Canyon County Real Estate Market Statistics- June 2012

Below are the Canyon County Real Estate Market Statistics for  June 2012. Canyon County consists of Caldwell, Nampa, Middleton and surrounding areas. All numbers are based on single family/single family homes on acreage that are Available, Pending, or have Closed and are taken from data provided by the Intermountain Multiple Listing Service. 

 

June Market Statistics-2012

Available Homes

# Available: 985

# Vacant: 467 (47%)

# Short Sale: 340 (35%)

# Bank Owned: 51 (5%)

Median Asking Price: $125,000

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Pending Sales

# Pending: 514

Median Asking Price: $109,900

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Closed Sales – June 2011

# Closed: 346

# Short Sale: 76 (22%)

# Bank Owned: 176 (51%)

Median Sales Price: $83,075

Median Days on Market: 41

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Closed Sales– June 2012

# Closed: 254

# Short Sale: 54 (21%)

# Bank Owned: 46 (18%)

Median Sales Price: $102,576

Median Days on Market: 23

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Shifting into a Seller’s Market!

 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.

 Inventory has barely budged and the asking price remains the same. This holds true for all areas of Canyon County. We continue to see a decrease in distressed homes coming onto the market.

 The Pending Sales remain strong and are up a bit from last month. The Asking Price for these are up by $7K. I think we will see another jump in Closed Sales prices for July.

The number of Closed Sales was down slightly for June but the Sales Price is up dramatically. The Median Sales Price for May was $88.5K and for June it was $102,576. Pending Sales seem to be the marker for the next month’s Closed Sales, and if that is the case here, we could see $109K as next months  Closed Sales price!

Due to the low inventory we are seeing incredibly low Median Days on Market. Last month was 38 and is now at 23! It is safe to say that Canyon County has entered the Seller’s Market!

 If you would like additional information regarding the Canyon County Real Estate Market, please go to my web site: www.BoiseRealEstateChick.com or e-mail me: mary@BoiseRealEstateChick.com

 

 

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