Meridian Idaho Home Sales Comparisons

Here’s a year-over-year comparison of closed Meridian Idaho Home Sales

Meridian Idaho Home Sales

2017 Closed Meridian ID Home Sales  (January Thru April)

  • # Closed Sales: 801
  • Average Sales Price: $284,437
  • Median Sales Price: $264,900

2018 Closed Meridian ID Home Sales  (January Thru April)

  • # Closed Sales: 829
    % Change: +3.5%
  • Average Sales Price: $322,009
    % Change: +13.2%
  • Median Sales Price: $295,000
    % Change: +11.4%

Check out my related post on Boise Area Spring Real Estate Market: 5 Things To Know

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Data pertains to Meridian Idaho homes on lot or acreage.

Data does not include condo or townhome properties.

Date Range = January 1stthrough April 30thof each year.

Eagle Idaho Home Sales Comparisons

Here’s a year-over-year comparison of closed Eagle Idaho Home Sales

Eagle Idaho Home Sales

2017 Closed Eagle Idaho Home Sales  (January Thru April)

  • # Closed Sales: 221
  • Average Sales Price: $440,328
  • Median Sales Price: $399,900

2018 Closed Eagle Idaho Home Sales  (January Thru April)

  • # Closed Sales: 340
    % Change: +53.9%
  • Average Sales Price: $503,685
    % Change: +14.4%
  • Median Sales Price: $454,337
    % Change: +13.6%

Check out my related post on Boise Area Spring Real Estate Market: 5 Things To Know

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

Data does not include condo or townhome properties.

Date Range = January 1stthrough April 30thof each year.

New Eagle Idaho Home Under $500,000

eagle idaho

Here’s an interesting case study for a recent buyer client who wanted to buy a New Eagle Idaho home under $500,000.

New Eagle Idaho Home Criteria:

  • Under $500,000
  • New construction.
  • Custom home quality.
  • 2,800 sq. ft. minimum.
  • Four bedrooms; 2½ baths minimum.

New Eagle Idaho Home Search Results

  • Only 8 homes in MLS matched their criteria.
  • 5 of those 8 homes were production-quality tract homes.

Search All Eagle Idaho Homes For Sale !

My clients rejected the remaining three homes for a variety of reasons, including busy streets, floor plans, and quality.

We then switched gears and researched homes matching their criteria in Meridian.

My clients ended up buying a beautiful Todd Campbell home backing to an 8-acre park in Meridian’s beautiful Bainbridge subdivision for $465,900.

Search All Meridian Idaho Homes For Sale !

Just for fun, I searched our Eagle Idaho MLS for Eagle Idaho new home listings matching my client’s original criteria yesterday.

The results?

  • No completed available homes.
  • Three homes under construction
  • Two of the homes under construction were production-quality tract homes.
  • One custom home was under construction and back on the market after a failed transaction.

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Are you looking for a new Eagle Idaho home?

I’m a long-time resident of Eagle Idaho and know the developments, the builders, and the Eagle Idaho market!

I can easily find homes matching your criteria easily with my powerful broker-level MLS search!

Call me now at (208)938-5533, or e-mail me!

Boise Idaho Listings: We Need More!

boise idaho listings

We currently have 1,215 Boise Idaho Listings for single-family homes in our Boise MLS.

That works out to only 1.3 months’ supply of Boise homes for sale.

A six-month supply of listings is considered to be a “balanced market”.

It’s a great time to be a seller in this market, but not so much if you’re a buyer or buyer’s agent.

Of those 1,215 listings, 125 are “To Be Built” and 313 are “Under Construction”.

Those homes are of no interest to buyers who want to buy, close, and move in.

That leaves only 777 resale home listings available in all of Ada County.

Those listings are spread across 17 MLS areas and include all price ranges.

After applying a buyer’s usual criteria, there are often few (sometimes none) homes to consider.

If you’ve followed this blog for a while, you know I pay considerable attention to market statistics with my monthly market statistics blog posts.

January 2018 Market Stats

February 2018 Market Stats

March 2018 Market Stats

April 2018 Market Stats

Those statistics reveal that the number of closed sales for March and April of 2018 are essentially flat vs. the same months in 2017.

Boise Idaho Homes March Closed Sales (year-over-year)

  • March 2017 Closed Sales: 853
  • March 2018 Closed Sales: 863
  • Change: +1.2%

Boise Idaho Homes April Closed Sales (year-over-year)

  • April 2017 Closed Sales: 884
  • April 2018 Closed Sales:  887
  • Change: +.34%

Our year-to-date listing inventory has also remained flat in 2018.

Boise Idaho Listings

  • January Available Listings: 1,200
  • February Available Listings: 1,196
  • March Available Listings. 1,204
  • April Available Listings: 1,266

As of this morning, we have 2,058 pending sales, which is an all-time record.

That number reflects our usual seasonal Spring sales surge that occurred in March and April.

It also confirms that many (most?) Boise Idaho homes are selling as soon as they’re listed.

These numbers make clear that we continue to have strong demand vs. low supply of Boise ID homes for sale.

Plainly stated, we could sell more homes if we had more homes for sale.

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

Data does not include condo or townhome properties.

Boise Idaho Home Sales – April 2018

Here’s a snapshot of April’s Boise Idaho home sales activity.

Boise Idaho Homes For Sale

# Available: 1,266  Click here to view all Homes for sale in Boise, ID
Average Asking Price: $493,758
Median Asking Price: $392,357
Months’ Supply: 1.3

Boise Idaho Pending Sales

# Pending: 1,974
Average Asking Price: $373,748
Median Asking Price: $329,900

Closed Boise Idaho Home Sales – April 2017

# Closed: 884
Average Sales Price: $292,635
Median Sales Price: $252,769

Closed Boise Idaho Home Sales – April 2018

# Closed: 887
% Change: +.34%

Average Sales Price: $348,902
% Change: +19.2%

Median Sales Price: $297,000
% Change: +17.5%

Read about Boise Idaho’s Low Listing Inventory

Data extracted from Intermountain MLS on 5/7/18 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.