Ada County Real Estate Market | Sep ’10

Ada County real estate sales rose again in September to 493.  Existing homes accounted for about 87% of the market activity (428 sales) while new construction was up slightly from last month with 64 sales.  Compared to the same time last  year, sales were down 9.71% (inventory was also down 9.9%).

Last month, 46.5% of the real estate sales were either short sale or bank-owned homes. This market share is about level to what we’ve seen over the last 6 months (+/- about 5%).

Below you can see the total real estate sales (blue), bank-owned (red) & short sale homes (green) for 2010 in Ada County.

As you can see below, SW & NW Meridian had the largest market share of foreclosures in Ada County.  N & NE Boise, followed by Eagle, had the lowest percentage of foreclosure sales.