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Idaho Real Estate 5 Year Snapshot of Prices in the Treasure Valley

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Written by Idaho Real Estate Marketer   

Idaho Real Estate 5 Year Snapshot of Prices in the Treasure Valley

Many consumers and real estate professionals alike, talk about a "Normal Market." I don't believe there is such a think as a normal market. The Idaho real estate market is always "ebbing and flowing." It is all relative to many things within the economy; supply and demand, job market, mortgage interest rates, new construction, etc.

Take a look at the average sales prices in the Treasure Valley over the past 5 year time frame.

 

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CONTEST ENTRY WIN $1,000

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Written by Idaho Real Estate   

Help me Celebrate!

Since beginning my Idaho Real Estate career in 1996, I have successfully closed 1000 transactions!

Idaho Real Estate Agent Closes 1000 Transactions

As a THANK YOU, I am giving away $1,000 in the form of a Visa Gift Card.

This milestone represents a lot of hard work, long hours and persistence in helping people buy and sell real estate throughout the Treasure Valley.

I am thankful and blessed to have worked with so many great families and individuals who allowed me to use my experience and skills to help accomplish their goals.

Enter Now

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Innovative Interiors Open House- Nampa

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Written by Administrator   

Innovative Interiors Nampa

Thursday, June 7th 2012  12:00pm - 6:30pm

FOOD

Come celebrate Nampa's Innovative Interiors, Inc. Grand Opening at their new location:

2071 12th Ave. Rd. Nampa, ID  83687  (Get Directions)

Custom Window Coverings & Blinds
  • Bedspreads
  • Carpet, Tile, Granite & Solid Surfaces
  • Custom Area Rugs
  • Consultation
  • Upholstery (Recovering & Built New)
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    Don Wixom of RE/Max Advantage to Speak to Nampa Chamber of Commerce About Idaho Real Estate Market

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    Written by Administrator   

    Don Wixom of RE/Max Advantage to Speak to Nampa Chamber of Commerce About Idaho Real Estate Market

    As part of the Nampa Chamber's Business and Breakfast series, Don Wixom REALTOR® will be speaking about the local real estate market.

    Online PR News – 11-April-2012 –BOISE, Ida. - RE/MAX Advantage Broker/Owner Don Wixom will be speaking on Thursday April 12th at 7:30 am at an event hosted by the Nampa Chamber of Commerce at the Hampton Inn and Suites in Nampa. The event is part of the monthly Nampa Chamber of Commerce Business and Breakfast series.

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    You Can't Buy 61% of Nampa Homes!

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    Written by Idaho Short Sale Specialist   

    61% of Nampa IdahoHomes are Tied Up as Short Sales

    When looking over the Nampa Idaho Real Estate market, the median price range is under $100,000. In this price category, 145 of the 238 "Active" Nampa homes have offers in place, waiting for third-party short sale approval from the seller's lenders! That's 61% of the market!

    That only leaves 93 houses in Nampa in this price range for buyers seeking a new Nampa home.

    When you consider 87 homes have sold each month in Nampa, in this price range, that is only 1 month supply of inventory!

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    44% of Boise Home Inventory is Tied Up!

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    Written by Idaho Short Sale Expert   

    44% of Boise Homes are Tied Up as Short Sales

    When looking over the Boise Idaho Real Estate market, the median price range is between $100,000 - $150,000. In this price category, 111 of the 255 "Active" Boise homes have offers in place, waiting for third-party short sale approval from the seller's lenders!  That's 44% of the market!

    That only leaves 144 houses in this price range to buyers seeking a new Boise home.

    When you consider 98 homes have sold each month in Boise, in this price range, that is only 1 1/2 months supply of inventory.

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    Meridian Idaho Homes

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    Written by Meridian Idaho Realtor   

    Homes For Sale in Meridian Idaho Meridian Idaho Real Estate

    Currently there are 486 single-family homes for sale in Meridian, Idaho.  Out of these homes showing "Active" in our Intermountain MLS, 132 of them currently have contingent short sale offers in place.

