Posts Tagged ‘ statistics ’

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 Statistics -June 2011

The numbers are in for June 2011 for the ADA County area (Boise , Meridian, Eagle, and Kuna). These numbers reflect the active, pending, and sold sales for single family/single family with acreage for the month of June from the Multiple Listing Service.

Available- June 2011 (as of 7/2/11)

#Available: 2583

# Vacant: 1310

# Short Sale: 729

# Bank Owned: 115

Median Asking Price: $179,900

We see yet another month of decreasing inventory available. In May it was 2616, and if we take the contingent short sales out of the mix there is only 2124 properties (single family/single family with acreage) currently available. We also see a slight increase in the Median Asking Price (up from May’s $178,250). What we are also seeing is a decrease in distressed properties on the market. There were 955 in May (36%) and in June there are 844 (33%). If this trend continues we will start to see further positive movement in Median Sales Prices.

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Pending Sales-June 2011 (as of 7/2/11)

# Pending: 926

Median Sales Price: $159,995

The Pending Sales continues to remain relatively the same since May. There were 978 Pending Sales in May at the Median Sales Price of $159,900. These numbers tell me that we will have another solid month in July Closed Sales.

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Closed Sales-June 2011 (as of 7/2/11)

# Closed: 630

# Short Sales: 98

# Bank Owned: 185

Median Sales Price: $150,000

Median Days on  Market: 41

Here we see a nice increase in number of closed sales as well as the Median Sold Price. In May 601 properties closed at the Median Sales Price of $143K. The number of distressed sold properties is down as well. In May we had 323 (54%) and in June we had 282 (45%).  This decrease in distressed properties is evident in the increase in the sold price.

Overall, the Boise Real Estate Market continues to show strong improvements and we could well see the year over year numbers becoming positive as well by October of this year.  Let’s see if our local newspaper actually reports this positive news!

If you would like to see what your home may currently be worth or if you are interested in purchasing a home please go to my web site (no sign up required): www.BoiseRealEstateChick.com

 

Boise Real Estate Market Stats-June (1st-15th) 2011

Below are the Boise Real Estate Market Stats for the halfway mark for June 2011. Numbers are continuing to remain very stable in all categories (active, pending and sold). Numbers are based on single family/single family with acreage from the Multiple Listing Service.

Available 6/1 – 6/15 2011

# Available: 2625

# Short Sale: 785

# Bank Owned: 148

Median Asking Price: $178,400

Number of available listings has barely moved (2616 in May) and Asking Price is up very slightly ($178,250 in May).

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Pending Sales 6/1-6/15 2011

# Pending 1021

Median Asking Price: $159,900

Median Days on Market: 34

Pendings are up (978 in May) so I expect that many of these will work their way over to the closing column in June. Median Asking Price remains the same as it was in May.

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Closed Sales 6/1 – 6/15 2011

# Closed: 241

# Short Sale: 38

# Bank Owned: 80

Median Sales Price: $157,786

Median Days on Market: 39

At the half way mark for the month we are just 360 solds away and with the current number of pending sales I think that we will easily make it to match May’s closed sales numbers (601). Currently the median closed sales price is way up from May ($143K). We will see if those numbers hold or if more distressed sales going through bring it down a bit. Days on Market are down as of now (42 in May).

Overall, things continue to look strong so we will continue to watch and hope that the several months of positive numbers keeps on going. If you would like additional information regarding the Boise Real Estate Market please contact me through my web site (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!

Boise Real Estate Market Stats-Meridian-May 2011

Here are the numbers for the Meridian area for May 2011, active, sold and pending. These numbers are based on single family/single family with acreage from the Intermountain MLS. My commentary will be below each grouping.

Available-May 2011

# Available: 666 (yuck! don’t like that number!!!)

# Vacant: 371

# Short Sale: 200

# Bank Owned: 30

Median Asking Price: $175,000

The active numbers have stayed steady from April, particularly the number available (665 in April) and Asking Price is up slightly ($174,900 in April)

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Pending – May 2011

# Pending: 275

Median Asking Price: $172,000

Numbers are up for pendings (246 in April) and the Asking Price is up nicely ($163,753 in April)  This will be interesting to watch for June closings to see if the median sales price continues to inch up.

