Meridian ID Real Estate Sales| October 2008

Posted by Jace Stolfo on Thursday, November 13th, 2008 at 11:48am.

Here are the Meridian ID real estate statistics for October 2008.  Overall real estate sales in Meridian are down about 19% from a year ago while Ada County was down about 8%.

The Boise MLS classifies Meridian ID in four quadrants: NW Meridian (1030), NE Meridian (1020), SE Meridian (1000), and SW Meridian (1010).

NE Meridian actually had more home sales in October '08 than October '07.  New construction increased 25% while existing homes increased 14%.

The other areas around Meridian ID had sale declines from 25% to 45%.  It should be noted that South Meridian only has a few sales each month and those percentages fluctuate greatly from month-to-month.

Here are all the real estate stats for Meridian Idaho according to the Boise MLS (IMLS).  These numbers represent only single family home sales.

SE Meridian Home Sales Oct-08 Oct-07 % Change
New Homes Sales 6 8 -25%
Average  Home Price  $  238,931  $  327,535 -27%
Median  Home Price  $  239,980  $  352,000 -32%
Existing Home Sales 11 13 -15%
Average  Home Price  $  289,127  $  314,092 -8%
Median  Home Price  $  273,000  $  327,000 -17%
       
       
SW Meridian Home Sales Oct-08 Oct-07 % Change
New Homes Sales 1 3 -67%
Average  Home Price  $  310,000  $  668,333 -54%
Median  Home Price  $  310,000  $  715,000 -57%
Existing Home Sales 5 7 -29%
Average  Home Price  $  311,880  $  359,414 -13%
Median  Home Price  $  333,500  $  407,500 -18%
       
       
NE Meridian Home Sales Oct-08 Oct-07 % Change
New Homes Sales 15 12 25%
Average  Home Price  $  275,308  $  354,040 -22%
Median  Home Price  $  240,000  $  339,900 -29%
Existing Home Sales 25 22 14%
Average  Home Price  $  231,184  $  217,334 6%
Median  Home Price  $  209,900  $  195,000 8%
       
       
NW Meridian Home Sales Oct-08 Oct-07 % Change
New Homes Sales 15 20 -25%
Average  Home Price  $  228,543  $  320,559 -29%
Median  Home Price  $  215,927  $  324,900 -34%
Existing Home Sales 25 43 -42%
Average  Home Price  $  202,713  $  246,967 -18%
Median  Home Price  $  180,000  $  218,000 -17%

For the most recent real estate statistics please go here.

Data Source: Boise MLS (Intermountain MLS). The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. This information contained in this post is for general market analysis. No representations or warranties are made as to the past or future appreciation or depreciation of property values.

Leave a Comment