Posts Tagged ‘ pricing your home ’

Boise Real Estate Market Statistics – January 2014

Ada County January 2014  Market Statistics

Available Homes
# Available: 2030
# Vacant: 1312 (65%)
# Short Sale: 156 (8%)
# Bank Owned: 58 (3%)
Median Asking Price: $224,900

————————————–

Pending Sales
# Pending: 785
Median Asking Price: $220,000

—————————————

Closed Sales—January 2013
# Closed: 381
# Short Sale: 51 (13%)
# Bank Owned: 31 (8%)
Median Sales Price: $184,990
Median Days on Market: 30

————————————-

Closed Sales—January 2014
# Closed: 405
# Short Sale: 14 (3%)
# Bank Owned: 34 (8%)
Median Sales Price: $208,200
Median Days on Market: 47

—————————————

2014 Starts in a Mixed Way…

The 2014 real estate market has begun! Inventory inched back up and so did the Median Asking Price. We continue to see the distressed inventory dry up but we are also seeing an increase in new build jobs. This will for sure keep the Median Asking Price on the rise.

The number of Pending Sales went up but there was a slight pullback in Median Asking Price. Even with the winter weather hanging around we should continue to see the Pending Sales go up as many buyers try to take advantage of low interest rates.

Closed Sales saw a big pull back from last month but is still up from a year ago. The Median Sold Price was up both month over month and year over year. The Median Days on Market went up but I do expect to see that  start coming back down as we approach March. As home prices rise I also expect to see short sales disappear from the market as sellers finally come out from underwater.

For additional information regarding the Boise Real Estate Market please go to my website: www.BoiseRealEstateChick.com

—————————————-

All numbers are based on data from the Intermountain Multiple Listing Service.

Silvercreek Realty Group – 1099 S Wells St. Ste. 200, Meridian, ID 83642

2014
02/11
CATEGORY
Boise Homes for Sale
Boise Idaho
Boise Real Estate Market News
Boise Real Estate Statistics
Buyers and Sellers
Eagle Idaho
First Time Home Buyers
Selling Your Home
TAGS


















Leave a comment

Boise Real Estate Market Statistics-December 2013

Below are the Boise Real Estate Market Stats for December 2013. These numbers reflect Active, Pending, and Sold single family/ single family with acreage homes. All numbers are from the Intermountain Multiple Listing Service.

Ada County December Market Statistics

Available Homes

# Available: 2002

# Vacant: 1286 (64%)

# Short Sale: 161 (8%)

# Bank Owned: 70 (3%)

Median Asking Price: $220,500

—————————————

Pending Sales

# Pending: 712

Median Asking Price: $229,900

————————————–

Closed Sales—December 2012

# Closed: 477

# Short Sale: 86 (18%)

# Bank Owned: 30 (6%)

Median Sales Price: $179,000

Median Days on Market: 32

————————————–

Closed Sales—December 2013

# Closed: 543

# Short Sale: 28 (5%)

# Bank Owned: 35 (6%)

Median Sales Price: $198,000

Median Days on Market: 35

————————————–

2013 Year End Numbers are in…

2013 proved to be a very strong market for real estate. Sellers finally saw some daylight as home prices moved upward. Buyers had more options with increased inventory and continued low-interest rates. Will 2014 continue the seller’s market? Will buyers be able to stay in the game or will many have to wait it out?

Our current inventory has had some pull back, going down by 15 percent. This is actually a pretty good indicator of a “normal” market as homeowners of existing homes wait until after the holiday season to list their homes. However, my concern is the number of new build jobs out there. Of all the current available inventory (2002 homes), 739 of them are new build jobs. That is 37%percent of the market! If that trend continues it  could make it difficult for existing home sellers (in the under $400K price range) to compete.

Because interest rates seem to be staying in the 3.75 to 4.75 percent range buyers are still getting good deals on their loans. However, prices are rising and I am expecting a very active spring. Sellers are wanting top dollar and are not making too many (if any) concessions on offers they receive. My advice, if you are thinking of buying do so now and make your first offer your best one.

