Posts Tagged ‘ Eagle Idaho ’

Boise Real Estate Market Statistics-July 2018

Ada County July Market Statistics

Available Homes
# Available: 1512
# Vacant: 960 (63%)
# Short Sale: 2 (<1%)
# Bank Owned: 3 (<1%)
Median Asking Price: $384,900

Pending Sales
# Pending: 1721
Median Asking Price: $345,655

Closed Sales—July 2017
# Closed: 1119
# Short Sale: 3 (<1%)
# Bank Owned: 11 (1%)
Median Sales Price: $269,900
Median Days on Market: 9

Closed Sales—July 2018
# Closed: 1154
# Short Sale: 1 (<1%)
# Bank Owned: 1 (1%)
Median Sales Price: $317,000
Median Days on Market: 7


Dog days…

The current real estate market here in the Treasure Valley is pretty flat. We only saw an increase in inventory of 54 homes. Pending and Sold’s were both down as well. I have had people ask me if this is an indicator of a market bubble about to burst. It is not! I think everyone has gotten use to the crazy last few months and think that is our new normal. It is not!

The feeding frenzy we saw in the spring was the normal amount of buyers but with a much lower inventory available to them. This created a market where homes went in a matter of hours, with multiple offers, and above asking prices. That has slowed down now as it always does in the summer months.

I think we will see a slight uptick of activity in the October time frame and then again in December. This too is normal. I am not expecting any major increases in inventory and I do see prices continuing to rise but not as quickly as they had been over the past few months. From now until the end of December we should see a relatively normal market.

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

All statistics are from the Intermountain MLS

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Boise Real Estate Market Statistics-June 2018

Ada County June Market Statistics

Available Homes
# Available: 1458
# Vacant: 907 (62%)
# Short Sale: 1 (<1%)
# Bank Owned: 5 (<1%)
Median Asking Price: $385,945

Pending Sales
# Pending: 1838
Median Asking Price: $340,783

Closed Sales—June 2017
# Closed: 1245
# Short Sale: 1 (<1%)
# Bank Owned: 6 (<1%)
Median Sales Price: $272,490
Median Days on Market: 8

Closed Sales—June 2018
# Closed: 1230
# Short Sale: 3(<1%)
# Bank Owned: 0 (0%)
Median Sales Price: $322,317
Median Days on Market: 7


Beginning of the summer market!

Inventory was up by another 150 homes! Finally! These are not huge increases but so needed just the same. We are still seeing multiple offers and homes going pending within hours of hitting the market, however, that is only the case in the under $350K price range. Once we get over the $500K mark, the available inventory goes up and days on market are a bit longer.

Pending sales actually saw a pull back, down by 103 month over month and the asking price was flat. The increase in inventory and the decrease in Pending sales is the result of the summer market. This happens every year! Not an anomaly, just typical!

The number of Closed Sales was up by 32 month over month, so not really much to report on there. What is worthy of noting is the year over year price difference. The median price of a home sold in June 2017 was $272,490, in June 2018 that median price is now $322,317. That is a $50K price increase! Anyone who waited until this year to buy are paying that much more!

Brokerage: Silvercreek Realty Group 1099 S Wells St suite 200, 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

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Pending Sales

# Pending: 1235

Median Asking Price: $254,900

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Closed Sales—September 2014

# Closed: 698

# Short Sale: 12 (2%)

# Bank Owned: 34 (5%)

Median Sales Price: $202,495

Median Days on Market: 27

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Closed Sales—September 2015

# Closed: 839

# Short Sale: 13 (1%)

# Bank Owned: 20 (3%)

Median Sales Price: $230,000

Median Days on Market: 25

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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-November 2014

Ada County November Market Statistics

Available Homes

# Available: 2355

# Vacant: 1514 (64%)

# Short Sale: 92 (4%)

# Bank Owned: 55 (2%)

Median Asking Price: $249,900

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Pending Sales

# Pending: 862

Median Asking Price: $239,900

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Closed Sales—November 2013

# Closed: 569

# Short Sale: 25 (4%)

# Bank Owned: 33 (6%)

Median Sales Price: $208,000

Median Days on Market: 29

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Closed Sales—November 2014

# Closed: 534

# Short Sale: 8 (2%)

# Bank Owned: 23 (4%)

Median Sales Price: $215,069

Median Days on Market: 35

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Winter Market Ahead!

As November comes to a close, we now enter the official winter market! Inventory is continuing to come down, and it is actually becoming a chore to find enough variety for my buyers! The good news is that the inventory that is available is actually pretty nice and not too badly priced. As always, homes that are in good condition and priced well are moving very quickly, usually within the first few days of being on the market.

Following the usual seasonal pullback are the Pending Sales. They continue to decline and I expect that to continue into February 2015. The Pending Asking Price did go up though!

