Boise Real Estate Market Statistics-November 2015

Ada County November Market Statistics

Available Homes

# Available: 2017

# Vacant: 1295 (64%)

# Short Sale: 63 (3%)

# Bank Owned: 26 (1%)

Median Asking Price: $275,990

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Pending Sales

# Pending: 1243

Median Asking Price: $249,900

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Closed Sales—November 2014

# Closed: 562

# Short Sale: 8 (1%)

# Bank Owned: 23 (4%)

Median Sales Price: $216,197

Median Days on Market: 35

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Closed Sales—November 2015

# Closed: 632

# Short Sale: 10 (2%)

# Bank Owned: 12 (2%)

Median Sales Price: $240,150

Median Days on Market: 22

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Happy Holidays!

As the year 2015 comes to a close, I want to wish you the very best during this holiday season and for a prosperous and healthy New Year!

As we head into the final month of the year, inventory continues to drop. We are down by 326 homes since last month! Of note is that in Meridian seventy four percent of the homes (415) available are vacant! Of those vacant homes 320 are new construction! The asking price has remained flat for the past three months.

Pending Sales were up by another 60 homes! We normally see a pull back in the market through the fall months but that has yet to happen. The median asking price was down though.

The number of Closed Sales did see a pull back from last month but year over year it is up. The Closed Sales Price was up by $12K month over month, and by $24K year over year. The Median Days on Market have not budged for the past few months, staying at 22. This is also unusual for this time of year. Normally homes sit a little longer going into the winter months so if we continue on this trend, we could see homes selling in a matter of days come spring!

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

Brokerage: Silvercreek Realty Group-1099 S Wells Ave Meridian ID 83642

 

 

 

 

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