Issuu on Google+

Brought To You By:

February 2012 Issue

Front Street Brokers

Luxury Home Sales & Investments 877 Front Street, Boise Idaho 83702 Office 208-740-5000

Front Street Brokers.com

89.9FM Boise Market Charts & Trends

Private Listings

Boise Home Reviews

2012 Real Estate Predictions

Luxury Home Foreclosures

Page 2-5

Page 7

Page 12-13

Page 17

Page 19

Boise Real Estate Radio Show Fridays 12-1pm

New Parks Coming Soon

Page 23

Free Event Feb 9th 3:30-5pm Must Rsvp

T

BoiseRealEstateSummit.com

he 2012 Boise Real Estate Summit is February 9th, and will be held at the Boise Centre on the Grove. The goal of the summit is to bring industry experts together to share their analysis of the current health of the Boise Economy, as well as examine indicators, trends, and influences that can help forecast how the Boise housing market may perform in 2012.

This summit is for anyone who has an interest in how the Boise housing market may perform in 2012, including local homeowners, investors, builders, developers and anyone who understands how vital the housing market is to Boise‘s economic recovery. We invite you to come listen to knowledgeable, informed speakers who will help uncover what to look for in the year ahead.

Scheduled speakers include: MAYOR of Boise, Dave Beiter, Ada County Assessor, Robert McQuade Ada County Assoc. of Realtors , Marc Lebowitz Front Street Brokers President, Mike Turner Free To Public, Must RSVP as space is limited, go to www.BoiseRealEstateSummit.com for details.

2012 Boise Real Estate Summit is Sponsored By:

See Boise real estate charts 

Luxury Home Sales & Investments Ph 208.740.5000, Fx 208.441.0292 877 W Front Street, Boise Id 83702

Front Street Brokers

PRSRT STD US Postage Paid Boise ID Permit #649


Home Prices VS Homes For Sale

Notice how home prices didn‘t begin to stabilize until inventory dropped to new lows.

When Inventory swells, price usually drop soon after as it did in 2007 through 2010. The Gap Forming Between Current Prices and Available Homes On the Market Should Help Push Home Prices Up Soon.

High Home Sales Below 100k Pulling Down Home Prices Up 86% Since 2009

Down 46% in 2011

When comparing data on home sales for Ada County (Boise) area from 2006-2011, this last year there is a re-emergence of home sales under $100,000 which has been almost non-existent since the late 90′s. So, while in my opinion the market actually stabilized a long time ago, the housing industry typically looks at the average or median of all home sales to determine if home prices are going up or down. These low priced home sales have effectively pull down (or skewed down) the average sales price for the Boise market, which has made it look more unstable than I believe it was in 2011. The good news is homes in this price range are quickly becoming hard to find, which should mean less home sales in 2012 under 100k. If this trend continues, look for home prices to tick up a bit.


6 Straight Yrs of Declining New Construction: Good or Bad? Demand for Homes in Ada County has increased over the last 3 years and currently exceeds 2003‘s numbers. However NEW home sales have fallen for 6 STRAIGHT Years.

New Construction Home Sales Existing Home Sales

Year end data compiled from local MLS sources shows that the Boise real estate market has seen a sixth straight year of declining new home construction. Compared to the nearly viral market peak in 2005 when the Boise area saw 4900 new homes completed and sold, 2011 came to rest at just 876. While this is not good news for the many construction workers in the valley, it has done wonders in helping to stabilize the Boise market to

see one of the lowest supply levels in the nation. Notice how home sales have increased for the last 3 years. This large gap between growing buyer demand for existing homes and new home sales, is the main reason we are forecasting 2012 will see new construction start to turn around again. As less home buyers are able to find what they want among the increasingly smaller offering of available homes on the market, more and more are opting to take advantage of still low lot prices and low interest rates to begin building.

We already see evidence of this as we drive through the valley and see a growing number of new home starts on what were bare lots just a few weeks ago. If we can move into this new year with a nice market balance between existing and new construction homes, I think we‘ll find there‘s good news to be had for everyone: builders, realtors, home owners, home buyers, job seekers.

Home Selling Odds

National Monthly Average

Ada County Monthly Average Why Boise is positioned to see home prices increase faster than the national average.

A reason why Boise home prices have fallen much further than national average. Too much supply.

This is a number calculated by comparing the number of properties available for sale on the open market vs. how many sell each month. 6 months of inventory is industry standard for a healthy real estate market. Above 6 months is considered a Buyers market, and below is considered a Sellers market. Boise has enjoyed nearly a year at the ―healthy market point,‖ meaning less than a six month supply of homes available for sale. A poor job market and surplus of homes are still creating a buyers‘ market nationwide. Boise, on the other hand sat below 6 months of inventory for most of 2011, and is likely to stay there for awhile., which is a good indicator the valley may soon see rising home prices well before the National market sees their gains. PAGE 3


Foreclosure Inventory In Treasure Valley Falling Fast December of 2010 there were 333 bank-owned foreclosures and 841 short sales available in Ada County. This drove prices down to rock bottom and aided in the supply being rapidly consumed. Amidst the misconception that the market was still ―tanking‖ and that foreclosures would continue to be available as usual, fast forward to December 2011 when there were only 111 bank-owned foreclosures and 591 short

sales, an overall 66% drop in one year. Trends look the same in neighboring Canyon County as well with an 81% reduction in bank-owned foreclosures and 34% in short sales. This doesn‘t mean that people aren‘t still struggling–looking for ways to keep or sell their homes, and find or keep quality employment; however, the numbers are very encouraging that SW Idaho has already reached its tipping point and the stage is set in 2012 to be a decent rebuilding year for housing.

Foreclosures fall 66% in one year for Ada Foreclosures fall 81% in one year for Canyon

Down 30% in last 12 mo.

Down 34% in last 12 mo.


Boise Valley’s NEW and Existing Foreclosure Supply is Shrinking Boise area Foreclosure Starts were down 34% in 2011 compared to 2010, based on newly published numbers from Idaho Data Providers. For the 2011 calendar year the Boise market had approximately 5200 new foreclosure starts, down from 8,000 in 2010.

Charlie Nate of Idaho Data Providers is forecasting that 2012 will bring more foreclosure starts than we saw in 2011. His reasoning is that banks were held up in 2011 due to new government oversight of the foreclosure process as result of the robo-signing scandals.

2009 was the peak year for foreclosure starts in Boise when it had over 8600.

I‘m forecasting the opposite for 2012, that new foreclosures starts will continue to trend further down, as home prices and unemployment numbers slowly improve throughout the year.

A foreclosure start is when a notice of default is filed with the local county recorder. Typically a borrower will be behind on payments in excess of 3 months before the lender will file a notice of default on a property. Keep in mind that not all Foreclosure starts end up as foreclosures, as a large percentage of them end up selling as short sales, and some borrowers work out loan modifications with their lenders. The worst month on record for the local market was March of 2010 when 1000 new foreclosure starts were recorded. Since then it has been a fairly steady downward trend for the valley. It is important to note that before the bubble burst for the housing market, the Treasure valley might have had over 2400 new foreclosure starts in one year as it did in 2007. So 2011‘s total of 5200 is still about double of what we saw before the crash.

