Posts Tagged ‘ Eagle ’

Boise Real Estate Market Statistics – October 2012

Below are the Boise Real Estate Market Statistics for October 2012. These numbers are from the Intermountain Multiple Listing Service for available, pending, and sold, single family home/single family homes on acreage. These stats reflect the ADA County area that consists of Boise, Meridian, Kuna, Eagle, and Star, Idaho.

Ada County – October Market Statistics

Available Homes

# Available: 2019

# Vacant: 1043 (52%)

# Short Sale: 421 (21%)

# Bank Owned: 50 (2%)

Median Asking Price: $204,900

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Pending Sales

# Pending: 987

Median Asking Price: $179,900

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Closed Sales – October 2011

# Closed: 553

# Short Sale: 105 (19%)

# Bank Owned: 127 (23%)

Median Sales Price: $149,900

Median Days on Market: 36

 

Closed Sales– October 2012

# Closed: 641

# Short Sale: 89 (14%)

# Bank Owned: 66 (10%)

Median Sales Price: $176,500

Median Days on Market: 30

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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! For more information regarding the Boise Real Estate market please go to my website: www.BoiseRealEstateChick.com or e-mail me: mary@BosieRealEstateChick.com

 

 

 

Boise Real Estate Market Statistics – September 2012

Below are the Boise Real Estate Market Statistics for September 2012. These numbers are based on information gathered from the Intermountain Multiple Listing Service for Available, Pending and Sold listings for single family/single family with acreage.  The Boise area (Ada County) consists of Boise, Meridian, Eagle, Kuna, and Star.

Ada County September Market Statistics

Available Homes

# Available: 2142

# Vacant: 1080 (50%)

# Short Sale: 451 (21%)

# Bank Owned: 50 (2%)

Median Asking Price: $207,100

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Pending Sales

# Pending: 1045

Median Asking Price: $179,900

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Closed Sales – September 2011

# Closed: 595

# Short Sale: 114 (19%)

# Bank Owned: 138 (23%)

Median Sales Price: $143,556

Median Days on Market: 41

 

Closed Sales– September 2012

# Closed: 574

# Short Sale: 90 (16%)

# Bank Owned: 35 (6%)

Median Sales Price: $174,900

Median Days on Market: 23

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Where is the market heading?

September’s real estate numbers seem to indicate that the market has settled down quite a bit since our crazy spring. We are no longer seeing prices increasing at almost $2K -$3K a week. I feel the leveling off is healthy since the economy locally could not support the rapid increase. I realize for many, the current prices are still lower than when they bought. That is unfortunate but we can not afford to see another bubble so soon after the last one when we are still recovering from it!

As I predicted in last months newsletter, the slight pull back in the Median Pending Sales would translate into a flat or decrease in September Sales. That is in fact what has happened and I will venture to say that October’s numbers will look very similar to September’s.

An interesting item that I noticed when gathering my statistics for this past month was the List Price to Sales Price. List Price is what the seller lists the home for and the sales price is what it actually sells for. For Ada County LP/SP was 99 percent. In Meridian it was 100 percent and in Eagle it was also at 99 percent. Even though prices are leveling off and will more than likely remain flat for a few months, my gut tells me that we are going to see another surge in activity and prices come spring.

 If you would like to know what the current market value of your home is please feel free to contact me : mary@BoiseRealEstateChick.com or go to my website: www.BoiseRealEstateChick.com

 

 

Boise Real Estate Market Statistics for August 2012

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

Ada County August Market Statistics

Available Homes

# Available: 2144

# Vacant: 1035 (48%)

# Short Sale: 455 (21%)

# Bank Owned: 54 (3%)

Median Asking Price: $209,900

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Pending Sales

# Pending: 1145

Median Asking Price: $178,500

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Closed Sales – August 2011

# Closed: 630

# Short Sale: 104 (17%)

# Bank Owned: 178 (28%)

Median Sales Price: $152,500

Median Days on Market: 38

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Closed Sales– August 2012

# Closed: 710

# Short Sale: 100 (14%)

# Bank Owned: 52 (7%)

Median Sales Price: $180,000

Median Days on Market: 25

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Here comes Fall!

