Percentages of Foreclosures in Ada County - 7.16.2010 - Idaho

Posted by Jace Stolfo on Friday, July 16th, 2010 at 12:18pm.

I thought it would be interesting to take a look at the homes currently for sale in Ada County and see what kind of percentages the foreclosures make up.

There's 3551 homes for sale in Ada County (Boise, Meridian, Eagle, Kuna, Star).  1029 are short sales (29%) and 348 are bank-owned (10%).

Of that 29% that make up the short sales in Ada County, 31% are "contingent".  That means they have at least one offer on the property and are in the several month time-frame for lender approval.

This first graph shows the percentages of homes that are short sales by MLS area.  The areas with the lowest percentages of short sales are Garden City, NE Boise, N Boise, and SE Boise.  The highest areas are Star, Kuna, and SW Meridian.

Percentage of Homes for Sale that are Short Sales

For bank-owned (REOs) homes, N & NE Boise have the smallest market share.  In NE Boise, just 2% of the properties are bank-owned.  Garden City, West Boise, and the Boise Bench have the highest percentages.

You can get a list of bank-owned properties and receive email updates on new foreclosures or browse through the Boise short sales, Meridian short sales, or Eagle ID short sales.

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