Total Inventory Down 61% Since Peak

Total Inventory Down 68% Since Peak Down 43% Since Dec 2010

PAGE 5


A true, one-of-a-kind luxury home. Located on a 1.36 acre lot in private Somerset Ridge, this home boasts 6 large bedrooms, 6.5 baths, 5,891 square feet of meticulously detailed living space, plus a 5 car garage with RV/Boat and shop space. Inside, the finishes are timeless, traditional, and formal while still approachable. You‘d feel as comfortable raising a family here as you would welcoming business guests. It includes a completely remodeled chef‘s kitchen, wet bar, home office with second floor nook library, and a luxurious master suite The outside is spectacular as well. Some of the finest views of Boise’s downtown and foothills. Enjoy the Spirit of Boise balloon launch from the comfort of your extensive back patio. Swim in the heated pool, lounge in the spa, or relax in the gazebo. You can even enjoy stargazing from your own observatory with 16″ Medes LX200 telescope. A private guest suite can be accessed from outside. This home is currently being offered at

Boise Luxury Manor in Somerset Ridge Not everyone can afford a million dollar home, but everyone can enjoy looking at them! —Sign up today for our weekly million dollar luxury home report. We’ll put a little something pretty in your inbox to add some spice to your daydreaming. Go to:

FrontStreetBrokers.com and click on the *Idaho's Coolest Million Dollar Estates and Mansions* link on the right hand side.

$1,997,000 but has been listed as high as 2.45 million in the past. If this is in your price range, I highly recommend having a look at this property. Listing Courtesy Group One.

This stunning home sits on a one acre lot, all professionally (and beautifully) landscaped by Franz Witte. There‘s a pool, spa, large patio, and gazebo– all of it screened in for wind and privacy protection but still maximizing your views. Inside, there‘s 3,701 sq ft: 4 large bedrooms, 2.5 baths, and a 3 car garage. Most of the living is on the main level. Gourmet kitchen and clean, sleek finishes. You won‘t doubt it‘s a million dollar property. Windows on all sides let you enjoy your vistas and the outdoor pool area. You‘ll never feel closed off or dreary inside this house! Currently listed at $1,449,000. If you are approved in this price range, call for a private tour today. Listing Courtesy Keller Williams Boise.

360 Degree Boise City Views 2390 N. Towerview

Idaho MILLION DOLLAR HOME REVIEWS


Private (Pocket) Listings Owner Financing is possible with a minimum down payment of 15%. Contact Front Street Brokers for more details about this property and/or terms about the owner financing option.

Property Details: Huge Drive-through Shop, 2.5 Acres Beautifully Landscaped (over a hundred trees planted). Awesome Unobstructed Views of the Owhyee Mountains, 5+ Bedrooms, 7650 sqft, the list goes on and on. Sellers have it priced to sell but want to keep their privacy so they are not on the open market.

What Mike Thinks When I first drove out to see this home, I thought, gosh this is kind of far outside of town. It is in Wilder, which I rarely visit. However, the journey out there went quicker than I expected (35 min from my house in Boise). As I pulled into the small subdivision (there are 3 or 4 houses on this street), I was first blown away at the property. Everywhere I look on the property are blooming flowers and green trees, it is just lush with landscaping. So in my mind I said ―wow, that must have been expensive, the original owner must have spent 100k plus in trees and landscaping alone.‖ There is even a small putting green, and grape vines. Read More of Mike’s Review At: http://frontstreetbrokers.com/Wilder-Home

The original owner put a ton of money in this place, and had it on the market for $1.29 Million. So the $525,000 price the sellers have it listed at is very attractive considering the huge shop, lush landscaping, view, and 7650 sqft home.

Property Details: Price: $425,000, 4 Bedrooms, 3 Baths, 4 Car Garage, 3430 sqft, first class landscaping, located in Bear Creek Subdivision in Meridian. Many families love this neighborhood because of the massive park inside the sub, and the quick proximity to the Big Water Park, the freeway, shopping, schools, etc.

What Mike Thinks The curb appeal on this home when you see it in person is totally first class. It really looks sharp, the landscaping is spot on, and it has a nice front porch area that I really liked. The garage on this home is huge, and will likely be the favorite feature of most men who see this home (we are just that predictable). The home appears to be in top notch shape, very well cared for and clean. The living room off

the kitchen is very striking and well done. The use of wood timbers and other elements made it feel very warm and inviting. Read and See More at: http://frontstreetbrokers.com/Meridian/2011

** Interested in having your home privately listed – No Yard Sign, No Last Minute Showing Requests from Random Agents, No Nosy Neighbors, No Commitments, Keep Your Privacy Contact Mike Turner with Front Street Brokers at 208-740-5000 for more details. PAGE 7


Sandi’s Featured Properties

1838 S. Riverford, Eagle

$414,900 4 beds, 3.5 baths, 4,200 sq ft, .21 acre

This house is absolutely flying under the radar! Perfect home for a small family or young empty nesters. It has a pool and views of the Boise River from the master balcony. Warm, traditional/contemporary detailing and finishes. Master suite is by far one of the most luxurious and spacious I‘ve seen. Gorgeous vaulted ceilings and lovely guest suite downstairs. There is a great ‗squirrel entrance‘ from the garage directly into the pantry so you don't have to carry your groceries far. Downsides to the property are: The master is on the second level (restrictive for people who don‘t do stairs well, and yet great for the views). At .21 acres with a pool, the yard is small, but might be perfect for someone who doesn‘t want to keep up with mowing. All in all it is a beautiful home with a rockin‘ price tag!

What Sandi Thinks...

This is the only loft left for purchase at this time. Spacious 2 bedroom, 1.5 bath in downtown Boise's BODO/Cultural District. Master bedroom balcony, huge pantry in galley-style kitchen, lots of space and light, within walking distance of everything fabulous downtown. No going to the Laundromat either— washer and dryer in unit. Basement storage included and garage space available. Compared to the very few other condos available in downtown, it is the only unit for sale under 320K. Price is sure to go up, so take advantage while it‘s still low! I just sold the second to last unit in January, and would love to see this one find the perfect owner as well.

Listing Courtesy: Boise Premier Real Estate

Want More Recommendations on Boise Area Homes? Call: Sandi Rubio 208-740-5000.

Listing Courtesy: Homeland Realty

419 S. 8th St. #309 R. Grey Lofts 2 Bedroom 1.5 Baths

$319,000 CALL Sandi Rubio 208-740-5000.

1003 N Harrison Blvd. 2 Beds 2.5 Baths 1580 Sq Ft. $143,000

Where else could you live on historic Harrison Blvd for this price? A little outdated inside, but extremely wellcared for and move in ready. Brand new paint and carpet. Open floor plan with brick fireplace. Close to downtown and easy Bogus Basin access. Both units available for sale for 275K! Perfect set up to live in one and rent the other...or rent both. Minimum rent on these units would be $1000/mo. For More Details Call Sandi Rubio, 208-740-5000. ** Most of these listings are NOT the listings of Front Street Brokers, but rather represent our best buy picks on the market. The details provided are simply recommendations based on market expertise. Our specialty at Front Street Brokers is finding deals, and this list is a reflection of the time and proficiency we provide to our buyer clients. If you would like to get personalized broker service to help you find the REAL DEALS, then contact our Team at 208-740-5000.


