Posts Tagged ‘ Boise real estate market statistics ’

Current Boise Real Estate Market-May 20, 2011

With a little over a week or more left for the month of May, I thought I would see how the current Boise Real Estate Market was looking compared to April 2011. So far so good!

Available:

May (20th)- 2631

April: -2610

Not much of an increase in inventory, which is kind of odd for this time of year.

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Median List Price has gone up also:

May (20th): $175,000

April: $170,947

List Price is kind of meaningless but what is interesting is that the LP went up in the same increment as the Sold Price and Pending.

Sold  Median Sales Price:

May (20th): $140K

April: $135K

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Pendings are up very nicely also:

May (20th): 979

April: 903

 Many of the May pendings will turn into closed but I expect another strong month of closed properties.  The other interesting item is the median LP is once again $5K higher.

Median LP for Pendings:

May (20th): $159.9K

April: $154K

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Another item to watch is the Days on Market. This has continued to drop over the last few months for sold properties. It was 58 days (median) in April and is now 47.  This is yet another solid indicator that the current market is changing.

I will check back in another two weeks to see if the numbers will continue their upward trend. In the meantime, if you would like additional information on the current Boise real estate market go to my website (no sign in required): www.BoiseRealEstateChick.com

Eagle Idaho Real Estate Market Statistics-March 2011

The numbers are in for the Eagle Idaho real estate market area for March 2011 and they look pretty good. I will give commentary for each section below.

Available Listings:

# Available:256

#Vacant: 108 (42%)

# Short Sales: 66

# Bank Owned: 14

Median Asking Price: $349,375

Number of available is up by 23 compared to February(233), which is actually not to bad considering we are heading into the spring market. I anticipate that this number will go up next month also.

The percent of vacant  homes is down by 2%  from February (44%), but the number of short sales and bank owned are almost identical to last month..

Asking price is up slightly from February’s $344K.

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Pending Sales:

# Pending: 61

Median List Price: $360K

Median Days on Market: 42

Pending’s  went up nicely from February’s 46 but the median asking price fell from $$394,500 to $360K.

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Closed Sales

# Closed: 35

# Short Sales: 14

# Bank Owned: 8

Median Sales Price: $275K

Median Days on Market: 90

Closed sales were up from February (28) with short sales and bank owned doing a flip from last month(February had 7 short sales and 13 bank owned). Median sales price went up very nicely from $234,750 in February. Days on market increased as well though by 26 days (64 DOM in Feb.) but this is probably due to the increase in short sales that closed.

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Overall, the Eagle area looks pretty solid with increases in sold and pending which continues a positive trend for the year. The only area of concern is that the pending list prices are down which could mean that sold prices for April could go down as well.  Tomorrow I will post Meridian’s numbers which look very promising as well. (I will update the Eagle numbers if necessary since some of the solds may not have been entered yet.)

If you are considering buying or selling your home in the Eagle area, please go to my website to see the local Eagle real estate market area homes that are for sale (no sign up required): www.BoiseRealEstateChick.com and if you would like a current market analysis of your home or are interested in purchasing, please feel free to contact me (contact information is on my website).

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