Posts Tagged ‘ Boise Idaho ’

Boise Real Estate Market Statistics-June 2015

Ada County June Market Statistics

Available Homes

# Available: 2461

# Vacant: 1329 (54%)

# Short Sale: 73 (3%)

# Bank Owned: 32 (1%)

Median Asking Price: $276,500

——————————————-

Pending Sales

# Pending: 1405

Median Asking Price: $244,900

——————————————

Closed Sales—June 2014

# Closed: 828

# Short Sale: 17 (2%)

# Bank Owned: 38 (5%)

Median Sales Price: $217,000

Median Days on Market: 20

Closed Sales—June 2015

# Closed: 1050

# Short Sale: 13 (1%)

# Bank Owned: 20 (2%)

Median Sales Price: $229,950

Median Days on Market: 17

—————————————–

Summer Market Begins!

June starts the official summer market even though the first two weeks reflect the spring market! Mid-June to mid-September reflect the true summer market. No matter how we look at it, the market is continuing its hot trend!

Available homes increased by another 125, however we are still well below last years numbers. Activity in the market is much higher and the inventory is lower fueling this current market. While month over month median asking price is down by $2K, year over year is up by almost $20K.

While we see a slight pull back in Pending Sales month over month (down by 99) we are still well above last years by almost 400. We peaked in May and will continue to see the Pending Sales decrease but historically we are still above our normal.

Closed Sales were up month over month and for year over year. Closed Sales price was up by $1.5K month over month and up by $12K year over year. The Median Days on Market are at 15, meaning it takes about 15 days for a home to get an accepted offer. Anything less than 25 is a fast-moving market!

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 Well St Ste. 200, Meridian, ID 83642

Advertisements

Boise Real Estate Market Statistics-May 2015

Ada County May Market Statistics

Available Homes

# Available: 2336

# Vacant: 1251 (54%)

# Short Sale: 74 (3%)

# Bank Owned: 30 (1%)

Median Asking Price: $278,852

——————————————

Pending Sales

# Pending: 1504

Median Asking Price: $242,270

——————————————-

Closed Sales—May 2014

# Closed: 807

# Short Sale: 22 (2%)

# Bank Owned: 29 (4%)

Median Sales Price: $209,000

Median Days on Market: 17

Closed Sales—May 2015

# Closed: 918

# Short Sale: 11 (1%)

# Bank Owned: 20 (2%)

Median Sales Price: $228,000

Median Days on Market: 13

—————————————–

May Continues the Strong Market!

We ended May with a real estate market that is one of the strongest I have seen in years. While I am expecting slightly lower numbers in June, it won’t be by much!

Inventory was up a little (+76) and asking price was up by $2K. Homes are moving pretty quick primarily because there really isn’t a lot of inventory to pick from. This time last year there were over 2600 homes on the market versus this years 2300!

The big story is in the number of Pending Sales for May! Currently there are 1504 pending! I have been tracking the market for 6 years now and this is the highest number of pending sales in that time period!

Not surprisingly, the number of closed sales was up as well for both month over month and year over year. Sold price was up by $12K ($228K) from last month and by $20K from last year. The median time on market is down to 13 days! Not sure we will go any lower than that for June but we will see!

Looking at the market historically, this year may go down in the books as the height of the market for this real estate cycle! Next year is an election year and that usually causes a pull back in the market. So if you are ready to sell, make it this year!

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

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

Boise Real Estate Market Statistics- April 2015

Ada County – April Market Statistics

Available Homes

# Available: 2260

# Vacant: 1198 (53%)

# Short Sale: 66 (3%)

# Bank Owned: 28 (1%)

Median Asking Price: $276,749

——————————————

Pending Sales

# Pending: 1420

Median Asking Price: $245,000

——————————————-

Closed Sales—April 2014

# Closed: 686

# Short Sale: 29 (4%)

# Bank Owned: 42 (6%)

Median Sales Price: $207,900

Median Days on Market: 20

Closed Sales—April 2015

# Closed: 830

# Short Sale: 9 (1%)

# Bank Owned: 30 (4%)

Median Sales Price: $216,600

Median Days on Market: 18

—————————————–

April Sales Stay Strong!

