Boise Idaho Real Estate

Boise Idaho Real Estate Trends | March 2012

boiserealestateplus — Thu, 03 May 2012 23:42:02 +0000

With the Boise Idaho real estate market well into its second quarter, we see that the first quarter of 2012 was stronger and more consistent than the same time period in 2011 and 2010. There were 789 total sales for January through March 2012 — this is 60 (8%) more the total home sales in Boise for the same time period in 2011 and 169 (27%) higher than the first quarter total for 2010. And it appears it is not just resales driving this increase. As can be seen in the graph below, the sale of new homes in the Boise real estate market for the first quarter of 2012 are also higher than the last two years.

In fact, the sale of new homes in the Boise Idaho real estate market for 2012 have steadily increased and since the first of the year. New home sales in Boise for March of 2012 totaled 40, more than double the 18 recorded in March of 2010. Median home prices have also had an upward trajectory. The median home price in March was $138,000 compared to $128,900 in March last year – a 7% increase. While not reflected in the graph below, as the numbers are still coming in for April ’12, preliminary estimates put the median home price at $151,400, a 15% increase over April last year.

Foreclosure rates in the Boise Idaho real estate market for the first quarter of 2012 are also lower than the same time period in 2011. In March 2012, Boise Idaho foreclosures accounted for 44% of total sales, whereas 55.6% of sales were foreclosures in March 2011 and 42.8% in March 2010.

Search the Boise MLS for homes for sale.

Boise Remodel!! $104,500 | 1101 Clithero, Boise ID | MLS #98493636

Jace — Tue, 01 May 2012 18:21:07 +0000

1104 Clithero, Boise, ID 83703

$104,500

1,258 Sq/ft

3bd/1ba + Den + Attached Workshop

TOTALLY REMODELED IN BOISE. Recent updates include new roof, fully-renovated bathroom, all new windows and refinished hardwoods throughout. Newly remodeled eat-in kitchen includes new appliances and cabinets. Huge Master Bedroom and an attached 480 sf storage/work room are a plus! Mature landscaping provides lots of shade and separate, private well for watering the lawn, shrubs, etc. Call today for a showing!

Keller Williams Realty Boise

Call 208-484-2560 for a showing

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Boise Idaho | Boise Homes for Sale

Boise Idaho – 2nd Best City for Raising a Family

boiserealestateplus — Sun, 29 Apr 2012 03:11:34 +0000

Boise Idaho is a great place in which to raise a family. In an article published on April 4, 2012, Forbes Magazine named Boise Idaho as the 2nd Best City in which to raise a family. In making this determination, Forbes looked at the top 100 metropolitan cities in America and ranked them in each of the following seven categories.

Median income
Overall cost of living
Housing affordability (i.e., what percentage of the market is affordable to a family making the median income)
Commuting delays
Percentage of families owing homes
Crime rate
Quality of Education (based mainly on test scores)

After comparing the scores for these 100 cities, Boise Idaho ranked 2nd overall, surpassed only by Grand Rapids Michigan. Of special note is the fact that Boise Idaho ranked #1 in quality of education. To read the entire Forbes article, click here.

The fact is Boise real estate developers have kept, continue to keep, residents in mind when developing subdivisions. Communities are planned for luxury and affordability, convenience, lifestyle and recreation, and usually come with lots of amenities. Subdivisions such as Harris Ranch, for example, offer residents pools, walking paths, shopping, schools that are within walking distance, community parks and playgrounds, etc.

Residents of Boise Idaho can also enjoy skiing and snowboarding, hiking/biking/walking along the many paths in the foothills, Greenbelt, several parks, boating, fishing, and the culture of downtown Boise. There are art museums, theaters, sports arenas, botanical gardens, the Shakespeare Festival, shopping, international restaurants and the largest Basque community in the area. And the views are amazing. Boise has it all.

To search for a list of Boise Idaho homes for sale, use our Advanced Boise MLS Search.

Boise Idaho | #3 Best Place to Retire

Boise Real Estate Sales in February ’12

Jace — Thu, 12 Apr 2012 22:26:42 +0000

The Boise real estate market in February 2012 was much stronger when compared to 2011 and 2010. North Boise home sales showed one of the most significant increases with an increase in sales of 58%. Below is the graph for real estate sales in Boise, month-over-month, for the last 3 years.

As seen below, Ada County home sales for February have increased slightly since 2010. Sales for February 2010 totaled 296; there were 344 sales in February 2011 and 357 sales in February 2012. These increases may not be significant on their own; however, it must be noted that these increases occurred during a time of declining inventory. For example, in February 2012 there were 1,365 homes on the market in all of Ada County, the second lowest number recorded in the last 6 years. Compare this to February 2010 when there were 2,396 homes actively on the market in Ada County. This is a decrease of 1,031 homes (-43%).

With increasing sales and declining inventory in the Boise real estate market, the absorption rate has steadily decreased. In February 2012, the absorption rate was only 3.8 months compared to an absorption rate of 8.1 months in February 2010. A lower absorption rate reflects more demand and less supply.