Boise Idaho Real Estate » Market Statistics

Percentages of Foreclosures in Ada County – 7.16.2010

Jace — Fri, 16 Jul 2010 18:48:06 +0000

I thought it would be interesting to take a look at the homes currently for sale in Ada County and see what kind of percentages the foreclosures make up.

There’s 3551 homes for sale in Ada County (Boise, Meridian, Eagle, Kuna, Star). 1029 are short sales (29%) and 348 are bank-owned (10%).

Of that 29% that make up the short sales in Ada County, 31% are “contingent”. That means they have at least one offer on the property and are in the several month time-frame for lender approval.

This first graph shows the percentages of homes that are short sales by MLS area. The areas with the lowest percentages of short sales are Garden City, NE Boise, N Boise, and SE Boise. The highest areas are Star, Kuna, and SW Meridian.

For bank-owned (REOs) homes, N & NE Boise have the smallest market share. In NE Boise, just 2% of the properties are bank-owned. Garden City, West Boise, and the Boise Bench have the highest percentages.

You can get a list of bank-owned properties and receive email updates on new foreclosures or browse through the Boise short sales, Meridian short sales, or Eagle ID short sales.

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Boise Idaho Real Estate | Home Sales June ’10

Jace — Tue, 13 Jul 2010 20:48:14 +0000

As would be expected, Boise Idaho real estate sales surged again in June as the final push for closings came to an end before the tax credit deadline (Note: Congress did approve the closing extension time-frame to 9/30/2010 . The April 30, 2010 deadline for a executed contract is still in place).

Boise Idaho real estate sales were up about 17% with 349 closings in June verses 292 last year. This is the eighth consecutive month of home sales surpassing the previous year. Below you can see how monthly home sales in 2010 have compared to 2009.

While there’s been more real estate sales in Boise, a larger percentage of those sales have been foreclosures. In June, 39% of the sales were foreclosures compared to 26% last year. The graph below charts the foreclosure market share in Q2 of ’10 to Q2 ’09.

The median home price in Boise Idaho was up for the third consecutive month to $151,000. Here’s how the median home price has fluctuated over the last 13 months.

Boise Real Estate Sales | March 2010 Boise real estate sales surged in March by 43% compared...
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Boise real estate market | May 2010 The Boise real estate market, as did the rest of...

Boise real estate market | May 2010

Jace — Tue, 15 Jun 2010 19:15:00 +0000

The Boise real estate market, as did the rest of Ada County, had a very strong month in May. There were 339 homes sales, down slightly from April’s 348, but up 28% compared to the same time last year.

The majority of the Boise homes selling are in the lower price ranges. 45% of the Boise real estate sales were between $100,000 and $150,000 while only 2% of the sales were homes over $400,000. The median home price in Boise was up slightly from last month to $148,000.

The market share of Boise foreclosure sales dropped to 34.2% compared to 44.8% last month. Below you can see monthly sales for Boise bank-owned property & Boise short sales over the last 3 months.

Boise Idaho Real Estate Market | Feb 2010 Last month there was 179 home sales in the Boise...
Boise Real Estate | Market Stats Jan. ’09 Boise real estate sales were up 25% compared to last...
Boise Real Estate | Market Stats Aug. ’09 Home sales cooled slightly for the Boise real estate market...

Meridian ID real estate stats | April ’10

Jace — Tue, 25 May 2010 21:48:03 +0000

The Meridian ID real estate market had 163 single family home sales in April. This is up about 25% over last year. As you can see in the graph below, 2010 real estate sales have been substantially stronger than 2009 (largely spurred by tax credit).

Of the 163 Meridian ID real estate sales, 35 were new construction and 128 existing homes sales. The new home sales are level with April last year while existing home sales were up 31%. The majority of new home sales were in CBH neighborhoods like Ventana and Silverleaf while other builders had success in Paramount & Tuscany Messina Meadows.

Meridian short sales & Meridian bank-owned properties accounted for fewer overall sales in April while non-foreclosure market share grew. As you can see below, Meridian ID real estate foreclosures accounted for 46% of the market share compared to 54% last month.

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