Posts Tagged ‘ Short sales ’

Boise Real Estate Market Statistics-September 2014

Ada County September Market Statistics

Available Homes

# Available: 2726

# Vacant: 1597 (59%)

# Short Sale: 40 (1%)

# Bank Owned: 59 (1%)

Median Asking Price: $249,900

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Pending Sales

# Pending: 927

Median Asking Price: $229,889

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Closed Sales—September 2013

# Closed: 720

# Short Sale: 36 (5%)

# Bank Owned: 24 (3%)

Median Sales Price: $195,000

Median Days on Market: 21

 

Closed Sales—September 2014

# Closed: 672

# Short Sale: 12 (2%)

# Bank Owned: 34 (5%)

Median Sales Price: $204,900

Median Days on Market: 27

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Fall Is Upon Us!

The leaves aren’t the only things dropping this month! Inventory saw a little bit of a pull back. It is down by over 200 homes from last month. This is good news because it would not have been healthy for the market to head into the winter months with high inventory. Builders are still busy with 32 percent of the market being new homes. (Of the 1597 vacant homes more than 54 percent are the new homes.) As we head into the colder, wetter months we should see a substantial pullback on new build jobs though.

Pending Sales were down again by about 29 homes and the asking price remained flat. With the activity that I have seen personally in September, I am thinking the number of Pending Sales will actually go up for October. The market had about a three week surge of activity!

Closed Sales were down month over month but so was the Sales Price. That was down by $14K month over month but was up by $10K year over year. Item of note was distressed sales in Eagle, down to zero! That is correct! Closed Sales for Eagle had not a single distressed property in the mix. Now that is what I call a “traditional” market!

For more information regarding the Boise Real Estate Market please go to my website: http://www.BoiseRealEstateChick.com

Brokerage is  Silvercreek Realty Group, 1099 S Wells St. Ste #200, Meridian, ID 83642

 

 

 

Boise Real Estate Market Statistics – January 2014

Ada County January 2014  Market Statistics

Available Homes
# Available: 2030
# Vacant: 1312 (65%)
# Short Sale: 156 (8%)
# Bank Owned: 58 (3%)
Median Asking Price: $224,900

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Pending Sales
# Pending: 785
Median Asking Price: $220,000

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Closed Sales—January 2013
# Closed: 381
# Short Sale: 51 (13%)
# Bank Owned: 31 (8%)
Median Sales Price: $184,990
Median Days on Market: 30

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Closed Sales—January 2014
# Closed: 405
# Short Sale: 14 (3%)
# Bank Owned: 34 (8%)
Median Sales Price: $208,200
Median Days on Market: 47

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2014 Starts in a Mixed Way…

The 2014 real estate market has begun! Inventory inched back up and so did the Median Asking Price. We continue to see the distressed inventory dry up but we are also seeing an increase in new build jobs. This will for sure keep the Median Asking Price on the rise.

The number of Pending Sales went up but there was a slight pullback in Median Asking Price. Even with the winter weather hanging around we should continue to see the Pending Sales go up as many buyers try to take advantage of low interest rates.

Closed Sales saw a big pull back from last month but is still up from a year ago. The Median Sold Price was up both month over month and year over year. The Median Days on Market went up but I do expect to see that  start coming back down as we approach March. As home prices rise I also expect to see short sales disappear from the market as sellers finally come out from underwater.

For additional information regarding the Boise Real Estate Market please go to my website: www.BoiseRealEstateChick.com

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All numbers are based on data from the Intermountain Multiple Listing Service.

Silvercreek Realty Group – 1099 S Wells St. Ste. 200, Meridian, ID 83642

Boise Real Estate Market – September 2013

Below are the numbers for Active, Pending and Sold properties in the Boise Real Estate Market area for September 2013. These numbers are based on info from the Intermountain Multiple Listing Service for single family/single family with acreage homes.

Ada County (Boise) September Market Statistics

Available Homes
# Available: 2525
# Vacant: 1350 (53%)
# Short Sale: 180 (7%)
# Bank Owned: 74 (3%)
Median Asking Price: $230,000

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Pending Sales
# Pending: 916
Median Asking Price: $221,839

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Closed Sales—September 2012
# Closed: 580
# Short Sale:92 (16%)
# Bank Owned: 36 (6%)
Median Sales Price: $174,850
Median Days on Market: 23

Closed Sales—September 2013
# Closed: 701
# Short Sale: 37 (5%)
# Bank Owned: 24 (3%)
Median Sales Price: $194,000
Median Days on Market: 21

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Fall is Upon Us!

More than leaves are falling in the Ada County real estate market! The seasonal pullback continues and I expect it to remain flat into early 2014. Although we may see a slight increase in activity towards the end of this year which is historically typical. Even with that I don’t anticipate any major jumps in pricing before next spring.

As you can see inventory is continuing to go up as builders try to take advantage of what was a low inventory market. However, the new inventory is starting to out pace demand and could result in shifting us back into a buyers market as existing homes try to compete with the new homes.

With the cooling off of sales, Pending Sales are now under 1000 for the first time in several months. Expect to see that trend into spring time.

The number of Closed Sales are down again month over month but are still above last year.    For the first time since May of this year we are under a $200K sales price. Meanwhile the distressed sales made up less than 8 percent of sold properties. We may see the number of bank owned homes for sale go up a little as the lenders try to unload inventory before the end of the year.

If you would like additional information regarding the Boise Real Estate Market, please go to my website: www.BoiseRealEstateChick.com

 

By the Numbers…Boise Real Estate Market July 2013

By the Numbers… Boise – July 2013

Number of homes on the market:
July 2011: 2534
July 2012: 2104
July 2013: 2312

Median Asking Price:
July 2011: $179,900
July 2012: $209,900
July 2013: $233,145

Number of Pending Sales:
July 2011: 938
July 2012: 1194
July 2013: 1342

Median Sold Price:
July 2011: $149,900
July 2012: $171,990
July 2013: $233,145

Number of Distressed Homes Sold:
July 2011: 215
July 2012: 156
July 2013: 103

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

 

 

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

 

By the Numbers….Boise -June 2013

By the Numbers…Boise (Ada County

Number of homes on the market:
June 2011: 2583
June 2012: 2097
June 2013: 2081

Median Asking Price:
June 2011: $179,900
June 2012: $215,500
June 2013: $235,000

Number of Pending Sales:
June 2011: 926
June 2012: 1223
June 2013: 1342

Median Sold Price:
June 2011: $150,000
June 2012: $174,585
June 2013: $210,823

Number of Distressed Homes Sold:
June 2011: 283
June 2012: 183
June 2013: 99

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