For the 3rd Quarter in a row the McCall real estate market showed a substantial increase over the same period the previous year. There were 58 solds in the 3rd qtr. ( June , July , August ) for 2009 compared to 42 in 2008 for a 38% increase. Of the 58 solds , 45 were under $400,000.
There has been increased buyer interest for higher priced distressed properties as opposed to recent quarters where the buyer pool was strictly focused on distressed properties in the 200-300 thousand price range. Some of these buyers are willing to sacrifice location for discounted improvements as some of these properties are in average locations that have not sold well as building lots.
At the end of the 3rd Quarter current pendings ( sold but not closed ) properties total 24 . Of the 24 pendings , 16 are under $300,000.
Active listings total 349 compared to 429 at the end of the previous (2nd) Quarter for a 23% decrease. This is a positive absorbtion trend for sellers with non-distressed properties . Of the 349 listings currently on the market for sale , 217 ( 62% ) are under $ 400,000. There is still a oversupply of luxury homes . 47 homes are priced between $ 500,00 and $800,000 . 41 homes are priced over $800,000.
The following is a link to a detailed 3rd Quarter report .
