Canyon County Real Estate Market Stats-October 2011

Below are the Canyon County Real Estate Market Statistics for October 2011. These numbers reflect Available, Pending, and Closed Sales for single family/single family homes with acreage in the Canyon County area (Caldwell, Nampa, Middleton, and surrounding area). All numbers are based on information from the Intermountain Multiple Listing Service.

Available Homes

# Available: 1003

# Vacant: 482 (48%)

# Short Sales: 392 (39%)

# Bank Owned: 113 (11%)

Median Asking Pice: $110K

Inventory for the Canyon County area continues to drop (1058 in September). If we take the number of contingent short sales (meaning these homes are already in contract waiting lender approval) there are only 765 properties available. The percentage of distressed properties on the market is down as well (total of 52% in September).

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Pending Sales

# Pending: 407

Median Asking Price: $87K

Number of pending sales is slightly down from September’s 428 but the Median Asking Price is up from $85,150.

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Closed Sales- October 2010

# Closed: 238

# Short Sales: 31 (13%)

# Bank Owned: 126 (53%)

Median Sales Price: $89.9K

Median Days on Market: 45

Closed Sales – October 2011

# Closed: 272

# Short Sales: 74 (27%)

# Bank Owned: 130 (48%)

Median Sales Price: $82K

Median Days on Market: 41

Year over year the number of sales are up as are the month over month numbers (251 in September). Year over year the median sales price is getting closer, and month over month is up ($79.5k in September). 75% of the Closed Sales for October were distressed properties, which is up from last months 68% and year over year’s 66%..

Good news is that distressed properties are getting moved through the system as the percentage of distressed properties that are coming on the market are going down. 52% of the available properties in September were distressed and in October that percentage is 50%. As we continue to see the inventory numbers drop and the demand holding steady, prices should start to increase. Buyers, now is the time!

If you would like to see current listings in the Canyon County area please go to my web site (no sign in required) : www.BoiseRealEstateChick.com or e-mail me: mary@BoiseRealEstateChick.com

  1. December 6th, 2011
    Trackback from : Elektrische Zahnbuerste
  2. December 8th, 2011
    Trackback from : Buy Facebook Fans

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