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Search Boise Idaho real estate.  If at anytime you have questions or can’t find what you’re looking for, don’t hesitate to call me on my cell (208) 484-2560 or email me.

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Active: The Idaho real estate listing does not have any accepted offers.

Pending: When a property receives an accepted offer, the listing is changed to “pending” unless the seller retains the “right to continue to market”.

Contingent: An Idaho property that has an accepted offer(s) but the seller retains the “right to continue to market” and accept other offers.

- Contingent Other: Most often this is the status used when a property is a short sale and waiting for lender approval.

- Contingent Finance: Buyer financing.

- Contingent Sale: Contingent on the sale of the buyer’s property.  Typically these have a “bump” clause: Should the seller receive another offer, the buyer has X number of hours to terminate the contingency and proceed to closing.

- Contingent Multiple: The seller has an accepted offer and at least one back-up offer.

Cancelled: The Idaho real estate listing was terminated by agent and seller.  Sometimes listings are canceled and re-listed to try and refresh “day’s on market.”

Withdrawn: The Idaho real estate listing was taken off the MLS.

Expired: The listing expiration date passed without being extended.

Please be aware there may be alternative reasons for a particular Idaho real estate status.  Please contact me with any questions.  Search Idaho Real Estate now.

Disclaimer: Information not guaranteed.

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After a booming 2005 and most of 2006, the Boise real estate market began to loose some steam and inventory began increasing.  In May 2006, there was only a 2.8 month of supply of homes in Ada County.  Just four months later, the supply more than doubled to 5.9 months (which is actually a balanced market).  But development, spec homes, and optimism carried forward.

While demand can shift rapidly, supply takes more time to increase and decrease.  The supply side, just like a train, had some distance to go before it could actually get slowed down.  In May 2006, there was 3195 homes for sale in Ada County.  Just one year later, August of 2007, that number of homes for sale had surged over 35% to 4949.

In terms of supply, the Boise real estate market appears to have turned the corner.  The last four months have all posted more than a 10% decrease in the number of homes for sale compared to the previous year.  However, with the exception of September when sales increased by 18%, demand has also declined from previous years.  November 2008, had 265 home sales in Ada County.

I’m very excited to see interest rates where they’re at.  Not only has this been bringing affordability for homeowner’s refinancing, but it has brought in many buyer’s.  I think the key to getting this market turned around is interest rates.  We are still searching for the bottom of this market, but I do know the kind of properties I most work with, like bank-owned real estate (REO), are getting scooped up fairly quickly by both investors and users.  The combination of these historic low interest rates the best deals we’ve seen in years are getting some buyer’s excited.

Whether or not right now is the time to buy is up to you.  I do believe this market has some incredible opportunities right now.  I also think overall prices will come down more.  Personally, I think if you can get a the right deal (like an REO), on the right home, at these interest rates, and you want to own, then long-term now is a great time to buy.

If you want to take advantage of this market and want an aggressive agent to help you locate and negotiate the best deals, I would love the opportunity to earn your business.

Jace Stolfo

Associate Broker

Smith & Coelho

(208) 484-2560

Data Source: IMLS

Disclaimer: No guarantee or representation is made in regards to the accuracy of this data or past, present, or future appreciation or deprecation of property values.

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Some of the energy efficient features include occupancy sensors, a reflective roof treatment, premium performance windows, efficient complex cooling, and demand controlled ventilation.

The energy efficient measures are estimated to save the city $40,000 per year in electricity costs.

The City of Meridian will be pursuing a Silver Certification by the Leadership in Energy and Environmental Design (LEED).  A designation granted by the U.S. Green Building Council for energy efficient and sustainable building.

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