Posts Tagged ‘ REO ’

Canyon County Real Estate Market Stats – January 2013

Below are Canyon County Real Estate Market Statistics for January 2013. The numbers are based upon data from the Intermountain MLS for single family/single family homes on acreage that are available, pending, or have sold. Canyon County consists of Nampa, Caldwell, Middleton and surrounding areas.

Canyon County January 2013 Market Statistics

Available Homes
# Available: 859
# Vacant: 507 (59%)
# Short Sale: 201 (23%)
# Bank Owned: 49 (6%)
Median Asking Price: $135,000

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Pending Sales
# Pending: 383
Median Asking Price: $109,900

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Closed Sales – January 2012
# Closed: 227
# Short Sale: 62 (27%)
# Bank Owned: 100 (44%)
Median Sales Price: $79,195
Median Days on Market: 42

Closed Sales– January 2013
# Closed: 153
# Short Sale: 26 (17%)
# Bank Owned: 36 (24%)
Median Sales Price: $107,450
Median Days on Market: 37

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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. Canyon County is down to just 875 homes available. Because of the lack of inventory and the buyer demand, the median asking price jumped $6k!

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

Closed Sales for January saw another decrease in the number of units sold. However, the median Closes Sales Price went up. We continue to see a decrease of distressed homes on the market. If we look at January 2012 we see that 71 percent of the homes that sold were distressed, while January 2013 is only 41 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! You can contact me either through my website: www.BosieRealEstateChick.com or by e-mail: mary@BosieRealEstateChick.com

 

 

Boise Real Estate Market Statistics – December 2012

Below are the Boise Real Estate Market Statistics for December 2012. All numbers are from the Intermountain Multiple Listing Service for Available, Pending, and Sold homes in the Ada County area (Boise, Eagle, Meridian, Kuna, and Star) that are single family/single family with acreage. 

Ada County December Market Statistics 2012

Available Homes

# Available: 1730

# Vacant: 1002 (58%)

# Short Sale: 376 (22%)

# Bank Owned: 59 (3%)

Median Asking Price: $199,900

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Pending Sales

# Pending: 731

Median Asking Price: $189,900

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Closed Sales – December 2011

# Closed: 496

# Short Sale: 117 (24%)

# Bank Owned: 121 (24%)

Median Sales Price: $145,700

Median Days on Market: 49

 

Closed Sales– December 2012

# Closed: 486

# Short Sale: 92 (19%)

# Bank Owned: 31 (6%)

Median Sales Price: $176,731

Median Days on Market: 32

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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 is at record lows! We are down to 1730 homes in Ada County and if we take out the homes that are contingent short sales, the number of Available homes is around 1400. 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.

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 expected to stay at historic lows this year! 

 If you would like a Current Market Analysis for your home in the Ada County area please contact me either through my website: www.BoiseRealEsateChick.com or via e-mail: mary@BoiseRealEstateChick.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boise Real Estate Market Statistics for November 2012

Below are the Boise Real Estate Market statistics for November 2012. These numbers are based on the numbers from the Intermountain MLS f0r available, pending and closed sales. Numbers do not include condos or townhomes. Ada County consists of Boise, Meridian, Eagle, Kuna, ans Star.

Ada County November Market Statistics

Available Homes

# Available: 1873

# Vacant: 1029 (55%)

# Short Sale: 409 (22%)

# Bank Owned: 57 (3%)

Median Asking Price: $204,900

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Pending Sales

# Pending: 889

Median Akign Price: $184,900

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 Closed SalesNovember 2011

# Closed: 503

# Short Sale: 105 (21%)

# Bank Owned: 133 (26%)

Median Sales Price: $148,000

Median Days on Market: 46

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Closed Sales– November 2012

# Closed: 571

# Short Sale: 87 (15%)

# Bank Owned: 54 (9%)

Median Sales Price: $177,400

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 staying about the same as last month (down by $1k). The number of Bank Owned homes on the market is down to only 57 (3 percent of the market). This time last year there were 158 Bank Owned homes available.

