How much could the buyers negotiate? | Boise Idaho Real Estate Stats

Posted by Jace Stolfo on Tuesday, August 26th, 2008 at 3:16am.

I find it interesting to look at how much homes sell for vs. their asking price.  In other words, how much was the buyer able to negotiate.  Below are the sold prices for Boise homes from 8/8/08 to 8/22/08.  There were a total of 111 sales during this time.  Keep in mind that this is a relatively small sample of what going on in the County.

You can see that the homes that had the most negotiation were over 10% off the asking price.  The homes that had sold prices over asking prices were mostly REO/short sale homes that were advertised lower than the bank would ultimately took.  On a rare occasion, homes will sell at their asking price if they are new on the market, already priced below market value, or new construction.  Most often though, if a home shows a sold price at or near the asking price, closing costs or other incentives were paid by the seller.

Ask Price Sold Price Asking Price % Apx SqFt Cumulative DOM
$224,900 $193,600 -13.92% 2000 307
$224,800 $200,000 -11.03% 2325 135
$379,900 $340,000 -10.50% 2593 256
$159,900 $143,150 -10.48% 1565 38
$230,000 $210,000 -8.70% 1870 161
$147,000 $136,000 -7.48% 1160 146
$199,900 $185,000 -7.45% 2400 31
$239,900 $223,000 -7.04% 1632 69
$159,000 $148,000 -6.92% 1118 78
$187,800 $175,000 -6.82% 1272 39
$149,991 $140,000 -6.66% 1598 92
$229,900 $215,000 -6.48% 1557 33
$346,897 $325,000 -6.31% 3633 89
$159,900 $149,900 -6.25% 1320 83
$165,000 $155,000 -6.06% 2276 49
$670,000 $630,000 -5.97% 3236 117
$319,000 $300,000 -5.96% 1624 69
$168,990 $158,990 -5.92% 2000 233
$449,900 $425,000 -5.53% 3498 98
$274,000 $259,000 -5.47% 1539 66
$189,500 $180,000 -5.01% 1690 50
$159,000 $151,200 -4.91% 1264 47
$136,500 $130,000 -4.76% 799 98
$183,750 $175,000 -4.76% 1437 35
$244,900 $233,500 -4.65% 2028 0
$439,900 $420,000 -4.52% 2020 68
$140,149 $134,149 -4.28% 1120 161
$155,000 $148,500 -4.19% 912 38
$333,900 $320,000 -4.16% 3203 14
$179,000 $172,500 -3.63% 1080 99
$274,900 $265,000 -3.60% 1869 147
$279,900 $270,000 -3.54% 2997 333
$228,000 $220,000 -3.51% 2531 147
$139,900 $135,000 -3.50% 1240 52
$169,900 $164,000 -3.47% 1096 35
$584,999 $565,000 -3.42% 3658 32
$236,000 $228,000 -3.39% 1143 38
$184,990 $179,000 -3.24% 1500 38
$189,900 $184,000 -3.11% 1320 225
$319,500 $310,000 -2.97% 1908 35
$149,900 $145,500 -2.94% 1092 162
$166,199 $161,500 -2.83% 1642 65
$209,900 $204,000 -2.81% 1920 43
$229,900 $224,000 -2.57% 1943 103
$199,900 $195,000 -2.45% 1789 32
$199,900 $195,000 -2.45% 1342 1
$153,316 $149,620 -2.41% 1581 21
$169,000 $165,000 -2.37% 1252 54
$276,460 $270,000 -2.34% 2404 4
$209,900 $205,000 -2.33% 1727 20
$430,000 $420,000 -2.33% 1805 444
$214,990 $210,000 -2.32% 2530 501
$214,900 $210,000 -2.28% 1842 105
$179,900 $176,000 -2.17% 1776 29
$239,000 $234,000 -2.09% 2508 270
$172,500 $169,000 -2.03% 1384 49
$249,900 $245,000 -1.96% 2048 48
$147,860 $145,000 -1.93% 1176 35
$264,000 $259,000 -1.89% 1766 39
$259,900 $255,000 -1.89% 2101 36
$161,900 $159,000 -1.79% 1145 69
$309,900 $305,000 -1.58% 2906 91
$142,000 $140,000 -1.41% 1056 60
$217,900 $215,000 -1.33% 2120 0
$197,000 $195,000 -1.02% 2028 27
$345,000 $342,000 -0.87% 2210 28
$262,000 $260,000 -0.76% 3210 18
$142,990 $142,000 -0.69% 1103 50
$148,316 $147,316 -0.67% 1581 41
$224,900 $223,500 -0.62% 1920 14
$214,990 $213,800 -0.55% 1800 226
$207,000 $206,000 -0.48% 1395 12
$184,900 $184,250 -0.35% 1685 20
$286,000 $285,000 -0.35% 2031 132
$149,900 $149,400 -0.33% 1824 5
$160,000 $159,530 -0.29% 864 16
$159,000 $158,700 -0.19% 1327 47
$139,900 $139,900 0.00% 1164 36
$154,900 $154,900 0.00% 1270 17
$159,900 $159,900 0.00% 1320 87
$162,900 $162,900 0.00% 852 3
$169,000 $169,000 0.00% 2450 59
$172,000 $172,000 0.00% 1148 -24
$174,900 $174,900 0.00% 1152 41
$175,000 $175,000 0.00% 1442 63
$189,900 $189,900 0.00% 1771 440
$197,500 $197,500 0.00% 1981 10
$219,900 $219,900 0.00% 1706 52
$224,900 $224,900 0.00% 1407 25
$231,900 $231,900 0.00% 1680 70
$305,000 $305,000 0.00% 2053 0
$439,900 $439,900 0.00% 3087 536
$122,840 $123,000 0.13% 1248 6
$179,999 $181,500 0.83% 1680 169
$157,197 $158,820 1.03% 1661 139
$175,000 $177,000 1.14% 1516 289
$154,900 $156,900 1.29% 2304 176
$259,900 $264,900 1.92% 2648 16
$199,900 $203,900 2.00% 1807 30
$224,900 $229,900 2.22% 2197 73
$144,990 $148,520 2.43% 1209 119
$229,000 $235,000 2.62% 1472 35
$199,500 $205,000 2.76% 798 18
$159,900 $164,910 3.13% 1050 263
$168,000 $174,000 3.57% 1470 47
$174,900 $182,000 4.06% 1675 35
$130,000 $137,000 5.38% 1496 96
$146,126 $155,600 6.48% 1640 99
$164,000 $175,860 7.23% 1931 183
$141,900 $152,500 7.47% 1716 0
$155,372 $170,256 9.58% 1413 31
This data is meant for general market analysis.  No representation is made or guarantee to the accurateness of this data.  Data Source: Intermountain MLS.

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