Market Statistics

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Eagle ID real estate sales in 2012 have gone up compared to 2011.  For example, this past December there were 37 home sales.  In December 2011, there were just 26, a difference of about 30%.  The chart below shows sales for real estate in Eagle Idaho over the past two years.  With a few exceptions, each month in 2012 outperformed sales from the same month in 2011.

Eagle ID Real Estate Sales 2011 vs. 2012

Another change in the Eagle ID real estate market has been the amount of new home sales.  The past six months have been particularly strong, especially October which had 21 new home sales.  That's an 86% climb from October 2011 when there were just 3 new homes sold.  Similarly, December 2012 saw 11 more new homes sold than December 2011.  Overall there were 113 new homes sold in 2012 and

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Meridian ID bank-owned homes are down significantly compared to 2011.  In fact, December 2012 posted the lowest number this past year for REO and HUD properties with 9.  That's roughly a 72% drop from the year before.  Most months in 2012 had fewer than 20 bank-owned sales.  The chart below shows the dramatic change for sales of bank-owned homes in Meridian since 2011.  Each month in 2012 posted significantly lower numbers than the same month in 2011.

Meridian Bank-Owned & Hud Homes 2011 vs. 2012

Of the 9 Meridian ID bank-owned homes sold in December, none were in the same subdivision.  However, 6 of them were sold in Northwest Meridian.  Of the remaining three, 2 properties were sold in Northeast Meridian and the remaining one was in Southeast Meridian. The prices of those homes ranged from

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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.

Boise Real Estate Sales 2009-2012

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%). 

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The median price of homes has gone up in the Meridian Idaho real estate market, especially when compared to one year ago.  For instance, the median price during the month of November was $185,000.  During Nov. 2011 the median price was $157,590--nearly $30,000 less than this year.  What's more, this year the median price for real estate in Meridian Idaho has been climbing since January.  In comparison, in 2011 the median price was relatively steady throughout the year.  The chart below also shows that 10 out of 11 months this year have outperformed the same months from one year ago.

Meridian Idaho Median Sold Price 2011 vs. 2012

Likewise, most months this year also had more home sales in the Meridian Idaho real estate market compared to last year.  And even though 4 months underperformed

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Boise foreclosures continued to drop off even more since November numbers came out.  The foreclosure market share was 24.7% for the month of November, slightly smaller than the 25.4% posted the month before.  Overall, there's been a big drop in foreclosures this year.  Especially when you look at January, when Boise foreclosures were at 59.2%.  Those numbers have declined considerably over the year, even reaching 20.5% in August.  In 2011 there was not as a significant decline in foreclosures, with the range being 40.6%-55.6%.

Boise Foreclosures 2011 vs. 2012

Boise bank-owned homes have fallen over the year, while short sales have stayed fairly consistent. In fact, November posted the second lowest number of sales for bank-owned properties in a given month (28).  This is a 47%

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Over the year Boise bank-owned homes have dropped rather significantly, especially when compared to Q1 numbers.  During the first three months of the year the average amount of sales for bank-owned homes in Boise was 74.  Numbers for this type of distressed dropped by a large margin for Q2 and Q3, 44 and 26.3 respectively.  The chart below shows the exact amount of Boise bank-foreclosures sold each month this year.  November 2012 numbers are similar to the Q3 average.

Boise Idaho Bank-Owned Homes 2011 vs. 2012

The chart also points out 2011 numbers.  Clearly, Boise bank-owned homes have dropped off significantly when compared to one year ago.  Since April, in comparison to 2011, there's been more than a 50% drop in 2012 numbers.  More closely, the average amount of REO sales (through

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Boise ID real estate sales remain strong as we near the end of the year. In fact, this year's total has already surpassed last year in sales. With one month of data left to collect, the total for 2012 so far is 3,612. Home sales for 2011 were just under that, at 3,588. Still, the margin will be wider once December numbers are gathered. The chart below shows the total sales each year since 2009. Sales for the Boise ID real estate market have consistently surpassed the previous year.

Boise ID Real Estate Sales 2009 - 2012

There were 316 Boise real estate sales this past November. And although numbers dipped a bit from October (342), a few areas in the Boise ID real estate market saw sales climb. SE Boise and the W. Boise-Garden City area posted higher numbers in November than Oct., 44 and

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Foreclosures have dropped once again in the Eagle Idaho real estate market.  October 2012 posted the second lowest numbers we've seen all year at 9.6%.  As you can see in the graph below, the numbers for foreclosures in Eagle are varied this year, anywhere from 8.8% to 46.4%.  However, they have consistently stayed under 20% since April and they've steered clear of last year's numbers.  The only month this year where Eagle Idaho real estate saw lower foreclosure numbers than October was July (8.8%).

Eagle Foreclosure Rate 2011 vs. 2012

Short sales are the predominant type of foreclosure sale in Eagle.  So far this year, there have been 50 short sales in Eagle ID compared to 23 bank-owned homes.  Banbury Meadows and Brookwood subdivisions have had the highest number of short sales thus

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New home sales are on the rise in the Boise real estate market.  In fact, according to the chart below, almost every month this year has outperformed the previous two years.  There's only one exception; June 2010 posted 69 new home sales.  The fall of 2012 has seen approximately double the sales from a year ago and in some cases more than triple from 3 years ago.

New Real Estate Sales in Boise Year over Year

One reason that new home sales in Boise may be seeing a big increase is the fact that there are fewer foreclosures in Boise available. In fact, 2012 has also posted some of the lowest foreclosure numbers we've seen in the Boise real estate market in recent years.  The graph below shows the trend for  foreclosure sales in 2012 has been consistently down.  While January was at 59.2%, October

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Median home prices continue to rise in the Meridian real estate market.  The median price in October was $185,910, almost $27,000 more than the same time last year.  In fact, nearly every month this year has outperformed the last couple of years, showing a strong trend for real estate in Meridian ID.

Meridian Median Home Prices 2010-2012

The Meridian real estate market is also showing a growing trend in the number of non-foreclosures vs. foreclosures being sold.  For example, of the 167 home sales in October, 133 were non-foreclosures.  That's nearly 80% being non-foreclosures.  As you can see in the graph below, that trend holds true for every month this year, except for January where the numbers were the same.

Meridian Non-Foreclosures 2011 vs. 2012

Now, we'll take a look at the foreclosure market share for Meridian

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