Posts Tagged ‘ Meridian Idaho Real Estate ’

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

 —————————————————-

Pending Sales

# Pending: 1194

Median Asking Price: $184,950

 —————————————————

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

——————————————————

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!

 

 

Advertisements

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

————————————————————–

Pending Sales

# Pending: 1151

Median Asking Price: $179,900

—————————————————————

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

——————————————————–

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

——————————————————–

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

 

 

 

Meridian Idaho Real Estate Market Stats for Feb. 2012

Below are the real estate market statistics for Meridian, Idaho for the month of February 2012. These numbers are from the Multiple Listings Service and are based on single family/single family with acreage homes.

Meridian

February 2012 Market Statistics:

 

Available Homes

# Available: 474

# Vacant: 269 (57%)

# Short Sale: 162 (34%)

# Bank Owned: 18 (4%)

Median Asking Price: $177,990

Inventory is down yet again from previous month (504 January) and the Median Asking Price is up as well ($172,724 January).   Interesting to see that there are only 18 bank owned properties on the market and the number of vacant home is down from last months 310 (62%).

——————————————————————-

Pending Sales

# Pending: 291

Median Asking Price: $178,990

Number of Pending Sales is up from January’s 209 but the Median Asking Price is down ($189.7K -January)

——————————————————————-

Closed Sales – February 2011

# Closed: 107

# Short Sale: 28 (26%)

# Bank Owned: 35 (33%)

Median Sales Price: $155,000

Median Days on Market: 73

 

Closed Sales – February 2012

# Closed: 101

# Short Sale: 17 (17%)

# Bank Owned: 17(17%)

Median Sales Price: $183,640

Median Days on Market: 43

Just look at these numbers! Year over year, the Median Sales Price is way up but it is also way up from January ($159,070). The Median Days on Market is down by an entire month! Considering that February was a short month it did very well and with the number of Pending Sales up I think we are going to be looking at a pretty good March as well!

If you would like to see what homes are currently going for in the Meridian area, please go to my web site: http://www.BosieRealEstateChick.com

Boise Real Estate Market Stats- Meridian- September 2011

Below are the Real Estate Statistics for the Meridian, Idaho area for September 2011. These numbers reflect single family homes/single family homes with acreage that are for sale, pending or have closed in September 2011.

Available  Homes

# Available: 568

# Vacant: 309

# Short Sale: 189

# Bank Owned: 38

Median Asking Price: $175,000

Inventory continues to go down (617 in August) and the Asking Price has gone up by $5K ($170K in August)

——————————————-

Pending Sales

# Pending: 230

Median Asking Price: $165,250

Pending Sales are down a bit from August’s 260 as is the Asking Price ($169,900).

———————————————

Closed Sales- September 2010

# Closed Sales: 147

# Short Sale: 36

# Bank Owned: 49

Median Sales Price: $162, 000

Median Days on Market: 46

Closed Sales-September 2011

# Closed: 167

# Short Sales: 37

# Bank Owned: 28

Median Sales Price: $160,000

Median Days on Market: 42

When we look at the year over year numbers things are certainly swinging back. Number of closed sales for is up (this is also true for month over month – August has 160). The percentage of the sales being distressed has gone down: September 2010- 58%, August 2011-43%, and September 2011-38%. This is a number we need to see continue to decline. However, the Median Sales Price came down a little bit as well: September 2010-$162,000, August 2011- $165,250, and September 2011-$!60,000.

The numbers for the Meridian area still looking very strong and I am optimistic for the next few months to continue with the trend. As long as inventory continues coming down and the number of distressed properties as well, the market will continue its slow but gradual healing.

If you would like to see what homes are currently going for in the Boise Real Estate Market, please go to my website ( no sign up required): www.BoiseRealEstateChick.com

Boise Real Estate Market Stats- Meridian – August 2011

Below are the Boise Real Estate Market Statistics for Meridian for the month of August.  These numbers are based on data from the Intermountain MLS for single family/ single family with acreage.

Available Homes

# Available: 617

# Vacant: 344 (56%)

# Short Sales: 190

# Bank Owned: 30

Median Asking Price: $170,ooo

Inventory continues to go down with the number of distressed properties remaining about the same.

——————————————————-

Pending Sales

# Pending: 260

Median Asking Price: $169,900

The number of pending sales remains almost identical from last month (261 in July). The median asking price however took a dive ($176, 900 in July).

Closed Sales

# Closed: 160

# Short Sales: 33

# Bank Owned: 36

Median Sales Price: $165, 250

Median Days on Market: 44

The number of Closed Sales went up from last month (149 in July) and up from last year (141 in August 2010). The bad news is that the Median Sales Price dropped from lat month ($179,900 in July) but the good news is that the Median Sales Price is higher than it was a year ago ($162,188 in August 2010).  Another interesting thing to note is that year over year numbers indicate that the percentage of distressed properties has dropped. In August 2010 of the 141 sales, 50% were distressed, and in August of 2011 of the 160 sales only 43% were distressed. This is very good to see! It shows that the market is definitely in healing mode.

If you would like to see what available homes are going for in your area please go to my website: www.BoiserealEstateChick.com

Real Estate Statistics for Meridian, Idaho-February 2011

Today’s post we will look at the February 2011 numbers for Real Estate in Meridian, Idaho. These numbers will cover active listings, pending, and sold with my commentary following each grouping.  Please note that the numbers are based on MLS data for single family and single family w/ acreage.

Available Homes

# Available: 688 (as of 3/5/2011)

# Vacant: 399

# Short sales: 223

# Bank Owned: 57

Median Asking Price; $167K

Number of homes on the market is down from January’s 606 and the median asking price went up very slightly from January’s $165K.

Pending Sales:

# Pending: 170

Median Asking Price: $156K

Pendings are up from January’s 152 and the median price dropped from $162,400.

Closed Sales:

# Closed: 105

# Short Sale: 27

# Bank Owned: 35

# of Days on Market: 73

Median Sold Price: $154,875

February closed sales for Meridian actually looks pretty good considering this was a shorter month. Closed sales were up from January’s 97 and the Median Sold Price was almost identical ($155K in January).  59% of the homes sold were distressed which is still way too high. Although the good news is that we are getting those properties moved through the system.

I wanted to point out that I have removed average sales prices.  They just do not reflect prices because we have too much swing in the high and low ends, making the median prices more reliable. I also have started adding in the number of distressed properties (short sale and bank owned) for the available and sold homes. This is because just listing the vacant homes does not give a full picture of what is going on. Not all vacant homes are distressed and not all occupied homes are okay. I have also added Median Days on Market because that is also an important number to watch. This helps homeowners to get a better perspective of how long it may take to move their home if it is reasonably priced. 

Tomorrow I will give the ADA county statistics which will have all of the Boise Real Estate Market as well as Meridian and Eagle. If you would like to see more statistics for the Boise Idaho area please see my posts under the Boise Real Estate Statistics category or go to my website (no sign in required); http://www.BoiseRealEstateChick.com

Advertisements
%d bloggers like this: