Boise Real Estate Stats-Meridian-June2011

Here are the Meridian real estate statistics for June 2011. These numbers are based on single family/single family with acreage that are active, pending or sold from the multiple listing service.

Available-June 2011

# Available: 647

#Vacant: 357

# Short Sale: 201

# Bank Owned: 22

Median Asking Price: $171,677

The number of Available listings is down from May’s 666 as is the Median Asking  Price of $175K

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Pending Sales- June 2011

# Pending: 247

Median Asking Price: $189, 365

The number of Pending Sales are down from May’s 275 but the Median Asking Price is up from last month’s $172K.

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Closed Sales- June 2011

# Closed: 167

# Short Sales: 26

# Bank Owned: 44

Median Sales Price:$167,000

Median Days on Market: 42

The number of closed sales is down slightly from May (176) but the Median Sales Price went is up from $152,650. What is also good to see is that the percentage of distressed properties is down to 42% (it was 51% in May) which is more than likely the reason that we are seeing the prices go up.

Overall, the Boise Real Estate Market continues to look good. With inventory staying low and number of distressed properties starting to decrease we could very well see the prices continue to increase. So if you are a buyer, now is the time to buy. Interest rates are still low and buying is cheaper than rent!  If you are looking for a Buyers Rep. please contact me through my website (no sign up required): www.BoiseRealEstateChick.com

 

  1. The real estate effect can be moderated with a little due dilegence. Great information and reference! Thank you for the article Boise.

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