Posts Tagged ‘ canyon county real estate statistics ’
By the Numbers…
Number of homes on the market:
June 2011: 1216
June 2012: 985
June 2013: 1186
Median Asking Price:
June 2011: $112,472
June 2012: $125,000
June 2013: $155,254
Number of Pending Sales:
June 2011: 459
June 2012: 514
June 2013: 583
Median Sold Price:
June 2011: $82,512
June 2012: $102,576
June 2013: $131,200
Number of Distressed Homes Sold:
June 2011: 222
June 2012: 100
June 2013: 76
Below are the statistics for the Canyon County Real Estate Market for June 2013. These numbers are from the Intermountain MLS for single family/single family with acreage homes for available, pending and sold properties. The Canyon County area consists of Caldwell, Nampa, Middleton, and the surrounding area.
Canyon County June Market Statistics
Available Homes
# Available: 1186
# Vacant: 612 (52%)
# Short Sale: 145 (12%)
# Bank Owned: 43 (4%)
Median Asking Price: $155,254
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Pending Sales
# Pending: 583
Median Asking Price: $129,500
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Closed Sales—June 2012
# Closed: 261
# Short Sale: 57 (22%)
# Bank Owned: 36 (14%)
Median Sales Price: $103,000
Median Days on Market: 23
Closed Sales—June 2013
# Closed: 311
# Short Sale: 35 (11%)
# Bank Owned: 41 (13%)
Median Sales Price: $131,200
Median Days on Market: 14
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Summer Market
The Canyon County summer market is behaving as expected. Sales are slowing down a bit, allowing for inventory to increase. June closed out the spring market with very strong numbers and July is not looking too shabby!
The Available inventory finally starting to inch back up. The Median Asking Price stayed the say from May. As inventory increases we will see the median asking price start to level off or decrease.
The Pending Sales saw a decrease of 12 and the Median Asking price only rose by $4K. As the summer market continues we should see these number continue to shrink a bit.
The number of Closed Sales saw a slight decrease from May. The percent of distressed homes also stayed the same at about 24 percent of the market. The big news is the Median Sales Price! It was up by $7500K from last month and over $9K since April! That is a huge! Year over year it is up by over $28K! Are you thinking of selling? Come on in, the water is definitely warm!
If you would like additional information regarding the value of your home, please go to my website: www.BoiseRealEstateChick.com or you can e-mail me at : mary@BoiseRealEstateChick.com
Below are the Canyon County Real Estate statistics for February 2013. These numbers are taken from the Intermountain Multiple Listing Service for the Canyon County area in Idaho. This area consists of Caldwell, Nampa, Middleton and the surrounding area. Numbers are based on single family /single family homes on acreage that have active, pending, or have sold in February 2013.
Canyon County February Market Statistics
Available Homes
# Available: 876
# Vacant: 491 (56%)
# Short Sale: 197 (23%)
# Bank Owned: 38 (4%)
Median Asking Price: $139,900
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Pending Sales
# Pending: 418
Median Asking Price: $114,450
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Closed Sales – February 2012
# Closed: 190
# Short Sale: 40 (21%)
# Bank Owned: 82 (43%)
Median Sales Price: $86,410
Median Days on Market: 47
Closed Sales– February 2013
# Closed: 184
# Short Sale: 35 (19%)
# Bank Owned: 35 (19%)
Median Sales Price: $109,900
Median Days on Market: 31
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Market Continues to Improve!
The real estate market continues to stay strong! We saw a slight increase in inventory but we are still at historic lows! Asking price is continuing its steady rise. Up almost $10K in Caldwell from last month. The search for decent inventory continues to fuel multiple offers and decreased days on market.
Pending sales increased again (418 units pending-Feb./ 383 units pending in Jan.) There was another increase in the median asking price which will translate into yet another increase in the closed median sales price.
We saw a jump in closed sales activity for February. We had 153 closed sales last month and had over 184 this month. The distressed market continues to shrink for sold properties. In February 2012 , 71 percent of the sold market was distressed, now it is at 38 percent.
Are we heading into another bubble? I don’t think so! The lack of inventory is what is fueling the price increases right now. As more sellers recover from the hit they took after the crash, inventory will start to go up. At that point I think we will see a flattening of prices. In the meantime though, if you are a seller not under water and have considered selling, now is the time!
If you would like to know what the current market value of your home is, please go to my website: www.BoiseRealEstateChick.com or e-mail me for a Current Market Analysis!
Below are Canyon County Real Estate Market Statistics for January 2013. The numbers are based upon data from the Intermountain MLS for single family/single family homes on acreage that are available, pending, or have sold. Canyon County consists of Nampa, Caldwell, Middleton and surrounding areas.
Canyon County January 2013 Market Statistics
Available Homes
# Available: 859
# Vacant: 507 (59%)
# Short Sale: 201 (23%)
# Bank Owned: 49 (6%)
Median Asking Price: $135,000
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Pending Sales
# Pending: 383
Median Asking Price: $109,900
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Closed Sales – January 2012
# Closed: 227
# Short Sale: 62 (27%)
# Bank Owned: 100 (44%)
Median Sales Price: $79,195
Median Days on Market: 42
Closed Sales– January 2013
# Closed: 153
# Short Sale: 26 (17%)
# Bank Owned: 36 (24%)
Median Sales Price: $107,450
Median Days on Market: 37
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Spring Market?!?
