Boise Real Estate Blog

Pending Sales Trend Since January 2011

Here’s a look at pending sales statistics since January 2011 with month-over-month changes:

January 2011: 682 (baseline)
February 2011: 794 (+16.4%)
March 2011: 887 (+11.7%)
April 2011: 906 (+2.1%)
May 2011: 985 (+8.7%)
June 2011: 934 (-5.2%)
July 2011: 931 (no change)
August 2011: 874 (-6.2%)
September 2011: 851 (-2.6%)
October 2011: 814 (-4.4%)
November 2011: 758 (-5.7%)
December 2011: 678 (-10.6%)
January 2012: 825 (+21.7%)
February 2012: 968 (+17.3%)
March 2012: 1,121 (+15.8%)

Analysis:

Ada County’s pending sales have increased dramatically in the past 30-45 days.
March 2012 pending sales are 26.4% above those of March 2011.
Many of these pending sales (especially those in the under-$200,000 price range) are the result of multiple offers, often above the asking price.

Pending sales are a leading indicator of future closed sales and are usually stronger in the Spring and Summer months.

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

April 9th, 2012 Posted in Boise Market Stats |

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Happy Easter!

April 8th, 2012 Posted in Phil's Phunny Stuff |

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Boise, Idaho Real Estate Stats – April 2012

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

Available Homes
# Available: 1,876
# Vacant: 923
Vacant Percent: 49.2%
Average Asking Price: $267,238
Median Asking Price: $199,600

Pending Sales
# Pending: 1,118
Average Asking Price: $199,624
Median Asking Price: $168,000

Closed Sales – March 2011
# Closed: 549
Average Sales Price: $161,051
Median Sales Price: $135,000

Closed Sales – March 2012
# Closed: 522
% Change: -4.9%

Average Sales Price: $177,946
% Change: +10.5%

Median Sales Price: $153,000
% Change: +13.3%

Data taken from Intermountain MLS on 4/6/12 and pertains toAda County single-family residences on lot or acreage. Data does not include condominiums or townhomes.

April 7th, 2012 Posted in Boise Market Stats |

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Meridian, Idaho Real Estate Stats – April 2012

Here’s a snapshot of March’s real estate activity for Meridian, Idaho:

Available Homes
# Available: 463
# Vacant: 250
Vacant Percent: 54.0%
Average Asking Price: $219,864
Median Asking Price: $199,900

Pending Sales
# Pending: 329
Average Asking Price: $194,836
Median Asking Price: $179,900

Closed Sales – March 2011
# Closed: 136
Average Sales Price: $163,930
Median Sales Price: $142,120

Closed Sales – March 2012
# Closed: 169
% Change: +24.3%

Average Sales Price: $178,705
% Change: +5.2%

Median Sales Price: $164,900
% Change: +16.0%

Data taken from Intermountain MLS on 4/6/12 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.

April 7th, 2012 Posted in Meridian Market Stats |

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Eagle, Idaho Real Estate Stats – April 2012

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

Available Homes
# Available: 228
# Vacant: 90
Vacant Percent: 39.5%
Average Asking Price: $446,034
Median Asking Price: $389,838

Pending Sales
# Pending: 83
Average Asking Price: $330,069
Median Asking Price: $299,000

Closed Sales – March 2011
# Closed: 35
Average Sales Price: $313,776
Median Sales Price: $275,000

Closed Sales – March 2012
# Closed: 33
% Change: -5.7%

Average Sales Price: $312,212
% Change: -.50%

Median Sales Price: $265,000
% Change: -3.6%

Data taken from Intermountain MLS on 4/6/12 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.