OK, OK, I know "the Market is in the toilet"

and the sky is falling & Blah Blah Blah-

Let's talk Reality V/S Realty

Boise Valley Inventory in 2009 is Down 10% in numbers and 25%+ in price from 2008 at the same time

Yes the "Media" will leave you to believe that - DOOMSDAY HAS ARRIVED - However the truth of the matter is that while the Boise Idaho market is indeed off from the anomaly years of 2004-2006, It is not that far off from the pre 2004 Boise Idaho market, which everyone agreed upon was a "Good Market" just 5 years ago. The constant onslaught of the media expounding on the negative actually makes the market worse than it is in Reality.

The truth of the matter is the Boise Idaho Valley area is still growing, which translates into lower than National unemployment rate, and is one of the more stable economic environments in the country.

It is quite true that the Boise Idaho Real Estate & the Boise Valley Real Estate in general are definitely in an abnormal over-supply condition. It is also true however that the inventory has been reduced by roughly 10% in the Boise Valley Real Estate market in the last 12 months. Unfortunately the "Media" does not focus on the positive improvement because they believe it doesn't sell. They know from past history that negative news may not be "good news" (however as unfortunate it may be), it does sell newspapers and it does increase Television viewership. Hence the negative news media does indeed control or at the least heavily influence the public's decision to purchase or not to purchase, based on the belief that what they hear and see is true. Unfortunately this influence is felt not only in the Boise Idaho and Valley Real Estate Markets - it ripples out through the rest of the discretionary spending market to a similar degree, causing the entire local economy to falter.

The Reality of the Boise Valley Real Estate Market is that it is absolutely the "BEST" Buyer's Market that we have experienced in my 35+ year career! The selection is fabulous by any standard - The interest Rates at an All Time Low 4.5% range Fixed Rate - and last but not least almost everyone is willing to negotiate a lower price by 5%-20%+ .... oh and did I mention concessions - well what do you want? help with closing costs? All of your closing costs? Refrigerator? Washer & Dryer? furniture? the car in the driveway? the dog? Name it and you have a very good chance of getting it!.... What is not to love about this Boise Valley Real Estate Market? Oh yea that's right ... "the Media" thing about the sky is falling ...blah ...blah....blah

The other significant fact being overlooked by the media and the media followship is the impact of the very unusual exuberant Winter as well as the National Economic Bad News contributing to the Reality of Sellers feelings of desperation and depression about the ability to sell their homes. Couple the above mentioned Boise Valley Real Estate Market conditions with Seller desperation/depression and you get the "Best Purchase Power" that you may witness in the next few decades. Again have you read/heard anything about this in the Media? No of course not. By the time you hear about it in the media, you will have already missed a lot of the gain and profit that are sure to come from the results of the after life return of the Boise Valley Real Estate Market.

Now let's address the unfortunate sellers predicament ...... or is it? Again what will the media tell you? Don't sell unless you absolutely have to - It's a terrible time to sell – Short Sales climbing – Foreclosures – Prices dropping with no end in sight - the sky is falling - blah blah - blah Let's again turn to REALITY - If you are a move up buyer and say you own a $200,000 home and it is time to purchase a larger home because your family has grown. If you listen to the "Media" you will stay put because you can't bear to lose all that money in a "Bad Boise Valley Real Estate Market, so you do nothing .....but lose more! How you ask? OK lets look at facts: The more expensive the home - the larger the discount. $200,000 homes are currently discounting marginally by comparison at about 5% or less than asking price. - say $5,000 - $10,000 off. Now let's look at $400,000 homes which are currently discounting 5% - 8% - say $20,000 - $32,000 off. So what if you give up $10,000 - if you get $20,000 - $30,000 off on your subsequent purchase? OK .. so let's say you have to sell the $400,000 house and give up $30,000 - that's a lot of money unless of course you are going to buy a $600,000 home for $500,000 - $550,000 Compare a savings of $100,000 to a loss of $30,000. If someone told you to sell $100,000 of bad stock for $70,000 you would probably not do it ...unless of course you knew the $70,000 could buy you $150,000 worth of more valuable stock. In other words - It's all Relative -

So who should not sell Boise Valley Real Estate? Anyone who is in a move down market is going to suffer or anyone who is not going to repurchase at a higher value should probably not sell unless they have to or can’t wait for 12-18 months for the return of the normal Boise Valley Real Estate Market.

The opportunity to make a lot of money in Boise Idaho and Boise Valley Real Estate is here now today! Within the next 12 months there will be countless opportunities to invest in your next home ... at yester-year pricing... Pre – 2004 Pricing in many cases… and at phenomenal interest rates with enormous selection for those willing to swim upstream against the media flow, and step out and take advantage of a very unusual and temporary condition in the Boise Valley Real Estate Market.

Dale Alverson is a 35-year career Realtor and the Relocation Director at 43 Degrees North Real Estate. He is Idaho’s 1^st and only Certified Buyer’s Agent as well as one of three Certified Relocation Professionals in the Valley.

If you have questions or comments about your options in 2009 in Boise Real Estate (whether to buy, sell, remodel, or just stay put and do nothing) please feel free to contact Dale at your convenience for counsel and free consultation.

Best wishes from Team Boise for 2009 – Happy Real Estate

35+ years representing Clients not Sales

43 Degrees North Real Estate

Dale Alverson - direct cell 863-3093