Posts Tagged ‘ Eagle ’

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

Boise Real Estate Market Statistics-February 2014

Ada County February 2014 Market Statistics

Available Homes
# Available: 2008
# Vacant: 1303 (65%)
# Short Sale: 152 (8%)
# Bank Owned: 68 (3%)
Median Asking Price: $230,495

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Pending Sales
# Pending: 889
Median Asking Price: $220,000

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Closed Sales—February 2013
# Closed: 491
# Short Sale: 67 (14%)
# Bank Owned: 31 (6%)
Median Sales Price: $178,900
Median Days on Market: 39

Closed Sales—February 2014
# Closed: 431
# Short Sale: 23 (5%)
# Bank Owned: 35 (8%)
Median Sales Price: $199,000
Median Days on Market: 47

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Not Quite a Spring Market…Yet

February’s inventory was down from last month and is normally one of the lower months of the year. Other than a slight increase in the asking price, everything else within the Available market is relatively flat. This year’s market feels a little different than last year’s, to me anyway. I am not getting that same sense of urgency to sell or buy. I think the increase in prices has people looking a lot more carefully at what they may be getting for their money.

The number of Pending Sales was up pretty substantially from last month but the Median Asking Price remained flat. This indicates that we will see higher Closed Sales for March and probably a slight uptick in Closed Sales Price.

Closed Sales were down again but this was anticipated due to the lower number of Pending Sales in January. The Median Sold price was down by about $9K giving back all of January’s price increase. The Median Days on Market has started to come down. Homes that are priced correctly and are move-in ready are generally getting offers within the first week or two.

Of special note: Take a look at Eagle’s number of Short Sales and Reo’s that Sold in February. That is right! The number was zero! Making February a completely traditional sales month!

 

 

Boise Real Estate Market Statistics-August 2013

Below are the Boise Real Estate Market Statistics for August 2013. These numbers reflect single family/single family homes that are Available, Pending, or have Sold and is taken from the Intermountain Multiple Listing Services data.

Ada County August Market Statistics

Available Homes

# Available: 2466

# Vacant: 1260 (51%)

# Short Sale: 194 (8%)

# Bank Owned: 75 (3%)

Median Asking Price: $229,900

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Pending Sales

# Pending: 1074

Median Asking Price: $209,900

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Closed Sales—August 2012

# Closed: 736

# Short Sale:102 (14%)

# Bank Owned: 52 (7%)

Median Sales Price: $180,000

Median Days on Market: 25

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Closed Sales—August 2013

# Closed: 821

# Short Sale: 49 (6%)

# Bank Owned: 41 (5%)

Median Sales Price: $201,850

Median Days on Market: 21

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Good-bye Summer!

The last few months have been outstanding for real estate but our August numbers reflect a slowing down that started occurring in July. This is actually a good thing! The asking prices were moving up faster than the market could allow. I realize there are many who would like to see their home values go back to what they were during the height of the market. That wasn’t a healthy market nor was it sustainable, we certainly do not want to see a repeat!

Available inventory increased again this month as did the number of vacant homes. This is due to an increase in build jobs. Total number of distressed inventory remains at about 12 percent of the market.

Pending Sales are seeing a pullback but has stayed over 1000 for several months now. My guess is that it will stay around the 1000 mark until at least November.

Closed Sales are down from last month as is the Sales Price. We are also seeing the gap between last years sales numbers and this years getting much closer. My guess is that we will see almost identical sales numbers come the November time frame as well.

If you would like additional information regarding the Boise Real Estate Market please go to my website: www.BoiseRealEstateChick.com or e-mail me at mary@BoiseRealEstateChick.com

 

 

Boise Real Estate Market Statistics -March 2013

Ada County March 2013 Market Statistics

Available Homes

# Available: 1792
# Vacant: 969 (54%)
# Short Sale: 297 (17%)
# Bank Owned: 76 (4%)
Median Asking Price: $225,750

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Pending Sales
# Pending: 1239
Median Asking Price: $199,900

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Closed Sales – March 2012
# Closed: 549
# Short Sale: 112 (20%)
# Bank Owned: 107 (19%)
Median Sales Price: $152,500
Median Days on Market: 39

Closed Sales– March 2013
# Closed: 568
# Short Sale: 61 (11%)
# Bank Owned: 44 (8%)
Median Sales Price: $186,762
Median Days on Market: 28

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March Came in Like a Lion!

This spring market is showing no signs of slowing down! The inventory in Ada County only increased by 63 homes and the median asking price went up another $6850. The distressed market went down again to just 21 percent, down from last months 23 percent.

Pending sales saw another increase, going from 1005 in February to 1239 in March. Median asking price for pending sales went up as well: $199.9k from February’s $193K. Whenever we see an increase here, we know we will see an increase in closed sales prices for the next month.

More strong closed sales, as March was up year over year and month over month. Distressed sales are down to less than 19 percent of the sold market.  Closed sales prices were up another $4762 and days on market are down to 28. In fact, Ada County currently has less than four months of inventory.

