Boise Idaho Real Estate | July '09 | Boise Idaho Foreclosure Home Sales

Posted by Jace Stolfo on Wednesday, August 19th, 2009 at 8:40pm.

The Boise Idaho real estate market had another strong month in July with 309 homes sales.  This is about twice the number of homes that were selling 6 months ago and slightly more than a year ago.  Boise short sales and Boise bank-owned homeshad the 4th consecutive month of decreasing market share (25.6% verses 38.5% in April).  The number of Boise Idaho foreclosure sales has stayed about the same but there's been a large increase in "non-distressed" sales.

Below is a breakdown for the Boise Idaho real estate market by Boise MLS area.  The largest increase was in West Boise were home sales surged from 11 last month to 27 in July.

Boise Idaho Real Estate May-09 Jun-09 Jul-09
North Boise - 0100 29 34 30
NE Boise - 0200 13 12 13
SE Boise - 0300 22 44 52
Boise Bench - 0400 27 40 34
South Boise - 0500 16 22 17
SW Boise-Meridian - 0550 54 44 50
West Boise - 0600 15 11 27
W Boise-Garden City - 0650 45 56 47
Garden City - 0700 3 1 0
NW Boise - 0800 29 39 39
Total Boise Idaho Real Estate Sales 253 303 309
       
Bank Owned 48 38 41
Short Sales 28 42 38
Foreclosure Sale % 30.0% 26.4% 25.6%

The average sold price in Boise Idaho was about $198,000 and median about $170,000.  The market price on Boise Idaho foreclosures has seem to stabilize over the last three months.  Many of the bank-foreclosures will receive multiple offers within the first few day's of being on the market.

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Data Source: Boise MLS. Disclaimer: Information not guaranteed and no representation or warranty of any kind is made.

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