The PTC Index for Ada and Canyon Counties.

Here is the December PTC Index, previously I have only provided the combined Ada and Canyon Index, which I will continue to provide. But I will do the separate county's breakdowns now as well, as it really is the tale of two different markets.

The PTC Index is a monthly measurement of the vibrancy of the Treasure Valley real estate market. Based on a custom weighted algorithm, it combines nine critical measurements of the real estate market into a single, useful number: the PTC Index. To give you some perspective, when the market was at its most active point in 2005, the PTC Index average would have been 225. In January of 2010 we reached a low of 28. Though times have changed, the need for this data is greater than ever.

The PTC Index utilizes a proprietary algorithm that weighs nine key real estate variables. These variables, though widely available, have not been easily collected in a single location. The PTC Index changes that.

This months PTC Index details are below. Previous months can be viewed by selecting a date from the drop down menu below.

These numbers are for Ada and Canyon County.

Typically one of the slower months in real estate, December 2011 resulted in numbers that held steady since the month prior. Notably, distressed properties, which include short sales and REO (real estate-owned) properties, plummeted by 10% down to 2,837 from 3,140 from November. Notices of default also saw a decline of 5% from the month prior from 412 to 391 filings. Additionally, days on market made a drop valley-wide from 80 to 75 days. Financial bonds held steady while new homes sales ticked up slightly, and existing home sales dropped, each by 2.5%. Refinances held steady at 793 while the average Treasure Valley sales price dropped by 5% from $146,492 to $138,907.

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December 2011

Building Permits	132
New Home Sales	79
Existing Home Sales	600
Refinance	793
Average Sales Price	138907
Financial-Bond Market(10-yr Treasury)	1.98
Days on Market	75.5
Distressed(Short Sales and REO)	2837
Notices of Default	391
PTC Index	120

Ada County

December 2011

Building Permits	116
New Home Sales	72
Existing Home Sales	397
Refinance	658
Average Sales Price	181307
Financial-Bond Market(10-yr Treasury)	1.98
Days on Market	86
Notices of Default	223

Canyon County

December 2011

Building Permits	16
New Home Sales	7
Existing Home Sales	203
Refinance	135
Average Sales Price	96507
Financial-Bond Market(10-yr Treasury)	1.98
Days on Market	65
Notices of Default	168

Courtesy of Pioneer Title Company