 Pending Sales continue to be on the decrease, also consistent with the winter market. However, the median Asking Price went up slightly for Ada County. We will see if this translates into an increase in the median Closed Sales price for December.

 The number of November Closed Sales was down but the median Sales Price was up. Year over year, 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!

 Please go to my website for more information regarding the Boise area market: www.BoiseRealEstateChick.com

 

Canyon County Real Estate Market Statistics – April 2012

Below are the Canyon County real estate market statistics for April 2012, which consists of Caldwell, Nampa, Middleton, and surrounding areas. These numbers are based on single family/ single family with acreage homes that are active, pending, and or sold. All information is from the Intermountain Multiple Listing Service.

 Available Homes

# Available: 926

# Vacant: 447 (48%)

# Short Sale: 373 (40%)

# Bank Owned: 41 (4%)

Median Asking Price: $117,820

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Pending Sales

# Pending: 481

Median Asking Price: $103,752

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Closed Sales – April 2011

# Closed: 321

# Short Sale: 57 (18%)

# Bank Owned: 184 (57%)

Median Sales Price: $79,500

Median Days on Market: 47

 

Closed Sales– April 2012

# Closed: 271

# Short Sale: 77 (28%)

# Bank Owned: 87 (32%)

Median Sales Price: $87,000

Median Days on Market: 42

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 April Showers do bring May Flowers!

For what seemed to be a relatively dry winter, we have had a pretty wet spring, but we all know that the moisture is very much needed here. Despite the wacky weather , the real estate market is remaining hot!

For the first time in a while, inventory went up (by 19 homes) and while this is not a huge number, it is historic because it has not happened in so long!

This months Median Asking Price and Pending Sales Price both went up. The Asking Price was $110K in March and is now at $117,820. The Median Asking Price for Pending Sales was $98,950 and is now $103,752.

Closed Sales Price also went up from last months $83,450K and is now at $87K. With these continued increases, it stands to reason that once again we will see an increase in Sold Prices for May.

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 By the numbers!       

Currently there are 926 homes on the market in Canyon County. Of those, 335 are contingent short sales (this means that they are under contract waiting for the lender to approve the sale). This leave only 591 homes active on the market. This makes it very difficult for buyers to find decent homes.

The bulk of the homes (255) are under $150K. This still does not meet the current demand of first time home buyers. The supply versus demand is pushing prices up and slowly pushing some buyers out of the market.

 Buyers are still able to get some great deals and interest rates are still very low but Sellers are desperately needed! Homes that I have listed recently are going pending within 4 –16 days!

If you know anyone thinking of buying or selling a home, please let me know. I am always grateful for your referrals! You can contact me either through my e-mail: mary@BoiseRealEstateChick.com  or go to my web site: www.BoiseRealEstateChick.com

 

 

 

 

 

Boise Real Estate Market Statistics for March 2012

Below is the Boise real estate market statistics for March 2012. These numbers include all of ADA County (Boise, Meridian, Eagle. Star, and Kuna). The numbers are based on input from the Multiple Listing Service for single family/single family on acreage homes.

Available Homes

# Available: 1870

# Vacant: 927 (50%)

# Short Sale: 567 (30%)

# Bank Owned: 51 (3%)

Median Asking Price: $199,000

Inventory continues to go down, while we are seeing the Median Asking Price continuing to creep up. Currently, only 33% of the active listings are distressed sales, with only 3% being bank owned.

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Pending Sales

# Pending: 1102

Median Asking Price: $165,011

The number of Pending Sales are higher than they have ever been since I started tracking in October of 2010. The Median Sales Price is also up from last months $160K.

