By Cristina Pescaru, CSP
Real Estate Consultant
Boise, Idaho

Boise, Idaho

The City of Trees

The real estate news is at least confusing, if not downright discouraging, most of the time. But here’s the silver lining: Boise hasn’t been hit as hard as other areas of the country, and we may have seen the worst of it. In some areas, we are starting to see competing offers on properties, and that is great news for sellers!

Of course, we won’t be at the price levels of 2004-2005 any time soon, and the economy as a whole has a lot to do with that. For one thing, there aren’t all the investors that were around a few years ago, willing to invest sight-unseen sometimes. Then, people may not be retiring in our area at the level they used to, for the simple reason that many people have found themselves in a position where they cannot afford retirement. Job relocations aren’t as plentiful as they used to be, either. And small businesses don’t start at the same rate as before.

Good News – Boise Great Place to Raise a Family

But enough with the gloom and doom! The good news: Boise is still considered a great place to be, and to raise a family. Home prices have become more affordable, and we have seen an increase in distressed home sales. That is good news for buyers. Median home price hovers around $155,000 in Ada County, for existing homes. The new homes median price is around $178,000. Read the rest of this entry