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Sheila Smith Real Estate Group

Sheila Smith Real Estate Group

Homes in Boise, Meridian, Eagle, Nampa, Caldwell, and greater Idaho areas.

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Check out the KTVB News interview with Sheila!

February 20, 2014

source: KTVB.com by Stephanie Zepelin

BOISE – Boise real estate agents are currently reporting the biggest housing boom in the nation.

RE/MAX compared data collected from the Multiple Listing Service (MLS), and it shows that Boise real estate agents saw the greatest increase in sales from January 2013 to January 2014, making it the highest sales increase in the nation.

Boise real estate agent Sheila Smith said she was not surprised by the report, because business has been very busy, and that it just accentuates what’s been going on over the last year. She also says that in January, there were more than a thousand pending home sales.

“People are starting to move, they’re starting to be able to get the value that they want in their homes, so that they don’t’ have to short sell it, they don’t have to foreclose, that sort of thing,” said Smith. “People are finally having those options to upgrade, to move.”

Smith said based on what she’s experience thus far, she thinks February 2014 may beat February of 2013.

“I listed a house this morning and I had over 20 showings and a house in that price range a couple years ago, I would have been lucky to have a showing for the whole week probably,” she said. “So it’s showing a big positive turn that we’re all pretty excited about.”

Smith believes there are many factors behind this positive sales increase including low interest rates, low inventory, still reasonable prices and the rebounding economy.

“The inventory dropped down so low during the big downturn that we just aren’t keeping up,” Smith said. “The builders are scrambling to pick up the pace and keep up with the demand but we’re just behind, so until we can get that volume up again, you’re just going to see, due to basic supply and demand, see an increase in prices in my opinion.”

Smith said this is a great time to be a seller, buyer and real estate agent in this market.

by Stephanie Zepelin

source: KTVB.com

Filed Under: Articles

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  • 1420 W Washington St
    Boise, ID 83702
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Find A Home

5605 S Zaivcla Ave $789,900

5605 S Zaivcla Ave Meridian, Idaho

4 Beds 4 Baths 3,802 SqFt 0.150 Acres

6536 S Rohanna Way $620,000

6536 S Rohanna Way Boise, Idaho

3 Beds 3 Baths 2,501 SqFt 0.200 Acres

10871 Highway 55 $599,900

10871 Highway 55 Cascade, Idaho

3 Beds 2 Baths 1,563 SqFt 7.830 Acres

517 Boise St $592,000

517 Boise St Middleton, Idaho

3 Beds 2 Baths 1,620 SqFt 1.640 Acres

4457 N Waterfront Way $575,000

4457 N Waterfront Way Boise, Idaho

4 Beds 3 Baths 1,955 SqFt 0.200 Acres

1814 S Rand St $474,000

1814 S Rand St Boise, Idaho

3 Beds 2 Baths 1,912 SqFt 0.150 Acres

3220 N Bryson Way $399,900

3220 N Bryson Way Boise, Idaho

3 Beds 3 Baths 2,183 SqFt 0.290 Acres

124 Saddlenotch Dr $349,000

124 Saddlenotch Dr Horseshoe Bend, Idaho

3 Beds 2 Baths 1,322 SqFt 0.106 Acres

14199 Tara St $324,000

14199 Tara St Caldwell, Idaho

3 Beds 2 Baths 1,284 SqFt 0.140 Acres

517 Boise St $592,000

517 Boise St Middleton, Idaho

1.640 Acres

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Sheila Smith Real Estate Group
1420 W Washington St.
Boise, ID 83702

(208) 254-2090

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