Eagle Idaho: High-End Market Analysis

Here’s a detailed look at the Eagle Idaho high-end (above $750,000) market.

Eagle Idaho Available Homes

  • # Available: 45
  • Average Asking Price: $1,242,262
  • Median Asking Price: $899,000
  • Months’ Supply: 26.0

Eagle Idaho Pending Sales

  • # Pending: 14
  • Average Asking Price: $888,438
  • Median Asking Price: $833,000

Eagle Idaho YTD Closed Sales

  • # Closed: 17
  • Average Sales Price: $984,158
  • Median Sales Price: $875,000

Takeaways

  • The Eagle Idaho high-end market is saturated with supply vs. very few closed sales.
  • 26.0 months’ supply = 2.2 years’  listing supply (if no more homes are listed).
  • Only one of the 45 available homes has had a price reduction.
  • 17 YTD closed sales represents .27% of all 6,411 YTD closed sales for Ada County.
  • 17 YTD closed sales represents 3.1% of all 542 YTD closed sales in Eagle.
  • If all of the 14 current pending sales close, the months’ supply number will improve considerably.
  • If you’re a high-end seller in Eagle, you must be competitive to achieve a sale!

Data pertains to Eagle, Idaho $750,00+ homes on lot or acreage.

Data does not include condo or townhome properties.

Months’ supply is calculated by dividing the 2014 YTD average monthly closed sales into the number of available homes.

 

Boise Homes: Closed Sales Trends

Here’s a breakdown of 2014 year-to-date closed sales for Boise homes.

  • January: 411
    % Change: (baseline number)
  • February: 419
    % Change: +2.0%
  • March: 541
    % Change: +29.1%
  • April: 669
    % Change: +23.7%
  • May: 800
    % Change: +19.6%
  • June: 810
    % Change: +1.3%
  • July: 846
    % Change: +4.4%
  • August: 752
    % Change: -11.1%
  • September: 656
    % Change: -12.8%

Takeaways

  • After a strong Spring market, our Summer market began showing signs of weakness in year-over-year comparisons.
  • While not displayed here, our pending sales declined from May through August of this year, leading to fewer closed sales in August and September.

Data pertains to Ada County single-family homes on lot or acreage.

Data does not include condo or townhome properties.

 

Boise Homes: Listing Inventory Trends

Our listing inventory plays a significant role in sales activity and pricing of Boise homes.

Here’s a breakdown of 2014 year-to-date listing inventory at the end of each month.

  • January: 2,046
    % Change: (baseline number)
  • February: 2,080
    % Change: +1.7%
  • March: 2,246
    % Change: +8.0%
  • April: 2,459
    % Change: +9.5%
  • May: 2,699
    % Change: +9.8%
  • June: 2,767
    % Change: +2.5%
  • July: 2,878
    % Change: +4.0%
  • August: 2,950
    % Change: +2.5%
  • September: 2,879
    % Change: -2.4%

Takeaways

  • More listing inventory means more competition for sellers and more choices for buyers.
  • Our listing inventory is seasonal with fewer listings in Winter and more listing inventory during the good weather months.
  • This year, our listing inventory peaked at 2,879 Boise homes for sale in September.
  • Our listing inventory at the end of September was 40.7% higher than our listing inventory at the end of January.

Data pertains to Ada County single-family homes on lot or acreage.

Data does not include condo or townhome properties.