Friday, January 31, 2014

Ada-Canyon-Counties-Real-Estate-Market

The PTC Index, from Pioneer Title

DECEMBER 2013

Building Permits201
New Home Sales175
Existing Home Sales609
Refinance829
Average Sales Price198326.5
Financial-Bond Market(10-yr Treasury)2.9
Days on Market66
Distressed(Short Sales and REO)1217
Notices of Default175
PTC Index169

2013 has come and gone and wasn’t without its ups and downs. Refinance volume dropped significantly, while the average Treasure Valley sales price made steady gains throughout the year. Building permits for the month of December where down slightly from the month prior by 11 percent, up 18% from a year ago. Interestingly, new home sales increased by 18 percent over November, and were up nearly 28 percent from December 2012. Existing home sales inched up by 10 percent from a year ago, and held relatively steady with November 2012 falling only 3.6 percent. After several months of decline, refis inched up slight by 1.3 percent in December, but down nearly 60 percent from a year ago. Average sales price remained steady to settle at just under $200,000, up 19 percent in the year-ago time period. Distressed properties continued to decline down 6.5 percent from the month prior. Notices of default, however, or up in both the year-ago and month prior time frames but nearly 16 percent.

FOR SOME HISTORICAL BASIS

January of 2010 had PTC Index of 28

A year ago, December of 2012  Index of 224

Last month reflected PTC Index of 172

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