North Boise, otherwise know as "The North End" is the popular, quaint, trendy area of Boise where homes are older (for the most part, but not exclusively), beautiful, historic, close to downtown and typically more expensive than much of the rest of Boise. It is a desired place to live, as downtown Boise has one of the best downtowns of any city I know with so much to do, so much to see, and it is cute and safe. I've been curious as to how last year has compared to this year in sales. 2011 has seemed to pick up some steam in many parts of Boise, Idaho and the Treasure Valley, both Ada & Canyon Counties. We are seeing a great deal of homes that are receiving multiple offers on them and selling very quickly. Our inventory of homes for sale is down and it seems the number of buyers remain steady. Where that will lead us I'm sure we do not know. Some think we have hit bottom and are on our way back up. Some think we are in for a double dip depreciation. As for me, I don't know - I don't have a crystal ball (wish I did!). While I can say that prices here are extremely low (like as low as the mid to late 90's low) and interest rates are outrageously low (we have a 3.5% interest on our primary residence and a 4.1% interest on an investment property!) I still can tell you that Boise and the Treasure Valley need to work on getting some good businesses creating jobs, because we are lacking in that category. Still, we have seen a bump up in prices this summer and take a look at what has happened in North Boise year over year:
As you can see from the total sales for 2010 through September (not counting October as the numbers aren't complete for 2011 are 246 homes sold. 2011 is actually right on par - really with 3 less at 243 total. While June of 2011 had a good jump in sales, 2010 overall had more sales the majority of months, and had it's own jump in September almost catching 2011 summer sales in June.
As far as Median Sold prices go - look at the jump in 2010 for June and July. And then the Jump in October 2011. But really, overall these numbers show pretty steady to me with not much of a difference year over year. What do you think?