April continues the strong spring market! The Boise area saw an early start to its spring market and that is continuing now into April and should into May. Looking back to last April, I see that 2014 was a fairly quiet year. There was more inventory but lower sales numbers. This years active inventory is up month over month but still below last years level of 2464. Asking price is up this month by another $2K.

Pending Sales were up month over month (+195) and year over year (+304). The Asking Price was up by $10K month over month and +$20K year over year.

Closed sales saw another increase from last month (+116) and year over year (+144). Sales price decreased by $4K month over month but an increase of $10K year over year. We are also seeing that the median average Days on Market are staying at about the 18 to 20 day time frame. Pretty typical for the spring market.

We are not hitting “bubble” numbers yet! We have about 2 months of inventory (healthy is 6 months or less). At the height of the market it was 16 months! Inventory is moving fairly quickly but it depends on the area and the price point. So for the moment we are looking pretty good!

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. Ste 200, Meridian, ID 83642

Boise Real Estate Market Statistics- March 2015

Boise, ID March Market Statistics

Available Homes

# Available: 2054

# Vacant: 1141 (55%)

# Short Sale: 64 (3%)

# Bank Owned: 35 (2%)

Median Asking Price: $274,900

—————————————–

Pending Sales

# Pending: 1225

Median Asking Price: $234,900

——————————————

Closed Sales—March 2014

# Closed: 601

# Short Sale: 30 (5%)

# Bank Owned: 41 (7%)

Median Sales Price: $197,500

Median Days on Market: 32

—————————————-

Closed Sales—March 2015

# Closed: 714

# Short Sale: 18 (2%)

# Bank Owned: 30 (4%)

Median Sales Price: $220,750

Median Days on Market: 22

—————————————–

March Came Roaring In!

March came roaring in like a lion for sure! Everything is up and days on market are way down! Ask any buyer who is trying to bid on a home right now, being quick is key!

Active listings are now over the 2000 mark as inventory will continue to grow over the next few months. However, compared to last year, the current inventory is still lower, which is why we are seeing the price increases. Asking price jumped up another $10K from last month, now at $274K, and is up $30K since this same time last year!

Pending Sales jumped up by another 195 and well above last years numbers. Even though the Asking Price is down by $5K month over month, it is up by $10K year over year.

Closed sales saw a huge jump! 708 homes sold, that is 200 more homes than last month, and 100 more than this same time last year! Median Sales Price was up by $6K month over month and up by over $23K since last year!

My advise to buyers and sellers! If you are thinking about buying or selling a home right now, do it now! Interest rates are still extremely low but home prices are going up. Don’t get priced out of the market. And seller’s, market is super hot. Priced right, and move in ready homes are going in days, some with multiple offers!

If you would like more 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

Boise Real Estate Market Statistics-February 2015

Boise, ID February Market Statistics

Available Homes

# Available: 1930

# Vacant: 1138 (59%)

# Short Sale: 74 (4%)

# Bank Owned: 42 (2%)

Median Asking Price: $264,900

——————————————

Pending Sales

# Pending: 1030

Median Asking Price: $239,900

——————————————-

Closed Sales—February 2014

# Closed: 425

# Short Sale: 24 (6%)

# Bank Owned: 34 (8%)

Median Sales Price: $203,000

Median Days on Market: 52

—————————————–

Closed Sales—February 2015

# Closed: 506

# Short Sale: 14 (3%)

# Bank Owned: 26 (5%)

Median Sales Price: $214,195

Median Days on Market: 39

——————————————

Spring Market is Starting

Spring is a little early this year and the current real estate market reflects that! Active, Pending, and Sold homes are all up!

Active listings are just under the 2000 mark and this probably as low as inventory is going to go for the next few months. Asking price is on the rise. Our current median asking price is at $264K. We may actually see it go over $300K before the end of the summer!

Pending Sales are now back over the 1000 mark and that too will continue to rise over the next few months. Interesting though that the median asking price for pending sales stayed flat.

Closed sales were up over the 500 mark. Up month over month as well as year over year. The median sold price was down by $8K month over month but was up by over $11K year over year.

This current market is definitely more active than last year. The combination of increase in traditional sales and new build jobs is something that was lacking in last years spring market. Add in the continued low interest rates, we now have buyers scrambling to find the best deals. Interesting spring market ahead for sure!

