Boise’s Million Dollar Market

In the last couple days a few more $1,000,000+ homes have come on the multiple listing service which made we wonder just how many of these homes are for sale, how many have sold and how long will it take to sell this glut of McMansions? In just Ada county there are currently 50 homes for sale over a million dollars and 3 pending sales. The most current stats available through the MLS are for September which states we have 46 months of inventory of homes over $1 million on the market. My guess is when the new stats come out in the next few days this number will go up with the addition of these latest listings.

Based on the past few years 2012 will end up being a banner years for the highest price point.

2012 thus far 9 homes sold

2011  – 5 sales

2010 – 1 sale! I would kind of hate to be this one person…

2009 – 7 sales

I think these numbers are indicating an overall confidence in the housing market and that the country is rebounding.