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by Jace Stolfo
on Thursday, June 9th, 2011 at 10:22am.
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.
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 necessarily mean they have the largest volume of foreclosures available. For example, only 29% of the homes for sale in Star are foreclosures while they accounted for 79% of their sales in May '11.
While a smaller difference, the same is true for Kuna Idaho. 52% of Kuna's homes for sale are listed as foreclosures but they accounted for 90% of the sales in May.
Below you can see the foreclosures numbers for Boise, Meridian, Eagle, Kuna, and Star Idaho.
% For Sale
% Sold in May '11
*For the data of homes currently for sale, this was taken 6/9/11.