Hidden Springs Idaho - Real Estate and Community News: Hidden Springs Idaho Real Estate - Market Report (2nd Quarter 2011)

Hidden Springs Idaho Real Estate - Market Report (2nd Quarter 2011)

Hidden Springs Idaho Real Estate - Market Report (2nd Quarter 2011)

All Data Reported As of July 1, 2011

 

Hidden Springs Market Report

Hidden Springs, Boise, Idaho Real Estate Market Report

Quarterly Update Hidden Springs, Boise Real Estate Activity 

April 1, 2011 - June 30, 2011

HIDDEN SPRINGS CLOSED SALES

In Hidden Springs, for the past 3 months there were 17 closings, with an average  5.6 closings per month

The average sale price of all existing home sales in Hidden Springs for the 2nd quarter is $348,248 ($107 per square foot).  Average days on the  market for all existing homes sold was 103 days.

  1. Excluding distressed sales (Hidden Springs short sales or REO properties), the average sale price of the existing homes in Hidden Springs was $383,237 ($116 per square foot).  Average days on the market equal 83 days.
  2. The average sale price of financially distressed properties in Hidden Springs (Short Sales and bank owned/REO properties) is $184,966($70 per foot).  Average days on the market equal 195 days.

 HIDDEN SPRINGS PENDING SALES

 1)      As of July 1, 2011 there were 9 pending sales in Hidden Springs, with an average list price of $278,088 ($109 per foot per the list price).  Average days on the market equal 128.

 HIDDEN SPRINGS ACTIVE LISTINGS

 1)      There are currently 20 active listings in Hidden Springs with 1 of those having offers already pending short sale approval.  Based on the past 3 month sale history, this equates to a 4.4 month supply of homes.  Average listing price is $354,636 ($120 per square foot).  Average days on the market equal 111.

2)      There are currently 17 listings in Hidden Springs which are not financially distressed properties (short sales or bank-owned properties).  Average list price is $393,268 ($128 per square foot).  Average days on the market equal 108.

3)      There are currently 3 listings (15% of the total inventory) in Hidden Springs which are either short sales or foreclosures.  Average list price is $266,300 ($96 per square foot), and average days on the market equal 231.

For additional information about buying or selling a home in the Hidden Springs planned unit development, please feel free to visit our Hidden Springs Idaho Home Page at contact me at (208) 284-7732. 

 Market stats from 1st Quarter 2011

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

www.LivingInHiddenSprings.com

 

 

Comment balloon 2 commentsEva Hoopes • August 02 2011 07:12PM

Comments

It will be interesting to see how Avimor affects Hidden Springs

Trey

http://www.BuildIdaho.com

Posted by Trey Langford, BuildIdaho.com (BuildIdaho.com) almost 6 years ago

Trey,

Thanks for stopping by!  I don't expect that Avimor would impact Hidden Springs very much.  I have yet to have a client interested in Hidden Springs that would also consider Avimor.  As the Hidden Springs lot inventory and home inventory dwindles, perhaps more buyers will open their area of consideration...but so far Avimor has been a hard sell! 

Eva

Posted by Eva Hoopes, Realtor Boise Real Estate (Group One Sotheby’s International Realty) almost 6 years ago

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