Boise Real Estate’s Uneven Recovery
The Boise real estate market has improved dramatically in the past 90 days or so.
Listing inventory remains thin and lower-priced homes are selling quickly; often with multiple offers above asking prices.
But, our “recovery” is very uneven with most of our sales occurring in the under-$200,000 price range.
Here’s a breakdown, by price range, of our current 1,240 pending sales.
- Under $200,000: 737 (59.4%)
- $200,000 to $299,999: 300 (24.2%)
- $300,000 to $399,999: 131 (10.6%)
- $400,000 to $499,999: 42 (3.4%)
- $500,000 and above: 30 (2.4%)
It’s interesting to note that 83.6% of our current pending sales are under $300,000.
Data pertains to Ada County single-family homes on lot/acreage. Data does not include condo/townhome properties.
July 13th, 2012 Posted in Boise Market Stats
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2 Responses to “Boise Real Estate’s Uneven Recovery”
By Damon Dickson on Jul 14, 2012
This is a very interesting break down on sales. Surprised that the 200K – 300k is doing as good as it is.
By philhoov on Jul 14, 2012
Hi Damon ~
Thanks for your comment.
Yes, the “recovery” is rippling upstream somewhat, but things really fall off quickly when you cross the $200k line.