Archive for September 23rd, 2013

Boise Real Estate Market Statistics-August 2013

Below are the Boise Real Estate Market Statistics for August 2013. These numbers reflect single family/single family homes that are Available, Pending, or have Sold and is taken from the Intermountain Multiple Listing Services data.

Ada County August Market Statistics

Available Homes

# Available: 2466

# Vacant: 1260 (51%)

# Short Sale: 194 (8%)

# Bank Owned: 75 (3%)

Median Asking Price: $229,900

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Pending Sales

# Pending: 1074

Median Asking Price: $209,900

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Closed Sales—August 2012

# Closed: 736

# Short Sale:102 (14%)

# Bank Owned: 52 (7%)

Median Sales Price: $180,000

Median Days on Market: 25

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Closed Sales—August 2013

# Closed: 821

# Short Sale: 49 (6%)

# Bank Owned: 41 (5%)

Median Sales Price: $201,850

Median Days on Market: 21

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Good-bye Summer!

The last few months have been outstanding for real estate but our August numbers reflect a slowing down that started occurring in July. This is actually a good thing! The asking prices were moving up faster than the market could allow. I realize there are many who would like to see their home values go back to what they were during the height of the market. That wasn’t a healthy market nor was it sustainable, we certainly do not want to see a repeat!

Available inventory increased again this month as did the number of vacant homes. This is due to an increase in build jobs. Total number of distressed inventory remains at about 12 percent of the market.

Pending Sales are seeing a pullback but has stayed over 1000 for several months now. My guess is that it will stay around the 1000 mark until at least November.

Closed Sales are down from last month as is the Sales Price. We are also seeing the gap between last years sales numbers and this years getting much closer. My guess is that we will see almost identical sales numbers come the November time frame as well.

If you would like additional information regarding the Boise Real Estate Market please go to my website: www.BoiseRealEstateChick.com or e-mail me at mary@BoiseRealEstateChick.com

 

 

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