Eagle ID Real Estate Market Update | September ’12

Eagle ID real estate sales for the months of August and September were higher this year compared to last year at the same time.  In August of last year 38 homes sold compared to 59 this year.  That’s roughly a 36% increase from August of last year.  As you can see in the graph below, the number of Eagle ID real estate sales jumped when comparing September 2011 to Sep. 2012.

Eagle Real Estate Sales 2011 vs. 2012

While the number of home sales in Eagle has gone up, the number of foreclosures has gone down from a year ago.  For example, the foreclosure market share in Sep. 2012 accounted for 16.7% of the Eagle ID real estate sales.  In September 2011, approximately 44% of the sales were foreclosures.  When referring to foreclosures we are talking about bank-owned homes, short sales, and HUD homes.

The same pattern holds true for every month this year compared to last year.  Foreclosures hit their lowest point this year in Eagle during the month of July at 8.8%.  But, they have remained at a steady rate since April 2012.  You can see the entire year-over-year comparison in the graph below.

Eagle Foreclosure Rate 2011 vs. 2012


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