Archive for the ‘ Canyon County Real Estate Statistics ’ Category

Canyon County Real Estate Market Statistics – March 2012

Below are the Canyon County Real Estate Market Statistics for March 2012. Canyon County is made up of Caldwell, Nampa, Middleton, and the surrounding smaller areas. These numbers are based on data from the Multiple Listing Service for single family/single family with acreage homes that are available, pending, or have sold.

Available Homes

# Available: 907

# Vacant: 430 (47%)

# Short Sale: 399 (44%)

# Bank Owned: 49 (5%)

Median Asking Price: $110,000

Inventory continues to go down (954 in February) but Asking Price went up ( $108.9K February). With the start of the spring market we will see if inventory goes up but so far it is not looking that way. This could mean a continued increase in the Asking Price and shorter days on market.

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Pending Sales

# Pending: 484

Median Asking Price: $98,950

Here again, we see Pending Sales are up as well as the Asking Price. In February, the number of Pending Sales was 405 and the Median Asking Price was $92,990.

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Closed Sales – March 2011

# Closed: 298

# Short Sale: 54 (18%)

# Bank Owned: 159 (53%)

Median Sales Price: $80,000

Median Days on Market: 57

 

Closed Sales– March 2012

# Closed: 234

# Short Sale: 67 (29%)

# Bank Owned: 78 (33%)

Median Sales Price: $83,450

Median Days on Market: 45

While the number of Closed Sales is down from Year over Year, we can see that the Median Price went up. The percentage of distressed Sold homes is way down from last year: 2011-71%, 2012-62%. This drop explains the increase in price, although it is down slightly from February ($85.6K). You will also notice that  the percentage of  short sales are on the increase while the percentage of bank owned are on the decrease.

Banks are now more willing to accept short sales (because they actually can recoup more money than they did with bank owned) so we anticipate an increase in these types of sales. This also means that we will see a continues rise in Asking and Sold Prices. It looks like the market here in the Canyon County area is actually on the mend and following the trend that has been in effect for the Boise area for the past 10 months.

If you would like additional information or would like to see what homes are currently going for in the Canyon County area, please go to my web site: www.BoiseRealEstateChick.com

 

Canyon County Real Estate Market Statistics for February 2012

Below are the Canyon County real estate  market statistics for February 2012. Canyon County consists of Caldwell, Nampa, Middleton, and the surrounding areas. All numbers are based on information taken from the Multiple Listing Service for Available, Pending Sales, and Closed Sales. The homes included are single family/single family with acreage. Condos and townhouses are not included.

 

Available Homes

# Available: 954

# Vacant: 461 (48%)

# Short Sale: 418 (44%)

# Bank Owned: 65 (7%)

Median Asking Price: $108,900

Inventory went up slightly with the Median Asking Price going up as well ($104,740 – January).

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Pending Sales

# Pending: 405

Median Asking Price: $92,990

Same story for the Pending Sales:  up slightly  (400 -January) and the Median Asking Price up slightly ($91,250 – January)

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Closed Sales – February 2011

# Closed: 251

# Short Sale: 48 (19%)

# Bank Owned: 150 (60%)

Median Sales Price: $79,900

Median Days on Market: 54

 

Closed Sales– February 2012

# Closed: 204

# Short Sale: 42 (21%)

# Bank Owned: 88 (43%)

Median Sales Price: $85,600

Median Days on Market: 47

Interestingly while the number of closings is down for year over year the Median Sales price is up nicely. This is also true for month over month ($79K – January).  The reason we may be seeing the Median Sales Price heading up is the number of distressed properties is going down.  Of the  251 Sold Properties in February 2011, 198 (79%)  were distressed, but this year for February, of the 204 that Sold, only 130 (64%) were distressed. That is a very nice drop and one the we need to see in order for the market to continue to mend!

If you would like to see what homes are going for in the Canyon County area, please go to my web site: http://www.BoiseRealEstateChick.com

 

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Canyon County Real Estate Statistics-January 2012

Below are the Canyon County Real Estate Market Statistics for January 2012. Canyon County consists of Caldwell, Nampa, Middleton and the surrounding area. All numbers are based on single family/single family with acreage from the Intermountain Multiple Listing Service (IMLS).

