July 2012

There are 4 blog entries for July 2012.

Boise Idaho foreclosures have hit the lowest rate since March 2009, when the Intermountain MLS first began keeping track of foreclosure sales. In fact, the market share of these Boise ID foreclosures, otherwise known as bank-owned homes (REO)*, have been steadily declining since the beginning of the year. In January 2012, the foreclosure market share was 35%, the same as January 2011. That, however, is where the similarity ends.

Boise Idaho Foreclosures | Year Over Year Comparison

As can be seen above, February 2012 recorded a market share of 25%, compared to 35.2% in February 2011. This trend continues through the remainder of the first half of the year. In June 2012, 45 out of 406 total sales were bank-owned or HUD properties, representing an 11.1% market share. In June 2011, there were 119

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The Boise Idaho real estate market is improving—at least most Americans think so. According to a National Housing Survey conducted by Fannie Mae in June 2012, 73% of the American public thinks that now is a good time to buy a home. In addition, 35% of the people surveyed say they expect home prices to rise in the next year.

The Boise Idaho real estate market is backing up that optimism. In an article published in the July 17, 2012 edition of the Realty Times Market Conditions, Paula K. Stern notes that median sale prices of single family homes sold in the Boise ID real estate market for May and June 2012 were markedly higher than 2011. The number of pending sales for June 2012 were also higher than June 2011. And even though the Boise Idaho real estate

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Boise real estate sales remain strong through the end of the 1st half of 2012.  There were 394 recorded sales of single family homes in the Boise Idaho real estate market in June 2012.  This total represents a 69% increase in single family home sales since January 2012.  As shown on the graph below, there were 342 sales of existing single family homes in the Boise real estate market in June 2012, an increase of 134 home sales (64.4%) since the beginning of the year.

Boise Real Estate Sales | 1st Half of 2012

The increase in new home sales in the Boise Idaho real estate market for the 1st half of the year proved to be even more impressive.  There were 25 new single  family homes sold in January of this year and 52 in June.  This equates to a 108% increase in 6 months.

Boise Real Estate Sale Type | 1st Half of 2012

During this same

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2147 S. Tollgate Place, Boise, ID 83709

Updated Status: SOLD

Southpoint Subdivision

$224,900

2,684 sq. ft.

4 bd / 2 ba + Upper Bonus Room

Located on a quiet cul-de-sac, this single level home is in excellent condition. Enjoy the spacious split bedroom floor plan, upper bonus room, separate tub and shower in the master bath, vaulted ceilings, decorative archways in the living and dining rooms, built-in bookshelves in the family room and lots of windows for natural lighting. Cabinets in garage offer lots of storage. Fenced yard has deck and mature trees. Call today for a showing!

Listed by Stolfo Real Estate Group | Keller Williams Realty Boise

Call 208-484-2560 for more information or a showing

Request more information

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