Posts Tagged ‘ real estate ’

Canyon County Real Estate Market Stats-October 2011

Below are the Canyon County Real Estate Market Statistics for October 2011. These numbers reflect Available, Pending, and Closed Sales for single family/single family homes with acreage in the Canyon County area (Caldwell, Nampa, Middleton, and surrounding area). All numbers are based on information from the Intermountain Multiple Listing Service.

Available Homes

# Available: 1003

# Vacant: 482 (48%)

# Short Sales: 392 (39%)

# Bank Owned: 113 (11%)

Median Asking Pice: $110K

Inventory for the Canyon County area continues to drop (1058 in September). If we take the number of contingent short sales (meaning these homes are already in contract waiting lender approval) there are only 765 properties available. The percentage of distressed properties on the market is down as well (total of 52% in September).

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Pending Sales

# Pending: 407

Median Asking Price: $87K

Number of pending sales is slightly down from September’s 428 but the Median Asking Price is up from $85,150.

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Closed Sales- October 2010

# Closed: 238

# Short Sales: 31 (13%)

# Bank Owned: 126 (53%)

Median Sales Price: $89.9K

Median Days on Market: 45

Closed Sales – October 2011

# Closed: 272

# Short Sales: 74 (27%)

# Bank Owned: 130 (48%)

Median Sales Price: $82K

Median Days on Market: 41

Year over year the number of sales are up as are the month over month numbers (251 in September). Year over year the median sales price is getting closer, and month over month is up ($79.5k in September). 75% of the Closed Sales for October were distressed properties, which is up from last months 68% and year over year’s 66%..

Good news is that distressed properties are getting moved through the system as the percentage of distressed properties that are coming on the market are going down. 52% of the available properties in September were distressed and in October that percentage is 50%. As we continue to see the inventory numbers drop and the demand holding steady, prices should start to increase. Buyers, now is the time!

If you would like to see current listings in the Canyon County area please go to my web site (no sign in required) : www.BoiseRealEstateChick.com or e-mail me: mary@BoiseRealEstateChick.com

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Canyon County Real Estate Market Statistics – August 2011

Below are the numbers for the Canyon County Real Estate Market for August 2011. Canyon County consists of Caldwell, Nampa, Middleton, and surrounding areas. All numbers are from the Multiple Listing Service based on single family/single family with acreage homes.

Available Inventory – August 2011

# Available: 1111

# Vacant: 505

# Short Sale: 461

# Bank Owned: 87

Median Asking Price: $113,900

Inventory is down from July (1157) and the number of distressed properties remains about the same percentage as last month.

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Pending Sales – August 2011

# Pending: 432

Median Asking Price: $85,150

Pendings are up slightly from July and the Median Asking Price was almost identical.

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Closed Sales – August 2011

# Closed: 283

# Short Sale: 64

# Bank Owned: 94

Median Sales Price: $78,500

Median Days on Market: 37

While the Available and Pending numbers don’t really tell us much about the current market other than that inventory continues to decrease, the Closed Sales numbers tell another story. Month over month and year over year, August 2011 is a very good month for Canyon County and here is why: number of sales are up and number of distressed properties are down.

While the Sold Price is down year over year (August of 2010 was $89K) and month over month (July was $80K), the percentage of distressed properties is what is catching my eye. In August of 2010, the number of properties sold was 254 with 70% of those sales being distressed. In July 2011, the number of properties sold was 275  with 64% being distressed. Now look at August 2011, the number of sold was 283 with only 55% distressed.  That is a 15% drop year over year and a 9% drop month over month. That is good news! And Canyon County surely needs it!

If you would like to see what homes are currently going for in the Canyon County area, please go to my website: www.BoiseRealEstateChick.com

 

 

Boise Real Estate Market Statistics-July 2011

The numbers are in for the ADA County area real estate market and they continue to look pretty decent. We are actually seeing an improvement in volume of sales year over year as we try to get the Sales Price back up. All the numbers below are based on single family/single family with acreage from the Multiple Listing Service.

