Boise Idaho Home Sales – March 2019

Boise Idaho Home Sales Activity For March 2019

Boise Idaho Home Sales

Boise Idaho Homes For Sale

Boise ID Pending Sales

  • # Pending: 1,523
  • Average Asking Price: $416,907
  • Median Asking Price: $361,900

Closed Boise ID Home Sales – March 2018

  • # Closed: 901
  • Average Sales Price: $346,790
  • Median Sales Price: $306,200

Closed Boise ID Home Sales – March 2019

  • # Closed: 836
    % Change: -7.2%
  • Average Sales Price: $384,530
    % Change: +10.9%
  • Median Sales Price: $336,126
    % Change: +9.8%

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Data extracted from Intermountain MLS on 4/5/19 and pertains to Boise Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

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

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What Does BTVA Mean In Boise MLS Listings?

You’ve probably seen the term “BTVA” included in various Boise MLS listings!

BTVA

If you see a Boise MLS listing for a property like the one above, don’t be surprised if you see the term “BTVA” in the listing!

Although it almost sounds like a dirty word, it isn’t.

“BTVA” is Realtor® shorthand for “Buyer To Verify All”.

Placing “BTVA” in a listing is a thinly-veiled attempt by a listing agent to redirect responsibility for verifying all of the details of the property to the buyer.

It’s nothing less than a feeble attempt by the listing agent to avoid legal liability.

Most buyers who see that acronym don’t even know what “BTVA” means.

They also lack the knowledge and experience needed to verify all the details of a property.

That’s why you should hire your own buyer’s agent to represent you!

Call me at (208)938-5533 for experienced, skilled buyer representation!

A competent buyer’s agent will be able to research and confirm property details for you.

Your buyer’s agent will then become responsible for verifying the details of a property for you.

It’s important to understand that both sellers and listing agents are legally required to disclose all known material facts to buyers.

Non-disclosure of a known material fact can become a problem for both a seller and their agent.

I wouldn’t want to be a listing agent standing before a judge, explaining that I wasn’t responsible for inaccurate listing information because I inserted “BTVA” in my listing.

P.S. If you’re still wondering, I never use the term “BTVA” in my listings!

View All Boise Idaho Homes For Sale

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

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Boise Airport (BOI) Ranked #2 Most Relaxing

Boise Idaho Airport (BOI) named the second-most relaxing U.S. airport.

Boise Airport

The Travel Channel ranking was based upon the ease of getting through security, parking, food, drinks, cocktails, artwork, and other criteria.

It’s also interesting to note that BOI had the lowest number of flight delays and cancellations during the December 2018 holiday travel time.

If you’ve flown to or from the Boise ID airport, you know how smoothly everything operates while serving four million passengers a year.

Friendly Airport Security

Getting through the Boise Airport security is usually easy with just a few people in line ahead of you.

If you fly in/out of BOI regularly, you already appreciate our friendly TSA employees (no attitudes) who provide a good experience while going through security.

Some of my clients who fly frequently have even commented that they’ve gotten to know the airport’s security personnel on a first name basis.

Convenient Parking

Parking at the airport is convenient (and inexpensive!) with the parking garage located just a few steps from the terminal.

Unlike some other, larger airports with remote locations, the Boise ID Airport is located just minutes from downtown Boise, Meridian, Eagle, and other nearby destinations.

Dining

BOI also offers a number of outstanding options for dining, including Bardenay, 13thStreet Pub & Grill, Parilla Grill, Einstein Bros. Bagels, Smashburger, River City Coffee & Café, Cross Grain Brewhouse, and other eateries.

Airlines Serving BOI

  • Alaska Airlines
  • Allegiant Airlines
  • Delta Air Lines
  • Frontier Airlines
  • Southwest Airlines
  • United Airlines
  • Private air charter service is available from Gem Air and McCall Aviation.

Check out the Boise, Idaho Airport website for more information!

Check flight status updates here.

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

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Boise Homes For Sale: Our Spring Listing Inventory

Will we have enough Boise homes for sale this Spring?

Boise Homes For Sale

Based upon our current listing inventory, combined with continued strong sales activity, we can expect a severe shortage of listing inventory this Spring.

Last year’s Spring market, with a greater number of listings, spawned multiple-offer bidding wars across the Boise real estate market.

We’re probably in for more of the same this year.

Current Available Listings

As of today, we have only 554 resale homes for sale in Ada County.

We also have 365 completed new homes available.

That totals 919 existing homes for sale in the Boise real estate market.

For buyers willing to wait for a home to be completed, we have 425 new homes under construction.

We also have 99 “To-Be-Built” homes, most of which will never be built.

Builders offer those homes to land “build jobs” without first starting construction.

We call those listings “phantom listing inventory”.

New Listings vs. Absorption

Our Ada County listing inventory is spread over 17 MLS areas and includes all price ranges.

It’s safe to assume that we’ll see additional listing inventory as we approach our Spring market.

That listing inventory will quickly be absorbed when more buyers emerge from hibernation in the next couple of months.

However, we’ve averaged 962 closed home sales per month in Ada County over the past 12 months.

With 919 existing homes for sale, we have less than one month’s supply of existing Boise homes for sale.

View All Boise Idaho Homes For Sale

When you factor in specific criteria for price, location, schools, floor plan, bedrooms, baths, garage size,  commuting, and other criteria, most buyers will have one or two homes to seriously consider.

Serious buyers soon realize they aren’t the only ones interested in those homes.

To illustrate our scarce listing inventory, let’s assume you want a single-level home in SE Boise.

As of this writing, there are 12 available homes matching those criteria.

If you want that home to be under $300,000, you have only three homes to consider.

Here’s How I Work With Buyers

Looking to buy a home this Spring?

  • You’ll enjoy my consultative approach with buyers.
  • No sales talk, no pressure, and no closing questions.
  • I’ll fully inform you and you’ll make your own decisions.
  • I work with a few clients at a time to ensure a high level of responsive service.
  • Think of me as your personal real estate consultant!
  • My extensive experience as a licensed broker is your assurance of a good buying experience.
  • Give me a call at (208)938-5533 or e-mail me and let’s get started!

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Footnotes:

  • Data pertains to Ada County single-family homes on lot or acreage.
  • Data does not include condo, townhome, or mobile home properties.
  • Data extracted from Intermountain MLS on 2/17/19
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Boise Idaho Home Sales – January 2019

Boise Idaho Home Sales Activity For January 2019

Boise Idaho Home Sales

Boise Idaho Homes For Sale

# Available: 1,369    Click here to view all homes for sale in Boise, ID
Average Asking Price: $488,814
Median Asking Price: $409,000
Months’ Supply: 1.4

Boise ID Pending Sales

# Pending: 1,236
Average Asking Price: $416,559
Median Asking Price: $360,624

Closed Boise ID Home Sales – January 2018

# Closed: 640
Average Sales Price: $329,484
Median Sales Price: $278,409

Closed Boise ID Home Sales – January 2019

# Closed: 586
% Change: -8.4%

Average Sales Price: $366,828
% Change: +11.3%

Median Sales Price: $314,245
% Change: +12.9%

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Data extracted from Intermountain MLS on 2/4/19 and pertains to Boise Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

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

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