Eagle Idaho New Homes

If you’re looking for a new home in Eagle Idaho, you have a good selection to choose from!

Of the 292 homes currently for sale in Eagle, 108 of them are new homes in various states of construction.

43 of those new homes are “To Be Built”, meaning they’re vapor ~ they do not yet exist.

They’re homes that builders would like to sell before they begin construction.

Builders love to sell their new homes before they build them because it’s easier to obtain construction financing with a pre-sold contract in hand, and it also eliminates carrying costs after the home is completed.

26 of those new homes are “Under Construction”, which means they’re pre-sold and, well . . . under construction!

Finally, 39 of those homes are “New-Never Occupied”, which means they’re “spec homes”.

They’re homes built on speculation that the builder would find a buyer during construction of upon completion.

Overall, 37% of all of the homes currently listed for sale in Eagle Idaho are new homes.

If you’re looking for a new home in Eagle Idaho, I know where they are.

As a long-time resident of Eagle, I also know the details of the various subdivisions and builders and can help you find the right home for your family.

For more information on new homes in Eagle, Idaho, give me a call at (208)938-5533 or e-mail me!

 

Eagle Idaho Real Estate Stats – November 2014

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

Eagle Idaho Available Homes

  • # Available: 306
  • Average Asking Price: $501,860
  • Median Asking Price: $420,000
  • Months’ Supply: 4.6

Eagle Idaho Pending Sales

  • # Pending: 109
  • Average Asking Price: $433,668
  • Median Asking Price: $355,497

 Eagle Idaho Closed Sales – November 2013

  • # Closed: 57
  • Average Sales Price: $381,639
  • Median Sales Price: $362,500

 Eagle Idaho Closed Sales – November 2014

  • # Closed: 58
    % Change: +1.8%%
  • Average Sales Price: $372,964
    % Change: -2.3%
  • Median Sales Price: $369,000
    % Change: +1.8%

Data taken from Intermountain MLS on 12/3/14 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 Real Estate Stats – October 2014

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

Eagle Idaho Available Homes

  • # Available: 356
  • Average Asking Price: $501,937
  • Median Asking Price: $419,500
  • Months’ Supply: 6.3

Eagle Idaho Pending Sales

  • # Pending: 115
  • Average Asking Price: $432,484
  • Median Asking Price: $385,000

 Eagle Idaho Closed Sales – October 2013

  • # Closed: 65
  • Average Sales Price: $377,127
  • Median Sales Price: $332,500

 Eagle Idaho Closed Sales – October 2014

  • # Closed: 51
    % Change: -21.5%
  • Average Sales Price: $424,181
    % Change: +12.5%
  • Median Sales Price: $378,399
    % Change: +13.8%

Data taken from Intermountain MLS on 11/4/14 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 twelve months.

 

Eagle Idaho Homes: Pending Sales

IMG_3105 (Large)

Here’s an interesting breakdown of Eagle Idaho pending sales.

Eagle Idaho Homes: Pending Sales

  • # Pending: 120
  • Average Asking Price: $421,995
  • Median Asking Price: $347,450

Eagle Idaho Homes: Pending Sales By Property Age

  • To Be Built: 8
  • Under Construction: 42
  • New-Never Occupied: 9
  • Under 1 Year: None
  • 1-5 Years: 5
  • 6-10 Years: 18
  • 11-20 Years: 19
  • 21-30 years: 8
  • 31-50 Years: 8
  • 50+ Years: 3

Takeaways & Context

  • 49.2% of all current pending sales are new homes.
  • 35.0% of all current pending sales are new homes under construction.
  • 61.2% of all homes under construction are in The Preserve subdivision by Coleman Homes.
  • 15.6% of all current pending sales are more than 20 years old.

Data pertains to Eagle, Idaho pending sales of homes on lot or acreage.

Data does not include condo or townhome properties.

 

Eagle Idaho: High-End Market Analysis

Here’s a detailed look at the Eagle Idaho high-end (above $750,000) market.

Eagle Idaho Available Homes

  • # Available: 45
  • Average Asking Price: $1,242,262
  • Median Asking Price: $899,000
  • Months’ Supply: 26.0

Eagle Idaho Pending Sales

  • # Pending: 14
  • Average Asking Price: $888,438
  • Median Asking Price: $833,000

Eagle Idaho YTD Closed Sales

  • # Closed: 17
  • Average Sales Price: $984,158
  • Median Sales Price: $875,000

Takeaways

  • The Eagle Idaho high-end market is saturated with supply vs. very few closed sales.
  • 26.0 months’ supply = 2.2 years’  listing supply (if no more homes are listed).
  • Only one of the 45 available homes has had a price reduction.
  • 17 YTD closed sales represents .27% of all 6,411 YTD closed sales for Ada County.
  • 17 YTD closed sales represents 3.1% of all 542 YTD closed sales in Eagle.
  • If all of the 14 current pending sales close, the months’ supply number will improve considerably.
  • If you’re a high-end seller in Eagle, you must be competitive to achieve a sale!

Data pertains to Eagle, Idaho $750,00+ homes on lot or acreage.

Data does not include condo or townhome properties.

Months’ supply is calculated by dividing the 2014 YTD average monthly closed sales into the number of available homes.