Across the nation existing home sales have been steadily increasing in 2015. In fact, according the National Association of Realtors chief economist, Lawrence Yun, the third quarter of 2015 was the best quarter the housing market has seen in nearly a decade.
McCall was no exception to this and actually had better than average home sales for the West. Whereas third quarter home sales in the West showed a 3.9% increase over the same quarter in 2014, McCall’s home sales were up over 7.5%. Home sales in Donnelly, Cascade and New Meadows, however, were down from the same quarter in 2014.
While existing home sales have increased for McCall in 2015, land sales decreased more than 9% over the third quarter in 2014. So what does this mean for McCall in 2016? The increase in 2015 home sales shows that built home inventory is diminishing, providing a platform for land sales to increase next year. Along with an increase in land purchases next year we’ll most likely see an uptick of newly constructed homes in the valley. Perhaps now is the time look into buying that lot you’ve had your eye on?
