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Market Conditions in Boise : Real Estate Advice

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  • Local Info10
  • Home Buying100
  • Home Selling32
  • Market Conditions11

Activity 21
Mon Jul 27, 2015
Slenderoak asked:
Tue Apr 28, 2015
Lisa Kohl answered:
Good Evening!
Currently we are experiencing a healthy market here in Ada County. Spring selling season is kicking off and with low inventory (homes less than $250k) it's continuing to be a sellers market. Needless to say if you're looking to purchase in this price point, it's important to act fast as much isn't sticking around for long. If you're looking at selling, we could definitely use the inventory.

Lisa Kohl | Realtor
208-703-6451
Lisa@HomeDefinedRealty.com
www.HomeDefinedRealty.com
... more
1 vote 1 answer Share Flag
Mon Oct 27, 2014
Jim Paulson answered:
Right now in Meridian, the absorption rate of current listings is about 110 days.

In Tuscany, there are multiple phases all recorded under different names so you might get different answers to this question. Since I am not sure which one you are referencing, I looked up all 7, then excluded new homes and found 13 homes currently for sale (excluding pending sales) and 15 sales in the past 3 months.

When I narrowed it down to specifically the 4 bedrooms and 3 bathrooms only, I found four homes sold in the past 3 months (3 in Tuscany Messina Village and one in Tuscany Lakes). The average of those 4 was 36 days on market.

Hope that helps!
Jim
... more
0 votes 1 answer Share Flag
Tue Sep 30, 2014
Alei Merrill Gothberg answered:
Hidden Springs is like going back in time to a Norman Rockwell Scene. It is a community with several different styles of homes to attract homeowners of all ages. In the community is a school, the Merc, Post Office, several small businesses and doctors are in the process of re locating as well. If you like to hike, bike, run or enjoy being in the great outdoors, you will find peace and tranquility just a short couple of minutes from any area you live. Many of the homes back up to open spaces where you can begin your own train head. Out of the way yet close proximity to downtown Boise, shopping and dining you will find this community a don't miss on your tour of homes if you are out looking. ... more
0 votes 6 answers Share Flag
Thu Sep 4, 2014
Sharon Felton answered:
Your question is posted under "Market Conditions in Depot Bench." You might receive a better answer if you can be more specific about what you're looking for. Rent? Purchase? I'm sure a competent local Realtor will help you if you plan to purchase a home in Boise. Good luck! ... more
0 votes 3 answers Share Flag
Sun Jun 1, 2014
Jason Stanhouse answered:
8 minutes or 2.4 miles by car. If there is anything else i can help you with feel free to ask!
0 votes 2 answers Share Flag
Mon Nov 25, 2013
Austin Callison answered:
Hi there,

Unfortunately this subdivision does not have a tennis court.
0 votes 2 answers Share Flag
Sat Oct 26, 2013
Janna Rankin Scharf answered:
The real estate market in Boise is smoking HOT, it would be a great time and place to jump back into real estate if that is what you are inclined to do. Best of luck to you!
0 votes 8 answers Share Flag
Thu Nov 1, 2012
Vanessa Coursey answered:
The north end has unquestionably fared better than the majority of the Treasure Valley.
Median home prices 2006 Median Price 3rd QTR 2012 PCT Change
North Boise $259,750 $243,450 -2.42%
Northeast Boise $356,000 $316,921 -10.97%
Southeast Boise $225,500 $183,000 -18.85%
West Boise $182,000 $135,000 -25.83%
Eagle $371,004 $297,000 -19.95%
SW Meridian $330,000 $237,450 -28.045%
My personal opinion is that gas prices, traffic, demographic changes (ie. Generation X &Y's inclination to live near the city center), and elevated default rates in areas of heavy with new construction, have all played a role in this phenomena. People are moving away from suburbia and back into the city center. Consequently, the older more established areas, were generally not hit as hard in the Treasure Valley. As always, there are exceptions. There is a correlation between the proximity to downtown and the percentage loss on a home in the Treasure Valley since the peak of the market. P.S. I live and sell real estate in the north end.
... more
0 votes 8 answers Share Flag
Wed Sep 26, 2012
Alison Blake answered:
You have some wonderful options. Currently there are duplexes that are in the 130 range and up. Fourplexes are in the 200 plus range, depending on where they are. Let me know if you would like any help with these. I have helped several people find great deals where the rent has paid most of the mortgage. ... more
0 votes 6 answers Share Flag
Sat Aug 13, 2011
Jim Paulson answered:
It looks like Nathan may have decided to buy a brand new home in Caldwell back in Sept 2007 based on Canyon County tax records. That is a bit of a stretch for buying a fixer upper. Based on the original list price to the sold price, he appears to have received a good deal for the day but not where I would have considered where "young professionals were buying in Boise". ... more
0 votes 9 answers Share Flag
Thu Dec 23, 2010
Dallas Texas answered:
Have your searched media published articles Google search from newspaper or local magazine.

