Canyon County Real Estate Market Statistics – July 2011

Here are the numbers for Canyon County real estate market for July 2011. Canyon County consists of Caldwell, Nampa, Middleton, and the surrounding area. All numbers reflect single family, single family with acreage from the Multiple Listing Service.

Available- July 2011

# Available: 1157

# Vacant: 539 (46%)

# Short Sale: 471

# Bank Owned: 85

Median Asking Price: $110,000

Number of Available homes has dropped again (1216 in June), unfortunately so has the Asking Price. This is good for buyers, who continue to get amazing deals, but bad for the “regular” sellers who continue to be punished by having to compete with the distressed homes on the market.

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Pending Sales – July 2011

# Pending: 413

Median Asking Price: $85,000

Bad news: # of Pending Sales is down. Good News: Median Asking Price is up slightly. July is a typically slow time in the real estate market as buyers are vacationing or feel it is just too hot to drive around and look at property. We will watch August numbers to see if there is an improvement.

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Closed Sales – July 2011

# Closed: 275

# Short Sale: 57

# Bank OWned: 120

Median Sales Price: $80,000

Median Days on Market: 38

While Closed Sales are down compared to the last few months when looking at year over year though, closings are actually up. In July 2010 there were only 235 closings, so the 275 this month does not look as bad! Median Sales Price is down by $2k from June so once again we will have to wait and see how August looks to determine which way the market will trend for the fall.

If you would like to see some of the great deals in the Canyon County area please go to my website (no sign in required) and browse around. If you see a property that you would like additional information on please contact me through my website : www.BoiseRealEstateChick.com

 

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