Boise Real Estate Statistics- April 2013

Below are the Boise Real Estate statistics for the month of April 2013. These numbers are pulled from the Intermountain Multiple Listing Service for Active, Pending, and Sold single family homes/single family homes on acreage. The Boise area consists of Boise, Meridian, Eagle, Kuna, and Star, Idaho.

Boise Area- April 2013 Market Statistics

Available Homes
# Available: 1804
# Vacant: 920 (51%)
# Short Sale: 267 (15%)
# Bank Owned: 50 (3%)
Median Asking Price: $237,869

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Pending Sales
# Pending: 1388
Median Asking Price: $209,000

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Closed Sales – April 2012
# Closed: 668
# Short Sale: 141 (21%)
# Bank Owned: 95 (14%)
Median Sales Price: $158,245
Median Days on Market: 39

Closed Sales– April 2013
# Closed: 704
# Short Sale: 86 (12%)
# Bank Owned: 68 (10%)
Median Sales Price: $185,250
Median Days on Market: 20

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Spring Market Staying Strong!

The frantic pace that we saw in April has finally settled down a bit! Normally this time of year we see an increase in homes coming on the market. However, the inventory has only risen by 12 homes! Due to the lack of inventory, the median asking price is up by another $12K.

With the continued strong spring market, Pending Sales continue to rise as well. April was up (1388) from March’s 1239. And yes, another $10k increase in the Median Asking Price. Year over year the Median Asking Price is up by $29K!

Not surprisingly, the number of homes that Closed for April was up for both month over month, and year over year. What was a bit surprising was that the Median Sales Price remained relatively flat. The number of bank owned and short sales homes that closed was up and may be part of the reason that sold prices didn’t rise. If you look at the Median Days on Market, you can see how frantic the market was for April, it was down to 20 days. This means that homes were getting offers on them within 20 days of being on the market. Not sure the last time I have seen the Median DOM so low!

Please contact me if you would like to have an updated Current Market Analysis done for your home in the Boise area. You can either e-mail me: mary@BoiseRealEstateChick.com or go to my website: http://www.BoiseRealEstateChick.com

 

 

 

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