Boise Area Real Estate News & Market Trends

Boise Idaho real estate information, covering everything from local market data and home values to community events and featured Boise areas. We care about the Boise community and want to help you find your place in it. We'd love to talk to you about your real estate needs!

July 29, 2019

New Home Sales Jumped in June

new homes Boise Idaho New home sales jumped in June nationally and here in Boise Idaho.

Contact Krystyna Ryan at (208)918-5007 or click here if you're interested in Boise Idaho new homes for sale. 

Following two straight months of declines, new home sales jumped 7% in June compared to May to a seasonally adjusted annual rate of 646,000 in June, the Commerce Department said Wednesday.

It's the straw that stirs the soup, so to speak, even though new home sales represent only about 10% of home sales. When newly-built homes are sold, and that figure rises, it's always a bright spot in the housing sector, reflecting consumer confidence and a continued belief in the American Dream. It also props up myriad industries that are involved in the care and feeding of a newly built home and its occupants. Boise Idaho new homes represent a substantial portion of total homes for sale inventory. Builders are responding to the growing demand for homes in Boise Metro.

Statistics are always affected by available inventory, and the number of homes for sale in June would last 6.3 months at the current pace. That's up from 6 months a year earlier. It may not sound like much, but homebuilders and all the industries related to the creation of a new house have reason to smile. The median sales price of a new home in June was $310,400, roughly the same as a year ago when the median sales price was $310,500. From a year ago, new home sales were up 4.5%.

According to an article in Realtor.com, low unemployment and rising wages have put more households in a position to buy while mortgage rates have been held down by the prospect of a cut in interest rates next week by the Federal Reserve.

According to Investopedia, a new home sale is considered to be any deposit or contract signing either in the year the house was built or the year after it was built. The Department of Commerce's Census Bureau releases New Home Sales reports that include both quantity and price statistics. New home sales are considered a lagging indicator of market demand, and as a factor affecting mortgage rates.

The recent report showed new home sales falling in the Northeast and the Midwest, but sales rose strongly in the West in June after slumping in May. Sales in the South were roughly on par with the previous month.

Source: Realtor, Investopedia, TBWS

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Posted in Market Updates
July 20, 2019

Boise ID Real Estate Market in June '19

Boise Idaho Real Estate Market Report

Boise ID Real Estate Market Report - June '19

Boise Idaho real estate market is strong. Inventory of homes for sale is low often resulting in multiple offers and bidding wars.  Home prices went up by 15% on average in June when compared to the same period a year ago.  The number of sales decreased slightly by 6%.  Average day on the market was a bit longer last month.

  June 2019 June 2018 Difference (%)
Number of sales 519 554 -6%
Avg sold price $394,692 $343,153 +15%
Avg DOM (days on market) 21 17 +24%

Data is based on IMLS records for single family homes only.

The median sold price in June was $345,000;  the lowest sold house sold at $165,000 and the highest at $1.4M.

Currently we have 298 single family homes listed for sale in Boise.  The lowest listed price is $179,850 and the highest is $2.2M.  Click on the link below to search all Boise Idaho homes for sale - you can search by property type (single family homes, condos, townhomes, ranches, land) in Boise and all surrounding areas

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Posted in Market Updates
May 14, 2019

Avimor Boise Planned Community & Real Estate

Avimor Boise Community & Homes For Sale

Avimor in Boise is a planned community located on nearly 23,000 acres of beautiful foothills land. It's currently in the Phase 8 of the development.  Once it's completed, Avimor will comprise of several Villages connected by pathways and trails to make transportation by foot or bike. Within minutes of every home, residents will find neighborhood shops and offices. Amenities include a Community Center, swimming pool, fitness center, 7 parks, easy access to approx. 100 miles of hiking and equestrian trails as well as biking. As a result of thoughtful planning, most of the Avimor community is preserved as open space. Avimor is just minutes away from Downtown Eagle or Boise and close to medical centers, retail, dining, and entertainment. At the same time, residents can enjoy wide open spaces, easy access to recreational activities, such as biking, hiking, tennis, gold, skiing, rafting and more...