Closed Sales were down quite a bit this month and were down year over year as well. However, the Median Sales Price was up by $7K over last month, and year over year. We are also seeing the Median Days on Market going up (also to be expected) but as I stated earlier, homes that are priced well and in good shape are moving in a matter of days. Sellers should keep this in mind if they are planning to sell within the next year. Getting ahead of the competition will get you a better offer! So if you are thinking of selling, get your home ready to be on the market by February. And of course if you have any questions about pricing and getting your home ready, let me know, I am here to help!

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 #200, Meridian ID 83642

Boise Real Estate Market Statistics-October 2014

Ada County October Market Statistics

Available Homes

# Available: 2635

# Vacant: 1583(60%)

# Short Sale: 107 (4%)

# Bank Owned: 54 (2%)

Median Asking Price: $249,900

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Pending Sales

# Pending: 900

Median Asking Price: $236,900

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Closed Sales—October 2013

# Closed: 642

# Short Sale: 33 (5%)

# Bank Owned: 25 (4%)

Median Sales Price: $211,862

Median Days on Market: 25

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Closed Sales—October 2014

# Closed: 673

# Short Sale: 13 (2%)

# Bank Owned: 26 (4%)

Median Sales Price: $208,199

Median Days on Market: 36

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Are We Back To Normal?

As you can see, the number of Available listings continues to trend downward and the Asking Price remains flat. So is this a good or bad thing? For sellers, this is a good thing because the competition is going down and while prices are flat, they are not going backwards. For buyers, this means there are less homes to choose from but at the same time prices are remaining reasonable (and interest rates are still very low!).

My personal opinion on the current market is that we are at NORMAL and that is a good thing. We needed to see inventory come down because we do not want it to sit over the winter and then start the spring market with an already overloaded inventory. That would have driven prices downward and since we are just hitting a normal market, that would not be good!

Pending Sales were relatively flat month over month but the Asking Price is up by $7K.

Closed Sales were flat as well but the Sales Price was up by $4K from last month. We are currently hovering around last years Sales Price numbers. Once again, this is a good thing. It is nice to see no wild swings in pricing since last year!

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 Wells St Suite #200 Meridian ID 83642

Quick Tips for Homeowners

Some of the easiest solutions to everyday household problems are sitting right in your kitchen. They are convenient and relatively inexpensive and when you see the results you will be wondering why you did not think of that sooner! These are also handy for home sellers who would like inexpensive quick fixes that will not look like you went cheap to fix it.

Carpet Stains: Baby Wipes! Yes, it is that simple!

Microwave: To get rid of cooked-on spatters heat a half cup of water for two minutes on high (or long enough to create a steam. This softens the food and makes it easier to wipe off.

Cooking odors: Heat white vinegar in an uncovered pot on the stove (medium heat, do not boil). The vinegar smell will gradually dissipate and so will the odors.

Coffee Grinder: Want to sharpen the blades? Run a handful of dried rice in the grinder. (okay, this is not exactly an item you need to fix to sell your home but I thought I would throw it in any way!)

Chimney: A handful of salt thrown on the fire will help keep the chimney clean.

Nail Holes: Fill hole with a paste made from starch and water and it will work just as good as putty.

Squeaky Doors: Use petroleum jelly instead of oil for a dripless solution.

Want the whole house to smell like apple pie? (This is a great thing to do right before an open house or a scheduled showing.) Simmer a sliced apple and a couple of cinnamon sticks in water on the stove.  Gives off a wonderful homey smell!

If you would like additional ways to spruce up your home before putting it on Boise Real Estate market please contact me through my website (no sign-up required): www.BoiseRealEstateChick.com

Real Estate Statistics for Eagle, ID -February 2011

The February 2011 Real Estate Statistics for Eagle, ID  are listed below. I will add commentary for each grouping (active, sold, and closed sales). Please note that these numbers are for Single family and Single Family with acreage ending 2/28/2011.

Available Homes:

# Available: 233

# Vacant: 102

#Short Sales: 68

# Bank Owned: 14

Median Asking Price: $344K

The number of available homes is up slightly from January’s 194. The Median Asking Price has dropped a little bit from January’s $352,300

Pending Sales

# Pending: 46

Median Asking Price: $394,500

Pendings are down slightly from January’s 57 and the Median Asking Price is up from $348K

Closed Sales

# Closed: 28

Median Sold Price: $234,750

Median Days On Market: 64

The number of closed is up from January’s 21 but the Median Price has dropped drastically from $393K. My best guess is that a few more distressed properties have moved through the system and the fact that February was a shorter month.  I will be watching March’s numbers carefully to see if this trend continues. I would find that hard to believe since the Pending Median Price is up.

Tomorrow I will post Meridians February numbers and see how that part of town has faired!  If you would like additional Statistics for the Boise Real Estate Market please see my posts under “Boise Real Estate Statistics” or go to my website (no sign up required): http://www.BoiseRealEstateChick.com

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