August Market Report – AUGUST IS EVEN HO

August Market Report – AUGUST IS EVEN HOTTER Ada County closings this August topped closings last August by 16%, considerably higher than the year-to-date improvement of 11%, primarily due to a surge in new homes sales: resale closings were 6% higher and new home closings were 77% higher than they were last August. Pending contracts – or contracts in escrow – were 25% higher at the end of this August than they were at the end of last August, mainly because pendings on n… http://ow.ly/K0BD504ho6t

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July 2016 Market Report – BUBBLE TROUBLE

July 2016 Market Report – BUBBLE TROUBLE? As July keeps pace with the hot market this year, more people are asking if we are headed for a bubble.  We certainly don’t expect an always-improving market, and there’s always a possibility of a “Black Swan” event, but we see several reasons that today’s market is on a more stable footing than the market that lead to the crash in 2008-09. 1. First, there are no “no doc” loans that created financial instability. The financing i… http://ow.ly/jVQ6503j7tA

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Market Report for First Six Months – SIX

Market Report for First Six Months – SIX MONTH MARK The first six months saw an 11% improvement in the number of residential properties sold in Ada County: a 6.5% increase in resale units and a 34% increase in newly constructed properties, compared to the first six months of last year. The average price for the trailing twelve months increased 6.8% for all properties, 6.5% for resale, and 5.4% for new homes.  Inventory is down 11% from the end of last June but has incre… http://ow.ly/WOnj502dxT6

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May 2016 Market Report – Explosive Marke

May 2016 Market Report – Explosive Market Continues in May May residential closings in Ada County were 14% higher than they were last May, while pending transactions at the end of this May were 21% higher than they were a year ago.  Inventory is down 8% due to the hot market leaving us with 2.5 months of properties. Resale closings in May were 10% higher than they were last May, while pending contracts were 12% higher. The inventory of resale properties decreased 17% ov… http://ow.ly/Oioz501fOG0

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April 2016 Market Report – APRIL SHOWERE

April 2016 Market Report – APRIL SHOWERED US WITH SALES Closings this April outpaced closings last April by almost 15%. This puts us 11% year-to-date ahead of the hot pace of last year.  Can this last?  Inventory is 16% lower than it was at the end of last April and pending sales contracts are 21% higher. Yet, average prices are up only 7%. So despite the hot market, we haven’t seen huge increases in prices. The chart below shows the movement of unit sales and average p… http://ow.ly/F38450060hI

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Group One Sotheby’s International Realt

Group One Sotheby’s International Realty March Market Report http://ow.ly/3dgMN4

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FEBRUARY 2016 MARKET REPORT – A GOOD STA

FEBRUARY 2016 MARKET REPORT – A GOOD START February continued the New Year’s good start. Sales were up 7% compared to last February and up over 9% for the first two months of the year. Pending contracts at the end of February increased 28% compared to the end of last February, so the market improvement should continue as we enter the prime spring selling months. Despite the increase in sales, inventory improved 3% compared to this time last year. Resale inventory increa… http://ow.ly/3cazce

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January 2016 Market Report – FAST START

January 2016 Market Report – FAST START At the end of 2015 we wondered if the good news market could continue. Well, January news was oddly good. It was a successful start to the year because sales were 12% higher than last January. It was odd because all of the improvement in sales was in resale properties; new home sales this January were identical to sales last January. The future appears even brighter. Pendings were up 12% for resale homes and up 63% for new homes o… http://ow.ly/3b8un7

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December 2015 Market Statistics – CAN WE

December 2015 Market Statistics – CAN WE HAVE AN ENCORE? What a year!  Having closed 19% more residential properties than last year in Ada County at an average price increase of 7%, we have to ask ourselves: can we have an encore? Or, will 2016 SUPPLY us with an encore? What would we need for an encore? First, and most importantly, we need more supply: especially more resale inventory. Notice in the graph below that we began the year with 1922 residential properties on … http://ow.ly/3a1mj2

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November 2015 Market Report – IMPROVEMEN

November 2015 Market Report – IMPROVEMENT, IMPROVEMENT, IMPROVEMENT Ada County residential unit sales in November were 11% greater than they were last November. Since the year-to-date totals have improved 19%, and the month-over-month totals have improved only 11% (3% for resale units), we are gradually seeing  the market improvement slow down. Why is this happening?  It’s not because of slowing demand; it’s not because of higher prices; it’s not because of interest rat… http://ow.ly/38SbVR

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