Ada County Real Estate – March 2009
April 12, 2009 by stolforealestate.com
Filed under Market Statistics
Idaho homes sales continued to pick up steam in March posting 369 sales verses only 265 last month. Compared to a year ago sales are down about 11% and the median price down 17% ($171,490).
New construction had 71 sold homes in Ada county while existing homes had 298. The total number of homes on the market was 3852 representing a 10 month supply of homes, the lowest in about 6 months.
Most of the home sales are occurring in NW Meridian (15.72% Market share), SW Boise/Meridian (13.55%), West Boise/Garden City (9.49%). These areas also have some of the highest percentage of distressed sales that is likely contributing to the large market share of sales.
For the third month in a row, march set a record for the number of Notice of Defaults, the formal start to the foreclosure process. Ada County saw a 5.3 percent rise in the number of foreclosures last month with 449 (Source: Idaho Data Providers).
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Data Source: IMLS. Information not guaranteed.
