Posts Tagged ‘ Canyon County home sales ’

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

 

 

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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

Real Estate Statistics for Canyon County-April 2011

Here are the real estate statistics for Canyon County in Idaho – April 2011. These numbers are based on single family and single family with acreage.

Available Homes

# Available: 1309

# Vacant: 656 (50%)

# Short Sale: 531

# Bank Owned: 161

Median Asking Price: $109,000

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Pending Sales

# Pending: 470

Median Asking Price: $79,000

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Closed Sales

# Closed: 305

# Short Sale: 53

# Bank Owned: 177

Median Sales Price: $79,900

Median Days on Market: 47

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Good news for Canyon County on several fronts: Inventory is down, closed prices have remained flat and median days on the market are way down. Bad news is that the number of distressed is still way too high. 75% of the homes that closed in April were distressed properties and more than 50% of the homes that are available are distressed. This will continue to keep prices low for quite a while. But as long as inventory remains low and demand stays up we could see a tick up (very slight) in the median sold prices even amongst the distressed sales.

If you would like additional information regarding the Canyon County real estate market, please go to my website (no sign in required): www.BoiseRealEstateChick.com You can also contact me through my website.

Boise Real Estate Sales Slump in March-Say What???

Did you hear that thump? That was the sound of my head hitting the keyboard on my computer as I finished reading yet another Statesman article filled with misleading headlines and misinformation within. On Thursday, the Statesman had a front-page headline “Valley home sales slump in March”.  This is the kind of headline that makes my head spin!

What the newspaper was trying to show as a slump was to compare March 2010 to March 2011 in ADA County. Well that is another “duh” moment, since this time last year there was an $8K home buyer credit in play. But even comparing 2010 to 2011 the numbers are not that far apart with 601 properties closed in 2010 and 537 closed in 2011. But if we look at the first three months of 2011 we will see the continued upswing of homes sold: January-381, February-393, and March-537. Does that look like a sales slump to you?

Now if the Statesman had written that the median sales prices had dropped in March 2011 that would have been an accurate statement. Although, the prices are still on a rollercoaster and are down one month and up the next, only to come back down the next month. (January median sales price-$135.5k, February-$145.7k, and March-$135k).

The real estate market both in ADA and Canyon County are slowly but surely recovering. The median sales prices (sold) will continue to go up and down until the majority of distressed properties have moved out of the market. In the meantime, the good news is that homes are selling and they are starting to sell quickly (particularly in the $250K and under price range). I look forward to seeing what our totals will be for the month of April because so far they are looking very good. I will be posting those results during the first week of May.

If you would like additional information regarding the  Boise real estate market or the Canyon County area, please go to my web site (no sign up required): www.BoiseRealEstateChick.com

article referenced: “Valley Home Sales Slump in March”- Idaho Statesman, April 21,2011, written by Joe Estrella

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