The amount of homes sold are up in both Ada and Canyon counties over the same period last year. Ada County is up 6.2% over the first 10 months of 2010, while Canyon County is up 7.4%.
The average monthly sold price has held somewhat steady over the past year in Ada County, now standing at about $175,000, October 2010 showed average of $173,000. The months between showed a high of $183,000 and low of $$157,000.
In Canyon County, while there has also been some up and down variances, but October's average sold price was $98,000 down from $111,000 in October 2010.
Another interesting note, the sales ratio in both counties have been climbing, the sold price is getting closer to the listed price. Both counties are close to 95%. I think two things are in play here: 1) sellers are getting more realistic in general, 2) distresses sales (bank owned and short sales) are sometimes underpriced resulting in sales prices higher than asking.
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