Boise Real Estate | Boise Real Estate Sales Feb '09

Posted by Jace Stolfo on Friday, March 6th, 2009 at 7:14pm.

The Boise real estate market had 153 homes sales in February '09, down from 175 in January.  Roughly 40% homes sales were distressed properties - approximately 17 short sales and 44 bank foreclosures.

A year ago, the Boise real estate market  had 216 home sales, two years ago 310, and 359 three years ago (2/06).  Currently there's 2042 homes for sale in Boise.  At the February sales rate, that would be 13.3 months of supply.

The average sold price in Boise was $193,912 and the median $172,000.   Most of the real estate sales in Boise are occurring in area 0550 and 0650.  The areas with the least amount of supply are 0300, 0400, and 0500.

Boise Real Estate 2/09 Sold # For Sale Months Supply
North Boise - 0100 17 261 15.4
NE Boise - 0200 5 90 18.0
SE Boise - 0300 19 226 11.9
Boise Bench - 0400 18 211 11.7
South Boise - 0500 11 120 10.9
SW Boise-Meridian - 0550 29 357 12.3
West Boise - 0600 10 131 13.1
W Boise-Garden City - 0650 26 352 13.5
Garden City - 0700 1 20 20.0
NW Boise - 0800 17 274 16.1
Data source: Boise MLS - Intermountain Multiple Listing Service (IMLS) Disclaimer: Information is not guaranteed.

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