Seller's market continues in the Treasure Valley

The North End is an especially desirable area
Posted at 6:19 PM, Oct 22, 2019
and last updated 2019-10-22 20:19:01-04

BOISE, ID — The local housing market is staying hot, as Boise and the Treasure Valley continue to grow.

"We have a lot of people moving into town, and that's a good thing," said Wendi Bandurraga of Group One Sotheby's International Realty. "We've got a lot of new businesses. A lot of business growth. A lot of expansion. We have great school systems. We have the ultimate Idaho lifestyle here."

According to Windermere Real Estate, from September 2018 to September 2019, the number of sale listings went up to 13 percent in the North End.

"The inventory is so small in comparison percentage-wise to other areas," said Chris Watkins of Windermere Boise Valley. "The North End is, of course, a very desirable market, so everything has to line up. All the stars and moons have to line up,"

Watkins says the average selling price for a home in the North End is $480,000. She says homes under that price point will most likely be a fixer-upper.

"Sellers -- because it is a seller's market -- they are going to wait and not take the first offer, you know, because they still feel like they still have that advantage," said Watkins.