Canyon County Real Estate Market Stats – January 2013

Below are Canyon County Real Estate Market Statistics for January 2013. The numbers are based upon data from the Intermountain MLS for single family/single family homes on acreage that are available, pending, or have sold. Canyon County consists of Nampa, Caldwell, Middleton and surrounding areas.

Canyon County January 2013 Market Statistics

Available Homes
# Available: 859
# Vacant: 507 (59%)
# Short Sale: 201 (23%)
# Bank Owned: 49 (6%)
Median Asking Price: $135,000

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Pending Sales
# Pending: 383
Median Asking Price: $109,900

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Closed Sales – January 2012
# Closed: 227
# Short Sale: 62 (27%)
# Bank Owned: 100 (44%)
Median Sales Price: $79,195
Median Days on Market: 42

Closed Sales– January 2013
# Closed: 153
# Short Sale: 26 (17%)
# Bank Owned: 36 (24%)
Median Sales Price: $107,450
Median Days on Market: 37

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Spring Market?!?

It may feel like winter but the spring market seems to be arriving early! Homes priced correctly are being snatched up in a matter of days as inventory continues to decline. Canyon County is down to just 875 homes available. Because of the lack of inventory and the buyer demand, the median asking price jumped $6k!

Pending sales increased this month as did the median asking price. I expect we will see an increase in Closed Sales for February as well as the Median Sales Price.

Closed Sales for January saw another decrease in the number of units sold. However, the median Closes Sales Price went up. We continue to see a decrease of distressed homes on the market. If we look at January 2012 we see that 71 percent of the homes that sold were distressed, while January 2013 is only 41 percent.

I do believe that if there were more homes available the Pending and Sold numbers would be higher. We are seeing a large number of buyers from California looking to move here over the next few months. Unfortunately there is not much inventory to show them. So, if you or someone you know are thinking about selling, please let me know! You can contact me either through my website: www.BosieRealEstateChick.com or by e-mail: mary@BosieRealEstateChick.com

 

 

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