Archive for February 7th, 2011

Boise Real Estate Statistics for January 2011

The numbers are out for Boise home sales, pending and active listings for the month of January 2011. The good news is that the available inventory of homes  continues to shrink. Prices have continued to remain relatively flat for the past few months with the exception of Eagle, which has actually seen a 10% increase in the median sales price.

The bad news is that the number of vacant homes is around 57%.  That is much to high and is an indication of the large numbers of distressed properties that are still a large part of the market. Even though this percentage number is high, with the available inventory shrinking, so too are the  overall number of distressed properties. 

Ada County

January Market Statistics 

Available Homes

# Available: 2,283

# Vacant: 1,293 (57%)

Average Asking Price: $197,500

Median Asking Price: $155,000

Pending Sales

# Pending: 584

Average Asking Price: $194,000

Median Asking Price: $150,900

Closed Sales January 2010

# Closed: 298

Average Sales Price: $200,807

Median Sales Price: $168,900

Closed Sales-January 2011

# Closed: 381

% Change: +18.5%

Average Sales Price: $175,200

% Change: -12.4%

Median Sales Price:$135,500

% Change: -20.1%

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Meridian

January Market Statistics

Available Homes

# Available: 606

# Vacant: 349 (58%)

Average Asking Price: $192,044

Median Asking Price: $165,000

Pending Sales

# Pending: 152

Average Asking Price: $189,100

Median Asking Price: $162,400

Closed Sales – January 2010

# Closed: 104

Average Sales Price: $182,891

Median Sales Price: $171,500

Closed Sales – January 2011

# Closed: 97

% Change: -6.7%

Average Sales Price: $177,100

% Change: -2.9%

Median Sales Price: $155,000

% Change: -10.6%

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Eagle

January Market Statistics

Available Homes

# Available: 194

# Vacant: 87 (45%)

Average Asking Price: $441,800

Median Asking Price: $352,300

Pending Sales

# Pending: 57

Average Asking Price: $371,300

Median Asking Price: $348,00

Closed Sales – January 2010

# Closed: 26

Average Sales Price: $364,080

Median Sales Price: $357,000

Closed Sales – January 2011

# Closed: 21

% Change: -19.2%

Average Sales Price: $402,344

% Change: + 10.5%

Median Sales Price: $393,000

% Change: + 10.1%

 If you have any questions please feel free to contact me : mary@heritagewifi.com or www.BoiseRealEstateChick.com

And please feel free to leave your comments!

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