Foreclosures by Price Range | 8.31.10

Posted by Jace Stolfo on Wednesday, September 1st, 2010 at 7:39am.

Currently, there's 3682 homes for sale in Ada County.  1016 are listed as possible short sales (28%) and 366 are listed as bank-owned (10%). The vast majority of the foreclosures are in the entry level market (under $150,000+/-) while the luxury home market has the lowest number of foreclosures. For homes under $100,000, 82% are either short sale or bank-owned homes.  To some degree this would be expected, that the cheapest homes on the market are also the foreclosures, but you'll see examining the graph below there's a direct correlation with the price range and number of foreclosures. And as you get into the most expensive category of the market there's the smallest number of foreclosures.  For homes over $400,000, only 11% of the listings are foreclosures.  For buyers in the luxury home market or looking for acreage, there's simply less to choose from in the inventory. What's also interesting to note is these higher price ranges have a much smaller number of sales than the lower priced homes. Homes over $400,000 only accounted for about 5%+/- of monthly sales in July.  While homes under $160,000 accounted for over 40%+/-. Here's a more detailed look at the foreclosure numbers that make up the graph above.
Price Range # Homes for Sale Short Sale REO Foreclosure %
Under $99,999 324 158 108 82%
$100,000 - $149,999 1149 422 149 50%
$150,000 - $199,999 819 210 69 34%
$200,000 - $249,999 387 81 20 26%
$250,000- $299,999 311 64 9 23%
$300,000 - $349,999 198 31 5 18%
$350,000 - $400,000 133 13 3 12%
Over $400,000 361 37 3 11%
Total 3682 1016 366 38%
This data is for single-family & single-family with acreage only in Ada County (no condos, townhomes, etc.).  Ada County is comprised of Boise, Meridian, Kuna, Star, and Eagle Idaho. Start your search for Boise Idaho Foreclosures.
Price Range # Homes for Sale SS REO Foreclosure %
Under $99,999 324 158 108 82%
$100,000 - $149,999 1149 422 149 50%
$150,000 - $199,999 819 210 69 34%
$200,000 - $249,999 387 81 20 26%
$250,000- $299,999 311 64 9 23%
$300,000 - $349,999 198 31 5 18%
$350,000 - $400,000 133 13 3 12%
Over $400,000 361 37 3 11%
Total 3682 1016 366 38%

Leave a Comment