Boise Area Real Estate / Ada County Market Report for March 2009 (as of April 19)

Below is a market report grid for Ada County. Below that is the February + January grid, I've left on here for ease of comparison. Data pulled from Intermountain MLS. If you would like additional information on a specific city within the county, please write Bev@AccentIdaho.com and I'll gladly oblige.

As yet, IMLS does not break out the foreclosure/short sale/REO data in their monthly/quarterly reports, but perhaps that is coming soon; our local listings just began utilizing these classifications for ease of searching. Boise and Meridian both are great examples of areas so large that they are broken into several pieces, such as "NE Boise" or "Boise Bench," etc., so if you're interested in info for a specific area, please just let me know!

Could "Spring-Springing" explain the large jump in total SOLD single family homes since last month? Meanwhile, notice the larger increase in the number of SOLD new construction single family homes. Eagle's average price took a hit, while the number of Ada County single family homes actively for sale rises steadily from the beginning of this year...

ADA COUNTY	March 2009	February 2009
Number for sale	3852	3863
Total Number Single Fam SOLD	369	265
SOLD New Construction/Existing	71 / 298	48 / 218
Average Price	$197,026	$202,768
Days on Market	101	93
Eagle Sold	24	16
Avg Eagle Price	$307,727	$354,331
NW Boise Sold	22	12
Avg NW Boise Price	$212,504	$182,304
Ada County Homes Actively for Sale	4798	4708
Foreclosures Active	233	193
Short Sales Active	948	835
REO's Active	214	242

ADA COUNTY	February 2009	January 2009
Number for sale	3863	3764
Total Number SOLD	265	232
New Construction/Existing	48 / 218	51 / 181
Average Price	$202,768	$210,928
Days on Market	93	94
Eagle Sold	16	16
Avg Eagle Price	$358,912	$354,331
NW Boise Sold	12	14
Avg NW Boise Price	$182,304	$240,670
Ada County Homes Actively for Sale	4708	4683
Foreclosures Active	193	162
Short Sales Active	908	835
REO's Active	255	242