April 2014

There are 5 blog entries for April 2014.

Boise Real Estate

2821 N Woody Dr. Boise, Idaho 83703

Status: SOLD

  • Price: $224,900
  • Bed: 3
  • Bath: 2
  • Sq/ft: 1580
  • Year: 2004
  • MLS: 98554863

Coming Soon: New Listing near the foothills in Boise, Idaho. This home is in great condition; 3 bedroom, 2 bath single level built in 2004 located in the Woody Subdivision. This home has an above average lot size of .18 acres with great landscaping and 1580 square feet all on a single level! It also features a 400sq/ft deck with patio cover making it the perfect entertainment home especially for backyard BBQ's... Summer is on its way! Hardwood floors, fresh paint, stainless-steel appliances and great location. Also features large 2 car garage and quick drive to downtown Boise. 

 

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It might be a source of pride to be named one of the best places to live in America by Forbes. However, Boiseans may be inclined to worry a little now that Boise has made yet another 2014 "Best of" list for the magazine, this time for "Best Places to Raise a Family."

It seems apropos given that Movoto named Boise one of the safest places to live in a recent article.

The Way of Life in Boise, Idaho is Key

Will all these accolades cause an influx of people who want to buy Boise real estate? Who knows? Chances are, if people do move this way, it won't only be the fact that Boise counts among the best places to live in the US because of attractions like Bogus Basin or the Idaho Shakespeare Festival or the greenbelt and the Boise River. In fact, it was Boise's…
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In Ada County, 2014 has marked the lowest foreclosure rate in the market share seen in several years (compared to the beginning of previous years). As you can see in the graph above, February's foreclosure rate dropped 10% from the year prior. The highest foreclosure rate in the last couple of years (shown in the graph above) was in 2011 at 59.8% and has since then dropped dramatically and stayed between 10 and 14% in the last several months.   As you can see in the graph below, the absorption rate also has been the lowest this year compared to many years prior. Both January and February had the same absorption rate of 5.0 reflecting the stability of the market. In January 2012 the absorption rate was 8.8 and has since dropped down to 5.0. This…
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Boise real estate home sales increased by 48% in March from February with 329 homes were sold. Compared to March '13, real estate sales in Boise increased by 5% and 16% from 2012. 

As you can see in the graph below, real estate sales usually increase in the Spring and Summer months, however the 48% increase Boise experienced in March is significantly higher than a typical monthly increase. Last year there was a 25% increase between these two months; the increase was 23% higher this year.

Boise real estate sales March of 2014 consisted of 288 traditional home sales, 27 bank-owned/HUD homes, and 14 short sales. Compared to previous months you can see that bank-owned/HUD home sales stayed in the same general range while traditional home sales shot

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Boise has made another important list. In recent months, we've seen the City of Trees being named one of the best places to retire and one of the best places in America to move to. The real estate site, Movoto, has named Boise one of the top 10 safest places to live in America.

How Movoto Got Its Numbers

Movoto didn't just come up with this information about Boise. It compared Boise's crime stats with other highly populated cities in the US. (Movoto took the stats about the cities from the FBI's Uniform Crime Report.)

The types of crime that the FBI report measures are the number of incidences for crimes like murder, rape, theft and assault. From that list, Movoto went on to make divisions between these four categories of crime:

  • Total number of
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