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Boise Idaho Home Sales – November 2019

December 13, 2019

Boise Idaho Home Sales Activity For November 2019

Boise Idaho Home Sales

Boise Idaho Homes For Sale

  • # Available: 1,500   Click here to view all homes for sale in Boise, ID
  • Average Asking Price: $509,210
  • Median Asking Price: $414,900
  • Months’ Supply: 1.6

Boise Idaho Pending Sales

  • # Pending: 1,311
  • Average Asking Price: $447,127
  • Median Asking Price: $387,990

Closed Boise ID Home Sales – November 2018

  • # Closed: 880
  • Average Sales Price: $355,706
  • Median Sales Price: $320,,000

Closed Boise ID Home Sales – November 2019

  • # Closed: 879
    % Change: -.11%
  • Average Sales Price: $408,291
    % Change: +14.8%
  • Median Sales Price: $359,900
    % Change: +12.5%

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Data extracted from Intermountain MLS on 12/8/19 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.

Boise Idaho Home Sales – October 2019

November 15, 2019

Boise Idaho Home Sales Activity For October 2019

Boise Idaho Home Sales

Boise Idaho Homes For Sale

  • # Available: 1,696   Click here to view all homes for sale in Boise, ID
  • Average Asking Price: $500,322
  • Median Asking Price: $411,110
  • Months’ Supply: 1.8

Boise Idaho Pending Sales

  • # Pending: 1,409
  • Average Asking Price: $440,496
  • Median Asking Price: $389,900

Closed Boise ID Home Sales – October 2018

  • # Closed: 1,035
  • Average Sales Price: $360,022
  • Median Sales Price: $320,000

Closed Boise ID Home Sales – October 2019

  • # Closed: 1,022
    % Change: -1.3%
  • Average Sales Price: $396,746
    % Change: +10.2%
  • Median Sales Price: $350,000
    % Change: +9.4%

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Data extracted from Intermountain MLS on 11/10/19 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.

Boise Idaho Real Estate Market Snapshot

November 6, 2019

Summary of the Boise Idaho Real Estate Market

Boise Idaho Real Estate

Available Listings

  • Our listing inventory remains about the same as it was at the end of Q2.
  • It’s extremely difficult to find a quality home matching a buyer’s specific criteria.
  • We have 1,745 homes available in all of Ada County, spread over 17 MLS areas, in all price ranges.
  • Only 840 (48.1%) of those available listings are existing resale homes.
  • 85 (4.9%) of those listings are “To Be Built” (builders seeking pre-sales).
  • 402 (23.0%) of those listings are “Under Construction”.
  • 424 (24.3%) of those listings are “New-Never Occupied” completed spec homes.

Pending Sales

  • We have 1,391 pending sales in escrow now vs. 1,452 at this time last year (-4.2%).
  • 469 (26.9%) of all pending sales are new homes under construction.

Closed Sales

  • 31.7% of all YTD closed sales were new homes.
  • We closed 8,746 homes in the first three quarters of 2019 vs. 8,937 in the same period of 2018 (-2.1%).

New Homes

  • Many buyers are opting for new homes due to the lack of resale home listings.
  • Most builders are building spec homes with pre-selected options vs. allowing buyers to select options.

Comments

  • We continue to sell fewer homes at higher prices due to our low listing inventory vs. strong demand.
  • Interest rates for owner-occupied homes remain steady around 4% for 30-year fixed-rate loans.

_____________________________________

Looking for a home in Boise, Meridian, or Eagle, Idaho?

Why not put my 47 year’s experience and no-BS insights to work for you?

Call me at (208)938-5533 or e-mail me for exceptional, responsive, expert service!

_____________________________________

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

Data extracted from Intermountain MLS on 10/5/19 and 11/2/19.

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Boise Idaho Home Sales – September 2019

October 11, 2019

Boise Idaho Home Sales Activity For September 2019

Boise Idaho Home Sales

Boise Idaho Homes For Sale

  • # Available: 1,795   Click here to view all homes for sale in Boise, ID
  • Average Asking Price: $504,597
  • Median Asking Price: $415,000
  • Months’ Supply: 1.9

Boise Idaho Pending Sales

  • # Pending: 1,480
  • Average Asking Price: $435,469
  • Median Asking Price: $379,837

Closed Boise ID Home Sales – September 2018

  • # Closed: 931
  • Average Sales Price: $355,812
  • Median Sales Price: $315,000

Closed Boise ID Home Sales – September 2019

  • # Closed: 935
    % Change: +.43%
  • Average Sales Price: $402,274
    % Change: +13.1%
  • Median Sales Price: $349,900
    % Change: +11.1%

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Data extracted from Intermountain MLS on 10/5/19 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.

Boise Idaho Home Sales – August 2019

September 13, 2019

Boise Idaho Home Sales Activity For August 2019

Boise Idaho Home Sales

Boise ID Homes For Sale

  • # Available: 1,729    Click here to view all homes for sale in Boise, ID
  • Average Asking Price: $508,082
  • Median Asking Price: $415,000
  • Months’ Supply: 1.8

Boise ID Pending Sales

  • # Pending: 1,607
  • Average Asking Price: $441,079
  • Median Asking Price: $382,500

Closed Boise ID Home Sales – August 2018

  • # Closed: 1,199
  • Average Sales Price: $372,672
  • Median Sales Price: $330,000

Closed Boise ID Home Sales – August 2019

  • # Closed: 1,058
    % Change: -11.8%
  • Average Sales Price: $404,902
    % Change: +8.7%
  • Median Sales Price: $354,900
    % Change: +7.6%

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Data extracted from Intermountain MLS on 9/7/19 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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Phil Hoover
Real Estate Broker
Phil Hoover, Inc

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