Boise Idaho Real Estate Market | Aug '10 Stats

Posted by Jace Stolfo on Friday, September 10th, 2010 at 8:05am.

The Boise Idaho real estate market in August remained about level with July with 232 sales.  The majority of the sales were existing homes with 214 closings verses just 18 for new construction.  Harris Ranch, Hidden Springs, Rivendell Estates, and Sonta Hills had the most new home activity. Boise Idaho Real Estate Monthly Sales The median home price in the Boise Idaho Real Estate market rose for the 5th consecutive month to $158,950.  Please note that media uses this metric when it goes down to say that market depreciated "x" percentage but rarely mentions it when it goes up.  As I've mentioned, the median home price is most often a reflection of the pressure on values but does not equal depreciation or appreciation. Boise Median Home Price Aug '10 Overall, 49.6% of the Boise Idaho real estate sales were either Boise short sales or Boise bank-owned properties.  The area of Boise that had the highest percentage of foreclosures was South Boise with 80% (not including Garden City that only had 1 sale).  The lowest percentage of Boise Foreclosures was NE Boise with only 12%.  Below you can see how the different areas of Boise Idaho compared to each other.
Boise Idaho Real Estate # Sold # Foreclosures % Foreclosures
North Boise - 0100 28 10 36%
NE Boise - 0200 17 2 12%
SE Boise - 0300 27 10 37%
Boise Bench - 0400 23 16 70%
South Boise - 0500 5 4 80%
SW Boise-Meridian - 0550 45 25 56%
West Boise - 0600 20 11 55%
W Boise-Garden City - 0650 45 28 62%
Garden City - 0700 1 1 100%
NW Boise - 0800 21 8 38%
Boise Idaho Real Estate # Sold Foreclosures % Foreclosures
North Boise - 0100 28 10 36%
NE Boise - 0200 17 2 12%
SE Boise - 0300 27 10 37%
Boise Bench - 0400 23 16 70%
South Boise - 0500 5 4 80%
SW Boise-Meridian - 0550 45 25 56%
West Boise - 0600 20 11 55%
W Boise-Garden City - 0650 45 28 62%
Garden City - 0700 1 1 100%
NW Boise - 0800 21 8 38%

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