April 2010

There are 2 blog entries for April 2010.

Boise real estate sales surged in March by 43% compared to February with 311 single family homes sold.  This is a 36% increase over last year an 11% increase two years ago.

The median home price in Boise has continued a downward trend (only a reflection of pressure on prices) and in March was $155,000.  The graph below shows the median sale price for the Boise real estate market over the last year.

Boise real estate foreclosures remain the largest negative factor for values. Last month 43% of the property sales were distressed sales.  Here's the foreclosure market share over the last 4 months.

The deadline for the home-buyer tax credit is scheduled to expire April 30, 2010 (unless you have valid contract closing by June 30, 2010).

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Have you filed for your 2010 Idaho Homeowners Exemption?   If you've bought a home in the last year you only have about 2 weeks left... the deadline is April 15!  For 2010, if an Idaho property is your primary residence your taxable value can be reduced by $101,153 or up to 50% of the assessed value (for the home & up to 1 acre of land).

If you already receive this exemption, you do not need to reapply annually. The exemption stays on the property as long as you own and continue to occupy the property.  You can read more about Idaho Property Taxes, the Idaho Homeowner Exemption, download the application, or file online.

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