Hidden Springs Market Report
3rd Quarter 2011 (All Data Reported as of October 1, 2011)
Hidden Springs Sales (Excluding New Construction)
Compared to 3rd quarter in previous year
|
|
# of Sales in 3rd quarter 2011 |
Average Sale Price |
Avg price per sq ft |
# of Sales in 3rd quarter 2010 |
3rd quarter 2010 average sale price |
3rd quarter 2010 price per sq ft |
% change |
|
All Resales
|
14 |
$305,878 |
$100.60 |
6 |
$264,166 |
$95 |
+13.6% |
|
Non-Distressed Sales
|
7 |
$345,700 |
$110.24 |
|
$275,250 |
$101 |
+20.3% |
|
Distressed Sales (Short Sales/Bank-owned properties) |
7 |
$256,237 |
$91.65 |
|
$242,000 |
$83 |
-5.5% |
Hidden Springs New Construction Sales
Compared to 3rd quarter in previous year
|
|
# of Sales in 3rd quarter 2011 |
Average Sale Price |
Avg price per sq ft |
# of Sales in 3rd quarter 2010 |
3rd quarter 2010 average sale price |
3rd quarter 2010 price per sq ft |
% change |
|
New Construction |
4 |
$219,899 |
$114.91 |
5 |
$368,012 |
$140 |
** See notes |
** All of the homes closed in the 3rd quarter of 2011 were in the Dry Creek phase of Hidden Springs. The closings reported for 3rd quarter 2010 were for the Rolling Hills phase of Hidden Springs which were larger homes and on more expensive lots. Reporting a decrease in average sale price would not be an accurate market indicator as the product sold varied too widely between the two quarters.
In Hidden Springs, the demand for homes has continued to increase as inventories remain at a 3 year low for the neighborhood. New construction activity has seen a marked increase as resale opportunities remain low.
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.
