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New Inventory Figures -- 9/1/2010
September 3rd, 2010 7:25 AM

New numbers were posted yesterday on the inventory page.

Month-end figures will be posted next week sometime, after the holiday.  I tend to wait atleast 5 - 6 days after month-end, so I do not miss about 30-40 sales were are input in MLS. 

Rough Numbers

           Month End Sales Volume (SF,SFAR,Condo,Townhs)
            Aug-09   July-10   Aug-10
Ada       591        450        478      
Canyon  235        240        250

EST AVG Monthly Sold Price - Single Family Only
            Aug-09   July-10   Aug-10
Ada       196K       197K      186K    
Canyon  116K        89K        90K   

  

Have a safe Holiday weekend!

 


Posted by John Hennessey on September 3rd, 2010 7:25 AMPost a Comment (0)

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Mid Month Update - Total Sales
August 16th, 2010 12:20 PM

 

August sales are keeping pace with July sales in Ada county, however Canyon County is way behind.

 

 County       1st - 15th
July Aug
Ada   177   173
Canyon   113  73

Data Source: IMLS


Posted by John Hennessey on August 16th, 2010 12:20 PMPost a Comment (0)

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Need Plumbing Repair?
August 9th, 2010 2:51 PM

 

Figure I would share my experience with Caldwell Plumbing. Joe did a great job! Showed up on time, fixed it and explained the problem all at a fair price.

Caldwell Plumbing, 208-454-0881. Cell 208-880-0663


Posted by John Hennessey on August 9th, 2010 2:51 PMPost a Comment (0)

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New Month End Figures (July - 2010)
August 8th, 2010 7:15 PM

 

I updated Inventory Figures, Top Graphs, Distress Sales.

Sales down, distress sales percent up, slight increase in average sold price for Ada County, Canyon County still has a falling average sold price.

Enjoy the summer.

 


Posted by John Hennessey on August 8th, 2010 7:15 PMPost a Comment (0)

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What happens to sales volume after the $8,000 goes away?
August 7th, 2010 5:09 PM

 

You be the judge, see the huge drop in sales?

 


Posted by John Hennessey on August 7th, 2010 5:09 PMPost a Comment (0)

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Aug 1 Inventory Figures
August 4th, 2010 11:59 AM

 

Vacation was too short! 

New numbers were posted today for Aug 1 inventory figures.  Overall, holding steady.

More updated to be posted this weekend on sales, sales price, sales ratio, distress sales, etc.

 


Posted by John Hennessey on August 4th, 2010 11:59 AMPost a Comment (0)

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Month & Quater End Updates
July 6th, 2010 10:29 AM

 

Updates were given on Inventory, Top Graphs, Distress Sales.

More updates will be posted on 9 Year Trend and The Hennessey Report shortly.


Posted by John Hennessey on July 6th, 2010 10:29 AMPost a Comment (0)

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East Boise County is NOT ADA COUNTY
July 4th, 2010 4:31 PM

 

Are any other appraisers or agents tired of seeing IMLS 1450 - East Boise County be listed as "Ada County"

You think the description would give it away...BOISE COUNTY.

How does Wilderness Ranch area get confused with Ada County?

There is currently 12 active listing like this, and 4 which sold in the last year which were listed like this.

Wrong ones?

 

160 Forest Dr

2 N Ridge Dr.

2951 Hwy 21

12 Edgemere

94 Johnson Creek Rd

13 Melody Lane

96 Johnson Creek Rd

39 Timberline

13 Norwood Pl

85 Chaparral

20 Edgemere Pl

4 Joy Lee Circle


Posted by John Hennessey on July 4th, 2010 4:31 PMPost a Comment (0)

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Happy 4th of July!
July 4th, 2010 4:18 PM

 

Happy 4th of July! 

I updated July inventory numbers....looking better, esp compared to last year!

 


Posted by John Hennessey on July 4th, 2010 4:18 PMPost a Comment (0)

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New Inventory Sales
June 22nd, 2010 12:45 PM

 

Just a quick comparison on how Ada vs Canyon County is selling new homes. 

It appears Canyon County is taking more time selling homes built in 2009 and not selling new construction has fast as Ada County.

Ada

Year Built

Pending

Active

% Pending

2010

119

441

27.0%

2009

38

152

25.0%

Canyon

Year Built

Pending

Active

% Pending

2010

23

149

15.4%

2009

4

76

5.3%

Data Source: IMLS on 6/22/2010


Posted by John Hennessey on June 22nd, 2010 12:45 PMPost a Comment (0)

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June Sales are Up Vs May
June 22nd, 2010 12:19 PM

 

Ada County is tracking about 14% higher sales in the first 2 weeks of June vs May.  Canyon county is about 22% higher. 

This is based on SF, Single Family with Acreage, Townhouse & Condo.

Let's hope for a strong summer of sales.


Posted by John Hennessey on June 22nd, 2010 12:19 PMPost a Comment (0)

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Distress Sales broken down by Year Built
June 10th, 2010 4:35 PM

 

37.17% of distress Sales sold in Ada or Canyon County in 2010 (Jan-May) were built in 2004, 2005, 2006 or 2007.

52.95% of all distress sales sold in Ada or Canyon County in 2010 (Jan-May) were built from 2000 – 2007.

Sold Homes in Ada & Canyon County

Broken Down by YEAR Built

Jan - May - 2010

Year Built

Distress

Typical

Total

2006

344

60

404

2005

222

71

293

2004

121

66

187

2007

114

44

158

2003

100

73

173

2001

89

50

139

2002

82

47

129

2000

69

40

109

1999

67

52

119

1998

65

46

111

1997

60

39

99

1994

53

44

97

2008

52

79

131

Total

2,155

2,005

4,160

The above table summary form, full table...click here.

 

The same trend is similiar for 2009 sales in Ada & Canyon County.

58.25% of the distress sale were built from 2000 - 2007.

 

2009 Summary

Ada & Canyon County

Distress Sales by Year Built

Year Built

Distress

Typical

Grand Total

2006

626

209

835

2005

462

189

651

2007

286

209

495

2004

214

163

377

2003

193

166

359

2002

150

135

285

2001

142

139

281

2000

138

128

266

1999

118

151

269

All of 2009 Data

Data Source : IMLS


Posted by John Hennessey on June 10th, 2010 4:35 PMPost a Comment (0)

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Example how IMLS hides 30 – 40% of days on Market
June 7th, 2010 11:42 AM

 

Filter:         12/6/2009 – 6/7/2010
County:       Ada
Type:         Single Family

Return Value: 2,944 listing and IMLS reports average of 90 days on markets.

HOWEVER

Same filter, but change to ACTIVE & Pending

Return value 4,245 listings and IMLS reports average 117 days on market.

So…the sold listings “hide” at least 30% of the days on the market? YES.

I find a general rule in today’s market, always look at the ACTIVE & Pending sales figure to help determine a baseline, and it is typically will not be better.

You can “define” the filters anyway you want …typically the spread in values are always the same.

 


Posted by John Hennessey on June 7th, 2010 11:42 AMPost a Comment (2)

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New Inventory Numbers - June 1, 2010
June 1st, 2010 10:21 PM

 

New numbers were posted on Inventory.  Hate to be selling Single Family w/ Acreage over $450,000 in Canyon County.

More data to posted later this week on distress sales, top graphs, etc.


Posted by John Hennessey on June 1st, 2010 10:21 PMPost a Comment (0)

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Multi-Units Data (2Plex, 3Plex, 4Plex)
May 26th, 2010 8:58 PM

 

Did some quick research for multi-units.  After the data dump from IMLS, had to clean up the data.  Remove townhouses (I hate seeing townhomes listed in the section!) or when 4 units sell for $1,000,0000 under one MLS number... have to break it down to four listings for $250,000, etc, etc, etc.  The data has over over 3,500 listings.

On the Gross Rent Multipler  (GRM) section, it's only part of the data.  Since there is lacking data in the listings. Regardless...it makes the point.  I did the quick and dirty on GRM = Sold Price / Monthly Rent.

I will be adding a few pages of Cap Rates once the data is cleaned up a bit.

Hope you enjoy, feedback is always welcome.

Click for Summary Data

 

 


Posted by John Hennessey on May 26th, 2010 8:58 PMPost a Comment (0)

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