Posts Tagged ‘ sold homes ’

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

 

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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

Canyon County – By the Numbers….April 2013

Canyon County-By the Numbers…

Number of homes on the market:
April 2011: 1309
April 2012: 926
April 2013: 933

Median Asking Price:
April 2011: $109,000
April 2012: $117,820
April 2013: $151,990

Number of Pending Sales:
April 2011: 470
April 2012: 481
April 2013: 596

Median Sold Price:
April 2011: $79,900
April 2012: $87,000
April 2013: $121,650

Number of Distressed Homes Sold:
April 2011: 230
April 2012: 164
April 2013: 77

The Canyon County area is still in need of decent inventory! Please, if you know anyone who is considering selling their home but they aren’t sure of what they could get, send me their info and I will gladly follow-up! I ALWAYS appreciate your referrals!
For more info, go to my website: http://www.BoiseRealEstateChick.com

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

 

 

 

Canyon County Real Estate Market Stats – February 2013

Below are the Canyon County Real Estate statistics for February 2013. These numbers are taken from the Intermountain Multiple Listing Service for the Canyon County area in Idaho. This area consists of Caldwell, Nampa, Middleton and the surrounding area. Numbers are based on single family /single family homes on acreage that have active, pending, or have sold in February 2013.

Canyon County February Market Statistics

Available Homes
# Available: 876
# Vacant: 491 (56%)
# Short Sale: 197 (23%)
# Bank Owned: 38 (4%)
Median Asking Price: $139,900

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Pending Sales
# Pending: 418
Median Asking Price: $114,450

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Closed Sales – February 2012
# Closed: 190
# Short Sale: 40 (21%)
# Bank Owned: 82 (43%)
Median Sales Price: $86,410
Median Days on Market: 47

Closed Sales– February 2013
# Closed: 184
# Short Sale: 35 (19%)
# Bank Owned: 35 (19%)
Median Sales Price: $109,900
Median Days on Market: 31

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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 in Caldwell from last month. The search for decent  inventory continues to fuel multiple offers and decreased  days on market.

Pending sales increased again (418 units pending-Feb./ 383 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 153 closed sales last month and had over 184 this month. The distressed market continues to shrink for sold properties. In February 2012 , 71 percent of the sold market was distressed, now it is at 38 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 to know what the current market value of your home is, please go to my website: www.BoiseRealEstateChick.com or e-mail me for a Current Market Analysis!

 

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 for July 2012

Below are the Boise Real Estate Market Statistics for July 2012. These numbers reflect data from the Multiple Listing Service and are based on single family/ single family with acreage homes int he Ada County area.

Ada County July Market Statistics:

Available Homes

# Available: 2104

# Vacant: 1020 (49%)

# Short Sale: 472 (22%)

# Bank Owned: 47 (2%)

Median Asking Price: $209,900

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Pending Sales

# Pending: 1194

Median Asking Price: $184,950

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Closed Sales – July 2011

# Closed: 604

# Short Sale: 95 (16%)

# Bank Owned: 164 (27%)

Median Sales Price: $149,900

Median Days on Market: 41

 

Closed Sales– July 2012

# Closed: 629

# Short Sale: 100 (16%)

# Bank Owned: 56 (9%)

Median Sales Price: $171,990

Median Days on Market: 24

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Real Estate Market Settling Down!

July proved to be as slow as it usually is this time of year but we are still seeing a record number of pending sales. The thought is that we are leveling off after an absolutely crazy spring. This is good though, because we do not need to have a repeat of the housing market of 2006/2007.

 New inventory has been very slow to come onto the market. We saw a very small increase from June to July, mostly new construction.  The percentage of distressed homes for sale continues to decline, now at just 22 percent of the market. This same time last year, we had 33 percent of the market being distressed.

 Pending Sales remain strong, but are continuing to go down, as is typical for this time of year. Pending Sale prices are up significantly, $179.9K in June, $184.950 for July. 

 We saw a slight decrease in Sales Price for July Sales with the Median Days on Market staying at 24. However, there was a big decrease in the number of distressed properties that sold. In June we saw 183 and now July is at 156, a 3%percent decrease. Eagle, for the first time since I have been tracking for almost two years, had 0 (zero) bank owned properties sold. Not surprising since there are only 7 for sale!

 

 

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