Boise Real Estate Market Statistics-December 2016

Ada County December Market Statistics

Available Homes

# Available: 1519

# Vacant: 1135 (75%)

# Short Sale: 13 (1%)

# Bank Owned: 10 (1%)

Median Asking Price: $299,900

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Pending Sales

# Pending: 976

Median Asking Price: $276,832

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Closed Sales—December 2015

# Closed: 835

# Short Sale: 14 (2%)

# Bank Owned: 11 (1%)

Median Sales Price: $232,000

Median Days on Market: 29

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Closed Sales—December 2016

# Closed: 831

# Short Sale: 5 (1%)

# Bank Owned: 12 (1%)

Median Sales Price: $244,888

Median Days on Market: 24

—————————–

Happy New Year!!!

Happy New Year! May your 2017 be a healthy, happy, and prosperous New Year! If you are a home seller, 2017 is looking VERY good for you! If you are a buyer, not so much. Interest rates are going up and home prices are continuing to trend upwards as well! There are still some very well priced homes on the market, you just have to act quickly to get them!

Inventory is at an unbelievable low! We are now down to 1519 homes on the market. Demand continues to be high and amazingly the median asking price hasn’t skyrocketed just yet.

The Pending sales had a pretty good pullback in December, finally getting under the 1000 mark. Median Asking price went up by $16K though. We will see if that holds true for January’s sold prices.

The number of Closed sales was down by 38 and the sold price was pretty much flat. However, due to the low inventory, the Days on Market are still sitting at the under 24 day mark.

With the New Year starting off with such low inventory, now is a great time to sell your home! Contact me if you would like additional information.

Brokerage: Sivercreek Realty Group-1099 S Wells Ste. 200-Meridian ID 83642

 

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