Boise Real Estate Market Snapshot
Here’s a quick overview of the Boise area’s listing inventory and pending sales, as of 1/18/07.
Ada County (Boise Area) – Available
3,886 homes
$377,759 average asking price
$299,900 median asking price
Ada County (Boise Area) – Pending Sales
685 homes
$296,759 average asking price
$237,225 median asking price
Meridian – Available
1,200 homes
$325,872 average asking price
$299,900 median asking price
Meridian – Pending Sales
153 homes
$314,937 average asking price
$265,030 median asking price
Eagle – Available
404 homes
$673,816 average asking price
$549,900 median asking price
Eagle – Pending Sales
41 homes
$592,600 average asking price
$449,000 median asking price
Summary:
It’s interesting to note the huge price discrepancies between what is offered and what is actually selling.
It is apparent that the average listing is NOT what is selling; most of the activity is in the lower price ranges.
Our listing inventory is down about 20% from the peak of 4,800+ homes last Fall, but up from approximately 1,600 homes available at this time a year ago. I am expecting a surge of listing inventory as we approach Spring, as frustrated sellers who were unable to sell last Fall re-list their homes.
Stay tuned for my upcoming post on 2006 Boise Real Estate Market Stats.
Note: Data taken from Intermountain MLS and includes single-family homes on lot/acreage. Actual sales prices of pending sales are not available until after closing.
January 22nd, 2007 Posted in Uncategorized
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