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.

Help me Celebrate!

Since beginning my Idaho Real Estate career in 1996, I have successfully closed 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.

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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.

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.

Idaho Real Estate Home Improvements 

Choosing the right home improvement can be the difference in a low sales offer or a great sales offer!

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.

Idaho Short Sale- What IRS Form do I use for forgiven debt?

Many Idaho home sellers were able to avoid foreclosure by going through the short sale process.

Often times, the short sale lender will issue the home seller a 1099-c form.  This information must be reported on your annual income tax return.

For most home owners who short sold their primary residence, this forgiven debt may be non-taxable. It is important to consult your tax professional or attorney for taxation issues.

The Debt Forgiveness Act of 2007 offers forgiveness of income tax for forgiven debt to most home owners. This Act was extended through the end of 2012. Though most home sellers may not have to pay taxes on the foregiven debt, there are exceptions.