Boise Real Estate Market Statistics for June 2012

Below are the Boise Real Estate Market statistics for June 2012. These numbers represent all active, pending, and closed sales during June in the Boise area (Ada County) for single family/ single family homes on acreage. All information is taken from the Multiple Listing Service.

Available Homes

# Available: 2097

# Vacant: 1001 (48%)

# Short Sale: 492 (24%)

# Bank Owned: 37 (2%)

Median Asking Price: $215,500

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Pending Sales

# Pending: 1223

Median Asking Price: $176,900

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Closed Sales – June 2011

# Closed: 657

# Short Sale: 99 (15%)

# Bank Owned: 212 (32%)

Median Sales Price: $150,000

Median Days on Market: 41

 

Closed Sales– June 2012

# Closed: 679

# Short Sale: 104 (15%)

# Bank Owned: 79 (12%)

Median Sales Price: $174,585

Median Days on Market: 24

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Boise Real Estate Market Still Going Strong!

As we settle into the dog days of summer we see the Real Estate market still going strong. July is typically a little slower due to summer vacations and the heat. While things seem to have slowed down a bit, the June numbers are showing a continuing healthy upward trend.

The number of Available Homes ticked up very slightly. This is due to an increase in new construction (hence the increase in vacant homes). Short sales are down and the number of bank owned homes is about the same from last month. However, we are seeing the asking price continue to go up (+ $7K) since last month and up from January’s $179.9K!

Pending Sales remain strong, down by just 42 with the Median Asking Price pulling back by $1K. I am expecting July Pending Sales to end strong though.

 A sign of low inventory is the Median Days on Market for sold homes. Last month it was 36 days, for June it was 24. We are looking at less than a month on market to get your home sold, not too shabby!

Number of Closed Homes was up and number of distressed properties continues going down. There was a $5K price decrease from last month but judging by the Pending Sales, I think we will see an increase in Median Sales Price for July.

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If  you would like additional information regarding the Boise Real Estate Market, please go to my website: www.BoiseRealEstateChick.com or send me an e-mail: mary@BoiseRealEstateChick.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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