Boise Idaho Real Estate | July 2009

Posted by Jace

August 19, 2009

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 homes had 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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