Tagged : Boise Real Estate

There are currently 61 blog entries matching this tag.

Updated Status: SOLD

Open House Saturday 11/26/11 1pm - 4pm

Rockhampton Subdivision

$209,000

2521 Sq/ft

4bd/2.5ba + Den + Bonus

This home offers a 4-Car garage, RV Parking, and is only seconds to a neighborhood park. The home features an open-floor-plan, a large kitchen with new stainless-steel appliances, hardwood floors, and numerous art niches and built-in bookshelves throughout the home. This very desirable floor plan has the master bedroom on main level along with an office. Upstairs has 3 bedrooms and a bonus room. Call today for a showing! Open House 11/19 1-4pm.

Listed by Stolfo Real Estate Co.

Call 208-484-2560 for a showing

Request more information contact us

Information deemed reliable but not guaranteed.

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Corbett Bottles Real Estate Marketing auctioned off five R. Grey Loft condos in downtown Boise yesterday.  The 16-unit project was built several years and was recently purchased by an investor who offered a minimum of 5 units to be sold absolute with no minimum or reserve price.  With an estimated 100-150 people in the room, the units went quickly.

Unit #206 went first for $262,500.  You can see the all sale data below, in the order in which they sold. (A 5% buyer's premium was added to live bid to arrive at the final sales price)

Unit# Live Bid Sales Price Sq/ft Price/SF
206  $  250,000  $   262,500 1358  $      193
212*  $  172,500  $   181,125 1803  $      100
202  $ 
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Updated Status: Sold

Only Seconds to Jullion Park!

Shenandoah West Neighborhood

$217,500

2863 Sq/Ft

4Bd/2.5Ba

A beautiful home in the highly desirable Shenandoah West neighborhood.  The neighborhood is well-kept, has mature landscaping, and is centrally located for quick access to Downtown Boise, Eagle, and Meridian.

This home has been well cared for the by original owners and has many recent updates including newer windows, exterior paint, and a new roof (2 years).

The home has a open floor plan with main-level bonus room, separate family & living rooms and a formal dining room.  Located on a culdesac and only seconds to Jullion park.

Listed by Stolfo Real Estate Co.

Call 208-484-2560 for a showing

Request more

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Updated Status: SOLD

(This home sold in less than 2 days. Looking for something like this? Contact me & I'll help you locate it.)

Great First-Time Home-Buyer Property!

Are you tired of looking at the same old haggard homes? Well, no more! This one's been completely updated!! New kitchen, roof, gorgeous hard-wood floors, stainless-steel appliances, new carpet, windows, fully-fenced, and the list goes on! This home is everything the pictures show.

$109,900 3Bd/1.5ba 1242 Sq/Ft

Listed by Stolfo Real Estate Co.

Information deemed reliable but not guaranteed.
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There’s currently a very unique trend in the Boise real estate. Historically, in the spring & summer months the number of homes for sale increases as more people list their home during the busiest selling time of the year.

However, 2011 has bucked that trend as the number of homes for sale in the Boise real estate market has continued down. Below you can the inventory levels in Ada County from January ’07 through April ’11. June ’08 was the peak with almost 5200 homes for sale and April ’11 was the lowest at 2133.

Homes for Sale in Ada County

This can be frustrating trend for some home-buyers with more unique requirements as there are fewer homes to choose from.

There are however many Boise short sales & Boise Bank-Owned Homes to choose from. Although, the overall number

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In February 2011 there was 216 home sales in the Boise real estate market. This is up about 10% over last month and 20% over the same time last year. With about 1350 homes for sale in Boise the absorption rate is about 6 months- reflecting a balanced supply & demand.

The median home price in Boise increased from $126,000 last month to $139,850. The majority of home sales are occurring between $100,000-$150,000. Home sales under $100,000 have the second largest market share with 22% as more investors are picking up the cheapest foreclosure properties.

Boise Real Estate Sales by Price Class

The number of homes for sale in the Boise real estate market continues to go down. In Ada County there were 2165 homes for sale last month, 29% fewer than a year ago. Below you can see the inventory

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It no surprise that with the number of foreclosures in the market, that Boise home prices have continued to be impacted.  However, you may be surprised to learn there's actually an upward pressure on values in certain segments of our local market.

The median home price is what is commonly used by the media & appraisers to calculate appreciation or depreciation.  While I don't agree the median home price accurately reflects appreciation or deprecation, I do think it canoften reflect the market pressures.

I compiled the home sales for Ada County over the last year (2/24/09 to 2/24/10).  Below you can see how the median home price has changed.

Boise Real Estate Prices Prior 7-12 Months Prior 4-6 Months Current-3      Months
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According to a recent Wall Street Journal report, cash transactions were up in many major real estate markets across the U.S. in 2010.

The same is true for the Boise real estate market where in 2010 18% of the home sales were cash buyers compared to 7% in 2007.

Percentage of Homes Sales Purchased with Cash

Largely spurring the cash sales are the many Boise bank-owned and short sale properties.

According to the National Association of Realtors, 28% of the national sales were cash transactions in 2010.  Up from 14% in October 2008 when they began keeping track.

In several of the largest real estate markets in the U.S., cash transaction approached 50% in 2010:

  • Miami over 50%+/-
  • Las Vegas 45.9%+/-
  • Phoenix 35.6%+/-
  • Chicago 23.4%+/-
  • San Diego 23.1%+/-
  • Los Angeles
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The strongest segments of the Boise real estate market continue to be N & NE Boise.  These established areas of Boise have consistently had the fewest number of foreclosures in Boise.  As you can see below, N & NE Boise have less than 1/2 the foreclosure sales as the other areas of Boise Idaho.

Boise Foreclosure Maket Share Nov 2010

Below you can see the absorption rate, average days on market (DOM), and the median home price for the Boise real estate market.  Once again, North & North East Boise reflect some of strongest numbers.  These areas offer many unique amenities such as proximity to downtown, the foothills, mature landscaping, city parks, green belt, and more.  These amenities do come at a cost as reflected in the median home price that is almost double the Boise average.

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The Boise real estate market had 266 home sales last month.  248 were existing homes and 18 were new construction.  The majority of the sales were occurring in N Boise (31), SE Boise (40), the Bench (32), far W. Boise (50), and SW Boise (41).

The graph below shows the Boise real estate sales in 2010 vs 2009.   As you can see, the first part of '10 surpassed '09 but this fall that has shifted.  The swing can be attributed the tax credit deadlines & extensions.  Originally in 2009, the tax credit was set to expire 11/30 so sales were surging last fall.  Congress then extended the tax credit deadline to 6/30/10 which accounted for the surge in the spring of '10.  Aside from last year, the 266 home sales was the most recorded in the month of October since

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