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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Caldwell or the surrounding areas. Low rates and low home prices makes a home purchase a great value! Call now for more information at 208-340-1571
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| Average Home Price | $100,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 15-20% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $100,000 - $149,000 |
| Worst Selling Price Range | $300,000 - $349,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Caldwell is | Increasing |
| Seller Activity for the past 90 days in Caldwell is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | If the home is priced right, especially if it’s bank owned, there will be multiple offers...even in this market! |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Rates are still at all time lows and NOW is the best time to take advantage of the combined low rates and low home prices. If you’re waiting for the bottom of the market ask yourself if a lower home price is worth a higher percent rate and how much lower can prices actually go? |
| Housing Inventory | Limited Supply |
| Inventory Comments | Great prices combined with low interest rates is making it a competitive market for buyers. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Caldwell! |
| Nearest Metro Area | Boise |
| Housing Hot Spots | Most cities within the Canyon County area are considered ’Housing Hotspots’ |
| Average Sold Price | $100,000 - View Graph Trend |
Caldwell Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Michelle Bailey
208-340-1571
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Michelle Bailey
CENTURY 21 1st Place Realty
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 208-340-1571
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