More Cash Buyers in the Boise Real Estate Market

Posted by Jace Stolfo on Wednesday, February 9th, 2011 at 11:12am.

According to a recent Wall Street Journal report, cash transactions were up in many major real estate markets across the U.S. in 2010.

The same is true for the Boise real estate market where in 2010 18% of the home sales were cash buyers compared to 7% in 2007.

Percentage of Homes Sales Purchased with Cash

Largely spurring the cash sales are the many Boise bank-owned and short sale properties.

According to the National Association of Realtors, 28% of the national sales were cash transactions in 2010.  Up from 14% in October 2008 when they began keeping track.

In several of the largest real estate markets in the U.S., cash transaction approached 50% in 2010:

  • Miami over 50%+/-
  • Las Vegas 45.9%+/-
  • Phoenix 35.6%+/-
  • Chicago 23.4%+/-
  • San Diego 23.1%+/-
  • Los Angeles 20.4%+/-

Source: Zillow.com

Here's a more detailed chart for the types of funds used in the Boise real estate market. Type of Funds Used For Purchase in Boise Real Estate MarketDisclaimer: Data for Ada County comprised of Single-Family Homes only.

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