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by Jace Stolfo
on Monday, May 17th, 2010 at 12:45pm.
There were 348 sales in the Boise ID real estate market during April. This is a 13% increase over last month and a 41% increase over last year. With 348 home sales this is the largest number of real estate sales for Boise ID since 2007. Below you can see monthly sales for Boise ID since January 2008.
Forty of the 348 home sales were new construction. One Boise neighborhood in particular grabbed quite a large market share (33%) called Rivendell Estates near Cloverdale & Franklin. This development was recently taken back by the lender through foreclosure who then partnered with a local builder to come up with a very competitively priced product. Tying for 2nd in market share was Sonata Hills in South Boise & Hidden Springs in NW Boise (each with 8%).
The average sold price in Boise Idaho was $172,388 & the median $142,995. Compared to year ago, these were $191,726 and $162,663. Boise foreclosures accounted for 44.8% of the home sales, which is about level with the last 5 months.
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