Eagle, Idaho's High-End Listing Inventory
A quick look at current MLS data for Eagle, Idaho residential listings reveals some interesting facts:
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There are 141 homes priced above $800,000 currently for sale in Eagle, Idaho with an average asking price of $1,247,488.
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There are 8 homes priced above $800,000 now in escrow, with an average asking price of $1,230,000 (sales prices are not reported until a transaction has closed in our MLS).
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18 homes above $800,000 have closed escrow year-to-date, with an average selling price of $960,764.
So ~ what does all that mean?
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First ~ we have an absorption rate of 3.6 homes/month during 2007.
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Second ~ we have 39+ months’ supply of homes above $800,000 in Eagle, Idaho.
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Third ~ it is definitely a “buyer’s market” if you are buying or selling a home in Eagle, Idaho!
(data taken from Intermountain MLS on 6/4/07 and pertains to single-family residential properties on lots/acreage)
June 5th, 2007 Posted in Uncategorized
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