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Looking at the 6,729 active/pending listings in IMLS today, trying to paint a picture of how many are distress.

Canyon County has 1,840 listings with 1,112 distress, or 60.5%.

Ada County has 45.9% distress listings.

Distress is defined "YES" reply given by the agent for Short Sale, REO or In Foreclosure.

Typical is a "NO" reply.

Active/Pending Listing in IMLS.

Distress

Typical

County

Count

Percent

Count

Percent

Total

Canyon

1113

60.5%

728

39.5%

1841

Ada

1733

45.9%

2044

54.1%

3777

Boise

38

40.9%

55

59.1%

93

Gem

61

40.4%

90

59.6%

151

Valley

62

26.8%

169

73.2%

231

Owyhee

22

25.6%

64

74.4%

86

Payette

61

24.2%

191

75.8%

252

Elmore

61

19.2%

257

80.8%

318

Grand Total

3151

46.7%

3598

53.3%

6749

Below data tables breaks down by IMLS area for Canyon County

ACTIVE & PENDING LISTINGS - CANYON COUNTY

Distress

Typical

IMLS Defined Area

Count

Percent

Count

Percent

Total

South Nampa (86) - 1260

294

65.2%

157

34.8%

451

SW Caldwell - 1280

214

61.3%

135

38.7%

349

NW Nampa (51) - 1270

191

63.7%

109

36.3%

300

NE Nampa (87) - 1250

172

62.8%

102

37.2%

274

Middleton - 1285

78

41.7%

109

58.3%

187

NW Caldwell - 1275

77

72.6%

29

27.4%

106

Canyon County Other - 1290

34

47.9%

37

52.1%

71

Parma - 1292

13

39.4%

20

60.6%

33

Wilder - 1293

17

54.8%

14

45.2%

31

Star - 0950

7

53.8%

6

46.2%

13

Melba - 1265

8

66.7%

4

33.3%

12

Greenleaf - 1294

7

63.6%

4

36.4%

11

Grand Total

1,112

60.5%

726

39.5%

1,838     

More importantly, the breakdown by price range.  If the home priced below $75,000 it's competing in 83% - 94% distress sales.  Knowing what the price distribution curve for Canyon County looks like (see GRAPHS - Graph 16), most homes in Canyon County are sell below $125,000 in 2010.

Worth pointing out, looking at homes over $500,000. There is 20 Active listing and only 1 is distress.  There was only 3 sold homes in Canyon County over $500,000 in 2010, so if my math is right 20/3= 6.6 years supply of inventory?  Experience tells me, there seems to be some overpriced listings in Canyon County.

ACTIVE & PENDING LISTINGS - CANYON COUNTY

Distress

Typical

Price Range

Count

Percent

Count

Percent

Total

0-24999

18

94.7%

1

5.3%

19

25000-49999

119

85.6%

20

14.4%

139

50000-74999

332

83.0%

68

17.0%

400

75000-99999

293

72.7%

110

27.3%

403

100000-124999

138

54.3%

116

45.7%

254

125000-149999

85

41.1%

122

58.9%

207

150000-174999

38

37.3%

64

62.7%

102

175000-199999

21

28.8%

52

71.2%

73

200000-224999

9

27.3%

24

72.7%

33

225000-249999

27

40.9%

39

59.1%

66

250000-274999

7

29.2%

17

70.8%

24

275000-299999

9

22.5%

31

77.5%

40

300000-324999

3

33.3%

6

66.7%

9

325000-349999

4

30.8%

9

69.2%

13

350000-374999

3

33.3%

6

66.7%

9

375000-399999

3

23.1%

10

76.9%

13

400000-424999

1

50.0%

1

50.0%

2

425000-449999

0.0%

4

100.0%

4

450000-474999

1

20.0%

4

80.0%

5

475000-500000

0.0%

3

100.0%

3

>500000

1

5.0%

19

95.0%

20

Grand Total

1112

60.5%

726

39.5%

1838

The below data tables is ADA County

Ada County is at 45.9% distress listing on 1/14/2011. Clearly Kuna suffers the most in Ada County, at 60% active listings are distress, while NE Boise is the least at 13.7% distress listings.

ACTIVE & PENDING LISTINGS - ADA COUNTY

Distress

Typical

IMLS Defined Area

Count

Percent

Count

Percent

Total

South Nampa (86) - 1260

3

75.0%

1

25.0%

4

Kuna - 1100

136

60.4%

89

39.6%

225

West Boise - 0600

163

58.4%

116

41.6%

279

South Boise - 0500

66

55.9%

52

44.1%

118

W Boise-Garden City - 0650

186

54.1%

158

45.9%

344

Garden City - 0700

14

53.8%

12

46.2%

26

Star - 0950

52

51.0%

50

49.0%

102

Boise Bench - 0400

142

49.3%

146

50.7%

288

NW Meridian - 1030

210

49.1%

218

50.9%

428

SW Boise-Meridian - 0550

154

48.9%

161

51.1%

315

NE Meridian - 1020

118

42.9%

157

57.1%

275

NW Boise - 0800

107

42.1%

147

57.9%

254

SW Meridian - 1010

21

42.0%

29

58.0%

50

Eagle - 0900

122

40.8%

177

59.2%

299

SE Boise - 0300

95

37.5%

158

62.5%

253

SE Meridian - 1000

50

32.1%

106

67.9%

156

North Boise - 0100

78

29.8%

184

70.2%

262

NE Boise - 0200

13

13.7%

82

86.3%

95

Grand Total

1730

45.9%

2043

54.1%

3773

ACTIVE & PENDING LISTINGS - ADA COUNTY

Distress

Typical

Price Range

Count

Percent

Count

Percent

Total

0-24999

3

60.0%

2

40.0%

5

25000-49999

42

85.7%

7

14.3%

49

50000-74999

140

85.9%

23

14.1%

163

75000-99999

324

78.3%

90

21.7%

414

100000-124999

407

69.1%

182

30.9%

589

125000-149999

269

45.8%

318

54.2%

587

150000-174999

158

39.3%

244

60.7%

402

175000-199999

116

33.8%

227

66.2%

343

200000-224999

46

30.3%

106

69.7%

152

225000-249999

53

28.6%

132

71.4%

185

250000-274999

28

19.4%

116

80.6%

144

275000-299999

40

24.2%

125

75.8%

165

300000-324999

13

14.9%

74

85.1%

87

325000-349999

19

20.4%

74

79.6%

93

350000-374999

10

23.8%

32

76.2%

42

375000-399999

9

13.4%

58

86.6%

67

400000-424999

7

35.0%

13

65.0%

20

425000-449999

7

21.9%

25

78.1%

32

450000-474999

7

28.0%

18

72.0%

25

475000-500000

4

12.1%

29

87.9%

33

>500000

28

15.9%

148

84.1%

176

Grand Total

1730

45.9%

2043

54.1%

3773

Let me know your thoughts!

 


Posted by John Hennessey on January 14th, 2011 7:06 PMPost a Comment (0)

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