Posts Tagged ‘ selling your home ’

Boise Real Estate Market Statistics -March 2013

Ada County March 2013 Market Statistics

Available Homes

# Available: 1792
# Vacant: 969 (54%)
# Short Sale: 297 (17%)
# Bank Owned: 76 (4%)
Median Asking Price: $225,750

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Pending Sales
# Pending: 1239
Median Asking Price: $199,900

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Closed Sales – March 2012
# Closed: 549
# Short Sale: 112 (20%)
# Bank Owned: 107 (19%)
Median Sales Price: $152,500
Median Days on Market: 39

Closed Sales– March 2013
# Closed: 568
# Short Sale: 61 (11%)
# Bank Owned: 44 (8%)
Median Sales Price: $186,762
Median Days on Market: 28

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March Came in Like a Lion!

This spring market is showing no signs of slowing down! The inventory in Ada County only increased by 63 homes and the median asking price went up another $6850. The distressed market went down again to just 21 percent, down from last months 23 percent.

Pending sales saw another increase, going from 1005 in February to 1239 in March. Median asking price for pending sales went up as well: $199.9k from February’s $193K. Whenever we see an increase here, we know we will see an increase in closed sales prices for the next month.

More strong closed sales, as March was up year over year and month over month. Distressed sales are down to less than 19 percent of the sold market.  Closed sales prices were up another $4762 and days on market are down to 28. In fact, Ada County currently has less than four months of inventory.

Speaking of inventory, yes, I know I keep saying this but the Ada County area really is in need of some decent inventory. Houses are moving in 28 days or less right now and usually at full asking price. PLEASE, if you know anyone thinking of selling a home, pass my name along to them or send me their info: mary@BoiseRealEstateChick.com or go to my website :  www.BoiseRealEstateChick.com

 

 

 

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Boise Real Estate Statistics for February 2013

Below are the Boise Real Estate Statistics for March 2013. The statistics consist of the Boise, Eagle, Meridian, Kuna, and Star area. All numbers are based on information from the Intermountain Multiple Listing Service for single family/single family on acreage that have sold, are pending or are currently available.

Ada County February Market Statistics

Available Homes
# Available: 1729
# Vacant: 961 (56%)
# Short Sale: 334 (19%)
# Bank Owned: 61 (4%)
Median Asking Price: $218,900

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Pending Sales
# Pending: 1005
Median Asking Price: $193,000

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Closed Sales – February 2012
# Closed: 418
# Short Sale: 91 (22%)
# Bank Owned: 106 (25%)
Median Sales Price: $155,995
Median Days on Market: 53

Closed Sales– February 2013
# Closed: 454
# Short Sale: 60 (13%)
# Bank Owned: 47 (10%)
Median Sales Price: $182,000
Median Days on Market: 40

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Market Continues to Improve!

The real estate market continues to stay strong! We saw a slight increase in inventory but we are still at historic lows! Asking price is continuing its steady rise. Up almost $10K from last month. The search for decent inventor y continues to fuel multiple offers and decreased  days on market.

Pending sales increased over the thousand mark again (1005 units pending-Feb./ 878 units pending in Jan.) There was another increase in the median asking price which will translate into yet another increase in the closed median sales price.

We saw a jump in closed sales activity for February. We had 358 closed sales last month and had over 454 this month. The median sales price increased by $26,775 for the Meridian area! The distressed market continues to shrink for sold properties. In February 2012 , 47 percent of the sold market was distressed, now it is at 23 percent.

Are we heading into another bubble? I don’t think so! The lack of inventory is what is fueling the price increases right now. As more sellers recover from the hit they took after the crash, inventory will start to go up. At that point I think we will see a flattening of prices. In the meantime though, if you are a seller not under water and have considered selling, now is the time!

If you would like additional information regarding the current market value of your home or would like to see what the current inventory looks like, please go to my website: www.BoiseRealEstateChick.com or contact me by e-mail: mary@BoiseRealEstateChick.com

 

Boise Real Estate Market Statistics -January 2013

Below are the Boise Real Estate Market statistics for January 2013. These numbers are taken from the Intermountain MLS and reflect active, pending, and sold single family homes/single family homes on acreage. The Ada County area consists of Boise, Meridian, Eagle, Kuna, and Star.

January Market Statistics

Available Homes
# Available: 1668
# Vacant: 956 (57%)
# Short Sale: 358 (21%)
# Bank Owned: 54 (3%)
Median Asking Price: $209,700

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Pending Sales
# Pending: 878
Median Asking Price: $189,900

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Closed Sales – January 2012
# Closed: 402
# Short Sale: 94 (23%)
# Bank Owned: 120 (30%)
Median Sales Price: $138,000
Median Days on Market: 57

Closed Sales – January 2013
# Closed: 358
# Short Sale: 47 (13%)
# Bank Owned: 41 (11%)
Median Sales Price: $182,995
Median Days on Market: 28

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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. Ada County is down to just 1668 homes available and if we remove the contingent sales, it is down to 1360. Because of the lack of inventory and the buyer demand, the median asking price jumped $10k!

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

Closed Sales for January saw another decrease in the number of units sold. However, the median Closes Sales Price went up, as Days on Market went down. We continue to see a decrease of distressed homes on the market. If we look at January 2012 we see that 53 percent of the homes that sold were distressed, while January 2013 is only 24 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!

