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Eva Hoopes Realtor Boise Real Estate

Hidden Springs Idaho - Market Report 4th Quarter 2011

Hidden Springs Market Report
4th Quarter 2011 (All Data Reported as of January 1, 2011)

Hidden Springs Market Statistics


Hidden Springs Sales (Excluding New Construction)

Compared to 4th quarter in previous year

# of Sales in 4th quarter 2011

Average Sale Price

Avg price per sq ft

# of Sales in 4th quarter 2010

4th quarter 2010 average sale price

4thquarter 2010 price per sq ft

% change

All Resales

9

$278,400

$95.21

23

$265,560

$93

+5%

Non-Distressed Sales

5

$271,340

$104.68

$263,166

$105

+3%

Distressed Sales (Short Sales/Bank-owned properties)

4

$287,225

$83.37

$266,406

$89

+7.2%

Hidden Springs New Construction Sales

Compared to 4th quarter in 2010

# of Sales in 4th quarter 2011

Average Sale Price

Avg price per sq ft

# of Sales in 4th quarter 2010

4th quarter 2010 average sale price

4th quarter 2010 price per sq ft

New Construction

4

$338,300

$129.20

3

$425,768

$138

In Hidden Springs, the demand for homes has continued to increase as inventories remain at a 3 year low for the neighborhood. New construction starts are on the 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.

Hidden Springs Idaho - 3rd Quarter 2011 Market Statistics

Hidden Springs Market Report
3rd Quarter 2011 (All Data Reported as of October 1, 2011)

Hidden Springs Market Statistics


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.

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

Hidden Springs Idaho - Art Events and Classes 2011

Hidden Springs Idaho - Art Events and Classes for Summer 2011 are listed below!

Paint a Summertime FlowerpotHidden Springs Idaho - Art Classes
June 12, Sunday 3-5 pm
(Location at the Merc)
Cost $8
No registration necessary...just come in
All ages

Summer Art Camp
Session #1: June 14-16
Session #2: June 21-23
Session #3: June 28 - 30

Location: Back Gate Studio/Balkin Home in Hidden Springs
Cost $75 per child for each session
Pre-registration required (backgatestudio@ymail.com) or 818-489-2272

Paint Your Own Ceramics
July 17, Sunday 3-5 pm
Location at The Merc
All Ages
Prices vary on ceramic piece chosen
No registration required

For more information about Hidden Springs, visit our blog site at

Living in Hidden Springs