Posts Tagged ‘ Nampa Idaho real estate statistics ’

Canyon County Real Estate Statistics-Dec 2012

Below are the Canyon County Real Estate Statistics for December 2012. Canyon County consists of Caldwell, Nampa, Middleton, and surrounding areas. All numbers are taken from the Intermountain Multiple Listing Service for single family and single family with acreage.

Canyon CountyDecember Market Statistics

Available Homes

# Available: 875

# Vacant: 516 (59%)

# Short Sale: 210 (24%)

# Bank Owned: 51 (6%)

Median Asking Price: $129,900

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Pending Sales

# Pending: 313

Median Asking Price: $104,900

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Closed Sales – December 2011

# Closed: 224

# Short Sale: 56 (25%)

# Bank Owned: 121 (52%)

Median Sales Price: $78,050

Median Days on Market: 29

Closed Sales– December 2012

# Closed: 196

# Short Sale: 41 (21%)

# Bank Owned: 31 (21%)

Median Sales Price: $99,406

Median Days on Market: 30

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The New Year is Here!

Happy New Year! Let us hope and pray that this year will be one of the best we have had in recent years. As the saying goes, “success is 99 percent attitude and 1 percent aptitude”. So let us get our positive attitudes going!

Inventory continues to decline! We are down to 875 homes in Canyon County and if we take out the homes that are contingent short sales, the number of Available homes is around 607. I have not seen this low of an inventory since I became a Realtor over seven years ago!

The number of Pending Sales is down and is to be expected this time of year. Interesting to note is that the median Asking Price is up by $5k since last month for the Caldwell area.

Closed Sales for December saw a pullback as well. I think this is due to the combination of low inventory and the typical holiday seasonal slowdown. With the lower Pending Sales number, we will see if January has lower Closed Sales as well.

Overall, I think 2013 is going to be somewhat similar, sales wise, to 2012. Continuing

another year of it being a good time to be a buyer and/or a seller. Prices will inch up around 5 to 6 percent due to low inventory (good for sellers) and the decrease in the number of distressed properties (35 percent of homes for sale in December 2011 were

distressed, December 2012 was at 25 percent). Good for buyers, is the fact that interest rates are expect to stay at historic lows this year!

If you would like to know what the current value of your home is you can contact me either through my website: http://www.BoiseRealEstateChick.com or e-mail me: mary@BoiseRealEstateChick.com

Canyon County Real Estate Market Statistics-November 2012

Canyon County November Market Statistics

Available Homes

# Available: 918

# Vacant: 499 (54%)

# Short Sale: 219 (24%)

# Bank Owned: 38 (4%)

Median Asking Price: $133,490

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Pending Sales

# Pending: 366

Median Asking Price: $103,750

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Closed Sales – November 2011

# Closed: 244

# Short Sale: 55 (23%)

# Bank Owned: 105 (43%)

Median Sales Price: $85,000

Median Days on Market: 41

 

Closed Sales– November 2012

# Closed: 237

# Short Sale: 57 (24%)

# Bank Owned: 48 (20%)

Median Sales Price: $104,675

Median Days on Market: 30

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Winter Market is Here!

Well it looks like our winter market is here! The Available inventory has gone down again with the median Asking Price going up from last month (up by $4k). The number of Bank Owned homes on the market is down to only 38 (4 percent of the market). This time last year there were 75 Bank Owned homes available (8 percent of the market).

Pending Sales continue to be on the decrease, also consistent with the winter market. However, the median Asking Price had a slight pull back in Canyon County. We will see if this translates into a decrease in the median Closed Sales price for December.

The number of November Closed Sales was down as well as the median Sales Price. Year over year though, 2012 has proven to be dramatically better than 2011. We have seen the number of distressed properties go down, the Sales Price go up and even the number of homes sold go up as well.

All indications are that we will end 2012 very strong and that 2013 looks to be an even better year. Prices are expected to rise by about 4 to 7 percent, and interest rates are supposed to stay around the 3.75 percent mark for at least another 9 months. So, if you are thinking of buying or selling, 2013 may be the year to do so!