Available – July 2011

# Available: 2534

# Vacant: 1307

# Short Sale: 729

# Bank Owned: 108

Asking Price: $179,900

Inventory continues to go down but all other numbers are the same compared to June 2011.

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Pending Sales- July 2011

# Pending: 930

Asking Price: $163,170

Pending sales went up slightly from June’s 926 as well as a slight increase in asking price ($159,995).

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Closed Sales- July 2011

# Closed: 577

# Short Sales: 88

# Bank Owned: 127

Sales Price: $149,900

Days on Market: 39

While the number of closed sales is down from June’ s 630, the Sales Price remained relatively the same. Interestingly though, compared to July 2010 the number of closed sales is way up. July 2010 saw only 422 closings and ended an artificially inflated 2010 spring ($8k credit ).  It  was also the start of the very big slide in sales that continued to January of 2011.

Overall. the real estate market remains very stable here in the Boise area. I continue to believe that we will see year over year price improvements by October of this year. I will post Meridian numbers in a few days where we will see that Sales prices for year over year have finally met!

If you would like to see what the  available homes are going for in  your subdivision or area in the Treasure Valley, please go to my website: www.BoiseRealEstateChick.com (no sign in required). If you have any questions or comments please fee free to post them here or contact me through my website.

 

 

Boise Real Estate Market Statistics for July 1-25th 2011

With less than a week to go I thought I would take a peek at how the Boise Real Estate Market is doing. In the Available and Pending areas things look pretty stable but the Closed Sales are making me a little bit nervous. So let us take a look at the current numbers for July 2011.

Available as of July 25th

# Available: 2579

# Vacant: 1326

# Short Sale: 726

# Bank Owned: 112

Median Asking Price: $179,900

Inventory is slightly down from June’s 2583 but other than that all other categories are almost identical.

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Pending Sales-as of July 25th

# Pending: 980

Median Asking Price: $159,900

Pending sales are up from June’s 926 but as you will see in the current closed sales, we need to see more of these pending  sales become closed. Median Asking Price remains the same month over month.

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Closed Sales- July 1-25 2011

# Closed: 375

# Short Sales: 57

# Bank Owned: 84

Median Sales Price: $149,900

Days on Market: 42

We are going to need quite a few Pending Sales to close in order to catch up with June’s 630 Closed Sales. This July has been pretty quite but it would be nice to see the closed numbers get in the high 500’s. Good news is that so far the Median Sold Price is staying steady.

I will check back next week to see how the month of July finished out. Fingers crossed, we do not want to see a pullback in the market right now. We have had over four straight months of steady improvement and I would hate to see that end.

If you would like to see properties that are available or would like to know what your home is currently worth please go to my website (no sign in required): www.BoiseRealEstateChick.com to contact me for further information.

Boise Real Estate Market Stats-June (1st-15th) 2011

Below are the Boise Real Estate Market Stats for the halfway mark for June 2011. Numbers are continuing to remain very stable in all categories (active, pending and sold). Numbers are based on single family/single family with acreage from the Multiple Listing Service.

Available 6/1 – 6/15 2011

# Available: 2625

# Short Sale: 785

# Bank Owned: 148

Median Asking Price: $178,400

Number of available listings has barely moved (2616 in May) and Asking Price is up very slightly ($178,250 in May).

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Pending Sales 6/1-6/15 2011

# Pending 1021

Median Asking Price: $159,900

Median Days on Market: 34

Pendings are up (978 in May) so I expect that many of these will work their way over to the closing column in June. Median Asking Price remains the same as it was in May.

