Boise Real Estate Blog

by Phil Hoover, Real Estate Broker

Entries in Idaho Real Estate (337)

New Reality TV Show - "Flip This Agent"

I have an idea for a new TV reality show.

We could call it “Flip This Agent”.

This exciting new cable show would be based upon sellers who re-list their home with one agent after another when it doesn’t sell.

When a home doesn’t sell, it usually isn’t the listing agent’s fault.

It’s true that an agent needs to be diligent, return phone calls, and do a good job of marketing.

But, in the end, flipping agents is rarely a good solution.

If you’re home isn’t selling, take a long look at your price and property condition and do what’s necessary to meet the current market.

Properly-priced homes in good showing condition are still selling.

In fact, they’re the only ones that are selling! Psychotic.

Buying A Home In 2005 Was Like An Arranged Marriage

I keep running into people who are longing for the “good old days” of 2005 (mostly sellers).

Remember?

Back when sellers could whisper to someone (anyone!) that they were thinking of selling, then have half a dozen offers above their (already high) asking price?

Obviously, those days are long gone.

Well, I’m here to tell you those weren’t the good old days.

If you bought a home in 2005, it was like an arranged marriage.

You ended up with something you weren’t sure you wanted and weren’t sure you loved.

Yeah, I know ~ let’s not even go there with the “until death do you part” thing, right? Crying.

Today's Boise Real Estate Market

It’s human nature to wish for what we don’t have.

Lots of real estate agents are wishing for a better market these days.

Ya know what?

Wishin and a hopin ain’t gonna change anything!

The market we have is the market we have!

And, this is probably how it’s gonna be for a long time.

The truth is that people are still buying and selling homes in the Boise area.

500-600 people are buying homes every month in the Boise real estate market.

Those buyers are moving here, moving up to a nicer home, buying their first home, etc.

They are real buyers who are serious about buying a home.

Some agents are prospering in this market because they are working instead of whining about how bad things are.

The rest are now part-timers or have left real estate altogether.

Which kind of agent do you want to work with?

Clue: I am a full-time professional who still loves helping serious buyers and sellers after 36 years in the real estate profession.

Traffic Congestion Snarls The Boise River

It never fails.

You’re speeding down the river of life and someone pulls out in front of you.

Such was life on the Boise River today Crying.

Boise%20River-450X338.jpg 

Lazy day here ~ 95 degrees, bright blue skies, no humidity, light breeze, and delicious cool shade on the Boise River Greenbelt.

Everything perfect, except for the darned traffic!

Okay, so I admit it ~ I took the day off and hiked the greenbelt with Sarro (my German Shepherd) for 5 miles today.

Life is good in Boise!

Boise Real Estate's YTD Numbers

5,072 active listings.

2,442 YTD Closed Sales

  • $69,999 and under = 2
  • $70,000-$89,999 = 3
  • $90,000-$99,999 = 2
  • $100,000-$119,999 = 15         (.6%)
  • $120,000-$159,999 = 373      (15.3%)
  • $160,000-$199,999 = 697      (28.5%)
  • $200,000-$249,999 = 504    (20.6%)
  • $250,000-$299,999 = 301     (12.3%)
  • $300,000-$399,999 = 304    (12.4%)
  • $400,000-$499,999 = 122    (5.0%)
  • $500,000 and over = 119        (4.9%)

Data extracted from Intermountain MLS on 6/21/08 and pertains to Ada County single-family residences on lot/acreage. Data does not include condo or townhome properties.

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