We're back in the "White Room" which is to say that we're getting lots of fresh snow right now. Skiing is fantastic, and our town is alive. Winter Carnival is coming up at the end of January, which is a significant and fun event for McCall, with town as busy as it is during 4th of July.
On the real estate front, the Wall Street Journal wrote a recent article entitled "McCall, Idaho: A Ski Spot Without the Glitz" which highlights some great aspects of our town, and has generated a fair amount of buzz, drawing attention to many of the great reasons people come to McCall both for vacations and to live full time. To read the full article, click here.
The real estate market in McCall is healthy, and home values continue to gradually rise, though they're still well below the market peaks of 2005-2007. Vacant land prices have held flat for years since the recession from 2009-2011, and still one can purchase an average building lot for $40,000 to $70,000 in town. The lowest priced single family homes are generally just above $200,000. Building costs have risen, with an estimate of approximately $200/sq ft for good quality new construction. In 2017 we saw more high end properties sell, and we saw more lakefront properties in McCall sell than in recent years, with 21 Payette Lake front properties sold, from the lowest priced lakefront, a 475 sq ft lakefront condo at $265,000 to the highest priced sale of $4,300,000 for a lakefront estate home.
Inventory tends to be low this time of year, and most sellers with their properties on the market are serious about selling. Seasonally, we see more properties come on the market in May-June, the most showing activity during the summer, and the most closed sales in fall. With inventories low in winter, the timeframe from January to April is one of the best times to list your home for sale as there is less competition. If you're considering selling or looking into purchasing a home in McCall, please contact Mike Maciaszek (208) 315-2945.