Posts Tagged ‘ Nampa Idaho homes for sale ’

Canyon County Real Estate Market Statistics – July 2011

Here are the numbers for Canyon County real estate market for July 2011. Canyon County consists of Caldwell, Nampa, Middleton, and the surrounding area. All numbers reflect single family, single family with acreage from the Multiple Listing Service.

Available- July 2011

# Available: 1157

# Vacant: 539 (46%)

# Short Sale: 471

# Bank Owned: 85

Median Asking Price: $110,000

Number of Available homes has dropped again (1216 in June), unfortunately so has the Asking Price. This is good for buyers, who continue to get amazing deals, but bad for the “regular” sellers who continue to be punished by having to compete with the distressed homes on the market.

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Pending Sales – July 2011

# Pending: 413

Median Asking Price: $85,000

Bad news: # of Pending Sales is down. Good News: Median Asking Price is up slightly. July is a typically slow time in the real estate market as buyers are vacationing or feel it is just too hot to drive around and look at property. We will watch August numbers to see if there is an improvement.

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Closed Sales – July 2011

# Closed: 275

# Short Sale: 57

# Bank OWned: 120

Median Sales Price: $80,000

Median Days on Market: 38

While Closed Sales are down compared to the last few months when looking at year over year though, closings are actually up. In July 2010 there were only 235 closings, so the 275 this month does not look as bad! Median Sales Price is down by $2k from June so once again we will have to wait and see how August looks to determine which way the market will trend for the fall.

If you would like to see some of the great deals in the Canyon County area please go to my website (no sign in required) and browse around. If you see a property that you would like additional information on please contact me through my website : www.BoiseRealEstateChick.com

 

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Canyon County Real Estate Market Statistics- May 2011

Below are the Canyon County real estate market statistics for May of 2011. Canyon County includes Nampa, Caldwell, Middleton and surrounding area. These numbers are based on single family/single family with acreage from the Multiple Listing Service.

Available-May 2011

# Available: 1230

# Vacant: 580

# Short Sale: 490

# Bank Owned: 121

Median List Price: $114,900

Good news regarding the inventory; it is continuing to drop: March(1362), April (1309). Bad news is that 50% of the available homes are distressed properties. We need to see this percentage go down before prices can recover.

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Pending Sales-May 2011

 # Pending: 513

Median Asking Price: $85,900

Pending Sales were up very nicely from April’s 470 as was the median asking price of $79K. This will hopefully translate into higher number f closings and an increase in sales price.

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Closed Sales-May 2011

# Closed: 296

# Short Sale: 62

# Bank Owned: 170

Median Sales Price: $73,750

Median Days on Market: 49

Not so good news here! The number of closed is down from April’s 305 as was the median list price of $79.9K. Days on market stayed about the same but the number of distressed properties was 232 (78%). That percentage absolutely has to come down or the sales prices could continue to fall.

If you would like to see what homes are available in the Canyon County area please go to my website (no sign up required): www.BoiseRealEstateChick.com  Please feel free to contact me through my website!

 

Nampa Idaho Real Estate Statistics for March 2011

The other day we looked at Caldwell real estate stats, now we will look at the other large area of Canyon County- Nampa. This particular area is similar to Caldwell in that it has a mix of old and new homes, as well as homes on acreage. Nampa is located next to Meridian and about 30 minutes west(outside of rush hour) from Boise. The statistics are for single family/single family with acreage.

Available Homes

# Available: 746

#Vacant: 390

# Short Sale: 310

# Bank Owned: 106

Median Asking Price: $104,900

56% of the homes for sale are distressed with the largest percentage being short sales.  The good news is that the short sales are not necessarily what brings the prices down but the bank owned properties. Hopefully many of these short sales will close before they become foreclosed on. That is when the banks usually get them back (not too many who show up at the auctions are wanting to pay what is owed on the property to clear the debt, so the property defaults back to the lender). The bank then prices the properties well below market which is what has been dragging the prices down.

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Pending Sales

# Pending: 200

Median Asking Price: $84,450

There is a big difference in the current active list prices versus the pending list price so it will be interesting to see if April pending sales prices inch up a bit.

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Closed Sales 2010

# Closed: 148

# Short Sales: 22

# Bank Owned: 87

Median Sales Price: $97,900

Median Days on Market: 46

Closed Sales 2011

# Closed: 182

# Short Sales: 36

# Bank Owned: 104

Median Sales Price: $80,000

Median Days on Market: 55

We can see that the median sales price has dropped over $17k compared to last March but 34 more houses sold in March 2011. But the price drop should come as no surprise since 77% of the homes that sold in March were distressed with the bulk being bank owned properties.  This is a huge percentage and the Nampa real estate market can not begin to correct itself until this percentage drops to less than 20%.  This could still be another  two years out!

If you would like more information regarding the Nampa real estate market or are thinking of buying (very good time to do so) or selling, please go to my website for more information (no sign up required): www.BoiseRealEstateChick.com

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