Boise Real Estate Market Statistics – September 2011

The numbers are in for the Boise Real Estate Market, September 2011 and are posted below. These numbers are based on homes (single family/single family with acreage) that are for sale, pending or have sold during the month of September. The area that is included in these numbers are all in ADA County (Boise, Meridian, Eagle, Star and Kuna).

Available Homes

# Available: 2366

# Vacant: 1234 (52%)

# Short Sale: 681

# Bank Owned: 128

Median Asking Price: $184,900

The number of available home continues its decline. Last month had 2466 homes on the market. Median Asking Price is also up from August’s $179,900.

——————————————————-

Pending Sales

# Pending: 852

Median Asking Price: $152,300

The number of Pending Sales is down slightly from August’s 878 as is the Median Asking Price ($157K in August)

———————————————————-

Closed Sales- September 2010

# Closed: 515

# Short Sales: 87

# Bank Owned: 151

Median Sales Price: $158,900

Median Days on Market: 45

Closed Sales – September 2011

# Closed: 563

# Short Sales: 104

# Bank Owned: 126

Median Sales Price: $145,000

Median Days on Market: 39

September 2011 did not do as well as hoped for! while the year over year number of Closed Sales was up, the Median Sales Price was down. Actually the month over month Sales Price was down as well ($153,750 in August). The percentage of distressed properties that sold has decreased significantly since last year. September of 2010, 50% of all sales were distressed. In 2011, 43% of all sales were distressed. We need to see that number continue to come down to get back to a “normal” market.

If you would like to see what homes are currently going for in the Boise Real Estate Market, go to my web site (no sign up required): www.BoiseRealEstateChick.com

 

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: