Tag: housing market
November Market Outlook for Boise Area
by admin on Dec.13, 2009, under Uncategorized
More Homes are Selling!
New contracts in November were 36% higher in Ada County than last November and 43% higher in Canyon County.
90% of closings this month in Ada County were under $300,000 while all but 4 closings in Canyon County were under $300,000.
Using the last twelve months of sales activity as a measure of demand, there is a 6.9 month inventory of homes on the market in Ada County and a 7.9 month inventory in Canyon County, the lowest in both counties for three years.
The Boise Market Today
by admin on Nov.27, 2009, under Uncategorized
GO Blogs
October 2009 Market Statistcs
Main / Market Insight
More Activity! New contracts written (pendings) in October were 79% higher this year than last year in Ada County and 105% higher in Canyon County. It continues to be difficult to get those new contracts closed as almost half have been falling out. Despite the difficulty in getting new contracts closed, closings in October were 41% higher in Ada County than last October and 61% higher in Canyon County. New Construction in Canyon county remains down but pending transactions for new construction in Ada County increased 46% compared to last October while closings increased 37%. The median price of new construction closings in Ada County in October was $147,400, 45% below the median price of a new home which closed in 2007.
More Activity!
New contracts written (pendings) in October were 79% higher this year than last year in Ada County and 105% higher in Canyon County. It continues to be difficult to get those new contracts closed as almost half have been falling out.
Despite the difficulty in getting new contracts closed, closings in October were 41% higher in Ada County than last October and 61% higher in Canyon County.
New Construction in Canyon county remains down but pending transactions for new construction in Ada County increased 46% compared to last October while closings increased 37%. The median price of new construction closings in Ada County in October was $147,400, 45% below the median price of a new home which closed in 2007.
GO Blogs
Even Better Buyers Market! First Time Home Buyers
by admin on Jan.04, 2009, under Uncategorized
The recent transformation of low interest rates has put a good market for buyers into a great buyers market. According to the president of Idaho Central Credit Union, the rates are not only at the lowest in 37 years, it is coupled with bargain pricing, great inventory and on top of it all the$7500 tax credit being offered by the government for first time home buyers. Some pricing in our market is at 2001 levels. With rates at 6.5% in October, it was a good market, however with rates well below 5% it is a GREAT BUYERS MARKET. One thing to take into consideration is that the tax credit is an interest free loan, payable in portions through 2010.
