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If you were ready to spend between $200,000 and $250,000 and wanted to live on the Boise Bench, What might you have purchased? Here's a look a what the market bought
16 SOLD HOMES
CMA Summary Report
| High | Low | Average | Median | | LP: | $274,900 | $209,900 | $233,596 | $231,450 | | SP: | $250,000 | $205,000 | $225,818 | $223,250 | | 4319 Freemont | $205,000 | 131.83 | 1555 | 145 | $220,000 | $141.48 | $205,000 | $131.83 | | 2213 W Palouse | $207,500 | 74.67 | 2779 | 13 | $219,900 | $79.13 | $207,500 | $74.67 | | 704 S Shayne Dr. | $213,000 | 100.00 | 2130 | 138 | $219,000 | $102.82 | $213,000 | $100.00 | | 4724 W Denton St | $214,900 | 119.39 | 1800 | 91 | $214,900 | $119.39 | $214,900 | $119.39 | | 2009 W Suncrest Dr | $216,000 | 87.66 | 2464 | 73 | $219,900 | $89.25 | $216,000 | $87.66 | | 1312 S Abbs Street | $217,300 | 122.98 | 1767 | 5 | $209,900 | $118.79 | $217,300 | $122.98 | | 2625 Lemhi | $219,000 | 116.49 | 1880 | 133 | $229,900 | $122.29 | $219,000 | $116.49 | | 1625 S Latah | $221,500 | 89.46 | 2476 | 171 | $223,000 | $90.06 | $221,500 | $89.46 | | 907 N HARDING | $225,000 | 102.37 | 2198 | 36 | $249,950 | $113.72 | $225,000 | $102.37 | | 1704 S Curtis | $229,000 | 91.75 | 2496 | 77 | $249,500 | $99.96 | $229,000 | $91.75 | | 3019 W Agate Street | $231,000 | 124.86 | 1850 | 80 | $234,900 | $126.97 | $231,000 | $124.86 | | 1310 S Shoshone St | $235,000 | 82.34 | 2854 | 0 | $233,000 | $81.64 | $235,000 | $82.34 | | 1421 S Ponderay | $239,900 | 138.19 | 1736 | 55 | $239,900 | $138.19 | $239,900 | $138.19 | | 40 Mesa Vista | $240,000 | 146.16 | 1642 | 32 | $249,000 | $151.64 | $240,000 | $146.16 | | 3012 Grover St. | $249,000 | 95.26 | 2614 | 7 | $249,900 | $95.60 | $249,000 | $95.26 | | 2803 Gem St | $250,000 | 93.84 | 2664 | 130 | $274,900 | $103.19 | $250,000 | $93.84 | | Total Listings | | | | Avg | Avg | Avg | Avg | Avg | | 16 | | | | 74 | $233,596 | $110 | $225,818 | $107 | The first thing I see is the market only purchased at 96% of asking price. However, there were more than half that got dang close to asking price or above. This tells me that if you have the right price, it should sell. There is also a correlation to days on market too. Next I see that the price per sq/ft only goes above $110 for 7 of 16 listings. 88% had a garage. Must be important to buyers. 75% had a basement. Only one home was a single level. Wonder if that's a demand or if the homes that appeared like the best deal and were the most complete also had a basement. OR- maybe the Boise Bench location simply has a number of homes with basements in this price range. Either way, if it's a single level you're after, there weren't many single levels sold. Lastly, I should add that there are 42 homes currently active on the market in this price range and location. |
