Boise Real Estate Market Statistics-February 2015

Boise, ID February Market Statistics

Available Homes

# Available: 1930

# Vacant: 1138 (59%)

# Short Sale: 74 (4%)

# Bank Owned: 42 (2%)

Median Asking Price: $264,900

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Pending Sales

# Pending: 1030

Median Asking Price: $239,900

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Closed Sales—February 2014

# Closed: 425

# Short Sale: 24 (6%)

# Bank Owned: 34 (8%)

Median Sales Price: $203,000

Median Days on Market: 52

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Closed Sales—February 2015

# Closed: 506

# Short Sale: 14 (3%)

# Bank Owned: 26 (5%)

Median Sales Price: $214,195

Median Days on Market: 39

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Spring Market is Starting

Spring is a little early this year and the current real estate market reflects that! Active, Pending, and Sold homes are all up!

Active listings are just under the 2000 mark and this probably as low as inventory is going to go for the next few months. Asking price is on the rise. Our current median asking price is at $264K. We may actually see it go over $300K before the end of the summer!

Pending Sales are now back over the 1000 mark and that too will continue to rise over the next few months. Interesting though that the median asking price for pending sales stayed flat.

Closed sales were up over the 500 mark. Up month over month as well as year over year. The median sold price was down by $8K month over month but was up by over $11K year over year.

This current market is definitely more active than last year. The combination of increase in traditional sales and new build jobs is something that was lacking in last years spring market. Add in the continued low interest rates, we now have buyers scrambling to find the best deals. Interesting spring market ahead for sure!

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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