Boise Real Estate Blog

The first half of the Eagle Idaho real estate market is now in the books.

Now is a good time to look back on the past six months’ numbers and analyze where we stand.

Current Available Listings

• End of June 2016: 296
• End of June 2017: 352
• % Change: +18.9%

Pending Sales

• End of June 2016: 205
• End of June 2017: 208
• % Change: +1.5%

YTD Closed Sales

• 2016: 454
• 2017: 451
• % Change: -.66%

Average Sales Price:

• 2016: $439,587
• 2017: $488,713
• % Change: +11.2%

Median Sales Price:

• 2016: $408,500
• 2017: $423,765
• % Change: +3.7%

Takeaways

• We have 18.9% more available listing inventory this year vs. last year.
• We have 1.5% more current pending sales this year vs. last year.
• We have closed almost the same number of homes this year vs. last year.
• Our current average sales price is 11.2% higher this year vs. last year.
• Our current median sales price is 3.7% higher this year vs. last year.
• 29.8% of our current pending sales are To-Be-Built or Under Construction.
• Many buyers are building custom homes to get what they want vs. settling for an existing home.
• We have 4.3 months’ supply of available listings, which is more than double the months’ supply numbers for Ada County and Meridian.
• To summarize, we have more listing inventory, higher sales prices, and about the same number of pending and closed sales vs. last year.

Date range is January through June of each year.

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

Data does not include condo or townhome properties.

 _______________________________________________________

Phil Hoover is a licensed independent Idaho real estate broker, assisting both buyers and sellers in Boise Idaho, Meridian Idaho, and Eagle Idaho.

During his 45 years of full-time real estate experience, Phil has helped thousands of past clients buy and sell quality properties in the Western U.S.

Phil is one of only ten local Realtors^® (of nearly 5,500) honored with the coveted “Realtor^® Emeritus” award from the National Association of Realtors^®, recognizing 40 years in real estate.

 

Here’s a snapshot of May’s activity for Eagle Idaho real estate.

Available Listings

# Available: 304
Average Asking Price: $602,446
Median Asking Price: $505,920
Months’ Supply: 3.8

Pending Sales

# Pending: 230
Average Asking Price: $486,788
Median Asking Price: $435,000

Closed Sales – May 2016

# Closed: 96
Average Sales Price: $442,776
Median Sales Price: $396,077

Closed Sales – May 2017

# Closed: 96
% Change: No Change
Average Sales Price: $476,250
% Change: +7.6%
Median Sales Price: $435,250
% Change: +9.9%

Data extracted from Intermountain MLS on 6/5/17 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 twelve months.

 _______________________________________________________

Phil Hoover is a licensed independent Idaho real estate broker, assisting both buyers and sellers in Boise Idaho, Meridian Idaho, and Eagle Idaho.

During his 45 years of full-time real estate experience, Phil has helped thousands of past clients buy and sell quality properties in the Western U.S. 

Phil is one of only ten local Realtors^® (of 5,500) honored with the coveted “Realtor^® Emeritus” award from the National Association of Realtors^®, recognizing 40 years in real estate.

 

Here’s a snapshot of April’s activity for Eagle Idaho real estate.

Available Listings

# Available: 319
Average Asking Price: $592,097
Median Asking Price: $499,000
Months’ Supply: 4.0

Pending Sales

# Pending: 203
Average Asking Price: $486,700
Median Asking Price: $445,000

Closed Sales – April 2016

# Closed: 83
Average Sales Price: $439,133
Median Sales Price: $396,700

Closed Sales – April 2017

# Closed: 67
% Change: -19.3%
Average Sales Price: $464,320
% Change: +5.7%
Median Sales Price: $404,670
% Change: +2.0%

Data extracted from Intermountain MLS on 5/7/17 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 twelve months.

 _______________________________________________________

Phil Hoover is a licensed independent Idaho real estate broker, assisting both buyers and sellers in Boise Idaho, Meridian Idaho, and Eagle Idaho.

During his 44 years of full-time real estate experience, Phil has helped thousands of past clients buy and sell quality properties in the Western U.S. 

Phil is one of only ten local Realtors^® (of 5,500) honored with the coveted “Realtor^® Emeritus” award from the National Association of Realtors^®, recognizing 40 years in real estate.

 

One of my buyer clients recently asked me to check on available Eagle Idaho homes on acreage.

Here’s what I found in MLS:

Eagle Idaho Homes On Acreage: Available Listings

• # Available: 21
• Average Asking Price: $894,195
• Median Asking Price: $817,500

Eagle Idaho Homes On Acreage: Pending Sales

• # Pending: 9
• Average Asking Price: $876,882
• Median Asking Price: $849,000

Eagle Idaho Homes On Acreage: YTD Closed Sales

• # Closed: 8
• Average Sales Price: $725,141
• Median Sales Price: $762,250

Data pertains to Eagle Idaho single-family homes on 5 acres or more.

 _______________________________________________________

Phil Hoover is a licensed independent Idaho real estate broker, assisting both buyers and sellers in Boise Idaho, Meridian Idaho, and Eagle Idaho.

During his 44 years of full-time real estate experience, Phil has helped thousands of past clients buy and sell quality properties in the Western U.S.

Phil is one of only ten local Realtors^® (of nearly 5,500) honored with the coveted “Realtor^® Emeritus” award from the National Association of Realtors^®, recognizing 40 years in real estate.