Meridian, ID - 48°

Boise Real Estate Market


Whether you are looking to buy or sell real estate in the Boise/Treasure Valley area you deserve the best of professional service and the expertise of someone who puts you first. Being a Realtor in Boise is my full time and only job, and I understand how important it is to you that I get every detail of buying or selling your home right. I will help you every step of the way, and I'll continue to be there well after you've made your dream into a reality.

Please take a look around my site! There is no sign in or sign up unless you want additonal information. So you can view homes when ever you feel like it and if you need my help in finding or selling your home please contact me!
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Dreaming Of Owning A Home? Here’s 3 Tips To Help!

idaho dream homeAfter renting for years you’ve decided it’s about time to think about buying a home. Maybe it’s just the desire for more equity in your finances, or you’re tired of landlords and the uncertainty of month to month living – whatever the reason, it’s time, but you aren’t sure where to even start.

As exciting as it feels to think about buying a home, it can also be pretty intimidating tool.
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Eagle Idaho Real Estate About Eagle Idaho
In response to this growth, the city of Eagle has acknowledged that its primary function is to serve as a bedroom community to Boise and other Treasure Valley employment centers, and is working to assure that it is a desirable place to live and raise a family.
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Boise Real Estate Market Statistics-May 2017



Ada County May Market Statistics

Available Homes
# Available: 1820
# Vacant: 1055 (58%)
# Short Sale: 9 (1%)
# Bank Owned: 6 (<1%)
Median Asking Price: $334,900

Pending Sales
# Pending: 1798
Median Asking Price: $299,900

Closed Sales—May 2016
# Closed: 1083
# Short Sale: 11 (1%)
# Bank Owned: 13 (1%)
Median Sales Price: $239,990
Median Days on Market: 10

Closed Sales—May 2017
# Closed: 1046
# Short Sale: 2 (<1%)
# Bank Owned: 7 (1%)
Median Sales Price: $263,500
Median Days on Market: 7


May flowers but not by much!

We are well into the Spring market and inventory ticked up by almost 200. But it is still not enough to meet the demand. Homes are getting offers in less than a weeks time. Granted this is for certain price points. Under $350K are moving at a rapid pace while $350K and up are moving a little slower (relatively speaking).

My biggest concern is for the first time buyers. As prices continue to climb these buyers are slowly being priced out of the market. And because there are so few homes coming on the market under $200K the competition is fierce!
The number of Pending Sales is up by another 90 but interestingly enough is down by 16 year over year. This speaks to the lack of inventory. As you will see in the column to the right, 2016 had more inventory to have offers on.
Our Closed Sales were up month over month (+175) but down (-37) year over year. Once again this is due to lack of inventory. The Sold price was up by $12.5K month over month and up by $23.5K year over year. Days on Market are staying steady at 7 days. For homes under $200K it is even lower than that!
We are heading into the summer market which is usually a little slower but due to the lack of inventory, it may not be as slow as usual! Thinking of selling your home (or know someone who is), give me a call! We can see what the best marketing plan is for you!

Brokerage: Silvercreek Realty Group 1099 S Wells St Suite 200 Meridian ID 83642