SHAPE UP THIS WINTER!

OR cross-training -- that is, doing a range of different activities during your workouts. Not only does this help you keep from getting bored, it's better for your body. Doing different activiIf someone told you right now what the absolute best exerties recruits different muscle groups. You're also less likely to cise to lose weight was, would you do it? You might when you develop an injury since doing the same thing day after day read this. Drum roll, please! creates wear patterns on your joints. With all that said here are my favorite options for getting in The best exercise to lose weight is: The exercise you’ll do! shape this winter in 2012: By Sandi Rubio Front Street Brokers

The two things that stop people from losing weight with exercise are either boredom or injury. The truth is that weight loss is about creating a calorie deficit -- in other words, burning more calories than you take in. So while running at an 8minute-mile pace might be a great calorie burner, if you're not going to do it, it's not going to help you. Instead, start with something you can do, like walking or my favorite recipe for getting in shape – group training classes! In all cases, however, you'll burn more calories with cardio (aerobic) exercise than with strength or resistance training. Strength training itself will not lead to an appreciable amount of weight loss because it just doesn't burn enough calories. But what about all that talk that more muscle mass equates to more calories burned, even when you're at rest? The only successful studies to show a significant calorie burn following a weight-lifting workout (afterburn) were done with serious lifters, working out for 60 to 90 minutes at a time and lifting as much as they could on every set. In fact gaining one pound of muscle will help you burn 5 to 10 extra calories a day. You could do that chewing gum. That's not to say that strength training isn't important for the overall health of the body. But when it comes to burning the most calories, go for cardiovascular exercise and vary the intensity. Do aerobic base-building workouts where you alternate between moderate and higher intensity, either within the same workout or on alternate days.

*a2ofitness.com/- The absolute best bootcamp group class I have ever taken is held on Fridays at noon and Saturday mornings at 7am. Just drop in for $10/class – you won‘t be disappointed.

*www.axiom-fitness.com/ - By far the best gyms in town. Not only do they have excellent equipment and are well priced, they have bar none the best free Group Training available. Get a week free and try out these classes (available at all locations): ZUMBA – of course!! I teach on Monday and Wednesday Evenings at 7:30pm Body Pump – full body weight training Pi-Yo – Yoga/Pilates Combo class to contemporary upbeat music Body Attack – High Intensity Interval Training Body Combat – Cardio Kickboxing RPM – Indoor Group Cycling *Trail Running, Skiing, Indoor Swimming – you can never go wrong with any of these!! Don‘t make cold weather an excuse for not getting in or staying in shape. Take your workout indoors or bundle up and get moving outside. Either way, keep doing that exercise you‘ll do!

*www.facebook.com/ZumbaFitandSassy - Zumba Classes are being held at the Power House Event Center in Downtown Boise on Wednesday and Thursdays at 5:30pm & 7:30pm. $8 drop in fee. (I am going to start teaching with them on Thursday nights in February) *Power Yoga – doesn‘t matter where you take it, just fit it into your workout schedule at least once a week. Make sure it is Power Yoga with a flow style. Continual movement makes this type of yoga more of a cardio workout.

Sandi Rubio moved here from Seattle with her husband Matt and two daughters, Bella & Rosie over a year ago to join the Front Street Brokers Team. She is Mike Turner's older sister and plays a crucial role in the success of the company. Sandi specializes in working with both sellers and buyers, with a focus on Luxury Homes, Downtown Condos and Investment Properties. She is also a certified Fitness Instructor who teaches Zumba and other fitness classes around town. Mobile: (208) 850-3681 Sandi@FrontStreetBrokers.com

Who wants to eat a cold salad in the winter? Here ’ s a hearty, healthy soup to try in your slow cooker: INGREDIENTS:

· · · · · · ·

·

1 tablespoon olive oil 2 medium-size red onions, chopped 1 medium-size red bell pepper, chopped 1 medium-size green bell pepper, chopped 4 garlic cloves, minced 4 teaspoons ground cumin 1 16-ounce package dried black beans

· · · ·

1 tablespoon chopped canned chipotle chiles (also called Adobo Chiles) 7 cups hot water 2 tablespoons fresh lime juice 2 teaspoons coarse kosher salt 1/4 teaspoon ground black pepper

PREPARATION: Heat olive oil in large nonstick skillet over medium-high heat. Add onions and both bell peppers and sauté until beginning to brown, about 8 minutes. Add garlic and cumin; stir 1 minute. Transfer mixture to 6quart slow cooker. Add beans and chiles, then 7 cups hot water. Cover and cook on high until beans are very tender, about 6 hours. Transfer 2 cups bean mixture to blender; puree until smooth. Return puree to remaining soup in slow cooker. Stir in lime juice, salt, and pepper. Ladle soup into bowls. Spoon dollop of yogurt into each bowl. Sprinkle with tomatoes and cilantro and serve.

PAGE 9


Lease Option Strategy Creates Huge Opportunity for Investors —Make Better Than 12% on Your Money, RIGHT NOW.  You can keep it as a regular rental, or If you have been watching the real estate market, waiting to start investing again, may  You could sell it and actually realize a profit (Remember what that’s like?) I suggest you consider investing in a Lease Option transaction? It’s a great way to add Given the prices we are seeing right now, a little more security to your investment. A all of these options are very realistic within Lease Option is like a rental property with a year or two. training wheels. So how can you, the savvy investor, take advantage of this situation? Simple. You purchase a house that will be desirable to one of our pre-screened lease option tenants. Once you close on the house, they enter into a lease with you, and pay an option fee. Our leases are structured so that these tenants are responsible for ongoing maintenance and all minor repairs, making them feel like the owners they are. We make the option price something that is fair to all parties to give them an incentive to In a Lease Option scenario, you aren’t deal- complete the purchase at the end of the option term. ing with a regular renter. These are folks who would be buyers, but they can’t qualify When they exercise the option, you get for a traditional loan. They have good jobs your investment back plus the profit from and down payment money, but they have selling it above what you originally paid for something negative on their credit report, generally some kind of financial setback in the home. the past few years - maybe they had a foreclosure, a short sale, or a bankruptcy - but This is perfect if you have a self-directed IRA or other funds that you just have now are back on their feet and enjoying new levels of success. We place them in a parked in a low yield ―safe‖ investment account. This is not an investment fund or a home that they really like, and give them security of any kind, it’s just you matched the chance to purchase it within a set one-to-one with a property that you hold amount of time. Because they pay an uptitle to. We can manage it, or you can manfront option premium to get into the home, age it. We have a list of approved and they have a huge incentive to stay current screened tenants and are always looking on payments and to maintain the value of for more investor partners. If you are interthe property. ested or want more information, contact me and I can show you some examples and we We have a loan officer screen our Lease can talk about specific numbers. Option tenants to see exactly what it will take for them to qualify for a loan at the end As with any investment, there are risks in of the option period. We help them keep track of their progress towards qualifying a buying real estate. And like anything risky, the more you can quantify and control the loan before the end of their option term. If they fail to exercise the option at the end of risks, the more confidence you can have in your plan. the lease you have several choices: One of the worst things about rental properties is dealing with vacancies. It takes time and hassle to interview and screen potential renters, all while not receiving monthly payments. This isn’t why you started investing in real estate. But it comes with the territory and you have to be prepared for it. This is one big reason why our Lease Option program is so popular. Having high quality tenants equals lower stress and a hands-free profitable investment.

