HOW HIGH WILL BOISE HOME PRICES GO?

6 07 2012

In case you haven’t noticed, real estate prices are on the rise again!  They had been falling every year since 2007.  That fact has been painfully apparent to anyone trying to sell a home in the Boise metropolitan area in 2008, 2009, 2010 and 2011.  Four years in a row of declining home values.  And now finally. . . .!

So what is happening?  Is this just a brief respite in an otherwise very negative national economic picture?  How high will prices go?  Should we expect another “bubble”?  And how do we know that prices are really up, perhaps it is just a reduction in “distressed” sales that is skewing the numbers?

On July 25 at Title One in Meridian I will be presenting the data to answer these and many more questions.  The “Webb Chart Class” will be attended by over 50 of the Treasure Valley’s top real estate agents so there will be a lot of brain power in the room!  For more than 10 years I have been publishing “Webb Charts” and doing statistical analysis specifically on this market.

Here are 5 specific market data pointers that the class will be studying on July 25 relative to pricing:

1.  The difference between sold units year to date and the dollar volume – 12%.

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2.  The increase in resale average sold price for the first 6 months of 2012 compared to the same period in 2011 – 11%

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3.   The increase in resale median sold price for the first 6 months of 2012 – 11%

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4.  Median resale price for the year 2012 so far compared to the entire year of 2011 – 8.1%

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5.  Median resale price compared to a 3% trend line since 2000.  Where are prices now and where will they go from here?  And most importantly, how does this chart look after you have eliminated the “distressed sales?”

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Here is a link for more information on the July 25 classes:  http://wp.me/pShPn-5J





Vacation Cash

30 04 2010

Our local Coldwell Banker company is giving some lucky person $500. It could be you!  However, guess what, you have to enter to win.

Just fill out the attached entry form, and get it back to me at my office and who knows – it just might be YOU!

Mailing address: 1173 E. Winding Creek, Eagle, ID   83616

Fax: 208.248.3500

Scan and Email: jw@jerewebb.com

 2010 Vacation Cash Give-Away





Boise Magazine Inside Front Cover

30 04 2010

What do you think?  I would appreciate getting some feedback on this. . . . . . beginning with the May issue I have purchased the inside front cover of the Boise Magazine for a year.

Here is my business hunch.  With so many Realtors quitting the business right now, my guess is that there will be a lot of “unattached” potential clients.

We will see. I spent several thousand dollars advertising on Realtor.com a couple of years ago and it turned out to be a bust! :o(

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Hello Idaho Real Estate!

2 04 2010

Thank you for visiting my Eagle Idaho Real Estate blog! It is my hope that through this portal I will be able to share with you the latest news and happenings in the greater Boise Idaho real estate market! Stay tuned to this spot for the most recent developments in home mortgage rates and what’s going on in real estate today! Want to start finding homes in Idaho that fit your needs? Visit my Idaho Realtor Website to search the local MLS for the best homes in Idaho available today! Therein you can learn more about the area, use mortgage calculators, view my available Idaho homes, and more!

I specialize in exceptional residential real estate service and have the skills to guide you through your next real estate transaction with ease. Whether you are looking to buy a new home in Idaho or sell your existing home I am glad to be part of that process – contact me, Jere Webb, for the best Idaho Realtor services online!