Market Statistics in Meridian Idaho for residential real estate

All the homes in Meridian that have closed since 6/1/10 that were listed as To Be Built, Under Construction, or New-Never Occupied. 

If you include ALL the solds including the Zero Sold Price and Unpublished Sold, here are the hard numbers

NEW CONSTRUCTION

List Price Total: $19,421,853 (Same period ‘09 $17,076,166)

Sold Price Total: $18,786,070 (Same period ‘09 $15,943,369)

Difference: -$635,783 (96.7% of asking price or 3.27% discount) (Same period ’09 -$1,132,797 or 93.4% of asking or 6.6% discount. An improvement of 3.33% over last year)

When you REMOVE all the listings that skew the total because they are $0 sold price or Unpublished Sold, here are the hard numbers

List Price Total: $15,423,029 (Same period ‘09 $15,741,338)

Sold Price Total: $15,425,046 (Same period ‘09 $15,305,241)

Difference: +$2,017 (100% of asking price or 0% discount) (Same period ’09 -$436,097 or 97.3% of asking or 2.7% discount. An improvement of 2.7% over last year)

TOTAL MARKET (New and re-sale)

277 homes sold

List Price Total: 53,008,201 (Same period ‘09 $52,410,597)

Sold Price Total: 51,657,956 (Same period ‘09 $50,307,836)

Difference -1,350,245=97.5% of asking price or 2.5% discount (Same period ’09 -$2,102,761 or 96% of asking or 4% discount. An improvement of 1.5% over last year)

Without $0 Sold Price or Unpublished Sold

List Price Total: $49,009,377 (Same period ’09 $50,785,869)

Sold Price Total: $48,296,932 (Same period ’09 $49,429,708)

Difference: -712,445=98.5% of asking price or 1.5% discount (same period ’09 -$1,356,161 or 97.4% of asking or 2.6% discount. An improvement of 1.1% over last year)