Sales continue to be strong in the Boise real estate market. In December, 467 single family homes sold. Although that is down about 10% from December 2010, the good news comes from the increase in median price and average price. December median price is up 1.22% over December 2010 and average price is up 3.47% in the same time period.
Days on Market is continuing to drop – 86 days in December 2011 compared to 94 days in 2010.
My daily experience is telling me that some price points – less than $150,000 – have a pent up demand as most homes in that price range are commanding multiple offers. There also seems to be a lack of single level homes in the Meridian area and those coming onto the market are selling within just a few days.
If you’re an investor or have been thinking that you’d like to acquire some rental properties, it isn’t too late. It is still possible to find rental properties that can cash flow in this tight rental market. If you’d like additional information about purchasing rental properties, give me a call.

Sales numbers broken down by area:
Boise
North – 18 homes with a median price of $210,000
Northeast – 9 homes with a median price of $387,646
Southeast – 38 homes with a median price of $164,100
Bench – 35 homes with a median price of $106,900
South – 26 homes with a median price of $130,000
Southwest – 51 homes with a median price of $135,990
West – 28 homes with a median price of $130,000
West/Garden City – 31 homes with a median price of $120,000
Garden City – 3 homes with a median price of $339,000
Northwest – 34 homes with a median price of $169,900
Meridian
SE Meridian – 15 homes with a median price of $216,000
SW Meridian – 7 homes with a median price of $308,000
NE Meridian – 45 homes with a median price of $168,000
NW Meridian – 58 homes with a median price of $154,000

Eagle – 30 homes with a median price of $333,000

Star – 13 homes with a median price of $170,000

Kuna – 26 homes with a median price of $112,000

Statistics provided by Intermountain Multiple Listing Service

Posted In Blogroll, Monthly Homes Sales

This entry was posted on Thursday, January 12th, 2012 at 4:21 pm and is filed under Blogroll, Monthly Homes Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.