Tagged : eagle bank-owned real estate

Foreclosures have dropped once again in the Eagle Idaho real estate market.  October 2012 posted the second lowest numbers we've seen all year at 9.6%.  As you can see in the graph below, the numbers for foreclosures in Eagle are varied this year, anywhere from 8.8% to 46.4%.  However, they have consistently stayed under 20% since April and they've steered clear of last year's numbers.  The only month this year where Eagle Idaho real estate saw lower foreclosure numbers than October was July (8.8%).

Short sales are the predominant type of foreclosure sale in Eagle.  So far this year, there have been 50 short sales in Eagle ID compared to 23 bank-owned homes.  Banbury Meadows and Brookwood subdivisions have had the highest number of short sales thus

There were 46 home sales in the Eagle Idaho real estate market last month. This is up 46% compared to the same time last year.  Below you can see how the first four months of this year have compared to the previous two years.

Fifty four percent of the Eagle Idaho real estate sales were Eagle short sales or Eagle bank-owned property.  Below you can see the market share of foreclosure over the last 13 months.  As you can see, the percentage has generally fluctuated between about 35% and 60% with a high of 76% in January. The 13 month average was 51.6%.

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Over the last 4 months, the Eagle Idaho real estate market has had a consistent number of sales of about 40 per month.  Compared to a year ago, home sales were up about 74% in August (23 sales in 8/08).  The graph below shows the Eagle Idaho real estate sales over the last 5 months.

As you can see below, the Eagle Idaho real estate foreclosure market has had more fluctuation.  In August, about 53% of the homes sold were foreclosures verses 36% in June.

During August, there were 11 sold eagle short sales and 10 sold Eagle bank-owned homes. The graph below shows the break down of non-foreclosure, Eagle short sales, and Eagle bank-owned real estate over the last 5 months.

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Data Source: Boise MLS.