Home Prices In Kuna for February 2008

March 10th, 2008 categories: Real Estate News

Active Listings For Residential Single Family Homes

Total = 211

Average List Price = $286,815

Median Listing Price = $199,900

Pending Sales

Total = 31

Average List Price = $185,614

Median List Price = $162,500

Sold in February 2008

Total = 24

Average List Price = $210,130

Median List Price= $184,500

Average Sold Price = $207,220

Median List Price = $182,000

% of difference between list and sold price=99%

Sold in February 2007

Total= 43

Average List Price = $198,452

Median List Price = $178,900

Average Sold Price= $197,024

Median Sold Price= $174,000

% of difference between list and sold price = 99%

Change in number of sold listings from 2007 to 2008 = down 56%

Change in Sold Price from 2007 to 2008 = up 5%

Absorption Rate for 2/2008 = 8.5 months

So what does this reveal?

February sucked!

Only half as many properties sold
Sold price increased (because of one high price property that sold)
The absorption rate is increasing

Winter weather played a large part in these numbers, last year we had a unusually mild February. You probably already noticed it is half way through March as I figure these numbers. That is because all of sudden the phone has been ringing and things are starting to move again.

Here’s to a much better March!