If  you are considering selling your home or know someone who is, please contact me via e-mail: mary@BoiseRealEstateChick.com or go to my website for other contact info.,  www.BoiseRealEstateChick.com

 

 

 

 

Canyon County Real Estate Statistics-Dec 2012

Below are the Canyon County Real Estate Statistics for December 2012. Canyon County consists of Caldwell, Nampa, Middleton, and surrounding areas. All numbers are taken from the Intermountain Multiple Listing Service for single family and single family with acreage.

Canyon CountyDecember Market Statistics

Available Homes

# Available: 875

# Vacant: 516 (59%)

# Short Sale: 210 (24%)

# Bank Owned: 51 (6%)

Median Asking Price: $129,900

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Pending Sales

# Pending: 313

Median Asking Price: $104,900

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Closed Sales – December 2011

# Closed: 224

# Short Sale: 56 (25%)

# Bank Owned: 121 (52%)

Median Sales Price: $78,050

Median Days on Market: 29

Closed Sales– December 2012

# Closed: 196

# Short Sale: 41 (21%)

# Bank Owned: 31 (21%)

Median Sales Price: $99,406

Median Days on Market: 30

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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 continues to decline! We are down to 875 homes in Canyon County and if we take out the homes that are contingent short sales, the number of Available homes is around 607. 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 for the Caldwell area.

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 expect to stay at historic lows this year!

If you would like to know what the current value of your home is you can contact me either through my website: http://www.BoiseRealEstateChick.com or e-mail me: 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 – August 2012

Below are the real estate market statistics for Canyon County – August 2012. These numbers reflect the data taken from the Intermountain Multiple Listing and are based on single family/single family with acreage. Canyon County consists of Nampa, Caldwell, Middleton, and surrounding area.

Canyon County August Market Statistics

Available Homes

# Available: 989                    

# Vacant: 495 (50%)

# Short Sale: 303 (31%)

# Bank Owned: 39 (4%)

Median Asking Price: $129,240

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Pending Sales

# Pending: 490

Median Asking Price: $109,900

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Closed Sales – August 2011

# Closed: 291

# Short Sale: 64 (22%)

# Bank Owned: 133 (46%)

Median Sales Price: $78,500

Median Days on Market: 37

 

Closed Sales– August 2012

# Closed: 292

# Short Sale: 79 (27%)

# Bank Owned: 51 (17%)

Median Sales Price: $105,960

Median Days on Market: 29

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            Here Comes Fall!

August seems to have brought the real estate market back to life! I am also currently seeing the same increased activity for September. Fall time is historically the second surge of the year for buying and selling.

 With the decrease of distressed properties on the market, we are seeing more homes that are generally in move in condition. This is great for buyers because prices are still relatively low, allowing for some great deals. Cash buyers are still in the driver’s seat though, with many sellers preferring the cash deals even if they are the lower bid. This is because cash deals close quicker and do so without the need of an appraisal.

Have you wondered why we are seeing an increase in the number of vacant homes on the market even though the number of distressed properties is decreasing? Looking at the data, I have concluded that the increase is coming from a certain builder, (no names mentioned but you know who he is!) who has increased the number of homes he is building. This is both good and bad. Good because building new homes employs more people, gives more choices for home selection but bad because this particular builder is able to sell below market price, hurting existing home prices. Hopefully during this building boom, he will not over build!

If you would like to see how much home you can afford please go to my website and use the mortgage calculator, www.BoiseRealEstateChick.com

 

 

 

 

 

Boise Real Estate Market Statistics for August 2012

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

Ada County August Market Statistics

Available Homes

# Available: 2144

# Vacant: 1035 (48%)

# Short Sale: 455 (21%)

# Bank Owned: 54 (3%)

Median Asking Price: $209,900

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Pending Sales

# Pending: 1145

Median Asking Price: $178,500

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Closed Sales – August 2011

# Closed: 630

# Short Sale: 104 (17%)

# Bank Owned: 178 (28%)

Median Sales Price: $152,500

Median Days on Market: 38

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Closed Sales– August 2012

# Closed: 710

# Short Sale: 100 (14%)

# Bank Owned: 52 (7%)

Median Sales Price: $180,000

Median Days on Market: 25

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Here comes Fall!

August seems to have brought the real estate market back to life! I am also currently seeing the same increased activity for September. Fall time is historically the second surge of the year for buying and selling.

With the decrease of distressed properties on the market, we are seeing more homes that are generally in move in condition. This is great for buyers because prices are still relatively low, allowing for some great deals. Cash buyers are still in the driver’s seat though, with many sellers preferring the cash deals even if they are the lower bid. This is because cash deals close quicker and do so without the need of an appraisal.

Pending Sales remain strong, but the Median Asking Price on them has gone down by around $6k. This will probably be reflected in September’s Sold Prices.

Number of Closed Sales saw a big increase from July as did the Median Sold Price. We are also seeing the continued decline of distressed properties being sold, down another 2 percent from last month. However, with the slight pull back in Median Asking Price for Pending Sales, I am thinking we will see the Median Sold Price stay either flat or decrease just a bit for September sales.

If you would like to know what the current value of your home is please contact me : mary@BoiseRealEstateChick.com or to see what homes are available to buy in the Ada County area, please go to my website: www.BoiseRealEstateChick.com

 

 

 

 

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