A Look at the Idaho Real Estate Market- November 2010

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

Home Sales in Canyon and Ada County, Idaho

Canyon County Statistics as of November 1, 2010:

1871 active single-family homes in Canyon County ID were available as of September 1st. 48% of these homes are "distressed properties" 285 are REO by banks (foreclosures) and 619 are short sales (33%).

Canyon County ID SOLD Data:

As of 10-31-2010, 2665 Canyon County Homes have SOLD. 67% of these Canyon County homes were "distressed properties" 1338 Bank owned REO's and 458 Short sales (17%).

There is approx. 7 months of inventory available for Canyon County Home Buyers to choose from. Typically anything over 6 months of inventory is considered a "Buyer's Market" and when inventory drops below 6 months, it becomes more of a "Seller's Market."

Ada County Statistics as of November 1, 2010:

3795 active single-family homes in Ada County ID were available as of November 1st. 40% of these homes are "distressed properties" 455 are REO by banks (foreclosures) and 1059 are short sales (28%).

Ada County ID SOLD Data:

As of 10-31-2010, 5505 Ada County Homes have SOLD. 45% of these Ada County homes were "distressed properties" 1584 Bank owned REO's and 914 Short sales (17%).

There is less than 7 months of inventory available for Ada County Home Buyers to choose from.

When searching for Idaho Real Estate, contact Idaho Realtor and Idaho Short Sale Specialist, Don Wixom with RE/MAX Advantage for the most informed process and best negotiating!

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

A Look at the Idaho Real Estate Market- November 2010

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Comments (2)

Vick The Broker Olympus Executive Realty
Olympus Executive Realty INC. - Orlando, FL
Home Of The Top Producers

Don, thank you for the great wealth of information and update on your area, Great work! Wishing you the best!

Nov 02, 2010 05:40 PM
Don Wixom
RE/MAX Executives Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Vick, thanks for taking a look! Keep me in mind whenever you have a buyer or seller in the Boise area!

Nov 02, 2010 06:13 PM