Boise Idaho Real Estate

Summer in Boise, Idaho brings a different kind of quiet or more accurately put, the din of screaming fans cheering a touchdown on Boise State University's blue turf gets replaced by the steady hum of bees buzzing around summer blossoms and the sounds of dogs barking at the local dog park. It's a season which inspires the people living in the City of Trees to get out and move -- their bodies, their furniture from end of the living room to the other and even to a new home. But there are some things that wayward Boiseans should consider if they'd like to switch one piece of Boise real estate for another.

During the last five years since the market crash of 2008, many potential new homebuyers have either pulled back their efforts to buy a new home or

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3887 S Duston Pl Boise, ID 83706 | MLS #98522988

Status: SOLD 3Bd/2.5Ba | 2013 Sq/Ft

Listed by Keller Williams Realty Boise

Great new listing in SE Boise! Boise real estate listings in the coveted SE end of town are in short supply.  And it's no wonder, this location offers so many amenities and some of the best schools Boise has to offer.  Less than a mile away from this Boise listing is Bown Crossing, the Boise River, and more!

This charming and functional home was built in 1987 and has 2013 sq/ft.  The master bedroom is ideally located upstairs along with the great room (kitchen open to the family room).  The fully finished basement has 2 additional bedrooms, full bathroom, and a second family room.  The downstairs family room would be

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New listing in the Boise real estate market! Only 2 blocks from Winstead Park! Very few homes come available in this neighborhood! And it's no wonder- it's an incredible location that’s only a 8 minute drive to downtown, yet a quiet and well established neighborhood. This beautiful 4bd/3.5ba home is located on culdasac and has a great floor plan featuring a main-level master, office, formal living/dining, great room, and upstairs loft/bonus. Built-in shelving throughout the home, hardwood floors, and a huge laundry room w/sink and lots of storage.

 

2917 N El Ranch0, Idaho 83705 | MLS #98522550

Status: SOLD 4Bd/3.5Ba +3000 Sq/Ft

Listed by Keller Williams Realty Boise

Information not guaranteed & subject to change without notice.

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4138 N Ettaro Meridian, Idaho 83646 | MLS #98520284

Status: SOLD Subdivision: Bridgetower

4Bd/2.5Ba +3456 Sq/Ft

This spectacular & unique home features an English Conservatory and tens of thousands of dollars into custom landscaping and patios. Huge Master Bedroom with 3-sided fireplace and sitting area. The Master Bathroom offers tri-vanities, a California style built-in closet, and dual shower heads. Beautiful hardwood floors on most of main-level, plantation shutters throughout, and gorgeous stain-grade built-ins cabinets in family & dining. Huge 4 car-garage RV Garage Door. No back neighbors and views of the Boise Mountains. A rare find in the highly desirable Bridgetower subdivision in Meridian!

Bridgetower was one of the top selling

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Ada County new construction sales in March 2013 were up 54% compared to the same month the previous year.  This is a continuation of the steady improvement we've seen in the new home market for quite some time.  In fact, this is the 21st consecutive month of year-over-year increases in Ada County.  As you can see in the graph below, January & February saw modest (relatively) improvements with 20% and 27% increases.  May and October of last year saw new home sales more than the double previous year.

Year-Over-Year Increase in New Home Sales

One of the driving factors for the increase in demand for new homes in the Boise area is the relatively low supply of homes for sale.  During March 2013, there were just 1,787 homes for sale in Ada County.  Compared to inventory in previous years, this

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Applying for a home for loan

There are many factors that lenders consider in determining how much, and what type of loan you may qualify for. Before taking a look at the types loans, it’s good to understand a few key principles that lenders look at.

Credit Score

Credit scores depend on which company is providing the scores (FICO up to 850, VantageScore up to 990). First knowing where your score comes from is important because banks are usually going to use the FICO score as the determining factor for the loan amount and interest rate. Generally, a great FICO score is considered 720-850, 680-719 is good, 620-679 fair, and anything below is 619 is considered poor credit.

Debt-to-Income Ratio

The debt-to-income ratio looks at your required

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While 2012 was a great year in the Boise real estate market, 2013 looks even more promising as home values continue their upward trend. From February '12 to February '13, the median price of single-family homes rose from $140,500 to $160,000, an an increase of 12.1%.  Compared to the same time 2 years ago (February '11), the median price was $137,700.

One of the primary drivers for increasing prices is the greater demand and less supply than in years past. Homes for sale in Boise aren't on the market as long as they used to be with an average of 19 days fewer than February '12 & 23 days fewer than Feb '11. The South Boise real estate market was one of the lowest with an average days on market of 46 in February '13.  Homes that are priced right sell

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Boise bank-owned homes dropped dramatically in 2012 when compared to 2011.  December 2012, for instance, saw just 15 REO sales.  The year before there were 66 in December.  In all, there were 1,109 bank-owned homes sold in 2011.  That's approximately 54% more than in 2012, when there were just 513.  When referring to data about bank-owned homes in Boise, HUD properties are included.

Boise Bank-Owned & Hud Sales 2011 vs. 2012

In 2011 REO sales outnumbered short sales.  But, because fewer Boise bank-owned homes are available, short sales were the more dominant type of distressed sale in 2012.  When looking at the total distressed market in Boise (short sales, bank-owned homes, HUD homes), Boise foreclosures have dropped considerably from 2011, nearly 31% in fact.  In 2012, there were 1,189

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Eagle ID real estate sales in 2012 have gone up compared to 2011.  For example, this past December there were 37 home sales.  In December 2011, there were just 26, a difference of about 30%.  The chart below shows sales for real estate in Eagle Idaho over the past two years.  With a few exceptions, each month in 2012 outperformed sales from the same month in 2011.

Eagle ID Real Estate Sales 2011 vs. 2012

Another change in the Eagle ID real estate market has been the amount of new home sales.  The past six months have been particularly strong, especially October which had 21 new home sales.  That's an 86% climb from October 2011 when there were just 3 new homes sold.  Similarly, December 2012 saw 11 more new homes sold than December 2011.  Overall there were 113 new homes sold in 2012 and

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Meridian ID bank-owned homes are down significantly compared to 2011.  In fact, December 2012 posted the lowest number this past year for REO and HUD properties with 9.  That's roughly a 72% drop from the year before.  Most months in 2012 had fewer than 20 bank-owned sales.  The chart below shows the dramatic change for sales of bank-owned homes in Meridian since 2011.  Each month in 2012 posted significantly lower numbers than the same month in 2011.

Meridian Bank-Owned & Hud Homes 2011 vs. 2012

Of the 9 Meridian ID bank-owned homes sold in December, none were in the same subdivision.  However, 6 of them were sold in Northwest Meridian.  Of the remaining three, 2 properties were sold in Northeast Meridian and the remaining one was in Southeast Meridian. The prices of those homes ranged from

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