Meridian ID Real Estate | Jan. – June 2012

July 31, 2012 by  
Filed under Market Statistics

Home sales in the Meridian ID real estate market have been fairly strong for the first half of 2012. Although 2012 total home sales in Meridian Idaho dipped below both the 2010 and 2011 levels in January, they started to rebound in February.  The Meridian Idaho real estate market finished the 1st half of 2012 with the highest monthly total sales for the year-to-date of 181, slightly ahead of the 178 sales in May, but just below the 182 sales recorded in June 2010.

Meridian Idaho Home Sales | Jan. - June Comparison

What is interesting to note is the distribution of sale types comprising these totals.  As can be seen in the graph below, as the year progressed non-foreclosure sales have been making up a larger portion of total sales in the Meridian ID real estate market than foreclosures and short sales. For example, in January 2012, there were 104 total sales, of which only 45 were non-foreclosures, less than half of total sales for the month. Jumping ahead to June, there were 208 total sales, of which 137 were non-foreclosures. This represents a 65.8% market share. In fact, for February through June there were more non-foreclosure sales of Meridian Idaho real estate than bank-owned and short sales combined.

Meridian Idaho Home Sales by Type | June 2012

This decrease in foreclosure sales is further illustrated below.  Generally, the market share of Meridian Idaho foreclosures for 2010 and 2011 ranged between 40% and 70%.  However, the foreclosure market share for the first half of 2012 ranged from a high of 45.8% in January to a low of 24.3% in June.

Meridian Idaho Foreclosure Market Share | Jan. - June Comparison

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Meridian Idaho Real Estate | August 2009

October 2, 2009 by  
Filed under Market Statistics

Home sales in the Meridian, ID Real Estate market jumped in August, with 187 homes sold in the month of August.  This is up from 153 in July, as seen in the graph below:

Meridian home sales 2

Out of the 187 sales in the Meridian, ID Real Estate market, 110 were non-foreclosures, 44 were bank-owned, and 33 were Meridian short sales.  The bank owned and short sales made up 41.2% of the overall Meridian Real Estate market, up significantly from June and July as shown in the following graph:

Meridian Foreclosures

When broken down by area, NW Meridian continues to be where the majority of houses are purchased, with 94 sold in August compared with 51 in NE Meridian, 25 in SE Meridian, and 6 in SW Meridian.  All but SW Meridian showed a jump in sales in August compared to the previous month, as the following graph shows:

Sales by area

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Data Source: Boise MLS (IMLS). Information deemed reliable but not guaranteed.

Meridian ID Real Estate | July ’09

August 31, 2009 by  
Filed under Market Statistics

Of the 153 homes that sold in the Meridian real estate market during the month of July, 40 were bank- owned and 17 were short sales, making Meridian foreclosures 37% of total sales. The graph below shows the Meridian foreclosure market over the last 4 months.

Meridian Id Foreclosures

The graph below shows the breakdown of non-distressed, bank-owned, and short sales in the Meridian real estate market over the last 4 months.

Meridian Id Home Sales

The average home sold price in Meridian was $190,644, and the median home sold price was $178, 200.
The majority of homes selling in Meridian are in the North West area of town as you can see in the graph below. NW Meridian accounted for 56% of home sales, while the smallest market share is comprised in SW Meridian at 5%

Meridian Id Homes Sold In July

Data Source: Boise MLS (IMLS). Information deemed reliable but not guaranteed.