Hidden Springs Idaho - Real Estate and Community News: September 2010

Hidden Springs Idaho Real Estate - Market Trends

Hidden Springs - Idaho.  The number of home sales in Hidden Springs Idaho has improved this calendar year 12% from the previous calendar year.  While prices still declined over 10% from 2009 to date, the inventory has thinned to an 8 month supply of homes.  Hidden Springs has continued to draw buyers looking for attractive (and newer housing) in a high quality neighborhood at improved pricing (Current Hidden Springs Listings are available at www.BoiseBeautiful.com.

A website devoted to Hidden Springs events and market data can be found at

www.LivingInHiddenSprings.com

In the past calendar year, there have been 65 homes to sell in Hidden Springs - Boise Idaho.  Of the 65 homes that have sold this past calendar year, 22 were new construction.

With an increase in demand for homes in Hidden Springs, the rate at which the prices were declining has slowed somewhat, and homes that are not in short sale and which are not bank owned have continued to sell at a higher price per square foot.  On average, non bank owned and non short sale properties in Hidden Springs have sold in 58 days (compared to the average 143 days on the market for short sale and/or bank owned properties).  Properties that are priced competitively and in good condition are still frequently selling within the first two weeks of marketing.

The graph below will show the pricing trend for Hidden Springs Idaho sales for the past 3 years (numerical data chart is below the line graph):

Hidden Springs Idaho Sale Data

 

 

Sept 07 -

Sept 08

Sept 08 -

Sept 09

Sept 09 -

Sept 10

       

 

Number of Sales (Resales only) - Hidden Springs

 

19

 

35

 

41

 

Average Sale Price of Resale Homes - Hidden Springs

 

$457,238

 

$304,422

 

$273.274

 

Median Sale Price of Resale Homes - Hidden Springs

 

$464,630

 

$318,075

 

$260,000

 

Average Days on the Market Resale Homes - Hidden Springs

 

19

 

30

 

81

 

New Home Sales - Hidden Springs

 

33

 

20

 

22

 

Average Sale Price New Homes - Hidden Springs

 

$463,927

 

$385,794

 

$352,618

 

Median Sale Price New Homes - Hidden Springs

 

$417,000

 

$359,500

 

$355,705

Hidden Springs Idaho homes that are currently available range from $185,000 - $525,000.  The median price of available existing homes is $309, 450  and the median sale price of available new construction is $349,900.

 

 

0 commentsEva Hoopes • September 20 2010 06:04PM
Hidden Springs Idaho Real Estate - Market Trends
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