It’s been nearly a year since I went into full time, on-site new construction sales and the blog has had to suffer from it. I’ve recently however changed builders and positions and have a bit more time to dedicate to sharing news and updates with you about the Boise Real Estate Market.
New Construction
Over two years ago I decided to take the leap into residential new construction training at NAHB and since have had the outstanding opportunity to work in some of Boise and Meridian’s most distinctive communities. I haven’t abandoned my existing home/resale business and still enjoy working with buyers and sellers outside of new construction. Let’s face it, new construction isn’t for everyone–I haven’t figured out why just yet, but there are still plenty of people who like the skull-splitting experience of a short sale. Honestly, they still freak me out, but I’ll do em if I have to.
Red Feather Community
I’m currently working with Berkeley Building Company on-site in the ever successful Red Feather community. It’s a great location, excellent community that is still thriving even after the real estate crash. It’s clear that community wide there is pride of ownership and a real commitment to a clean, safe and happy subdivision.
As I’m writing this, the Julius M. Kleiner Memorial Park is under construction directly adjacent to Phase 6 & 7 of Red Feather. In fact, there will be direct pedestrian access into the park from our community! What a bonus 
Also worth of noting is the Community Pool and Clubhouse that every Red Feather owner has access to as well as the Fiber Optic feed to each house.
Berkeley Building Company
Working with Joe Atella has got to be one of the best real estate experiences that I’ve been a part of in my 7+ years in the business. He’s committed to doing the right thing every time and has a real passion for his work. His homes are practical, dynamic and exciting. He brings a real creative mind and approach to the design process (well of course, he’s an Architect), yet allows room for the clientele to add their own personal touch as needed.
As far as amenities goes, he’s got it nailed. When you walk into the model, it’s all included. There is no bait and switch or funky “base pricing” programs that many production builders in the area are known for. He keeps it real, he keeps it practical and of course he’s the bridge between quality and affordability. You can check it his website for more details and information about his company. He’s a real class act!
Market Update
It’s been a while since I’ve crunched numbers market wide, but here’s the water cooler dish. Inventory is shoring up, but buyers aren’t. There are fewer homes on the market than we’ve seen in many years and it’s probably not going to get better (for buyers that is). There’s over 1000 fewer homes on the market right now than the same time last year.
Not only do the stats show it, but buyers and agents are creating a buzz.
New construction is also doing well, especially as the “used” inventory dries up we’re seeing a higher demand for new homes. Soon though, we’ll be running into a Class A lot shortage and it will take most lookers by surprise. Mark my words. The window of affordability and quality in new construction is closing and county wide, I’ve seen price increases consistently.
That’s it for now, if you have any questions, please ask, if you have any comments, please share and if you have a Facebook Account, please follow and share this post! Till next time!
No related posts.
{ 6 comments… read them below or add one }
Good luck with the new venture Aaron. Boise is such a beautiful city so it’s great to hear that the market is starting to do a bit better.
Many companies are making changes in their market policy. Market is also adapting these new strategies. This is the reason we are seeing these ‘Season Change’. Thanks Aaron for sharing the update market news. i also liked your market analysis of Season Change very much.
Hopefully a rising tide will raise all ships!! =o)
The key housing market index gained six points in July, increasing to 35. This is the largest one-month gain recorded by the index in nearly a decade, and brings the HMI to its highest point since March of 2007.
Here in Salt Lake the home listing inventory is also way down. Buyers have few homes to choose from and because of this we are starting to see more multiple offer situations. Home prices are on the rise again, with August 2012 seeing nearly a 10% median home price increase for Salt Lake County. New construction is doing well on the back on this, prob because there are very few resale homes for buyers to choose from.
As the Broker of Record for Milestone Silver Realty Ltd. ; I am always interested in what other Real Estate practitioners have to say and what they are doing with their blogs and websites, especially as they relate to property values and market trends. Just thought I’d let you know that I came across your site and enjoyed the time that I spent there. As we all can appreciate: Real Estate continues to be “High Paying Hard Work and Low Paying Easy Work” Thanks for posting and thanks for allowing me to comment. Keep up the fine work.