Hidden Springs Idaho Real Estate - Market Report (1st Quarter 2011)
Hidden Springs, Boise, Idaho Real Estate Market Report
Quarterly Update Hidden Springs, Boise Real Estate Activity
January 1, 2011 - March 31, 2011
HIDDEN SPRINGS CLOSED SALES
In Hidden Springs, for the past 3 months there were 17 closings, with an average 5.6 closings per month
The average sale price of all existing home sales in Hidden Springs for the 1st quarter is $255,911 ($97 per square foot). Average days on the market for all existing homes sold was 145 days.
- Excluding distressed sales (Hidden Springs short sales or REO properties), the average sale price of the existing homes in Hidden Springs was $263,166 ($105 per square foot). Average days on the market equal 96 days.
- The average sale price of financially distressed properties in Hidden Springs (Short Sales and bank owned/REO properties) is $226,533 ($84 per foot). Average days on the market equal 130 days.
HIDDEN SPRINGS PENDING SALES
1) As of April 1, 2011 there were 2 pending sales in Hidden Springs, with an average sale price of $384,900 ($126 per foot per the list price). Average days on the market equal 136.
(Market Update as of April 27, 2011: As of the date of this report, there are 7 pending sales in Hidden Springs. The average list price of the pending sales is $387,399 ($119 per square foot). Average days on the market is 55)
HIDDEN SPRINGS ACTIVE LISTINGS
1) There are currently 30 active listings in Hidden Springs with 9 of those having offers already pending short sale approval. Based on the past 3 month sale history, this equates to a 5.4 month supply of homes. Average listing price is $335,413 ($109 per square foot). Average days on the market equal 136.
2) There are currently 17 listings in Hidden Springs which are not financially distressed properties (short sales or bank-owned properties). Average list price is $393,188 ($128 per square foot). Average days on the market equal 76.
3) There are currently 13 listings (43% of the total inventory) in Hidden Springs which are either short sales or foreclosures. Average list price is $259,861 ($85 per square foot), and average days on the market equal 214.
For additional information about buying or selling a home in the Hidden Springs planned unit development, please feel free to contact me at (208) 284-7732.
A website devoted to Hidden Springs events and market data can be found at