Search Avimor Homes For Sale

 

Avimor Boise location

 

Later this year, Spring Creek Brewery will open and start serving beer and pizza.  Businesses such as a bike shop, coffee shop, daycare, spa, are planned to open in the near future.

There are also plans to open a winery and tasting room, a school, storage facility, rodeo nearby (across Hwy 55).

New 55+ homes will be built in the coming years.

Avimor has a home for every budget and taste.  Call Krystyna Ryan at (208)918-5007 for more information. Check out our Relocation Magazine.

Boise relocation information guide

 

Avimor Photo Gallery

Avimor real estate

Avimor homes

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Avimor Boise community

Avimor house

Avimor Boise community center gym

Avimor Boise tennis courts

March 28, 2019

Heritage Grove 55+ Community in Meridian ID

Heritage Grove, Meridian Idaho 55+ Community

Heritage Grove 55+ Community Meridian Idaho

 

Heritage Grove is Boise's popular, gated 55+ community in Meridian. Heritage Grove consists of 116 single family homes. Homes range from 1,486 sq ft to 1,860 sq ft. Prices range $290,000-$350,000

Amenities include the multi-purpose community center, picnic area, walking and biking trails.  HOA covers lawn and snow maintenance, clubhouse, two large parks, walking paths, beautiful water feature, all less than 2 miles from the luxurious Village at Meridian. Downtown Boise is less than 20 minutes away.

Heritage Grove 55+ Meridian Clubhouse   Heritage Grove homes for sale 55+

Contact Krystyna Ryan at (208)918-5007 for more information and Free tour of available homes

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55+ Communities

 

March 20, 2019

CADENCE - Boise's Newest 55+ Community

Cadence 55+ Boise Meridian

Cadence is the new, still under construction, 55+ active adult community located in NW Meridian (at Chinden Blvd & Meridian Rd.).  This gated community is a collection of modern 196 single family homes is designed for active and maintenance free lifestyle with onsite fitness center, trails, recreation center, yoga studio, indoor pool and spa. Cadence is close to shopping, restaurants and only minutes drive to the vibrant Downtown Boise.  

If you're looking for a worry and maintenance free active lifestyle, close to all of Boise's attractions, including close proximity to skiing, hiking, golfing, kayaking, Cadence 55+ community is worth checking out.

Call Krystyna Ryan at (208)918-5007 or email greatboiseidahohomes@gmail.com for more info and showings.

Search Cadence 55+ Homes For Sale

View All Boise 55+ Communities

 

Cadence Meridian 55+ home Cadence 55+ new construction New 55+ home Cadence Meridian Cadence gated 55+ community

 

March 18, 2019

North Boise Real Estate Market Report - February '19

North Boise Real Estate Market Report - February 2019

market reportNorth Boise real estate market remains a seller's market. The available supply of homes for sale was 1.5 months in February which indicates a seller's market.  It is a great time to sell a home in North Boise.  

Contact us at (208)918-5007 for a Free home evaluation or click here to get an Instant Home Value Report delivered to your email.

Total of 21 homes sold in North Boise last month.  

The average selling prices was $487,454 which represents an increase of 0.7 percent over January.

The average DOM (days on market) was 30 days.

 

 

Call the North Boise real estate expert - Krystyna Ryan - (208)918-5007 to find out what your home is worth in today's market.

Real estate is "local" and home values vary from neighborhood to neighborhood.  Thus it's important to get a customized home value report for your particular property.  Contact us today to find out how you can maximize your equity.

free home evaluation - Boise

 

 

Posted in Market Updates
Feb. 18, 2019

Boise Real Estate Market Update

Number of homes listed for sale in January 2019 increased for the first time since October 2014 on the year-over-year basis in Boise. It was up by 5.7 percent compared to January 2018.

Despite this uptick in existing inventory, closed sales were down 6.1% year-over-year. The number of closed sales that are even possible was limited due to the fact we’ve had fewer and fewer existing homes to sell each month compared to buyer demand.

