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!

Oct. 19, 2019

Boise Real Estate Update - 3rd Qtr 2019

boise real estate update

Boise Idaho Real Estate Market Report - 3rd Qtr 2019

Boise Idaho real estate home prices recorded another increase in the 3rd Qtr 2019. The buyer demand for Boise homes for sale exceeded the available home supply, especially in the "first time buyer" entry level category. The new construction homes are in large part offered in "luxury" market thus not helping the affordability in Boise and Treasure Valley. Boise home prices rose by 12% on average last month when compared to the same period last year. The median sold price was $335,000 compared to $299,900 in the 3rd Qtr 2018 - 12 percent increase. The average sold price was $381,604 compared to $340,611 a year ago, 12% increase. The number of homes sales decreased by from 1492 to 1418.  Homes continued to sell quickly, many attracting multiple offers.  See below data for details:

  3rd Qtr 2019 3rd Qtr 2018 Difference
Number of sales 1418 1492  - 5
Avg sold price $381,604 $340,611 +12%
Avg DOM (days on market) 24 25 +16 days

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

Lowest sold single family home closed at $159,900 and the highest at $1.375M.

Currently we have 567 single family homes listed for sale in Boise.  The lowest listed price is $179,800 and the highest is $2.35M.  Click on the link below to search all Boise homes for sale - you can search by property type (single family homes, condos, townhomes, ranches, land) in Boise and all surrounding areas

Search All Boise Homes For Sale 

Search Boise Homes For Sale by Price

 
Under $200,000 $200,000-$300,000 $300,000-$400,000
$400,000-$500,000 $500,000-$600,000 $600,000-$700,000
$700,000-$800,000 $800,000-$900,000 $900,000-$1,000,000
Over $1M
Posted in Market Updates
Oct. 16, 2019

North Boise Real Estate Market Update - 3rd Qtr 2019

North Boise

How's North Boise real estate market? 

North Boise real estate market is characterized by low inventory in rising home prices.  Low inventory, which is the problem in all of Boise and Treasure Valley, keeps home prices high. Buyer demand picked up again because of lower interest rates.

In the 3rd Qtr 2019, 117 single family homes were sold in North Boise (MLS area 0100), compared with 138 a year ago. 

Average sold price was $501,030

Medium price was $451,000 compared to $442,500 = 2% increase y-o-y

Average DOM (days on market) was 24 days.

In the 3rd qtr, the lowest priced single family home sold at $199,500; the highest at $1.3M.

Contact Krystyna Ryan at (208)918-5007 for a personal tour of Boise homes for sale or to get a free home evaluation of your Boise home.

Search North Boise Homes For Sale

 

 

Posted in Market Updates
Oct. 15, 2019

Boise Real Estate Market Update - September 2019

Boise real estate market

Boise Idaho Real Estate Market Report - August 2019

Boise Idaho real estate home prices rose again in September '19. The buyer demand for Boise homes for sale exceeded the available home supply, especially in the "first time buyer" category in lower price ranges. The new construction homes are mostly offered in "luxury" market thus not helping the affordability in Boise and Treasure Valley. Boise home prices rose by 13% on average last month when compared to the same period last year. The median sold price was $335,000 compared to $300,000 in September 2018 - 13 percent increase. The average sold price was $379.815 compared to $335,375 a year ago, 13 percent increase. The number of homes sales decreased by from 421 to 409.  Homes stayed on the market a bit longer by.  See below data for details:

  September 2019 September 2018 Difference
Number of sales 409 421  - 12
Avg sold price $379,815 $335,375 +13%
Avg DOM (days on market) 23 7 +16 days

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

The average Boise sold price in August was $386,651 and $379,815 in September showing hot market but perhaps stabilizing.  We need more data to see the trend - stay tuned.

Lowest sold single family home closed at $175,000 and the highest at $1.375M.

Currently we have 560 single family homes listed for sale in Boise.  The lowest listed price is $179,800 and the highest is $2.35M.  Click on the link below to search all Boise homes for sale - you can search by property type (single family homes, condos, townhomes, ranches, land) in Boise and all surrounding areas

Search All Boise Homes For Sale 

Search Boise Homes For Sale by Price

 
Under $200,000 $200,000-$300,000 $300,000-$400,000
$400,000-$500,000 $500,000-$600,000 $600,000-$700,000
$700,000-$800,000 $800,000-$900,000 $900,000-$1,000,000
Over $1M
Posted in Market Updates
Oct. 4, 2019

Preparing Your House for Sale

selling your house

When selling your homes, always keep in mind that the first impressions count.

Here are a few steps to take when selling your home:

Repair everything you know of that's broken. Fix the running toilet, the closet doors that don't shut all the way, the hole in the fence, leaking roof. Basically repair all broker things you are aware of.

Clean the house. Hire a cleaning service to do a deep clean — the kind where they scrub the baseboards and toekicks and vacuum behind the refrigerator. Power wash the house and driveway. Make sure your landscape is spiffy, too: boxwoods trimmed, lawn mowed, flower beds weeded. Curb appeal matters.

