Reed, Home Buyer in Arizona

How is NW Boise Market? Range of 189-210k. Is it a buyers market there? Do?

Asked by Reed, Arizona Wed May 21, 2008

sellers pay any concessions? What is the average offer percentage? Any comments on this area would be kindly appreciated. Also, I would love to hear how you feel about that area of Boise in general? I would love to buy in the North End but am unable to afford anything worth buying:-)

Help the community by answering this question:

Answers

15
There are currently 81 active listings in NW Boise $210,000 and under. That makes it a buyer's market. You can still find property close to the foothills with ammenities that make it similar to the Northend in convenience and outdoor opportunities. To really help you out, I need to know more about what your housing requirements are. How many bedrooms, bathrooms, etc. are you looking for? Do you need a big lot?
You can find sellers offering many concessions. It, of course, depends on their circumstances and determination to sell. Houses that are priced right are still selling quickly. Please give me a call at (208) 867-6949 or email me at Sue@SueDahlgrenRealtor.com with more information and I would be glad to help you figure out if what you are looking for is available. You can search the MLS on my website (below). Area 0800 is the Northwest end of Boise.
Web Reference: http://www.suedahlgren.com/
1 vote Thank Flag Link Wed May 21, 2008
Sue,

I know you do. I was just giving you a hard time. I like your website by the way. Good stuff incorporating the statistics.
0 votes Thank Flag Link Fri Jun 6, 2008
I do know that there is an inlet on that portion of State Street. I also know that just having an address on State makes selling a home more difficult.... ;)
Web Reference: http://www.SueDahlgren.com
0 votes Thank Flag Link Fri Jun 6, 2008
Reed,

I have to agree with Sue, a good agent should know the area. A good agent familiar with area would know that state street is a five lane road in front of the house. Now a great agent would also know the area well and would have taken the time to investigate knowing that there is an inlet on State Street that gives the houses there another street between them and the main part of State Street. A great agent would give you a link to see for yourself: http://maps.google.com/maps?hl=en&q=2430+W+State+St,+Boise… Oh the marvel of technology!

I really hope Sue and the rest of the agents don't take my having some fun on Trulia personal. Agents not all but some just need to come around to the idea that we garner about as much respect as a used car salesman. There is no point in trying to hide information in hopes of generating a transaction. Give people what they ask for, do what you say, sometimes more just never less (thanks Floyd) and realize that real estate is a customer service business. That's my piece and Reed thanks for posting this question and for your continued interaction.
0 votes Thank Flag Link Fri Jun 6, 2008
Reed- Although it is true that this is "not a bad home for the money," it is on State Street. The address makes it a tough sale, which you should consider before making any choices. Find a good real estate agent who knows the are well. They can help you decide if a particular property really makes sense - now and in the future.
Web Reference: http://www.SueDahlgren.com
0 votes Thank Flag Link Fri Jun 6, 2008
Reed,

Apparently the inside scoop isn't all that hard to find in the MLS either. An agents worth is not measured by the ability to withhold information as much as their ability to find it. The MLS number if you want to review the north end home is 98356737. Drop on to a website like mine or any other with an MLS search and pop that number in. Presto! Not a bad home for the money.
0 votes Thank Flag Link Fri Jun 6, 2008
Reed-It's one thing to search the MLS and another to have info on the inside scoop. I know of a home in the north end which is north of State St. that's been completely remodeled and the investor ran out of money. They are asking $250k but they are in trouble. I'm not sure if you were going to financing or paying cash but this home is a beautiful and a quick close offer will get it. The home needs only landscaping. Let me know if you're interested and I'll send you the listing. It's a 2000 sq.ft. home and the basement meets egress.

Chuck Jones 208-697-7673
0 votes Thank Flag Link Fri Jun 6, 2008
Reed,

Let me see if I can give you an answer to your question instead of falling all over myself trying to get you to call me so I can sell you a house. The average asking price for your range in NW Boise over the last six months is $203,921. The sell price is nearly 99% of list price. Looking at that the better option is probably going to be to ask for seller concessions.

The numbers that the MLS has access to due not show the details of the transaction. I'm willing to bet if I were allowed to review the contracts of the 14 homes sold in they area over the last six months that there were considerable seller concessions. The reason being is a seller will usually give you one or the other. In most instances you can't have your cake and eat it too.