You can extend the existing agreement to give them another chance – and collect an option extension fee.

You can lease option it to a new tenant - collecting another option premium.

Gavin McCaleb, 208-890-0591 gavin@frontstreetbrokers.com

Gavin McCaleb started in real estate as an investor in 2003 and since then has personally bought and sold over 100 houses. In 2004 he developed a comprehensive Short Sale curriculum that has been taught to thousands of investors nationwide. Over the years he has negotiated literally hundreds of short sales, working with most of the major national and local lenders. Gavin has lived in Boise for over 20 years. He appreciates the awesome recreational opportunities we have available here and enjoys snowboarding in the winter and golf in the summer. He and his wife have two daughters.

You probably already know if you should be considering a short sale on your house. If your mortgage balance is higher than the value of your home and you are having trouble making the payment, you are a candidate for a short sale. Sometimes you just want to have some of your questions answered without having to endure a sales pitch from a Realtor®. We have put together a website that has the answers to the most frequently asked questions about short sales. We also explain in detail the entire Short Sale process. If you don‘t find what you are looking for, submit a question and we will answer you directly and add it to the website‘s growing database of things people are most interested in learning. Of course we want to earn your business, but we never use high pressure or sales tactics. We just give valuable information and provide education and resources. You tell us when you are ready to list your short sale. Check out all the info at BoiseShortSaleHelp.com.


Upside Down in your Jumbo Mortgage or Commercial Loan? You Can Drastically Reduce Your Loan Balance By Gavin McCaleb Front Street Brokers Does this describe you? You bought your home a few years ago, but due to changes in the real estate market, your home has lost significant value. Now you are upside down in a huge loan. While you can still afford to make the payments, you are starting to wonder if you will EVER have equity in your home again. You probably won’t qualify for a short sale and if you just walk away you will ruin your credit and maybe end up owing the bank the full amount anyway. You have basically three options. First, you can continue making the regular monthly payments and hope that one day the value of your home catches up to the loan balance. Second, you could quit making payments and walk away which is being called a ―strategic default.‖ That will hurt your credit and poten-

tially expose you to other liabilities. OR, Third, you can call me and I will explain how you can reset the principal balance on your loan to match today’s home values. This is a new niche in the real estate and lending world. We may be able to negotiate the principle balance on your jumbo loan and get your equity back. This is critical info whether you want to stay in your home long term, or want to have the option of being able to sell it sometime in the future. To fit this program you must be current on your mortgage payments and have good enough credit and income to support the new monthly payment amount. Your mortgage loan must have a principal balance of at least $417,000 but there is no maximum. This program can also reset the principal balance on a commercial loan. As with the residential program, you would have to meet the criteria to qualify for a new commercial loan at the lower principal amount. Give me a call to discuss your situation and we can quickly see if this program will work for you. Gavin McCaleb, Front Street Brokers, 208-890-0591.

OWN A SWEET TIMBERCREST CABIN IN MCCALL FOR JUST $68,000 Price Reduced Due To Economy, Lock in this Awesome Price Today! Go in with a few family members and suddenly you’ve got a vacation home for the price of a car!  1/12 ownership starting at $68,000—Hassle Free Ownership CONTACT JARED COZBY  Stay anytime; the open schedule typically allows you to drive up for the night FRONT STREET BROKERS or for the week on short notice, so you can enjoy year round activities in McCall 208-740-5000  Rent out one of your weeks and pay for the entire year’s dues  These are NEW million dollar luxury cabins, your family and friends are going to love them.  3 bedrooms, 3.5 bathrooms, 3,200 square feet, office, loft for the kids  Have your family getaway cabin—hike, ski, fish, swim, golf, and make priceless memories—without the fuss! PAGE 11


BOISE HOME REVIEWS 4611 N Torridon Way $697,800

An absolutely perfect lot in the Highlands, situated on a private cul-de-sac with unbelievable ridge views of Crane Creek, the foothills, and Boise. You can enjoy them from nearly every room in the house and from the huge deck overlooking the course‘s water feature. Nearly a 1/2 acre lot, beautifully landscaped. 4 bedrooms, 3.5 baths, a 3 car garage, and 4,621 sq ft. In pristine condition. Formal living/dining area, family room, and hearth room, all luxuriously remodeled. Other luxury details include heated flooring, outdoor heated walks to melt snow, whole-house Bose audio system, and spa. I can‘t even imagine how much money you‘d spend including upgrades like this in a new build! Listed at $799,900.

The North End Foothills are a great place to live—close to everything Boise has to offer: Hiking and biking trails, Bogus Basin, downtown, and sporting arenas. But it‘s hard to find a newer construction home that doesn‘t need a lot of work or isn‘t in the million dollar price range. This house is the answer! 5 bedrooms, 4 baths, 3,938 sq ft. Awesome kitchen, theater room setup, great entertaining spaces, and a good-sized lot with a great view! The price is now reduced 50K to $697,800 —better than any other listing I have seen on the same street. If you‘ve had your heart set on moving to the foothills, this would be a great home to take a look at. Call Mike Turner, Front Street Brokers, 208-740-5000.

5897 W Echanove St $787,000 Home on 10 acres near Hidden Springs, only a quick 15 minute drive into downtown Boise. Bordered by Current Creek on the East and Dry Creek on the South.10.1 acres includes a barn with stables, fenced pasture, and corral. Horses and other animals welcome. Tons of walking and biking trails just out your backdoor. 4,200 sq ft, 3 bedrooms plus office, 3 baths, and 3 car garage. In pristine condition. Interior finishes evoke a warm, contemporary farmhouse feel. Super cool house in a super cool location:

only $787,000 Listing courtesy Group One.

Listing courtesy: Keller Williams Realty Boise

863 E Chardie $799,900 Located in the Hackberry extension of the Boise Highlands Subdivision, this home has amazing views of Crane Creek Golf Course and downtown Boise‘s skyline. The timeless exterior is finished entirely in red brick, and the mature landscape on the 1/3 acre lot lends to the private feel. 3 bedrooms, 2.5 baths, and 3,547 sq feet of open floor plan perfect for entertaining. The main level has one bedroom currently set up as a home office, and the master suite (complete with a dual head shower with skylight). Lower level includes a bonus room with wet bar, pool table set up, media viewing area, and has a second master suite. Outside, there is a patio and second level deck to take in your views of the water feature. Listed at $599,900. Listing courtesy Keller Williams Realty

313 W Thornberry $599,900


BOISE HOME REVIEWS

1850 S Travertine Way

2090 Talus Ave.

13225 N. Lookout Circle

This sharp-looking, Prairie style home is all about the VIEWS! Located in the El Paseo subdivision in the foothills of East Boise, gorgeous city and hill views are framed by an expansive wall of windows and two levels of outdoor porch and balcony space. Located on nearly a half acre lot with a ―just right‖ amount of yard. It was built in 2011 and has never been occupied, so it‘s in pristine condition; and just imagine how much more striking the outside is going to look when all the landscaping grows in.

