Eagle, Idaho Real Estate – Above $1 Million
Homes For Sale Now: 76
- # Vacant: 39 (50% vacant)
- Average Asking Price: $1,607,224
- Median Asking Price: $1,350,000
- Highest Asking Price: $5,698,000
- Lowest Asking Price: $1,050,000
Homes Sold Past 6 Months: 5
- Average Sales Price: $1,146,000
- Median Sales Price: $1,075,000
- Highest Sales Price: $1,300,000
- Lowest Sales Price: $1,025,000
Interesting stuff I saw in the 76 listings:
- Several listings requiring listing agent to be present for all showings (just what a buyer wants ~ the listing agent leading them through the house, pointing out “this is the kitchen”!)
- Several listings stating no sign or lockbox; appointment required (Let’s keep it a secret and make it hard to show!)
- Several short sales requiring lender approval, including one requiring buyers to be approved by the present lender as a condition of viewing the home (Gee, what if the buyer is already approved by a lender they chose?)
- Several listings were real estate agents selling their own home.
- Several listings were builders selling their own home.
- Several listings offered bonus commissions (largest was 5% commission to selling agent)
- One curiously offering a $40,000 cash bonus paid to the seller? (hmmm . . . lemme see here, the sellers are going to pay themselves $40,000 to sell their own home? Maybe the listing agent should proffreed her $1m+ listing to see if there are any misteaks?)
- Several price reductions (largest was $500,000, offered $100,000 below builder’s cost)
Best of all?
The listing offering a $100,000 price reduction IF PURCHASED AND CLOSED BY 12/31/07! (huh?)
If you are a buyer looking for a home in this price range, give me a call ~ I know where the deals are!
(this post coincides with yesterday’s Idaho Statesman article on Eagle area foreclosures)
February 17th, 2008 Posted in Uncategorized
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