As a Real Estate professional, we generally see trends before they make the Headlines. In fact, it is our numbers and activity that generally gets reported to the press. Be it good news or bad, real estate agents have a feel on the trends in the community.
I am seeing a positive trend for Boise in the home market. Inventories have steadily fallen month after month to levels not seen since the boom in 2005. Foreclosures, while still higher than we like have fallen off. Demand is slowly coming back which puts upward pressure on prices and availability. I am seeing more ‘multiple offers’ situations, more homes selling at or above asking price, new home construction permits rise and new first time buyers back in the market. Heck, finding a home anymore priced under $100,000 in good condition in Boise is virtually gone. With interest rates so low and home values dramatically reduced, not only are buyers back but investors. Yes, buyers are back!
A recent report indicates Boise, Idaho will see a roughly a 6% INCREASE in home values the first quarter of 2012 and neatly 7.5% in the second quarter of 2012. Why?
Boise is one of the few cities bucking the national trend. With a growing population, lower than the national average in unemployment, good education and a higher quality of life, Boise, Idaho is positioned well to emerge from this long down turn in 2012 ahead of the pack!
Come check us out… Or better yet, call me: IDAHO DAN to learn more about this fabulous community.