    This means 27% of the available Meridian Home inventory is actually tied up with accepted offers between buyer and seller and are waiting approval from a third-party lender.

    To search Meridian Homes for sale by price range, see below:

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    Top Idaho Real Estate Home Projects

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    Written by Idaho Real Estate   

    Idaho Real Estate Home Improvements 

    Choosing the right home improvement can be the difference in a low sales offer or a great sales offer! Idaho Real Estate Home Projects

    Some of the top recommended projects for Idaho real estate are replacing the front door and/or the garage doors, replacing exterior siding with fiber cement siding, minor kitchen remodels or adding a wood deck.

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    Custom Built Boise Home in the Hickories

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    Written by Administrator   

    11197 W Hickory Loop Dr.  Boise, ID 11197 Hickory Loop

    Don't miss this beautiful, custom-built home in the Hickories! 

    When looking for Boise 1 Level Homes, don't overlook this great Boise home!

    Idaho Real Estate at its best: 2640 SF all on one level! 3 Bed, 2.5 Baths, 3-Car Garage and separate living and family rooms!

    Formal dining and west-side nook. Gorgeous covered patio/deck facing the stream and greenbelt!

    Price reduced to to $259,000!

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    Boise Area Home Inventory Supply and Demand

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    Written by Idaho Real Estate   

    Supply and Demand is hard at work on Idaho Real Estate

    When calculating absorption rates for available inventory of Idaho real estate, we take the average number of homes sold each month over a period of time then divide that by the current available inventory, giving us the number of months of supply available.

    A typical market is about 6 months of supply. When inventory is over 6 months, it is considered a buyer's market. Anything under 6 months of supply is considered a seller's market.

    You can calculate this absorption rate in many price ranges and geographic areas. The graph below shows all price ranges in both Canyon County real estate and Ada County real estate by number of units.

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    Looking Back at Idaho Home Prices

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    Written by Idaho Home Prices   

    Average Idaho Home Prices- A Historic View

    Taking a look back over the past 10-11 years, we can see where Treasure Valley home prices have come and gone. With the bubble in the Idaho real estate market, prices peaked in 2007 and began to fall as rapidly as they went up.

    Looking at homes in the Boise area, including Canyon County homes sold and Ada County homes sold, we experienced nearly doubled values and then... a cut in half!

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    Horse Properties in Idaho

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    Written by Idaho Horse Properties   

    Horse Properties in Idaho

    Idaho is known not only for their famous potatoes, but also for people who love their horses!

    Idahoans love the great outdoors and horseback riding for pleasure is one of their favorite pastimes. Idaho Horse Properties

    Whether you are a horse enthusiast, an amateur horseman, a professional rodeo person or dressage connoisseur, Idaho has the environment for equine lovers of all levels!

    Snake River Stampede Rodeo

    Idaho Horse Park

    Horse properties in Idaho are not necessarily plentiful right now, but there are several properties that may be of interest to those who need anything from small pasture ground to large arena set-ups!

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    Homes For Sale in Boise by School District

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    Written by Idaho Real Estate   

    Idaho Real Estate website provides Easy Search Tool by School District  Idaho Schools

    If you are partial to a certain school for your child(ren) to attend, now you can easily search by school zone, whether it's elementary, middle school or high school, we have the entire Treasure Valley School list available for you to search for your next home!

    Search Idaho Real Estate by School District

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    Selling? See These 7 Home Staging Tips

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    Written by Idaho Real Estate Tips   

    Put Your Best Foot Forward When Selling Your Idaho Home Idaho Homes For Sale

    1. Begin with Basic Cleaning

    Before you can worry about where to place furniture and which wall hanging should go where, each room in your home must be spotless. Do a thorough cleaning right down to the nitpicky details like wiping down baseboards & light switch covers. Deep clean and deodorize carpets and window coverings. As you go through this process, you will see what items may need to go!

