2009 Real Estate Guide
real estate
Home price trends in Boise, Idaho

City-by-city price comps
Boise, Idaho
The blue turf at Boise State's football stadium gets people's attention, and the cheap housing market did the same for speculators and developers the past few years. "There were large developments built on spec without necessarily having a homeowner lined up to purchase the property," says Fiserv’s David Stiff. Local Market Monitor’s forecast calls for a 9-percent decline in home prices this year.
Median price end of 2008:$168,800
Median price end of 2007:$198,000
Percent change:-14.7%
Projected change through Q3 2009:-2.0%
Affordability rating:0.7
Foreclosures in 2008:
(1 for every 42 households)
5,414
Foreclosures in 2007:
(1 for every 99 households)
2,206
Change in foreclosures:145.4%
Expected to hit bottom:Q2 2010
Percent drop needed to reach bottom:-25.2%
Current rate comparison
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Price trends
Q1 2008 national median price: $196,100
Q2 2008 national median price: $206,400
Q3 2008 national median price: $200,400
Q4 2008 national median price: $180,100
Q1 2008 local median price: $193,400
Q2 2008 local median price: $191,000
Q3 2008 local median price: $187,300
Q4 2008 local median price: $168,800

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