January 2012

Boise home sales for 2011 were slightly above 2010 levels in most areas of Boise.  The exceptions were  North Boise and Garden City, where 2011 home sales measured slightly lower than 2010.  The largest increase in home sales in the Boise area for 2011 were found in Boise Bench, with NE Boise following close behind, as can be seen in the graph below. As shown in the following graph, the largest number of Boise home sales were in West Boise, SW Boise, Boise Bench and SE Boise with sales for 2011 totaling 688, 601, 547 and 527, respectively.  Garden City had the fewest number of sales for 2011 with a total of 44, about the same as its total for 2010. As can be seen in the graph below, even though Garden City had only 44 sales in 2011, 0r 1% of…

The end of 2011 brought some good news to the Boise real estate market. The second half of 2011 showed a marked increase in the sale of real estate in Boise when compared to the same time period of 2010. In fact, the sale of new homes in Boise increased by 50% from July through December compared to 2010. In addition, existing homes sales increased by almost 16% over the same time period. The graph below charts the monthly home sales for Boise for the last 6 months of 2011 & 2010.

The Boise real estate market also saw a decrease in the number of Boise foreclosures for the last half of 2011 compared with 2010.  The  chart below shows a steady decrease in the number of foreclosures beginning in August 2011 and continuing through the end of the year.

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