Boise Real Estate Market Statistics for July 2012

Below are the Boise Real Estate Market Statistics for July 2012. These numbers reflect data from the Multiple Listing Service and are based on single family/ single family with acreage homes int he Ada County area.

Ada County July Market Statistics:

Available Homes

# Available: 2104

# Vacant: 1020 (49%)

# Short Sale: 472 (22%)

# Bank Owned: 47 (2%)

Median Asking Price: $209,900

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Pending Sales

# Pending: 1194

Median Asking Price: $184,950

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Closed Sales – July 2011

# Closed: 604

# Short Sale: 95 (16%)

# Bank Owned: 164 (27%)

Median Sales Price: $149,900

Median Days on Market: 41

 

Closed Sales– July 2012

# Closed: 629

# Short Sale: 100 (16%)

# Bank Owned: 56 (9%)

Median Sales Price: $171,990

Median Days on Market: 24

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Real Estate Market Settling Down!

July proved to be as slow as it usually is this time of year but we are still seeing a record number of pending sales. The thought is that we are leveling off after an absolutely crazy spring. This is good though, because we do not need to have a repeat of the housing market of 2006/2007.

 New inventory has been very slow to come onto the market. We saw a very small increase from June to July, mostly new construction.  The percentage of distressed homes for sale continues to decline, now at just 22 percent of the market. This same time last year, we had 33 percent of the market being distressed.

 Pending Sales remain strong, but are continuing to go down, as is typical for this time of year. Pending Sale prices are up significantly, $179.9K in June, $184.950 for July. 

 We saw a slight decrease in Sales Price for July Sales with the Median Days on Market staying at 24. However, there was a big decrease in the number of distressed properties that sold. In June we saw 183 and now July is at 156, a 3%percent decrease. Eagle, for the first time since I have been tracking for almost two years, had 0 (zero) bank owned properties sold. Not surprising since there are only 7 for sale!

 

 

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