Boise Idaho Real Estate Stats – August 2017

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

Available Homes

# Available: 1,942
Average Asking Price: $429,602
Median Asking Price: $329,900
Months’ Supply: 2.1

Pending Sales

# Pending: 1,727
Average Asking Price: $335,878
Median Asking Price: $299,900

Closed Sales -August 2016

# Closed: 1,066
Average Sales Price: $289,047
Median Sales Price: $254,823

Closed Sales -August 2017

# Closed: 1,136
% Change: +6.6%

Average Sales Price: $315,886
% Change: +9.3%

Median Sales Price: $277,500
% Change: +8.9%

Data extracted from Intermountain MLS  on 9/5/17 and pertains to Boise Idaho (Ada County) 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 5,600) honored with the coveted “Realtor® Emeritus” award from the National Association of Realtors®, recognizing 40 years in real estate.

Meridian Idaho Real Estate Stats – August 2017

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

Available Homes

# Available: 529
Average Asking Price: $362,463
Median Asking Price: $301,990
Months’ Supply: 2.0

Pending Sales

# Pending: 602
Average Asking Price: $315,613
Median Asking Price: $293,702

Closed Sales -August 2016

# Closed: 327
Average Sales Price: $281,348
Median Sales Price: $257,653

Closed Sales -August 2017

# Closed: 333
% Change: +1.8%

Average Sales Price: $298,032
% Change: +6.0%

Median Sales Price: $280,000
% Change: +8.7%

Data extracted from Intermountain MLS on 9/5/17 and pertains to Meridian 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 5,600) honored with the coveted “Realtor® Emeritus” award from the National Association of Realtors®, recognizing 40 years in real estate.

Eagle Idaho Real Estate Stats – August 2017

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

Available Listings

# Available: 313
Average Asking Price: $618,580
Median Asking Price: $515,000
Months’ Supply: 3.8

Pending Sales

# Pending: 228
Average Asking Price: $478,775
Median Asking Price: $457,350

Closed Sales -August 2016

# Closed: 99
Average Sales Price: $471,993
Median Sales Price: $429,399

Closed Sales -August 2017

# Closed: 115
% Change: +16.2%

Average Sales Price: $452,550
% Change: -4.1%

Median Sales Price: $410,000
% Change: -4.5%

Data extracted from Intermountain MLS on 9/5/17 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 5,600) honored with the coveted “Realtor® Emeritus” award from the National Association of Realtors®, recognizing 40 years in real estate.

Thought Of The Week ~ September 3, 2017

It’s not what you get,

but what you become, that matters.

 _______________________________________________________

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 5,600) honored with the coveted “Realtor® Emeritus” award from the National Association of Realtors®, recognizing 40 years in real estate.

 

Meridian Idaho Population Approaches 100,000

Meridian Idaho

Meridian Idaho is growing up rapidly as its population approaches 100,000 people.

In fact, that milestone may already have been achieved.

Meridian was ranked the 13th fastest-growing city in the U.S. in 2016.

And, Meridian has appeared on numerous Top 10 lists, including:

There are more, but you get the idea.

In the past ten years, Meridian’s population has more than doubled.

Meridian’s population stood at about 10,000 people in 1990.

When I arrived on September 1, 2000, Meridian’s population was around 30,000.

According to U.S. Census estimates, Meridian may have already hit the 100,000 mark in July.

One expert claims that Meridian’s 100,000th resident will arrive on October 7th.

That prediction didn’t include the precise time of day that new resident would arrive, though.

Meridian is forecast to add 48,000 more jobs by 2020, and more than 75,000 new jobs by 2040.

Those jobs are expected to support 21,000 new households.

2,400 new housing units were built in the West Ada School District (which includes Meridian) in 2016 and 2017.

Meridian’s housing market is red hot with little listing inventory.

Desirable Meridian resale listings often sell in a day or two with multiple offers; often above the asking price.

New home builders are struggling to meet demand and many have a backlog of sales with delivery times of 6-10 months from contract signing.

Very few new homes make it to completion without being sold, resulting in very little completed spec home listing inventory.

Interested in a Meridian, Idaho home?

Call me at (208)938-5533 or e-mail for a prompt response.

I answer my own phone and monitor my e-mail closely.

 _______________________________________________________

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 5,600) honored with the coveted “Realtor® Emeritus” award from the National Association of Realtors®, recognizing 40 years in real estate.