Posts Tagged ‘Boise Real Estate’
Diversity and Variety are the keywords to describe Boise, Idaho. Finding the perfect Boise real estate is easy, however, the selection of where you want your new home might be a challenge.
Located in southwestern Idaho, less than an hour’s drive from Oregon, and about 100 miles north of Nevada, Boise real estate is plentiful and offers any lifestyle the comforts of home. Forbes magazine instills this point by calling Boise ‘one of the best places to live’ and one of the Hottest cities for entrepreneurs by Inc magazine. It was also voted the #1 Most secure places to live by Farmers Insurance.
Plenty of activities are available to owners of Boise real estate throughout their four distinct seasons. Beautiful summers offer fishing, swimming and rafting at the Boise River, while the splendid winters include cross-country and downhill skiing, snowboarding and snow tubing at places like the Bogus Basin Mountain Resort. The spring and Fall seasons offer many annual events such as a trek to the Hyde Park Street Fair in Boise’s North End neighborhood or see the wildlife of the world on exhibit at the Julia Davis Park Zoo, featuring over 200 exotic animals including the lions and giraffes in the newly opened African Habitat.
If choosing Boise real estate near the downtown, you will have at your disposal a cultural center that is home to many small businesses, complete with a multitude of shopping and dining choices.
If tree-lined drives and quiet neighborhoods are your choice, you may want to look at some of the older homes in the Boise real estate market of the North End. Near to the downtown, yet removed from the hustle and bustle, this area was proclaimed one of America’s 10 best neighborhoods by the American Planning Association.
You can choose from Boise real estate’s prime areas in the Warm Springs Ave neighborhood. Victorian homes built by many of Boise’s most prominent residents in the early 20th century, these homes are some of the largest and most expensive in the area. All centered around a natural hot spring and tree-lined streets.
Enjoy the nightlife by checking in to Boise real estate near 8th street. This pedestrian-zone neighborhood offers plenty of street cafes and restaurants as well as clubs and activities for a great night on the town.
Of course if the suburbs are more appealing, consider the Boise real estate offerings to the southwest of the city. These sparsely populated areas include plots as large as one acre, and occasionally a farmhouse and pasture. It is possible to have country living right near the city life.
Whichever your choice, Boise real estate has the convenience of offering many options for virtually any lifestyle and any personality
In the Boise real estate market there is a good chance that you can get some really great deals, but there is always a chance that you can get burned as well. If you know the numbers and trends in the market, you can prevent a loss of equity.
Not including the surrounding cities like Nampa, Caldwell, and Star, there are 4,894 homes that are active and over 2518 of them are vacant. That means that there are about 50% of the homes that are on the market and vacant. That is great for buyers because that usually means that the owners of the vacant homes will be more likely to negotiate on the price of the home. An occupied home will typically sell for higher than a vacant home because of this fact and occupied homes tend to sell higher because of the “staging” of the home.
At the average price of $280,250, there are 638 homes that have an offer on them but have not yet closed. That is a pretty high average compared to the yearly stats for sold prices in Boise.
There has been 425 homes that have successfully sold in the past month as well with an average sales price $282,588. That number is down about 25% from last year at this time. When you look at the supply vs. demand, the buying deals are even better than last year. This trend is pretty consistent through the Treasure Valley market.
If you have a good and experienced buyer’s agent on your team, you can make sure to get the most bang for your buck and you can feel good about your purchase.
Take for example, a home that was recently on the market that was listed initially for 1.1 million with the owner and now is listed at $400.000 in an excellent subdivision on a golf course. If you are patient, you can find these deals in the market. There are some excellent purchases available and this is just an example of one.
Chances are that if you are looking for a home that is $200,000 or so, you can find it for 170k or so depending on the bank and what they are willing to part with.
To take advantage of these great deals, make sure that you employ an experienced buyer’s agent that can walk you through the process on these homes. Happy House Hunting!
The Boise real estate market has been a great investment during the last years and it seems like the numbers are getting low enough to begin to lure stockholders back.
Some areas of the Boise real estate market are holding value better than others.
The Southeast Boise real estate market is doing pretty well considering the times and if you’re looking to buy in the SE Boise area, you most likely will not get almost as good of a deal as you would if you were to go more to the west.
