Posts Tagged ‘ real estate ’

Boise Real Estate Market Statistics-April 2018

Ada County
April Market Statistics

Available Homes
# Available: 1204
# Vacant: 804 (67%)
# Short Sale: 3 (<1%)
# Bank Owned: 3 (<1%)
Median Asking Price: $396,475

Pending Sales
# Pending: 1937
Median Asking Price: $328,000

Closed Sales—April 2017
# Closed: 884
# Short Sale: 2 (<1%)
# Bank Owned: 7 (1%)
Median Sales Price: $252,769
Median Days on Market: 7

Closed Sales—April 2018
# Closed: 914
# Short Sale: 0 (0%)
# Bank Owned: 3 (<1%)
Median Sales Price: $296,900
Median Days on Market: 6


April Showers…

As we head into the full Spring Market we finally see an increase in Available Inventory. Okay so it is only up by 53 homes but at least we did not continue to slide backwards. Median asking price is up by $15K to $396K., slowly inching our way to the $400K mark.
Interesting to note is that in the past year the median asking price has normally gone up by $3K-$5K each month. Then in January 2018 the price jumped by over $20K and then up by another $10K in February, holding steady in March and now jumping again another $15K.

That being said, while we saw the Median Sales price for Sold homes go over the $300K for last month, it actually came down by $10K. I do think that we will see some fluctuation in and around the $300K range until that price is the new bottom.
Inventory is still too low so if you are thinking of selling or know someone who is, please contact me for a free Comparable Market Analysis (CMA).

Brokerage: Silvercreek Realty Group 1099 S Wells St Suite 200, Meridian ID 83642

 

Boise Real Estate Market Statistics-January 2015

Ada County January 2015 Market Statistics

Available Homes

# Available: 1902

# Vacant: 1259 (66%)

# Short Sale: 80 (4%)

# Bank Owned: 44 (2%)

Median Asking Price: $249,995

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Pending Sales

# Pending: 825

Median Asking Price: $240,000

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Closed Sales—January 2014

# Closed: 435

# Short Sale: 15 (3%)

# Bank Owned: 35 (8%)

Median Sales Price: $209,900

Median Days on Market: 46

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Closed Sales—January 2015

# Closed: 431

# Short Sale: 17 (4%)

# Bank Owned: 31 (7%)

Median Sales Price: $222,300

Median Days on Market: 43

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Great Start to the New Year!

2015 is off to a great start! Inventory continues to stay under 2000 and the median asking price continues for the fourth month in a row to stay flat. I do expect to start seeing both of these on the rise in the next month or so.

We should expect to see an increase in buyers as many of those who had to short sale their homes 4 or more years ago re-enter the market. Their loans will not be as optimal, interest rate wise. This means that although they can now purchase they will pay a slightly higher interest rate because their credit score took a little bit of a hit.

Pending Sales was up by 133 since last month. That is a nice increase although the median asking price for pending sales was down by $8K month over month. This should also translate into increased number of closed sales for February.

The number of closed sales was down month over month. This is primarily because January closed sales were up against December’s year end rush to close numbers. However, when we look at the numbers year over year they are almost identical, and the closed sales price is up both month over month and year over year. Overall, I would say we are off to a very good start to what I think is going to be an exceptional year in real estate!

Brokerage is Silvercreek Realty Group, 1099 S Wells Ave Ste 200, Meridian, ID 83642

Boise Real Estate Market Statistics-February 2014

Ada County February 2014 Market Statistics

Available Homes
# Available: 2008
# Vacant: 1303 (65%)
# Short Sale: 152 (8%)
# Bank Owned: 68 (3%)
Median Asking Price: $230,495

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Pending Sales
# Pending: 889
Median Asking Price: $220,000

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Closed Sales—February 2013
# Closed: 491
# Short Sale: 67 (14%)
# Bank Owned: 31 (6%)
Median Sales Price: $178,900
Median Days on Market: 39

Closed Sales—February 2014
# Closed: 431
# Short Sale: 23 (5%)
# Bank Owned: 35 (8%)
Median Sales Price: $199,000
Median Days on Market: 47

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Not Quite a Spring Market…Yet

February’s inventory was down from last month and is normally one of the lower months of the year. Other than a slight increase in the asking price, everything else within the Available market is relatively flat. This year’s market feels a little different than last year’s, to me anyway. I am not getting that same sense of urgency to sell or buy. I think the increase in prices has people looking a lot more carefully at what they may be getting for their money.

