We thought this would be a good time to recap market activity to date as we enter what is traditionally McCall’s prime selling season. A buyer’s market persists in the area with very good selections of well valued homes and condominiums. As of May 31, 2008 the number of McCall active listings stood at 351 with a median list price of $399,000 (half of the listings are priced above and below this level.) The typical buyer profile we are seeing: Boise/Treasure Valley based, good incomes, know McCall, realize prices are great and are cherry picking the best inventory. And not willing to loose out again on finding a well located value here in McCall to enjoy as a vacation home or resort rental. We call those buyers SMART. Pending sales evidence the most active segment of the McCall market with seven current pending sales, all below $500,000. Year over year comparisons: For the 12 month period ending May 31, 2008, there are 128 sales reported with a median sales price of $302,500. This is a 23% decline in units for the comparable period one year earlier (May 2006 to May 2007) which posted total sales of 166 with a median sales price of $375,000 – and a 19% decline in median value year over year. Price reductions in the McCall real estate market have produced compelling values for the buyer of McCall real estate: ultra luxury townhomes are available under $500,000 in Spring Mountain Meadows; other close in locations offer affordable “mountain style” residences under $500,000 as well; cute and clean and close to downtown bungalows are available under $250,000; and custom view homes on the upper end can be purchased under $1,000,000. There has never been a better time to buy McCall real estate! We encourage you to start kicking tires, get acquainted and educated about the market and proceed with confidence.

This entry was posted on Tuesday, June 3rd, 2008 at 10:03 pm.