Posts Tagged ‘ selling your home in the winter ’

Boise Real Estate Market Statistics – October 2012

Below are the Boise Real Estate Market Statistics for October 2012. These numbers are from the Intermountain Multiple Listing Service for available, pending, and sold, single family home/single family homes on acreage. These stats reflect the ADA County area that consists of Boise, Meridian, Kuna, Eagle, and Star, Idaho.

Ada County – October Market Statistics

Available Homes

# Available: 2019

# Vacant: 1043 (52%)

# Short Sale: 421 (21%)

# Bank Owned: 50 (2%)

Median Asking Price: $204,900

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Pending Sales

# Pending: 987

Median Asking Price: $179,900

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Closed Sales – October 2011

# Closed: 553

# Short Sale: 105 (19%)

# Bank Owned: 127 (23%)

Median Sales Price: $149,900

Median Days on Market: 36

 

Closed Sales– October 2012

# Closed: 641

# Short Sale: 89 (14%)

# Bank Owned: 66 (10%)

Median Sales Price: $176,500

Median Days on Market: 30

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Winter Market Coming Soon!

While the October real estate market did not do too badly, we can see that the winter market is coming in. So what does this mean? For the most part we will continue to see a drop in inventory as sellers remove their homes from the market for the holiday months and into February. Normally when inventory shrinks, prices go up but that is not usually the case in the winter months. Prices generally flatten out, mainly because the bulk of the buyers are not looking actively for a home until March.

However, sellers are at an advantage when selling in the winter because the pickings are few and the buyers are definitely serious. Will the seller get at or above asking price? Probably not above (less buyers means no multiple bids) but more than likely closer to asking. Price it well and it will move quick!

 Buyers have an advantage as well because the homes that are on the market are usually with sellers that really want to sell. There are also less buyers meaning less competition when making offers. Will the buyer get a great bargain? Actually yes, and mainly because the prices are still relatively low as are the interest rates.

So, if you are thinking of buying or selling a home, winter time may be a great time to consider it! For more information regarding the Boise Real Estate market please go to my website: www.BoiseRealEstateChick.com or e-mail me: mary@BosieRealEstateChick.com

 

 

 

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Selling Your Home During the Holidays

With the Holidays in full swing now, many of those selling their homes feel that now is the time to take their homes off the market. But is now really the best time to do so? Much depends on the seller’s motivation. If the home has been on the market for a while or they are not in a huge rush to sell, some may feel the need to give the home a “break” for a few weeks.

Think about it though, isn’t this really the best time to be on the market? Inventory usually goes down starting around Thanksgiving (although here in the Boise Real Estate Market, inventory has been down for months). Also, the buyers that are still out looking at this time are the more serious type of buyers. They are out looking because they really want to buy, and in many cases, want to be in their new home before New Year’s. This also means that the buyers may be easier to negotiate with.

With the home looking very nice now because it is decorated warmly for the Holiday’s, will give it an even bigger advantage during showings. With inventory being lower, the number of showings should actually increase.  Keep in mind that this time of year Realtors are motivated too! We want to get another pay check in before year-end to help pay for our Christmas!

Bottom line though is that the home will not sell it is off the market! So if you were considering taking your home off the market, think again. If you are considering putting your home on the market in the Boise area, please contact me: mary@BoiseRealEstateChick.com or go to my web site to contact me: www.BoiseRealEstateChick.com

 

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