Posts Tagged ‘ meridian area ’

Boise Real Estate Market Statistics-June 2017

Ada County June Market Statistics

Available Homes
# Available: 1852
# Vacant: 1040 (56%)
# Short Sale: 8 (<1%)
# Bank Owned: 7 (<1%)
Median Asking Price: $338,000

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Pending Sales
# Pending: 1852
Median Asking Price: $297,865

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Closed Sales—June 2016
# Closed: 1204
# Short Sale: 5 (<1%)
# Bank Owned: 11 (1%)
Median Sales Price: $251,371
Median Days on Market: 10

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Closed Sales—June 2017
# Closed: 1240
# Short Sale: 1 (<1%)
# Bank Owned: 6 (1%)
Median Sales Price: $273,150
Median Days on Market: 8

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Spring Market going into the Summer!

The spring market now comes to an end with the June numbers. Really not much new going on! Inventory is up by a mere 32 homes and still staying under that 2000 mark. Not sure we will get above that this year!

Pending sales also rose just a bit, up by 54 homes. The Pending sales price was down by $2K though. However, we are way above what was pending last year at this time. That is up by over 400 homes year over year!

The number of Closed sales were up by another 200 month over month and by 36 for year over year. The Sales Price rose another $10K and is up $22K for year over year. Median Days on Market only went up by 1 day!

I have stated this before but even as crazy as the market may seem right now, it is still pretty steady. No big jumps in pricing, inventory is still low, demand is still high. Demand in the $300K and under market moves very quick though. Ask any buyer right now how many homes have they lost their offering bid to either a much higher bid or a cash offer?

As always, if you are thinking of buying or selling a home (or know someone who is) please contact me! I will be happy to help!

Brokerage-: Silvercreek Realty Group 1099 S Wells Suite 200 Meridian Idaho 83642

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

 

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