Boise Real Estate Market Statistics- April 2015

Ada County – April Market Statistics

Available Homes

# Available: 2260

# Vacant: 1198 (53%)

# Short Sale: 66 (3%)

# Bank Owned: 28 (1%)

Median Asking Price: $276,749

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Pending Sales

# Pending: 1420

Median Asking Price: $245,000

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Closed Sales—April 2014

# Closed: 686

# Short Sale: 29 (4%)

# Bank Owned: 42 (6%)

Median Sales Price: $207,900

Median Days on Market: 20

Closed Sales—April 2015

# Closed: 830

# Short Sale: 9 (1%)

# Bank Owned: 30 (4%)

Median Sales Price: $216,600

Median Days on Market: 18

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April Sales Stay Strong!

April continues the strong spring market! The Boise area saw an early start to its spring market and that is continuing now into April and should into May. Looking back to last April, I see that 2014 was a fairly quiet year. There was more inventory but lower sales numbers. This years active inventory is up month over month but still below last years level of 2464. Asking price is up this month by another $2K.

Pending Sales were up month over month (+195) and year over year (+304). The Asking Price was up by $10K month over month and +$20K year over year.

Closed sales saw another increase from last month (+116) and year over year (+144). Sales price decreased by $4K month over month but an increase of $10K year over year. We are also seeing that the median average Days on Market are staying at about the 18 to 20 day time frame. Pretty typical for the spring market.

We are not hitting “bubble” numbers yet! We have about 2 months of inventory (healthy is 6 months or less). At the height of the market it was 16 months! Inventory is moving fairly quickly but it depends on the area and the price point. So for the moment we are looking pretty good!

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

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

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