Posts Tagged ‘ boise homes for sale ’

Boise Real Estate Market Statistics-June 2017

Ada County June Market Statistics

Available Homes
# Available: 1852
# Vacant: 1040 (56%)
# Short Sale: 8 (<1%)
# Bank Owned: 7 (<1%)
Median Asking Price: $338,000

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Pending Sales
# Pending: 1852
Median Asking Price: $297,865

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Closed Sales—June 2016
# Closed: 1204
# Short Sale: 5 (<1%)
# Bank Owned: 11 (1%)
Median Sales Price: $251,371
Median Days on Market: 10

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Closed Sales—June 2017
# Closed: 1240
# Short Sale: 1 (<1%)
# Bank Owned: 6 (1%)
Median Sales Price: $273,150
Median Days on Market: 8

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Spring Market going into the Summer!

The spring market now comes to an end with the June numbers. Really not much new going on! Inventory is up by a mere 32 homes and still staying under that 2000 mark. Not sure we will get above that this year!

Pending sales also rose just a bit, up by 54 homes. The Pending sales price was down by $2K though. However, we are way above what was pending last year at this time. That is up by over 400 homes year over year!

The number of Closed sales were up by another 200 month over month and by 36 for year over year. The Sales Price rose another $10K and is up $22K for year over year. Median Days on Market only went up by 1 day!

I have stated this before but even as crazy as the market may seem right now, it is still pretty steady. No big jumps in pricing, inventory is still low, demand is still high. Demand in the $300K and under market moves very quick though. Ask any buyer right now how many homes have they lost their offering bid to either a much higher bid or a cash offer?

As always, if you are thinking of buying or selling a home (or know someone who is) please contact me! I will be happy to help!

Brokerage-: Silvercreek Realty Group 1099 S Wells Suite 200 Meridian Idaho 83642

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Boise Real Estate Market Statistics-January 2017

Ada County January Market Statistics

Available Homes

# Available: 1381

# Vacant: 1038 (75%)

# Short Sale: 9 (1%)

# Bank Owned: 6 (<1%)

Median Asking Price: $304,209

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Pending Sales

# Pending: 1007

Median Asking Price: $284,900

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Closed Sales—January 2016

# Closed: 498

# Short Sale: 5 (1%)

# Bank Owned: 18 (4%)

Median Sales Price: $237,569

Median Days on Market: 33

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Closed Sales—January 2017

# Closed: 558

# Short Sale: 1 (<1%)

# Bank Owned: 16 (3%)

Median Sales Price: $239,794

Median Days on Market: 29


2017…

The January 2017 numbers are in and they are showing us some more historical lows and highs. Not sure how much longer the market will have this low inventory but we are down to a little over 1300 homes available in all of Ada County. The median asking price has finally gone over the $300K mark for the first time since I have been tracking it (over 7 years).

The Pending sales were slightly up in January as was the asking price. I do expect this trend to continue as we head into the Spring market.

The number of Closed sales was down by 273 homes from December. However, it is up from the numbers of January 2016. The Sales price was actually down by $5K month over month and more surprisingly, down by $2K year over year.

Are we heading into a bubble? Not that I can see. In order for this market to become a bubble we would need the prices to continue to rise and the inventory to out pace the demand like it did in 2006/2007. We are a long way from being there again!

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

 

 

 

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

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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

 

Boise Real Estate Market Statistics-November 2016

Ada County November Market Statistics

Available Homes

# Available: 1786

# Vacant: 1247 (70%)

# Short Sale: 12 (<1%)

# Bank Owned: 16 (1%)

Median Asking Price: $296,695

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Pending Sales

# Pending: 1204

Median Asking Price: $260,680

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Closed Sales—November 2015

# Closed: 654

# Short Sale: 10 (2%)

# Bank Owned: 12 (2%)

Median Sales Price: $240,150

Median Days on Market: 21

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Closed Sales—November 2016

# Closed: 869

# Short Sale: 4 (<1%)

# Bank Owned: 9 (1%)

Median Sales Price: $245,000

Median Days on Market: 21


Where are the Available Homes!

Inventory continues its shrinkage! We are now down to just 1786 of Available homes on the market. Even more note worthy is that 70 percent of those homes are vacant. Indicating that investors are moving their properties while the market demand is high.

The Pending sales continue to come down as is expected this time of year. I do think they would be a bit higher but our inventory just isn’t there. The median asking price hasn’t gone up though!

Closed sales were down slightly but up year over year. The Days on Market inched up to 21 but that is still pretty low for this time of year. Interesting to me is that even with the limited inventory the median closed sales price went down by $8K.

Once again I am restating this: Many people are afraid to list their homes during the winter months. However, this is usually the best time to list a home because competition is low and this year it is VERY low. So if you or someone you know are thinking of selling, PLEASE give me a call! I am here to help!

