Eagle Real Estate Blog
by Phil Hoover, Eagle Resident & Real Estate Broker
Time To Open Your Foundation Vents
It’s time to open up those foundation vents, folks!
You did close them last Fall, right?
It’s critically-important to allow air flow through your foundation vents to avoid a buildup of moisture, which can lead to serious problems (spelled m-o-l-d) in your crawlspace.
Phil Hoover
in Eagle, Idaho Real Estate, Eagle Real Estate, Eagle, Idaho Home, Eagle, Idaho Realtor, Eagle, Idaho Business, Eagle, Idaho House, Eagle Home, Eagle House, Eagle Realtor, Eagle, ID, Eagle, Idaho, Boise, ID, Boise, Idaho, Meridian, ID, Meridian, Idaho, Idaho Real Estate, Boise Real Estate, Boise Idaho Real Estate, Boise Foreclosure, Eagle Idaho Foreclosure, Brookwood, Brookwood Eagle, Brookwood Subdivision Eagle
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Boise, Idaho Real Estate Stats For April 2008
Here’s a snapshot of April's real estate activity for Ada County, Idaho:
Available Homes
# Available: 4,879
# Vacant: 2,487
Vacant Percent: 51%
Average Asking Price: $355,556
Median Asking Price: $269,900
Pending Sales
# Pending: 758
Average Asking Price: $280,830
Median Asking Price: $216,900
Closed Sales – April 2007
# Closed: 715
Average Sales Price: $268,147
Median Sales Price: $230,000
Closed Sales – April 2008
# Closed: 472
% Change: -34%
Average Sales Price: $252,207
% Change: -5.9%
Median Sales Price: $210,000
% Change: -8.7%
Phil Hoover
in Eagle, Idaho Real Estate, Eagle Real Estate, Eagle, Idaho Home, Eagle, Idaho Realtor, Eagle, Idaho Business, Eagle, Idaho House, Eagle Home, Eagle House, Eagle Realtor, Eagle, ID, Eagle, Idaho, Boise, ID, Boise, Idaho, Meridian, ID, Meridian, Idaho, Idaho Real Estate, Boise Real Estate, Boise Idaho Real Estate, Boise Foreclosure, Eagle Idaho Foreclosure, Brookwood, Brookwood Eagle, Brookwood Subdivision Eagle
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Meridian, Idaho Real Estate Stats For April 2008
Here’s a snapshot of April's real estate activity for Meridian, Idaho:
Available Homes
# Available: 1,384
# Vacant: 754
Vacant Percent: 54.5%
Average Asking Price: $304,755
Median Asking Price: $259,900
Pending Sales
# Pending: 219
Average Asking Price: $263,044
Median Asking Price: $221,990
Closed Sales – April 2007
# Closed: 171
Average Sales Price: $264,168
Median Sales Price: $243,288
Closed Sales – April 2008
# Closed: 122
% Change: -28.7%
Average Sales Price: $244,395
% Change: -7.5%
Median Sales Price: $226,000
% Change: -7.1%
Data taken from Intermountain MLS on 5/7/08 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.
Phil Hoover
in Eagle, Idaho Real Estate, Eagle Real Estate, Eagle, Idaho Home, Eagle, Idaho Realtor, Eagle, Idaho Business, Eagle, Idaho House, Eagle Home, Eagle House, Eagle Realtor, Idaho, Eagle, ID, Eagle, Idaho, Boise, ID, Boise, Idaho, Meridian, ID, Meridian, Idaho, Idaho Real Estate, Boise Real Estate, Boise Idaho Real Estate, Boise Foreclosure, Eagle Idaho Foreclosure, Brookwood, Brookwood Eagle, Brookwood Subdivision Eagle
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Eagle, Idaho Real Estate Stats For April 2008
Here’s a snapshot of April's real estate activity for Eagle, Idaho:
Available Homes
# Available: 560
# Vacant: 256
Vacant Percent: 45.7%
Average Asking Price: $685,031
Median Asking Price: $564,950
Pending Sales
# Pending: 43
Average Asking Price: $563,334
Median Asking Price: $499,900
Closed Sales – April 2007
# Closed: 53
Average Sales Price: $428,399
Median Sales Price: $328,125
Closed Sales – April 2008
# Closed: 33
% Change: -37.7%
Average Sales Price: $435,083
% Change: +1.6%
Median Sales Price: $385,000
% Change: +17.3%
Data taken from Intermountain MLS on 5/7/08 and pertains to single-family residences on lot or acreage. Data does not include condominiums or townhomes.
Phil Hoover
in Eagle, Idaho Real Estate, Eagle Real Estate, Eagle, Idaho Home, Eagle, Idaho Realtor, Eagle, Idaho Business, Eagle, Idaho House, Eagle Home, Eagle House, Eagle Realtor, Idaho, Eagle, ID, Eagle, Idaho, Boise, ID, Boise, Idaho, Meridian, ID, Meridian, Idaho, Idaho Real Estate, Boise Real Estate, Boise Idaho Real Estate, Boise Foreclosure, Eagle Idaho Foreclosure, Brookwood, Brookwood Eagle, Brookwood Subdivision Eagle
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What If There Is No "Recovery"?
Am I the only one who giggles when yet another “expert” predicts the precise moment when the housing market will recover?
Depending upon the expert du jour, we can select from the following:
- Tomorrow
- Next week
- Next month
- Fall 2008
- Spring 2009
- Fall 2009
- Sometime in 2010
- Sometime in 2011
- Sometime in 2012
I had a thought the other day (didn’t even hurt!).
What if there is no recovery?
What if this is it?
What if . . .
- Demand remains lower that expected?
- Supply eventually equals demand?
- Prices stabilize at affordable levels?
- The speculators/flippers lick their wounds and move on to the next big thing?
- Credit tightens further and buyers have to have a substantial down payment, stellar credit, and be able to afford the home they’re buying?
- Homes appreciate at 2-3% annually like they did five years ago?
- People once again buy a home to live in instead of using it as their personal ATM?
What if this IS the future?
My best guess?
If you’re waiting for “Back To 2005”, it’s going to be a long wait!
Phil Hoover
in Eagle, Idaho Real Estate, Eagle Real Estate, Eagle, Idaho Home, Eagle, Idaho Realtor, Eagle, Idaho Business, Eagle, Idaho House, Eagle Home, Eagle House, Eagle Realtor, Idaho, Eagle, ID, Eagle, Idaho, Boise, ID, Boise, Idaho, Meridian, ID, Meridian, Idaho, Idaho Real Estate, Boise Real Estate, Boise Idaho Real Estate, Boise Foreclosure, Eagle Idaho Foreclosure, Brookwood, Brookwood Eagle, Brookwood Subdivision Eagle
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