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Market Report NorthEnd Boise For 1,000-1,500 sqft PDF Print E-mail
Written by Heinrich Wiebe   
Wednesday, 26 March 2008 19:08

If you are considering buying or selling in the northend and the property in question is larger than 1,000sq/ft but smaller than 1,500 sq/ft here's a quick analysis...

The results of my analysis stems from the following criteria:

Class RE
  Status ACT,NEW,BOM,PC,CFIN,CS,CM,CON,SLD,UPSLD,0SLD
  Type SF
  Closing Date > 10/1/2007
  Area 0100
  # Beds > 3
  # Baths 1-1
  Apx SqFt 1000-1500

Looking at the spreadsheet below (Comparative Market Analysis), you can see that there's a real range of pricing, which is indicative of the northend market. What that means is you've got to market compare at the street level. Get out and burn some gas man! Pulling data up and then picking a price is not the best approach and will likely cause a financial hardship or long market time.

Since there are only two sales for this period, that means we have six months worth of inventory on hand. The spring is likely to bring more to the list and lets hope the buyers follow to snap them up. At least the pricing for many of these homes is below the $250,000 threshold.

If the property has a garage it gets a bonus. If it has room for one, it gets a bonus. If it has a reasonable ability to add a second bath, another bonus. You get the picture.

CMA Summary Report
Residential - Active
ADDRESS # Acres Garage Cap Price Sold/SQFT Apx SqFt DOM LP $/Apx SqFt SP $/Apx SqFt
3300 W Edgemoor 0.15 0 $144,900   1200 114 $144,900 $120.75    
2101 N 33rd St 0.17 2 $159,900   1388 134 $159,900 $115.20    
873 31st St 0.14 2 $164,900   1118 35 $164,900 $147.50    
2804 W Regan 0.14 1 $164,900   1107 25 $164,900 $148.96    
2301 N Harrison Blvd 0.09 0 $167,770   1296 97 $167,770 $129.45    
3034 W Neff 0.16 0 $179,900   1174 128 $179,900 $153.24    
3116 Gavin St 0.17 1 $189,000   1250 137 $189,000 $151.20    
3210 W Anderson 0.23 2 $194,900   1206 43 $194,900 $161.61    
2510 N 34 th st 0.26 1 $207,500   1152 63 $207,500 $180.12    
910 N 25th st 0.10 1 $209,900   1458 63 $209,900 $143.96    
2722 N 32nd 0.25 1 $210,000   1215 212 $210,000 $172.84    
2016 N 30 0.15 2 $249,000   1248 2 $249,000 $199.52    
1122 N 12th 0.12 1 $255,000   1218 35 $255,000 $209.36    
2300 MADISON & 511 N 23RD ST 0.00 0 $285,000   1014 376 $285,000 $281.07    
Total Listings           Avg Avg Avg Avg Avg
14           104 $198,755 $165    
Residential - Sold
ADDRESS # Acres Garage Cap Price Sold/SQFT Apx SqFt DOM LP $/Apx SqFt SP $/Apx SqFt
2320 N 9th St. 0.09 1 $176,000 161.62 1089 19 $205,000 $188.25 $176,000 $161.62
2031 W Pandora Drive 0.15 2 $240,000 165.52 1450 57 $250,000 $172.41 $240,000 $165.52
Total Listings           Avg Avg Avg Avg Avg
2           38 $227,500 $180 $208,000 $163
Residential - Pending
ADDRESS # Acres Garage Cap Price Sold/SQFT Apx SqFt DOM LP $/Apx SqFt SP $/Apx SqFt
811 N Riviera Dr 0.15 0 $149,950   1336 151 $149,950 $112.24    
2800 36th 0.26 0 $164,900   1357 3 $164,900 $121.52    
Total Listings           Avg Avg Avg Avg Avg
2           77 $157,425 $116    

Residential Summary Statistics

High Low Average Median
LP: $285,000 $144,900 $197,356 $191,950
SP: $240,000 $176,000 $208,000 $208,000

 

 

Last Updated on Wednesday, 02 July 2008 05:19
 

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