August seems to have brought the real estate market back to life! I am also currently seeing the same increased activity for September. Fall time is historically the second surge of the year for buying and selling.

With the decrease of distressed properties on the market, we are seeing more homes that are generally in move in condition. This is great for buyers because prices are still relatively low, allowing for some great deals. Cash buyers are still in the driver’s seat though, with many sellers preferring the cash deals even if they are the lower bid. This is because cash deals close quicker and do so without the need of an appraisal.

Pending Sales remain strong, but the Median Asking Price on them has gone down by around $6k. This will probably be reflected in September’s Sold Prices.

Number of Closed Sales saw a big increase from July as did the Median Sold Price. We are also seeing the continued decline of distressed properties being sold, down another 2 percent from last month. However, with the slight pull back in Median Asking Price for Pending Sales, I am thinking we will see the Median Sold Price stay either flat or decrease just a bit for September sales.

If you would like to know what the current value of your home is please contact me : mary@BoiseRealEstateChick.com or to see what homes are available to buy in the Ada County area, please go to my website: www.BoiseRealEstateChick.com

 

 

 

 

Boise Real Estate Market Statistics for July 2012

Below are the Boise Real Estate Market Statistics for July 2012. These numbers reflect data from the Multiple Listing Service and are based on single family/ single family with acreage homes int he Ada County area.

Ada County July Market Statistics:

Available Homes

# Available: 2104

# Vacant: 1020 (49%)

# Short Sale: 472 (22%)

# Bank Owned: 47 (2%)

Median Asking Price: $209,900

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Pending Sales

# Pending: 1194

Median Asking Price: $184,950

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Closed Sales – July 2011

# Closed: 604

# Short Sale: 95 (16%)

# Bank Owned: 164 (27%)

Median Sales Price: $149,900

Median Days on Market: 41

 

Closed Sales– July 2012

# Closed: 629

# Short Sale: 100 (16%)

# Bank Owned: 56 (9%)

Median Sales Price: $171,990

Median Days on Market: 24

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Real Estate Market Settling Down!

July proved to be as slow as it usually is this time of year but we are still seeing a record number of pending sales. The thought is that we are leveling off after an absolutely crazy spring. This is good though, because we do not need to have a repeat of the housing market of 2006/2007.

 New inventory has been very slow to come onto the market. We saw a very small increase from June to July, mostly new construction.  The percentage of distressed homes for sale continues to decline, now at just 22 percent of the market. This same time last year, we had 33 percent of the market being distressed.

 Pending Sales remain strong, but are continuing to go down, as is typical for this time of year. Pending Sale prices are up significantly, $179.9K in June, $184.950 for July. 

 We saw a slight decrease in Sales Price for July Sales with the Median Days on Market staying at 24. However, there was a big decrease in the number of distressed properties that sold. In June we saw 183 and now July is at 156, a 3%percent decrease. Eagle, for the first time since I have been tracking for almost two years, had 0 (zero) bank owned properties sold. Not surprising since there are only 7 for sale!

 

 

Gorgeous Eagle Home on Acreage for Only $585K

Check out this beautiful Eagle home for sale on almost 5 acres. This home has it all! 

MLS#98498384

Image

  • For entertaining, there are multiple areas for large gatherings and a built-in swimming pool with tikki wet bar that will make you think you are at a resort!
  • Home has 4 good size bedrooms plus three bathrooms, large remodeled kitchen with all the bells and whistles.
  • 3803 sq. ft.
  • Main level master bedroom.
  • Scenic deck lets you take in the Boise Valley and amazing night lights view!
  • Large barn with 5 stalls and heated drinking fountains, with gated run-outs to sand arena and pasture.

Please click on the link below for more information and for virtual tour!

http://www.boiserealestatechick.com/propertydetails.cfm?searchType=mlsnumber&mlsid=98498384&thisid=98498384&mlsno=98498384

Boise Real Estate Market Statistics for April 2012

Below are the Boise real estate market statistics for April 2012. These numbers are taken from the Intermountain MLS based on single family/single family wth acreage, that are currently available, pending or have sold.

