by Phil Hoover, Real Estate Broker

Boise Homes For Sale: Why Listings Are Like Fruit

I wish I had a nickel for every time I’ve heard a seller say “You can always come down, but you can’t go up!”

The simple truth is that overpriced homes don’t sell unless you’re in a red hot seller’s market.

The Boise real estate market, while currently healthy, is not a red hot seller’s market in most price ranges.

A seller’s worst enemy is a long days on market time in MLS.

I know, because I currently have a listing that I took earlier this year after it was severely overpriced while listed with another agent for six months last year.

The home shows well, is located in a very desirable Eagle neighborhood, but remains unsold because buyers and buyer agents think there’s something wrong with it when they see the DOM (days on market) counter at 283 days.

The sweet spot for achieving a sale is within the first 30 days of listing.

New listings, especially those that are priced correctly and in good showing condition, create excitement.

That excitement goes away quickly if the property remains unsold.

Failing to sell within the first 30 days usually results in one or more price reductions.

Buyers and their agents view price reductions as a sign of weakness, which results in lower offers.

Listings are like fruit ~ they don’t get better with time.

It pays to price your home to sell quickly!


April 18th, 2014 Posted in Seller Stuff | Print This Post Print This Post | No Comments »

Hobble Creek Subdivision in Boise, Idaho – Market Snapshot

Hobble Creek

Here’s a look at Hobble Creek subdivision’s current listings, pending sales, and past year’s closed sales.

Hobble Creek Listings

  • # Available: 8
  • Average Asking Price: $309,825
  • Median Asking Price: $294,900
  • Months’ Supply: 5.0

Hobble Creek Pending Sales

  • # Pending: 1
  • Average Asking Price: $249,900
  • Median Asking Price: $249,900

Hobble Closed  - Past 12 Months

  • # Closed: 19
  • Average Sales Price: $252,347
  • Median Sales Price: $239,900
  • # Short Sales: 2
  • # REO Sales: None

Months’ supply = available listings divided by the past twelve months’ average monthly closed sales.


April 17th, 2014 Posted in Boise Market Stats | Print This Post Print This Post | No Comments »

Edie’s Home Is Already Sold!


 Sold Above The Asking Price In 3 Days!

I posted about my new listing for Edie’s home last Friday when I put it on the market.

It sold in 3 days, above the asking price, with multiple offers.

If you’re considering selling, give me a call at (208)938-5533 or e-mail me.

Let me show you how I can sell your home quickly for top dollar too!

Click Image To View Virtual Tour

Boise Home For Sale


April 16th, 2014 Posted in Seller Stuff | Print This Post Print This Post | No Comments »

Boise Area Irrigation Canals

The numerous irrigation canals throughout the Treasure Valley were originally constructed to bring irrigation water to the prairie areas to encourage settlement and farming.

Those farms have now been transformed into subdivisions that enjoy the abundant irrigation water for their landscaping.

It’s that time of year again when irrigation water begins to flow into the irrigation canals.

It’s nice to have an abundance of irrigation water for our lawns and crops, but those canals are dangerous with their slippery walls and swiftly moving water.

If someone falls in, it’s extremely difficult to get out.

We lose several people each year when they swim in irrigation canals or fall into them.

It’s best to avoid any type of activities near irrigation canals.

Educate your children and make sure they understand the dangers of playing near an irrigation canal.

It’s also a good idea to keep your dogs away from canals!


April 14th, 2014 Posted in About Our Area | Print This Post Print This Post | No Comments »

Thought of the Week – April 12, 2014


Methods are many; principles are few.

Methods always change; principles never do.


April 12th, 2014 Posted in Thought of the Week | Print This Post Print This Post | No Comments »
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