Boise Idaho Foreclosures | 2011 vs 2010

There were more Boise Idaho foreclosure sales (short sales, bank-owned and HUD properties) in 2011 than 2010.  The areas with the largest increase in foreclosures were West Boise/Garden City with a 34% increase, and the Boise Bench with a 40% increase.  The only areas having fewer foreclosures in 2011 than 2010 were North Boise with -13%, Garden City with -12%, NE Boise with  -9%, and SW Boise/Meridian with -2%.  Boise Idaho foreclosures in the remaining areas–South, SE, West and NW–increased between 20% and 26% in 2011.

As can be seen in the graph below, non-foreclosure sales for 2011 increased throughout Boise, with the largest increases being in SW Boise/Meridian and NE Boise.  Whereas these two areas showed slight decreases in Boise Idaho foreclosures in 2011, the number of non-foreclosure sales in 2011 for these two areas increased over 2010 by 79% and 78%, respectively.

The Boise Bench, NW and W Boise all showed increases between 20% and 28% over 2010, while South, SE and W Boise/Garden City showed increases between 10% and 14%.  The remaining two areas, Garden City and North Boise, while showing decreases in foreclosure sales in 2011, stayed fairly consistent with 2010 non-foreclosure sales.

Boise Idaho Foreclosures | 2011

The number of Boise Idaho foreclosures sales were higher for the first eight months of 2011 than for 2010.  However, beginning in August 2011, the number of foreclosures in Boise, Idaho  showed a steady decline through the end of the year.  This is a vast improvement from earlier in the year when foreclosures were as high as, or higher than, any other time in the last 2 years.

As can be seen in the graph below, the market share of Boise Idaho foreclosures in 2011 were lower than 2010 levels for the last half of the year.  According to Boise market statistics, in June 2011, the market share of Boise foreclosures dropped below 50% for the first time since November 2010.

NE Boise holds the lowest market share with 11%, followed by North Boise and SE Boise.  The remaining areas are closely spaced, ranging between 45% and 54% of the Boise foreclosure market share.