This luxury home located in East Boise‘s Talavera subdivision is just minutes away from all the hot spots in Boise– Lucky Peak, Bown Crossing, biking, golfing, walking trails, and downtown. 3,480 sq ft, 3 large bedrooms with tons of closet space, 2.5 baths, and a 3 car garage, sits on a 1/4 acre corner lot. What impressed me most was how many ―thoughtful‖ details there were– truly a custom home in every sense of the word.

Luxury home with modern sensibilities in a rare large lot in Hidden Springs. If you‘ve always thought about making the move to Hidden Springs, but didn‘t care to have your neighbors looking into your window from theirs–THIS is the property for you! Located on a rare, estate-style 1.2 acre lot with private drive, this home takes advantage of its 360 degree views through over sized, industrial-style windows.

Inside there‘s a unique layout with main living spaces centered around an outdoor courtyard. Enjoy having friends Home has 3 bedrooms, 3 baths, an office, and 3 car gar- come over and watch the game in your own sports bar. Top-of -the-line sound system runs throughout the house age. 3,511 sq ft. Public spaces in the home feel almost loft-like in the way they‘re laid out. Perfect for keeping and out into the courtyard. Mountain views from the balcoan eye on young children. Everything finished with great ny off the upstairs family room. Cherry wood floors and cabinetry. Private entry master suite includes an oversized attention to detail in warm, contemporary finishes. A nice mix of dark and light woods and stone tile accents. steam shower. Home started at $699,000 and is now at $639,000.

Offered at $510,000

Clean, modern (but warm) finishes include bamboo, slate tile, and stained concrete flooring; top-of-the line, energy saving appliances; tons of upgrades; and unique fixtures. There‘s a built-in office nook in the landing, a basement room that would make the perfect theater (already wired for audio), and a 3 car showroom-style garage with plenty of sleek storage. Outside you‘ll find an outdoor courtyard with bench seating and a fireplace, as well as just the right balance between grass to play in and a low-maintenance landscape.

Listing Courtesy Syringa Realty.

Listing Courtesy Coldwell Banker Tomlinson-Cap

Overall the home is 4,364 sq ft, 4 bedrooms, and 3.5 baths. Offered at $650,000. Listing Courtesy Group One Eagle

Be The First To See Our New Boise Home Reviews Go To:

FrontStreetBrokers.com/Exclusive PAGE 13


Mike’s List STOP Randomly picking companies out of the phone book, Craigslist, or Google. If you are looking for help, whether it‘s someone to fix your sprinklers or an attorney to draft your will, then do yourself a favor and ask Mike who he likes to use. Below is quick list of some of his favorite local companies he uses and recommends. Don’t take a chance with your money and time. Call 740-5000 or Email Mike@FrontStreetBrokers.com for a recommendation or pick any company from this list.

Window Cleaning

Fire | Water| Mold | Air Quality

Picture Perfect Window Cleaning WindowCleaningBoise.com 208-401-6265 ―Tom has been providing quality work since 1988. He also does screen cleaning, gutter cleaning, Pressure Washing and Christmas light hanging.‖

―Ness Construction is far and above the best company in town in their field of expertise. Any kind of water damage, drainage issue, mold problem, etc they do it right the first time, and have helped save my clients $1,000‘s.‖

Roofing Company

Home Inspections

Idaho Roofing Contractors, Inc Levi Phillips 208-941-4280

Davin Strand Bent Nail Home Inspections 208-869-5557

―Levi has been helping my clients with their roofing needs for years. Definitely give him a call.‖

―Davin has been our recommended inspector for our real estate firm for years for good reason. He is the best.‖

Hot Tub Cleaning

Property Management

Spa Clean 208-473-4415

Matt Rubio Boise Rental Management 208.473.2418

―My brother owns this company, and he does an excellent job. If you own a hot tub, definitely try it out. He deep cleans the hot tub (including the jets), so it will stay clean much longer, and makes it like new.‖

―I refer investors to my brother-in-law‘s property management company. Not only is Matt the kind of guy you want in your corner, he is all business with tenants and helps you keep your investments profitable.‖


February 2012 Events Sun

Mon

Tue

Wed 1

Thu 2

Fri 3

12-1pm The Writers’ Block 89.9FM

12-1pm Real Estate Radio 89.9FM

Sat 4

Hokum Hoedown Linen Building, 7pm

5

12

Manhattan Transfer, Morrison Center, 7pm

6

13

―Twenty Five‖ Exhibit, Stewart Gallery, 1110 W. Jefferson

7

9

8 Steelheads Hockey, 7pm

14

15

10

BOISE REAL ESTATE SUMMIT 3:30-5, BOISE CENTRE ON THE GROVE.

16

12-1pm The Writers’ Block 89.9FM

20

21

22

23 12-1pm The Writers’ Block 89.9FM

Blind Boys of Alabama Egyptian Theater, 8pm

26

27

28

12-1pm Real Estate Radio 89.9FM

11 Valentine for AIDS, Flying M Coffeehouse, All day

18

New Shanghai Circus, Morrison Center, 7:30

Happy Valentines Day!

19

17

12-1pm Real Estate Radio 89.9FM

24

12-1pm Real Estate Radio 89.9FM

25

CELEBRITIES IN JEOPARDY: Egyptian Theater, 6:45pm

29 Idaho Stampede Basketball 7pm

Hear Us On The Radio—Fridays at Noon Boise Real Estate Radio Hosted By Mike Turner and Jared Cozby of Front Street Brokers.

Get the Lowdown on What is Happening in the Boise Real Estate Market. Tune in to Boise’s Only Non-Commercial Real Estate Show

89.9FM Listen Live at 89.9FM or on the web at: RadioBoise.org PAGE 15


REAL ESTATE CASH PURCHASES ON THE RISE By Mike Turner Front Street Brokers Despite record low mortgage rates throughout 2011, homes purchased with cash have been on the rise. Based on research from Hanley Wood Market Intelligence, it was discovered that 38% of homes purchased in 2011 were paid for in cash.

FRONT STREET BROKERS ON YOU TUBE! View virtual tours and video reviews of area homes for sale. Visit us at

www.youtube.com/frontstreetbrokers

38% seemed like a high number to me, but after doing some research on housing in the Boise area market where I live, I saw 27% of homes sold in Ada County through the MLS were purchased with cash funds, and 36% in neighboring Canyon County. However, the MLS doesn‘t include many homes sold via auction or trustee sales, which are almost all purchased with cash. Therefore, the Boise real estate market likely saw 40% of homes sold in 2011 to be cash-purchased. It‘s not all investors either. Fueled by economic uncertainty and a desire to stay out of debt, more and more people are taking their investment savings out of the stock market and banking them into the housing market, purchasing personal residences with cash. This trend appears to be getting stronger every year as tight lending standards remain and investors search for secure long term investments and inflation hedges for their cash. Owning real estate seems as good an option as parking money in a bank. This retreat from global stock markets to the US housing market is another reason why I believe that 2011 will be labeled the market bottom, and in 2012 we will finally see some home price appreciation.

