Boise Real Estate Market Statistics-September 2014

Ada County September Market Statistics

Available Homes

# Available: 2726

# Vacant: 1597 (59%)

# Short Sale: 40 (1%)

# Bank Owned: 59 (1%)

Median Asking Price: $249,900

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Pending Sales

# Pending: 927

Median Asking Price: $229,889

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Closed Sales—September 2013

# Closed: 720

# Short Sale: 36 (5%)

# Bank Owned: 24 (3%)

Median Sales Price: $195,000

Median Days on Market: 21

 

Closed Sales—September 2014

# Closed: 672

# Short Sale: 12 (2%)

# Bank Owned: 34 (5%)

Median Sales Price: $204,900

Median Days on Market: 27

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Fall Is Upon Us!

The leaves aren’t the only things dropping this month! Inventory saw a little bit of a pull back. It is down by over 200 homes from last month. This is good news because it would not have been healthy for the market to head into the winter months with high inventory. Builders are still busy with 32 percent of the market being new homes. (Of the 1597 vacant homes more than 54 percent are the new homes.) As we head into the colder, wetter months we should see a substantial pullback on new build jobs though.

Pending Sales were down again by about 29 homes and the asking price remained flat. With the activity that I have seen personally in September, I am thinking the number of Pending Sales will actually go up for October. The market had about a three week surge of activity!

Closed Sales were down month over month but so was the Sales Price. That was down by $14K month over month but was up by $10K year over year. Item of note was distressed sales in Eagle, down to zero! That is correct! Closed Sales for Eagle had not a single distressed property in the mix. Now that is what I call a “traditional” market!

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

Brokerage is  Silvercreek Realty Group, 1099 S Wells St. Ste #200, Meridian, ID 83642

 

 

 

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