Thinking of Selling?

If you are considering selling your home, don’t wait until the end of April or May! The time to get your home on the market is in March. This gives you a jump-start on the spring sellers who wait. With less competition your home will sell for more and will sell quicker! If you (or someone you know) is thinking about selling, please contact me and I will do a free Current Market Analysis to show you what your home is worth. My contact info: mary@BoiseRealEstateChick.com or got to my website: www.BoiseRealEstateChick.com

My brokerage is :Silvercreek Realty Group, 1099 S Wells St., Ste #200, Meridian, ID 83642

 

 

 

 

 

2014
01/21
CATEGORY
Boise Homes for Sale
Boise Idaho
Boise Real Estate Market News
Boise Real Estate Statistics
Buyers and Sellers
Eagle Idaho
First Time Home Buyers
Home buying or selling tips
Selling Your Home
TAGS




















Leave a comment

Boise Real Estate Market Statistics-August 2013

Below are the Boise Real Estate Market Statistics for August 2013. These numbers reflect single family/single family homes that are Available, Pending, or have Sold and is taken from the Intermountain Multiple Listing Services data.

Ada County August Market Statistics

Available Homes

# Available: 2466

# Vacant: 1260 (51%)

# Short Sale: 194 (8%)

# Bank Owned: 75 (3%)

Median Asking Price: $229,900

———————————————

Pending Sales

# Pending: 1074

Median Asking Price: $209,900

———————————————-

Closed Sales—August 2012

# Closed: 736

# Short Sale:102 (14%)

# Bank Owned: 52 (7%)

Median Sales Price: $180,000

Median Days on Market: 25

——————————————

Closed Sales—August 2013

# Closed: 821

# Short Sale: 49 (6%)

# Bank Owned: 41 (5%)

Median Sales Price: $201,850

Median Days on Market: 21

——————————————–

Good-bye Summer!

The last few months have been outstanding for real estate but our August numbers reflect a slowing down that started occurring in July. This is actually a good thing! The asking prices were moving up faster than the market could allow. I realize there are many who would like to see their home values go back to what they were during the height of the market. That wasn’t a healthy market nor was it sustainable, we certainly do not want to see a repeat!

Available inventory increased again this month as did the number of vacant homes. This is due to an increase in build jobs. Total number of distressed inventory remains at about 12 percent of the market.

Pending Sales are seeing a pullback but has stayed over 1000 for several months now. My guess is that it will stay around the 1000 mark until at least November.

Closed Sales are down from last month as is the Sales Price. We are also seeing the gap between last years sales numbers and this years getting much closer. My guess is that we will see almost identical sales numbers come the November time frame as well.

If you would like additional information regarding the Boise Real Estate Market please go to my website: www.BoiseRealEstateChick.com or e-mail me at mary@BoiseRealEstateChick.com

 

 

2013
09/23
CATEGORY
Boise Homes for Sale
Boise Idaho
Boise Real Estate Market News
Boise Real Estate Statistics
Eagle Idaho
Meridian
Selling Your Home
TAGS

















Leave a comment

Boise Real Estate Market Statistics – July 2013

Below are the Boise Real Estate Market Statistics for July 2013. These numbers are based on information from the Intermountain Multiple Listing Service for single family/single family with acreage homes that are Available, Pending, or have Sold.

Ada County July Market Statistics

Available Homes
# Available: 2312
# Vacant: 1140 (49%)
# Short Sale: 216 (9%)
# Bank Owned: 63 (3%)
Median Asking Price: $233,145

———————————————

Pending Sales
# Pending: 1239
Median Asking Price: $212,500

———————————————

Closed Sales—July 2012
# Closed: 647
# Short Sale: 102 (16%)
# Bank Owned: 56 (9%)
Median Sales Price: $172,000
Median Days on Market: 23

Closed Sales—July 2013
# Closed: 892
# Short Sale: 57 (6%)
# Bank Owned: 46 (5%)
Median Sales Price: $206,487
Median Days on Market: 20

———————————————

Dog Days of Summer

Things have settled down a bit in Ada County! Keep in mind I am speaking relative to our crazy spring. All numbers indicate we are still going very strong but as is typical this time of year, the market flattens out a bit.

