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Real Estate Prices Heating Up in Boise

Home Prices Up 12% in Ada County:
According to the latest data from the Intermountain MLS, median home prices had a strong rise of 12% compared to downward forecasts. Please click on the link below to read more.–-year-to-date-home-prices-up-12-in-ada-county/

First Rate Property Managements Greater Boise Idaho Vacancy Rate:
Currently our vacancy rate is at 4.4%, up from last years' numbers at this time at 3.2%. Yet, our average vacancy rate to date this year is 2.8%, compared to 4% last year at this time. With school starting, the rental market is temporarily changing, slowing down. Call volume is down compared to a few weeks ago.

Click to enlarge Vacancy Rate image







Boise Investment Properties:
The number of short sales and Bank owned investment properties has slowly been declining. In fact, the number of active listings has been declining as well. This shortage of listings and a fair amount of demand has pushed values up in most areas and building type. So if you were looking to list, but discouraged because of low values, now might be the time to take another look at current market value.
If you are looking to buy, good deals still can be found as not all agents are tracking the trends and realize that a supply shortage has caused values to increase in some segments. With rates as good as they are and with values still down, it’s a great time to buy.
In August I sold two four plexes, a tri-plex, and two duplexes, a single family home rental, and a standard single family home. So as you can see, things are heating up.






Tony A. Drost

Tony Drost
Fair Housing

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