    2. Depersonalize & Remove all Clutter

    It’s more difficult for buyers to picture themselves in your home when they’re looking at your family photos, collectibles, and heirlooms. Pack up all your personal decorations. However, don’t make spaces like mantles and coffee and end tables barren. Leave three items of varying heights on each surface. For example, place a lamp, a small plant, and a book on an end table. Remove all items from the refrigerator door. The more surface area a buyer can see, the more clean and larger the house will feel.

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    7 Financial Tips for Idaho Home Owners

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    Written by Idaho Realtor   

    Idaho Realtor, Don Wixom with RE/MAX Advantage offers a few financial suggestions: Financial Tips from your Idaho Realtor

    1. Concerning debt- Begin paying off your consumer debt which holds the highest annual interest rate first.  This will save you valuable dollars that can be used to pay off other debt & you will quickly see the light at the end of the tunnel. Once one account is paid off, add that normal payment to the next highest interest bearing debt. This snowball effect can be very exciting once you see the results!

    2. Use less credit- Whenever possible, use cash for things such as eating out or impulse buys. If you determine NOT to use credit, you will be more disciplined to spend less and keep your cash.

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    10 Useful Tips Using Ziploc bags

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    Written by Idaho Real Estate Tips   

    Many of my Idaho real estate clients have commented on how much they enjoy receiving my monthly postcard mailers with household tips & ideas. They are fun and interesting!

    Idaho Real Estate Household Tips Idaho Real Estate Tips

    You can organize, protect and store many items large and small with

    different sizes of Ziploc™ bags…here are a few suggestions.

    1. Fill up bags with homemade soup and then lay them flat in the

    freezer. By stacking them flat, it will save freezer space.

    2. To protect breakable cargo if you have no bubble wrap, slip a straw

    into the top of a nearly closed Ziploc™ bag and inflate. Remove the

    straw and seal.

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    10 Useful Tips Using WD40

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    Written by Idaho Real Estate Tips   

    Many of my Idaho real estate clients have commented on how much they enjoy receiving my monthly postcard mailers with household tips & ideas. They are fun and interesting!  

    WD-40 is the trademark of a widely used penetrating oil spray. Idaho Real Estate Tips

     It was developed in 1953 to eliminate water and prevent corrosion on electrical

    circuitry. It also has many household uses.

    1. Lubricate squeaky door hinges in your house and on your vehicle

    doors.

    2. Remove scuff and tar marks on linoleum and tile.

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    10 Useful Tips Using Vinegar

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    Written by Idaho Real Estate Tips   

    Vinegar (from Old French vinaigre "sour wine") is a sour liquid made from the oxidation Idaho Real Estate Tips

    of ethanol in wine, cider, beer, or the like. Vinegar is typically three to five percent by volume

    acetic acid, and natural vinegars also contain smaller amounts of tartaric acid, citric

    acid, and others.

    1. Make vinegar ice cubes to deodorize a garbage disposal by feeding them down the

    disposal. When done grinding, run cold water through the drain.

    2. Clean a dishwasher by running a cup of vinegar through an entire cycle to reduce

    soap buildup on the inner mechanisms and glassware.

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    10 Useful Tips Using Velcro

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    Written by Idaho Real Estate News   

    Georges de Mestral, a Swiss engineer, invented the hook-loop fastener in 1941. The idea Idaho Real Estate Tips

    came to him after he took a close look at the Burdock seeds which kept sticking to his clothes

    and his dog’s fur on their daily walk in the Alps, during the summer. He examined their

    condition and saw the possibility of binding two materials reversibly in a simple fashion.

    He developed the hook and loop fastener and submitted his idea for patent in 1951.

     De Mestral named his invention "VELCRO" after the French words velours, meaning ‘velvet,’

    and crochet, or ‘hook.’

    1. Stick several strips of Velcro™ to the wall and to the back of a lightweight frame to hang

    art or photos on a wall.

    2. Sew small pieces of Velcro™ between buttons to create a smooth surface to prevent a

    jacket or a blouse from gaping open.