Available inventory had another increase by about 300 properties over last month and an increase of over 500 properties since May. We saw another slight pull back in the asking price. Over the past few months it looks as if the median asking price is settling in the $230K range.

The number of Pending Sales pulled back, down another 100 since last month. The median asking price was down as well by $4k.

Oddly the number of Closed Sales was up! Especially considering that we have seen historic highs the past few months and these are July numbers. However, the Median Sales Price is down by about $4k reflecting the pullback in pricing for Available and Pending listings. I think the market will continue to stay relatively strong but I do think as we head into fall, the prices will not be moving much in either direction.

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

 

 

2013
09/01
CATEGORY
Boise Homes for Sale
Boise Idaho
Boise Real Estate Market News
Boise Real Estate Statistics
Eagle Idaho
Meridian
TAGS

















Leave a comment

Canyon County Real Estate Market Statistics- June 2013

Below are the statistics for the Canyon County Real Estate Market for June 2013. These numbers are from the Intermountain MLS for single family/single family with acreage homes for available, pending and sold properties. The Canyon County area consists of Caldwell, Nampa, Middleton, and the surrounding area.
Canyon County June Market Statistics

Available Homes

# Available: 1186

# Vacant: 612 (52%)

# Short Sale: 145 (12%)

# Bank Owned: 43 (4%)

Median Asking Price: $155,254

——————————————

 Pending Sales

# Pending: 583

Median Asking Price: $129,500

——————————————-

Closed Sales—June 2012

# Closed: 261

# Short Sale: 57 (22%)

# Bank Owned: 36 (14%)

Median Sales Price: $103,000

Median Days on Market: 23

 

Closed Sales—June 2013

# Closed: 311

# Short Sale: 35 (11%)

# Bank Owned: 41 (13%)

Median Sales Price: $131,200

Median Days on Market: 14

——————————————-

Summer Market

The Canyon County summer market is behaving as expected. Sales are slowing down a bit,  allowing for inventory to increase. June closed out the spring market with very strong numbers and July is not looking too shabby!

The Available inventory finally starting to inch back up. The Median Asking Price stayed the say from May. As inventory increases we will see the median asking price start to level off or decrease.

The Pending Sales saw a decrease of 12 and the Median Asking price only rose by $4K. As the summer market continues we should see these number continue to shrink a bit.

The number of Closed Sales saw a slight decrease from May. The percent of distressed homes also stayed the same at about 24 percent of the market. The big news is the Median Sales Price! It was up by $7500K from last month and over $9K since April! That is a huge! Year over year it is up by over $28K! Are you thinking of selling? Come on in, the water is definitely warm!

If you would like additional information regarding the value of your home, please go to my website: www.BoiseRealEstateChick.com or you can e-mail me at : mary@BoiseRealEstateChick.com

 

2013
08/26
CATEGORY
Canyon County Real Estate Statistics
TAGS












Leave a comment

Canyon County – By the Numbers….April 2013

Canyon County-By the Numbers…

Number of homes on the market:
April 2011: 1309
April 2012: 926
April 2013: 933

Median Asking Price:
April 2011: $109,000
April 2012: $117,820
April 2013: $151,990

Number of Pending Sales:
April 2011: 470
April 2012: 481
April 2013: 596

Median Sold Price:
April 2011: $79,900
April 2012: $87,000
April 2013: $121,650

Number of Distressed Homes Sold:
April 2011: 230
April 2012: 164
April 2013: 77

The Canyon County area is still in need of decent inventory! Please, if you know anyone who is considering selling their home but they aren’t sure of what they could get, send me their info and I will gladly follow-up! I ALWAYS appreciate your referrals!
For more info, go to my website: http://www.BoiseRealEstateChick.com

2013
06/18
CATEGORY
Canyon County Real Estate Statistics
TAGS












Leave a comment

Boise Real Estate Statistics- April 2013

Below are the Boise Real Estate statistics for the month of April 2013. These numbers are pulled from the Intermountain Multiple Listing Service for Active, Pending, and Sold single family homes/single family homes on acreage. The Boise area consists of Boise, Meridian, Eagle, Kuna, and Star, Idaho.

Boise Area- April 2013 Market Statistics

Available Homes
# Available: 1804
# Vacant: 920 (51%)
# Short Sale: 267 (15%)
# Bank Owned: 50 (3%)
Median Asking Price: $237,869

————————————-

Pending Sales
# Pending: 1388
Median Asking Price: $209,000

————————————-

Closed Sales – April 2012
# Closed: 668
# Short Sale: 141 (21%)
# Bank Owned: 95 (14%)
Median Sales Price: $158,245
Median Days on Market: 39

Closed Sales– April 2013
# Closed: 704
# Short Sale: 86 (12%)
# Bank Owned: 68 (10%)
Median Sales Price: $185,250
Median Days on Market: 20

—————————————

Spring Market Staying Strong!

The frantic pace that we saw in April has finally settled down a bit! Normally this time of year we see an increase in homes coming on the market. However, the inventory has only risen by 12 homes! Due to the lack of inventory, the median asking price is up by another $12K.

With the continued strong spring market, Pending Sales continue to rise as well. April was up (1388) from March’s 1239. And yes, another $10k increase in the Median Asking Price. Year over year the Median Asking Price is up by $29K!

Not surprisingly, the number of homes that Closed for April was up for both month over month, and year over year. What was a bit surprising was that the Median Sales Price remained relatively flat. The number of bank owned and short sales homes that closed was up and may be part of the reason that sold prices didn’t rise. If you look at the Median Days on Market, you can see how frantic the market was for April, it was down to 20 days. This means that homes were getting offers on them within 20 days of being on the market. Not sure the last time I have seen the Median DOM so low!

Please contact me if you would like to have an updated Current Market Analysis done for your home in the Boise area. You can either e-mail me: mary@BoiseRealEstateChick.com or go to my website: http://www.BoiseRealEstateChick.com

 

 

 

2013
05/29
CATEGORY
Boise Homes for Sale
Boise Real Estate Market News
Boise Real Estate Statistics
Eagle Idaho
First Time Home Buyers
Home buying or selling tips
Meridian
Selling Your Home
TAGS




















2 comments

Boise Real Estate Market Statistics -March 2013

Ada County March 2013 Market Statistics

Available Homes

# Available: 1792
# Vacant: 969 (54%)
# Short Sale: 297 (17%)
# Bank Owned: 76 (4%)
Median Asking Price: $225,750

————————————-

Pending Sales
# Pending: 1239
Median Asking Price: $199,900

————————————–

Closed Sales – March 2012
# Closed: 549
# Short Sale: 112 (20%)
# Bank Owned: 107 (19%)
Median Sales Price: $152,500
Median Days on Market: 39

Closed Sales– March 2013
# Closed: 568
# Short Sale: 61 (11%)
# Bank Owned: 44 (8%)
Median Sales Price: $186,762
Median Days on Market: 28

—————————————

March Came in Like a Lion!

This spring market is showing no signs of slowing down! The inventory in Ada County only increased by 63 homes and the median asking price went up another $6850. The distressed market went down again to just 21 percent, down from last months 23 percent.

Pending sales saw another increase, going from 1005 in February to 1239 in March. Median asking price for pending sales went up as well: $199.9k from February’s $193K. Whenever we see an increase here, we know we will see an increase in closed sales prices for the next month.

More strong closed sales, as March was up year over year and month over month. Distressed sales are down to less than 19 percent of the sold market.  Closed sales prices were up another $4762 and days on market are down to 28. In fact, Ada County currently has less than four months of inventory.

