NewHomeIdaho.com Real Estate Blog

Boise - Time Magazine Says 'Getting It Right'

Boise - Time Magazine Says 'Getting It Right'
The City of Trees has made more than its fair share of top ten lists in various national publications.
 
However, the most recent issue of Time includes an impressive addition for Idaho's capital city.
 
Under the magazine's "Solutions for America" header, Time ranked Boise no. 1 out of 9 cities for what it called "getting it right."
 
The criteria for cities to make the list includes a thriving economy, a booming cultural scene, quality health care, and a growing university. See the article here

Article Courtesey of ACAR

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January Ada County Market Report: This Will Take the Chill Off

January Ada County Market Report: This Will Take the Chill Off

Single family home sales in January 2014 were 406 in Ada County, an increase of 10% compared to January 2013.  January sales were strong, and, when linked with December gives us two months in a row or double digit year-over-year increases.

Dollar volume for January was up 23% to $96 million.

Days on Market for January were 70.  Yep. You read that right…70. In December we were at 59. In January 2013, Days on Market was 53. Is this a one time “blip” or something more. Check back in March.

New homes sold in January totaled 99; up 27% from last year.

Existing home sales were 307; up 6%.

Historically, January sales decline from December by an average of 27%. January 2014 posted a 29% increase over December 2013.

Of the total sales in January, 12% were distressed; up 2% from last month. In January 2013, 25% of sales were distressed.

For the month of January, REO sales (70% of Distressed; 34 total sales) exceeded Short Sales (30% of Distressed; 17 total sales).

Pending sales at the end of January were 813; down 15% from January 2013.

Of Pending sales in distress (14%), there was a decrease in the number of Short Sales (from 57% to 56% of activity; 31 total sales) and a increase in REO sales (from 43% to 44%; 25 total sales).

January median home price was $208,190; up 12% from January 2013.

New Homes median price for January was $267,000; up 11% from January 2013. For Existing homes the increase is 12% to $189,900.

The number of houses available for sale at the end...