As you can see in the graph below Eagle, Idaho real estate sales are higher this year than they were in 2011 and 2012. In October there were 58 homes sold in Eagle compared to 52 sold in October of the previous year. That’s an 11% increase, which shows sales are continuing to increase in a stabilized market. At the peak of the market in July of this year, 72 homes were sold in Eagle, which is a 111% increase from 2012. It then slightly decreased for a couple of months, which is normal in late summer. It has since then picked back up this Fall.
Along with an increase in real estate sales in 2013, the median home sales price has also increased. In October of 2013 the median home sales price was $322,500. In Comparison to October of 2012, the median home sales price was $278,500, which is an increase of 11.5%. In January of 2013 the median home sales price was $278,450 and increased steadily through the year by about 16%. The average median home sales price in 2013 is 12% higher than the average median home sales price from 2012.
As you can see in the graph below, the Eagle Foreclosure rate has dropped tremendously in the last 3 years. In January of 2011 there was a 70.6% foreclosure rate compared to 5.2% in October of 2013. In the last three years the foreclosure rate has dropped 65.8%. This year alone the foreclosure rate has dropped from 16.7% in January to 5.2% in October. Between 2011 and 2013 we went from an unhealthy market with a very high foreclosure rate, to a healthy and stabilized market with a very low foreclosure rate.