Bonneville County Idaho Inventory Report
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View Bonneville County Idaho Inventory Report as PDF for free.
More details
- Words: 213
- Pages: 1
Bonneville County Housing Inventory Analysis As of July 29, 2009
Price Range
Homes Sold Past Year
On Market Today
Months of Inventory
$0-$99,999
128
98
9.2
$100,000-$199,999
654
556
10.2
$200,000-$299,999
204
249
14.6
$300,000-$399,999
54
124
27.8
$400,000-$499,999
15
55
44.0
$500,000-$599,999
5
20
48.0
$600,000-$699,999
2
12
72.0
$700,000-$799,999
4
4
12.0
$800,000+
1
20
240.0
1138
12.8
Overall 1067 Source: Snake River MLS database
Analysis Today, 1138 homes are for sale in Bonneville County. 1067 homes have sold in the last 12 months. At that sales level, it would take 12.8 months to sell all the homes now on the market. As a point of comparison, current inventories nationally are 9.4 months. A closer scrutiny of the data is even more revealing. Simply put, inventories are fairly moderate for lower priced homes and excessive for higher priced properties. For instance, homes priced between $100,000 and $199,999 are competing against 10.2 months of inventory. In contrast, there is 27.8 months of inventory for homes priced between $300,000 and $399,999. Why the skewing towards the lower end? Several factors are at play. First, much of the market activity is by first-time buyers motivated by the $8,000 federal tax credit. Second, far fewer folks are relocating to our area from higher priced markets.
Price Range
Homes Sold Past Year
On Market Today
Months of Inventory
$0-$99,999
128
98
9.2
$100,000-$199,999
654
556
10.2
$200,000-$299,999
204
249
14.6
$300,000-$399,999
54
124
27.8
$400,000-$499,999
15
55
44.0
$500,000-$599,999
5
20
48.0
$600,000-$699,999
2
12
72.0
$700,000-$799,999
4
4
12.0
$800,000+
1
20
240.0
1138
12.8
Overall 1067 Source: Snake River MLS database
Analysis Today, 1138 homes are for sale in Bonneville County. 1067 homes have sold in the last 12 months. At that sales level, it would take 12.8 months to sell all the homes now on the market. As a point of comparison, current inventories nationally are 9.4 months. A closer scrutiny of the data is even more revealing. Simply put, inventories are fairly moderate for lower priced homes and excessive for higher priced properties. For instance, homes priced between $100,000 and $199,999 are competing against 10.2 months of inventory. In contrast, there is 27.8 months of inventory for homes priced between $300,000 and $399,999. Why the skewing towards the lower end? Several factors are at play. First, much of the market activity is by first-time buyers motivated by the $8,000 federal tax credit. Second, far fewer folks are relocating to our area from higher priced markets.
Related Documents
Bonneville County Idaho Inventory Report
May 2020 0
Upper Valley Idaho Inventory Report
May 2020 1
Gernral, Bonneville
May 2020 0
Inventory County June 09
May 2020 5
Art, Bonneville
May 2020 0