by Phil Hoover, Real Estate Broker

Boise Real Estate: $400,000 – $500,000 Market

Available Listings

  • How Many: 94
  • Average Asking Price: $457,734
  • Median Asking Price: $459,100
  • Months’ Supply of Listings: 6.0
  • % of All Available Listings: 5.0%

November Closed Sales

  • How Many: 14
  • Average Sales Price: $447,255
  • Median Sales Price: $430,500
  • % of All Closed Sales: 2.4%

YTD Closed Sales

  • How Many: 171
  • Average Sales Price: $440,394
  • Median Sales Price: $434,181
  • % of All Closed Sales: 2.6%

Takeaways

  • 5.0% of our listing inventory is in the $400,000 to $500,000 price range while 2.6% of our sales are between $400,000 and $500,000.
  • We have 6.0 months’ supply of $400,000 to $500,000 listings, which is considered to be a balanced market.
  • November’s 14 closed sales in the $400,000 to $500,000 price range comprised only 2.6% of all closed November sales.

Data pertains to Ada County single-family homes on lot or acreage.  Data does not include condo or townhome properties.

YTD = 1/1/12 thru 11/30/12.

Month’s supply = available listings divided by average monthly YTD closed sales.

 

December 10th, 2012 Posted in Boise Market Stats Print This Post Print This Post

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