November 2013

There are 2 blog entries for November 2013.

Boise Idaho real estate prices have steadily have been steadily rising in the last three years. In October of 2013 the median home sales price rose by 13% compared to October 2012. October of 2012 also rose by 20% from the year before in 2011. In total it has risen 33% in Boise in the last 2 years. At the height of the market in June 2013 the median real estate price was $199,900 and shifted slightly down in the early fall but has since then picked back up.

Boise Real Estate Prices

As you can see below the Boise foreclosure rate has decreased significantly and steadily in 2012 and in 2013. The Average foreclosure rate for 2012 was about 32% of home sales and the average foreclosure rate for 2013 was 15%, that's a 17% drop in one year. As you can see in 2012 it dropped from

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There were 615 homes sold in Ada County in October of 2013. This is down slightly from September, which is normal, heading into the winter months. Historically, December & January post the fewest sales. This is partly due to people beginning to focus more on the holiday season rather than making a location change. That trend normally reveres in about February. In 2013, February sales had a 22% increase over January as you can see in the graph below.

Ada County Home Sales Oct. 2013

Of the 615 Homes sold in October, 137 of them were new construction, and 478 of them were existing homes. In other words, 29% of sold homes were new, and 71% were existing homes. During 2013, on average, 26% of the monthly sales were new and 74% were existing. This proportion stays pretty consistent

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