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Closed Sales – March 2011

# Closed: 548

# Short Sale: 109 (20%)

# Bank Owned: 209 (38%)

Median Sales Price: $135,000

Median Days on Market: 60

 

Closed Sales– March 2012

# Closed: 512

# Short Sale: 104 (20%)

# Bank Owned: 124 (24%)

Median Sales Price: $152,750

Median Days on Market: 39

While the number of Closed Sales is up for this month over month, the Median Sales Price is down slighlty ($156,750 in February) but we are way up from out year over year number. As a matter of fact at this pint last year we actually hit bottom at $135K. Congratulations to anyone who bought in March and April of 2011! You officially bought at market bottom!

We are continuing to see the shift into a sellers market because of low inventory and seasonal demand. Buyers (and their agents) are becoming increasingly frustrated at having no homes to choose from and when one does come on the market, they have to get in line to see it and make sure to bid above asking price.

With the Pending Sales numbers being so high, I am fully expecting that April Closed Sales numbers are going to be very good. If you would like to see what homes are going for in the Boise area please go to my web site: www.BoiseRealEstateChick.com

 

 

 

The Boise Real Estate Market is Hot!

Ask anyone actively looking to buy a home in the Boise area and you will probably hear the same thing,  ” I just placed my third bid on a home that just hit the market and I had to offer above asking price because there were three other offers coming in!” When is the last time you heard buyers discussing competing bids on properties that just came on the market? That’s right, not since 2005-2007!  The 2012 real estate market has been hectic!

Interestingly we are going into the spring market with very low inventory. Below is a chart of how inventory has looked since October of 2010 (that is when I started tracking it):As you can see the inventory is at all time lows and we are also seeing an increase in the Median Asking Price. Currently the Median Asking Price is $199K, while at this same time last year it was $169K. Meanwhile we are also seeing an dramatic increase in Pending Sales:

If even half of March’s Pending Sales get to closing, April is going to have a phenominal month! With the exceptionally low inventory and the prices starting to creep back up, smart buyers have gotten off the fence. Sellers in the meantime are seemingly unaware that they have moved back into the drivers seat.

So sellers, if you are considering selling your house, do not hesitate too long. Beat the rush to market before all the other sellers figure it out. And if you would like a Current Market Analysis for your home to see what it may be worth, send me an e-mail: mary@BoiseRealEstateChick.com

 

Canyon County Real Estate Market Statistics for February 2012

Below are the Canyon County real estate  market statistics for February 2012. Canyon County consists of Caldwell, Nampa, Middleton, and the surrounding areas. All numbers are based on information taken from the Multiple Listing Service for Available, Pending Sales, and Closed Sales. The homes included are single family/single family with acreage. Condos and townhouses are not included.

 

Available Homes

# Available: 954

# Vacant: 461 (48%)

# Short Sale: 418 (44%)

# Bank Owned: 65 (7%)

Median Asking Price: $108,900

Inventory went up slightly with the Median Asking Price going up as well ($104,740 – January).

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Pending Sales

# Pending: 405

Median Asking Price: $92,990

Same story for the Pending Sales:  up slightly  (400 -January) and the Median Asking Price up slightly ($91,250 – January)

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Closed Sales – February 2011

# Closed: 251

# Short Sale: 48 (19%)

# Bank Owned: 150 (60%)

Median Sales Price: $79,900

Median Days on Market: 54

 

Closed Sales– February 2012

# Closed: 204

# Short Sale: 42 (21%)

# Bank Owned: 88 (43%)

Median Sales Price: $85,600

Median Days on Market: 47

Interestingly while the number of closings is down for year over year the Median Sales price is up nicely. This is also true for month over month ($79K – January).  The reason we may be seeing the Median Sales Price heading up is the number of distressed properties is going down.  Of the  251 Sold Properties in February 2011, 198 (79%)  were distressed, but this year for February, of the 204 that Sold, only 130 (64%) were distressed. That is a very nice drop and one the we need to see in order for the market to continue to mend!

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

 

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