by Phil Hoover, Real Estate Broker

Boise Home Sales: This Year vs. Last Year

Here’s a year-over-year comparison of 1st Quarter Boise real estate market activity.

Boise Homes: Closed Sales

  • 2013: 1,447
  • 2014: 1,466
  • % Change: +1.3%

Boise Homes: Average Sales Price

  • 2013: $216,812
  • 2014: 234,036
  • % Change: +7.9%

Boise Homes: Median Sales Price

  • 2013: $184,000
  • 2014: $202,700
  • % Change: +10.2%

Data pertains to Ada County single-family homes on lot or acreage.

Data does not include condo or townhome properties.


April 24th, 2014 Posted in Boise Market Stats | Print This Post Print This Post | No Comments »

Bristol Heights Subdivision in Boise, Idaho – Market Snapshot

Bristol Heights Entry

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

Bristol Heights Listings

  • # Available: 2
  • Average Asking Price: $299,750
  • Median Asking Price: $299,750
  • Months’ Supply: .80

Bristol Heights Pending Sales

  • # Pending: 4
  • Average Asking Price: $186,075
  • Median Asking Price: $185,950

Bristol Heights Closed – Past 12 Months

  • # Closed: 27
  • Average Sales Price: $217,744
  • Median Sales Price: $219,500
  • # Short Sales: 2
  • # REO Sales: 1

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


April 23rd, 2014 Posted in Boise Market Stats | Print This Post Print This Post | No Comments »

Boise Home Sellers: The Sale After You Sell

Many (most?) sellers heave a sigh of relief when they achieve an accepted offer and their listing agent proudly installs a SOLD rider on their sign.

What they don’t realize is that they will probably have to negotiate a second sale; the sale after the home inspection.

Home inspections almost always reveal some issues needing repairs.

Sometimes those issues are minor, but they can also be significant ~ like water in the crawlspace, a worn-out roof, or a HVAC system that is beyond its useful life.

Those repairs usually must be negotiated between buyer and seller and if the seller refuses to make repairs requested by the buyer, the deal can collapse.

It’s somewhat rare for a sale to fall through due to repair issues, but it can happen.

That’s why sellers need to understand that negotiating inspection repairs is the second sale when they sell their home.


April 22nd, 2014 Posted in Seller Stuff | Print This Post Print This Post | No Comments »

Idaho Unemployment Rate Drops Again

We’re putting people back to work in Idaho!

Idaho’s unemployment dropped to 5.2% in March, the lowest rate in the past  5½ years.

Much of the drop can be attributed to our robust construction industry with residential and commercial construction sprouting all around the Treasure Valley.

The national unemployment rates was 6.7% in March.

Idaho’s unemployment rate has remained below the national unemployment rate for the past 12 years.


April 21st, 2014 Posted in About Our Area, Uncategorized | Print This Post Print This Post | No Comments »

My German Shepherd Easter Bunnies!

Easter 2014

Easter 2014

Easter 2014


April 20th, 2014 Posted in A Day In My Life | Print This Post Print This Post | No Comments »
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