There have been some interesting developments in the McCall real estate scene. A statistic we keep an eye on is the date actual purchase and sale contracts are written (as opposed to the closing date) because this indicates when buyers and sellers reach terms on price and other conditions of sale as well as actual sales activity in the market. In our seasonal market we expect wide but consistent fluctuations in activity.
In 2008 contracts written were as follows: February – 7, March- 8, April – 7. Then in May, contracts written dropped to 2. In June we saw a good pickup to 14 contracts written but month to date for July there are only 4 contracts written.
What is interesting is the activity and price ranges we are seeing properties sell. While most of the sales activity has been below $500,000 for single family and condominums, the higher end of the market seems to be capturing buyer interest as evidenced by sales of golf course properties in the listing range of $459,000 to $1,150,000; an equestrian property listed at $895,000 and a Payette Riverfront property listed at $1,170,000. An explanation: solid values being recognized by buyers with higher levels of discretionary purchasing power as well as high confidence in those values being maintained.
Inventory has grown from 351 active listings of single family homes, condominiums and fractional share properties to 413 currently. Price reductions continue and very good and solid buys are out there – if you know where to look for them. For those able to purchase at this time and those not willing to wait any longer, McCall real estate presents a compelling value!
