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.

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:

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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.

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 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.

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.

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.

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.

Search Eagle Idaho Real Estate.

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

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Data Source: IMLS. Information not guaranteed.

Data Source: IMLS. Information not guaranteed.