YOUR BUSINESS SHOULD BE LISTED HERE! Boise Real Estate News is read by professionals, homeowners, and those in the market for a new home.

Reach this audience today! For a price sheet and circulation details CALL 208-740-5000

Or send email inquiries to info@FrontStreetBrokers.com


BOISE REAL ESTATE PREDICTIONS FOR 2012:

Who Should We Believe?

How can Forbes and Realtor.com come to such different conclusions? They can‘t both be right, can they?

By Mike Turner, Front Street Brokers Boise‘s real estate market has enjoyed some time in the national spotlight over the last couple of weeks. It all started when Realtor.com announced that Boise, Idaho was selected in its Top 10 list of Cities to see a real estate turnaround in 2012. Boise made the list because of a number of positive trends (including unemployment rates and median list price appreciation) positioning it for some positive growth in 2012. Good news, right?

The answer lies within the research for each study. Both Forbes and Realtor.com disclosed the data they used for their list. The biggest difference between the two was Forbes tended to look to past figures and use less data to base their opinion, while Realtor.com used more current information and analyzed a greater number of trends to determine their outcome. For example: Forbes.com focused on home prices today compared to last year and saw a drop, noted how many foreclosures per capita they saw being purchased in 2011, then drew their negative conclusions from the two.

Well, barely a week later Forbes published their own article putting Boise in their 10 Worst Real Estate Markets in US.

Realtor.com, on the other hand, studied how our high rate of foreclosure sales has contributed to a massive reduction in available foreclosures on the market, how our inventory of homes for sale on the market continues to decrease quickly, and even how our unemployment numbers are shrinking– causing demand for homes to keep growing.

In a short span of time, you get one report saying Boise is going to outpace the nation in home price appreciation in 2012, and another claiming Boise home rates will drop further in 2012. So who should we believe? Though I received feedback from my clients concerning both stories, those responding to the negative Forbes article were far more passionate, leaving comments such as I told you so and This confirms my belief that Boise home prices will drop further. But one client in particular asked me a great question:

One of a Kind Aspen Loft Condo 851 W. Front St #1201    

2 Bedrooms 2.5 Baths 2,349 sq ft Garage parking spot and basement storage included.

So personally I believe the Realtor.com study will prove the better and more accurate of the two predictions. Time will tell. One thing is for sure though, it‘s clear that few people seem to agree on anything anymore—especially when it comes to the economy. And for every parade, you‘re going to have some rain.

Most units at the Aspen Lofts, although nice, are finished identically. Here is your chance to own a

completely customized unit, built from an empty shell into a warm, traditional urban oasis, AND to buy it for nearly $400,000 LESS than a new unit. Enjoy a light-filled living room, den with built in storage and wet bar, 2 bedroom suites, large walk-in closet, gourmet kitchen, exercise room with sauna, and over 400 sq ft of outside deck space. Cherry floors and cabinetry, granite, professional-grade appliances and other luxurious finishes abound. From your location on the 12th floor, enjoy the dramatic changing landscape and downtown views from inside and out. Pet area available for all condo residents. Garage space and basement storage also included. This is a one-of-a-kind opportunity to enjoy luxury home-like space and finishes,

with all the benefits of living in the heart of downtown.

New units of this size are currently selling for 1.2 million.

offered at just $850,000.

This custom unit is

Listing Courtesy of Group One.

Call today for your showing: Sandi Rubio, Front Street Brokers, 208-740-5000.

PAGE 17


2011 Was the Year of Decreasing Supply in Boise: What it Means for 2012 By Mike Turner Front Street Brokers

Do you remember the Law of Supply and Demand from economics class in high school? When supply goes down and demand goes up it equals higher prices, and vice versa. In Real Estate, it’s considered to be a good and healthy year when there is about a six month supply of homes on the market– meaning the total number sold in a month should equal approximately 1/6 of the available inventory. If the inventory levels drop below six months, it is considered a seller’s market. If they rise above six months, it’s considered a buyer’s market. The national average is currently about eight months of inventory, creating an overall buyer’s market in America (no surprise there). Boise, Idaho on the other hand is experiencing an odd phenomenon. Where it once had close to 16 months of inventory during the crash, it

has now had under six months of inventory for most of 2011. Boise has even seen some year to date price increases from this inventory shortage, and is a market positioned to do very well in 2012. This rapid reduction in inventory is happening in a few metro markets hard hit by the real estate crash, including parts of Florida and Phoenix, AZ. However, some of these markets are seeing an early rebound only because they’re located in high demand areas for buyers and home prices are just too attractive to pass up. Although Boise might not be as attractive a place weatherwise to live as Florida or Arizona, it is located in a state where the foreclosure process is much faster than other states. Therefore, the back log of foreclosures predicted to enter the market and hinder recovery in 2012 is not prominent here the way it is in larger states with more complicated foreclosure laws. Boise is easily one of the hottest markets to watch in the coming year, and I think we’ll soon see the law of supply and demand at work with home prices rising to accommodate their rapid reduction in supply.

GOOD NEWS FOR NEW CONSTRUCTION! HOUSING STARTS UP 24% OVER LAST YEAR By Staff Writer, Front Street Brokers After seeing new construction home sales in the Treasure Valley drop five years in a row, the Boise Real Estate market could finally be experiencing a reverse in that trend. With homebuyers struggling to find suitable housing on the open market, more Boiseans are starting to look at building a new home instead of purchasing an existing one. Eagle, Idaho is looking especially promising–seeing more building permits issued in 2011 than it saw in 2006. The move towards home building could be a result of the fact that the Boise housing market is experiencing a shortage of homes for sale due to foreclosure listings dropping by over 50% in one year, and non-distressed sellers refraining from listing their homes because market home prices remain low. It seems people that have the money to buy a home who aren‘t finding what they want are taking advantage of still drastically reduced lot prices and choosing to build instead. Though growth in the single family construction market is up, the main source of the rush in new building permits in the fourth quarter of 2011 came from construction of multi-family buildings. Either way, increased building is good news for the many laid-off

workers in Boise‘s once booming construction industry. Nationwide numbers look good, too: Housing starts were up over 24% in November compared to last year, and up 9.3% from October. New Housing starts have been picking up over the second half of 2011, after dropping 22.5% in February—the largest monthly decline since 1984. This is exactly the news everyone was

hoping to hear since a surge in the new construction market means a surge in the job market. Statewide, Idaho unemployment is the best is has looked in a couple years. Let‘s all hope these numbers continue to improve, and 2012 brings even more jobs for Idahoans and more homebuyers getting just the home they want—whether bought or built.


Luxury Home Foreclosures 10499 W. Sultana, Boise

You will not BELIEVE how gorgeous this lot is! A total hidden, bank-owned gem that you need to take a look at. 2,876 sq ft, 5 bedrooms (5TH bedroom is above the detached shop), 2.5 baths, theater room with wet bar, and a huge shop with RV bay. Waterfront views like you won‘t believe! A pond with waterfall feature in front, and the Boise River with tons of trees right out your back door. Inside, it has really dramatic features, including soaring ceilings covered in light logs and a custom log banister. From the pictures it looks a little overkill with the log cabin look, but when you are in the home you see that it is actually well done and fits into the setting quite well. They previous owners just dumped a ton of money into this BANK OWNED PRICE: place. It is ―no joke‖ one of the BEST $995,000 LOTS IN BOISE. Last sold in 2003 for 1.3 million. Listing Courtesy Group One Eagle View a Video Tour at www.YouTube.com/FrontStreetBrokers

Brand new luxury foreclosure on the market in Eagle‘s coveted Rivers End Subdivision. Sits on a not too big/not too small .33 acre lot, backing up to a stocked neighborhood pond. Also just steps away from the Boise River with walking trails. Awesome location! Enjoy your waterfront views from your large covered back patio. Yard is fully fenced with dog run. Shop space included as well.

