Short Sales in Boise, Idaho- There are Hundreds of Them

There are hundreds of short sale properties on the market in Boise, Idaho.

We have 467 "possible" short sales in Boise, Idaho as of May 22, 2009. That's according to Intermountain MLS stats I pulled yesterday evening. Prices run the gamut: on the entry level, there is a 1 bedroom, 1 bath condo available for sale for just $60,000, and on the high-end, a 5 bedroom, 4.5 bath, 5526 sq ft Boise home can be found for $950,000. The average sales price of a "possible" short sale in Boise is $200,562 and all together, we have $93,662,614 in short sale inventory on the market.

Short sales seem to be everywhere these days and the good news is that banks, Realtors, buyers and sellers are becoming more knowledgeable about the short sale process. Many banks are streamlining their processes and there are educational resources everywhere for Realtors, buyers and sellers. Short sales benefit sellers because the property is sold prior to foreclosure and short sales benefit banks because they usually sell for more money than property that has been foreclosed upon.

If you are a buyer or seller, and would like more information on the purchase or sale of short sale property, please feel free to contact me at lesliehampton@msn.com, or (208)713-0574.