November 2009

There are 2 blog entries for November 2009.

The Boise real estate market had another strong month with 321 home sales.  This is 20% more home sales than Oct. 2008 and 13% more than two years ago.  Of course, a major driver of home sales was the scheduled expiration of the tax credit (which has since been extended).  The graph below shows the Boise real estate sales over the last 5 months.

Boise home sales

Boise real estate foreclosures had a declining market share of sold homes. This is especially true of Boise short sales as many buyers opted for homes that had a more predictable closing date. Boise bank-owned homes were down just  slightly from September.

Boise foreclosures 2

When Boise real estate market sales are broken down by MLS area: SW Boise-Meridian led the way in with 75 sales.  This is up substantially from

1,443 Views, 0 Comments.

The total number of home sales in the Meridian ID Real Estate market dropped from August, but still posted a solid September, with 145 total homes sold.

Meridian total home sales

NW Meridian, typically the top selling area in the Meridian ID Real Estate market, saw sales the biggest difference in September, but still led the way with 68 home sales.

Meridian sales by area

The Meridian ID real estate market had a 38.6% foreclosure rate in the month of September, which is down from August but higher than June and July.  The Meridian foreclosure market is made up of Meridian short sales and Meridian bank owned homes.

Meridian foreclosures

Data source: Boise MLS (IMLS).  Information deemed reliable but not guaranteed.

1,384 Views, 0 Comments.