There were  20 closed Meridian short sales and 39 sold bank-owned homes.   The increase in the market share was not due to more foreclosure sales but a decrease in Non-Foreclosure sales. See next graph.

Overall Meridian real estate sales were up 28% compared to the same time last year but down from November.  November had posted the 2nd best month all year for new home sales but took a big dip in December.

IMLS is the source of this data. Information not guaranteed.

Browse through Meridian Idaho short sales on this site.

Out of the 187 homes sold in the Meridian real estate market in August, 44 of them were Meridian bank-owned homes and 33 of them were Meridian ID Short Sales, which made foreclosures 41.2% of Meridian’s total real estate market. The market share for Meridian foreclosures over the last four months is shown below.

As shown, there has not been such a high percentage of foreclosed homes sold in the Meridian ID Real Estate market since May of 2009.  The graph below breaks down the homes sold in each area of Meridian, and shows that NW Meridian continues to be where the majority of houses are purchased, with 94 sold out of the total of 187.

Currently, there’s 306 Meridian ID Short Sales listed, which makes short sales 29% of the total real estate market in Meridian, Idaho.

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

153 homes sold in the Meridian real estate market during the month of July, of those, 40 were Meridian bank-owned homes and 17 were Meridian short sales, making foreclosures in Meridian 37% of the town’s total home sales. The Meridian foreclosure market over the last four months is shown in the graph below.

The median home sold price in Meridian during July was $178, 200, and the average home sold price was $190,644.

The North West area of Meridian is where the majority of homes are selling. As the graph below illustrates, NW Meridian made up 56% of the total market share, while SW Meridian accounted for the smallest amount of home sales at 5%.

Currently, there are 303 Meridian Idaho short sales listed, making short sales 28% of the total listings in the Meridian real estate market.  Search Meridian Idaho short Sales now.

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

45 of the Meridian short sales are listed as “contingent” which means an offer has been submitted for lender approval.  This process usually takes about 8 weeks.  Most short sales have the right to continue to market so other offers can be made on these properties.

Data source: IMLS. Information not guaranteed.

If you’re thinking about buying a home in Meridian, make sure you at least know your options with buying a short sale.  Short sales are not easy to close, but if your patient, they have the potential to reward you.

I’m a Realtor in the Meridian area specializing in short sale and bank-owned real estate.