Eagle Real Estate Report - August 2008

Posted by Jace Stolfo on Sunday, September 14th, 2008 at 3:24am.

The Eagle Real Estate market is slower than other areas around Ada County.  Particularly, when looking at the ratio between the number of homes for sale vs. the number selling.   For existing homes, there's a 24 month supply of homes.  For new homes, there's a 20 month supply.

The hardest hit part of the Eagle Real Estate market are homes in the higher price ranges.  Just looking at homes over $500,000, there is a 44 month supply. For homes over $1,000,000, there is a 37 month supply.  Compare this to an overall Ada County supply of 8 months.

Eagle home sales are down about 45% compared to August 2007.  Ada County sales were down about 22% from August 2007.

Eagle Existing Home Sales Aug-08 Aug-07 % Change
Total Eagle Listings 359    
Sold Eagle Listings 15 27 -46%
Median Eagle Home Price  $  389,453    
Average Eagle Home Price  $  340,000    
       
Eagle New Home Sales Aug-08 Aug-07 % Change
Total Eagle Listings 81    
Sold Eagle Listings 4 7 -43%
Median Eagle Home Price  $  653,350    
Average Eagle Home Price  $  850,000    

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Data Source: Intermountain MLS. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. This information contained in this post is for general market analysis. No representations or warranties are made as to the past or future appreciation or depreciation of property values.

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