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Closed Sales 6/1 – 6/15 2011

# Closed: 241

# Short Sale: 38

# Bank Owned: 80

Median Sales Price: $157,786

Median Days on Market: 39

At the half way mark for the month we are just 360 solds away and with the current number of pending sales I think that we will easily make it to match May’s closed sales numbers (601). Currently the median closed sales price is way up from May ($143K). We will see if those numbers hold or if more distressed sales going through bring it down a bit. Days on Market are down as of now (42 in May).

Overall, things continue to look strong so we will continue to watch and hope that the several months of positive numbers keeps on going. If you would like additional information regarding the Boise Real Estate Market please contact me through my web site (no sign up required): www.BoiseRealEstateChick.com

Boise Real Estate Market Stats-Eagle-May 2011

Here are the real estate statistics for the Eagle area for May 2011. These numbers represent available, pending, and closed sales for single family/single family with acreage properties.

Available

# Available: 259

# Vacant: 108

# Short Sale: 53

# Bank Owned: 16

Median Asking Price: $354,900

Inventory went up very slightly from April’s 254 but the Asking Price went down from $379,500

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Pending Sales

# Pending: 88

Median Asking Price: $333,450

Pendings are up slightly (82 in April) and the Asking Price is up from $317, 250. We will see if the Sold Price goes up a little in June with this increase.

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Closed Sales

# Closed: 49

# Short Sales: 6

# Bank Owned: 13

Median Sold Price: $292,400

Median Days on Market: 61

Closed sales were up from April’s 38 as was the sales price up from $240K. (Actually Median Sales Price is up from May 2010 as well)  Days on Market went up though from 56 to 61.

The other good news is that the percentage of distressed properties that sold in May was 38% compared to 2010 which had 53%. That is a nice decrease and one that we need to see more of in order for the Median Sales Price to continue moving in a positive direction. The number of active listings in the Eagle area that are distressed is 26% and is down from April’s 28%, also nice to see.

If you would like to see available listings in the Eagle area please go to my web site (no sign up required): www.BoiseRealEstateChick.com  You can also contact me for additional Boise Real Estate information through the web site!

Boise Real Estate Market Statistics -May 2011

The numbers below reflect homes that are active, pending, or sold in the Boise area for the month of May 2011. They are based on single family/single family with acreage and all numbers are from the Intermountain Multiple Listing Service. My commentary will follow each grouping.

Available: May 2011

# Available: 2616

#Vacant: 1295

# Short Sale: 774

# Bank Owned: 181

Median Asking Price: $178,250

Inventory continues (since January 2011) to remain flat but the number of distressed properties have gone down from 988 to 955. Median Asking Price continues to rise slowly but steadily.

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Pending

# Pending: 978

Median Asking Price: $159,900

Here again we see an increase in Pending Sales up from last months 903 with an increase in Asking Price, also up from last months $154K. This trend looks good for June closings and I expect to see another up month!

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Closed Sales – May 2011

# Closed: 601

# Short Sales: 94

# Bank Owned: 229

Median Sold Price: $143,000

Median Days on Market: 42

All numbers are up across the board with the exception of the Days on Market, that actually went down from April’s 58. Sales Prices are up from last month’s $135K which is actually pretty good considering that the number of distressed properties that sold went up from 316.

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Many of you may have seen the local newspaper here do three days of negative housing market stories. The problem is that the stories reflect either national averages, which are meaningless locally, and they compare 2010 numbers to today. The numbers that I look to see if the market is heading in the right direction are the month to month numbers. These are the numbers that we need to pay attention to in order to determine market bottom. What I am seeing indicates that we have been out of bottom for a few months. Does this mean that prices will only rise? No, because we still have a lot of distressed inventory to clear but when you take that large distressed inventory into account the past few months are pretty impressive! Even still, there will be months when the sold prices may be flat from the previous month or even dip by 5%. I am still confident that the market is mending, slowly but surely.

If you would like to see what homes are going for, please go to my website (no sign in required) :  www.BoiseRealEstateChick.com Feel free to contact me through my web site if you are interested in buying or selling a home!

 

 

 

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