Posts Tagged ‘ short sale ’

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

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Boise Real Estate Stats-Meridian-June2011

Here are the Meridian real estate statistics for June 2011. These numbers are based on single family/single family with acreage that are active, pending or sold from the multiple listing service.

Available-June 2011

# Available: 647

#Vacant: 357

# Short Sale: 201

# Bank Owned: 22

Median Asking Price: $171,677

The number of Available listings is down from May’s 666 as is the Median Asking  Price of $175K

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Pending Sales- June 2011

# Pending: 247

Median Asking Price: $189, 365

The number of Pending Sales are down from May’s 275 but the Median Asking Price is up from last month’s $172K.

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Closed Sales- June 2011

# Closed: 167

# Short Sales: 26

# Bank Owned: 44

Median Sales Price:$167,000

Median Days on Market: 42

The number of closed sales is down slightly from May (176) but the Median Sales Price went is up from $152,650. What is also good to see is that the percentage of distressed properties is down to 42% (it was 51% in May) which is more than likely the reason that we are seeing the prices go up.

Overall, the Boise Real Estate Market continues to look good. With inventory staying low and number of distressed properties starting to decrease we could very well see the prices continue to increase. So if you are a buyer, now is the time to buy. Interest rates are still low and buying is cheaper than rent!  If you are looking for a Buyers Rep. please contact me through my website (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!

Real Estate Statistics for Canyon County-April 2011

Here are the real estate statistics for Canyon County in Idaho – April 2011. These numbers are based on single family and single family with acreage.

Available Homes

# Available: 1309

# Vacant: 656 (50%)

# Short Sale: 531

# Bank Owned: 161

Median Asking Price: $109,000

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Pending Sales

# Pending: 470

Median Asking Price: $79,000

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Closed Sales

# Closed: 305

# Short Sale: 53

# Bank Owned: 177

Median Sales Price: $79,900

Median Days on Market: 47

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Good news for Canyon County on several fronts: Inventory is down, closed prices have remained flat and median days on the market are way down. Bad news is that the number of distressed is still way too high. 75% of the homes that closed in April were distressed properties and more than 50% of the homes that are available are distressed. This will continue to keep prices low for quite a while. But as long as inventory remains low and demand stays up we could see a tick up (very slight) in the median sold prices even amongst the distressed sales.

If you would like additional information regarding the Canyon County real estate market, please go to my website (no sign in required): www.BoiseRealEstateChick.com You can also contact me through my website.

Real Estate Statistics for Eagle Idaho-April 2011

Below are the real estate statistics for the Eagle, Idaho area for April 2011. The numbers reflect available, pending and sold properties, single family/single family with acreage.

Available Homes

# Available: 254

#Vacant: 105 (41%)

#Short Sale: 58

# Bank Owned: 13

Median Asking Price: $379,500

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Pending Sales

# Pending: 82

Median Asking Price: $317,250

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Closed Sales- April 2011

# Closed: 38

# Short Sales: 11

# Bank Owned: 11

Median Sales Price: $240,000

Median Days on Market: 56

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Inventory continues to remain flat in Eagle and this also true for all of Ada County. Pending sales are up from March’s 41 which will hopefully translate in to more homes closed in May. The median sales continues to take a hit, down from March’s $275K. Distressed sales are still the driving force behind the lower prices with 22 of the 38 closed sales in April being distressed. Good news is that properties are moving much quicker with the median Days on Market down from March’s 90.

If you would like additional information regarding the Real Estate Market in the Eagle Idaho area, please go to my website (no sign in required): www.BoiseRealEstateChick.com

Meridian Real Estate Statistics for April 2011

Below are the real estate statistics for the Meridian Idaho area for April of 2011. These numbers are based on single family/single family with acreage that are available, pending or have closed in April.

Available Homes

# Available: 665

# Vacant: 360

# Short Sale: 192

# Bank Owned: 44

Median Asking Price: $174,900

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Pending Sales

# Pending: 246

Median Asking Price: $163,753

Median Days on Market: 33

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Closed Sales

# Closed: 156

#Short Sales: 39

# Bank Owned: 47

Median Sales Price: $151,450

Median Days on Market 65

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The number of homes on the market has remained flat for several months now, while pending went up for yet another month. We are seeing a slow increase in the asking, pending and sold median price. The days on market are down dramatically from 92 to 65 for sold properties.

These are all indicators that we are now definitely coming out of bottom, so buyers if you been thinking about buying you may want to get a move on it. And for potential sellers, if you have considered selling your home, inventory is low and demand is picking up. This is especially  true for homes that are in decent condition and can close within a month so now may be a good time to list.

If you are a buyer or a seller and would like more information regarding the real estate market in the Boise area, please got to my website (no sign in required) to see more information and to contact me: www.BoiseRealEstateChick.com

ADA County Real Estate Market Statistics-March 2011

Below are the statistics for the ADA County real estate market for March 2011. These numbers represent single family/single family with acreage in the Boise, Meridian, Kuna, Eagle and Star area for homes that are available, pending or sold. My comments are below each section.

Available Homes

# Available: 2614

#Vacant: 1347 (51%)

# Short Sale: 779

#Bank Owned: 231

Median Asking Price: $169,000

Slight dip in the inventory (February 2661) but we did see a drop in the number of vacant homes (February 1451). The asking  median price went up by $4K (February $165K)

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Pending Sales

# Pending:809

Median Asking Price: $149K

Median Days on Market: 43

Pending sales are up quite a bit from February’s 692. I think we will see another increase in sold properties for April. Unfortunately the median asking price went down by $1K. Not a big drop but it would be nice to see an increase instead.

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Closed Sales

# Closed Sales: 537

# Short Sale: 106

#Bank Owned: 208

Median Sales Price: $135,000

Median Days on Market: 61

Good news is that the number of closed sales went up very nicely from February’s 393 and the median days on market dropped by 9 days from 70. The bad news is that because of the increase in distressed properties that were closed (314) we saw a $10K decrease in the sales price. Unfortunately in order for the market to heal we have to see those distressed properties move off the market.

I am not sure how much more of a slide the median sold price is going to see since we are now starting to see an increase in cash buyers, multiple offers, offers for at or above asking price.  Overall, the sales activity has gone up and the inventory is coming down, so we will continue to watch how this plays out over the next few months.

If you would like additional information regarding the Boise real estate market, please visit my website (no sign in required): www.BoiseRealEstateChick.com

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