0Posted by Chase Craig on September 27, 2011 at 12:09 pm
Kuna Idaho Real Estate: Denali Heights Subdivision Market Report
Click on the interactive map above for street view
Denali Heights Active Listings:
Total Active Listings: 1
Total Bank Owned or REO: 0
Total Short Sales: 0
Low List Price: $214,900
High List Price: $214,900
Average List Price: $214,900
Months of Supply: 6 – Adjusted months of supply to allow for build jobs – 1.5 Months of Supply.
Denali Heights Pending Sales:
Current Pending Sales: 1
Low Pending Price: $269,000
High Pending Price: $269,000
Average Pending Price: $269,000
Denali Heights Closings:
Sold transactions in the last 12 months: 2
Closed Bank Owned or REO in the last 12 months: 1
Closed Short Sales in the last 12 months: 1
Low Sold Price: $312,000
High Sold Price: $351,000
Average Sold Price: $331,500
Total Sold Lifetime: 18 (This number may seem low…particularly because there are more than 18 homes in Denali Heights. Many builders don’t report their pre-sold build jobs to the MLS).
Information Courtesy of Intermountain MLS 09/27/11
Over the last 12 months, Denali Heights has seen more growth then our tracking systems allows. If you go to www.cityofkuna.com you can see building permits for Denali Heights. In the Last 12 months, Denali Heights has had 6 building permits pulled, none of which were listed in the MLS. That puts 8 total sales in the last 12 months with only 1 home actively on the market. That is why the adjusted months of supply is 1.5 months. If you are looking to sell your home in Denali Heights, now is a prime time to consider it because in 45 days, there wont be any homes on the market.
10Posted by Chase Craig on September 19, 2011 at 11:52 am
Ada and Canyon County Active Listings as of September 19th, 2011
Inventory for Ada and Canyon County real estate is down 4% overall from July to August. This is largely due to the high sales volume in the Boise area and the lack of replenishing inventory. This is also the time of year that most equity sellers will decide to pull their home off the market and wait until Spring. I’m not positive about why exactly they do this, but keep that in mind if you are considering selling your Boise area home. There will be fewer homes to choose from which is always a good thing if you are listing your property. You can see that many of the non-distressed sales are no longer on the market at this time. We lost 472 non-distressed listings from August to September. You might take note that 470 equity closings took place in August which will account for a large part of the drop in inventory. We saw an increase of 22% in bank owned, HUD homes and REO’s. This is the first month we have seen an increase in bank owned inventory in Ada and Canyon county for about 5 months.
3,807 – Active Listings - down 160 (-4%) from August 2011
1,960 – Non-Distressed - down 472 (-19.4%) from August 2011
1,185 – Short Sales - down 54 (-4.4%) from August 2011
361 – Bank Owned, Auction, HUD Home or REO - up 65 (22%) from August 2011
Ada & Canyon County August 2011 Closed and Pending Sales
Closings were up 4.6% from July to August. It is always a good sign to see closings continuing to increase. This is a typical trend that you will see for the month of August as many people are trying to close prior to the school year starting.
987 Closings – up 43 (4.6%) from July 2011
470 Non-Distressed – up 29 (6.6%) from July 2011
336 Bank Owned, Auction, HUD Home or REO - down 7 (-2.1%) from July 2011
181 Short Sales – up 21 (-13.1%) from July 2011
581 Pending - up 68 (13.3%) from July 2011
248 Non-Distressed – up 8 (3.3%) from July 2011
211 Bank Owned, Auction, HUD Home or REO - up 15 (7.7%) from July 2011
124 Short Sales - up 47 (61%) from July 2011
Short Sales - One thing to note about June pending’s is that short sales are up more than 61% from July to August. There is an updated real estate form that allows participating Realtor members to ask for the seller to make the property pending status as opposed to contingent short sale status. Both status are typically subject to bank approval of the short sale, however the pending status requires the seller to no longer continue to market the property. If you are thinking of short selling your Boise home, be sure to ask your Realtor about this new addition to the short sale addendum.
Have any questions or comments about the August statistics for Ada and Canyon County real estate? Please leave a comment or contact me directly.
Looking for Boise Idaho Real Estate for Sale? Visit our website for more information on the latest properties for sale in Boise Idaho and neighboring cities. Boise is a beautiful city in Ada County, Idaho. Boise features four full seasons with many ways to enjoy the outdoors including; biking, hiking, hunting, fishing, skiing, water skiing, camping, boating, green belts and much more.
1Posted by Chase Craig on August 9, 2011 at 3:25 pm
New Listing in Meridian Idaho’s Bridgetower Community
Upon entering, you will be taken back by this homes beauty! On your right you will find either a formal dining or living room, depending on your lifestyle, which conveniently leads to the kitchen featuring a corner sink, stunning cabinetry and granite island. The kitchen flows brilliantly into the eating and great room area. Upstairs you will find space galore! From the oversized secondary bedrooms to the HUGE Recreation room, come see why this is the home for you! Enjoy the beautiful landscaping while you sit and enjoy the shade in your east facing back yard.
3Posted by Chase Craig on August 9, 2011 at 8:59 am
Trying For Sale By Owner?
Showing homes throughout the Treasure Valley, I come across a lot of For Sale By Owner signs and I often wonder; How long have they been on the market? Is their pricing competitive with the rest of the market? Why are they choosing to market their property For Sale By Owner?
Because I have many buyers in the Boise area looking to buy real estate, I make sure to go out of my way to call the for sale by owner’s that are in my buyers area of interest to see if the property would be a good fit for my clients. What I’ve noticed is that they don’t put the property in the best position to sell. Many times a FSBO (For Sale By Owner) seller is too emotionally involved in the property to price it properly. They almost always feel that their property is worth more than every other property in the area because they installed rain gutters, or opted for the gas range instead of the electric. While that may help a client choose their home over another, it’s not the reason they come out to see the property especially when you are priced $15,000 above market value.
The FSBO’s that I see selling and selling well are typically in areas that get heavy drive by traffic or have many active neighbors (55+ communities come to mind). If you are thinking of FSBO there are a couple of resources that I would like to point you to before you “dive” right in. I’m only pointing out the flaws in FSBO because let’s be honest, you want to know more about for sale by owner then just rainbows and butterfly’s.
Keep in mind, a Realtor will always need to put his money where his or her mouth is. They have capital invested in your property when they tell you they are going to sell it for a certain price (signs, lockboxes, flyers, advertising and of course time). If they don’t sell your property in the time you have agreed upon, you pay them nothing. If you decided to go the FSBO route, you could invest up to $1,000 in signage and contract information before you have the home sold.
Any questions about for sale by owner or Boise FSBO’s? Feel free to contact me or comment below.
