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by Jace Stolfo
on Thursday, August 12th, 2010 at 12:20pm.
Ada county real estate sales slowed in July as the majority of tax credit spurred sales ended the previous month. Overall home sales dropped from 630 in June to 392 in July. It's normal for sales to slow in July, but compared to the same time last year they were still down about 25%.
New home sales in Ada County had a much larger decline than existing homes. From June to July, sales dropped from 146 to just 55. The neighborhoods that had the most activity were Bown Crossing in SE Boise, Harris Ranch in NE Boise, Bridgetower & Paramount in NW Meridian, Tuscany Messina Hills in SE Meridian, Rivendell Estates in West Boise, and Saguaro Canyon in NE Meridian.
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The median home price for existing homes in Ada County stayed level at $155,000. The median home price for new construction surged from $159,927 to $212,200, the highest its been since November '08.