Pioneer Title Co. President & CEO, Tim Bundgard, sat down with KTVB’s Carolyn Holly on Wednesday to discuss the PTC Index shows about Treasure Valley real estate in 2011. Tim describes the stabilization of our markets along with increases in building permits and average sales prices, up across the board while the number of distressed properties make a decline. Check out the video below for the full interview.
16
Dec, 2011
13
Dec, 2011
PTCIndex – November 2011
The holiday season is once again in full swing and it is quite evident that in November, the real estate market is taking a break from the somewhat busier late summer/early fall months. Since October, new and existing home sales took a downturn of 15% and 10.5%, respectively. Building permits, however, jumped by 13% and average Treasure Valley sales price increased by 5% from the month prior from $138,974 to $146,492. Distressed properties (short sales and REO properties) and notices of default made a decline by 3% and 2% respectively. Categorically speaking, we expect to see sustained or slight increases in the historically slower months of real estate activity in the midst of the holiday season.
Update:
You asked, we listened! The PTC Index is now broken down by county so you can compare numbers in both Ada and Canyon as well as the classic, valley-wide view. Check it out…
27
Jul, 2011
Prices stabilize, improvements continue…
Tim Bundgard last week sat down with KTVB’s Carolyn Holly to discuss new PTC Index numbers for the month of June. We’ve seen some big improvements last month in terms of average sales pricing, new and existing home sales and a drop in distressed and bank-owned properties. Tim believes that as inventories go down, sales prices will climb, so we’re likely looking at a semblance of pricing stabilization. Tim also told Carolyn that shadow inventories (bank-owned properties) are still in the pipeline and will infiltrate the market during the 4th quarter of 2011. Check out the video above for the full interview and be sure to check out PTCindex.com for full particulars on June numbers as well as previous months.
21
Jun, 2011
Average Sales Price, Building Permits Increase in May…
In the midst of the traditional home buying season, May has brought some encouraging numbers in building permits, existing home sales, average sales price and a drop in notices of default. While Canyon County experienced a drop in average sales price by 8% to $86,836 (from $94,759 in April), Ada County saw a whopping 26% gain in sales price from the month prior to $175,458 (from $129,320). Valley wide, the average sales price is up by 1.5%. Building permits and existing home sales increased by 6% and 4%, respectively while new homes sales fell 8% from the month prior. Read more and see full May stats…
1
Jun, 2011
16
May, 2011
Building Permits, New Home Sales make gains in April…
The first quarter of 2011 is finally in the books and April brought moderate gains in different areas that comprise the PTC Index. Building permits in April where up a whopping 16% over March, while new homes sales and existing home sales were up 8% and 5%, respectively within the same month over month time period. Distressed properties (short sales and bank-owned) and notices of default showed decreases of 3% and 10%, respectively. Days on market also fell 7% from 98 days to 91 days. The average Treasure Valley home sales price also fell slightly; Canyon County’s average sales price fell 1% to $93,524 while Ada County increased to $165,064. Hop on over to PTCIndex.com to check out full details…
21
Apr, 2011
What PTC Index says about local housing market…
President of Pioneer Title Co., Tim Bundgard this week wrote a guest column for the Idaho Business Review forecasting real estate in 2011. He referenced the PTC Index, a monthly measurement of the health of the Treasure Valley real estate market, as a baseline for his forecast…
“…When the federal government introduced its first-time homebuyer program a few years ago, it incentivized buyers with a tax credit and, in turn, spurred home sales. Many people took advantage of this inducement; the first-time homebuyer tax credit, however, was a temporary fix and may have prolonged a full recovery.
Our index shows that new home sales at a monthly average of 117, 91 and 94 in 2009, 2010 and 2011, respectively. It is evident that even as 2009 brought above-average numbers in the historical sense, post-incentive years show growth, albeit in small increments.” Read the full article…
Excerpt courtesy of the Idaho Business Review
18
Apr, 2011
Low prices, higher sales…
President & CEO Tim Bundgard appeared on KTVB’s It’ Your Business Segment with Carolyn Holly to discuss housing prices and what he expects in the coming year. Tim also discussed recent PTC Index numbers, showing positive growth in home prices and higher existing home sales numbers. Click the image above to check out the full interview…
14
Apr, 2011
Average sales price, existing homes sales increase in March.
With the buying season in full swing, this month’s index shows many positive gains across the board. Notices of default were up 17%, but in comparison to February, building permits, new home sales and existing home sales each had increases of 13 percent, 23 percent and 22 percent, respectively. The average sales price is up 6 percent at $129,320 from $121,684 in February. Ada recorded an average sales price of $163,881 while Canyon County inched up to $94,759. The second calendar quarter is historically the strong selling season and we should continue to see sustained or increased sales activity as we head into the late spring and summer months. Head on over to PTCindex.com to check out numbers for march…
28
Mar, 2011
What does Spring have in store?
Once again, President & CEO of Pioneer Title Company, Tim Bundgard, sat down with KTVB’s Carolyn Holly to discuss what the future may hold for real estate in the Treasure Valley. In the clip, Tim makes reference to the PTC Index, which is a monthly measurement of the vibrancy of the Treasure Valley real estate market. Spring is the unofficial launch of the real estate buying season and we can expect increased activity in the current quarter. Check out the video for more details. Let us know what you think the future holds in the comments!