If you'd rather have more equity in your home from the start, offer a lower price. If a lower payment, seller paid closing costs, or an interest rate buy down is what you're going for then ask for seller concessions. I do hope that helps to answer your question.
0 votes Thank Flag Link Wed Jun 4, 2008
Let me help you!! I'm very familiar with that area.Send me your email and I'll send you recent solds to help you with your decision. There is one on Drawbridge that is a fantastic value.
Jill Potter 208-409-0529 or email jillewood@yahoo.com ...don't be nervous!
0 votes Thank Flag Link Wed Jun 4, 2008
Reed- I completely understad the "nerves" factor. Home buying can always be a bit scary. Now, with all the news we hear, it is even more frightening. Havng an experienced Realtor on your team is absolutely necessary. We are here to protect you, make sure that you get a good deal and have a pleasant, surprise-free transaction.
That being said, there is still a disconnect between some sellers and buyers in today's market. Sellers sometimes hold on to what they were told their home was worth in past years, which may not be the case today. Buyers tend to think that prices have fallen further than they actually have. This is why a good agent will do a market analysis on a home you are interested in. If we were working together, this is the first thing we would do on the property you have identified. We would determine what fair market value is on the property and then, together, come up with an offer price we were comfortable with. We would visit comparable homes to check out the ammenities. I would negotiate on your behalf. You don't need to know how to begin the process - that is my job.
Please give me a call (208) 867-6949 or send me an email (Sue@SueDahlgrenRealtor.com) and I'd be happy to get started on the market analysis. NW Boise has a lot to offer and I'd love to talk to you about it.
- And, Bravo for helping your parents! Sue
Web Reference: http://www.SueDahlgren.com
0 votes Thank Flag Link Wed Jun 4, 2008
I'm there for you, just give me a call and I will help you make sure you get the best deal possible. Clayton at All Pro Realty Group (208)249-2638 I specialize in working with first time buyers and I have worked with several Investors and I have lived in Boise my entire life, all this makes me a good choice to help you find the best deal.
0 votes Thank Flag Link Wed Jun 4, 2008
Thank you everyone for your great answers.... I'm sorry for the delay in responding but my parents were in the middle of selling their home in WA and I got caught up trying to help. Anyway, good info here. I've been trying to determine a good price for a current listing in that area but I'm having trouble finding recent sales data so if anyone can help me, I would be most appreciative. I'm not sure I'm ready to buy just yet but if I can determine some additional info on a couple of particular listings, I would become more serious. I am pre-approved and so the $$ is there...It's mostly just nerves holding me back from the entire process. Anyway, the most interesting house is in the Collister area between Bloom and John's landing and it's been on the market for a bit... It seems priced a bit high and it's not in a great condition (really bad carpets and hardwoods messed up) but it seems to have potential and a pretty good layout. I'm not sure if the neighborhood is good, though so I'm looking to talk with a realtor who would be willing to help me with some info and help me decide if this would be a good investment if I could get it at the right price or even lead me to another property that I'm unaware of. Someone out there? Can you help? I don't even know how to begin the process!
0 votes Thank Flag Link Wed Jun 4, 2008
Reed,

There are 72 homes based on your pricing criteria. Actually I used a range of 175-215K. The average price is $195,750 with an average of 70 DOM (days on market). Inventory has started to climb again and sales year over year are down by around 8% for Ada County in April.

So you should be able to find a deal depending on how stringent your criteria are. Remember if you are dead set on very specific on home features your prospects for a good deal become self limiting. Overall it’s probably going to remain a buyers market for the rest quarter and possibly the next as the last big set of subprime mortgage adjustments for the year hit in June or July.
0 votes Thank Flag Link Thu May 22, 2008
Hello,
Depending on what it is your looking to buy(house size,lot demension..etc.)I always like to direct my buyers to the north end because they never seem to be sorry...you just have to have a realtor that is good at searching them out!You never know what position the seller is in or if they are willing to make concessions.I live in the northend and have found many wonderful homes at a great price.
I'd love to help you,
Jill Potter
jillewood@yahoo.com
208-409-0529
0 votes Thank Flag Link Thu May 22, 2008
Everywhere here in Boise is a Buyers market right now. The NW Boise area is a great area and can be similar to the N Boise area in spots, just don't go too far west. Being a buyers market it gives you good ground to ask for seller concessions and at less than asking price, but things are starting to look a litter better so I don't know how much longer that will last. If you go to the web reference there is lots of good information on all the different areas of Boise and can be great in helping you decide what part of Boise would be best for you.
0 votes Thank Flag Link Wed May 21, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer