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by Jace Stolfo
on Tuesday, January 8th, 2013 at 10:19am.
Boise real estate sales in 2012 are up from the year before, making it the 4th consecutive year of increasing transactions. The average number of homes sold on the Boise MLS each month this past year was 323.2, and the total for 2012 was 3878. This represents a 26% increase over 2009, and an 8% increase over 2011. The increasing market demand has been realized in most places in Idaho, and especially Ada County.
For the month of December, Charter Pointe subdivision had the most homes sold in a single subdivision with 6. In fact, they have been one of the more popular subdivisions in the Boise real estate market all year. Attracting much of the attention to the neighborhood was that of the 96 sales in 2012, 43 were foreclosure sales (44.8%). The breakdown is as follows: 21 short sales, 16 bank-owned, and 6 HUD properties.
Hidden Springs, Hazelwood Village, and Harris Ranch were among some of the other top selling neighborhoods.
In December 2012, Boise foreclosures accounted for 23.3% of sales, decreasing from November's 24.7%. Of the distressed sales in December, Boise bank-owned homes and HUD properties posted its lowest number in years with 15. That number is nearly half of what it was from December the year before (28). Short sales in the Boise real estate market have also decreased from one year ago. In December 2011 there were 68. This past month there were 47. The chart below shows the market stats for REO & HUD properties in the last three years.