 

Available Homes

# Available: 933

# Vacant: 487 (52%)

# Short Sale: 389 (42%)

# Bank Owned: 66 (7%)

Median Asking Price: $104,740

Inventory went up a bit from December’s 888 and the Median Asking Price came down ($107,745 in December). Number of distressed properties available remains relatively the same from last month.

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Pending Sales

# Pending: 400

Median Asking Price: $91,250

Pending Sales are up from December’s 382 and the Median Asking Price is up as well ($85,250 in December)

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Closed Sales – January 2011

# Closed: 191

# Short Sale: 39 (20%)

# Bank Owned: 113 (59%)

Median Sales Price: $75,000

Median Days on Market: 56

 

Closed Sales– January 2012

# Closed: 219

# Short Sale: 59 (27%)

# Bank Owned: 98 (52%)

Median Sales Price: $79,000

Median Days on Market: 40

 

Good news is that the number of closings are up for year over year and for month over month as well (210 in December).  The Median Sales price is up also for year over and month over month ($78,578 in December). The market for Closed Sales is still dominated by distressed properties with 78% of Closed Sales being either a short sale or bank owned. In order for us to see these prices rebound in a meaningful way, the number of “regular” sales needs to increase and distressed to decrease. With the number of distressed properties that are available staying in the high 40% range, I think we are still at least a year out before we see that happening.

Looking at the past years Median Sales Price it looks like we may have seen bottom in May when the Sales Price was around $73K. Since then it has bounced around in the high $70K’s to low$80K’s.  With the Median Asking Price for Pending Sales at $91K, we may see an upward movement in Sales Price for February.

If you would like additional information regarding the Canyon County Real Estate Market, please go to my web site: http://www.BoiseRealEstateChick.com or e-mail me: mary@BoiseRealEstateChick.com

 

 

Canyon County Real Estate Market Statistics-December 2011

Below are the real estate market statistics for the Canyon County area, which consists of Caldwell, Nampa, Middleton, and the surrounding area. These numbers represent the available inventory, pending sales, and sold properties for December 2011. All data is from the Intermountain Multiple Listing Service for single family/single family with acreage.

Available Homes

# Available: 888

# Vacant: 445 (50%)

# Short Sales: 375 (42%)

#Bank Owned: 68 (8%)

Median Asking Price: $107,745

The available inventory continues to go down (999 in November) while the percent of distressed properties on the market rose back to 50% (48% in November, 50% in October).  Median Sales Price is down slightly from November’s $109.9k.

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Pending Sales

# Pending: 382

Median Asking Price: $85,250

The number of pending sales is down from November’s 407 but the asking price is up from November’s $82,500.

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Closed Sales – December 2010

# Closed Sales: 243

# Short Sales: 33 (14%)

# Bank Owned: 149 (61%)

Median Sales Price: $79,500

Median Days on Market: 49

Closed Sales – December 2011

# Closed Sales: 210

# Short Sales: 54 (26%)

# Bank Owned:  109 (52%)

Median Sales Price: $78, 500

Median Days on Market: 30

December closed sales is down both month over month (233 November) and year over year (see above). The median sales price is down from November’s $85k and only off by $1k for year over year. The percentage of properties that sold this month that were distress sales is up by 11%. This would also explain the lower sales price with 52% of the sales being Bank Owned. The median days on market is down from November’s 42.

Overall, while not a great month, December 2011 held steady considering that it is usually a slower sales month than November. We will see how January shapes up but all current indications point to a positive month ahead! If you would like additional information or would like to see what properties in the Canyon County area are currently going for, please go to my website: www.BoiseRealEstateChick.com or e-mail me : mary@BoiseRealEstateChick.com   

 

Canyon County Real Estate Market Statistics-Nov. 2011

Below are the Canyon County Real Estate Market Statistics for November 2011. Canyon County consists of Caldwell, Nampa, Middleton, and surrounding area. These numbers are from the Multiple Listing Service for single family/single family with acreage.

Available Homes

# Available: 999

# Vacant: 499 (50%)

# Short Sale: 404 (40%)

# Bank Owned: 75 (8%)

Median Asking Price: $109,900

Available inventory continues to drop which is a very good thing to see for the Canyon County area. Number of bank owned properties is down from October (113). Median Asking Price is off by $100 ($110K in October).

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Pending Sales

# Pending: 407

 Median Asking Price: $82,500

Number of Pending Sales is identical to October’s but the Median Asking Price is down by $4.5K.

