Boise Idaho Home Values

Below is a chart that displays Boise average sales prices  of New vs Existing Home Prices by quarter from 2005 to present.


View more charts that display detail of Boise Idaho Home Values .

Trey Langford
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December 02 2009 - Boise
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I like this chart because it shows that the market has corrected back to where homes are affordable in our area again to the average family.

In 2005, lot prices were about $35 - $45K and then things started going crazy.  Lot prices kept increasing to where a standard lot jumped to nearly $125K in 2007.  Development land went from $25K an acre in 2000 to $150k an acre in 2006-2007 based on new lot pricing.

Now with new construction dormant, banks are foreclosing on many projects and the lots are being sold in bulk at less than the development costs sometimes!  Therefore, it is a great time to buy since lots can not be replaced again for the distressed sale price that some are selling for.

Thumbs up (below) if you agree. 
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December 16 2009
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interesting graph, thanks for posting.



However, please keep your self promotion links out of your posts.  Yet again your post has been flagged for self promotion. 
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December 16 2009
 
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