Top 10 Archaic Boise Real Estate Practices

The real estate profession clings to many outdated business practices.

Here are my  Top 10 Archaic Boise Real Estate Practices:

10)   Office tour.
9)     MLS tour.
8)     Itty-bitty print ads that say “Hurry, this one won’t last!”
7)     Real estate magazine ads.
6)     Full graphics on an agent’s SUV, bragging that they’re #1 and have the biggest team.
5)     Bus bench ads.
4)     Grocery store shopping cart ads.
3)     Delivering pumpkins to your neighborhood at Thanksgiving.
2)     Recipes in real estate newsletters.

And, my favorite . . . .

1)     Handing out note pads and refrigerator magnets in the neighborhood.

 

 

2015 Boise Homes Closed Sales Trends

Closed sales of Boise homes are one of the best indicators of our Boise real estate market.

Here’s a breakdown of 2015 year-to-date Boise homes closed sales.

  • January: 430
    % Change: (baseline number)
  • February: 509
    % Change: +18.4%
  • March: 704
    % Change: +38.3%
  • April: 821
    % Change: +16.6%
  • May: 917
    % Change: +11.7%
  • June: 1,040
    % Change: +13.4%
  • July: 1,017
    % Change: -2.2%

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

Data does not include condo or townhome properties.

Data pulled from Intermountain MLS at the beginning of each month.

 

Eagle Idaho’s Best Value ~ New Price!

Huge Price Reduction For Immediate Sale !

Stunning Former Eagle Idaho Parade Home Now Under $110/sq. ft. !

Click On Photo To View The Virtual Tour

Story Book Way

Hilarious Stuff I See In Our Boise MLS

I’m easily amused; especially by some of the listings I see in our Boise MLS.

These are actual excerpts from MLS listings; you simply can’t make this stuff up!

  • Sellers are very aware of the importance of home being available for showing.
  • If no answer, go and show but dogs are dogs. They don’t have a history of biting. More likely to like you to death.
  • Clients are packing anticipating your offer. Garage has boxes in it.
  • Do NOT let the cats out! They are very dear to the family who lives here and will be corralled in the laundry room or one of the bedrooms.
  • Pictures were taken in 2011.
  • They will need to remover their little Chihuahua.
  • Hot house.
  • There may be microbial growth on parts of the subflooring.
  • Will need some sprucing up and repairs to make it a nice home. Yes, it is a fixer-upper.
  • Take a peak with your favorite Realtor.
  • Newer carpet a year ago, seller was going to clean them but she got sick and wasn’t able to finish yet.
  • This is the nice stuff. Just walk in and you will fall in love!
  • Please refer to city ordinance for how many or each animal you can have. I think it is one horse or one cow. Not sure about the goats and or if you can have a goat and a horse etc.
  • Separate easting area.
  • A transaction can be facilitated for at or around the asking price.
  • The horses come to the fence and eat carrots from the home owners.
  • They works from home but they are very accommodating.
  • No backyard neighbors creates a calming reprieve.
  • Animals such as horses are welcome here.
  • Stainless appliances are not included!!
  • Acreage is not square, is on triangle form, open area, planty of parking space for work trylas, good place for horse.
  • Owners were planning on staying here a long time but circumstances changed.
  • Imagine the summer barbecues you’ll have in the huge backyard, or cozy around the fireplace in the winter.
  • Covered patio is ripe with opportunities.
  • B board in the kitchen.
  • Dog in house. Please do not let him out front door he can be sneaky.

And, my favorite is:

  • Water is on a shared well, paid by ass. dues.

 

 

Boise Home Sales: Summer Market

Boise home sales have been extremely strong over the past several months.

Last Spring, we were awash in multiple offers with buyers chasing very slender listing inventory.

With 5,535 closed YTD sales at the end of July, we’re 18.9% ahead of last year’s 4,656 closed sales for the same time period.

But, our market is showing signs of moderating as we approach the end of our summer market.

Our listing inventory has risen from 1,925 listings last January to 2,510 at the end of July.

This is significant because our listing inventory is increasing concurrently with strong closed sales numbers.

Plainly stated, we’re listing more homes than we’re selling.

That provides more choices for buyers and requires sellers to offer homes in prime condition with accurate pricing.

It’s also noteworthy that our pending sales have declined to 1,324 at the end of July after peaking at 1,490 at the end of May, representing a 11.1%% decline.

Increasing listing inventory, combined with decreasing pending sales, indicates that our market is catching its breath after very robust YTD activity.

As always, homes that show well and are correctly-priced, continue to sell quickly.