How Does Eagle, Idaho's August Market Stack Up To Last Year?

How Does Eagle, Idaho's August Market Stack Up To Last Year?

First up is the total number of homes sold:

Eagle, Idaho home sales for the month of August 2007: 35

Eagle, Idaho home sales for the month of August 2006: 51

Difference in number of homes sold down 13% 

Total Dollar Volume of Home Sales in Eagle:

Eagle Idaho sales volume for the month of August 2007: $15,974,603

Eagle Idaho sales volume for the month of August 206: $22,310,097

Percentage drop in total dollar volume: 28%

Average Number of Days on the Market:

Average Days On Market in Eagle, Idaho August 2007: 74

Average Days On Market in Eagle, Idaho August 2006: 44

Percentage difference of Days On Market 41%

Now all that may sound a bit discouraging and what you need to realize is that yes it may take 41% longer to sell your home in this market but 74 days is still a healthy market time.  The numbers that should concern you are when your home is way outside these averages.  In those instances you are spinning your wheels. 

Now it's not all doom and gloom, I saved the best for last.

Average Sales Price of Eagle Homes:

Average Sales Price of Eagle, Idaho Homes August 2007: $456,417

Average Sales Price of Eagle, Idaho Homes August 2006: $437,452

Price appreciation from August 2006 to Present: 4%

Prices are still going up.  Sellers are netted 4% more for their homes in Eagle in August 2007.  Still not bad despite what you hear in the news, we're not sliding backwards. 

If you would like more specific information regarding the homes in your immediate area visit me on the web at www.BrianBrumpton.com and send me an email.  Until next time, happy selling.