Boise Real Estate Market | Nov 2010

Posted by Jace

December 20, 2010

The strongest segments of the Boise real estate market continue to be N & NE Boise. These established areas of Boise have consistently had the fewest number of foreclosures in Boise. As you can see below, N & NE Boise have less than 1/2 the foreclosure sales as the other areas of Boise Idaho.

Below you can see the absorption rate, average days on market (DOM), and the median home price for the Boise real estate market. Once again, North & North East Boise reflect some of strongest numbers. These areas offer many unique amenities such as proximity to downtown, the foothills, mature landscaping, city parks, green belt, and more. These amenities do come at a cost as reflected in the median home price that is almost double the Boise average.

Boise Real Estate – Nov ’10	Ab/Rate	DOM	Median Price
North Boise – 0100	4.6	58	$234,500
NE Boise – 0200	5.3	67	$264,800
SE Boise – 0300	8.3	77	$169,500
Boise Bench – 0400	6.5	64	$91,500
South Boise – 0500	7.1	152	$116,000
SW Boise-Meridian – 0550	5.5	71	$127,500
West Boise – 0600	7.5	76	$112,500
W Boise-Garden City – 0650	6.8	92	$150,000
Garden City – 0700	3.0	80	$42,750
NW Boise – 0800	5.0	86	$180,000
Total	6.1	79	$139,900

Here’s how the Boise real estate market has looked in 2010 compared to the last two years. As you can see, 2010 is currently just below 2009 levels (Note: tax credit was in play this time last year) and significantly above ’08 levels.

Boise Real Estate Sales Compared to Previous Years