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by Jace Stolfo
on Thursday, April 14th, 2011 at 2:38pm.
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%).
For bank-owned properties, the fluctuation is much less, but those '05-'07 homes still carry the largest percentage at 12.9%.
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