1057 E Rivers End, Eagle

3 very large bedrooms, 3.5 baths, a one-level home with bonus room upstairs. Perfect for a smaller family or empty nesters who still want a lot of space for guests and entertaining. 3,487 generous sq ft in an open floor plan. Kitchen has upgraded appliances, custom cabinetry, and Travertine floors. All the custom details you‘d expect in a luxury home. Listing Courtesy Coldwell Banker Tomlinson Eagle

FORECLOSURE PRICE:

$475,000

4650 E. Wildhorse Ln, Boise

Located above Table Rock, the 4 acre view lot offers 360 degree views of downtown Boise and foothills. About 15 minutes to downtown. I thought this home was a decent deal when it was price at 1.5 million! Custom contemporary home, with designer-finished interior. Heated salt water pool, indoor/outdoor fireplaces, and multiple private decks & patios—you‘ll never want to go inside! 5 Bedrooms, 4.5 Baths, 5,763 sq ft, 4 car garage. Full exercise room. Private gated entrance. Live the dream!

SALE PENDING ON THIS PROPERTY!

Listing Courtesy Keller Williams Realty Boise.

Don‘t miss out on an awesome foreclosure deal like this one! Sign up today at

IdahoLuxuryForeclosures.com and get the latest on new foreclosed homes.

FORECLOSURE PRICE:

$875,000


Eagle home reviews

6730 N. Conagher

3726 W. Houseland Ct.

You won‘t believe everything you get for $650,000-this home and land are definitely priced to sell! Imagine winding your way down your private, tree-lined driveway, through your 5.27 acres, and pulling into the driveway of your picture-perfect home. The property is spectacular! Lots of mature trees, separate and fully-fenced pastures, barn, multi-stall tack room, and covered dressage arena. Then there‘s the RV Parking, large trout-stocked pond, shop, garden space AND separate guest suite. If you have horses and love the Inside, there are 4 bedrooms, including 2 master suites, 3.5 outdoors, I can‘t imagine a better property for you! baths, and 4,404 sq ft. Radiant heat tile floors throughout. Stunning tongue and groove wood ceiling in the large When you finally make it indoors, you‘ll find an open kitchen/great room area. Custom cabinetry, built-in, proand light-filled floor plan. 3,595 sq ft, 4 bedrooms, 4.5 fessional-grade appliances and slab granite counters. baths, and a 4 car garage. Every room boasting a great view of your property. Located on a private cul-de-sac in Eagle‘s Highlander Estates, this property sits on 11.72 acres with wide-open, breathtaking views. Includes a 2,688 sq ft barn with stalls, tack room, riding arena, and fenced pasture. A horse owners dream! Outdoor kitchen has built in grill and wired for refrigerator. Enjoy your views from your oversized back patio, or the private deck off the master bedroom. 4 car garage includes RV parking and plenty of room for storage.

This home is currently listed at $895,000–impressive since just two years ago it went on the market for 1.29 mil- Listing Courtesy Windermere/Richard B. Smith lion. I think once you‘ve seen it, you‘ll agree it feels like a million dollar property. Craftsmanship, location, views, and plenty of room! READ MORE OF MIKE TURNER‘S Listing Courtesy GroupOne Eagle HOME REVIEWS AT

FRONTSTREETBROKERS.COM

185 Salina PRIVATE LISTING Feel like you stepped into an Italian mansion, inside and out. 5 bedroom home, meticulously maintained with a ton of upgrades, in a great Eagle neighborhood. Theatre room, gourmet kitchen, dramatic open floor plan. The backyard is simply to die for! I can see hours of fun and entertainment sitting by the pool in summer, dipping into the spa during winter, grilling on the built in barbecue in the outdoor kitchen during football season, and keeping warm by the outdoor fireplace in spring. RV/ Boat parking and plenty of storage. The large lot backs up to open space – giving you the feel of a large acreage property without all the hassles. The special financing options on this home make it attractive to many buyers, so don‘t delay if this home is within your budget. Priced at $549,000. Call Mike Turner, Front Street Brokers, 208-740-5000.


BUILDING LOT FORECLOSURES

$99,500 for this 5 Acre Boise Foothills Lot. Banked Owned REO with D.L. Evans Bank. Gas, Phone To Lot. Proposed well and septic. Located off of Hwy 55, on the East side 1/2 mile past Beacon Light. Listing Courtesy of Jon Gosche Real

$109,000 for a 1.95 Acre Eagle lot. Located near Floating Feather and Meridian Rd. Bank Owned REO with Home Federal. Lot has access to City Water, and Gas, but will need a septic. Listing Courtesy of Coldwell Banker Tomlinson

Estate

$175,000 for a .79 Acre View Lot in Terra Nativa in NE Boise. Bank Owned REO with Bank of the Cascades. Similar lots were selling for $350k a few years ago. Awesome location, Million dollar homes through this subdivision. Listing Courtesy of Idaho Commercial Brokerage

A couple Boise Riverfront lots remain for under $85,000 in Boise‘s Riverfront District. One is a short sale previously purchased for $205k. Smaller lot but right on the river in Boise, with Greenbelt trails out your back door. Listing Courtesy of Rocky Mountain Real Estate

Before You Build—Talk To Us We understand, sometimes you just need to BUILD to get what you want. The good news at Front Street Brokers is that we have a New Construction Division that is dedicated to helping you find the best lot and builder match. We know the builders in town that you should speak with depending on the size, scope, design and budget of your project. We can help you AVOID making the wrong decision with a builder which can cost you big money and create a nightmare experience.

Here is how you benefit: 1. Finding the Right Lot and Builder: Let our New Construction Team help match you with the right Builder and Lot, and make sure you are getting the best price for the lot and home you desire. This includes setting different interviews with a handful of builders we highly recommend and helping you narrow down the best fit for you. 2. Assistance with Financing: Finding good financing options for lots and/or construction loans in today‘s market is very challenging. However the agents in our New Construction Division have consulted with dozens of banks and can lead you to the best sources for Lot and Construction Loans available. 3. Have an Ally During the Building Process: As your partner we will have your back and can monitor the project start to finish, and if needed we can discuss issues with the builder with you or on your behalf in case you are not local at the time of the build job. There is NO COST for our services. Let us help you have the best experience building your NEW HOME. CALL 208-740-5000 and ask to speak with an Agent about New Construction


SO YOU WANT TO SELL YOUR HOME IN 2012: How good are your odds? January marks the start of a new year and a pivotal month to analyze housing data– including odds of selling your home in a particular market. This is a number calculated by comparing the number of properties available for sale on the open market vs. how many sell each month.

