Boise Idaho Real Estate Blog - Lisa Kohl

Boise Home Sales Rise 35% As Mortgage Rates Increase

Total home sales in Boise for the month of November increased by almost 35% from the same month last year. 35% is a massive increase; the fact that it happened in November is even more astounding. While home prices typically hold steady during the fall months in the Boise, ID the number of homes sold usually drops.

Near record low levels of inventory in October encouraged last-minute shoppers off the sidelines, particularly for those that expected to move into a new home before the Holidays. Buyers that had been looking for an extra bedroom have been more likely to forgo that in exchange for a more budget-friendly price.

Despite the low supply of available Boise homes for sale, buyers have been benefiting from historically low mortgage interest rates.…

1943 Views, 0 Comments

7 Holiday Home Safety Tips: Don’t Get Burned by the Holidays!

As we cruise towards the Holiday Season here in Boise, calendars will soon be full of parties and celebrations. Many will take to the skies or the roadways to spend time with loved ones. No matter how you will be spending the holidays, we’ve put together a list of must haves and have-nots to keep you and your home from getting burned during this Holiday Season!

Protect Your Goods From Porch Pirates

Shopping online sure beats fighting crowds at the mall. More people are shopping online and having gifts and goodies delivered home more than ever before. Protect your loot from would be porch pirates by scheduling deliveries while home. In cases where that won’t work, opt to have a delivery signed for or ask a neighbor to keep an eye out once your…

2623 Views, 0 Comments

Real Estate Market Update October 2016

Boise Real Estate Market

The median sales price for homes in Boise from Oct 1st to Oct 31st is $229,900 based on 425 home sales. The average price per square foot for Boise is $144, an increase of 11.63% compared to the same time last year. October 2016 housing market summary:

• The median list price decreased to $229,999 in October (up 9.03% from 12 months ago)
• The median home price increased to $229,900 in October (up 9.94% from 12 months ago)
• Total home sales decreased to 420 in October (up 3.96% from 12 months ago)
• Median days on market decreased to 13 days in October (down 8 days from 12 months ago)
• Available homes for sale decreased to a 1.58 months supply in October (down 7.61% from 12 months ago)
• 30-year mortgage rates…

1757 Views, 0 Comments

Real Estate Market Update September 2016

Boise home prices are holding steady and are basically unchanged from April. Although the inventory of homes remains extremely low, and demand remains high, particularly below $200,000. Overall we are still very much in a seller's market. September 2016 housing market summary:

• The median list price increased to $230,000 in September (up 4.90% from 12 months ago)
• The median home price increased to $228,000 in September (up 5.92% from 12 months ago)
• Total home sales decreased to 470 in September (up 12.44% from 12 months ago)
• Median days on market increased to 15 days in September (down 6 days from 12 months ago)
• Available homes for sale decreased to a 1.70 months supply in September (down 10.53% from 12 months ago)
• 30-year mortgage…

1721 Views, 0 Comments

Real Estate Market Update August 2016

Boise home prices are holding steady and are basically unchanged from April. Although the inventory of homes remains extremely low, and demand remains high, particularly below $200,000. Overall we are still very much in a seller's market. August 2016 housing market summary:

• The median list price increased to $229,900 in August (up 6.98% from 12 months ago)
• The median home price decreased to $227,750 in August (up 8.36% from 12 months ago)
• Total home sales decreased to 508 in August (up 11.16% from 12 months ago)
• Median days on market increased to 14 days in August (down five days from 12 months ago)
• Available homes for sale increased to a 1.74 months supply in August (down 15% from 12 months ago)
• 30-year mortgage rates remained…

2093 Views, 0 Comments

Real Estate Market Update July 2016

Boise home prices are holding steady. Last month home sales hit a multi-year high and available homes for sale hit a multi-year low. Overall we are still very much in a seller's market. The inventory of homes remains extremely low, and demand remains high, particularly below $200,000. July 2016 housing market summary:

• The median list price decreased to $229,496 in July (up 9.36% from 12 months ago)
• The median home price decreased to $228,000 in July (up 8.62% from 12 months ago)
• Total home sales decreased to 533 in July (up 4.10% from 12 months ago)
• Median days on market remained unchanged at 8 days in July (down five days from 12 months ago)
• Available homes for sale increased to a 1.59 months supply in July (down 38% from 12 months…

1633 Views, 0 Comments

Real Estate Market Update June 2016

June brings a new record high for Boise home prices. Home sales hit a multi-year high in June. Available homes for sale hit a multi-year low. Overall we are still very much in a sellers market. The inventory of homes remains extremely low, and demand remains high. June housing market summary:

• The median list price increased to $239,000 in June (up 9.13% from 12 months ago)
• The median home price increased to $237,250 in June (up 8.58% from 12 months ago)
• Total home sales increased to 596 in June (up 5.49% from 12 months ago)
• Median days on market remained unchanged at 8 days in June (down five days from 12 months ago)
• Available homes for sale increased to a 1.48 months supply in June (down 38% from 12 months ago)
• Mortgage rates…

1794 Views, 0 Comments

Real Estate Boise Market Update May 2016

The higher level of available homes for sale in May kept home prices little changed from April. Overall we are still very much in a sellers market. The inventory of homes remains extremely low, and demand remains high. May Boise real estate summary:

• The median list price increased to $229,000 in May (up 9.05% from 12 months ago)
• The median home price increased to $227,522 in May (up 8.86% from 12 months ago)
• Total home sales increased to 513 in May (up 5.77% from 12 months ago)
• Median days on market increased to 8 days in May (unchanged 12 months ago)
• Available homes for sale increased to a 1.57 months supply in May (down 48% from 12 months ago)
• Mortgage rates decreased to 3.60% in May (down 0.24% from 12 months ago)

Local…

1735 Views, 0 Comments

Condo, Townhome or House – Advantages and Disadvantages

When it comes to buying a Boise home, some have visions of the quintessential single-family home, white picket fence and lush lawn. For others, that vision isn’t as appealing.

A condo or townhome, over a traditional single-family home, may be the best option when it comes to making your next purchase. Maybe spending weekends caring for a lawn and other home-related chores isn’t quite what you had in mind. Perhaps you crave a location that puts you close to all the things you love. Then here’s what you need to know about living in a condo or townhome.

What Type of Person Buys Condos and Townhomes?

There’s a simple way of describing living in a condo or townhome- lock it and leave. Let’s face it, people today are busier now than ever. Whether…

2757 Views, 0 Comments

Real Estate Boise Market Update April 2016

The current trend in April – higher home prices, low inventory of homes and extremely high demand. Boise real estate is more popular than ever. April housing market summary:

• The median list price increased to $229,450 (up 14.78% from last year)
• The median home price increased to $226,700 (up 13.35% from last year)
• Total home sales increased to 470 (up 12.71% from last year)
• Median days on market decreased to 7 days (down 50% from last year)
• Available homes for sale decreased to a 1.51 months supply (down 54% from last year)
• Mortgage rates decreased to 3.61 percent

Local Real Estate Markets in April

Caldwell, Idaho

• Median List Price $145,000
• Median Sold Price $144,900
• Days on Market 12
• Total Sold 111

…

1636 Views, 0 Comments