Tagged : Boise bank-owned

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Boise bank-owned homes dropped dramatically in 2012 when compared to 2011.  December 2012, for instance, saw just 15 REO sales.  The year before there were 66 in December.  In all, there were 1,109 bank-owned homes sold in 2011.  That's approximately 54% more than in 2012, when there were just 513.  When referring to data about bank-owned homes in Boise, HUD properties are included.

Boise Bank-Owned & Hud Sales 2011 vs. 2012

In 2011 REO sales outnumbered short sales.  But, because fewer Boise bank-owned homes are available, short sales were the more dominant type of distressed sale in 2012.  When looking at the total distressed market in Boise (short sales, bank-owned homes, HUD homes), Boise foreclosures have dropped considerably from 2011, nearly 31% in fact.  In 2012, there were 1,189

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Boise foreclosures continued to drop off even more since November numbers came out.  The foreclosure market share was 24.7% for the month of November, slightly smaller than the 25.4% posted the month before.  Overall, there's been a big drop in foreclosures this year.  Especially when you look at January, when Boise foreclosures were at 59.2%.  Those numbers have declined considerably over the year, even reaching 20.5% in August.  In 2011 there was not as a significant decline in foreclosures, with the range being 40.6%-55.6%.

Boise Foreclosures 2011 vs. 2012

Boise bank-owned homes have fallen over the year, while short sales have stayed fairly consistent. In fact, November posted the second lowest number of sales for bank-owned properties in a given month (28).  This is a 47%

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Over the year Boise bank-owned homes have dropped rather significantly, especially when compared to Q1 numbers.  During the first three months of the year the average amount of sales for bank-owned homes in Boise was 74.  Numbers for this type of distressed dropped by a large margin for Q2 and Q3, 44 and 26.3 respectively.  The chart below shows the exact amount of Boise bank-foreclosures sold each month this year.  November 2012 numbers are similar to the Q3 average.

Boise Idaho Bank-Owned Homes 2011 vs. 2012

The chart also points out 2011 numbers.  Clearly, Boise bank-owned homes have dropped off significantly when compared to one year ago.  Since April, in comparison to 2011, there's been more than a 50% drop in 2012 numbers.  More closely, the average amount of REO sales (through

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