Boise Idaho Real Estate Blog

Living in Boise Idaho, Love Where You Live

I’ve grown up here. Having spent the majority of my life living in Boise, I’ve been witness to all the great things that have made Boise the standout city it is today.

A decade ago, Boise, Idaho could have been seen as small potatoes- yes, I know. Since then we’ve seen our area evolve into a place that’s not only livable but has become desirable and for good reason.

Time and time again, Boise tops numerous “Best of” lists. From one of the most livable cities, best places to move, and one of the best places to retire.

Boise is still so young and new—changing almost every day—and I don’t think it’s overstatement to suggest that our town represents everything that remains great about America: potential, youth, natural beauty, quality of life.…

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Real Estate Market Update December 2015

In December the Boise Real Estate Market saw an active holiday season, higher mortgage rates and fewer homes for sale. Major takeaways:

• The median list price deceased to $204,950
• The median home price decreased to $200,000
• Median days on market increased to 31 days
• Available homes for sale decreased to a 1.39 months supply
• Mortgage rates increased to 4.01 percent

Home Prices

The Boise median home price in December came in at $200,000. That’s a slight decline from the $202,450 we saw last month. Overall Boise real estate price trends remain strong. Overall At this time last year the median was $190,000.

Existing Home Sales

In the Boise, Idaho we saw a total of 345 homes sell. Last month there were 288 homes that were…

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Real Estate Market Update November 2015

As expected November brought higher home prices to the Boise Real Estate Market. Major takeaways:

• The median list price increased to $204,950
• The median home price increased to $202,450
• Median Days on market decreased to 17 days
• Available homes for sale are at decade lows
• Mortgage rates remain at historic lows

Note: We believe existing homes for sale are the best way to gauge current home prices and real estate market trends. New construction home prices are much more volatile and tend to exaggerate the numbers, particularly on a month to month basis.

Boise Home Prices

The Boise median home price in November came in at $202,450. This is an increase from the YTD median home price of $199,565 and October’s median price of…

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Homeowners’ Associations – Friend or Foe?

Common now more than ever are homeowner associations. Just in Idaho there are more than 3,000 homeowners’ associations. If you’ve ever found yourself touring adjoining neighborhoods, but one maybe looks more spruced up and well cared for versus the other? Chances are there might be a homeowner association involved.

Ever wonder why in some communities most of the houses are similar colors? Most likely a homeowner association. When looking at home for sale- an HOA can make or break the deal. It’s important to know how these associations work and understand what you’re signing up for when you buy that new home.

What is a Homeowners Association

A homeowners association is just that. When a developer begins building a new community, they usually…

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What's Going Up in Downtown Boise

The Downtown Boise skyline is undergoing a continuous change. To the dismay of photographers looking to get the best shot of downtown. Multiple cranes now dot the scene, bringing about exciting new projects. During the recession, like everything else plans and proposals all but ceased to exist. Since then, development has bounced back with a vengeance. In recent years the downtown area has become a hotbed for project proposals and new construction. From new convention spaces to multiple hotels, condos and apartments- there’s a little bit of everything going on. Here are the latest projects and updates on existing ones, going up in and around downtown.

Downtown Boise Newly Announced Developments

Two New Downtown Hotels by the Connector, Gardner…

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Boise Christmas Countdown Events

The seasons have officially changed here and now is the time of year that we see a change in decorations around town too! Boise is such a great place to be during the Holiday season and what better way to celebrate that by taking part in some of the Holiday fun around town. There isn’t a better way to kick off the festivities than by grabbing your coat and stopping by many of the Boise events happening soon to help get you in the Holiday spirit.

Boise Holiday Parade 2015 – Downtown Boise

Saturday, November 21st at 9:45am

For almost 70 years, The Holiday Parade is a Boise tradition and a source of pride for our community. Bring the family to this year’s parade to celebrate The Joy Of Giving with Grand Marshal Robert Krueger. The theme of this…

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10 Ways to Add Value to Your Home for Under $500

While it’s not necessary, or even feasible, to take on a full-blown remodel, there is still plenty you can do to add value to your home without breaking the bank. Many homeowners think they have to spend a lot of money to see a substantial difference and they really don’t. A couple hundred dollars on a few of the right things could increase the value of your house by thousands of dollars. Most of these at home projects can be completed over a weekend, go a long way toward adding value and all are under $500.

Value Begins at the Front Door

One of single best home improvements to increase the value of your home is a new front door. Despite being one of the best returns on investment, it’s also one of the most overlooked.

I see it all of the…

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Real Estate Market Update October 2015

A change in seasons has not brought a change in the Boise Housing Market. In the first quarter of this year we saw fewer homes for sale than we had seen in the past ten years. Not much has changed. For October and the third quarter of this year we are still seeing available homes for sale at a decade low.

Existing homes for sale are the best way to gauge current home prices and real estate market trends. New construction home prices are much more volatile and tend to exaggerate the numbers, particularly on a month to month basis.

Home Sales

In the Boise, Idaho we saw a total of 362 homes sell. Compared to September of this year, this is a decrease from the 371 homes that were sold. From this exact same time last year, in October of 2014 we…

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Rental Market Trends 2015 Q3

ADA County Rental Market Summary Q3 2015. Vacancy rates dropped 0.4% to finish the 3rd quarter of 2015 at 3.4%. This is a 0.9% increase from Q2 2014 when vacancies stood at 2.5%. The largest decrease in vacancy rates from last quarter were in Multifamily investment properties. Multifamily vacancies dropped from 4.5% to 3.3%. Single family vacancies increased 0.5% to 3.5%. This is the third quarter in a row we have seen single-family vacancies increase. Although vacancies are only 0.2% higher than the third quarter of 2014.

Overall rents increased 3.0% during the quarter. Rental rates increased slightly for single family rental homes, with an average of $22 to $1,276 from $1,254. There was a large increase of $82, in rental rates for multi-family homes,…

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Selling Your Home in the Fall? Good Idea

Today we wanted to work on debunking one of the most common myths in real estate – selling your home in the fall. Summer has come and gone. Maybe you have considered the idea of putting your home on the market but just didn’t get to it this summer. Most sellers will just shrug it off and wait again for spring and while a bulk of sellers will do just that – this is time to rethink your home selling strategy.

Sell My Home Now or Wait Until the Spring?

The real estate market doesn’t just come to a screeching halt once summers over and the buying does not stop. With all the technology at our fingertips, this allows buyers to literally shop for a home any time of day, and day of the year. When you think that Autumn weather would have a huge impact –…

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