Boise Real Estate | Boise short sales | Bank-owned Real Estate | Oct. '09 Stats

Posted by Jace Stolfo on Thursday, November 26th, 2009 at 12:48pm.

The Boise real estate market had another strong month with 321 home sales.  This is 20% more home sales than Oct. 2008 and 13% more than two years ago.  Of course, a major driver of home sales was the scheduled expiration of the tax credit (which has since been extended).  The graph below shows the Boise real estate sales over the last 5 months.

Boise home sales

Boise real estate foreclosures had a declining market share of sold homes. This is especially true of Boise short sales as many buyers opted for homes that had a more predictable closing date. Boise bank-owned homes were down just  slightly from September.

Boise foreclosures 2

When Boise real estate market sales are broken down by MLS area: SW Boise-Meridian led the way in with 75 sales.  This is up substantially from the 54 sold in this area last month.  West Boise-Garden City had the biggest decrease in home sales, going from 51 to 38.

Boise breakdown

Data source: MLS (IMLS).  Information deemed reliable but not guaranteed.

Leave a Comment