December 2012

There are 4 blog entries for December 2012.

The median price of homes has gone up in the Meridian Idaho real estate market, especially when compared to one year ago.  For instance, the median price during the month of November was $185,000.  During Nov. 2011 the median price was $157,590--nearly $30,000 less than this year.  What's more, this year the median price for real estate in Meridian Idaho has been climbing since January.  In comparison, in 2011 the median price was relatively steady throughout the year.  The chart below also shows that 10 out of 11 months this year have outperformed the same months from one year ago.

Meridian Idaho Median Sold Price 2011 vs. 2012

Likewise, most months this year also had more home sales in the Meridian Idaho real estate market compared to last year.  And even though 4 months underperformed

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Boise foreclosures continued to drop off even more since November numbers came out.  The foreclosure market share was 24.7% for the month of November, slightly smaller than the 25.4% posted the month before.  Overall, there's been a big drop in foreclosures this year.  Especially when you look at January, when Boise foreclosures were at 59.2%.  Those numbers have declined considerably over the year, even reaching 20.5% in August.  In 2011 there was not as a significant decline in foreclosures, with the range being 40.6%-55.6%.

Boise Foreclosures 2011 vs. 2012

Boise bank-owned homes have fallen over the year, while short sales have stayed fairly consistent. In fact, November posted the second lowest number of sales for bank-owned properties in a given month (28).  This is a 47%

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Over the year Boise bank-owned homes have dropped rather significantly, especially when compared to Q1 numbers.  During the first three months of the year the average amount of sales for bank-owned homes in Boise was 74.  Numbers for this type of distressed dropped by a large margin for Q2 and Q3, 44 and 26.3 respectively.  The chart below shows the exact amount of Boise bank-foreclosures sold each month this year.  November 2012 numbers are similar to the Q3 average.

Boise Idaho Bank-Owned Homes 2011 vs. 2012

The chart also points out 2011 numbers.  Clearly, Boise bank-owned homes have dropped off significantly when compared to one year ago.  Since April, in comparison to 2011, there's been more than a 50% drop in 2012 numbers.  More closely, the average amount of REO sales (through

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Boise ID real estate sales remain strong as we near the end of the year. In fact, this year's total has already surpassed last year in sales. With one month of data left to collect, the total for 2012 so far is 3,612. Home sales for 2011 were just under that, at 3,588. Still, the margin will be wider once December numbers are gathered. The chart below shows the total sales each year since 2009. Sales for the Boise ID real estate market have consistently surpassed the previous year.

Boise ID Real Estate Sales 2009 - 2012

There were 316 Boise real estate sales this past November. And although numbers dipped a bit from October (342), a few areas in the Boise ID real estate market saw sales climb. SE Boise and the W. Boise-Garden City area posted higher numbers in November than Oct., 44 and

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