Idaho Real Estate by PRICE
2010 was an interesting year of falling prices for the greater Boise Idaho area. Here is a quick snapshot of homes sold:
Canyon County (Nampa, Caldwell, Middleton…)
· Nearly 58% of homes sold were under $100,000
· 52% of homes sold were bank-owned (foreclosures)
· 17% of homes sold were short sales
· 10% of homes sold were new construction
· Average sold price for 2010 was $107,621
Ada County (Boise, Meridian, Kuna, Eagle, Star…)
· 35% of homes sold were between $100,000-$150,000
· 30% of homes sold were bank-owned (foreclosures)
· 17% of homes sold were short sales
· 16% of homes sold were new construction
· Average sold price for 2010 was $184,175
We have experienced a bit of stabilization over the past 4-5 months & are hoping for a strong Spring.
The Treasure Valley area has experienced over a 43% drop in average home prices in the past 3 years.
There are great prices & excellent interest rates. Now is the time to go buy a house!
Contact Idaho Real Estate Agent, Don Wixom
RE/MAX Advantage.
Call or Text (208) 880-5039
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