To watch a YouTube video about this story, visit:

frontstreetbrokers.com/2012news

Up until 2006, you could barely keep a home on the market in Boise for 30 days before it sold. I‘m sure most of you can recall the frenzy of property-buying that went on in this and other hot real estate areas during the early 2000′s. After the economy turned, the housing market saturated as investors quickly tried to dump properties at the same time panicked homeowners threw their homes up for sale, all coupled with the slew of new construction properties still being completed. Almost overnight, we flipped from a sellers‘ to a buyers‘ market. The 4th quarter of 2008 marked the worst point for home sales as the tail end of new construction homes were completed, and building slowed dramatically. Gradually, home prices came down, available properties were purchased, and the market slowly began to stabilize. Now, Boise has enjoyed nearly a year at the ―healthy market point,‖ meaning less than a six month supply of homes available for sale. Job availability, finance, and other economic indicators are still creating a buyers‘ market nationwide, but by all indications, 2012 should see home prices start to inch up. Good indicators of this are the steadily-rising prices on bank-owned foreclosures. Banks are learning that they don‘t have to price properties at rock bottom to get them to move anymore, even to move quickly. As numbers on those types of sales rise, so too, should the numbers on traditional sales. So what are the odds of you selling your home in 2012? Rest assured, they look healthy. –Mike Turner, Front Street Brokers

FREE REPORT

Idaho luxury Home Deals Homes that have been discounted up to 65%

IdahoLuxuryForeclosures.com Get Monthly Market Reports and Weekly Email Alerts

Keep up to date with special events, new listings, market information and much more!

We Need your Referrals 80% of our business is from referrals If you appreciate this newspaper and want your friends and family to work with the most knowledgeable real estate brokerage in town who are also committed to community involvement, please send them to us.

FRONT STREET BROKERS 877 W Front St, Boise ID 208.740.5000


Go Play!

NEW PARKS SCHEDULED TO OPEN IN THE TREASURE VALLEY By Jared Cozby Front Street Brokers Everyone has enjoyed a city park, whether big or small, at some point in their life. Maybe it was to see a concert, play Frisbee golf, let the kids run off some energy, or just go for a Sunday afternoon picnic-- parks are a great amenity. Lucky for Treasure Valley residents, there are two large parks and a handful of neighborhood parks scheduled for completion in 2012.

Marianne Williams Park Marianne Williams Park evolved from a 70acre undeveloped parcel of land donated to the City of Boise by Larry Williams in honor of his wife, Marianne. It is located on the Boise River near Harris Ranch in the Barber Valley. This park will feature native plant species, gazebos, play area, paved trails, picnic tables, restrooms, a fishing dock, and greenbelt access. Two separate lots will mean plenty of parking space. Not only will this be a park for all to enjoy, but development has rid the property of invasive trees and bushes, and the new environment will be a welcome habitat for the local wildlife. Set to open in spring 2012.

Julius M. Kleiner Memorial Park Julius M. Kleiner Park is currently under construction at the NE corner of Eagle and Fairview. This 60-acre park was donated by Eugene Kleiner, son of Julius Kleiner, who inherited the parcel of land when his father passed away. Eugene not only donated the land to the City of Meridian but also paid the $25 million to develop it into a park. This is truly a great gift to the residents of Meridian who will not only get to enjoy it, but won‘t see any change in taxes as there were no city -appointed funds used in its development. The park will include two ponds, rolling hills, trails, a band shell, and many other amenities for residents to enjoy. Opening is scheduled for spring 2012.

Neighborhood Parks On a smaller (but no less significant) scale, there are three neighborhood parks set to open in Boise this spring. Seven-acre Somerset Park, located on Clubview Court in North Boise; Stewart Gulch, a 5.8 acre park located on Eyrie Way in Northwest Boise; and seven-acre Terry Day Park on the Bench near Kootenai and Federal Way. All will feature playground equipment, shade trees, and grassy play areas. Julia Davis Park will also be getting a face lift. This 100-year-old park will be adding

an agricultural pavilion, a Children‘s Cancer Pavilion and a Cancer Survivor Plaza. Improvements and additions are expected to be completed throughout the spring and summer. I know it‘s only February and we have a couple more months of dreaded winter to endure, but isn‘t it nice to look forward to enjoying the warmer months ahead outside in one of the many wonderful parks—old and new-- the Treasure Valley has to offer?

Search more Boise area parks: www.cityofboise.org/Forms/ parks/parkslist/


We‘re Hiring Front Street Brokers Is Expanding Their Office and Looking to Hire the Best Real Estate Agents in the Valley. Front Street Brokers is Growing…New Downtown Office Space Coming Soon… Give Your Real Estate Career An Extreme Boost And Join The Team Today. Franchise v. Front Street Brokers Unlike most Brokerages that have the primary goal of maximizing the number of agents to increase brokerage profits, we operate with a completely different vision. Front Street Brokers‘ goal is NOT to be the biggest firm, but rather to be the best, having some of the best agents in town that dominate the market through their good work ethics and by providing them with the right tools and support to out perform the rest of the market. To attract the best agents Front Street Brokers has structured their Commission Splits and Profit Sharing plans to be some of the most appealing in the business.

What You Can’t Get Anywhere Else FSB is not like any other Brokerage in Idaho. So rather than going over details most brokerages offer, here is a sampling of how real estate agents benefit from moving their license to Front Street Brokers 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15.

Boise Real Estate Newspaper: Free Print Advertising for your listings Boise Real Estate Radio Show: FSB has been doing a real estate radio show in the Valley for over 2 years Web Marketing: Leverage Current Site and Implement New Custom Sites To Promote Your Business Technology Training: Weekly Web and Video Training Available Broker Provided Leads: FSB online and offline marketing efforts provides new customers every month Walk-In Traffic: FSB premium downtown location gets a surprising amount of walk-in and call-in traffic from locals and visitors FSB Fan Base: Leverage our large local fan base from Web, Radio, and Newspaper initiatives Market Visibility: For a smaller brokerage, FSB is easily one of the most visible to local and out-of-state customers Market Positioning: FSB market share continues to grow in the Mid to High End Homes across the valley Unique and Effective Marketing Strategies: Set yourself apart from the crowd with exclusive marketing from FSB Video Studio: Have access and leverage to our on-site video production studio Free Downtown Parking: Enjoy free unlimited downtown parking for work and play Instant Credibility: One of FSB’s biggest strengths is the public’s awareness of our market expertise and knowledge 1 on 1 Marketing, Sales, and Business Coaching: Broker provides private monthly coaching to agents Profit Sharing: Best profit sharing plan in the business. Learn how to make an extra 15-20k this year!

How much money is it costing you to stay another year at your current brokerage? We are looking for Real Estate Agents—New or Experienced, Individuals or Teams, who want to upgrade their real estate business, while taking home more of the money they are currently earning in commissions.

The Doors are Finally Open at Front Street Brokers: Don‘t miss this limited time opening to join FS Brokers. New office space is coming available soon so reserve your spot before they fill up. Even if you work from home, we will shut the door on taking on more agents once we reach our desired capacity.

BROKERS

Take Action Now: Email mike@frontstreetbrokers.com to schedule a private interview to learn more.


Boise RE Newspaper FEB 2012