Canyon County Real Estate Market Statistics – August 2011

Below are the numbers for the Canyon County Real Estate Market for August 2011. Canyon County consists of Caldwell, Nampa, Middleton, and surrounding areas. All numbers are from the Multiple Listing Service based on single family/single family with acreage homes.

Available Inventory – August 2011

# Available: 1111

# Vacant: 505

# Short Sale: 461

# Bank Owned: 87

Median Asking Price: $113,900

Inventory is down from July (1157) and the number of distressed properties remains about the same percentage as last month.

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Pending Sales – August 2011

# Pending: 432

Median Asking Price: $85,150

Pendings are up slightly from July and the Median Asking Price was almost identical.

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Closed Sales – August 2011

# Closed: 283

# Short Sale: 64

# Bank Owned: 94

Median Sales Price: $78,500

Median Days on Market: 37

While the Available and Pending numbers don’t really tell us much about the current market other than that inventory continues to decrease, the Closed Sales numbers tell another story. Month over month and year over year, August 2011 is a very good month for Canyon County and here is why: number of sales are up and number of distressed properties are down.

While the Sold Price is down year over year (August of 2010 was $89K) and month over month (July was $80K), the percentage of distressed properties is what is catching my eye. In August of 2010, the number of properties sold was 254 with 70% of those sales being distressed. In July 2011, the number of properties sold was 275  with 64% being distressed. Now look at August 2011, the number of sold was 283 with only 55% distressed.  That is a 15% drop year over year and a 9% drop month over month. That is good news! And Canyon County surely needs it!

If you would like to see what homes are currently going for in the Canyon County area, please go to my website: www.BoiseRealEstateChick.com

 

 

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