Year over Year total house sales and average prices for North Boise
2010 Year to date(6/30) Total Houses sold...149 Average Sales Price...$258,599
2009 Total Houses sold..........283 Average Sales Price..........$282,129
2008 Total Houses sold..........270 Average Sales Price..........$358,302
2007 Total Houses sold..........391 Average Sales Price..........$340,793
2006 Total Houses sold..........437 Average Sales Price..........$308,689
2005 Total Houses Sold..........509 Average Sales Price..........$277,902
2004 Total Houses Sold..........492 Average Sales Price..........$228,485
2003 Total Houses Sold..........437 Average Sales Price..........$206,514
2002 Total Houses Sold..........439 Average Sales Price..........$193,482
Median Sales Price for houses in North Boise
(For those unfamiliar with Median sales price, it is the mid point of home prices with half the houses selling above the number and half the houses selling below the number. For example in 2004, the total houses sold was 492 and the median price was $182,250. That means 246 houses sold for a higher price than $182,250 and 246 houses sold for a lower price than $182,250. The median is often used to evaluate appreciation rates for an area.)
2010 Year to date(6/30) Median Sales Price.....$227,500
2009 Median Sales Price.....$225,000
2008 Median Sales Price.....$300,000
2007 Median Sales Price.....$272,500
2006 Median Sales Price.....$263,900
2005 Median Sales Price.....$229,000
2004 Median Sales Price.....$182,250
2003 Median Sales Price.....$168,000
2002 Median Sales Price.....$159,500
The dramatic decrease in both Average sales price and Median sales price for 2009 is because the market is being skewed by the first time home buyers $8000 tax credit. Due to the incentive, first time homebuyers are snatching up the lower priced homes, disproportionately to the overall market, driving down both the average and median home prices.
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