Boise Real Estate Market Statistics-August 2015

Ada County August Market Statistics

Available Homes

# Available: 2452

# Vacant: 1360 (55%)

# Short Sale: 67 (3%)

# Bank Owned: 22 (<1%)

Median Asking Price: $269,900

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Pending Sales

# Pending: 1248

Median Asking Price: $249,999

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Closed Sales—August 2014

# Closed: 777

# Short Sale: 19 (2%)

# Bank Owned: 25 (3%)

Median Sales Price: $218,201

Median Days on Market: 29

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Closed Sales—August 2015

# Closed: 868

# Short Sale: 7 (1%)

# Bank Owned: 24 (3%)

Median Sales Price: $231,250

Median Days on Market: 19

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Closing Out the Summer!

As summer comes to a close, we see the market doing a slight pullback. This is typical for this time of year. Even so, historically we have a very healthy market. Comparing our lowest year in recent history, 2011, to our current market it is amazing to see the difference. August 2011 had 238 distressed homes sold and a median sales price of $153K. This August, there was a total of 31 distressed homes sold and the median sales price is at $231K. Quite a different market!

Looking at the current available inventory, we are down month over month and below last years numbers as well. Asking price is down month over month by -$5K but up b $12K year over year.

Pending sales while down month over month (-94) is still well above the last five years. This really does speak to the very active market we are having this year!

Closed sales are also telling the same story. We are down month over month (-168) but when we look at the year over year numbers we are up by +91. Sales price is up slightly month over month (+$1.25K) and year over year, +$12.2K. Days on market are up to 19 but still historically low. Last year at this time it was 30 days!

If you would like additional information regarding the Boise Real Estate Market, please go to my website: http://www.BoiseRealEstateChick.com

Brokerage: Silvercreek Realty Group 1099 S Wells Ste 200, Meridian Idaho 83642

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