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Curious about what is going on in Boise’s Real Estate Market? May numbers are in! Here are some quick facts we’re discussing right now regarding local Boise Real Estate Market and Ada County:
- Inventory is UP
- Demand is DOWN
- Is it a good idea to RENT or OWN housing right now?
Who is Own Boise?
At Own Boise, our mission is to ‘Own Where You Live’, which is more than owning real estate although we love that people do! We believe that in order to own where you live, you must be involved in the community. That involvement can come in many different ways. Donating time, money, volunteering, teaching, coaching, leading or simply just showing up.
Our team currently consists of 19 full time team members working for you.
In 2021, Own Boise was recognized as one of “2021s Best Real Estate Teams in Idaho” by Real Trends and “Diamond Level Team” by Boise Regional Realtors for selling over $70 million in volume.
In 2021, the average agent sold 3.6 homes whereas Own Boise sold 164. Our team sells 45X more homes than the average agent. We sell 90% of the homes we list whereas the average agent sells 83%. We average 7 days on the market whereas our competitor averages at 16 days, meaning we sell homes more than twice as fast. Finally, our original list price vs. sold price is 101.8% compared to the average agent’s 86.2%. Which means we get our sellers 15.6% more money, or $89,734 their pockets based on the average sold price of $575,218.