If you would like more information regarding the Canyon County area, please go to my website: www.BoiseRealEstateChick.com or e-mail me: mary@BoiseRealEstateChick.com

 

 

 

Canyon County Real Estate Market Statistics for October 2012

Below are the Real Estate Market Statistics for October 2012. These numbers are from the Intermountain Multiple Listing Service for single family and single family on acreage. Canyon County consists of Caldwell, Nampa, Middleton and surrounding areas.

Canyon County October Market Statistics

Available Homes

# Available: 994

# Vacant: 511 (51%)

# Short Sale: 241 (24%)

# Bank Owned: 40 (4%)

Median Asking Price: $129,900

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Pending Sales

# Pending: 418

Median Asking Price: $109,000

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Closed Sales – October 2011

# Closed: 285

# Short Sale: 77 (27%)

# Bank Owned: 137 (48%)

Median Sales Price: $82,000

Median Days on Market: 41

Closed Sales– October 2012

# Closed: 285

# Short Sale: 67 (23%)

# Bank Owned: 49 (17%)

Median Sales Price: $107,000

Median Days on Market: 35

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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! Go to my website: www.BoiseRealEstateChick.com

or you can send me an e-mail: mary@BoiseRealEstateChick.com if you have any questions or would like to know the value of your home or how much of a home you can afford.

Canyon County Real Estate Statistics -September 2012

Below are the Canyon County real estate statistics for September 2012. Data is from the Intermountain Multiple Listing Service with the numbers reflecting available, pending, and sold, single family/single family with acreage. Canyon County consists of Nampa, Caldwell, Middleton and surrounding areas.

Canyon County September Market Statistics

Available Homes

# Available: 974                    

# Vacant: 493 (51%)

# Short Sale: 273 (28%)

# Bank Owned: 36 (4%)

Median Asking Price: $131,145

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Pending Sales

# Pending: 468

Median Asking Price: $108,400

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Closed Sales – September 2011

# Closed: 260

# Short Sale: 67 (26%)

# Bank Owned: 111 (43%)

Median Sales Price: $79,500

Median Days on Market: 49

Closed Sales– September 2012

# Closed: 260

# Short Sale: 56 (21%)

# Bank Owned: 49 (19%)

Median Sales Price: $104,716

Median Days on Market: 28

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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!

An interesting item that I noticed when gathering my statistics for this past month was the List Price to Sales Price (median). List Price is what the seller lists the home for and the sales price is what it actually sells for. For Canyon County LP/SP was 100+ percent (LP-$104,250/ SP-$104,716). In Nampa it was 100+ percent (LP- $108,500/ SP- $108,900)and in Caldwell it was at 101 percent (LP- $100,961/SP-$102,000).

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 your home is possibly worth in this current market, please contact me through my website: www.BoiseRealEstateChick.com

Canyon County Real Estate Market Statistics – August 2012

Below are the real estate market statistics for Canyon County – August 2012. These numbers reflect the data taken from the Intermountain Multiple Listing and are based on single family/single family with acreage. Canyon County consists of Nampa, Caldwell, Middleton, and surrounding area.

Canyon County August Market Statistics

Available Homes

# Available: 989                    

# Vacant: 495 (50%)

# Short Sale: 303 (31%)

# Bank Owned: 39 (4%)

Median Asking Price: $129,240

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Pending Sales

# Pending: 490

Median Asking Price: $109,900

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Closed Sales – August 2011

# Closed: 291

# Short Sale: 64 (22%)

# Bank Owned: 133 (46%)

Median Sales Price: $78,500

Median Days on Market: 37

 

Closed Sales– August 2012

# Closed: 292

# Short Sale: 79 (27%)

# Bank Owned: 51 (17%)

Median Sales Price: $105,960

Median Days on Market: 29

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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.

Have you wondered why we are seeing an increase in the number of vacant homes on the market even though the number of distressed properties is decreasing? Looking at the data, I have concluded that the increase is coming from a certain builder, (no names mentioned but you know who he is!) who has increased the number of homes he is building. This is both good and bad. Good because building new homes employs more people, gives more choices for home selection but bad because this particular builder is able to sell below market price, hurting existing home prices. Hopefully during this building boom, he will not over build!

