Boise Real Estate Market

Below are the Real Estate Market Statistics for Eagle, Idaho for the month of November 2011. All numbers reflect single family/single family with acreage homes based on the data from the Multiple Listing Service.

Available Homes

# Available: 225

# Vacant: 109 (48%)

# Short Sales: 43 (19%)

# Bank Owned: 7 (3%)

Median Asking Price: $369k

Inventory is down from October’s 244 with Median Asking Price remaining the same.

———————————–

Pending Sales

# Pending: 57

Median Asking Price: $329.9k

Number of Pending Sales is down by 1 from last month but the Median Asking Price is up from October’s $299,450

————————————

Closed Sales – November 2010

# Closed: 43

# Short Sales: 6 (14%)

# Bank Owned: 15 (35%)

Median Sales Price: $325k

Median Days on Market: 63

Closed Sales – November 2011

# Closed: 31

# Short Sales: 8 (26%)

# Bank Owned: 5 (16%)

Median Sales Price: $270k

Median Days on Market: 49

Closed Sales are down from year over year and month over month as is the Median Sales Price for year over year. However, month over month the sales price is up ($256,150 in October) and if the Pending Sales Price trend is correct, then we should see an increase in the Median Sales Price in December. The Eagle area is still roller-coasting with its prices and since the volume every month is relatively small, all it takes is one large or small sale to change the sales price numbers.

What we have seen is not too bad for Eagle though. The inventory, like all of the Boise area, is down, the pending sales are remaining steady as are the closed sales. I think that Eagle is typical of some of the other out-lying Boise areas that are taking a little longer to “normalize” (Star and Kuna are two in particular). I am thinking that by spring we should see a better housing market for Eagle.

If you would like to see homes that are for sale in the Eagle or Boise Real Estate Market, please go to my website (no sign in  required): www.BoiseRealEstateChick.com or e-mail me: mary@BoiseRealEstateChick.com