Boise Real Estate - The Numbers

Boise Real Estate - The Numbers
The market is changing everyday and it is important to stay up on the numbers. One way to know your numbers is to look at last year vs. this year when it comes down to the numbers so you can see the trends of the market.
In the Boise real estate market (not including Meridian, Eagle, or Kuna) there are 4,824 available homes with over 2400 of them being vacant. That means that there are about 50% of the homes that are on the market and vacant. That is great for buyers because that usually means that the owners of the vacant homes will be more likely to negotiate on the price of the home. An occupied home will typically sell for higher than a vacant home because of this fact and occupied homes tend to sell higher because of the "staging" of the home.
There are currently 632 home that are pending in the Boise area with an average asking price of $279,544. That is a pretty high average compared to the yearly stats for sold prices in Boise.
There has been 425 homes that have successfully sold in the past month as well with an average sales price $282,588. That number is down about 25% from last year at this time. When you look at the supply vs. demand, the buying deals are even better than last year. This trend is pretty consistent through the Treasure Valley market.
So when you are looking to buy some Boise real estate make sure that you have a buyer agent on your team that will be able to provide you with the numbers to help you make a great buying decision.
Happy House Hunting!
Ben Janke is a Idaho real estate broker that has written free real estate guides that you can access by clicking the following link Boise Real Estate

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Boise Real Estate - The Numbers

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Boise Real Estate - The Numbers