In August, Meridian ID short sales made a dramatic increase, jumping from 17 sales in July to 33 in August. Sales for non-distressed, bank owned, and short sales over the past five months are shown below:
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.