I was at a mastermind today where we discussed real estate information for Ada County, Boise, Idaho. Year over year there has been a 25% decrease in the number of transaction sides.
Short sales make up 16-18% of the total sales and bank-owned (REO) make up another 30%, so almost 1/2 of the sales made in 2010 were distressed properties.
Canyon County, just west of Meridian, Idaho has even bleaker news acoording to Mark Tidd, President of Title One a locally owned and operated title and escrow company. He said that three out of every four sales is a disressed sale in Canyon County.
Notice of defaults are down this year over last. 4,474, so far as of the end of November 2010 versus 5,346 in 2009, said Tidd.
Projections of more of the same with a slight increase in the number of units sold and probably more noticeable in the second half of the year, but modest gain is 3-5% growth for all of 2011, said Mark Tidd.
Want to search for homes in the Boise Metro Area? Click Here
Call me with any questions you have about buying or selling a home. I have been in the business for over 30 years and may have the answer or know who to ask.
