Boise Real Estate Market Statistics-September 2016

Ada County September Market Statistics

Available Homes

# Available: 2213

# Vacant: 1331 (60%)

# Short Sale: 20 (1%)

# Bank Owned: 20 (1%)

Median Asking Price: $288,500

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Pending Sales

# Pending: 1423

Median Asking Price: $266,767

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Closed Sales—September 2015

# Closed: 859

# Short Sale: 13 (1%)

# Bank Owned: 20 (2%)

Median Sales Price: $232,500

Median Days on Market: 23

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Closed Sales—September 2016

# Closed: 1004

# Short Sale: 5 (<1%)

# Bank Owned: 8 (<1%)

Median Sales Price: $250,000

Median Days on Market: 15

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Real Estate Market is Flat!

In September we normally see a bit of a slowing down and that is what we are seeing now. Inventory is pretty flat at the moment with no real change to the number of available homes on the market. Although there was an increase in the Asking Price, up by $7K month over month.

Our Pending sales are down slightly from last month but are up from this same time last year. The limited inventory has not dampened the number of homes that are going under contract. This may actually be forcing some to hurry up and make offers before a home gets snatched up by another buyer.

The Closed sales are down by only 34 homes compared to last month. Once again though, the number of sales are much higher since last year (up by 145). The sales price is down by $3K month over month but up by $18K year over year. The distressed part of our market is all but gone! We had a total of 13 homes that were either short sales or bank owned.

We will soon see what the rest of the Fall season brings and how the elections will impact (or not) the real estate market!

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 Ave Suite 200-Meridian Idaho 83642

 

 


 


 

 

 

 

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