Idaho Real Estate » Market Statistics

Ada County Real Estate Market Stats

stolforealestate.com — Wed, 26 May 2010 16:13:38 +0000

The Ada County real estate market in April had the highest monthly home sales since June 2007 with 659 sales. Home sales surged as the window for the federal tax credit closed. Below, you can see how real estate sales have performed in Ada County over the last 4 years.

As you can see, home sales have outpaced the same months in 2009 and last month almost matched sales in April ’07 when the market was still near peak prices.

Year-over-year Ada county real estate sales have outpaced the prior year since June ’09. Below you can see the percentage increase in sales for the last 12 months. In November, sales more than doubled the previous year (when the tax-credit was originally set to expire) and in April again surged to 57% more sales than April ’09.

Forty five percent of the home sales in Ada County were either short sale or bank-owned properties (search Idaho foreclosures). Below you can see the breakdown for the foreclosure market share by MLS area. Please be aware there was only 1 home sale in Garden City (=100%). The areas with the smallest market share of foreclosures was again in North & NE Boise.

Ada County Real Estate Graphs | November ’09

stolforealestate.com — Mon, 21 Dec 2009 22:04:41 +0000

The Ada County real estate market had another strong month in November with 533 home sales. This is a 50% increase in sales over the same time last year. Foreclosures accounted for 38% of the market share (short sales 15% and bank-owned 23%). The supply of homes in Ada County has been hovering around a 6 month supply since about August. This is about a 1/3 of what it was in November of last year (15.4 months).

Data Source: Intermountain MLS. Information not guaranteed. Search Ada County real estate.

Ada County Real Estate | September 2009 Market Statistics

Jace Stolfo — Tue, 27 Oct 2009 17:59:19 +0000

The Ada County real estate market had a 20% increase in sales in September compared to the previous year. In fact, this was the 2nd highest month of home sales since August 2007. This of course was largely due to first-time home-buyers trying to get in before the end the tax credit program (currently scheduled to expire 11/30/2009). The graph below shows total home sales for the past five months in the Ada County real estate market:

The last four months have all had sales higher than the previous year. The graph below shows how the monthly sales in the Ada County real estate market have changed from the same month the previous year.

The following graph compares new and existing home sales for the past five months in the Ada County real estate market. New home sales in September were the highest they’ve been in over a year.

Data source: MLS (IMLS). Information not guaranteed.

Ada County Real Estate Stats | June 2009

stolforealestate.com — Thu, 23 Jul 2009 19:30:35 +0000

The Ada County real estate market continued to improve in June ’09. The most significant improvement is reflected in the 6.7 month absorption rate. An absorption rate shows the supply of homes at a given sales rate. This ratio is the best the Ada County real estate market has seen since April of 2007. Below you can see the Ada County absorption rate since February.

Sales where up 23% in June from May with 559 homes sold. The graph below shows the Ada County real estate sales by month since 2/09.

There were about 3700 homes for sale in Ada County verses about 5000 this time during the last two years.

Search Homes for Sale in Ada County.

Data Source: Intermountain MLS (IMLS). Information not guaranteed.

Ada County Real Estate – March 2009

stolforealestate.com — Sun, 12 Apr 2009 04:50:32 +0000

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.