Friday, March 21, 2014

Comparing the Counties, Ada and Canyon

Buyers are out, and I have had several homes receive and accept offers in the past few weeks. But even with that said, I do not see home prices appreciating at this time. Actually it is probably the sign of a healthy market, homes selling but not going crazy. It is important to price homes properly to have them sell n a timely manner.

Sales Volume in February 2013  Vs  February 2014 and  Change

Ada                            468                              422                          -9.8%

Canyon                     181                               178                           -1.6%


Other county to county comparisons:                            Ada                        Canyon

Average Days on Market                                                    66                               69

Percent of Market in New Home Listings                      36%                            37.3%

Year to Year Change in Active Listings                          +23.1%                       +34%

Change in Number of Sales from January                    +11%                           -8.7%

Median prices in both counties took approximately a 4% decline from January to February.  Ada County's median is now at $208,1000 and Canyon sits at $125,000.

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