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

 

 

Boise Real Estate Market Statistics-October 2016

Ada County October Market Statistics

Available Homes

# Available: 1996

# Vacant: 1295 (65%)

# Short Sale: 18 (<1%)

# Bank Owned: 23 (1%)

Median Asking Price: $289,250

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Pending Sales

# Pending: 1352

Median Asking Price: $259,900

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Closed Sales—October 2015

# Closed: 818

# Short Sale: 9 (1%)

# Bank Owned: 14 (2%)

Median Sales Price: $228,900

Median Days on Market: 22

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Closed Sales—October 2016

# Closed: 902

# Short Sale: 3 (<1%)

# Bank Owned: 8 (1%)

Median Sales Price: $253,299

Median Days on Market: 15

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Inventory is Dropping Fast!

The current available inventory has dropped significantly since last month. It is now down by 247 homes and under the 2000 mark. For a point of reference, in 2010, the year before we hit bottom, the number of available homes was 3232. In 2012, the year after we hit bottom, the inventory was 2019. We are now below that at 1996 homes available!

The Pending sales are down by 71 homes from last month but still above last years total. Interestingly, the asking price has not really changed much being up by $2K year over year.

The Closed sales are down by 102 month over month but still ahead of year over year totals. The item to note in this months closed sales is the Days On Market (DOM). They are staying steady at 15 days. Typically this time of year we start seeing the mid 20’s to low 30’s time frame for days on market. We really have not gone over 15 DOM in the past six months. This really speaks to the fact that we just do not have enough inventory!

Many people are afraid to list their homes during the holiday/ winter months. However, this is usually the best time to list a home because competition is low and this year it is VERY low. So if you or someone you know are thinking of selling, PLEASE give me a call! I am here to help!

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 St-Suite 200-Meridian Idaho 83642

 

Boise Real Estate Market Statistics-August 2016

Ada County August Market Statistics

Available Homes

# Available: 2212

# Vacant: 1327 (60%)

# Short Sale: 23 (1%)

# Bank Owned: 20 (<1%)

Median Asking Price: $281,000

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Pending Sales

# Pending: 1529

Median Asking Price: $262,990

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Closed Sales—August 2015

# Closed: 879

# Short Sale: 7 (<1%)

# Bank Owned: 24 (3%)

Median Sales Price: $232,100

Median Days on Market: 19

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Closed Sales—August 2016

# Closed: 1038

# Short Sale: 4 (1%)

# Bank Owned: 7 (<1%)

Median Sales Price: $253,645

Median Days on Market: 15

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Summer Market Comes to an End!

The summer market is winding down as we see the real estate market slowing down a little. We are still way above last years numbers at this same time. There were only an additional 50 homes added to the market since last month so we aren’t seeing any big jumps in inventory. Asking price has pulled back a bit as well.

The number of Pending sales has continued to come down, as was expected after the crazy spring market. The median asking price was down by $6k month over month.

While the number of Closed sales came down (-42) month over month, we are still well above last years numbers by 160 homes. Sales price was up by $9K month over month and year over year it was up by $21K. Days on market are up to 15 which is still very low.

As we head into the fall I am expecting the inventory to remain fairly consistent with maybe a slight increase. We are still relatively low on available homes but even considering that I am not anticipating any price jumps. The market is healthy right now and should remain so until next spring.

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 St Suite 200-Meridian Idaho 83642

 

 

Boise Real Estate Market Statistics-May 2016

Ada County May Market Statistics

Available Homes

# Available: 2033

# Vacant: 1187 (58%)

# Short Sale: 29 (1%)

# Bank Owned: 17 (<1%)

Median Asking Price: $290,000

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Pending Sales

# Pending: 1814

Median Asking Price: $267,900

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Closed Sales—May 2015

# Closed: 933

# Short Sale: 11 (1%)

# Bank Owned: 20 (2%)

Median Sales Price: $228,000

Median Days on Market: 13

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Closed Sales—May 2016

# Closed: 1062

# Short Sale: 11 (1%)

# Bank Owned: 13 (1%)

Median Sales Price: $240,000

Median Days on Market: 10

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Seller’s Market Continues!

Normally by May we see a fairly significant increase in available homes on the market. Currently we are just over the 2000 mark. This low inventory is continuing to fuel the seller’s market and I don’t see any big changes in that as we head into the summer market.

The number of Pending Sales is up yet again, month over month. The Asking Price for the pending sales is up by $13K month over month as well. I am expecting this trend of increased Pending Sales to continue through out the summer.

Closed Sales were up by another 126 pushing it over the 1000 mark. Distressed Sales now make up less than 2% of the market. This is true for the Available homes as well. The Closed Sales price was flat though from last month but year over year it is up by $12K. Median Days on Market are down to 10 days!

I don’t want to sound like a broken record but I can’t emphasize this enough: if you are thinking of selling, now is the time! There is basically no competition! Yes, you would also have to buy at the peak of the market. However, if you plan on staying in your home for at least the next 5-7 years, it won’t matter! Give me a call if you want to see what you could get for you home in this market! We can discuss your buying options as well!

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 St. , Meridian, ID 83642

 

 

 

 

 

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