Feb 10

Headlines like this Idaho Statesman article “Goose responsible for cutting power to nearly 1,000 Idaho Power customers in Boise”.  Don’t get me wrong I don’t like reading about people loosing their power or some animal biting the dust it’s the fact that something like this actually makes the news.  Not to mention the power was back on in 40 min and there was no protest by PETA.

It’s all smiles. 


Jan 28

A “Pending Sale” simply means that an offer has been accepted but closing has not taken place yet.  “Pending” also means that the property has been removed from the general publics view in the MLS.  A “Pending” sale will not show up any public website.


Jan 28

We hear a lot of talk about short sales these days so it got me wondering exactly how much of our existing inventory are short sales.  I found the number to be a reasonable 203 homes (5% of available inventory). I do want to make it clear that this is 5% of homes that ARE available for sale and NOT 5% of all homes.  I limited this search to Ada County Idaho which includes the cities of Boise, Eagle, Meridian, Star, Kuna, and Garden City Idaho.  The price ranges that are available pretty much cover the marketplace and include luxury homes of nearly 2 million and a few in low 100’s with the average price being $335,000

I do have a list of available “Short Sale” properties.  Just drop me a line if you would like a copy.


Jan 28

Of the 507 pending home sales 6.7% or 34 are short sales. 

Short sales represent 5% of the inventory and 6.7% of the pending sales so the short sale properties have a slight statistical advantage over traditional sales.  This is due to short sale homes being priced at market or slightly below market values.


Jan 01

Zions bank maintains a statewide small business index that is updated every month.  The latest report upgrades Idaho’s business outlook in November to 91.3 from a revised 90.8 in October 2007. The Index includes 14 different factors that influence small business success, including such data as the unemployment rate, retail sales, personal income, bankruptcies, and the strength of the regional economy.


Jeff Thredgold (the reports author) was quoted at saying “Even as the economy [nationally] has slowed, the state’s long-term economic potential rivals any in the nation.” Several key factors that were considered in the upgraded forecast were as follows: 
 

  • The average Idaho home price increased 6.87 percent, the sixth highest in the nation.
     
  • The Idaho economy added 11,300 new jobs, a growth rate of 1.7 percent.
     
  • Idaho unemployment rate averaged 2.6 percent.


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