Tagged : bank-owned

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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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As of 4/14/11, there's 2413 homes for sale in Ada County.  747 of these are short sales (31.0%) and 211 are Bank-Owned homes (8.7%).

I'd thought see how the percentage of foreclosures on the market correlate with the age of the home.  The real estate boom the Boise area was in '05-'07 with the peak in late '06 & early '07.  I assumed that I would see homes built in this time-frame carry the largest percentage of foreclosures and as you can see below, it does.

Nearly 50% of the homes built in '05-'07, that are currently for sale, are short sales.  While homes built 1920-1939 have the fewest with 18.5% (with the exception of new construction at 0.2%).

Short Sales by Age

For bank-owned properties, the fluctuation is much less, but those '05-'07 homes still carry

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There were 487 real estate sales last month in Ada County (Boise, Meridian, Eagle, Kuna, Star). 47% were either short sale or bank-owned homes (81 short sales & 148 bank-owned).

As you can see below, the foreclosure market is not evenly distributed across Ada County. NE Boise had the smallest number of foreclosure sales that only accounted for 17% of its market activity while the largest influence was 71% in SW Meridian (see which areas had the most home sales last month.)

Foreclosure Market Share in September '10

Browse through the Boise short sales, Meridian short sales, or Eagle ID short sales.  Or, get a list of bank-owned properties and receive email updates on new foreclosures that hit the market.

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