Posts Tagged ‘ Boise Idaho ’

Boise Real Estate Market Statistics -August 2018

Ada County August Market Statistics

Available Homes
# Available: 1671
# Vacant: 1097 (66%)
# Short Sale: 4 (<1%)
# Bank Owned: 2 (<1%)
Median Asking Price: $374,460

Pending Sales
# Pending: 1553
Median Asking Price: $345,000

Closed Sales—August 2017
# Closed: 1080
# Short Sale: 2 (<1%)
# Bank Owned: 4 (<1%)
Median Sales Price: $277,975
Median Days on Market: 12

Closed Sales—August 2018
# Closed: 1043
# Short Sale: 1 (<1%)
# Bank Owned: 4 (<1%)
Median Sales Price: $330,000
Median Days on Market: 8


Heading into Fall…

Inventory continues to increase, up by 159 homes since last month. This is a good thing since we need more inventory to help stabilize the prices. Home values going up to quickly is not a good thing for several reasons: first it is not sustainable especially if local incomes do not rise with it. Secondly, as a home owner these increases in home values will be reflected in your June 2019 taxes. Some will have a bit of sticker shock when the tax assessment arrives.

Something new we did see in August was that for the first time in 18 months we have less homes sold year over year. It is only down by 37 from last year but it is the first time we have seen a lower year over year total. Could just be an anomaly but worth watching to see if the same holds true for September.

Prices for sold homes is way up from this time last year though. The median sales price in August 2017 was $277,975. This year it is $330,000. That is a $52,000 increase! Anyone who bought this time last year are looking at some nice equity in their homes already!

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

All statistics are taken from the information provided by the Intermountain MLS

Advertisements

Boise Real Estate Market Statistics-April 2018

Ada County
April Market Statistics

Available Homes
# Available: 1204
# Vacant: 804 (67%)
# Short Sale: 3 (<1%)
# Bank Owned: 3 (<1%)
Median Asking Price: $396,475

Pending Sales
# Pending: 1937
Median Asking Price: $328,000

Closed Sales—April 2017
# Closed: 884
# Short Sale: 2 (<1%)
# Bank Owned: 7 (1%)
Median Sales Price: $252,769
Median Days on Market: 7

Closed Sales—April 2018
# Closed: 914
# Short Sale: 0 (0%)
# Bank Owned: 3 (<1%)
Median Sales Price: $296,900
Median Days on Market: 6


April Showers…

As we head into the full Spring Market we finally see an increase in Available Inventory. Okay so it is only up by 53 homes but at least we did not continue to slide backwards. Median asking price is up by $15K to $396K., slowly inching our way to the $400K mark.
Interesting to note is that in the past year the median asking price has normally gone up by $3K-$5K each month. Then in January 2018 the price jumped by over $20K and then up by another $10K in February, holding steady in March and now jumping again another $15K.

That being said, while we saw the Median Sales price for Sold homes go over the $300K for last month, it actually came down by $10K. I do think that we will see some fluctuation in and around the $300K range until that price is the new bottom.
Inventory is still too low so if you are thinking of selling or know someone who is, please contact me for a free Comparable Market Analysis (CMA).

Brokerage: Silvercreek Realty Group 1099 S Wells St Suite 200, Meridian ID 83642

 

Boise Real Estate Market Statistics-December 2017

Ada County December Market Statistics

Available Homes
# Available: 1436
# Vacant: 1101 (77%)
# Short Sale: 6 (<1%)
# Bank Owned: 6 (<1%)
Median Asking Price: $349,416

Pending Sales
# Pending: 1150
Median Asking Price: $314,027

Closed Sales—December 2016
# Closed: 835
# Short Sale: 5 (<1%)
# Bank Owned: 12 (1%)
Median Sales Price: $244,888
Median Days on Market: 24

Closed Sales—December 2017
# Closed: 857
# Short Sale: 2 (<1%)
# Bank Owned: 4 (<1%)
Median Sales Price: $275,716
Median Days on Market: 16

Happy New Year 2018!

