Eagle ID Short Sales Fall 30% in 2012

Eagle ID short sales fell dramatically in 2012.  There were just 59 short sales in the Eagle Idaho real estate market this past year.  In 2011 there were 84 short sales, a 30% difference. The chart below shows the total number of short sales in Eagle ID each month for the past 2 years.

Eagle Short Sales 2011 vs. 2012

Because the sample size is small, no neighborhood had a significant amount of Eagle ID short sales in 2012.  Still, Brookwood subdivision had the most in 2012 with 7.  Banbury Meadows followed with 6.  The median price for short sales in Eagle in 2012 was $223,000.  However, the median price for short sales in Banbury Meadows and Brookwood was higher at $272,000.

While Eagle ID short sales have fallen significantly, there was an even bigger drop in REO properties.  In 2011 there were 100 Eagle ID bank-owned and HUD properties sold.  In 2012, there were just 28, a big 72% drop.  Most of these sales were bank-owned homes, as HUD properties have been in the single digits the past two years.

Eagle ID REO_HUD Sales | 2011 vs. 2012

Overall, Eagle Idaho foreclosures have dropped considerably.  For example, the best month for foreclosures in 2011 was December when the market share was 30.8%.  No stats reached that level in 2012.  In comparison, at its lowest, the foreclosure market share in October 2012 was just 9.6%.


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