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.
0Posted by Chase Craig on July 6, 2011 at 10:03 am
Silverleaf Meridian Idaho Subdivision Market Report
View Larger Map Click on the interactive map above for street view – There is now a pool here
Silverleaf Active Listings:
Total Active Listings: 8
Total Bank Owned or REO: 0
Total Short Sales: 3
Low List Price: $125,000
High List Price: $199,149
Average List Price: $159,201
Months of Supply: 8
Silverleaf Pending Sales:
Current Pending Sales: 2
Low Pending Price: $146,900
High Pending Price: $153,696
Average Pending Price: $150,298
Silverleaf Closings:
Sold transactions in the last 12 months: 12
Closed Bank Owned or REO in the last 12 months: 2
Closed Short Sales in the last 12 months: 1
Low Sold Price: $130,000
High Sold Price: $200,000
Average Sold Price: $165,224
Total Sold Lifetime: 133
Information Courtesy of Intermountain MLS 07/05/11
Over the last 12 months, 8 of the homes sold in Silverleaf (66%) were brand new and had never been occupied which leaves the other 33% as resales. The listing prices has obviously decreased significantly year over year to the point that it is at. With 8 active listings in Silverleaf and an average of 1 sale per month over the last 12 months, we have 8 months of supply. But don’t let the 8 months of supply scare you too much as 3 of the active listings are actually contingent short sales awaiting bank approval which really only leaves us with 5 active listings or 5 months of supply. The typical thresh hold for supply and demand determining a buyer or seller’s market is 6 months. Over 6 months of inventory is considered a buyers market and under 6 months of inventory is considered a seller’s market. So if you rule out the contingent short sales which most reasonable people would, Silverleaf would be considered a seller’s market. It’s obvious that values are down which make it difficult to consider anything a seller’s market but the facts are that homes that are priced right are selling in today’s real estate market. Silverleaf in Meridian has also been ahead of the curve regarding distressed properties. If you are looking to sell your home in Silverleaf feel free to contact me today. You can also view active Silverleaf Listings in Meridian, ID here as well.
View Larger Map
Click on the interactive map above for street view
Lochsa Falls Active Listings:
Total Active Listings: 22
Total Bank Owned or REO: 2
Total Short Sales: 12
Low List Price: $129,000
High List Price: $365,000
Average List Price: $230,141
Months of Supply: 5
Lochsa Falls Pending Sales:
Current Pending Sales: 8
Low Pending Price: $129,900
High Pending Price: $289,900
Average Pending Price: $221,950
Lochsa Falls Closings:
Sold transactions in the last 12 months: 53
Closed Bank Owned or REO in the last 12 months: 22
Closed Short Sales in the last 12 months: 18
Low Sold Price: $110,000
High Sold Price: $352,500
Average Sold Price: $213,892
Total Sold Lifetime: 711
Information Courtesy of Intermountain MLS 07/05/11
Lochsa Falls neighborhood in Meridian Idaho is an absolutely beautiful community! With water features at nearly every entrance and a seemingly endless amount of common area, basketball courts, bike and walking paths and even a covered eating area near the play ground Lochsa Falls has something for everyone. Lochsa Falls is also located within walking distance of Meridian’s coveted Hero’s Park ran by PAL. As far as the statistics go, Lochsa Falls has been overwhelmingly distressed listings and sales for the past 12 months. Lochsa Falls current inventory consists of more than 50% short sales which has played a pivotal role in the pricing for the area. The good news is that the inventory levels have shifted to below 6 months (5 months of supply to be precise) which typically reflects a seller’s market as far as supply and demand is concerned. Look for the distressed properties to continue, but to clear out fast as this is still a very desirable community to live in Meridian, ID. Contact me today for a free market analysis and home valuation for your specific home.
NorthWest Meridian Idaho Active Listings and Market Statistics
View Larger Map
Click on the interactive map above for street view
NorthWest Meridian Idaho Active Listings:
Total Active Listings: 298
Total Bank Owned or REO: 9
Total Short Sales: 104
Low List Price: $58,000
High List Price: $880,000
Average List Price: $184,325
Months of Supply: 4.2
NorthWest Meridian Idaho Pending Sales:
Current Pending Sales: 120
Low Pending Price: $59,900
High Pending Price: $403,371
Average Pending Price: $183,056
NorthWest Meridian Idaho Closings:
Sold transactions in the last 12 months: 858
Closed Bank Owned or REO in the last 12 months: 304
Closed Short Sales in the last 12 months: 183
Low Sold Price: $36,950
High Sold Price: $805,000
Average Sold Price: $162,324
Total Sold Lifetime: 11,377
Information Courtesy of Intermountain MLS 06/30/11 – Active Listings and Sold’s less condo’s, townhouses and mobile homes.
NorthWest Meridian is a unique market in that scale has definitely tipped from a buyer’s market to a seller’s market. Obviously the prices and the rates are still very aggressive and make it very helpful for buyers in this market, but the supply and demand definitely favor the seller’s in Northwest Meridian. With just over 4 months of active inventory listed, it’s no wonder that homes priced right are getting multiple offers and often times getting bid up. Are you looking to sell your home in Meridian? Click the link for a free home valuation and market analysis or click the contact me button on the left. If you are looking to buy a home in Meridian, click the link to find the home of your dreams.
0Posted by Chase Craig on June 30, 2011 at 3:00 pm
Paramount Meridian Idaho Real Estate Subdivision Market Report
View Larger Map
Click on the interactive map above for street view
Paramount Active Listings:
Total Active Listings: 22
Total Bank Owned or REO: 0
Total Short Sales: 3
Low List Price: $178,900
High List Price: $324,875
Average List Price: $247,542
Months of Supply: 4.2
Paramount Pending Sales:
Current Pending Sales: 9
Low Pending Price: $154,500
High Pending Price: $338,600
Average Pending Price: $254,145
Paramount Closings:
Sold transactions in the last 12 months: 63
Closed Bank Owned or REO in the last 12 months: 8
Closed Short Sales in the last 12 months: 10
Low Sold Price: $245,080
High Sold Price: $394,117
Average Sold Price: $164,890
Total Sold Lifetime: 546
Information Courtesy of Intermountain MLS 06/28/11
Meridian Idaho’s Paramount neighborhood is looking very healthy. With only 8 foreclosures sold in the past 12 months and 0 foreclosures actively listed, it would seem that short sales are a larger market in Paramount. It’s also good to see that in the last 12 months sales, the average sold price is HIGHER then the average list price. Which means that homes are selling at or above their list price in paramount. This could be due to bidding wars or adding in extras such as closing costs or amenities. If you were considering selling your home in Paramount, now would be a great time as there are only 4.2 months worth of market supply.
