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Camas County home prices return to normal after a year of foreclosure sales

A foreclosed home in Fairfield that sold for $25,000 in 2015. Photo from the Intermountain MLS website.

A foreclosed home in Fairfield that sold for $25,000 in 2015. Photo from the Intermountain MLS website.

Camas County saw home prices increase 187 percent through September to a median price of $103,000, but a Fairfield realtor said the numbers were skewed last year because of a spate of foreclosure sales.

Camas sold only 13 homes in 2015, but seven were foreclosure sales. The median price of all the homes was only $46,000, according to statistics provided by Strickland Real Estate in Fairfield.

“We’ve gotten rid of most of the foreclosures now,” said Fred Marolf, a Strickland agent. “That’s the reason for the difference in price (from 2015 to 2016).”

The one Camas County home that sold in September was priced at $102,000, a 229 percent increase over the one home sold in September 2015 for $31,000, according to Intermountain Multiple Listing Service statistics.

Marolf said the $100,000 threshold sounds reasonable as a median price for Camas County.

About Teya Vitu

Teya Vitu is an Idaho Business Review reporter, covering commercial real estate, construction, transportation and whatever else may intrigue him in the moment. Join me on Twitter at @IBR_TeyaVitu.