boise real estate: January Home Sales in Ada County
- 02/06/09 10:08 AM
I just got my latest newsletter out, and here is the most recent real estate update I sent to my friends and past clients... As expected, January usually sets the low mark for the year for Ada County home sales and that is true again for 2009. Single Family Homes sold in January were a meager 237, a 23% decline from January 2008. Remember that I mentioned in the December newsletter that last year we started the year with a 38% decline, so you know I am looking for bright spots. Traffic at Open Houses and individual showings have both been … (0 comments)
boise real estate: July Ada County Home Sales
- 08/03/07 10:05 AM
Well now, this is not what we had expected. Single Family home sales in Ada County in July were surprisingly weak. Right now, the MLS is showing only 678 closed sales for July (not including townhomes and condos, or homes with acreage). That is far below last year's 903, and only 61% of the 1100 sales recorded as the boom was going off in 2005. This explains the rise in inventory we've been watching over the last few months. There are currently around 4771 active listings here in Ada county. That number might rise in the next few days, as many of … (0 comments)
boise real estate: Introducing Austin Creek
- 06/04/07 07:42 AM
Austin Creek is a medium sized residential community west of Downtown Boise and south of Eagle, near the city limits with Meridian. It is in the Meridian School district and is served by Discovery Elementary, Sawtooth Middle School, and Eagle High School. It is close and convenient to these schools, as well as to shopping, and the Charles F McDevitt Sports Complex. It was developed in the late 1990's and consists of single level and two story homes by a number of builders including Elite, Beachwood, Hallmark, Prestige, Dunstan, and Tahoe. Homes are 3 and 4 bedrooms, 2 and 3 baths, and … (0 comments)
boise real estate: March Ada County Home Sales
- 04/03/07 11:25 AM
Despite the many stories about the troubles in the subprime mortgage market and how it might affect the housing market, here in Ada County the sale of homes increased in March by 159 units over February. Intermountain MLS shows 708 Single Family homes closed in March, making this the first month over 700 since last Fall. This makes for the third best March on record, despite being well below last year's record 984. We still have a couple months of hard comparisons left however, as the market didn't run out of steam and peak until June last year. A little stutter … (0 comments)
boise real estate: 3..2..1...Sold?
- 01/13/07 04:22 PM
In Idaho we tend to relate to outdoor terms and stories. I was thinking about that this morning when I went over the river and noticed that no one was fishing. We've finally gotten too cold to fish (it was 7 degrees before the sun came up this morning). Having been a serious fly fisher in the past, I tried to think of what I had used on other cold winter days... something sparkling with a bunch of black maribou perhaps (Orvis sells one version)? You have to present the right offering, or you don't catch any fish. It holds true … (9 comments)
boise real estate: Ada County December Home Sales
- 12/30/06 02:44 AM
The year is finishing out well for home sales in Ada county. Two weeks ago I posted my personal observation that the Boise real estate market seemed to be firming up, and that I was noticing more interest and action. This morning I checked the MLS and pulled up the current numbers, and I'm happy to say they confirm what we have been seeing... December home sales turned up from the November numbers. Through this morning there are 684 closed transactions being shown, which is 53 more than November, and only 9 less than December 2004 (pre-boom). These are Single Family and … (0 comments)
boise real estate: Avimor - Future Boise Development
- 12/26/06 07:06 AM
Avimor site preparation has begun Located northwest of Boise, Avimor is currently the second planned community under construction in Ada County. The first, and so far the largest at 1,844 acres, was Hidden Springs, started in the late 90's, and continuing to be expanded in the Dry Creek Valley northwest of Boise. Avimor sits on 830 acres, with plans for a community center, and about 684 homes. Site work began earlier this year (2006), and continues on the east side of Highway 55. This phase of the development is projected to last six years. The master plan calls for the creation of … (0 comments)
boise real estate: The Cliffs - Future Boise Development
- 12/26/06 05:16 AM
site of The Cliffs, east of Boise On Wednesday night, December 20, 2006 more than two years of work paid off for Skyline Development as the Ada County Commissioners unanimously approved plans for The Cliffs. To be built in the Foothills east of Boise, The Cliffs comprises 707 acres, with an expected 1,350 homes. The first phase of the build-out will be for approximately 202 homesites. There has been a lot of concern in the community about the development of the plateau, which is an important wildlife area, and mule deer wintering ground, but it is unmanaged rangeland. The developer will set aside as … (0 comments)
boise real estate: New Home For Christmas?
