Boise Idaho Real Estate - Look At The Numbers

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If you are looking to buy or sell a home in the Boise Idaho real estate market, there are some stats and numbers that you need to know before making the move. The following is a snapshot of the most recent activity in the Boise market which includes Ada county. This includes Meridian, Eagle, Kuna, Boise, and Star.

There are currently over 4,300 that are available on the Boise real estate market which does not include any homes that are listed by non-MLS brokers or for sale by owners. Of the available homes, over 2,300 are currently listed as vacant which is over 50%. When no one is living in a home, you can usually get them to come off of their price a bit more. The average asking price is $311,000 and the median asking price is $237,884

Pending Sales With Accepted Offer in the Boise real estate market: 488 Average Asking Price: $248,711 Median Asking Price: $202,711

Closed Sales Last Year At This Time # Closed: 422 Average Sales Price: $259,688 Median Sales Price: $212,422

Closed Sales - Last Month # Closed: 299 % Change: -33.7%

Average Sales Price: $232,411 % Change: -7.2%

Median Sales Price: $190,000 % Change: -12.9%

As you can see by the numbers, you are in a much better position to buy this year than last as there is more inventory and the sales price has dropped. With unbelievable interest rates, the Boise real estate market is going to be too tempting to pass up for many buyers.

If you are in the unfortunate position of trying to sell your Boise home, you might be in for more of a loss that you thought or you may have a long wait ahead. The good news that if you are looking to move within the Boise real estate market, or most anywhere else in the US you can strike a good buy on the other side of things to help make up for any losses that you might have when you sell. This can be especially good when you are moving up to a more expensive house. The more expensive areas and homes have taken a bigger hit in values in most areas in percentage of drop and dollar value.

Don't be one of the people that make the mistake of waiting until the market is good to buy. A savvy buyer should want to buy the best investments on the market? Then purchase your investments when the supply is high and price is low. It is the old supply vs. demand principle.


About the Author:
Ben Janke of Vizions Real Estate in Boise has written a book on the secrets of the Boise real estate market that you can download for free. Go to
boise real estate
to get your copy today while supplies last.



Article Originally Published On: http://www.articlesnatch.com


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