Posts Tagged ‘ selling market ’

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

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Pending Sales

# Pending: 1074

Median Asking Price: $209,900

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Closed Sales—August 2012

# Closed: 736

# Short Sale:102 (14%)

# Bank Owned: 52 (7%)

Median Sales Price: $180,000

Median Days on Market: 25

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Closed Sales—August 2013

# Closed: 821

# Short Sale: 49 (6%)

# Bank Owned: 41 (5%)

Median Sales Price: $201,850

Median Days on Market: 21

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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

 

 

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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

 

 

By the Numbers…Canyon County June 2013

By the Numbers

Number of homes on the market:
June 2011: 1216
June 2012: 985
June 2013: 1186

Median Asking Price:
June 2011: $112,472
June 2012: $125,000
June 2013: $155,254

Number of Pending Sales:
June 2011: 459
June 2012: 514
June 2013: 583

Median Sold Price:
June 2011: $82,512
June 2012: $102,576
June 2013: $131,200

Number of Distressed Homes Sold:
June 2011: 222
June 2012: 100
June 2013: 76

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

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 Pending Sales

# Pending: 583

Median Asking Price: $129,500

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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

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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

 

Boise Real Estate Market Statistics for June 2013

Below are the numbers for the Boise Real Estate Market for June 2013. These numbers are taken from the Intermountain Multiple Listing Service for Ada County (Boise, Meridian, Eagle, Kuna, and Star) for single family/single family with acreage.

 

Ada County June Market Statistics

 Available Homes

# Available: 2081

# Vacant: 996 (48%)

# Short Sale: 232 (11%)

# Bank Owned: 59 (3%)

Median Asking Price: $235,000

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 Pending Sales

# Pending: 1342

Median Asking Price: $216,731

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Closed Sales—June 2012

# Closed: 706

# Short Sale: 109 (15%)

# Bank Owned: 79 (11%)

Median Sales Price: $174,000

Median Days on Market: 24

 

Closed Sales—June 2013

# Closed: 822

# Short Sale: 55 (7%)

# Bank Owned: 44 (5%)

Median Sales Price: $210,823

Median Days on Market: 17

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Summer Market

The Ada 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 went over the 2000 mark for the first time since November 2012. The Median Asking Price pulled back by $4k 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 116 and the Median Asking price only rose by $200. As the summer market continues we should see these number continue to shrink a bit.

 The number of Closed Sales stayed exactly the same, which was at historical highs last month. The percent of distressed homes also stayed the same at 12 percent of the market. The big news is the Median Sales Price! It was up by $15K from last month and over $25K since April! That is a huge! Year over year it is up by over $36K! Are you thinking of selling? Come on in, the water is definitely warm! 

If you would like to know what your home may be worth please go to my website: http://www.BoiseRealEstateChick.com

 

 

 

 

By the Numbers….Boise Real Estate Market May 2013

 

By the Numbers…

 

Number of homes on the market in Ada County:

May 2011: 2616

May 2012: 1987

May 2013: 1880

 

Median Asking Price:

May 2011: $178,250

May 2012: $208,530

May 2013: $239,900

 

Number of Pending Sales:

May 2011: 978

May 2012: 1265

May 2013: 1458

 

Median Sold Price:

May 2011: $143,000

May 2012: $179,094

May 2013: $194,995

 

Number of Distressed Homes Sold:

May 2011: 323

May 2012: 182

May 2013: 99

 

Boise Real Estate Market Statistics- May 2013

Below are the Boise Real Estate Market Statistics for May 2013. These numbers are from the Intermountain Multiple Listing Service for Available, Pending and Closed sales, single family/single family with acreage in the Boise, Idaho area.

Ada County May 2013 Market Statistics

Available Homes

# Available: 1880
# Vacant: 918 (49%)
# Short Sale: 229 (12%)
# Bank Owned: 49 (3%)
Median Asking Price: $239,900

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Pending Sales
# Pending: 1458
Median Asking Price: $216,530

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Closed Sales—May 2012
# Closed: 625
# Short Sale: 115 (18%)
# Bank Owned: 71 (11%)
Median Sales Price: $179,688
Median Days on Market: 35

Closed Sales—May 2013
# Closed: 822
# Short Sale: 59 (7%)
# Bank Owned: 40 (5%)
Median Sales Price: $194,995
Median Days on Market: 17

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Spring Market Ends Strong!

As the spring market comes to an end, it did so with strong numbers. The number of homes that sold in May are numbers that we have not seen since 2005/2006. As long as we can avoid the housing bubble of those years we should be alright!

Available inventory barely inched up by 76 homes. Not near enough to help meet buyer demand. The worrisome detail is that due to the lack of inventory many buyers are waiting for the “perfect” home and in the meantime interest rates are on the rise. For some, this could price them out of the market within the next few months.

As expected, the Pending Sales continued to do well. So did the median Pending Sales price! Up another $7500!

The number of Closed Sales are at historical highs. The percent of distressed homes fell by 10 percent month over month (22 percent in April and 12 percent in May). Only 40 homes that sold in May were Bank Owned and currently there are only 49 Bank Owned homes available for sale! We are getting to the point where I may not have to have the number of distressed homes in my statistics anymore! Now wouldn’t that be nice?!?

For more information regarding the Boise Real Estate Market or to contact me, please go to my website: www. BoiseRealEstateChick.com

 

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