Boise Real Estate Market Stats-Eagle-May 2011

Here are the real estate statistics for the Eagle area for May 2011. These numbers represent available, pending, and closed sales for single family/single family with acreage properties.

Available

# Available: 259

# Vacant: 108

# Short Sale: 53

# Bank Owned: 16

Median Asking Price: $354,900

Inventory went up very slightly from April’s 254 but the Asking Price went down from $379,500

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Pending Sales

# Pending: 88

Median Asking Price: $333,450

Pendings are up slightly (82 in April) and the Asking Price is up from $317, 250. We will see if the Sold Price goes up a little in June with this increase.

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Closed Sales

# Closed: 49

# Short Sales: 6

# Bank Owned: 13

Median Sold Price: $292,400

Median Days on Market: 61

Closed sales were up from April’s 38 as was the sales price up from $240K. (Actually Median Sales Price is up from May 2010 as well)  Days on Market went up though from 56 to 61.

The other good news is that the percentage of distressed properties that sold in May was 38% compared to 2010 which had 53%. That is a nice decrease and one that we need to see more of in order for the Median Sales Price to continue moving in a positive direction. The number of active listings in the Eagle area that are distressed is 26% and is down from April’s 28%, also nice to see.

If you would like to see available listings in the Eagle area please go to my web site (no sign up required): www.BoiseRealEstateChick.com  You can also contact me for additional Boise Real Estate information through the web site!

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