Canyon County Real Estate Market Statistics – April 2012

Below are the Canyon County real estate market statistics for April 2012, which consists of Caldwell, Nampa, Middleton, and surrounding areas. These numbers are based on single family/ single family with acreage homes that are active, pending, and or sold. All information is from the Intermountain Multiple Listing Service.

 Available Homes

# Available: 926

# Vacant: 447 (48%)

# Short Sale: 373 (40%)

# Bank Owned: 41 (4%)

Median Asking Price: $117,820

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Pending Sales

# Pending: 481

Median Asking Price: $103,752

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Closed Sales – April 2011

# Closed: 321

# Short Sale: 57 (18%)

# Bank Owned: 184 (57%)

Median Sales Price: $79,500

Median Days on Market: 47

 

Closed Sales– April 2012

# Closed: 271

# Short Sale: 77 (28%)

# Bank Owned: 87 (32%)

Median Sales Price: $87,000

Median Days on Market: 42

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 April Showers do bring May Flowers!

For what seemed to be a relatively dry winter, we have had a pretty wet spring, but we all know that the moisture is very much needed here. Despite the wacky weather , the real estate market is remaining hot!

For the first time in a while, inventory went up (by 19 homes) and while this is not a huge number, it is historic because it has not happened in so long!

This months Median Asking Price and Pending Sales Price both went up. The Asking Price was $110K in March and is now at $117,820. The Median Asking Price for Pending Sales was $98,950 and is now $103,752.

Closed Sales Price also went up from last months $83,450K and is now at $87K. With these continued increases, it stands to reason that once again we will see an increase in Sold Prices for May.

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 By the numbers!       

Currently there are 926 homes on the market in Canyon County. Of those, 335 are contingent short sales (this means that they are under contract waiting for the lender to approve the sale). This leave only 591 homes active on the market. This makes it very difficult for buyers to find decent homes.

The bulk of the homes (255) are under $150K. This still does not meet the current demand of first time home buyers. The supply versus demand is pushing prices up and slowly pushing some buyers out of the market.

 Buyers are still able to get some great deals and interest rates are still very low but Sellers are desperately needed! Homes that I have listed recently are going pending within 4 –16 days!

If you know anyone thinking of buying or selling a home, please let me know. I am always grateful for your referrals! You can contact me either through my e-mail: mary@BoiseRealEstateChick.com  or go to my web site: www.BoiseRealEstateChick.com

 

 

 

 

 

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