Speaking of inventory, yes, I know I keep saying this but the Ada County area really is in need of some decent inventory. Houses are moving in 28 days or less right now and usually at full asking price. PLEASE, if you know anyone thinking of selling a home, pass my name along to them or send me their info: mary@BoiseRealEstateChick.com or go to my website :  www.BoiseRealEstateChick.com

 

 

 

2013
04/30
CATEGORY
Boise Homes for Sale
Boise Real Estate Market News
Boise Real Estate Statistics
Eagle Idaho
Meridian
TAGS


















Leave a comment

Boise Real Estate Market Statistics -January 2013

Below are the Boise Real Estate Market statistics for January 2013. These numbers are taken from the Intermountain MLS and reflect active, pending, and sold single family homes/single family homes on acreage. The Ada County area consists of Boise, Meridian, Eagle, Kuna, and Star.

January Market Statistics

Available Homes
# Available: 1668
# Vacant: 956 (57%)
# Short Sale: 358 (21%)
# Bank Owned: 54 (3%)
Median Asking Price: $209,700

—————————————

Pending Sales
# Pending: 878
Median Asking Price: $189,900

—————————————-

Closed Sales – January 2012
# Closed: 402
# Short Sale: 94 (23%)
# Bank Owned: 120 (30%)
Median Sales Price: $138,000
Median Days on Market: 57

Closed Sales – January 2013
# Closed: 358
# Short Sale: 47 (13%)
# Bank Owned: 41 (11%)
Median Sales Price: $182,995
Median Days on Market: 28

—————————————

Spring Market?!?

It may feel like winter but the spring market seems to be arriving early! Homes priced correctly are being snatched up in a matter of days as inventory continues to decline. Ada County is down to just 1668 homes available and if we remove the contingent sales, it is down to 1360. Because of the lack of inventory and the buyer demand, the median asking price jumped $10k!

Pending sales increased this month as did the median asking price for Meridian and Eagle. I expect we will see an increase in Closed Sales for February.

Closed Sales for January saw another decrease in the number of units sold. However, the median Closes Sales Price went up, as Days on Market went down. We continue to see a decrease of distressed homes on the market. If we look at January 2012 we see that 53 percent of the homes that sold were distressed, while January 2013 is only 24 percent.

I do believe that if there were more homes available the Pending and Sold numbers would be higher. We are seeing a large number of buyers from California looking to move here over the next few months. Unfortunately there is not much inventory to show them. So, if you or someone you know are thinking about selling, please let me know!

If  you are considering selling your home or know someone who is, please contact me via e-mail: mary@BoiseRealEstateChick.com or go to my website for other contact info.,  www.BoiseRealEstateChick.com

 

 

 

 

2013
02/18
CATEGORY
Boise Homes for Sale
Boise Real Estate Market News
Boise Real Estate Statistics
Buyers and Sellers
Eagle Idaho
First Time Home Buyers
Meridian
Selling Your Home
TAGS



















Leave a comment

Boise Real Estate Market Statistics – October 2012

Below are the Boise Real Estate Market Statistics for October 2012. These numbers are from the Intermountain Multiple Listing Service for available, pending, and sold, single family home/single family homes on acreage. These stats reflect the ADA County area that consists of Boise, Meridian, Kuna, Eagle, and Star, Idaho.

Ada County – October Market Statistics

Available Homes

# Available: 2019

# Vacant: 1043 (52%)

# Short Sale: 421 (21%)

# Bank Owned: 50 (2%)

Median Asking Price: $204,900

 ——————————————–

Pending Sales

# Pending: 987

Median Asking Price: $179,900

 ———————————————

Closed Sales – October 2011

# Closed: 553

# Short Sale: 105 (19%)

# Bank Owned: 127 (23%)

Median Sales Price: $149,900

Median Days on Market: 36

 

Closed Sales– October 2012

# Closed: 641

# Short Sale: 89 (14%)

# Bank Owned: 66 (10%)

Median Sales Price: $176,500

Median Days on Market: 30

 ——————————————

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! For more information regarding the Boise Real Estate market please go to my website: www.BoiseRealEstateChick.com or e-mail me: mary@BosieRealEstateChick.com

 

 

 

2012
11/26
CATEGORY
Boise Real Estate Statistics
TAGS





















Leave a comment