Meridian ID Bank-Owned Homes Down from 2011

Posted by Jace Stolfo on Monday, January 14th, 2013 at 1:15pm.

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 $78,000-$239,000.  And 6 of the homes were HUD properties.

Like bank-owned homes, short sales in the Meridian Idaho real estate market have also gone down.  With a few exceptions, each month this past year has posted an equal or smaller number of short sales compared to 2011.  The numbers have been particularly low since September.  The average number of short sales each month in 2012 was 25.5.  Comparatively, the average in 2011 was 30.42.

Meridian Short Sales 2011 vs. 2012

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