Current News and Research (Feb. 2010)
Right now is a great time to buy real estate in Boise. There is a wealth of short sales and bank owned properties on the market. Currently there are 2,993 homes for sale in Idaho and the average price is $174,488. 
Out of those 2,993 homes, 1,965 are foreclosures. The average price on foreclosures is $145,883. According to Trulia.com, the average price per square foot for Boise ID was $109, a decrease of 7.6% compared to the same period last year. The median sales price for homes in Boise ID for Sep 09 to Nov 09 was $146,664 based on 52 home sales. Compared to the same period one year ago, the median home sales price decreased 13.5%, or $22,822, and the number of home sales increased 62.5%. Another factor to consider is that the first time home buyers tax credit is scheduled to end this spring, so there’s some motivation for you!
If you’re looking into selling your home, the key to doing it right in today’s market, is finding an optimistic realtor who is aware of the current real estate situation. Even though most people right now have a negative outlook on the economy, it doesn’t mean you can’t sell your home. If you take a more proactive, realistic approach to the market, you will have a much greater chance of selling. The key to doing this is to price your home at today’s market value. Call Todd to set up an appointment and he can have a comparative market analysis specifically customized to your address ready for you to see. Then you can get started with the process of putting your home on the market. Todd will continually keep you updated on market changes, activity on your home and others that are for sale in the neighborhood. His marketing plan will expose your home to prospective buyers through multiple venues which is paramount for getting your home on the fast track to sell.
Check out our “did you know” section for more research about the Boise area’s population, economy and more.
