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Category Archives: Market Trends
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.
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
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.
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
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
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
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