Ada and Canyon Counties Dis-stressed Sales.

Although the percentage of distressed properties appear to be reducing somewhat in Ada County,  it is still amazing to me how high the percentage has been in Ada and Canyon counties this year.

Breakdown of REO, Foreclosure, Short-Sale, HUD Owned for Aug-2011

301 + 207=  508 = Ada + Canyon



75     HUD OWNED
252     REO OWNED
2     IN FORECLOSURE
179     SHORT SALE (50 of 179 were also “Yes” to In Foreclosure)
508 Total Distress Ada & Canyon County

So 508 of 971 sold homes, or 52% ,were distress sales in the month of August 2011.

 

The following graphs prepared by Hennessy Appraisals clearly illustrate the valley's situation from January through June.