Happy New Year! Hoping everyone’s holiday’s were happy and healthy, and that 2018 brings much health and blessings!
Active listings in the Ada County area are at record lows! I feel like I am saying this almost every month but we manage to continue to have shrinking inventory. We are at a point that the National Association of Realtors are calling this an inventory crisis! The next few months will tell us if we start to move out of it or if the shortage continues.
Speaking with other realtors from around the valley, we are all having a very similar problem, and that is no listings! Even though many sellers could easily sell for a profit, most fear not being able to find another home to move to. While this is a tough position to be in, if you are ready to move, putting your home on the market now will maximize how much you get for your home. You may have to become a renter for a little bit but you will find a home you want and you won’t feel rushed into making an offer just so you have a place to live!
If you would like to know how much your home may be worth, send me an e-mail or text and I will get you a Current Market Analysis right


 

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

—————————————————-

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

—————————————————–

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

——————————————————

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

—————————————————————————————————————————————–

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

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

————————–

Pending Sales

# Pending: 1243

Median Asking Price: $249,900

————————–

Closed Sales—November 2014

# Closed: 562

# Short Sale: 8 (1%)

# Bank Owned: 23 (4%)

Median Sales Price: $216,197

Median Days on Market: 35

————————

Closed Sales—November 2015

# Closed: 632

# Short Sale: 10 (2%)

# Bank Owned: 12 (2%)

Median Sales Price: $240,150

Median Days on Market: 22

————————-

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

 

 

 

 

Boise Real Estate Market Statistics-September 2015

Ada County September Market Statistics

Available Homes

# Available: 2427

# Vacant: 1358 (56%)

# Short Sale: 67 (3%)

# Bank Owned: 27 (1%)

Median Asking Price: $275,900

——————————————

Pending Sales

# Pending: 1235

Median Asking Price: $254,900

——————————————-

Closed Sales—September 2014

# Closed: 698

# Short Sale: 12 (2%)

# Bank Owned: 34 (5%)

Median Sales Price: $202,495

Median Days on Market: 27

——————————————

Closed Sales—September 2015

# Closed: 839

# Short Sale: 13 (1%)

# Bank Owned: 20 (3%)

Median Sales Price: $230,000

Median Days on Market: 25

——————————————

Let Fall Begin!

September numbers for the real estate market look a lot like Augusts. There was no big movement up or down in any of the categories. However, with inventory going down, prices will continue to move up. As we head into the winter months, if prices continue to inch up, our spring market is going to see a pretty substantial increase in pricing. Buyers that are thinking about purchasing should probably do so within the next few months while interest rates are still low and prices somewhat affordable!

Inventory for August was down slightly but asking price was up by $7K month over month. The distressed market (short sales and bank owned) is almost non-existent (less than 4 percent) which in turn is helping the increase in pricing.

Pending sales continue their pullback but not by much! Usually by this time of year we are under 1000 but as of right now we are staying above that. It will be interesting to see where we are at the end of November. If we continue over 1000 at that point, it will be record-setting!

Closed sales saw a slight decrease and sales price was relatively flat month over month. But year over year is a totally different story! This time last year the number of closed sales was 698 and the sales price was $202K. September 2015 is well above that!

If your would like 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 Ste 200 Meridian Idaho 83642

Boise Real Estate Market Statistics-July 2015

Ada County July Market Statistics

Available Homes

# Available: 2491

# Vacant: 1339 (53%)

# Short Sale: 73 (3%)

# Bank Owned: 39 (1%)

Median Asking Price: $274,988

——————————————

Pending Sales

# Pending: 1342

Median Asking Price: $248,330

——————————————-

Closed Sales—July 2014

# Closed: 859

# Short Sale: 12 (1%)

# Bank Owned: 35 (4%)

Median Sales Price: $214,503

Median Days on Market: 22

Closed Sales—July 2015

# Closed: 1036

# Short Sale: 12 (1%)

# Bank Owned: 14 (1%)

Median Sales Price: $230,000

Median Days on Market: 17

——————————————

Lazy Days of Summer, Not So Much!

While we typically see a pullback during the summer months, currently we are seeing a mildly tempered market. There is some downward trending but it is not very significant. The real estate market is still pretty active for this time of year.

Inventory inched up by +30 homes and the median asking price dropped by only $2K. We are not seeing any significant increases in building and with wet weather season (October-November) approaching, inventory will start to drop. However, I do not see pricing going too much lower than it is now. The thing we are watching for is whether or not the feds will raise interest rates. This has been the threat for several years now and nothing ever comes of it, so we will wait and see.

Pending Sales saw a slight pull back month over month (-63) but we are still way higher (+400) then we were this time last year. This tells me that our Closed Sales for the next few months are going to continue to outpace the previous year!

The number of Closed Sales was down by –14 month over month but year over year they were up by +177. Median Sold Price was flat month over month but up by +$15.5K year over year. A trend I expect to see continue for the next several months!

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

Brokerage is Silvercreek Realty Group-1099 S Wells St Ste. 200, Meridian ID 83642

Advertisements
%d bloggers like this: