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-10Ada 591 450 478 Canyon 235 240 250
EST AVG Monthly Sold Price - Single Family Only Aug-09 July-10 Aug-10Ada 196K 197K 186K Canyon 116K 89K 90K
Have a safe Holiday weekend!
August sales are keeping pace with July sales in Ada county, however Canyon County is way behind.
Data Source: IMLS
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Caldwell Plumbing, 208-454-0881. Cell 208-880-0663
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.
You be the judge, see the huge drop in sales?
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.
Updates were given on Inventory, Top Graphs, Distress Sales.
More updates will be posted on 9 Year Trend and The Hennessey Report shortly.
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
Happy 4th of July!
I updated July inventory numbers....looking better, esp compared to last year!
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
23
149
15.4%
4
76
5.3%
Data Source: IMLS on 6/22/2010
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.
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
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
1998
65
46
111
1997
39
99
1994
53
97
2008
79
131
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
2009 Summary
Ada & Canyon County
Distress Sales by Year Built
Grand Total
626
209
835
462
189
651
286
495
214
163
377
193
166
359
150
135
285
142
281
138
128
266
118
151
269
All of 2009 Data
Data Source : IMLS
Filter: 12/6/2009 – 6/7/2010County: AdaType: 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.
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.
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
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