July 2009

There are 3 blog entries for July 2009.

The Ada County real estate market continued to improve with 23% more home sales in June than May (559 vs. 428). Compared to a year ago, home sales were actually up 5%- only the second year-over-year increase in the last three years. Below you can see Ada County homes sales by month since February.

Home Sales by Month

Unlike most years, the number of homes for sale in Ada County has actually decreased this spring/summer. As you can see from the graph below, 2007 and 2008 surged to more than 5000 homes while 2009 has stayed around 3800.

Ada County Homes for Sale

The increasing sales and stable inventory of has brought more balance to the real estate market. The absorption rate in the Ada County has dropped from 14.6 in February of 2009 to 6.7 in June of 2009. This is the best absorption

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Looking for 100% financing? A rural development loan (RD Loan) is one of the few programs available to finance up to 100% of a home’s value. The loan does have restrictions, but if you’re thinking of buying a home in Kuna, Horseshoe Bend, Emmett, or Star Idaho it could be an option for you (see map below for eligible areas).

RD map

 

Benefits of a Rural Development Loan: - Up to 100% financing available. - No mortgage insurance. - Financing can include money for repairs and closing costs up to the home's appraised value. - Many eligible homes for sale in Star, Horseshoe Bend, Emmett, and Kuna Idaho. Both the property and the applicant must meet certain criteria to qualify for a Rural Development loan. This program was created to help moderate income…
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Boise real estate homes sales jumped about 16.5% over May.  There were a total of 303 home sales of which 26% were Boise foreclosures.  The median home price dipped just slightly to $168,250 and average down about 10% to $201,156.

boise-real-estate-sales

Percentage Boise Idaho Foreclosure Sales

The foreclosures in the Boise real estate market dropped from 38.5% just two months ago to 26.4% in June.  The reduction is not from less foreclosures selling but instead an increase in "non-distressed" sales.

Most of the Boise real estate market had increased in sales including the North End, SE Boise, and South Boise.  The only areas that had a decrease in sales were NE Boise , SW Boise/Meridian, West Boise, and Garden City.

Search Boise Id Real Estate for homes for sale, land, and more.

Data Source: Boise

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