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Do you think the Boise real estate market is improving too fast? This is a question that will be asked a lot in 2013. And it's a good question considering the extremely positive Boise real estate stats that we are seeing month after month. Here is a snapshot being reported in May 2013: April 2013 sales increased by 27% compared to March 2013. (The strongest April over March sales … [Read more...]
The 2013 Boise Parade Homes starts tomorrow April 27 through May 12. See Boise's finest home builders show of their skills and latest trends in New Home Construction. There is 40 parade homes for people to tour. You can see new construction in all price ranges from under $200,000 to over 1 million. The 2013 Boise parade of home is FREE this year, so you can take the whole family if … [Read more...]
If you haven’t noticed, most housing markets are booming right now, and Boise, Idaho has been one of the cities leading the charge for over a year. Anyone who drives around the Boise area will surely see new home construction popping up all over the city and especially in the outskirts of town. Can all this new home construction be good for the Boise housing market and how is impacting the local … [Read more...]
Economists Predict 10% increase in home prices in Western States, and Zero Increase in NE States Capital Economics is predicting western states could experience 10% increase home prices this year, while the NE would likely experience no gain. Read More Here. I agree on the whole that western states, especially CA, NV, AZ, and ID have the best opportunity for significant price gains due … [Read more...]
If you are thinking the Boise Real Estate market has finally turned a corner, you may be behind the times. Home sales are the true driver of economic health, not home prices. Home prices can and will effect home sales, but no matter what is driving the demand, when a home is sold it financially stimulates mortgage companies, realtors, title companies, contractors, builders, home services … [Read more...]
By Mike Turner All real estate agents are being asked by their clients what they think this coming year will be like for real estate. I am never shy about giving my real estate predictions, so let's take a look at the upcoming year. Normally, I feel like the only optimist in the room. Those days are over.I have noticed a shift toward optimism in both consumer and industry professionals … [Read more...]
Few realize that January of 2013 will mark the 2 year anniversary of the housing market bottom for the Boise real estate market. Winter of 2011 was when Boise had its lowest statistical prices for homes sold (chart 1). 2 years seems surprising because we are still feeling the effects of a sluggish economy. Chart 1: Boise Real Estate Housing Bottom Chart However, I could make a strong … [Read more...]
Boise real estate market is showing a new trend. For the last 3 years home sales have increased over the previous year for both Ada and Canyon County. However, this home sales trend has now shifted. Ada County home sales have continued to outpace the previous years sales, but Canyon County home sales have dropped significantly below 2011 numbers. See both charts below. The drop off in … [Read more...]
A Segment in the Boise Real Estate Market is Disappearing. Home Sales are up in all price ranges in Boise (Ada County). All prices ranges except homes priced below $120,000. The supply of homes priced under $120,000 is disappearing, which has lead to a sharp decrease in sales in this price range. WHY THIS IS IMPORTANT: If you are hoping to buy a home price near $100K or below, better … [Read more...]
It is now the 4th quarter of 2012 and the nation has just reported over 6 months of positive housing data. Almost every analyst and industry professional is convinced that housing definitely turned a corner and we should see homes prices continue to rise conservatively for the next few years. However, with the recent elections, not everyone is so sure how the next few years are going to work … [Read more...]
On Wednesday, many of my friends, colleagues, and clients asked me how (or if) the real estate market will change as a result of the elections. Most who asked were surprised and frustrated by the results of the election--a state I like to refer to as an election hangover. No matter whom they voted for, I think everyone had a bit of an election hangover, thanks to the massive amount of media … [Read more...]
Pending new construction sales in Ada County for 2012 have peaked as much as 120% over 2011 numbers, hitting (thus far) their peak in March. And numbers are looking to hold high and steady until year's end. Canyon County, too, has been making out well with its pending new construction sales, reaching as high as 271% in year-over-year comparisons (June 2011-June 2012). This is a pleasant … [Read more...]
ADA and CANYON HOME SALES VOLUME Sales volume is a stat that is often over looked but needs to be examined. For example, tracking sales volume helped us figure out in 2009 and 2010 that, even though home sales were increasing across the valley, home prices would likely still fall because the total volume of the dollars sold wasn't increasing--even with the extra home sales. Likewise, while the … [Read more...]
On Monday, Sept. 24, 2012, the Idaho Attorney General's office mailed out over 2,600 payment applications to Idahoans eligible to receive compensation from the recent National Mortgage Settlement. Over 12,000 Idahoans qualify, with the remaining payment application packets scheduled to be mailed out over the next two weeks. Eligible applicants are Idahoans who lost their home to foreclosures … [Read more...]
With the largest year-over-year gain in the Real Estate Strength Index (RESi), Boise, Idaho was recently named the most improved real estate market in the nation by Corelogic, a leading property and analytics corporation. The RESi is a monthly index that ranks and compares quality, sustainability and health of metropolitan housing markets. Boise, Idaho leads the nation for many economic … [Read more...]
Huge Increases in Median Home Prices for the Boise Idaho Real Estate Market. Up over 25% Year To Date for Both Ada and Canyon Counties. By Mike Turner … [Read more...]
Foreclosure Sales Update for the Boise Idaho Real Estate Market. See the latest housing stats. By Mike Turner- Boise Real Estate Agent with http://FrontStreetBrokers.com … [Read more...]
Housing Market Report Card: ADA COUNTY 1. Home Sales are UP 14% up from this same month last year. 2. Pending home sales are up 27% from a year ago. 3. 20% of total sales were "distressed" this month. This is the "healthiest" month in terms of the highest % of Equity sales since Sep 2008. 4. Median Price up for a home sold this month - $180,000. 16% increase from this same month last … [Read more...]
I believe we are seeing the sunset on the opportunities to purchase a really good deal on a home in this Boise Real Estate Market. Not only is the Boise median home price up over 20% year to date in 2012, but foreclosures are becoming extinct in this valley, and interest rates will go back up, which will effect buyers’ ability to purchase more than home price increases. If you have any … [Read more...]
Between April and July, mortgage rates in the U.S. seem to reach new record lows every week. Since the beginning of August, though, rates have trended upward. Time to panic, right! No, rates are still crazy low. Learn why you should relax. A while back, I wrote about how interest rates on home loans might remain low for longer than we thought. Last year, most predictions had rates climbing … [Read more...]
Boise Real Estate Search
$1,099,000 -
550 E Sunnyridge Court
Boise
$797,000 -
1832 E Spring Meadow Lane
Boise
$745,000 -
2773 E Stone Point Drive
Boise
$599,000 -
906 Harrison Blvd
Boise
$1,495,000 -
1500 Harrison Boulevard
Boise
$2,300,000 -
2115 N Claremont Dr.
Boise
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