Posts Tagged ‘ Meridian Idaho real estate statics March 2011 ’

Boise Real Estate Market Statistics-August 2016

Ada County August Market Statistics

Available Homes

# Available: 2212

# Vacant: 1327 (60%)

# Short Sale: 23 (1%)

# Bank Owned: 20 (<1%)

Median Asking Price: $281,000

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Pending Sales

# Pending: 1529

Median Asking Price: $262,990

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Closed Sales—August 2015

# Closed: 879

# Short Sale: 7 (<1%)

# Bank Owned: 24 (3%)

Median Sales Price: $232,100

Median Days on Market: 19

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Closed Sales—August 2016

# Closed: 1038

# Short Sale: 4 (1%)

# Bank Owned: 7 (<1%)

Median Sales Price: $253,645

Median Days on Market: 15

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Summer Market Comes to an End!

The summer market is winding down as we see the real estate market slowing down a little. We are still way above last years numbers at this same time. There were only an additional 50 homes added to the market since last month so we aren’t seeing any big jumps in inventory. Asking price has pulled back a bit as well.

The number of Pending sales has continued to come down, as was expected after the crazy spring market. The median asking price was down by $6k month over month.

While the number of Closed sales came down (-42) month over month, we are still well above last years numbers by 160 homes. Sales price was up by $9K month over month and year over year it was up by $21K. Days on market are up to 15 which is still very low.

As we head into the fall I am expecting the inventory to remain fairly consistent with maybe a slight increase. We are still relatively low on available homes but even considering that I am not anticipating any price jumps. The market is healthy right now and should remain so until next spring.

If you would like additional information regarding the Boise Real Estate Market please go to my website: http://www.BoiseRealEstateChick.com

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

 

 

Meridian Idaho Real Estate Market Statistics-March 2011

Below are the statistics for the Meridian, Idaho real estate market area for March 2011. I will comment after each section which contains the available homes, pending and sold. All numbers reflect single family/single family with acreage from the Multiple Lisitng Service data.

Available Homes

# Available: 662

# Vacant: 358 (54%)

# Short Sale: 195

# Bank Owned: 39

Median List Price: $169,987

Available homes on the market decreased from February(688) and the number of vacant properties went down as well (Feb. 399). The total number of distressed properties declined from February (280) to March’s (234). Median asking price only rose by $2k.

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Pending

# Pending: 224

Median List Price:$156,450

Median Days on Market: 45

Pending properties are way up from February’s 108 and the median list price is almost identical. The number of pending is a very hopeful sign that the number of closed properties in April will be up yet again.

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Closed Sales

# Closed: 130

# Short Sales: 36

# Bank Owned: 49

Median Sales Price:$142,870

Median Days on Market: 92

While the number of closed sales rose from February’s 105, the number of distressed went up as well. This may explain the drop in the median sales price from February’ $154,875. With more distressed properties closing they continue to drag the median price down. Good for buyers, bad for sellers!

Tomorrow I will post the March real estate statistics for ADA County which encompasses all of Boise, Meridian, Eagle, Kuna and Star.

If you would like additional information regarding the Meridian real estate market please go to my website (no sign in required): www.BoiseRealEstateChick.com

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