Boise Idaho Real Estate Stats – October 2014

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

Boise Idaho Available Homes

  • # Available: 2,616
  • Average Asking Price: $315,614
  • Median Asking Price: $249,900
  • Months’ Supply: 4.0

Boise Idaho Pending Sales

  • # Pending: 891
  • Average Asking Price: $286,034
  • Median Asking Price: $239,900

Boise Idaho Closed Sales – October 2013

  • # Closed: 642
  • Average Sales Price: $248,353
  • Median Sales Price: $211,862

Boise Idaho Closed Sales – October 2014

  • # Closed: 657
    % Change: +2.3%
  • Average Sales Price: $247,372
    % Change: -.40%
  • Median Sales Price: $208,698
    % Change: -1.5%

Data taken from Intermountain MLS on 11/4/14 and pertains to Ada County, 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.

 

Meridian Idaho Real Estate Stats – October 2014

Here’s a snapshot of October’s activity for Meridian, Idaho real estate:

Meridian Idaho Available Homes

  • # Available: 663
  • Average Asking Price: $266,277
  • Median Asking Price: $249,155
  • Months’ Supply: 3.9

Meridian Idaho Pending Sales

  • # Pending: 228
  • Average Asking Price: $274,737
  • Median Asking Price: $244,950

Meridian Idaho Closed Sales – October 2013

  • # Closed: 150
  • Average Sales Price: $237,544
  • Median Sales Price: $216,515

Meridian Idaho Closed Sales – October 2014

  • # Closed: 160
    % Change: +6.7%
  • Average Sales Price: $232,249
    % Change: -2.2%
  • Median Sales Price: $211,000
    % Change: -2.6%

Data taken from Intermountain MLS on 11/4/14 and pertains to Meridian, 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.

 

Eagle Idaho Real Estate Stats – October 2014

Here’s a snapshot of October’s activity for Eagle, Idaho real estate:

Eagle Idaho Available Homes

  • # Available: 356
  • Average Asking Price: $501,937
  • Median Asking Price: $419,500
  • Months’ Supply: 6.3

Eagle Idaho Pending Sales

  • # Pending: 115
  • Average Asking Price: $432,484
  • Median Asking Price: $385,000

 Eagle Idaho Closed Sales – October 2013

  • # Closed: 65
  • Average Sales Price: $377,127
  • Median Sales Price: $332,500

 Eagle Idaho Closed Sales – October 2014

  • # Closed: 51
    % Change: -21.5%
  • Average Sales Price: $424,181
    % Change: +12.5%
  • Median Sales Price: $378,399
    % Change: +13.8%

Data taken from Intermountain MLS on 11/4/14 and pertains to Eagle, 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.

 

How To Buy A Boise Area Home In 3 Days

I often work with buyers who want to buy a home in the Boise area during a brief visit.

Those buyers are usually wanting to buy a home without making multiple, expensive trips to look at homes.

Here are a few tips on how to buy a home in the Boise area in 3 days.

Find A Good Buyer’s Agent

Find an agent who answers their phone, responds promptly to texts and e-mails, knows the market, and is a full-time, experienced professional.

Sign a Buyer Representation Agreement so your agent knows you are serious and loyal.

Level With Your Buyer’s Agent

Discuss your needs, wants, likes, and dislikes with your agent.

The only way your agent can help you is to develop a trust relationship that allows open, honest two-way communication.

Your agent must clearly understand what you want in order to find it for you.

Financing Pre-Approval

Few sellers will consider your offer if they’re not confident that you can obtain financing.

That means you must get your financing pre-approved and get a firm, written loan commitment.

You will need fully-underwritten financing; not a weak pre-qualification letter based only upon a phone call to your lender.

Develop Your Short List

Narrow your list of potential homes to the ones you think are the best choices.

You won’t have time to waste “shopping around” and doing drive-bys; you will need to focus closely on homes that best match your criteria.

Have Your Agent Preview

A competent buyer’s agent will preview your short list of potential homes for you before your arrival.

If your agent understands what you want, they will be able to eliminate homes that don’t match up to your want list.

Every home looks good on the internet, but the true test is seeing the home in person.

View The Best Choices

By now, you should have narrowed your list to the best homes that match your criteria.

Look at them carefully and objectively to confirm that they will be a good fit for your “want list”.

Ask your agent to confirm market value and provide insights about the home, neighborhood, and other important considerations.

Select The Best Home

After you’ve followed the steps above, you should have a clear choice of one or two homes that you like.

Pick the home that you think is the best for you.

Make A Reasonable Offer

Structure your offer to be realistic and appealing to the seller.

Avoid making lowball offers, contingent offers, and offers with a long escrow.

Negotiate Your Purchase

Your objective, at this point, is to secure an accepted, reasonable, fair offer.

Don’t let foolish pride and stubbornness get in the way of reaching agreement with the seller.

Close Escrow

Upon acceptance of your offer, your final steps will be the home inspection, final loan processing, and closing.

Conclusion

Buying a home in 3 days isn’t easy.

It requires trust, good communication, diligence, and considerable effort by you and your agent.

But, I often succeed in such situations by following the steps listed above.

Need to buy a Boise home in 3 days?

Call me at (208)938-5533 or e-mail me and let’s talk!