Dear Deborah What is the Nampa Idaho Market Doing? November 2011 Market Stats

By
Real Estate Agent with Keller Williams Realty Boise Idaho SP20114

What is the market doing in Canyon County .....Nampa Idaho?  

Below is a chart with all sorts of information to explain what our market is doing...

As many of you have seen in TV commercials...

Real Estate is Local....

Our Market is a Sellers Market...

Market Stats Nampa Idaho November 2011

The above chart has so much information....where to start....

If we look at the total number of homes sold in Canyon County we can see that we are just short of 3000 homes sold in the past 12 months....

The average price of a home sold in 2011 is $85,862 compared to 2010 where the average price was $85,323

72.2% of the homes sold were Distressed....(short sales or REO/Bank Owned Properties)    This actually makes a seller who has equity in their home have a very good chance of selling their home.    Buyers are fed up with the long process of a short sale and the hoops and challenges they have to go through to buy a bank owned home. A seller who has equity can complete a home purchase quickly and with less headaches.  

  The average square foot of a home sold in Canyon County this year is 1683 sq ft at $51.02 per square foot.    Quite a bargain when you think of it!  

Over all there is a shortage of homes on the market....less than half of what was listed just one year ago.   In some price categories we have less than 6 months of inventory.     This will make slim selections come this spring unless we have more inventory come on the market!  

We are actually in a Sellers Market now with these inventory levels....over all we have 2.8 months of inventory....a good or balanced market has about 4-6 months of inventory.  

If you would like more information on these statistics Please contact  me today

**The information provided is derived from the Intermountain MLS.  It is deemed reliable but not guaranteed! 

 

Posted by

Bzybee Logo

Deborah Byron Leffler   SFR, PMN "The BZYBEE REALTOR"

Keller Williams Realty Boise

Serving All of Boise, Nampa, Meridian, Eagle, Caldwell, Marsing, Wilder, Homedale and Middleton

Comments (7)

Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

I bet buyers read that your market is a seller's market and just shake their heads! But Channel 11 said...... BAH! ☺

Dec 28, 2011 09:16 AM
Deborah Byron Leffler BzyBee Real Estate Lady!
Keller Williams Realty Boise - Nampa, ID

Joni....it does make you wonder doesn't it???   All we can do is keep on educating!!!

Dec 28, 2011 11:39 AM
Kristal Wilson
KB Home - Fontana, CA
Cause We Like 'Em New ~ New Home Specialist!

Deborah ~ I am sure clients will really enjoy your interpretation of the data. Here's to buyers jumping on the band wagon & taking advantage of great deals.

Dec 28, 2011 12:14 PM
Deborah Byron Leffler BzyBee Real Estate Lady!
Keller Williams Realty Boise - Nampa, ID

Thanks Kristal....I hope they do!!! 

Dec 28, 2011 12:18 PM
Cathy Criado
Criado Realty - San Antonio, TX
Making Real Estate Profitable

Hi Deborah - Glad you did those market reports, that's my project for tomorrow. I had a hard time reading the graphic, you might want to change your jpeg settings to highest quality. Or, my eyes are just really tired.

I'm back! It's been a nice break and I'm still on a part-time basis until next year.  But I'm getting back into the swing of things none-the less.  I posted a blog today on an FHA rule and its effect or benefit on the national housing market. My commitment to 2012 is to write quality blogs that are for all of my readership, inside and outside of the rain.  I want my clients and readers to know what's happening in the market and that I am a reliable resource.

Dec 28, 2011 02:35 PM
Stone Cornell
Acton, MT

Great information.  Thank you for doing the research and providing to consumers.  Educated Buyers are a great asset in todays market. Right now, the Canyon County market is a win-win for both Buyers and Sellers. Keep up the hard work and best wishes for 2012.  Steven Caporale, Boise Premier Real Estate

Dec 29, 2011 03:25 AM
Deborah Byron Leffler BzyBee Real Estate Lady!
Keller Williams Realty Boise - Nampa, ID

THanks so much Cathy....here is to a wonderful 2012!!!

Steve....our market is hanging in there!   All sorts of positives to look at!!!

Dec 29, 2011 04:25 AM