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Closed Sales- May 2011

# Closed: 176

# Short Sales: 31

# Bank Owned: 59

Median Sales Price: $152,650

Median Days on Market: 49

The number of closed is up from April’s 156 as is the Sale Price ($151,450 in April). Good news also is that Days on Market are continuing to go down (65 in April).

Sellers that price their home correctly can expect to move their home within 49 days or less! With inventory remaining flat, interest rates remaining low, and buyer demand picking up (particularly in the under $200k range), it is looking like a seller’s market (for the under $200k range)!

If you would like to see what the current Boise Real Estate Market looks like please got to my web site (no sign up required): www.BoiseRealEstateChick.com You can contact me through the website!

 

Boise Real Estate Market Statistics -May 2011

The numbers below reflect homes that are active, pending, or sold in the Boise area for the month of May 2011. They are based on single family/single family with acreage and all numbers are from the Intermountain Multiple Listing Service. My commentary will follow each grouping.

Available: May 2011

# Available: 2616

#Vacant: 1295

# Short Sale: 774

# Bank Owned: 181

Median Asking Price: $178,250

Inventory continues (since January 2011) to remain flat but the number of distressed properties have gone down from 988 to 955. Median Asking Price continues to rise slowly but steadily.

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Pending

# Pending: 978

Median Asking Price: $159,900

Here again we see an increase in Pending Sales up from last months 903 with an increase in Asking Price, also up from last months $154K. This trend looks good for June closings and I expect to see another up month!

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Closed Sales – May 2011

# Closed: 601

# Short Sales: 94

# Bank Owned: 229

Median Sold Price: $143,000

Median Days on Market: 42

All numbers are up across the board with the exception of the Days on Market, that actually went down from April’s 58. Sales Prices are up from last month’s $135K which is actually pretty good considering that the number of distressed properties that sold went up from 316.

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Many of you may have seen the local newspaper here do three days of negative housing market stories. The problem is that the stories reflect either national averages, which are meaningless locally, and they compare 2010 numbers to today. The numbers that I look to see if the market is heading in the right direction are the month to month numbers. These are the numbers that we need to pay attention to in order to determine market bottom. What I am seeing indicates that we have been out of bottom for a few months. Does this mean that prices will only rise? No, because we still have a lot of distressed inventory to clear but when you take that large distressed inventory into account the past few months are pretty impressive! Even still, there will be months when the sold prices may be flat from the previous month or even dip by 5%. I am still confident that the market is mending, slowly but surely.

If you would like to see what homes are going for, please go to my website (no sign in required) :  www.BoiseRealEstateChick.com Feel free to contact me through my web site if you are interested in buying or selling a home!

 

 

 

Current Boise Real Estate Market-May 20, 2011

With a little over a week or more left for the month of May, I thought I would see how the current Boise Real Estate Market was looking compared to April 2011. So far so good!

Available:

May (20th)- 2631

April: -2610

Not much of an increase in inventory, which is kind of odd for this time of year.

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Median List Price has gone up also:

May (20th): $175,000

April: $170,947

List Price is kind of meaningless but what is interesting is that the LP went up in the same increment as the Sold Price and Pending.

Sold  Median Sales Price:

May (20th): $140K

April: $135K

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Pendings are up very nicely also:

May (20th): 979

April: 903

 Many of the May pendings will turn into closed but I expect another strong month of closed properties.  The other interesting item is the median LP is once again $5K higher.

Median LP for Pendings:

May (20th): $159.9K

April: $154K

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Another item to watch is the Days on Market. This has continued to drop over the last few months for sold properties. It was 58 days (median) in April and is now 47.  This is yet another solid indicator that the current market is changing.

I will check back in another two weeks to see if the numbers will continue their upward trend. In the meantime, if you would like additional information on the current Boise real estate market go to my website (no sign in required): www.BoiseRealEstateChick.com

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