Boise Idaho Real Estate Trends | March 2012 Stats

Posted by Jace Stolfo on Thursday, May 3rd, 2012 at 4:42pm.

With the Boise Idaho real estate market well into its second quarter,  we see that the first quarter of 2012 was stronger and more consistent than the same time period in 2011 and 2010.  There were 789 total sales for January through March 2012 -- this is  60 (8%) more the total home sales in Boise for the same time period in 2011 and 169 (27%) higher than the first quarter total for 2010.  And it appears it is not just resales driving this increase.  As can be seen in the graph below, the sale of new homes in the Boise real estate market for the first quarter of 2012 are also higher than the last two years. Boise New Home Sales | 2010-2012 Comparison In fact, the sale of new homes in the Boise Idaho real estate market for 2012 have steadily increased and since the first of the year.  New home sales in Boise for March of 2012 totaled 40, more than double the 18 recorded in March of 2010.    Median home prices have also had an upward trajectory.  The median home price in March was $138,000 compared to $128,900 in March last year - a 7% increase.  While not reflected in the graph below, as the numbers are still coming in for April '12, preliminary estimates put the median home price at $151,400, a 15% increase over April last year. Boise Median Home Price | 2010-2012 Comparison Foreclosure rates in the Boise Idaho real estate market for the first quarter of 2012 are also lower than the same time period in 2011.  In March 2012, Boise Idaho foreclosures accounted for 44% of total sales, whereas 55.6% of sales were foreclosures in March 2011 and 42.8% in March 2010. Boise Foreclosure Rates | 2010-2012 Comparisons Search the Boise MLS for homes for sale.

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