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February 2009 "Phriends Of Phil" Featured Business

This month’s featured business is my own personal dentist, Dr. Michael Shipp.

Dr. Shipp recently took over Richard Galloway’s practice and renamed it Bristol Heights Dental.

He’s located at 6085 N. Eagle Road, just South of the Eagle Road/Chinden intersection.

Mention my “Phriends Of Phil” special offer when you call Dr. Shipp at (208)938-9912 and get a free cleaning (a $78 value) when combined with patient exam/x-rays.

Check out “Phil’s Business Directory” (rotate your eyeballs to the right of this page) for other trusted, recommend businesses!

February 9th, 2009 Posted in Around Boise, Phriends Of Phil |

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January Boise Real Estate Sales By Price Range

Here’s a breakdown of January’s 244 closed sales in Ada County:

$69,999 and under = 1
$70,000 to $89,9999 = 3
$90,000 to $99,999 = 1
$100,000 to $119,999 = 11
$120,000 to $159,999 =64
$160,000 to $199,999 = 61
$200,000 to $249,999 = 45
$250,000 to $299,999 = 22
$300,000 to $399,999 = 20
$400,000 to $499,999 =8
500,000 and over =8

The bottom line?

76.2% of all closed homes sold for less than $250,000
85.2% of all closed homes sold for less than $300,000
93.4% of all closed homes sold for less than $400,000
96.7% of all closed homes sold for less than $500,000
There are 698 homes listed in Ada County above $400,000 now
There are 433 homes listed in Ada County above $500,000 now.

Data pertains to single-family residences on lot/acreage. Data does not include condo/townhome properties.

February 8th, 2009 Posted in Boise Market Stats |

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Working Boise Real Estate By Referral

As many of you know, I am an active member of the Buffini Coaching System and have my own personal real estate coach.

The Buffini program is all about working by referral and focuses on a high level of personal service and personal contact.

When my coach reviewed my 2008 performance at the beginning of this year, I was pleased to learn that 71% of my 2008 business came from referred and repeat clients.

One of my best referring clients has referred three new clients to me in the past couple of years.

And, my best repeat client has completed four transactions with me in the past few years.

Please keep me in mind if you know someone who would benefit from my exceptional service and 36+ years’ real estate experience.

I am never too busy to help you and your friends!

February 7th, 2009 Posted in Inside Real Estate |

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The Five Stages Of Seller Grief

This is a rerun of one of my earliest posts, first posted on 9/26/06, just 10 days after I went on the air with www.BoiseBlog.com.

It is even more relevant in today’s market!

Those of you familiar with the work of Elisabeth Kubler-Ross will recognize the parallels from her extensive research on grieving in the following post.

With great respect (and apologies) for Elisabeth Kubler-Ross, I have taken many liberties to correlate her research with the stages of grief many sellers experience in a declining market:

Kubler-Ross established Five Stages of Grief: (as experienced by sellers)

DENIAL

This can’t be happening ~ the market can’t possibly being going soft when I want to sell.
My home is the nicest home in my subdivision.
I know my home is worth more than the identical home that just sold down the street.
I am not going to give my home away.
I do not have to sell.
Geez ~ that first Realtor^® I spoke with about listing my home sure was negative!

ANGER

What’s wrong with all of those idiot Realtors^®?
What’s wrong with all of those stupid buyers who won’t look at my home?
Why doesn’t my Realtor^® get more people to look at my home?
Why do prospective buyers walk in and out of my home in five minutes?
Why have people pulled 400 flyers from the flyer box, yet no one looks at my home?
Why doesn’t someone just make an offer?
Why doesn’t my Realtor^® hold an open house every day of the week?
Why doesn’t my Realtor^® run a full-page ad of my home with me standing in the driveway?
I need to change Realtors^® and find one who is more “positive”!

BARGAINING

Please ~ just bring me an offer and I will negotiate!
Perhaps I should listen to my Realtor^® and reduce my price?
I promise to be good if someone will just buy my home before it goes into foreclosure.

DEPRESSION

No one is ever going to make an offer on my home.
If I had listened to my first Realtor^®, I could have sold my home for more than I will get now.
Maybe I need to reduce my asking price for the 4^th time.
I may be stuck here forever.

ACCEPTANCE

I am ready to swallow my pride and take a lower offer than the one I refused six months ago.
Please Lord; just bring me an offer so I can get out of here?
My first Realtor^® was right ~ a good price is the best marketing tool there is!

February 6th, 2009 Posted in About Boise, ID, Inside Real Estate |

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Boise, Idaho Real Estate Stats For January 2009

Here’s a snapshot of January’s real estate activity for Boise, Idaho (Ada County):

Available Homes
# Available: 3,938
# Vacant: 2,141
Vacant Percent: 54.4%
Average Asking Price: $311,607
Median Asking Price: $234,900

Pending Sales
# Pending: 560
Average Asking Price: $231,084
Median Asking Price: $190,000

Closed Sales – January 2008
# Closed: 327
Average Sales Price: $262,502
Median Sales Price: $220,000

Closed Sales – January 2009
# Closed: 246
% Change: -24.8%

Average Sales Price: $224,870
% Change: -14.3%

Median Sales Price: $181,800
% Change: -17.4%

Data taken from Intermountain MLS on 2/4/09 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.

February 5th, 2009 Posted in Boise Market Stats |

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