• Available: 12
• Average Asking Price: $350,691
• Median Asking Price: $337,450
• Short Sale Listings: 2
• REO Listings: 1
• Pending: 3
• YTD Closed: 9
• Average Sales Price: $320,234
• Median Sales Price: $310,000

Data extracted from Intermountain MLS on 5/3/12.

Data pertains to single-family homes on lot/acreage.

Data does not include condo/townhome properties.

Closed sales date range = 1/1/2012 thru 4/30/2012.

That compares to 906 pending sales at the end of April 2011 ~ a stunning 37% increase!

Here’s a breakdown of those pending sales by price range:

• Under $200,000: 744 (60.0%)
• $200,000 to $299,999: 277 (22.3%)
• $300,000 to $399,999: 127 (10.2%)
• $400,000 to $499,999: 47 (3.8%)
• $500,000 and above: 46 (3.7%)

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

A recent Wall Street Journal article describes how multiple offers are back in various recovering real estate markets around the country.

Slim listing inventory, combined with cheap mortgage money, has created bidding wars across the country in some markets.

The result?

Homes are often selling above the asking price, buyers are forgoing inspections or seller-paid repairs, and buyers are no longer asking for seller-paid closing costs.

Gee ~ seems like yesterday that sellers were begging buyers to make an offer on their homes!

Source: Wall Street Journal article

• Available: 9
• Average Asking Price: $402,494
• Median Asking Price: $358,900
• Short Sale Listings: 2
• REO Listings: None
• Pending: 3
• YTD Closed: 10
• Average Sales Price: $248,308
• Median Sales Price: $219,545

Data extracted from Intermountain MLS on 5/3/12.

Data pertains to single-family homes on lot/acreage. 

Data does not include condo/townhome properties.

Closed sales date range = 1/1/2012 thru 4/30/2012.

• Available: 10
• Average Asking Price: $274,986
• Median Asking Price: $287,400
• Short Sale Listings: 1
• REO Listings: None
• Pending: 11
• YTD Closed: 18
• Average Sales Price: $238,683
• Median Sales Price: $230,000

Data extracted from Intermountain MLS on 5/3/12.

Data pertains to single-family homes on lot/acreage. 

Data does not include condo/townhome properties.

Closed sales date range = 1/1/2012 thru 4/30/2012.

• Available: 8
• Average Asking Price: $177,325
• Median Asking Price: $182,250
• Short Sale Listings: 5
• REO Listings: None
• Pending: 5
• YTD Closed: 10
• Average Sales Price: $169,580
• Median Sales Price: $160,500

Data extracted from Intermountain MLS on 5/3/12.

Data pertains to single-family homes on lot/acreage. 

Data does not include condo/townhome properties.

Closed sales date range = 1/1/2012 thru 4/30/2012.

To avoid forgiven debt being considered taxable income, the debt must be tied to a primary residence and must be used to buy, construct, or substantially improve a primary residence.

The act will expire at the end of 2012 unless extended by Congress.

There is a proposal to extend the act to January 1, 2015, but it will be up to Congress to approve the extension.

Not surprisingly, we can expect Congress to argue over “fairness”, who benefits, why it should/should not be done, and who will pay for it.

Source: DSNews.com article

• Available: 23
• Average Asking Price: $682,309
• Median Asking Price: $ $489,900
• Short Sale Listings: 1
• REO Listings: None
• Pending: 2
• YTD Closed: 8
• Average Sales Price: $596,050
• Median Sales Price: $645,000

Data extracted from Intermountain MLS on 5/3/12.

Data pertains to single-family homes on lot/acreage. 

Data does not include condo/townhome properties.

Closed sales date range = 1/1/2012 thru 4/30/2012.

• Available: 3
• Average Asking Price: $302,466
• Median Asking Price: $285,000
• Short Sale Listings: None
• REO Listings: None
• Pending: 3
• YTD Closed: 3
• Average Sales Price: $271,065
• Median Sales Price: $240,195

Data extracted from Intermountain MLS on 5/3/12.

Data pertains to single-family homes on lot/acreage. 

Data does not include condo/townhome properties.

Closed sales date range = 1/1/2012 thru 4/30/2012.

• Available: 10
• Average Asking Price: $402,222
• Median Asking Price: $389,900
• Short Sale Listings: 3
• REO Listings: None
• Pending: 4
• YTD Closed: 8
• Average Sales Price: $355,625
• Median Sales Price: $344,000

Data extracted from Intermountain MLS on 5/3/12.

Data pertains to single-family homes on lot/acreage. 

Data does not include condo/townhome properties.

Closed sales date range = 1/1/2012 thru 4/30/2012.