Category Archives: Market Trends

Market Comparison 2007 to 2015

2015 was a bit of a mixed bag for real estate in Valley County.  The number of home sales was down a little but the average sales prices increased in Cascade and McCall.  Donnelly saw some drop in the average home prices.

Cascade experienced a pretty dramatic increase in the number of bare land sales, though the average price decreased.  Donnelly and McCall saw fewer land sales in 2015 but enjoyed an increase in their averages prices.

Take a look at this Market Comparison Chart showing all of the numbers from 2007 through 2015.  It looks pretty dry at first glance, but if you spend just a minute I think you’ll find it interesting – maybe even surprising.

 

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Market Comparison, 2006 – 2014

2014 was an interesting year for real estate in Valley County.  It felt like we were finally breaking out of the difficult years of the downturn and moving into a more healthy, prosperous real estate climate.  But when I compiled … Continue reading

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Market Comparison Chart 2006 to 2013

Personally, I don’t trust numbers much.  Averages can be so easily distorted by one exceptionally large or small sale.  But market trends are more trustworthy.  Check out this Market Comparison Chart showing the SOLD data for Valley County since 2006.  It looks like a bunch of dry gibberish at first glance, but a minute of study brings the obvious trending into view.

 

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Be prepared to pay more than the asking price!

I saw it again this week – an extremely disappointed client (Bill) who missed out on a great buy.  It was a bank owned house with a listing price just over $97,000.  Bill made a full price cash offer and was sure … Continue reading

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Second Homes

Did you know that 75 percent of the homes in Valley County are second homes?  There are lots of good points about that statistic.  People like to be here and choose this area for their recreation and relaxation.  They smile a … Continue reading

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Market Comparison 2006 to 2011

Personally, I don’t trust numbers much.  Averages can be so easily distorted by one exceptionally large or small sale.  But market trends are more trustworthy.  Here is a Market Comparison Chart showing the SOLDS since 2006 for Valley County.  The downward trend is apparent.  Home … Continue reading

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Foreclosure. Short Sale. REO. Say WHAT ????

In this distressed market we’ve had to become familiar with new terms and new ways of doing business.  Maybe I can help take away some of the mystery.  Keep in mind that these are  Karolyn’s Simplified Versions…… FORECLOSURE:  When an … Continue reading

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Auction? or Auction?

The term “auction” can be very confusing in real estate because it is used for two different types of public sales.   First, there is the type of auction we all think about – you know, the one with the fast-talking … Continue reading

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