Declutter. Tidying up is the way to sell your house. You need to bust the clutter and make your house look Insta-perfect. Clear the kitchen counters, pack up most of your books and all of your knickknacks and take them to a storage unit or donate them to charity. Cull your clothes and donate the ones you haven't worn in more than a year. Clean out the garage, tidy up the laundry room, organize the pantry. 

All this tidiness and organization signal to potential buyers that your house has been well cared for — and has plenty of room for all their clutter.

Depersonalize your space. Take you out of your home. Box up family photos, your great-grandma's heirloom quilt, your son's Matchbox car collection. It sounds sad, but it's how to sell your house. 

You want buyers to be able to see themselves and their things in the house. They can't do that if it feels like your house. Look at this as the first step in packing up to leave. Consider renting a storage unit for the stuff until you move.

Stage your house or condo. This is one step beyond the decluttering, depersonalizing, and cleaning. This is when you set up your house to show off its assets and downplay its weaknesses. It may mean moving furniture and making your house look as perfect as a photo in a new construction magazine.

Staged houses can sell faster and at a higher price. Staging a home is key if you've moved out and the house is empty. A professional stager will bring in décor and make your house attractive to buyers.

Some agents have stager they work with, or do it themselves. You can also hire a pro yourself, someone with top-flight design and décor skills.

Paint the interior of your house, especially walls that are an unusual color. You adore the purple in the bathroom. Buyers may not. Pick a neutral tone, like gray or beige.

Paint your house exterior, too, if there is worn or flaking paint, or if you painted the exterior an unconventional color that might turn off buyers.

If you're thinking about selling, contact us for a free consultation.  Call Krystyna Ryan at (208)918-5007 or fill out our contact form.

Posted in Home Selling
Oct. 3, 2019

Boise Real Estate Market Update - August 2019

boise real estate market

Boise Idaho Real Estate Market Report - August 2019

Boise Idaho real estate home prices rose again in August '19. The buyer demand for Boise homes for sale exceeded the available home supply, especially in the "first time buyer" category in lower price ranges. The new construction homes are mostly offered in "luxury" market so the affordability is still low in Boise and Treasure Valley. Boise home prices rose by 12% on average in August when compared to the same period last year. The median sold price was $337,500 compared to $299,900 in August 2018 - 13 percent increase. The number of homes sales decreased by 13 percent.  Homes stayed on the market longer by 1 day on average - quite an insignificant change.

  August 2019 August 2018 Difference (%)
Number of sales 479 541  -13%
Avg sold price $386,651 $345,707 +12%
Avg DOM (days on market) 20 19 +1 day

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

The average Boise sold price in July was $378,423 and $386,651 in August showing hot market and rising home prices in Boise;  lowest sold single family home closed at $159,000 and the highest at $1.3M.

Currently we have only 119 single family homes listed for sale in Boise.  The lowest listed price is $210,000 and the highest is $2.4M.  Click on the link below to search all Boise homes for sale - you can search by property type (single family homes, condos, townhomes, ranches, land) in Boise and all surrounding areas

Search All Boise Homes For Sale 

Search Boise Homes For Sale by Price

 
Under $200,000 $200,000-$300,000 $300,000-$400,000
$400,000-$500,000 $500,000-$600,000 $600,000-$700,000
$700,000-$800,000 $800,000-$900,000 $900,000-$1,000,000
Over $1M
Posted in Market Updates
Sept. 19, 2019

The Preserve Eagle Idaho

The Preserve in Eagle Idaho

The Preserve is located near the intersection of Linder Road and State Street in Eagle. With nature outside your front door, it is just minutes from quaint shops and dining in downtown Eagle. Enjoy Eagle Island State Park nearby and many recreational opportunities Boise and Idaho are known for.

The Preserve right now offers only a handful of newly constructed homes but, of course, there will be resale opportunities. Contact me if you'd like to explore the beautiful Preserve homes for sale.

View The Preserve Eagle Homes For Sale

The Preserve in Eagle Idaho

Sept. 13, 2019

Legacy Eagle Homes For Sale

Legacy Subdivision in Eagle Idaho

Today, we're featuring a wonderful new community in Eagle - Legacy.

Legacy is nestled perfectly between the Boise metro area and back country recreation. Legacy offers a park like setting with 39% open space, filled with water features, beautiful flora and abundant community facilities such as tennis courts, pool, gold practice course, soccer field. New homes are added to the community by several outstanding builders. Where you'd like a brand new home or a resale, we've got the right property for you.

Click below to view currently listed homes for sale at Legacy, Eagle. Contact us anytime to arrange a showing.

Search Legacy Eagle Homes For Sale

 

 

Legacy in Eagle Photo Gallery

 Legacy Eagle 

legacy eagle homes

 

 

 

 

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

Search New Homes in Boise Metro

 

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

Search All Boise Homes For Sale

Free Home Evaluation

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

Avimor home

Avimor Boise community

Avimor house

Avimor Boise community center gym

Avimor Boise tennis courts