2010-mid-year-idaho-real-estate-report | Market Updates

Details: Category: Market Updates Market Updates; Published: 03 July 2010 03 July 2010; Hits: 14732 14732

Idaho Real Estate Report for July 1, 2010

What has been happening in the Idaho Real Estate market?

Being in the middle of 2010 for the Idaho real estate industry is still quite an uphill road to run. With foreclosures and short sales being a large portion of our market, it is difficult for sellers who bought at higher prices, but an incredible opportunity for buyers!

At a glance: Treasure Valley Single-Family Home data as derived from the Intermountain MLS from Jan, 1, 2010 to July 1, 2010:
Inventory is up nearly 8%
Average sales price is down almost 10%
The good news: The number of Homes sold is up 58% from 1 year ago

Current Absorption Rates: (This is the average number of homes sold each month divided into the current number of homes for sale, giving us # of month's supply of homes for sale)
      Nampa   7+ months                       Meridian -6.5 months
      Caldwell   -7 months                     Boise 8+ months
      Canyon County 7+ months        Ada County -7.5 months
The good news: These absorption rates are down by about 4 months as compared to 1 year ago. Homes are selling faster! (Each price range will have it’s own absorption rate. Contact me for specific data for your home)

Distressed Properties: (Idaho Short Sales and Idaho Foreclosures)
                                         Active Inventory                 SOLD Inventory
Nampa                                     50%                                      67%
Caldwell                                   49%                                      64%
Canyon County                       47%                                      65%
Meridian                                   39%                                      45%
Boise                                        34%                                      39%
Ada County                              36%                                      44%
The good news: Distressed properties are selling faster than coming onto the market

Get a complete copy of the Mid-Year Idaho Real Estate Report

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Contact Me Today!

Don Wixom
RE/MAX Executives
16201 Idaho Center Blvd.
Nampa, ID 83687
Direct: (208) 880-5039
Office: (208) 466-0002
Fax: (208) 466-2227
Email:
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Realtor, ABR, CRS, GRI,
e-Pro Internet Professional

Quality Service Certified®

2000 "Realtor of the Year"

What my clients say

"Thank you Don for your considerate and professional help on selling our house. Your informative correspondance we recieved before deciding to list it, got you the house, and your continued contact to let us know what efforts were being made to advertise and show the house were greatly appreciated. Showing mutual respect, we feel like we have made a new friend!"
~ Bill and Sharrel Cash, satisfied sellers

"Thank you so much for all of your efforts, patience, perseverance and professional behavior through the ordeal of selling our house. The way you dedicated yourself to your work and to our needs truly showed your eagerness and ability to help. Thank you again."
~ Jan Byers, satisfied seller

"Just wanted you to know that we really appreciate how smoothly the sale of our home went. It really could not have worked out any better. The wide marketing of our home you initiated really paid off. Thank you for a terrific experience. You have our highest recommendations, and we'll be more than happy to pass it along. God Bless!"
~ John and Jeanie Mowery, satisfied sellers

"We cannot thank you enough for your time and patience in finding our new home. There's no way we could've done it without you! You made all our dreams come true and we will always hold you dear for that."
~ Meguel and Kris Escutia, satisfied buyers

"Thanks to Don Wixom, we have been enjoying our new home for six months now. Don as the realtor selling our house worked very hard for us. He helped us through all the complex paperwork involved in making offers, getting a loan, etc. Don paid attention to detail and kept us well informed about how things were going. When things needed to be done, Don was readily available, seeing us through a home inspection, even crawling under the house in the dirt and cobwebs when we asked him to. Don was always only a phone call away. We still remember his phone number, we called him so much! Don has a wealth of experience and resources to offer. We would definitely recommend him to anyone wanting to buy or sell real estate."
~Scott and Naomi Watson, satisfied buyers

"We were long distance buyers. We had been through some major life changes in 2005 and had first contacted Don Wixom in August of 2006. He stood by us 2 1/2 years showing us houses, driving out to houses and emailing us pictures when we were unable to go ourselves, never knowing if he actually would have gotten a sale from us and he never complained or pressured us once.
He always treated us with great respect as if we were his only customer. Don has done more for us than we would have done for ourselves. He gave us great advice. He was always learning what it was that we were looking for. As our needs changed midway through our searching he adjusted to them.
His website allowed us to search the multiple listing service without addresses and phone numbers needing to be given. He would always check into and answer our questions and requests.
When buying or selling in Idaho we would never consider anyone but Don Wixom. He stayed with us for the long haul and we will stay with him."
Steve and Jean McBee, Buyers Nampa

"Thanks Don, for the link to IDX app for iPhone. Works great! All the information I need right at my finger tips! Thanks for always leading from the front!"
Ernie Garza, Buyer