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by Jace Stolfo
on Thursday, July 12th, 2012 at 2:36pm.
Boise real estate sales remain strong through the end of the 1st half of 2012. There were 394 recorded sales of single family homes in the Boise Idaho real estate market in June 2012. This total represents a 69% increase in single family home sales since January 2012. As shown on the graph below, there were 342 sales of existing single family homes in the Boise real estate market in June 2012, an increase of 134 home sales (64.4%) since the beginning of the year.
The increase in new home sales in the Boise Idaho real estate market for the 1st half of the year proved to be even more impressive. There were 25 new single family homes sold in January of this year and 52 in June. This equates to a 108% increase in 6 months.
During this same time period, January 1 through June 30, 2012, we see an almost steady decline in the number of bank-owned (REO) and HUD home sales, with 81 sales in January and 45 sales in June, and short sales recorded a modest 5% increase. Non-foreclosure sales of single family homes in the Boise real estate market, though, recorded a whopping 204% increase during this time.