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.
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.