For more 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

Boise Real Estate Market Statistics -October 2013

Boise Area – October 2013
Available Homes
# Available: 2541
# Vacant: 1426 (56%)
# Short Sale: 195 (8%)
# Bank Owned: 68 (3%)
Median Asking Price: $225,000

—————————————-

Pending Sales
# Pending: 896
Median Asking Price: $219,900

—————————————

Closed Sales—October 2012
# Closed: 652
# Short Sale: 90 (14%)
# Bank Owned: 66 (10%)
Median Sales Price: $175,000
Median Days on Market: 30

Closed Sales—October 2013
# Closed: 621
# Short Sale: 31 (5%)
# Bank Owned: 23 (4%)
Median Sales Price: $214,900
Median Days on Market: 26

————————————

Inventory rose a bit again as did vacancies. All due to new home construction! The asking price came down another $5k from last month. I am expecting inventory to level off for the next few months as the holidays and weather slow the market down a little.

The number of Pending Sales continues its downward trend as is typical for this time of year. Pending asking price is down a bit as well. This will probably translate into lower closed sales prices for November closings.

The number of Closed Sales are down not only month over month but year over year. Median sales prices went up though, due to a decrease of homes sold in the under $100k price range and an increase in the over $400k range. I don’t expect that trend to continue!

—————————————————————————

Is it time to refinance?

If your mortgage interest rate is higher than 4 percent, you may want to consider refinancing. A fifteen year mortgage is currently going for around 2.75 percent. You may pay more per month but over the life of the loan you will save yourself tens of thousands of dollars. Even if you do not stay in your home another 15 years, you will still pay down the loan faster giving you more equity when you do sell. Contact me for more info by going through my website: www.BoiseRealEstateChick.com or my e-mail: mary@BoiseRealEstateChick.com

 

 

 

Household Chore Checklist for the Holidays

Well it’s that time of year again, and boy did it get here fast! Thanksgiving is only a week away and Christmas a month after that. I was going to be so on top of things this year. I promised myself that I would split Christmas shopping into several months to avoid the huge bill in January. Instead I have not done any shopping and actually I am still doing fall yard work which will become spring yard work by the time I am done!

Since there is still a little time left before Christmas, I thought I would share some tips I came across on http://RISMedia.com regarding getting your home in order for the holidays.

1. Have your chimney professionally serviced. For those of us in cooler climates during the winter, fireplace season is almost upon us . (And if the weather forecast is correct, Boise, ID is in for a very cold weekend!) Leaves, soot, left over debris, and yes, even small animals (yuck) can prevent proper ventilation and cause a fire if ignored.

2. Protect your home from power lines. Most newer homes have underground power and telephone lines, but in older areas the power lines run from the street to the house. If there are trees nearby, make sure that they have been properly pruned back so that if there is heavy snow or wind, the tree branches don’t take down the power line. Check with your local power company to see whose responsibility it is to do this.

3. Equip your home with several well placed fire extinguishers. With the nice clean fireplace roaring and the well-lit Christmas tree sitting near by, there is a potential for an unplanned fire! Cooking fires are also an issue during the holidays so be sure to have an extinguisher in the kitchen as well.

4. Protect your pets. As we all know, pets are very much like naughty small children and can get into a bit of trouble.  Especially with the temptations that a Christmas tree presents with dangling lights and ornaments. If at all possible, put up a childs gate to prevent them from getting near the tree when you are not around and good luck with the cats!

5. Protect your home from afar. While you may want to let all your friends know that you are getting out-of-town and to some place warmer, it may be best to wait until you get home to brag about it. Don’t post on Facebook or Twitter that you will be gone, you have no idea who may be reading your posts. Also, put light timers on so that at various times through-out the evening, one room or another is lit to give the effect that someone is home. Have your mail and newspaper held, so that they don’t pile up and announce “nobody’s home”.

Most of all, enjoy the holidays with your family and friends. Time goes much too quickly and it won’t be long before we are getting ready for the 2012 holidays! 

If you would like to contact me about the Boise Real Estate Market, please go to my web site (no sign in required): www.BoiseRealEstateChick.com or e-mail me : mary@BoiseRealEstateChick.com

 

Advertisements
%d bloggers like this: