Eagle ID Real Estate Sales | 2010 & 2011

Eagle, ID real estate sales were strong beginning May 2011 but fell below 2010 levels in November and December of 2011.  The graph below shows the monthly sales in Eagle Idaho for 2011 compared to 2010.  Sales for the 3rd Quarter of 2011 rose 38% above 2010 levels but dropped 7% below 2010 levels for the 4th Quarter.  For the year overall, residential real estate sales for 2011 were the same as 2010.

Although 2011 showed virtually no increase in the number of Eagle ID real estate sales when compared to 2010, the median home price in December 2011 was slightly higher than the median price in December of 2010.  As can be seen on the graph below, median home prices are trending upward, especially during the last quarter of 2011.

Another interesting trend in 2011 was the number of Non-Foreclosure sales compared to Eagle Short Sales and Eagle Bank-Owned property sales.  As depicted below, the majority of real estate sales in Eagle, ID for 2011 were Non-Foreclosures.  In fact, beginning in May, Non-Foreclosure sales accounted for more real estate sales than Short Sales and Bank-Owned properties combined.

 

Eagle Idaho Real Estate Market Stats

The Eagle ID real estate market in 2011 is about even with last year in terms of closings.  As you can see from the graph below, sales are above ’08 & ’09 levels.

While there are fewer distressed properties on the market in Eagle they still attract the majority of sales.  In March ’11, 62% of the sales were either Eagle ID Short Sales or Eagle ID Bank-Owned Real Estate.

As of 4/6/11, there are 195 single family homes for sale in Eagle Idaho – 55 are listed as short sales & 15 bank-owned homes.  The majority of these Eagle Idaho foreclosures are in the lower price ranges as the chart below shows.

Here’s a look at just the numbers:

Eagle Idaho Real Estate	Total	Short Sales	REO	Percentage
Under $100,000	2	2	0	100%
$100,000 to $200,000	47	24	6	64%
$200,000 to $300,000	47	13	7	43%
$300,000 to $400,000	38	7	1	21%
$400,000 to $500,000	19	2	1	16%
Over $500,000	42	7	0	17%
Total	195	55	15	36%

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Eagle Idaho Real Estate | June ’10

The Eagle Idaho real estate market had 34 sales last month. This is up about 6% from a year ago while Ada County as a whole was up 12%.  With 252 homes for sale in Eagle, that’s a 7.2 month absorption rate while the county was at 5.3 months.

Eagle Idaho real estate foreclosures accounted for 56% of the sales in June.  Nine of the 34 sales were short sales and ten were bank-owned.  This is higher than the county overall that had a 41% market share of foreclosures.

While Eagle Idaho foreclosures made up a larger percentage of the sales compared to the county, they actually make up a smaller percentage of the homes currently for sale – at least for bank-owned homes.

Eagle Idaho bank-owned homes currently make up 7% of the homes for sale.  The short sales on the other hand, make up 30% compared to 29% in the county. See the next two graphs:

Search Eagle Idaho real estate, Eagle bank-owned property, and Eagle short sales.

Eagle ID real estate market ~ April ’10

The Eagle ID real estate market surged in April as in other areas of the county as the first-time home-buyer tax credit deadline expired.  Sales were up 46% over last year with 21 non-foreclosure sales, 9 short sales, and 16 bank-owned sales.  These Eagle ID foreclosures accounted for 54% of the market share, down slightly from the 60% a year ago but above the last 13 month average of 52%.

The graph below shows how Eagle ID real estate sales have performed January through April over the last 3 years.

The chart below shows the market share of foreclosures in Eagle Idaho over the last year.  It should be noted that the months with a higher market share are also the months with stronger monthly sales.

Eagle Idaho Real Estate Market ~ December ’09

The Eagle Idaho real estate market had 37% more sales last month than the same time a year ago.  When comparing 2009 to 2008, Eagle real estate sales were up 17.5%.  This surpassed the county’s’ improvement that saw a year-over-year increase of 7%.

Eagle Idaho foreclosure properties continue to play a large role in the market. Last month, 37% of the home sales were foreclosures.  However, this is down from the 50-60% market share they comprised in the spring.  Compared to other parts of the county, Eagle’s foreclosure market was one of the lowest while Star was the highest with over 70% of the sales being foreclosures.

Information gathered from IMLS and is not guaranteed.

Eagle, ID Real Estate | September 2009

Eagle home sales had another solid month in September, with 38 homes sold.  This is down slightly from the 40 homes sold in August.  The chart below shows total sales for the last five months in the Eagle, ID real estate market:

Out of these 38 homes sold in the Eagle, ID real estate market, 10 of these were bank-owned properties and 9 were Eagle short sales, which makes a foreclosure rate of 50%.  This is a pretty typical percentage for the past five months, as shown in the following graph:

Although there was a slight drop in home sales from August to September, the average existing home price in the Eagle, ID real estate market increased by almost $40,000 over this same time.  As the graph below shows, there has been an upward trend in the average prices of houses over the past five months:

Data source:  Boise MLS (IMLS).  Information not guaranteed.

Eagle Idaho Real Estate| August ’09 Stats

As shown in the graph below, 53% of sold homes in the Eagle Idaho real estate market during August were foreclosures.  This not only makes Eagle foreclosures the highest percentage in Ada County, but more than double the lowest foreclosure rate in Kuna at 24%.

In August, 40 homes sold in the Eagle ID real estate market, the graph below shows that 19 of those were non-distressed, 11 were Eagle short sales, and 10 were Eagle bank owned. Eagle Idaho short sales made up 28% percent of total homes sold in August.

In the Eagle Idaho real estate market, the best absorption rate can be found in the $200,000-$300,000 price range with a 5.2 month supply. The homes priced between $400,000 and $500,000 has the highest absorption rate at an 18.7 month supply. The average home price in the Eagle Idaho real estate market is $367,336 and the median sold price is $315, 000.

Information deemed reliable but not guaranteed.

Eagle Idaho Real Estate | Eagle Market Stats July ’09

The Eagle Idaho real estate market, like the rest of Ada County, has had increasing home sales and decreasing market share for foreclosures.  The graph below shows the Eagle real estate sales since April where sales have increases 25%.

In April, the Eagle Idaho real estate market was made up 60% foreclosure sales (Eagle short sales & Eagle bank-owned homes), while in July, this number decreased to 42.5%.   This compares to 33% market share in Ada County and 25% in Boise.  The graph below shows the Eagle Id real estate foreclosure market trend since April.

The chart below shows the Eagle Id real estate sales for new homes verses existing along with average and median home prices.

Eagle ID New Home Sales	4	6	6	6
Average Eagle Home Price	$ 328,775	$477,233	$334,000	$410,333
Median Eagle Home Price	$ 485,000	$600,000	$405,000	$412,250
Eagle ID Existing Homes Sales	26	31	33	34
Average Eagle Home Price	$ 292,795	$309,281	$345,412	$387,204
Median Eagle Home Price	$ 255,500	$260,000	$310,000	$375,000

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Data Source: Eagle MLS (IMLS). Information not guaranteed.

Eagle Idaho Real Estate – April Stats

The Eagle Idaho real estate market has been gaining steam in recent months.  Below are the Eagle ID real estate stats from January through April.

Eagle Idaho Real Estate	Jan-09	Feb-09	Mar-09	Apr-09
Eagle ID New Home Sales	1	2	3	4
Average Eagle Home Price	300600	472500	$     342,733	$  328,775
Median Eagle Home Price	300600	545000	$     410,000	$  485,000
Eagle ID Existing Homes Sales	15	14	21	23
Average Eagle Home Price	357913	342,685	$     302,726	$  292,795
Median Eagle Home Price	390000	332,000	$     277,000	$  255,500

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Data Source: IMLS. Information not guaranteed.

Eagle Real Estate Stats | September through December

Here’s a brief look at the Eagle Idaho real estate market over the last four months.  As you can see, most of the Eagle homes being sold are existing homes.  The average Eagle home price in December was $537,500 for new construction and $255,306 for existing.  The median Eagle ID home price was $550,000 for new and $229,500 for existing.

Eagle Idaho Real Estate	Sep-08	Oct-08	Nov-08	Dec-08
New Home Sales	1	4	2	2
Existing Homes Sales	18	26	12	15

Data Source: IMLS. Information not guaranteed.