ADA County Real Estate

16 12 2015
 November 2015 Inside Scoop – Ada County
If you like to keep score 11 vs. 8 :o)
(I am only counting an item as “Positive” if the first part is in bold)
Positive News in in Bold
 
1.  Sales are down 21% from last month, 18% up from this same month last year.  Wow! Chart A3
 
3.  Distressed sales were unchanged this month.  Short Sales were 1% of the total sales this month.  Record high 01/12 23%.  REO sales were 2%.  Record High 12/10 at 40%. That makes 3% of the sales “distressed” this month.  Record high was 12/10 at 61%  A distant memory!  Chart A42
 
4.  Short Sales closing success % up – 14% this month.  12/10 high of 22%.  Record Low 11/14 at 9%.  A53.
 
6.  Year to date sales units up 19% from a year ago Chart A4.  The year to date dollar volume is 28% higher this year.  Much bigger price increases this year cp. to 2014!  Chart A6.  
7.  Median Price up for a home sold this month  – $240,300.  This is 5% up from last month; and a 12% increase from this same month last year!    Chart A10
 
8.  New Construction Median price up this month – $334,164.  This is up 8% from last month; and a 16% increase from this same month last year.  Big swings in new construction stats since we are dealing with such small numbers of houses sold!  Chart A9
 
9.  Resale Median up this month – $213,900.  This is up 2% from last month; and a 8% increase from this same month last year.  Record low 01/11 at $126,500.  Chart A12.
 
11.  Inventory is down 13% from last month and 16% lower than last year at this time.  This is a very significant number.  Watch this, if it stays this much below last year’s levels price increases will heat up even more.  Charts A16 & A17
 
13.  Resale inventory is down. – 1122 from 1453 last month.   Last year at this time there were 1462 resale homes for sale!!!.  July 2008 was the all time record high at 3920!   July 2005 was the low point in resale inventory at 657.  Chart A21
 
15.  Two Month Rolling Average of Inventory Supply is unchanged.  Keep an eye on chart A28, especially the county wide number that I have put in bold!  This correlates the number of buyers with the available inventory using a “2 month rolling average” to calculate the sales.    This month’s 2.8 from 2.8 last month.  This is a critical benchmark number.  Last year at this time it was 3.9.  Chart A28
 
18.  Final Sales Discount is unchanged.  From the last asking price to final sales price, 0.9% from 0.9% last month.  Record low – 06/13 .6%.  Last year at this time it was 1.7%.  Chart 43
 
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