by Phil Hoover, Real Estate Broker

Eagle, Idaho Real Estate Stats – February 2014

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

Available Homes
# Available: 264
Average Asking Price: $506,757
Median Asking Price: $425,000
Months’ Supply: 5.5

Pending Sales
# Pending: 84
Average Asking Price: $362,164
Median Asking Price: $299,922

Closed Sales – February 2013
# Closed: 36
Average Sales Price: $378,211
Median Sales Price: $374,950

Closed Sales – February 2014
# Closed: 25
% Change: -30.6%

Average Sales Price: $340,754
% Change: -9.9%

Median Sales Price: $327,000
% Change: -12.8%

Data taken from Intermountain MLS on 3/5/14 and pertains to Eagle, Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past six months.

 

March 5th, 2014 Posted in Eagle Market Stats | Print This Post Print This Post | No Comments »

Eagle, Idaho Real Estate Market Snapshot

Here’s a look at the Eagle, Idaho real estate market, with current listings, pending sales, and 2013 closed sales.

Eagle, Idaho Homes For Sale

  • # Available: 264
  • Average Asking Price: $506,586
  • Median Asking Price: $425,000
  • Months’ Supply: 4.6

Eagle, Idaho Pending Sales

  • # Pending: 81
  • Average Asking Price: $365,156
  • Median Asking Price: $306,741

Eagle, Idaho Closed 2013 Sales

  • # Closed: 698
  • Average Sales Price: $379,795
  • Median Sales Price: $343,950
  • # Short Sales: 38
  • # REO Sales: 24

Data pertains to Eagle, Idaho single-family homes on lot or acreage.

Data does not include condo or townhome properties.

Months’ supply = available listings divided by the past twelve months’ average monthly closed sales.

 

March 4th, 2014 Posted in Eagle Market Stats | Print This Post Print This Post | No Comments »

Boise Real Estate: Why Lowball Offers Rarely Work

Buyers sometimes ask me to write a lowball offer.

That request usually comes from a buyer who doesn’t understand how real estate negotiations work.

It isn’t as simple as believing “the seller can always counteroffer”.

Fact is, in our current market with very low listing inventory, a properly-priced property is going to sell at or near the asking price.

In some instances, a property will sell above the asking price with multiple offers.

When a buyer makes a lowball offer, they run the risk of getting a stiff counteroffer; often at full price when egos collide.

Even worse, some sellers will simply reject a lowball offer outright, thereby shutting the door on further negotiations.

Serious sellers who have priced their property realistically are often unwilling to play amateurish negotiating games.

The best way to achieve a successful negotiation is to make a reasonable offer that can be negotiated to achieve a win-win outcome for both buyer and seller.

 

March 3rd, 2014 Posted in Inside Real Estate | Print This Post Print This Post | 2 Comments »

Thought of the Week – March 1, 2014

 

Someone else’s expectations are irrelevant to me.

Bill Parcells

  

March 1st, 2014 Posted in Thought of the Week | Print This Post Print This Post | No Comments »

Meridian, Idaho Real Estate Market Snapshot

Here’s a look at the Meridian real estate market, with current listings, pending sales, and 2013 closed sales.

Meridian, Idaho Homes For Sale

  • # Available: 518
  • Average Asking Price: $266,248
  • Median Asking Price: $224,900
  • Months’ Supply: 2.8

Meridian, Idaho Pending Sales

  • # Pending: 243
  • Average Asking Price: $257,751
  • Median Asking Price: $232,000

Meridian, Idaho Closed 2013 Sales

  • # Closed: 2,237
  • Average Sales Price: $228,773
  • Median Sales Price: $208,000
  • # Short Sales: 159
  • # REO Sales: 87

Data pertains to Meridian, Idaho single-family homes on lot or acreage.

Data does not include condo or townhome properties.

Months’ supply = available listings divided by the past twelve months’ average monthly closed sales.

 

February 28th, 2014 Posted in Meridian Market Stats | Print This Post Print This Post | No Comments »
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