Boise Area market spouting off again!

Real Estate Broker/Owner with Home Realtors 208-870-5133 DB26967

After a decade working the same wonderful Boise area real estate market, even going through the rough times, this market never ceases to amaze me. It seemed to me, when all the news was talking about this huge plunge in the Real Estate market, we were still doing just fine.

Then it did eventually hit us, and sales numbers dried up, but it was well into 2007 before it actually slowed down and crashed. At least that’s how it was for me. 2008 was ugly, and it just got uglier.

But I often pondered why it took so long to affect the market in the Boise Real Estate market. We kind of have our own little micro-economy (and micro-climate for that matter)

I predicted against what some other Brokers were saying. We will be one of the last markets to recover. I started seeing multiple offers on REO’s and Short Sales even late last summer, way before ANY mention of a comeback in the local or national news.

So we did see an early recovery start, even with a late crash.

This is what the market looks like now it seems like. When you go showing, your almost always waiting to either get an appointment, or waiting for the party that got there before you to finish.

This is actually one of our Reservoir’s releasing water to make room for more into the river as the snow melts off the mountains.

What a sight, it’s how I see the market today in the Boise area Real Estate Market. It’s not 2006-07, but it sure feels like it after what we have all been through!!

Buckle up kids, time to “Get a move on”

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David W Hughes, e-PRO
Designated Broker/President
Home Realtors of Idaho
3330 N Meridian Rd #100
Meridian, ID 83646
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Comments (3)

Jeff Jensen
The Federal Savings Bank/Lending in 50 states - Greenwich, CT

We seem to be building a national trend here.  This is really gettiing encouraging.

May 04, 2012 07:49 AM
David W. Hughes
Home Realtors 208-870-5133 - Nampa, ID
Designated Broker at Home Realtors of Idaho

I like it! Prices aren't outragous, but the market is getting out of the hospital bed and walking down the hall! Outlook is good.

May 04, 2012 07:53 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

David - Thank you for sharing detailed quality information on Boise area market spouting off again.

May 04, 2012 10:59 AM