Eagle Idaho Real Estate Stats – June 2014

Here’s a snapshot of June/s activity for Eagle, Idaho real estate:

Eagle Idaho Available Homes

  • # Available: 406
  • Average Asking Price: $517,063
  • Median Asking Price: $439,900
  • Months’ Supply: 8.1

Eagle Idaho Pending Sales

  • # Pending: 123
  • Average Asking Price: $410,753
  • Median Asking Price: $369,900

 Eagle Idaho Closed Sales – June 2013

  • # Closed: 67
  • Average Sales Price: $379,303
  • Median Sales Price: $337,777

 Eagle Idaho Closed Sales – June 2014

  • # Closed: 75
    % Change: +11.9%
  • Average Sales Price: $389,252
    % Change: +2.6%
  • Median Sales Price: $384,500
    % Change: +13.8%

Data taken from Intermountain MLS on 7/7/14 and pertains to Eagle, Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past six months.

 

Eagle Idaho Homes: What’s For Sale

Here’s a breakdown of Eagle Idaho homes for sale, broken down by price range.

Eagle Idaho Homes: Under $100,000

  • # Available: None
  • Average Asking Price: N/A
  • Median Asking Price: N/A

Eagle Idaho Homes: $100,000  to $199,999

  • # Available: 19 (4.7% of all)
  • Average Asking Price: $180,229
  • Median Asking Price: $188,000

Eagle Idaho Homes: $200,000 to $299,999

  • # Available: 52 (12.8% of all)
  • Average Asking Price: $255,060
  • Median Asking Price: $254,220

Eagle Idaho Homes: $300,000 to $399,999

  • # Available: 102 (25.1% of all)
  • Average Asking Price: $351,781
  • Median Asking Price: $350,750

Eagle Idaho Homes: $400,000 to $499,900

  • # Available: 84 (20.6% of all)
  • Average Asking Price: $
  • Median Asking Price: $

Eagle Idaho Homes: $500,000+

  • # Available: 150  (36.9% of all)
  • Average Asking Price: $806,387
  • Median Asking Price: $678,350

Eagle Idaho Homes: Overall

  • # Available: 407
  • Average Asking Price: $519,614
  • Median Asking Price: $439,900

Takeaways

  • Nearly 37% of all Eagle Idaho homes for sale are over $500,000.
  • Only 17.4% of all Eagle Idaho homes for sale are under $300,000.

Data pertains to new Eagle Idaho homes (single-family homes) on lot or acreage.

Data does not include condo or townhome properties.

 

Eagle Idaho Real Estate Market Analysis

Here’s a current market analysis for the Eagle Idaho real estate market.

Eagle Idaho Available Homes

  • # Available: 393
  • # Resale Properties: 273 (69.5% of total)
  • # New Construction: 120 (30.5% of total)
  • Average Asking Price: $534,323
  • Median Asking Price: $450,000
  • Months’ Supply: 8.6

Eagle Idaho Pending Sales

  • # Pending: 123
  • # Resale Properties: 63 (51.2% of total)
  • # New Construction: 60 (48.8% of total)
  • Average Asking Price: $409,273
  • Median Asking Price: $374,400

2013 Eagle Idaho Closed Sales (January thru May)

  • # Closed: 241
  • # Resale Properties: 190 (78.8% of total)
  • # New Construction: 51 (21.2% of total)
  • Average Sales Price: $382,875
  • Median Sales Price: $345,000

2014 Eagle Idaho Closed Sales (January thru May)

  • # Closed: 227 % Change: -5.8%
  • # Resale Properties: 147 (64.8% of total) % Change: -22.6%
  • # New Construction: 80 (35.2% of total) % Change: +56.9%
  • Average Sales Price: $354,361 % Change: -7.5%
  • Median Sales Price: $323,130 % Change: -6.3%

Takeaways

  • The Eagle Idaho real estate market is a buyer’s market with 8.6 months’ supply of listing inventory.
  • Closed new home  sales are increasing while closed resale home sales are declining.
  • 120 (30.5%) of all 393 available listings are new construction.
  • 60 (48.8%) of all 123 pending sales are new construction.
  • 158 (40.2)% of all 383 available listings are above $500,000.
  • 30 (13.2%) of all 227 YTD closed sales were above $500,000.
  • 59 (15.0%) of all 393 available listings are above $750,000.
  • Only 4 (1.8%) of all 227 YTD closed sales were above $750,000.

Data pertains to Eagle Idaho single-family homes on lot or acreage. Data does not include condo or townhome properties. Months’ supply = available listings divided by the past six months’ average number of closed sales per month.

Eagle, Idaho Real Estate Stats – May 2014

Here’s a snapshot of May’s activity for Eagle, Idaho real estate:

Eagle, Idaho Available Homes

  • # Available: 398
  • Average Asking Price: $533,121
  • Median Asking Price: $449,900
  • Months’ Supply: 8.7

Eagle, Idaho Pending Sales

  • # Pending: 119
  • Average Asking Price: $414,164
  • Median Asking Price: $379,900

 Eagle, Idaho Closed Sales – May 2013

  • # Closed: 73
  • Average Sales Price: $404,383
  • Median Sales Price: $359,000

 Eagle, Idaho Closed Sales – May 2014

  • # Closed: 62
    % Change: -15.1%
  • Average Sales Price: $371,750
    % Change: -8.1%
  • Median Sales Price: $347,900
    % Change: -3.1%

Data taken from Intermountain MLS on 6/9/14 and pertains to Eagle, Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past six months.

 

Eagle Idaho Home Sales: This Year vs. Last Year

Here’s an interesting comparison of year-to-date Eagle, Idaho home sales.

2013 YTD Eagle Idaho Home Sales

  • # Closed: 168
  • Average Sales Price: $373,530
  • Median Sales Price: $335,574

2014 YTD Eagle Idaho Home Sales

  • # Closed: 164
    % Change: -2.4%
  • Average Sales Price: $348,373
    % Change: -6.7%
  • Median Sales Price: $309,950
    % Change: -7.7%

Conclusions

  • We’re selling  fewer Eagle, Idaho homes at lower year-over-year prices.
  • The Eagle, Idaho housing market is leveling off after a strong recovery over the past three years.
  • Declines in the number of sales, as well as the average and median prices, indicates a significant slowing of the Eagle, Idaho real estate market.

Data pertains to Eagle, Idaho single-family homes on lot or acreage

Data does not include condo or townhome properties.

YTD = January 1st thru April 30th of each year.