If you would like to see how much home you can afford please go to my website and use the mortgage calculator, www.BoiseRealEstateChick.com

 

 

 

 

 

Canyon County Real Estate Statistics for July 2012

Below are the real estate statistics for Canyon County (Namp, Caldwell, Middleton and the surrounding area). All numbers are based on input from the Intermountain Multiple Listing Service for Available, Pending, and Sold homes (residential and residential with acreage. Condos and Townhomes not included).

Canyon County July Market Statistics

Available Homes

# Available: 991                    

# Vacant: 472 (48%)

# Short Sale: 332 (34%)

# Bank Owned: 44 (4%)

Median Asking Price: $128,590

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Pending Sales

# Pending: 535

Median Asking Price: $110,325

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Closed Sales – July 2011

# Closed: 292

# Short Sale: 63 (22%)

# Bank Owned: 156 (53%)

Median Sales Price: $79,900

Median Days on Market: 40

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Closed Sales– July 2012

# Closed: 251

# Short Sale: 62 (25%)

# Bank Owned: 50 (20%)

Median Sales Price: $105,000

Median Days on Market: 35

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Real Estate Market Stays Strong!

 July is usually a slower month but for the Canyon County area we saw a continued upward trend. The market here seems to be showing no signs of slowing down! We are still seeing homes selling in a matter of days with multiple offers.

 The Median Asking Price for homes coming on the market is continuing to go up and we are seeing the number of distressed properties coming on, going down. While 40 percent of the market was distressed in June, it is down to 38 percent for July.

While the number of Closed Sales remained about the same as last month, the Median Sales price was up again. This is even with a slight increase in distress sales properties moving through, that normally would bring median sales prices down. That increase in short sales is also the reason the Median Days on Market went up a bit.

 Looking at year over year sales, it is incredible to see the difference a year can make. While there were more homes sold during July of 2011, the Median Sales Price was $79.9K, and this year the Median Sales Price is $105K! That is quite the difference and further proof that Canyon County is on the mend!

 If you would like to know what the current value of your home is in the Ada and Canyon County areas, please go to my website: www.BoiseRealEstateChick.com or e-mail me: mary@BoiseRealEstateChick.com

 

 

 

Canyon County Real Estate Market Statistics- June 2012

Below are the Canyon County Real Estate Market Statistics for  June 2012. Canyon County consists of Caldwell, Nampa, Middleton and surrounding areas. All numbers are based on single family/single family homes on acreage that are Available, Pending, or have Closed and are taken from data provided by the Intermountain Multiple Listing Service. 

 

June Market Statistics-2012

Available Homes

# Available: 985

# Vacant: 467 (47%)

# Short Sale: 340 (35%)

# Bank Owned: 51 (5%)

Median Asking Price: $125,000

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Pending Sales

# Pending: 514

Median Asking Price: $109,900

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Closed Sales – June 2011

# Closed: 346

# Short Sale: 76 (22%)

# Bank Owned: 176 (51%)

Median Sales Price: $83,075

Median Days on Market: 41

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Closed Sales– June 2012

# Closed: 254

# Short Sale: 54 (21%)

# Bank Owned: 46 (18%)

Median Sales Price: $102,576

Median Days on Market: 23

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Shifting into a Seller’s Market!

 As we settle into the dog days of summer we see the Real Estate market still going strong. July is typically a little slower due to summer vacations and the heat. While things seem to have slowed down a bit, the June numbers are showing a continuing healthy upward trend.

 Inventory has barely budged and the asking price remains the same. This holds true for all areas of Canyon County. We continue to see a decrease in distressed homes coming onto the market.

 The Pending Sales remain strong and are up a bit from last month. The Asking Price for these are up by $7K. I think we will see another jump in Closed Sales prices for July.

The number of Closed Sales was down slightly for June but the Sales Price is up dramatically. The Median Sales Price for May was $88.5K and for June it was $102,576. Pending Sales seem to be the marker for the next month’s Closed Sales, and if that is the case here, we could see $109K as next months  Closed Sales price!

Due to the low inventory we are seeing incredibly low Median Days on Market. Last month was 38 and is now at 23! It is safe to say that Canyon County has entered the Seller’s Market!

 If you would like additional information regarding the Canyon County Real Estate Market, please go to my web site: www.BoiseRealEstateChick.com or e-mail me: mary@BoiseRealEstateChick.com

 

 

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