Posted by Chase Craig on April 27, 2011 at 5:58 pm
Nampa Idaho and Canyon County 2010 Real Estate Statistics
Take a look at the slide showing the total number of homes sold in Canyon County for 2010. Just like the increase of homes old in Ada County, Canyon County followed the same trend last year during the months of March and June. These are historically good months for real estate in the Nampa area, but the main reason for the spike in sales might be due to the tax credit offered last year. Total closed sales for 2010 in Canyon County is 2,998. This is an increase of 415 homes sold over 2009.
The average sold price in Canyon County for 2010 was $105,224. This is a decrease of just over $20,000 from the average sold price of $125,309 for 2009.
The average days on market were 83 for 2010 in Canyon County. The average days on market in 2009 was 89 so homes were selling faster in 2010 then in 2009. You have probably heard a lot of negative news about listing your home and this market being impossible to sell a home in. Homes are moving quickly in this market at less than 3 months on the market on average. The key is pricing your home properly.
The Skinny:
To sum all of this information up for you, homes are still selling and they are selling fast. It is absolutely still a buyers market but the depletion of supply in Ada and Canyon County is leading us into more of balance between what is considered a Buyer’s market and Seller’s market. Stay tuned for more information on how this data is trending for 2011.
Chase Craig
Boise Real Estate Agent
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Posted by Chase Craig on April 1, 2011 at 9:38 pm
Take a look at this article…It’s amazing to me how easily you can spin good news to make it seem bad.
Someone estimates the amount of homes that 7.2 months are and some how it becomes etched in stone that we have 4,400 future distressed properties that have yet to come on the market. To quote a good friend of mine, “Whose crystal ball are you gazing at?”. Sure someone is taking a stab at it…they were asked a question and gave their answer…do you think the thousands of people that “read” this article really dissected it though? I’m sure that most people read the headline and made up their mind…unfortunately.
Unless you are getting factual numbers from banks, there really isn’t any number that we can hang our hats on. Sure there are some homes that are being foreclosed on or have already been foreclosed on that haven’t yet hit the market. But to throw a number on it as if it were gospel is very reckless in my opinion.
Let’s focus on the facts.
Fact #1 – Ada and Canyon County inventory levels are currently at the lowest they have been since 2006.
Fact #2 – We currently have about 5 months worth of supply on the market today. (Some people consider the tipping point for moving from a buyer’s to seller’s market and visa versa is at the 6 month inventory level. Less then 6 months = advantage seller…More then 6 months = advantage buyer.)
Fact #3 – Inventory levels of distressed properties have been decreasing monthly.
Don’t believe every headline you read in every paper you see…Look for the subtle facts that they sneak in hoping you won’t read the entire article. It’s a great time to buy a home in Boise Idaho!
Chase Craig
Boise Idaho Real Estate
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Posted by Chase Craig on March 22, 2011 at 9:37 pm
1,463 Active Real Estate Listings in Canyon County
669 Active Listings in Canyon County that are non-distressed properties.
*578 Active Short Sale Listings in Canyon County.
213 Active REO Listings in Canyon County.
*166 Active Listings Currently in Foreclosure in Canyon County.
* Note that some short sale listings are also currently in foreclosure so the total number of listings broke down is higher then the total number of active listings in Canyon County.
Information courtesy of the Intermountain MLS.
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