You bet-ya bucko! 40 Offers got accepted on homes right after Christmas. Once again Eagle leads the County in upper end sales. This time at nearly 1.35mil Eagle Idaho Pending Sale 1.35mil, Star came in a close second at nearly $890,000 Star Idaho Pending Sale and Boise at $678,000 in Hidden Springs. All price ranges and ages are covered but new construction consisted of 32% of the sales. This is a trend I have been seeing for sometime and that is reducing inventories of newly built homes. The new home segment has been the softest part of the marketplace and as supplies decrease so will those bargain values. Feel free to call or e-mail if you would like to talk about these bargains – time is limited.
You bet-ya bucko! 40 Offers got accepted on homes right after Christmas. Once again Eagle leads the County in upper end sales. This time at nearly 1.35mil Eagle Idaho Pending Sale 1.35mil, Star came in a close second at nearly $890,000 Star Idaho Pending Sale and Boise at $678,000 in Hidden Springs. All price ranges and ages are covered but new construction consisted of 32% of the sales. This is a trend I have been seeing for sometime and that is reducing inventories of newly built homes. The new home segment has been the softest part of the marketplace and as supplies decrease so will those bargain values.
Feel free to call or e-mail if you would like to talk about these bargains – time is limited.
It’s true – It’s true. 75 homes home’s had offers presented and offers accepted the week before Christmas. Now who says homes never sell during the holidays? The pending sales are in all price ranges as from $109,000 - $925,000 with 73 average days on market. The upper end property at $925,000 was only on the market a total of 32 days and is expected to close before the end of the year. It is located in Eagle and is on close to an acre. You may want to read my previous post about upper end market time. Its another great day in Boise, Eagle and Meridian Idaho! Merry Christmas!
It’s true – It’s true. 75 homes home’s had offers presented and offers accepted the week before Christmas. Now who says homes never sell during the holidays? The pending sales are in all price ranges as from $109,000 - $925,000 with 73 average days on market. The upper end property at $925,000 was only on the market a total of 32 days and is expected to close before the end of the year. It is located in Eagle and is on close to an acre. You may want to read my previous post about upper end market time.
Its another great day in Boise, Eagle and Meridian Idaho!
Merry Christmas!
The graph below is for all of Ada County (Boise, Eagle, Meridian, Garden City and Star) Homes priced at 500K and above. Even though the months supply of inventory has gone up the days on market for homes that sell is still holding steady. This does not mean that every home sells in 2 months but those that do are on the market a shorter period of time (on average). See two year running total below.
The graph below is for all of Ada County (Boise, Eagle, Meridian, Garden City and Star) Homes priced at 500K and above. Even though the months supply of inventory has gone up the days on market for homes that sell is still holding steady. This does not mean that every home sells in 2 months but those that do are on the market a shorter period of time (on average).
See two year running total below.
We have seen an increase of lease up rates this December for single family rental homes. In the first week of December seven new leases were signed. These were all for single family homes in the $950-$1,250 rent range. This is a significant increase in activity over the months of September and October
Yep – that’s right! If you have been watching or reading the news you are likely thinking I have lost my mind. The media often forgets to mention local stats on residential real estate and only regurgitates the same national stories over and over again. Always stressing the worst possible news, this is often thousands of miles away. The good news is that the total number of homes sold in Ada County in 2007 will be the 5th best ever in this County with well over 6,500 home sales. Ada County includes the cities of Boise, Eagle, Meridian, Garden City and Kuna. Also, did you know that Idaho is ranked the 6th highest in appreciation nationwide? The percent change in house prices in Idaho is up 6.87% (6th in the nation). Boise is at 4.46% for the year (74th in the nation) and flat for the 3rd QTR at -0.02%. See below (source Office of Federal Housing Enterprise Oversight 11/29/2007)
Yep – that’s right! If you have been watching or reading the news you are likely thinking I have lost my mind. The media often forgets to mention local stats on residential real estate and only regurgitates the same national stories over and over again. Always stressing the worst possible news, this is often thousands of miles away. The good news is that the total number of homes sold in Ada County in 2007 will be the 5th best ever in this County with well over 6,500 home sales. Ada County includes the cities of Boise, Eagle, Meridian, Garden City and Kuna.
Also, did you know that Idaho is ranked the 6th highest in appreciation nationwide? The percent change in house prices in Idaho is up 6.87% (6th in the nation). Boise is at 4.46% for the year (74th in the nation) and flat for the 3rd QTR at -0.02%. See below (source Office of Federal Housing Enterprise Oversight 11/29/2007)
The term “foreclosure” is often thrown around these days. You hear stats like “Foreclosure in Idaho increase. The October figure represents a 157% hike from the same time last year” This Nov 30, 2007 Idaho Statesman article is technically correct however in context it’s out of whack. Just to illustrate this if you go from one foreclosure to three you have a 300% increase. Granted foreclosure rates have gone up but in a super heated market foreclosure rates are almost nonexistent. So any comparison to 2005 or 2006 is an apples and oranges comparison. The foreclosure rate in Idaho is at 1%. Ranking Idaho 24th in the nation. See the Relative Frequency of Foreclosure Filings graph below.