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Boise, ID-Boise Real Estate has seen an overall decrease median price this year–good news for affordability and stability. Year to date, the median home price in Ada County is down 7% or to $155,000; Just about where we were in 2004 before the big median value run up.
Boise Home are Sales Up
For the same time frame however, our sales are up overall by 7% to 5,367 homes sold. It’s gonna be a close one to beat 2009 numbers, but we’ll see once those stats show up.
What’s this mean to you?
Buyers:
- Affordability
- Selection could be limited depending upon location
- If you see the one you want, don’t wait, someone will buy it if you don’t. That’s a guarantee!
Sellers:
- Less* competition in the market
- Pricing stable but remains competitive
- Get your price down to your lowest threshold and hold firm, you’ll get an offer… if not 2 (or more)
Stay tuned for a 2010 end of year report and a look back into a decade of Boise Real Estate home values.
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Hey! Great article you’re the best!
Great article with good facts. As a real estate agent myself I love to search the web for meaningful articles that are useful to me. I have subscribed to your RSS feed.
You can check out my article on Short Sales at http://thehelpprogram.com/buying-a-short-sale-vs-an-reo-property if you would like to read about short sales vs. REO here in Boise.
Great article and nice job of breaking it down for the consumer.
Hey Aaron,
What’s up? No blog posts yet this year? Hope you start posting again. How is business going?
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