Here in Dallas we have several magazine's which published Top Ranked Realtors

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
0 votes 6 answers Share Flag
Tue Dec 7, 2010
Sharon Walker answered:
Dear Joe,

You have gotten great information on property taxes in Idaho. One thing that was not brought up is that our property taxes are assessed in arrears. Right now in December, the 1st half of 2010 taxes are due. In June of 2011, the 2nd half of 2010 taxes are due and so on. When you buy a property at the end of a year and it doesn't have a homeowners exemption on it at the time of closing, the taxes will be higher than what you will pay if you occupy the property and have a homeowners exemption on the property. This takes sometimes up to a year to adjust. This is just something to be aware of when looking at property so that you don't have payment shock. If you have any further questions, let me know.
Thanks,
Sharon
... more
0 votes 4 answers Share Flag
Wed Nov 18, 2009
Jim Paulson answered:
This home did in fact sell for $136,000 but a few additional reasons that it may have sold over list price is in this price range we are seeing multiple offers and may home ultimately selling for over list price again. Some buyers are also asking for their closing costs to be paid via higher offers to conserve their cash to close. The first time home buyer tax credit makes homes in this price range cheaper to buy than rent and the move in cost can be cheaper than the deposit on a rental if it it structured correctly.

Jim Paulson
Owner/Broker - Progressive Realty Corporation
... more
0 votes 2 answers Share Flag
Sun Mar 29, 2009
Tom Ashworth answered:
I really don't agree with this article, my phones are ringing, I am showing homes. Not sure what they are talking about.
0 votes 3 answers Share Flag
Thu Jan 15, 2009
David O'Dell answered:
Janet,
If you live in the southwest Boise, Southeast Meridian area I can almost guarantee that your assessment is high. The inventory levels for active listings in your area are huge. I did notice that your tag says that you are from Nampa. If that's the case, your assessments are even further off. Ada has done a much better job of staying current than Canyon County has. ... more
0 votes 5 answers Share Flag
Sat Sep 20, 2008
Jaret Ghent answered:
Idaho has had one of the countries lowest foreclosure rates in the country... and has for years.

2006 - less than 2%
2007 - less than 3%

Currently we are projecting around a 3.5% Foreclosure Rate for 2008.

You can find most of the foreclosure data for the entire US at www.realtyrtrac.com. Hope this has been helpful!

Kristi Ghent, REALTOR

Foreclosure & Short Sale Expert
... more
1 vote 1 answer Share Flag
Sun Jul 27, 2008
Jan Higginbotham answered:
Currently, it's fairly easy to find qualified renters. You need to pay attention to the area, quality of schools, access to transportation, amenities in the area and make sure that your property is clean and in good maintenance condition.

Boise is a great place to live and work so we are still on the radar in terms of companies looking for 'quality lifestyle' communities in which to locate. This is a college town and many major employers are already located here. I don't expect our growth trend to stop any time soon. William Green is right, the speculative investors left the area in 2006. The best thing to do is to get as familiar with the area before you buy as possible, then buy with your long term plan in mind.
... more
0 votes 4 answers Share Flag
Mon Jun 23, 2008
William Green answered:
Make sure your getting your rental comps from a reliable source. I typically utilize several property management companies to bid the rents on a given property and knock off 1 to 2% before presenting the numbers to my clients. I also look at every property and run the numbers i.e. caprate, dscr, vacancy, reserves, depreciation, marketing, etc... It's a business so you have to work with a team that takes these factors into account especially being out of state. ... more
0 votes 3 answers Share Flag
Fri Jun 6, 2008
Brian Brumpton answered:
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 15 answers Share Flag
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