Boise Real Estate | Boise Idaho Real Estate Stats | Dec '08

Posted by Jace Stolfo on Friday, January 9th, 2009 at 11:34am.

The Boise real estate market had a 19% increase in home sales over November '08.  There were 181 home sales with an average price of $206,252 and a median of $175,500.

The lowering interest rates and home prices have brought more affordability and activity in the market.  As of today, interest rates for a 30-year fixed-rate are at about 4.875% (APR 5.011%).

The other factor to the increase in Boise real estate sales are the deals.  Home prices have come down and negotiation is in the buyer's favor. Boise short sales and Boise REOs made up about 24% of the real estate sales.

Search all the Boise Idaho real estate on my MLS search.

Boise Real Estate Dec-08
Total Boise Real Estate Sales 181
   
Boise Average List Price
$217,285
Boise Average Sold Price
$206,452
   
Boise Median List Price
$183,950
Boise Median Sold Price
$175,500

The most sale activity has been in SW Boise while the lowest Day's on Market was in SE Boise.  N & NE Boise continue to bring the highest average and median home price.

Boise Real Estate Sold Average Median DOM
North Boise - 0100 19 $279,765 $270,000 85
NE Boise - 0200 6 $388,467 $308,400 104
SE Boise - 0300 23 $194,266 $190,500 56
Boise Bench - 0400 20 $163,193 $160,000 81
South Boise - 0500 10 $171,068 $145,340 66
SW Boise-Meridian - 0550 44 $189,137 $172,889 87
West Boise - 0600 12 $172,358 $155,500 63
W Boise-Garden City - 0650 24 $209,107 $173,000 69
NW Boise - 0800 17 $216,670 $186,000 80

Data Source: Boise MLS (IMLS)

Disclaimer: Information is not guaranteed.  No warranty or representation of any kind is made.

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