Boise Real Estate Blog

Boise, Idaho Real Estate Stats – May 2010

Here’s a snapshot of April’s real estate activity for Boise, Idaho (Ada County):

Available Homes
# Available: 3,579
# Vacant: 1,698
Vacant Percent: 47.4%
Average Asking Price: $248,327
Median Asking Price: $179,900

Pending Sales
# Pending: 1,166
Average Asking Price: $194,619
Median Asking Price: $159,900

Closed Sales – April 2009
# Closed: 450
Average Sales Price: $207,595
Median Sales Price: $174,900

Closed Sales – April 2010
# Closed: 687
% Change: +52.7%

Average Sales Price: $179,907
% Change: -13.3%

Median Sales Price: $150,000
% Change: -14.2%

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.

May 5th, 2010 Posted in Boise Market Stats |

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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.

May 5th, 2010 Posted in Meridian Market Stats |

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Eagle, Idaho Real Estate Stats – May 2010

Here’s a snapshot of April’s real estate activity for Eagle, Idaho:

Available Homes
# Available: 336
# Vacant: 110
Vacant Percent: 32.7%
Average Asking Price: $465,636
Median Asking Price: $382,400

Pending Sales
# Pending: 92
Average Asking Price: $312,326
Median Asking Price: $294,950

Closed Sales – April 2009
# Closed: 35
Average Sales Price: $341,555
Median Sales Price: $267,500

Closed Sales – April 2010
# Closed: 62
% Change: +77.1%

Average Sales Price: $300,439
% Change: -12.0%

Median Sales Price: $253,000
% Change: -5.4%

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.

May 5th, 2010 Posted in Eagle Market Stats |

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Eagle, Idaho's $1 Million+ Homes

The Eagle, Idaho real estate market offers some of the nicer homes in the Boise area.

Beautiful Eagle sits at the base of the foothills, has a quaint downtown area, and offers a quieter lifestyle that is peaceful and appealing

And, it’s just a short drive to downtown Boise.

At present, there are 21 homes (on lots/acreage) priced at $1 million or more on the market in Eagle at an average asking price of $1,588,816.

There have been no closings of $1 million+ homes in Eagle so far in 2010, but there is one in escrow with an asking price of $1,950,000.

5 homes priced above $1 million have closed escrow in the Eagle area in the past year, with an average selling price of $1,323,700.

Based upon an absorption rate of 5 homes per year, there’s a 4.2 year supply of $1 million+ homes for sale in Eagle now.

April 18th, 2010 Posted in About Eagle, ID |

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How Boise Homes Are Selling

In any market, at any given time, there are patterns that reveal how homes are selling.

In our current Boise real estate market, most of our sales include FHA financing because it requires only 3.5% down.

And, most buyers are also asking the seller to pay their closing costs and prepaid escrow items as part of the deal.

If you’re a seller, you may not like the idea of paying your buyer’s closing costs, but complaining isn’t going to help. If you want to sell your home, you will need to deal with it.

We’re also seeing a lot of offers with the buyer asking the seller to provide a one-year home warranty (insurance policy) as part of the transaction.

Such warranties are a good idea, especially for older homes where the buyer wants to avoid costly repairs during their first year of ownership.

April 18th, 2010 Posted in About Boise, ID |

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