Speaking of inventory, yes, I know I keep saying this but the Ada County area really is in need of some decent inventory. Houses are moving in 28 days or less right now and usually at full asking price. PLEASE, if you know anyone thinking of selling a home, pass my name along to them or send me their info: mary@BoiseRealEstateChick.com or go to my website :  www.BoiseRealEstateChick.com

 

 

 

Boise Real Estate Statistics for February 2013

Below are the Boise Real Estate Statistics for March 2013. The statistics consist of the Boise, Eagle, Meridian, Kuna, and Star area. All numbers are based on information from the Intermountain Multiple Listing Service for single family/single family on acreage that have sold, are pending or are currently available.

Ada County February Market Statistics

Available Homes
# Available: 1729
# Vacant: 961 (56%)
# Short Sale: 334 (19%)
# Bank Owned: 61 (4%)
Median Asking Price: $218,900

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Pending Sales
# Pending: 1005
Median Asking Price: $193,000

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Closed Sales – February 2012
# Closed: 418
# Short Sale: 91 (22%)
# Bank Owned: 106 (25%)
Median Sales Price: $155,995
Median Days on Market: 53

Closed Sales– February 2013
# Closed: 454
# Short Sale: 60 (13%)
# Bank Owned: 47 (10%)
Median Sales Price: $182,000
Median Days on Market: 40

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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 from last month. The search for decent inventor y continues to fuel multiple offers and decreased  days on market.

Pending sales increased over the thousand mark again (1005 units pending-Feb./ 878 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 358 closed sales last month and had over 454 this month. The median sales price increased by $26,775 for the Meridian area! The distressed market continues to shrink for sold properties. In February 2012 , 47 percent of the sold market was distressed, now it is at 23 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 additional information regarding the current market value of your home or would like to see what the current inventory looks like, please go to my website: www.BoiseRealEstateChick.com or contact me by e-mail: mary@BoiseRealEstateChick.com

 

Boise Real Estate Market Statistics -January 2013

Below are the Boise Real Estate Market statistics for January 2013. These numbers are taken from the Intermountain MLS and reflect active, pending, and sold single family homes/single family homes on acreage. The Ada County area consists of Boise, Meridian, Eagle, Kuna, and Star.

January Market Statistics

Available Homes
# Available: 1668
# Vacant: 956 (57%)
# Short Sale: 358 (21%)
# Bank Owned: 54 (3%)
Median Asking Price: $209,700

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Pending Sales
# Pending: 878
Median Asking Price: $189,900

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Closed Sales – January 2012
# Closed: 402
# Short Sale: 94 (23%)
# Bank Owned: 120 (30%)
Median Sales Price: $138,000
Median Days on Market: 57

Closed Sales – January 2013
# Closed: 358
# Short Sale: 47 (13%)
# Bank Owned: 41 (11%)
Median Sales Price: $182,995
Median Days on Market: 28

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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. Ada County is down to just 1668 homes available and if we remove the contingent sales, it is down to 1360. Because of the lack of inventory and the buyer demand, the median asking price jumped $10k!

Pending sales increased this month as did the median asking price for Meridian and Eagle. I expect we will see an increase in Closed Sales for February.

Closed Sales for January saw another decrease in the number of units sold. However, the median Closes Sales Price went up, as Days on Market went down. We continue to see a decrease of distressed homes on the market. If we look at January 2012 we see that 53 percent of the homes that sold were distressed, while January 2013 is only 24 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!

If  you are considering selling your home or know someone who is, please contact me via e-mail: mary@BoiseRealEstateChick.com or go to my website for other contact info.,  www.BoiseRealEstateChick.com

 

 

 

 

Boise Real Estate Market Statistics – December 2012

Below are the Boise Real Estate Market Statistics for December 2012. All numbers are from the Intermountain Multiple Listing Service for Available, Pending, and Sold homes in the Ada County area (Boise, Eagle, Meridian, Kuna, and Star) that are single family/single family with acreage. 

Ada County December Market Statistics 2012

Available Homes

# Available: 1730

# Vacant: 1002 (58%)

# Short Sale: 376 (22%)

# Bank Owned: 59 (3%)

Median Asking Price: $199,900

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Pending Sales

# Pending: 731

Median Asking Price: $189,900

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Closed Sales – December 2011

# Closed: 496

# Short Sale: 117 (24%)

# Bank Owned: 121 (24%)

Median Sales Price: $145,700

Median Days on Market: 49

 

Closed Sales– December 2012

# Closed: 486

# Short Sale: 92 (19%)

# Bank Owned: 31 (6%)

Median Sales Price: $176,731

Median Days on Market: 32

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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 is at record lows! We are down to 1730 homes in Ada County and if we take out the homes that are contingent short sales, the number of Available homes is around 1400. 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.

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 expected to stay at historic lows this year! 

 If you would like a Current Market Analysis for your home in the Ada County area please contact me either through my website: www.BoiseRealEsateChick.com or via e-mail: mary@BoiseRealEstateChick.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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