Homes that are closer to the Downtown area are keeping their values to a higher degree. Location, location, location is what you mostly hear with the Boise real estate market, and it truly comes into play in there down market times. So, you may not quite get the deals that you may expect if you would like to buy in NE Boise or N. Boise.
Now let’s rap about the really good areas to buy if you would like a deal. W. Meridian, Idaho is a place that you can discover some great buys that are still in a convenient location. There’s a ton of new construction there that is sitting empty and homes that are going to foreclosure. Some great deals will be in subdivisions like Supreme , Lochsa Falls, and Bridgetower Subdivisions.
The Star and Middleton, which area about 10 miles east of the first market are truly ripe for the picking. Due to these towns being out of the way a bit and a large amount of new construction that is vacant, you’ll be able to find some glorious buys here. For instance, I latterly showed a home that was on the marketplace for 1.1 million that are on the marketplace for less than 500k, and homes that were originally 400k that you might pick up for 250k-300k.
Foreclosed (bank owned or R.E.O.) are bounteous, however plenty of them require investing in repairs, new carpet, paint, and general rehabilitation. Some are left in exceptional condition and others are missing all fixtures and smell like pet urine. The interest rates are joined with lower home costs. On Fri. some banks were offering 5.25% for typical purchases. A great rating for your credit is over 720 and if you put down twenty p.c. You’ll be getting the better rates.
There is financing available out there. The options are less engaging for investment purchase and refinance, but I found a bank that is offering fantastic deals. You can even find 100% loans still out there, but 95% is more typical!! You may also call it the rural development or R.D. and this loan is a federally secured loan. These loans are available for properties in Kuna, Star, and Middleton. Also, still available but not sure for how long is IFHA one hundred percent financing for folks with good credit.
The program is called “Good Credit Rewards.” FHA financing is available with a 3.5% down payment which is an achievable goad. If you have yet to purchase and are waiting on the sidelines, it will probably be a good time for many months to come. If you are looking to buy something in the Boise real estate market from Boise to Caldwell, it is crucial that you understand the numbers and have an experienced agent at your side.
The Boise real estate market has taken a hit just like every other market in the country, but there still has to be people that have to move and people that have to sell. Then there are the people that want to buy or sell because they just can’t pass up the great deals that are out there.
Some areas of the Boise real estate market are holding value better than others.
The Southeast Boise real estate market is doing pretty well considering the times and if you are looking to buy in the SE Boise area, you probably will not get quite as good of a deal as you would if you were to go more to the west.
The other areas that are close to downtown Boise are holding up pretty well too. Location, location, location is what you always hear with the Boise real estate market, and it really comes into play in there down market times. If you are looking to live in the Northeast Boise or North Boise you might not get quite as good of a deal. Boise.
If you are really looking to purchase and get a great buy. If you want a great deal in a great location, look at West Meridian. There is a ton of new construction there that is sitting empty and homes that are going to foreclosure. Some great deals will be in subdivisions like Paramount, Lochsa Falls, and Bridgetower Subdivisions.
The Star and Middleton, which area about 10 miles east of the primary market are really ripe for the picking. Because of these cities being out of the way a bit and a lot of new construction that is vacant, you can find some excellent buys here. There are homes that were originally listed for 1.1 million that are on the market for less than 500k, and homes that were originally 400k that you could pick up for 250k-300k.
Foreclosed (bank owned or R.E.O.)are abundant, but you will find that many of them require that you make some improvements such such as the usual touch up and sometimes some carpet. Some are left in exceptional condition and others are missing all fixtures and smell like pet pee. Interest rates are amazing right now. On Friday some banks were offering 5.25% for conventional purchases. A great rating for your credit is over 720 and if you put down 20% you will be getting the better rates.
There is financing available out there. The options are less attractive for investment purchase and refinance, but I found a bank that is offering amazing deals. You can even find 100% loans still out there, but 95% is more typical!! It’s called Rural Development or R.D. and this loan is a federally secured loan. These loans are available for properties in Kuna, Star, and Middleton. Also, still available but not sure for how long is IFHA 100% financing for people with good credit.
The program is called “Good Credit Rewards.” FHA financing is available with a 3.5% down payment which is an achievable goad. If you have yet to purchase and are waiting on the sidelines, it will probably be a good time for many months to come. Whether you are going to buy in Boise, Eagle, Meridian, Nampa, or somewhere else, make sure that you have all the information on the market that you need to make the right decision.