Boise Short Sales, Bank-Owned, and Non-default Home Sales for November

The annual sales activity pattern, shown by the graph in my previous blog, pre-tells what this November‘s numbers would look like. Unofficially, 448 single family homes were sold in Ada County. So sales in the Treasure Valley area stays true to the graph's form, albeit with less quantity than pre-2007.


I’ll update November’s results completely by the 11th or 12th of this month. But, for now, here’s a slice of the market relative to what have become the three types of sales that occur in today’s market. Before 2007, short- and bank owned sales were oddities. But the volume to which they have grown, through the forces of our economy falling off the cliff, have made them target-home purchase options (individual buyers’ situations will have a lot to do with which type offering makes the most sense).

Bear in mind that there’s a lot of narrative behind what the graphs depict. And, I would imagine that there might be a lot of questions that a prospective purchaser might have after looking them over. That’s why working with a Realtor is important (and, it’s free! - the commission is a sales expense). The Realtor is your purchase consultant. Based on the buyers’ situation, s/he can provide direction and assistance aimed at achieving the most satisfactory outcome. Call me, I’ll be happy to talk to you about the different dynamics among the three types of transactions.

 
Alan - (208) 473-0343 - or, email me: Alan.Smith@Remax.net