How to Win a Bidding War in a Seller's MarketBy John MeussnerMortgage and Lending with Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, NMLS #138061 MMCD
GEM COUNTY HOME SALES UP IN APRIL 2018
Dated: May 13 2018
GEM COUNTY HOME SALES UP IN APRIL
In April 2018, 32 existing homes sold in Gem County, up 33.2% compared to April 2017. That left 40 existing homes available for sale at the end of the month, down 13.0% from the same month last year, but up 11.1% from March 2018.
While new construction is typically limited in Gem County, an additional 11 new builds sold or went under contract in April 2018, up from six the previous month.
The median sales price for existing homes in Gem County was $190,000 as of April 2018, based on activity over the past 12 months — an increase of 12.8% over the same period last year.
For new homes, the median sales price was $204,900 as of April, also based on activity over the past 12 months. This was up 10.1% over the same period in the previous year.
Specifically, in the city of Emmett, closings were up 19.3% year-over-year, as 31 homes sold in April 2018, for existing and new construction combined. Based on activity in both segments over the past 12 months, the median sales price for Emmett was at $178,674 in April 2018, a gain of 8.2% over the same period last year.
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