Boise Real Estate Blog

Boise, Idaho Real Estate Stats – September 2010

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

Available Homes
# Available: 3,618
# Vacant: 1,908
Vacant Percent: 52.7%
Average Asking Price: $234,524
Median Asking Price: $169,900

Pending Sales
# Pending: 744
Average Asking Price: $209,414
Median Asking Price: $169,900

Closed Sales – August 2009
# Closed: 554
Average Sales Price: $201,538
Median Sales Price: $171,936

Closed Sales – August 2010
# Closed: 445
% Change: -19.7%

Average Sales Price: $192,045
% Change: -4.7%

Median Sales Price: $164,000
% Change: -4.6%

Data taken from Intermountain MLS on 9/9/10 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.

September 10th, 2010 Posted in Boise Market Stats |

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Meridian, Idaho Real Estate Stats – September 2010

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

Available Homes
# Available: 948
# Vacant: 550
Vacant Percent: 58.0%
Average Asking Price: $193,058
Median Asking Price: $169,900

Pending Sales
# Pending: 200
Average Asking Price: $197,727
Median Asking Price: $179,994

Closed Sales – August 2009
# Closed: 182
Average Sales Price: $187,838
Median Sales Price: $169,500

Closed Sales – August 2010
# Closed: 136
% Change: -25.3%

Average Sales Price: $175,674
% Change: -6.5%

Median Sales Price: $162,188
% Change: -4.3%

Data taken from Intermountain MLS on 9/9/10 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.

September 9th, 2010 Posted in Meridian Market Stats |

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Eagle, Idaho Real Estate Stats – September 2010

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

Available Homes
# Available: 326
# Vacant: 108
Vacant Percent: 39.1%
Average Asking Price: $463,544
Median Asking Price: $384,894

Pending Sales
# Pending: 66
Average Asking Price: $414,717
Median Asking Price: $391,456

Closed Sales – August 2009
# Closed: 35
Average Sales Price: $368,815
Median Sales Price: $315,000

Closed Sales – August 2010
# Closed: 33
% Change: -5.7%

Average Sales Price: $293,917
% Change: -20.3%

Median Sales Price: $291,950
% Change: -7.3%

Data taken from Intermountain MLS on 9/9/10 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.

September 9th, 2010 Posted in Eagle Market Stats |

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Boise Real Estate: July Market Analysis

Here are my random musings on the three previous posts about July market activity:

Positive: Meridian’s average/median sales prices are stable vs. a year ago’s numbers.
Positive: Eagle’s listing inventory is down to only 318 homes (was 574 in July, 2008).
Positive: Eagle’s vacant listings are down to 33% (vs. more than 50% for the rest of the county).
Positive: Ada County’s average sales price declined only 1.9% year-over-year.
Negative: Ada County and Meridian listing inventory has increased (not what we want to see in Summer).
Negative: 57.1% of Meridian’s listing inventory is vacant.
Negative: We sold fewer homes this July vs. last July despite lower prices and lower interest rates.

Observations:

Market activity has slowed since the end of the federal tax credits, but the market has not collapsed.
We are surely somewhere near “the bottom” (prices will not go to zero!)
I remain concerned about our economy, jobs, and the possibility of a double-dip recession.
It is stunning to see some homes in Eagle selling for half the price per square foot of just 3-4 years ago.
Interest rates at 50-year lows, combined with today’s attractive prices, are what’s driving this market.

August 8th, 2010 Posted in Combined Market Stats |

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Boise, Idaho Real Estate Stats – August 2010

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

Available Homes
# Available: 3,758
# Vacant: 1,948
Vacant Percent: 51.8%
Average Asking Price: $233,609
Median Asking Price: $169,995

Pending Sales
# Pending: 667
Average Asking Price: $216,464
Median Asking Price: $174,900

Closed Sales – July 2009
# Closed: 551
Average Sales Price: $207,437
Median Sales Price: $175,000

Closed Sales – July 2010
# Closed: 417
% Change: -24.3%

Average Sales Price: $203,446
% Change: -1.9%

Median Sales Price: $161,000
% Change: -8.0%

Data taken from Intermountain MLS on 8/8/10 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.

August 8th, 2010 Posted in Boise Market Stats |

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