Caldwell Idaho Real Estate shows strong new home sales
For the first two months of 2008 Caldwell Idaho showed what the rest of the country would like to have, strong new home sales. For January and February of 2008 Caldwell had 103 homes sell as reported in the Intermountain MLS. Of those 103 sales, 61 or 59% were new home sales. The average marketing time for all homes sold was 51 days and the average sales price was $145,485.
What is even more impressive is that Caldwell's List Price vs. Sales Price Ratio was 98.02 percent during this time frame. This ratio was the strongest in the Treasure Valley which includes Boise, Meridian and Nampa which have historically been the strongest real estate markets in the past for S.W. Idaho. This List Price vs. Sales Price ratio represents the percentage of the asking price that was acheived. Many parts of the country are seeing List Price vs. Sales price ratios as low as in the 70 and 80 percentile ranges.
The strongest selling prices for Caldwell for January and February of 2008 were as follows:
0-$150,000 (67 sales)
$150-$250,000 (31 sales)
$250-$350,000 (2 sales)
$350+ (3 sales)
Caldwell has a high percentage of homes in the price range up to $150,000 which is the price range many residents of the Treasure Valley can afford. It also has many upper-end projects for those that have the abliity to purchase in those price ranges and want to live in Caldwell. Caldwell appears to have what many would like to have: A growing infrastructure, steady real estate market and a wonderful family environment.
Caldwell has seen some very positive events take place in the last 2-3 years. The Indian Creek Restoration Project has many residents excited and the completion of the Franklin Interchange will be completed by the fall of 2008.