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Closed Sales – November 2010

# Closed: 237

# Short Sales: 42 (18%)

# Bank Owned: 131 (55%)

Median Sales Price: $80K

Median Days on Market: 60

Closed Sales – November 2011

# Closed: 233

# Short Sales: 53 (23%)

# Bank Owned: 102 (44%)

Median Sales Price: $85K

Median Days on Market: 42

The number of Closed Sales is within 5 of last years numbers but the percentage of distressed properties is down nicely: 67% of the sales were distressed in November 2011, and 73% in 2010.  Another really good thing to see is the increase in the Median Sales Price for year over year ($80K in  2010) and month over month ($82K in October 2011). It has been a long time since we have seen an increase in the Median Sales Price for both year over year and month over month!

If you would like to see additional information regarding the Canyon County Real Estate Market fo to my website (no sign in required): www.BoiseRealEstateChick.com or send me an e-mail: mary@BoiseRealEstateChick.com

 

Canyon County Real Estate Market Stats-October 2011

Below are the Canyon County Real Estate Market Statistics for October 2011. These numbers reflect Available, Pending, and Closed Sales for single family/single family homes with acreage in the Canyon County area (Caldwell, Nampa, Middleton, and surrounding area). All numbers are based on information from the Intermountain Multiple Listing Service.

Available Homes

# Available: 1003

# Vacant: 482 (48%)

# Short Sales: 392 (39%)

# Bank Owned: 113 (11%)

Median Asking Pice: $110K

Inventory for the Canyon County area continues to drop (1058 in September). If we take the number of contingent short sales (meaning these homes are already in contract waiting lender approval) there are only 765 properties available. The percentage of distressed properties on the market is down as well (total of 52% in September).

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Pending Sales

# Pending: 407

Median Asking Price: $87K

Number of pending sales is slightly down from September’s 428 but the Median Asking Price is up from $85,150.

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Closed Sales- October 2010

# Closed: 238

# Short Sales: 31 (13%)

# Bank Owned: 126 (53%)

Median Sales Price: $89.9K

Median Days on Market: 45

Closed Sales – October 2011

# Closed: 272

# Short Sales: 74 (27%)

# Bank Owned: 130 (48%)

Median Sales Price: $82K

Median Days on Market: 41

Year over year the number of sales are up as are the month over month numbers (251 in September). Year over year the median sales price is getting closer, and month over month is up ($79.5k in September). 75% of the Closed Sales for October were distressed properties, which is up from last months 68% and year over year’s 66%..

Good news is that distressed properties are getting moved through the system as the percentage of distressed properties that are coming on the market are going down. 52% of the available properties in September were distressed and in October that percentage is 50%. As we continue to see the inventory numbers drop and the demand holding steady, prices should start to increase. Buyers, now is the time!

If you would like to see current listings in the Canyon County area please go to my web site (no sign in required) : www.BoiseRealEstateChick.com or e-mail me: mary@BoiseRealEstateChick.com

Canyon County Real Estate Market Statistics-September 2011

Below are the real estate market statistics for Canyon County-September 2011. Canyon County consists of Caldwell, Middleton, Nampa, and surrounding areas. All numbers are from the MLS and represent single family/single family with acreage homes.

Available Homes

# Available: 1058

# Vacant: 490 (46%)

# Short Sale: 438

# Bank Owned: 110

Median Asking Price: $112,700

Inventory is down compared to August’s 1,111 and there is a slight decrease in Median Asking Price ($113.9K- August)

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Pending Sales

# Pending: 428

Median Asking Price: $85,150

Pending sales are down from August’s 432 but the Median Asking Price is exactly the same.

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Closed Sales

# Closed: 251

# Short Sale: 65

# Bank Owned: 107

Median Sales Price: $79,500

Median Days on Market: 52

The number of Closed Sales are down from last month’s 283 but the Median Sales Price went up from $78,500. The Closed Sales Price is inching back up to year over year numbers ($82,400 in September of 2010). The percentage of distressed properties dropped year over. 74% of the properties sold in September 2010 were distressed, for September 2011 that number was 68%.

Canyon County looks like it is still several months away before there is any meaningful recovery. The good news is that the monthly slide has slowed. With the number of available homes continuing to decrease and the interest rates at historic lows, now has never been a better time to buy a home! If you would like additional information on homes that are available in Canyon County please go to my web site (no sign in required): www.BoiseRealEstateChick.com

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