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Boise Short Sales Update for August 1, 2010

By
Real Estate Agent with RE/MAX Executives Nampa, ID

Short Sale Homes in Boise Idaho

Statistics as of August 1, 2010:

2626 active single-family Boise homes listings were available as of August 1st. 35% of these homes are "distressed properties" 287 are REO by banks (foreclosures) and 629 are short sales (24%).

Boise SOLD Data:

As of 7-31-2010, 2173 Boise Homes have SOLD. 40% of these Boise homes were "distressed properties" 543 Bank owned REO's and 329 Short sales (15%).

There is approx. 8 1/2 months of inventory available for Boise Home Buyers to choose from. Typically anything over 6 months worth of inventory is considered a "Buyer's Market" and when inventory drops below 6 months worth, it becomes more of a "Seller's Market."

When searching for Boise Homes for sale, contact Boise Realtor and Boise Short Sale Expert, Don Wixom with RE/MAX Advantage for the most informed process and negotiating!

Contact Don Wixom at (208) 880-5039, call or text!

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Comments (2)

Carol West
Carol West Real Estate, LLC - Hillsboro, OR
Real Estate Agent, Hillsboro, Beaverton, Portland

Don,

Glad to see you have more REO's than short sales. Best of luck to you on your efforts.

Aug 03, 2010 06:08 PM
Don Wixom
RE/MAX Executives Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Thanks Carol! We are certainly hoping for more traditional sales than anything, but I think we have a long row ahead of us!

Aug 03, 2010 06:09 PM