Here’s a rundown on the Eagle, Idaho real estate market for October.
We currently have 474 homes for sale in Eagle with an average asking price of $661,244.
We had a little more than 500 homes for sale in Eagle a month ago.
During the month of October, 43 homes closed escrow @ an average price of $394,897.
Note the difference between the average asking price of $661,244 and the average selling price of $394,897.
These numbers are in stark contrast to those of October 2005 when 87 homes closed escrow @ an average selling price of $409,852.
These stats reveal a 50.5% decline in closed units and a 3.6% decline in average selling price.
(statistics derived from Intermountain MLS data and pertain to single-family residences on lots/acreage).