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    10 Useful Tips Using Salt

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    Written by Idaho Real Estate Tips   

    Many of my Idaho real estate clients have commented on how much they enjoy receiving my monthly postcard mailers with household tips & ideas. They are fun and interesting!

    Salt has been used for many centuries. Idaho Real Estate Tips

    Other than used as a seasoning, here are a few practical ways to use salt.

    1. Clean drains. Using 1/2 cup of salt per every quart of hot water,

    pour the solution into the drain.

    2. Remove red-wine stains from your clothes. Stretch the fabric over a

    bowl, then cover the stain with salt, and then carefully pour boiling

    water over it.

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    10 Useful Tips Using Olive Oil

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    Written by Idaho Real Estate Tips   

    Olive oil has been around for thousands of years and has been used in cooking, and cosmetics. Idaho Real Estate Tips

    It continues to be popular today for many household hints.

    Many of my Idaho real estate clients have commented on how much they enjoy receiving my monthly postcard mailers with household tips & ideas. They are fun and interesting!

    1. Apply a small amount of olive oil to your nail beds to moisturize

    cuticles.

    2. Rub a thin layer of olive oil over your skin after a shower or a waxing

    to treat dry skin.

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    How Has the Idaho Real Estate Market Changed in the Last 3 Years?

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    Written by Idaho Real Estate   

    With a roller-coaster type of housing market within the past few years, buyers and sellers of Idaho real estate are curious to know what is changing.

    Overall, I believe people are tired of hearing the bad news & have started to move on with their lives. Houses in the Boise, Nampa area are more affordable now than they have been in decades!

    With pent-up demand from Idaho home buyers, inventory is low and we are seeing an "up-tick" in housing prices across the Treasure Valley and the Boise real estate market.

    Take a look at the recent changes in number of homes sold, new construction and average home price changes:

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    10 Useful Tips Using Newspapers

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    Written by Idaho Real Estate Tips   

    Newspaper is a very absorbent product, because it has to absorb ink.  Idaho Real Estate Tips

    That also means it can absorb all sorts of moisture, including moisture and the

    resulting odors found in shoes, in vegetable drawers, and elsewhere.

    Many of my Idaho real estate clients have commented on how much they enjoy receiving my monthly postcard mailers with household tips & ideas. They are fun and interesting!

    1. Stuff a balled-up piece of newspaper into a lunch box or thermos, seal it

    and let it sit overnight to deodorize food containers.

    2. Ripen tomatoes by wrapping them up in newspaper individually and leave

    them out at room temperature.

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    10 Useful Tips Using Lemons

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    Written by Idaho Real Estate Tips   

    Many of my Idaho real estate clients have commented on how much they enjoy receiving my monthly postcard mailers with household tips & ideas. They are fun and interesting!   

    Lemons are known for their many uses in flavoring the food we eat,  Idaho Real Estate Tips

    as a garnish, and for many other household purposes.

    1. Fill a glass bowl with lemons for a sunny cheerful centerpiece.

    2. Relieve a sore throat. Add the juice of one lemon to an equal amount

    of hot water for an anti-bacterial gargle and use three times a day.

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    10 Useful Tips Using Duct Tape

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    Written by Idaho Real Estate Tips   

    Duct tape is a strong, fabric-based, multi-purpose pressure-sensitive adhesive tape. Idaho Real Estate Tips

    It is generally silver in color, but many other colors and transparent

    tapes have recently become available. It was originally developed in 1942

    during World War II as a waterproof sealing tape for ammunition cases.

    Many of my Idaho real estate clients have commented on how much they enjoy receiving my monthly postcard mailers with household tips & ideas. They are fun and interesting!

    1. By wrapping a piece of duct tape around your hand with the sticky

    side out, you can use it to remove lint or hair from your clothing.

    2. To keep a half-finished bag of chips or pretzels fresh, fold up the

    top and seal it tight with a piece of duct tape.

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