Despite this recent rise in existing inventory, overall closed sales were down 6.1% year-over-year. Looking at the existing/resale segment specifically, sales were down 18.4% from a year ago. The number of closed sales was hampered by the fact that there have been fewer and fewer existing homes to sell each month compared to buyer demand for over four years. 

In summary - Buyer demand for Boise real estate remains strong and it outweighs the inventory of available homes.

Please contact Krystyna Ryan at (208)918-5007 with any questions, current listings and/or your home evaluation in today's market.

Posted in Market Updates
Jan. 23, 2019

Boise ID Homes Sales Report for 2018

Boise homes sales were hampered by record low inventory in 2018. At the same time home prices jumped again and reached new records. Last year we also began to see the first signs that the market may be shifting back towards balance, and many economists forecast that this trend will continue thru 2019.

The average single family home price went up by 17% in Boise.  The median price went up by 18% and the number of sales decreased by 4%.

Here is the summary of Boise homes sales and prices in 2018 

  2018 2017
No. of Sales 5178 5403
Average Price $333,459 $285,115
All data is from IMLS for single family homes

Average Boise single family home price went up by 18% compared to previous year, median price increased. by 1

The substantial home price increases we affected by large number of new construction home sales that are usually priced higher. New construction sales made up more than 24% or 25% of the total sales in a given month, the overall median sales price was 12-14% higher than the previous year, on average. Since March 2018, every month of the year saw the share of new construction sales at or above that level, which had a major impact on the area’s overall median sales price. The median sales price for new homes has also been rising steadily, due to increasing costs of land, labor, and construction materials. 

Boise Idaho real estate market update

Posted in Market Updates
Jan. 11, 2019

Boise Real Estate Market Report 1/11/19

Boise Idaho Real Estate Market Update

Current median list price for Boise, ID is $389,900.  Boise continues to be sellers' market although we see signs of cooling off.  Inventory has hovered around 382

Median price per sq ft is $186; days on the market - 93. Most expensive house listed at $7.8M, least expensive at $100,000.

Median List Price (single family homes only)

Boise Idaho real estate market report

 

Real estate market is local with home prices changing from neighborhood to neighborhood or even from block to block. 

Contact us for your home evaluation.  Call (208)918-5007 or click below:

Boise Idaho home evaluation

 

Posted in Market Updates
Dec. 6, 2018

Why Is Boise Real Estate Attractive to Californians?


Boise Idaho Boise, Idaho is increasingly becoming a favorite destination for Californians looking for an affordable place to make home. Boise Metro area is the fastest growing metro area in the country, according to Forbes.

Many Californians are selling their pricey California properties and exchanging them for more affordable Boise homes. Real estate savings combined with lower taxes and leaving California for Idahooverall lower cost of living make Boise very attractive to people moving from California.

However, this phenomenon is not just about money. People who moved here from California, enjoy the lifestyle, good schools, mild climate. The high cost of living in California, requiring both parents to work thus often preventing people from spending  valuable time with family. This family friendly environment in Boise is among the biggest priorities of people relocating to Boise and surrounding areas.

Many entrepreneurs find their home in Boise since they are often able to work and conduct their business remotely. Boise Idaho has a business friendly environment with low taxes and wages.  It's easier to attract qualified employees here, compared to California, where high cost of living and taxes are cost prohibitive to potential employees from out of state.

Boise real estate offers a variety of housing options, from carefree modern downtown lofts to beautiful estates or
ranches.


Boise is very popular among 55+ active adults and retirees. They are probably the largest group of latest Boise newcomers. Beautiful and affordable 55+ communities attract retirees from California.

Boise climate with sunny summers and mild winters is also a major consideration for the Californians. 

The combination of low cost of living, mild climate, good schools, family values, bustling city and great outdoors, make Boise a great destination for Californians wanting to move and relocate to Boise Idaho.

 

 

 

Contact us anytime at (208)918-5007 with any questions. Sign up for Free property updates to familiarize yourself with Boise real estate.  Once you're ready we'll give you a free tour of Boise homes for sale.

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