Boise is such a fantastic place to live and work! Boasting an abundance of year-round activities, including hiking, biking, rafting, skiing and snowmobiling, the treasure valley has a lot to offer any outdoor enthusiast. Boise downtown (Bodo) is alive with art, culture and various activities. Boise State is becoming a sought-after university. There is also has a growing wine and craft beer industry here. The area is bustling, and everyone is ready to enjoy the summer sunshine!
With Boise's attractive livability factors, and strong economic growth forecast, including a very positive jobs outlook, there is no wonder why this beautiful area is getting so much attention! However, there has been another phenomenon brewing -- the hot Boise housing market! And, indicators show it is getting hotter! There's no question as to why so many people want to own a home here! Yet, you may wonder how has this affected the local real estate market recently?
This spring there was considerable pent-up demand for homes after emerging from a winter of record-level snowfall. Tight inventories were already present throughout 2016, and the "snow effect" only added to the scenario as we began 2017. Finally, more listings are emerging. However, demand for homes has still been greater, outpacing available homes to purchase. At the same time, home sales have decreased! What does this mean? At this time, it is merely a statistic resulting from the fact that not enough homes have been available to buy. There are currently more homes pending (under contract) than there are for sale. Many, who have previously been on the sidelines, including Millenials and other first-time home buyers, are now deciding to take advantage of low interest rates and special programs currently offered to purchase a home. Competitive bidding has been common in many areas. Homes listed in the lower price ranges typically aren't staying on the market long. Some, not even for a day. All these factors are indicators that the prices of homes in the Boise Valley are continuing their trend upward.
If you're thinking about selling a home, this is all great news! If you're looking to buy, you can still take advantage of today's low interest rates and achieve your dream of home ownership! With rising rent prices, why rent when you could buy? Home prices in the area are still considerably lower than most metropolitan cities. Whether buying or selling, using a real estate professional can be your smartest decision. We use our training and experience to negotiate through the uncertainties and stressful complications that can occur in any transaction. We are in an extremely active real estate market. Use our expertise. Let us be your guide to navigate your next successful offer!
Jo Stearns
208-954-1230
jstearns@atova.com