Available Homes

# Available: 1908

# Vacant: 902 (47%)

# Short Sale: 549 (29%)

# Bank Owned: 44 (2%)

Median Asking Price: $199,900

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Pending Sales

# Pending: 1151

Median Asking Price: $179,900

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Closed Sales – April 2011

# Closed: 570

# Short Sale: 113 (20%)

# Bank Owned: 207 (36%)

Median Sales Price: $134,000

Median Days on Market: 56

 

Closed Sales– April 2012

# Closed: 649

# Short Sale: 139 (21%)

# Bank Owned: 94 (14%)

Median Sales Price: $158,777

Median Days on Market: 40

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My Market Ramblings:

  • Inventory actually went up this month! (not by much but we need the inventory)
  • Another record month for Pending Sales
  • Median Sales Price is up for Ada and Meridian
  • Year over Year Median Sales Price is way up across the board
  • Number of Closed Properties are way up from last month’s (all areas)
  • Percentage of distressed properties (active) is trending downward
  • Percentage of distressed properties (sold) is way down, year over year and month over month

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For what seemed to be a relatively dry winter, we have had a pretty wet spring, but we all know that the moisture is very much needed here. Despite the wacky weather, the real estate market is remaining hot!

For the first time in over a year and a half, inventory actually went up by 38 homes, and while that is not a big increase, it is historic since it has not happened in so long.

Pending Sales continues its record breaking pace. March was 1102 with a Asking Price of $165,011. April had 1151 with an Asking Price of $179.9K. It is amazing how quickly the prices are trending up.

As I had anticipated from seeing the March Pending prices, the Median Closed Sales Price for April went up. It was $152,750 in March and now $158,777. So, I believe we will see yet another increase in sales price for May.

Need Homes to Sell!

My inventory is continuing to sell as fast as I can get them on! This market is in need of decent homes to sell! So please, if you are considering selling your home or know someone who is, please contact me or send me the contact information of your family or friends! You can contact me by e-mail: mary@BoiseRealEstateChick.com or through my website: www.mary@BoiseRealEstateChick.com

 

 

 

Boise Real Estate Market Statistics for February 2012

Below are the numbers for the Boise real estate market (ADA County) for February 2012. This area covers the Boise area as well as Meridian, Eagle, Kuna, and Star. All numbers are from the Multiple Listing Service for single family/single family on acreage homes. Buyers take note if you are thinking of buying a home in the Boise area, inventory is still going down and prices are going up.Time to get off the fence and buy!

ADA County (Boise)

February Market Statistics

Available Homes

# Available: 1920

# Vacant: 1,013 (53%)

# Short Sale: 589 (31%)

# Bank Owned: 74 (4%)

Median Asking Price: $184,900

Inventory continues to go down! I feel like I have been writing this every month for the past year and a half! Median asking price is going up (supply and demand). Last month the median sales price was $179.9K.

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Pending Sales

# Pending: 920

Median Asking Price: $160,000

Number of Pending Sales are up again and my guess as we head into spring this trend will continue. Median Asking Price is relatively the same as last month ($159.9K).

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Closed Sales – February 2011

# Closed: 401

# Short Sale: 93 (23%)

# Bank Owned: 147 (37%)

Median Sales Price: $148,000

Median Days on Market: 70

 

Closed Sales– February 2012

# Closed: 444

# Short Sale: 94 (21%)

# Bank Owned: 108 (24%)

Median Sales Price: $156,750

Median Days on Market: 50

The number of sold properties is up month over month (393 -January) and year over year. The Median Sales Price is up very nicely for both month over month ($139K – January) and year over year. The number of percentage of distressed properties that sold are down for this month as well (45%) compared to last month (53%) and Feb. 2011 (60%). Very nice trend to see!

Once again, I want to remind buyers that this is probably about as good as it is going to get price wise in Boise. Interest rates are still low and it would be wise to get ahead of the spring buyers that will be your competition. Sellers, because inventory is low and the spring sellers have not hit, you will get more for your house now then if you wait until you are competing with more sellers that have similar homes. Yes, the market is still in that odd buyer/seller market mode but if you are thinking of buying a home in the Boise area or selling, now is the time!

To see what homes are currently selling for in the Boise Real Estate Market, please go to my web site: http://www.BoiseRealEstateChick.com or you can e-mail me at: mary@BosieRealEstateChick.com if you would like a free Current Market Analysis for your home.

 

 

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