The number of Pending Sales was up pretty substantially from last month but the Median Asking Price remained flat. This indicates that we will see higher Closed Sales for March and probably a slight uptick in Closed Sales Price.

Closed Sales were down again but this was anticipated due to the lower number of Pending Sales in January. The Median Sold price was down by about $9K giving back all of January’s price increase. The Median Days on Market has started to come down. Homes that are priced correctly and are move-in ready are generally getting offers within the first week or two.

Of special note: Take a look at Eagle’s number of Short Sales and Reo’s that Sold in February. That is right! The number was zero! Making February a completely traditional sales month!

 

 

Boise Real Estate Market – September 2013

Below are the numbers for Active, Pending and Sold properties in the Boise Real Estate Market area for September 2013. These numbers are based on info from the Intermountain Multiple Listing Service for single family/single family with acreage homes.

Ada County (Boise) September Market Statistics

Available Homes
# Available: 2525
# Vacant: 1350 (53%)
# Short Sale: 180 (7%)
# Bank Owned: 74 (3%)
Median Asking Price: $230,000

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Pending Sales
# Pending: 916
Median Asking Price: $221,839

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Closed Sales—September 2012
# Closed: 580
# Short Sale:92 (16%)
# Bank Owned: 36 (6%)
Median Sales Price: $174,850
Median Days on Market: 23

Closed Sales—September 2013
# Closed: 701
# Short Sale: 37 (5%)
# Bank Owned: 24 (3%)
Median Sales Price: $194,000
Median Days on Market: 21

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Fall is Upon Us!

More than leaves are falling in the Ada County real estate market! The seasonal pullback continues and I expect it to remain flat into early 2014. Although we may see a slight increase in activity towards the end of this year which is historically typical. Even with that I don’t anticipate any major jumps in pricing before next spring.

As you can see inventory is continuing to go up as builders try to take advantage of what was a low inventory market. However, the new inventory is starting to out pace demand and could result in shifting us back into a buyers market as existing homes try to compete with the new homes.

With the cooling off of sales, Pending Sales are now under 1000 for the first time in several months. Expect to see that trend into spring time.

The number of Closed Sales are down again month over month but are still above last year.    For the first time since May of this year we are under a $200K sales price. Meanwhile the distressed sales made up less than 8 percent of sold properties. We may see the number of bank owned homes for sale go up a little as the lenders try to unload inventory before the end of the year.

If you would like additional information regarding the Boise Real Estate Market, please go to my website: www.BoiseRealEstateChick.com

 

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

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

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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

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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

 

 

Canyon County Real Estate Market Statistics- April 2013

Below are the Canyon County Real Estate Market statistics for April 2013. These numbers reflect the single family/single family homes on acreage that are active, pending, or have sold in the Canyon County area during April 2013. Canyon County consists of Caldwell, Nampa, Middleton and the surrounding area. All data is from the Intermountain Multiple Listing Service.

Canyon County April 2013 Market Statistics

Available Homes
# Available: 933
# Vacant: 490 (53%)
# Short Sale: 167 (18%)
# Bank Owned: 39 (4%)
Median Asking Price: $151,990

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Pending Sales
# Pending: 596
Median Asking Price: $125,000

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Closed Sales – April 2012
# Closed: 279
# Short Sale: 78 (28%)
# Bank Owned: 89 (32%)
Median Sales Price: $87,300
Median Days on Market: 42

Closed Sales– April 2013
# Closed: 241
# Short Sale: 38 (16%)
# Bank Owned: 39 (16%)
Median Sales Price: $121,650
Median Days on Market: 2

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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 21 homes! Due to the lack of inventory, the median asking price is up by another $6K.

With the continued strong spring market, Pending Sales continue to rise as well. April was up (596) from March’s 465. Year over year the Median Asking Price is up by $45,100!

We have seen a slight pull back in the number of homes sold this month. With the decrease of distressed homes on the market we saw an increase in the sold price. The number of distressed homes this month on the market is down to 32 percent. This time last year, 60 percent of the homes sold were distressed.

With the decrease in active distressed listings and the overall lack of listings, it is pretty safe to say that Canyon County has finally entered the “normal” market!

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

 

 

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

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

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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

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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

 

 

 

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