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Boise Real Estate Sales

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Last week, my sister sold a house she bought new just two years ago, closing at a price not only several thousand dollars above her asking price, but for 50 percent more than what she originally purchased the home for. And as Boiseans are well aware, her story isn't unique. For the better part of the past year, real estate prices in Boise have skyrocketed. Boise Weekly asked Des Hughes of Windermere Real Estate Capital Group to give us some insight into Boise's Real Estate.

"It's a sellers' market," says Hughes. "For instance, if you find a house for $150,000, you could be bidding against several other people and you could lose it unless you're willing to pay over listing price."

The influx of investors beyond Idaho's borders over the past six months has created a market in which a homeowner asking $175,00 or below for their home can sell quickly and profitably to an investor, who likely plans to rent out the home for the next two to four years before selling.

Hughes says 75 to 85 percent of her buys are out-of-state investors, including one Sacramento man who purchased three homes in Boise last week and one Singaporean resident who purchased a Boise home sight unseen after visiting the Windermere Web site.

Hughes says she believes the market is strong and safe for at least the next two years, and that currently, the Boise market is a great opportunity for buyers and sellers.

If, in the future, current investors pull-out of Boise all at once, the supply of readily available and affordable homes will exceed the demand for them, creating a buyers' market.

The following list is a random compilation of some of the homes sold in Boise this week, including the home's asking price and what it sold for. (Homes listed as zero days on the market sold the day they were put on the market.)

Bench Boise:

7227 Alderbrook Dr., asking: $169,500;

sold: $176,500; days on market: 92

1423 St. Patrick St., $164,700; $164,700; 0

3826 W. Targee, $132,000; $122,000; 77

6829 W. Brentwood Dr., $172,000; $167,000; 72

1396 W. Saint Patrick St., $196,485; $196,485; 0

North Boise:

865 N. 30th St., $136,900; $138,100; 41

2612 W. Pleasanton Ave., $169,900; $167,000; 15

1902 W. Irene St., $182,000; $182,000; 37

4917 W. Alamosa St., $164,900; $160,000; 23

3405 W. Plant Dr., $185,200; $185,200; 15

Northwest Boise:

6526 N. Amesbury Way, $154,000; $150,000, 52

6178 N. Portsmouth, $189,900; $182,000, 69

6942 W. Elmbrook, $179,900; $174,000; 39

4500 N. Maple Grove, $140,000; $147,250; 30

8384 N. Matlock Ave., $189,900; $190,900; 32

Southeast Boise:

629 W. Richmond, $169,900; $168,000; 0

3262 S. Norfolk, $210,000; $205,000; 81

600 W. Linden St., $125,000; $131,000; 30

5937 S. Snowdrop, $199,900; $205,000; 5

1274 S. Colorado, $172,000; $172,000; 179

South Boise:

2098 S. Crimson Rose, $175,000; $175,000; 49

1623 S. Coronado, $164,999, $172,446; 45

2137 S. Pebbleside Way, $184,900; $184,900; 37

4474 S. Chex, $160,000; $162,000; 23

9423 W. Medallion, $169,900; $175,000; 42

West Boise/Garden City:

12281 W. Norway, $189,900; $179,900; 76

5082 N. Rothmans Ave., $199,900, $200,000; 29

4299 N. Buckboard Pl., $203,000; $209,090; 74

1032 Spirea, $185,000; $186,000; 26

1143 N. Nichole, $174,900; $180,000; 31

West Boise:

7415 W. Colehaven, $139,900; $144,000; 35

9777 W. Landmark Ct., $169,500; $165,000; 37

5401 W. Cruzen St., $204,900; $204,900; 21

3280 N. Linda Vista, $178,000; $178,000; 6

891 N. Aster, $144,900; $144,900; 0

*Boise Weekly has made every effort to ensure the accuracy of this information.