Boise Idaho Home Sales – January 2019

Boise Idaho Home Sales Activity For January 2019

Boise Idaho Home Sales

Boise Idaho Homes For Sale

# Available: 1,369    Click here to view all homes for sale in Boise, ID
Average Asking Price: $488,814
Median Asking Price: $409,000
Months’ Supply: 1.4

Boise ID Pending Sales

# Pending: 1,236
Average Asking Price: $416,559
Median Asking Price: $360,624

Closed Boise ID Home Sales – January 2018

# Closed: 640
Average Sales Price: $329,484
Median Sales Price: $278,409

Closed Boise ID Home Sales – January 2019

# Closed: 586
% Change: -8.4%

Average Sales Price: $366,828
% Change: +11.3%

Median Sales Price: $314,245
% Change: +12.9%

Boise Idaho Community Information

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Data extracted from Intermountain MLS on 2/4/19 and pertains to Boise 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 twelve months.

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The Secret Language of Boise Idaho Real Estate Listings

Here are some insights into the secret language of Boise Idaho real estate listings.

Boise Idaho Real Estate Listings

Potential

It’s highly unlikely that this home will ever be what it could be.

Cozy

This home is so small that you’ll see yourself coming and going after you move in.

Rare

You will never, ever  see another home like this one.

Hard-To-Find

You wouldn’t find another home like this one if you looked forever.

Amazing

The word “amazing” is what you say when you’re speechless.

Stunning

Similar to “amazing”, only more so.

Classic

This home will make you appreciate indoor plumbing and electricity.

Original

The sellers have gone to great lengths to avoid updating this home.

Quaint

Quaint is a synonym for odd.

Unique

Unique is a synonym for weird.

Charmer

Trust me, this home didn’t graduate from charm school!

Mature Landscaping

If it were hair, it would be gray.

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

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NW Boise Probate Sale Fixer

Just Listed – NW Boise Probate Sale Fixer

NW Boise Probate Sale - 1

6899 N. Casa Real Place, Boise, Idaho

Court-approved probate sale.

Quiet cul-de-sac location.

Easy commute to downtown Boise.

Attached sun room.

Home needs work.

Offered “as is”.

Seller will make no repairs.

Existing refrigerator, washer, dryer included.

Cash or conventional financing only.

Home has been pre-inspected.

Fast closing possible.

Priced To Sell @ $224,900

 

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Boise Idaho Real Estate Market: 2018 vs. 2017 Comparison

2017 vs. 2018 Boise Idaho Real Estate Market Comparison

Boisie Idaho Real Estate Market

Available Listings @ Year-End

  • 2017: 1,514
  • 2018: 1,516
  • % Change: No Change

Months’ Supply of Listings @ Year-End

  • 2017: 1.6
  • 2018: 1.6
  • % Change: No Change

Pending Sales @ Year-End

  • 2017: 995
  • 2018: 1,049
  • % Change: +5.4%

Total Annual Closed Sales

  • 2017: 11,234
  • 2018: 11,540
  • % Change: +2.7%

Average Sales Price@ Year-End

  • 2017: $315,783
  • 2018: $371,023
  • % Change: +17.5%

Median Sales Price@ Year-End

  • 2017: $275,672
  • 2018: $324,900
  • % Change: +17.9%

Boise Idaho Real Estate Market Summary:

  • 2018 year-end listing inventory is equal to 2017.
  • 2018 year-end months’ supply of listing inventory is equal to 2017.
  • 2018 year-end pending sales increased 5.4%
  • 2018 year-end average increased 17.5%.
  • 2018 year-end median price increased 17.9%.
  • Our lack of listing inventory is driving rising sales prices as buyers compete for scarce listings.
  • We would probably be selling more homes if we had more listing inventory.
  • New home sales are benefitting from the severe lack of resale listing inventory.
  • 604 (39.9%) of our 1,514 available listings are TBB (To Be Built) or UC (Under Construction) homes that aren’t viable options for buyers wanting to buy and close promptly.
  • There are only 910 existing homes for sale in Ada County, in all price ranges, spread over 17 MLS areas.

Data pertains to Ada County single-family homes on lot or acreage.

Data does not include condo or townhome properties.

Data extracted from Intermountain MLS on 1/6/19.

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

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