Posts Tagged ‘ Short sales ’

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

 

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Canyon County Real Estate Market Stats – January 2013

Below are Canyon County Real Estate Market Statistics for January 2013. The numbers are based upon data from the Intermountain MLS for single family/single family homes on acreage that are available, pending, or have sold. Canyon County consists of Nampa, Caldwell, Middleton and surrounding areas.

Canyon County January 2013 Market Statistics

Available Homes
# Available: 859
# Vacant: 507 (59%)
# Short Sale: 201 (23%)
# Bank Owned: 49 (6%)
Median Asking Price: $135,000

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Pending Sales
# Pending: 383
Median Asking Price: $109,900

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Closed Sales – January 2012
# Closed: 227
# Short Sale: 62 (27%)
# Bank Owned: 100 (44%)
Median Sales Price: $79,195
Median Days on Market: 42

Closed Sales– January 2013
# Closed: 153
# Short Sale: 26 (17%)
# Bank Owned: 36 (24%)
Median Sales Price: $107,450
Median Days on Market: 37

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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. Canyon County is down to just 875 homes available. Because of the lack of inventory and the buyer demand, the median asking price jumped $6k!

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

Closed Sales for January saw another decrease in the number of units sold. However, the median Closes Sales Price went up. We continue to see a decrease of distressed homes on the market. If we look at January 2012 we see that 71 percent of the homes that sold were distressed, while January 2013 is only 41 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! You can contact me either through my website: www.BosieRealEstateChick.com or by e-mail: mary@BosieRealEstateChick.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

 

 

 

 

Boise Real Estate Market Statistics – December 2012

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

Ada County December Market Statistics 2012

Available Homes

# Available: 1730

# Vacant: 1002 (58%)

# Short Sale: 376 (22%)

# Bank Owned: 59 (3%)

Median Asking Price: $199,900

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Pending Sales

# Pending: 731

Median Asking Price: $189,900

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Closed Sales – December 2011

# Closed: 496

# Short Sale: 117 (24%)

# Bank Owned: 121 (24%)

Median Sales Price: $145,700

Median Days on Market: 49

 

Closed Sales– December 2012

# Closed: 486

# Short Sale: 92 (19%)

# Bank Owned: 31 (6%)

Median Sales Price: $176,731

Median Days on Market: 32

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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 is at record lows! We are down to 1730 homes in Ada County and if we take out the homes that are contingent short sales, the number of Available homes is around 1400. 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.

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 expected to stay at historic lows this year! 

 If you would like a Current Market Analysis for your home in the Ada County area please contact me either through my website: www.BoiseRealEsateChick.com or via e-mail: mary@BoiseRealEstateChick.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Canyon County Real Estate Market Statistics-November 2012

Canyon County November Market Statistics

Available Homes

# Available: 918

# Vacant: 499 (54%)

# Short Sale: 219 (24%)

# Bank Owned: 38 (4%)

Median Asking Price: $133,490

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Pending Sales

# Pending: 366

Median Asking Price: $103,750

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Closed Sales – November 2011

# Closed: 244

# Short Sale: 55 (23%)

# Bank Owned: 105 (43%)

Median Sales Price: $85,000

Median Days on Market: 41

 

Closed Sales– November 2012

# Closed: 237

# Short Sale: 57 (24%)

# Bank Owned: 48 (20%)

Median Sales Price: $104,675

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 going up from last month (up by $4k). The number of Bank Owned homes on the market is down to only 38 (4 percent of the market). This time last year there were 75 Bank Owned homes available (8 percent of the market).

Pending Sales continue to be on the decrease, also consistent with the winter market. However, the median Asking Price had a slight pull back in Canyon County. We will see if this translates into a decrease in the median Closed Sales price for December.

The number of November Closed Sales was down as well as the median Sales Price. Year over year though, 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!

If you would like more information regarding the Canyon County area, please go to my website: www.BoiseRealEstateChick.com or e-mail me: mary@BoiseRealEstateChick.com

 

 

 

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

 

 

 

Canyon County Real Estate Statistics -September 2012

Below are the Canyon County real estate statistics for September 2012. Data is from the Intermountain Multiple Listing Service with the numbers reflecting available, pending, and sold, single family/single family with acreage. Canyon County consists of Nampa, Caldwell, Middleton and surrounding areas.

Canyon County September Market Statistics

Available Homes

# Available: 974                    

# Vacant: 493 (51%)

# Short Sale: 273 (28%)

# Bank Owned: 36 (4%)

Median Asking Price: $131,145

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Pending Sales

# Pending: 468

Median Asking Price: $108,400

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Closed Sales – September 2011

# Closed: 260

# Short Sale: 67 (26%)

# Bank Owned: 111 (43%)

Median Sales Price: $79,500

Median Days on Market: 49

Closed Sales– September 2012

# Closed: 260

# Short Sale: 56 (21%)

# Bank Owned: 49 (19%)

Median Sales Price: $104,716

Median Days on Market: 28

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Where is the market heading?

September’s real estate numbers seem to indicate that the market has settled down quite a bit since our crazy spring. We are no longer seeing prices increasing at almost $2K -$3K a week. I feel the leveling off is healthy since the economy locally could not support the rapid increase. I realize for many, the current prices are still lower than when they bought. That is unfortunate but we can not afford to see another bubble so soon after the last one when we are still recovering from it!

An interesting item that I noticed when gathering my statistics for this past month was the List Price to Sales Price (median). List Price is what the seller lists the home for and the sales price is what it actually sells for. For Canyon County LP/SP was 100+ percent (LP-$104,250/ SP-$104,716). In Nampa it was 100+ percent (LP- $108,500/ SP- $108,900)and in Caldwell it was at 101 percent (LP- $100,961/SP-$102,000).

Even though prices are leveling off and will more than likely remain flat for a few months, my gut tells me that we are going to see another surge in activity and prices come spring.

 If you would like to know what your home is possibly worth in this current market, please contact me through my website: www.BoiseRealEstateChick.com

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