Boise Real Estate Market Statistics for November 2012

Below are the Boise Real Estate Market statistics for November 2012. These numbers are based on the numbers from the Intermountain MLS f0r available, pending and closed sales. Numbers do not include condos or townhomes. Ada County consists of Boise, Meridian, Eagle, Kuna, ans Star.

Ada County November Market Statistics

Available Homes

# Available: 1873

# Vacant: 1029 (55%)

# Short Sale: 409 (22%)

# Bank Owned: 57 (3%)

Median Asking Price: $204,900


Pending Sales

# Pending: 889

Median Akign Price: $184,900


 Closed SalesNovember 2011

# Closed: 503

# Short Sale: 105 (21%)

# Bank Owned: 133 (26%)

Median Sales Price: $148,000

Median Days on Market: 46


Closed Sales– November 2012

# Closed: 571

# Short Sale: 87 (15%)

# Bank Owned: 54 (9%)

Median Sales Price: $177,400

Median Days on Market: 30


 Winter Market is Here!

Well it looks like our winter market is here! The Available inventory has gone down again with the median Asking Price staying about the same as last month (down by $1k). The number of Bank Owned homes on the market is down to only 57 (3 percent of the market). This time last year there were 158 Bank Owned homes available.

 Pending Sales continue to be on the decrease, also consistent with the winter market. However, the median Asking Price went up slightly for Ada County. We will see if this translates into an increase in the median Closed Sales price for December.

 The number of November Closed Sales was down but the median Sales Price was up. Year over year, 2012 has proven to be dramatically better than 2011. We have seen the number of distressed properties go down, the Sales Price go up and even the number of homes sold go up as well.

 All indications are that we will end 2012 very strong and that 2013 looks to be an even better year. Prices are expected to rise by about 4 to 7 percent, and interest rates are supposed to stay around the 3.75 percent mark for at least another 9 months. So, if you are thinking of buying or selling, 2013 may be the year to do so!

 Please go to my website for more information regarding the Boise area market:


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