Canyon County High-End Market Stats
I have been working with buyers looking for a large home on small acreage over the past few weeks.
We looked at about 20+properties this past weekend, and as part of my research I analyzed the Canyon County market for properties priced $500,000 and up.
Here’s what I discovered:
- 144 properties available.
- 3 properties in escrow.
- 5 properties closed year-to-date.
That works out to an absorption rate of one property per month, resulting in a 12-year supply of listing inventory above $500,0o0.
If that isn’t a buyer’s market, I don’t know what is!
May 19th, 2008 Posted in Combined Market Stats
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