Archive for June, 2013

Boise Real Estate Market Statistics- May 2013

Below are the Boise Real Estate Market Statistics for May 2013. These numbers are from the Intermountain Multiple Listing Service for Available, Pending and Closed sales, single family/single family with acreage in the Boise, Idaho area.

Ada County May 2013 Market Statistics

Available Homes

# Available: 1880
# Vacant: 918 (49%)
# Short Sale: 229 (12%)
# Bank Owned: 49 (3%)
Median Asking Price: $239,900

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Pending Sales
# Pending: 1458
Median Asking Price: $216,530

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Closed Sales—May 2012
# Closed: 625
# Short Sale: 115 (18%)
# Bank Owned: 71 (11%)
Median Sales Price: $179,688
Median Days on Market: 35

Closed Sales—May 2013
# Closed: 822
# Short Sale: 59 (7%)
# Bank Owned: 40 (5%)
Median Sales Price: $194,995
Median Days on Market: 17

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Spring Market Ends Strong!

As the spring market comes to an end, it did so with strong numbers. The number of homes that sold in May are numbers that we have not seen since 2005/2006. As long as we can avoid the housing bubble of those years we should be alright!

Available inventory barely inched up by 76 homes. Not near enough to help meet buyer demand. The worrisome detail is that due to the lack of inventory many buyers are waiting for the “perfect” home and in the meantime interest rates are on the rise. For some, this could price them out of the market within the next few months.

As expected, the Pending Sales continued to do well. So did the median Pending Sales price! Up another $7500!

The number of Closed Sales are at historical highs. The percent of distressed homes fell by 10 percent month over month (22 percent in April and 12 percent in May). Only 40 homes that sold in May were Bank Owned and currently there are only 49 Bank Owned homes available for sale! We are getting to the point where I may not have to have the number of distressed homes in my statistics anymore! Now wouldn’t that be nice?!?

For more information regarding the Boise Real Estate Market or to contact me, please go to my website: www. BoiseRealEstateChick.com

 

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Canyon County – By the Numbers….April 2013

Canyon County-By the Numbers…

Number of homes on the market:
April 2011: 1309
April 2012: 926
April 2013: 933

Median Asking Price:
April 2011: $109,000
April 2012: $117,820
April 2013: $151,990

Number of Pending Sales:
April 2011: 470
April 2012: 481
April 2013: 596

Median Sold Price:
April 2011: $79,900
April 2012: $87,000
April 2013: $121,650

Number of Distressed Homes Sold:
April 2011: 230
April 2012: 164
April 2013: 77

The Canyon County area is still in need of decent inventory! Please, if you know anyone who is considering selling their home but they aren’t sure of what they could get, send me their info and I will gladly follow-up! I ALWAYS appreciate your referrals!
For more info, go to my website: http://www.BoiseRealEstateChick.com

By the Numbers…Boise Real Estate Market

By the Numbers…Boise Real Estate Market

Number of homes on the market:

April 2011: 2610
April 2012: 1908
April 2013: 1804

Median Asking Price:
April 2011: $170,497
April 2012: $199,900
April 2013: $237,869

Number of Pending Sales:
April 2011: 903
April 2012: 1151
April 2013: 1388

Median Sold Price:
April 2011: $135,000
April 2012: $158,777
April 2013: $185,250

Number of Distressed Homes Sold:
April 2011: 316
April 2012: 233
April 2013: 154

For more information regarding the Boise Real Estate market please go to my website: http://www.BoiseRealEstateChick.com

 

Canyon County Real Estate Market Statistics- April 2013

Below are the Canyon County Real Estate Market statistics for April 2013. These numbers reflect the single family/single family homes on acreage that are active, pending, or have sold in the Canyon County area during April 2013. Canyon County consists of Caldwell, Nampa, Middleton and the surrounding area. All data is from the Intermountain Multiple Listing Service.

Canyon County April 2013 Market Statistics

Available Homes
# Available: 933
# Vacant: 490 (53%)
# Short Sale: 167 (18%)
# Bank Owned: 39 (4%)
Median Asking Price: $151,990

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Pending Sales
# Pending: 596
Median Asking Price: $125,000

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Closed Sales – April 2012
# Closed: 279
# Short Sale: 78 (28%)
# Bank Owned: 89 (32%)
Median Sales Price: $87,300
Median Days on Market: 42

Closed Sales– April 2013
# Closed: 241
# Short Sale: 38 (16%)
# Bank Owned: 39 (16%)
Median Sales Price: $121,650
Median Days on Market: 2

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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 21 homes! Due to the lack of inventory, the median asking price is up by another $6K.

With the continued strong spring market, Pending Sales continue to rise as well. April was up (596) from March’s 465. Year over year the Median Asking Price is up by $45,100!

We have seen a slight pull back in the number of homes sold this month. With the decrease of distressed homes on the market we saw an increase in the sold price. The number of distressed homes this month on the market is down to 32 percent. This time last year, 60 percent of the homes sold were distressed.

With the decrease in active distressed listings and the overall lack of listings, it is pretty safe to say that Canyon County has finally entered the “normal” market!

If you would like to know what the current market value is on your home please contact me either by e-mail: mary@BoiseRealEstateChick.com or through my website: http://www.BoiseRealEstateChick.com

 

 

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