June 2011

There are 2 blog entries for June 2011.

Updated Status: SOLD

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Tuscany Meridian ID

$289,900

3147 sq/ft

4Bd/3.5ba + Bonus

If you love to cook, this home is for you! The huge gourmet kitchen features slab-granite counters, full-tile backsplash, stainless-steel appliances, and a butler’s pantry. A spacious split-bedroom floor plan on a single-level w/an upstairs bonus room & ½ bath. The 10’ ceilings and large windows provide ample natural light throughout the home. All the bedrooms are very large and the guest room features a walk-in closet/private-bath that could easily be used as a 2nd master. No backyard neighbors, large-covered patio, and a desirable northern exposure for cool summer afternoons. Great

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It's interesting to look at the number of foreclosures currently for sale as well as how many have been selling.  And more specifically, how that data fluctuates across the Boise real estate market.

The first graph you see below looks at sold homes in May '11.  There were a total of 584 real estate sales in Ada County.  94 were short sales and 225 were bank-owned homes.

Percentage of Sold homes that were foreclosures in Boise

Overall, these short sale & bank-owned homes comprised 55% of the market.  NE Boise had the smallest market share with just 13% while Kuna had 90%.  Garden City had 100% but that only comprised 1 sale.  Star & SW Meridian also top the charts with 79% & 80% respectively.

Interestingly, just because some of these areas had the largest percentages of foreclosure sales, doesn't

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