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 – 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.