Posts Tagged ‘ real Estate in Meridian Idaho ’

Boise Real Estate Market Statistics-July 2017

Ada County July Market Statistics

Available Homes
# Available: 1927
# Vacant: 1202 (62%)
# Short Sale: 9 (<1%)
# Bank Owned: 5 (<1%)
Median Asking Price: $325,000

————————————————-

Pending Sales
# Pending: 1773
Median Asking Price: $299,500

————————————————–

Closed Sales—July 2016
# Closed: 1105
# Short Sale: 6 (<1%)
# Bank Owned: 10 (1%)
Median Sales Price: $243,000
Median Days on Market: 11

—————————————————-

Closed Sales—July 2017
# Closed: 1101
# Short Sale: 3 (<1%)
# Bank Owned: 11 (1%)
Median Sales Price: $269,900
Median Days on Market: 9

—————————————————————————————————————————————–

Dog Days of Summer are Here!

The summer market is in full swing and with that we do see an increase in inventory (+104) but still have not gone over that 2000 mark! The market is doing its usual slowing of pace for the summer. Homes priced under $300K are still going quick!

We also see a slight (very slight) pull back on Pending sales, down by 25 but is still well above last year! Considering we have lower available inventory this year compared to last year, having a higher number of Pending sales speaks to the high demand.

Continuing the light seasonal pullback trend are the Closed sales. Also down month over month by–139 and interestingly down by –4 year over year. Closed sales price was down by $4K month over month but up by $26K year over year.

As we head further into August and September I do not see much changing in inventory or pricing. We are staying pretty steady. This is still a very strong sellers market so you know what I am going to say next: if you are thinking of buying or selling a home (or know someone who is) please contact me! I will be happy to help! Have a wonderful Labor Day weekend!

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


 

Boise Real Estate Market Statistics-October 2016

Ada County October Market Statistics

Available Homes

# Available: 1996

# Vacant: 1295 (65%)

# Short Sale: 18 (<1%)

# Bank Owned: 23 (1%)

Median Asking Price: $289,250

—————————

Pending Sales

# Pending: 1352

Median Asking Price: $259,900

—————————-

Closed Sales—October 2015

# Closed: 818

# Short Sale: 9 (1%)

# Bank Owned: 14 (2%)

Median Sales Price: $228,900

Median Days on Market: 22

——————————

Closed Sales—October 2016

# Closed: 902

# Short Sale: 3 (<1%)

# Bank Owned: 8 (1%)

Median Sales Price: $253,299

Median Days on Market: 15

——————————–

Inventory is Dropping Fast!

The current available inventory has dropped significantly since last month. It is now down by 247 homes and under the 2000 mark. For a point of reference, in 2010, the year before we hit bottom, the number of available homes was 3232. In 2012, the year after we hit bottom, the inventory was 2019. We are now below that at 1996 homes available!

The Pending sales are down by 71 homes from last month but still above last years total. Interestingly, the asking price has not really changed much being up by $2K year over year.

The Closed sales are down by 102 month over month but still ahead of year over year totals. The item to note in this months closed sales is the Days On Market (DOM). They are staying steady at 15 days. Typically this time of year we start seeing the mid 20’s to low 30’s time frame for days on market. We really have not gone over 15 DOM in the past six months. This really speaks to the fact that we just do not have enough inventory!

Many people are afraid to list their homes during the holiday/ winter months. However, this is usually the best time to list a home because competition is low and this year it is VERY low. So if you or someone you know are thinking of selling, PLEASE give me a call! I am here to help!

For more 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

 

Boise Real Estate Market Statistics-September 2016

Ada County September Market Statistics

Available Homes

# Available: 2213

# Vacant: 1331 (60%)

# Short Sale: 20 (1%)

# Bank Owned: 20 (1%)

Median Asking Price: $288,500

————————–

Pending Sales

# Pending: 1423

Median Asking Price: $266,767

————————–

Closed Sales—September 2015

# Closed: 859

# Short Sale: 13 (1%)

# Bank Owned: 20 (2%)

Median Sales Price: $232,500

Median Days on Market: 23

————————–

Closed Sales—September 2016

# Closed: 1004

# Short Sale: 5 (<1%)

# Bank Owned: 8 (<1%)

Median Sales Price: $250,000

Median Days on Market: 15

————————–

Real Estate Market is Flat!

In September we normally see a bit of a slowing down and that is what we are seeing now. Inventory is pretty flat at the moment with no real change to the number of available homes on the market. Although there was an increase in the Asking Price, up by $7K month over month.

Our Pending sales are down slightly from last month but are up from this same time last year. The limited inventory has not dampened the number of homes that are going under contract. This may actually be forcing some to hurry up and make offers before a home gets snatched up by another buyer.

The Closed sales are down by only 34 homes compared to last month. Once again though, the number of sales are much higher since last year (up by 145). The sales price is down by $3K month over month but up by $18K year over year. The distressed part of our market is all but gone! We had a total of 13 homes that were either short sales or bank owned.

We will soon see what the rest of the Fall season brings and how the elections will impact (or not) the real estate market!

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

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

 

 


 


 

 

 

 

Boise Real Estate Market Statistics-September 2015

Ada County September Market Statistics

Available Homes

# Available: 2427

# Vacant: 1358 (56%)

# Short Sale: 67 (3%)

# Bank Owned: 27 (1%)

Median Asking Price: $275,900

——————————————

Pending Sales

# Pending: 1235

Median Asking Price: $254,900

——————————————-

Closed Sales—September 2014

# Closed: 698

# Short Sale: 12 (2%)

# Bank Owned: 34 (5%)

Median Sales Price: $202,495

Median Days on Market: 27

——————————————

Closed Sales—September 2015

# Closed: 839

# Short Sale: 13 (1%)

# Bank Owned: 20 (3%)

Median Sales Price: $230,000

Median Days on Market: 25

——————————————

Let Fall Begin!

September numbers for the real estate market look a lot like Augusts. There was no big movement up or down in any of the categories. However, with inventory going down, prices will continue to move up. As we head into the winter months, if prices continue to inch up, our spring market is going to see a pretty substantial increase in pricing. Buyers that are thinking about purchasing should probably do so within the next few months while interest rates are still low and prices somewhat affordable!

Inventory for August was down slightly but asking price was up by $7K month over month. The distressed market (short sales and bank owned) is almost non-existent (less than 4 percent) which in turn is helping the increase in pricing.

Pending sales continue their pullback but not by much! Usually by this time of year we are under 1000 but as of right now we are staying above that. It will be interesting to see where we are at the end of November. If we continue over 1000 at that point, it will be record-setting!

Closed sales saw a slight decrease and sales price was relatively flat month over month. But year over year is a totally different story! This time last year the number of closed sales was 698 and the sales price was $202K. September 2015 is well above that!

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

Brokerage: Silvercreek Realty Group 1099 S Wells Ave Ste 200 Meridian Idaho 83642

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

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

%d bloggers like this: