Meridian, Idaho Real Estate Stats – May 2010
Here’s a snapshot of April’s real estate activity for Meridian, Idaho:
Available Homes
# Available: 930
# Vacant: 490
Vacant Percent: 52.7%
Average Asking Price: $205,592
Median Asking Price: $176,000
Pending Sales
# Pending: 332
Average Asking Price: $187,766
Median Asking Price: $169,900
Closed Sales – April 2009
# Closed: 141
Average Sales Price: $193,736
Median Sales Price: $178,300
Closed Sales – April 2010
# Closed: 172
% Change: +22.0%
Average Sales Price: $172,931
% Change: -10.7%
Median Sales Price: $160,052
% Change: -10.2%%
Data taken from Intermountain MLS on 5/5/10 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.
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No Responses to “Meridian, Idaho Real Estate Stats – May 2010”
By Chris Garvin on May 5, 2010
Dumb question…does closed mean “under contract, in escrow”, or “sold, title transfer recorded at the courthouse”?
I think the latter, but just want to confirm…thinking the volume spike is from the tax break expiry.
-Tx…
By Phil Hoover on May 5, 2010
Good question, Chris.
We in real estate falsely assume that everyone understands our terminology, but that’s not always true.
“Pending” means there’s an accepted offer, which is the same as “in escrow”.
“Closed” means that the transaction has actually closed escrow (deed recorded at the recorder’s office).
I prefer to use “available” as meaning a property hasn’t sold, “sold” means there’s an accepted offer, and obviously “closed” means that escrow has closed.