Home on over 3 acres

Sales of foreclosed properties and homes  continue to dominate the real estate sales market, according to the latest figures from the Multiple Listing Service of the Mountain Central Association of Realtors.

A total of 211 homes were sold in the first six months of 2010, a 51 percent increase over the 140 homes sold during that period in 2009, the MLS figures showed according to the Star News. 

Almost  two-third of this year’s sales, or 132 transactions, were distressed properties either bankowned or a short sale.

The MLS report covers sales from Cascade in the south to Riggins in the north and includes McCall, Donnelly and New Meadows.

With the foreclosure sales included, the total sales for January through July passed the 182 homes sold in all of 2008 and began to approach the 247 homes sold in all of 2007.

However, taking out the 132 distressed sales brings the total for this year down to just 79 sales, or about half of the 2009 total to date.

The most homes sold were in McCall (95) followed by Donnelly/Tamarack Resort (73), New Meadows (24) and Cascade (19).

Teh median prices for homes were $199,500 for McCall, $187,500 for Donnelly or Tamarack Resort, $81,000 for Cascade and $146,000 in New Meadows.

Sales of bare lots faced the same skewed figures due to foreclosed properties.

A total of 98 lots sold in the region during the first six months of 2010 compared to 44 lots sold in 2009.   53 of those

lots, just over half the total, were bank-owned properties or sold at auction.