- 12/17/06 03:54 AM
I've received a number of inquires this past week, from buyer contacts and possible listing contacts as well, about the current market here in Boise. In the middle of the month of December, it is hard to talk about statistics, so I offer my personal observations as to the health of the market in Boise Real Estate. The first thing I've noticed is an increase in the number of people who are asking me questions... is now a good time to buy, or is now a good time to list? This tells me that interest is picking up a bit. I know … (0 comments)
boise real estate: Ada County Sales for November
- 12/01/06 10:06 AM
The Ada county real estate market continued to slow in November, as it usually does (except last year). A quick check of the numbers shows that at the end of the month there were a total of 4309 active Single Family and Single Family with Acreage listings in Ada county. More than 100 of those dropped off the first day of December, for a total of 4202, but we'll need to wait a few days before we know how many are going to relist and how many are "going to wait until Spring". The inventory number is going the right way, … (2 comments)
boise real estate: Catching Our Breath
- 11/19/06 12:15 AM
Now that the residential real estate market in the Treasure Valley area has cooled off, we can take a minute to catch our breath and think about what is happening, about where we are as a city and a region, and what the future might hold. Was it all a dream? Did we suffer a bubble? Will my kids ever be able to buy a home? When will it get back to normal? Is it over yet? I hear variations of these questions nearly every week, and it is interesting to hear how differently long time residents phrase the question, compared … (3 comments)
boise real estate: Boise Market Update
- 10/25/06 03:47 AM
Here is a quick look at the Boise real estate market for the last week of October. These numbers are for single family homes and single family with acreage, no condos, no townhomes: Ada County current actives 4638last year October actives 1533solds Oct 1 to Oct 24 535current pending 961Canyon County current actives 2155last year October actives 682solds Oct 1 to Oct 24 271current pending 692The market is a little hard to read right now... it seems as if everyone is in the mountains hunting. Inventory seems to be leveling out now, and there are still a lot of buyers out looking at homes. I … (0 comments)
boise real estate: Zillow My Home Sweet Home?
- 10/13/06 01:53 AM
For the past week I have been taking a couple of classes required for a GRI designation (Graduate Realtor Institute). It has been a fun week, and we covered all sorts of exciting topics, including Ethics, Fair housing, Taxation... you know, the good stuff. Along the way we touched on a number of other subjects related to various areas of real estate, and some of the local differences. I enjoyed it alot, and met a number of Realtors from other areas of Idaho. The subject of Zillow came up during one of the sessions (no link, they don't need my link). We … (1 comments)
boise real estate: Pending Sales Higher
- 10/07/06 03:42 AM
I was reading a short article on REALTOR.org about the Pending Home Sales Index and what it is currently suggesting about home sales numbers in the coming months. The article implies that home sales might have reached a low in August, and will stabilize in the coming months. I'm not sure about that myself, but I looked this morning at some simple stats on the Intermountain MLS for September sales.Single family and single family with acreage in Ada County for the month of September show 735 units, which is a bit lower than I what had expected (750-800). If the final … (0 comments)
boise real estate: Price, Condition, Value
- 10/04/06 01:00 PM
Four mornings each week, at 7:30AM, some of the agents in our office get together for a training session/"what's happening in the market" report. Yes, that's pretty early, and no, not everybody attends. But I have found it to be a great help and learning tool, because instead of just my own view of our current market, I get the input of many others, on a day by day basis. The most important thing I am taking away from these meetings is that selling homes in today's market doesn't take a rocket scientist, or a celebrity agent with a huge … (0 comments)
boise real estate: How Much Home?
- 09/20/06 04:29 AM
Someone on Active Rain has suggested this topic, rather like the HGTV show about what you get for your money in different markets across the country. The question is, "How much Home can you buy for $425,000 in your market today?" I can think of a number of different places to use $425K here in Idaho, but for the Ada county area around Boise, Eagle, and Meridian there are just over 100 listings on the MLS this morning for residential between $400,000 and $425,000. That's alot to choose from,and you can find them scattered all over the county so … (1 comments)
boise real estate: Moving to Idaho... your Boise Dream too?
- 09/14/06 08:35 AM
I have been talking to people who have recently relocated to the Boise area. I know of others who are soon to be, or are at least considering, making a similar move. I am always surprised by how many people make the big jump without really looking at some very important pieces... perhaps that is the nature of dreams? There are two things that seem to come up in every conversation that I would like to note here, in the hopes that it will help in the planning, as well as your transition to the Boise real estate market. The … (0 comments)
boise real estate: Thinking about markets
- 09/11/06 05:43 AM
The sales numbers for our Boise real estate market for the month of August show there were 900 single family sales in Ada county. That compares with 1332 for August of 2005. So is that evidence of the bubble burst? 900 units is also the second best August we've ever had. Does that mean everything is fine? Is one month's number even a useful thing to look at?
We've all been hearing and reading about the "Housing Buble" in the newspapers and magazines for quite some time now. Have any of you taken time to piece it all together and really try … (0 comments)
I just got my latest newsletter out, and here is the most recent real estate update I sent to my friends and past clients...;)
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