It may feel like winter but the spring market seems to be arriving early! Homes priced correctly are being snatched up in a matter of days as inventory continues to decline. Canyon County is down to just 875 homes available. Because of the lack of inventory and the buyer demand, the median asking price jumped $6k!
Pending sales increased this month as did the median asking price. I expect we will see an increase in Closed Sales for February as well as the Median Sales Price.
Closed Sales for January saw another decrease in the number of units sold. However, the median Closes Sales Price went up. We continue to see a decrease of distressed homes on the market. If we look at January 2012 we see that 71 percent of the homes that sold were distressed, while January 2013 is only 41 percent.
I do believe that if there were more homes available the Pending and Sold numbers would be higher. We are seeing a large number of buyers from California looking to move here over the next few months. Unfortunately there is not much inventory to show them. So, if you or someone you know are thinking about selling, please let me know! You can contact me either through my website: www.BosieRealEstateChick.com or by e-mail: mary@BosieRealEstateChick.com
Below are the Canyon County Real Estate Statistics for December 2012. Canyon County consists of Caldwell, Nampa, Middleton, and surrounding areas. All numbers are taken from the Intermountain Multiple Listing Service for single family and single family with acreage.
Canyon CountyDecember Market Statistics
Available Homes
# Available: 875
# Vacant: 516 (59%)
# Short Sale: 210 (24%)
# Bank Owned: 51 (6%)
Median Asking Price: $129,900
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Pending Sales
# Pending: 313
Median Asking Price: $104,900
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Closed Sales – December 2011
# Closed: 224
# Short Sale: 56 (25%)
# Bank Owned: 121 (52%)
Median Sales Price: $78,050
Median Days on Market: 29
Closed Sales– December 2012
# Closed: 196
# Short Sale: 41 (21%)
# Bank Owned: 31 (21%)
Median Sales Price: $99,406
Median Days on Market: 30
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The New Year is Here!
Happy New Year! Let us hope and pray that this year will be one of the best we have had in recent years. As the saying goes, “success is 99 percent attitude and 1 percent aptitude”. So let us get our positive attitudes going!
Inventory continues to decline! We are down to 875 homes in Canyon County and if we take out the homes that are contingent short sales, the number of Available homes is around 607. I have not seen this low of an inventory since I became a Realtor over seven years ago!
The number of Pending Sales is down and is to be expected this time of year. Interesting to note is that the median Asking Price is up by $5k since last month for the Caldwell area.
Closed Sales for December saw a pullback as well. I think this is due to the combination of low inventory and the typical holiday seasonal slowdown. With the lower Pending Sales number, we will see if January has lower Closed Sales as well.
Overall, I think 2013 is going to be somewhat similar, sales wise, to 2012. Continuing
another year of it being a good time to be a buyer and/or a seller. Prices will inch up around 5 to 6 percent due to low inventory (good for sellers) and the decrease in the number of distressed properties (35 percent of homes for sale in December 2011 were
distressed, December 2012 was at 25 percent). Good for buyers, is the fact that interest rates are expect to stay at historic lows this year!
If you would like to know what the current value of your home is you can contact me either through my website: http://www.BoiseRealEstateChick.com or e-mail me: mary@BoiseRealEstateChick.com
Below are the Real Estate Market Statistics for October 2012. These numbers are from the Intermountain Multiple Listing Service for single family and single family on acreage. Canyon County consists of Caldwell, Nampa, Middleton and surrounding areas.
Canyon County October Market Statistics
Available Homes
# Available: 994
# Vacant: 511 (51%)
# Short Sale: 241 (24%)
# Bank Owned: 40 (4%)
Median Asking Price: $129,900
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Pending Sales
# Pending: 418
Median Asking Price: $109,000
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Closed Sales – October 2011
# Closed: 285
# Short Sale: 77 (27%)
# Bank Owned: 137 (48%)
Median Sales Price: $82,000
Median Days on Market: 41
Closed Sales– October 2012
# Closed: 285
# Short Sale: 67 (23%)
# Bank Owned: 49 (17%)
Median Sales Price: $107,000
Median Days on Market: 35
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Winter Market Coming Soon!
While the October real estate market did not do too badly, we can see that the winter market is coming in. So what does this mean? For the most part we will continue to see a drop in inventory as sellers remove their homes from the market for the holiday months and into February. Normally when inventory shrinks, prices go up but that is not usually the case in the winter months. Prices generally flatten out, mainly because the bulk of the buyers are not looking actively for a home until March.
However, sellers are at an advantage when selling in the winter because the pickings are few and the buyers are definitely serious. Will the seller get at or above asking price? Probably not above (less buyers means no multiple bids) but more than likely closer to asking. Price it well and it will move quick! Buyers have an advantage as well because the homes that are on the market are usually with sellers that really want to sell. There are also less buyers meaning less competition when making offers. Will the buyer get a great bargain? Actually yes, and mainly because the prices are still relatively low as are the interest rates.
So, if you are thinking of buying or selling a home, winter time may be a great time to consider it! Go to my website: www.BoiseRealEstateChick.com
or you can send me an e-mail: mary@BoiseRealEstateChick.com if you have any questions or would like to know the value of your home or how much of a home you can afford.
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