Boise Real Estate | Market Stats Jan. ’09

Posted by Jace

February 11, 2010

Boise real estate sales were up 25% compared to last month and down 14% compared to a year ago. The median home price was $168,300 and average $193,790, both up from the previous 4 months. There were 151 real estate sales in Boise, with the largest market share in SW Boise.

Here you can see the average and median sold price in these Boise real estate areas:

Boise MLS Area	# Sold	Average $	Median $
North Boise – 0100	15	$253,398	$210,000
NE Boise – 0200	7	$382,143	$335,000
SE Boise – 0300	15	$210,400	$225,000
Boise Bench – 0400	14	$152,374	$138,950
South Boise – 0500	8	$176,238	$153,450
SW Boise-Meridian – 0550	40	$165,153	$164,950
West Boise – 0600	10	$162,312	$138,000
W Boise-Garden City – 0650	26	$154,927	$140,750
Garden City – 0700	1	$90,000	$90,000
NW Boise – 0800	15	$197,656	$176,000

Foreclosures in Boise decreased from last month but the market share continued to grow as fewer non-foreclosure properties sold. In January, 48% of the Boise real estate market were either short sale or bank-owned homes.