The last quarter and the Boise real estate market has been full of changes. Their deathly home still selling in the area, and the numbers are changing everyday. If you can really take a look at the numbers of the area it will help you understand what’s happening now and what is going to happen in the future of the Boise real estate market. Prices have come down but there are actually some areas that the market is holding up fairly well.
Homes are currently selling for anywhere from 83% to 100% of their asking price. This all depends on how aggressive each seller is pricing their Boise home. If the home is priced at market value up front, don't expect to take 10-15% off their price. Make sure you take a look at the actual sold numbers of the area to help you consider what you will ask for the home. Eagle Idaho Real Estate
Some of the most active areas of the Boise real estate market include southwest Boise, Southeast Boise, and West Boise. There’s quite a bit of new construction in the South Boise area and prices can be very tempting to act on because builders have a lot on the market right now the one he rid of. Sonata Hills, Tuscany, Tuscany Lakes, and Two Rivers are very active. in this area, sellers have priced their homes correctly. The market does not just vary city by city, but subdivision by subdivision.
The average price for a sold home in the Boise Idaho real estate market over the past two months is about $211,000 with an average days on the market running at about 72 days it is easy to see why Sellers are dropping their prices and getting more realistic was more the market is at.
Sure looking for a home in the Boise real estate market, these numbers and stats are likely to save you thousands if you understand them and have access to them. Don't go in there blindly and make an offer based on the asking price but make an offer based on the market value.
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