0Posted by Chase Craig on September 27, 2011 at 12:09 pm
Kuna Idaho Real Estate: Denali Heights Subdivision Market Report
Click on the interactive map above for street view
Denali Heights Active Listings:
Total Active Listings: 1
Total Bank Owned or REO: 0
Total Short Sales: 0
Low List Price: $214,900
High List Price: $214,900
Average List Price: $214,900
Months of Supply: 6 – Adjusted months of supply to allow for build jobs – 1.5 Months of Supply.
Denali Heights Pending Sales:
Current Pending Sales: 1
Low Pending Price: $269,000
High Pending Price: $269,000
Average Pending Price: $269,000
Denali Heights Closings:
Sold transactions in the last 12 months: 2
Closed Bank Owned or REO in the last 12 months: 1
Closed Short Sales in the last 12 months: 1
Low Sold Price: $312,000
High Sold Price: $351,000
Average Sold Price: $331,500
Total Sold Lifetime: 18 (This number may seem low…particularly because there are more than 18 homes in Denali Heights. Many builders don’t report their pre-sold build jobs to the MLS).
Information Courtesy of Intermountain MLS 09/27/11
Over the last 12 months, Denali Heights has seen more growth then our tracking systems allows. If you go to www.cityofkuna.com you can see building permits for Denali Heights. In the Last 12 months, Denali Heights has had 6 building permits pulled, none of which were listed in the MLS. That puts 8 total sales in the last 12 months with only 1 home actively on the market. That is why the adjusted months of supply is 1.5 months. If you are looking to sell your home in Denali Heights, now is a prime time to consider it because in 45 days, there wont be any homes on the market.
0Posted by Chase Craig on June 27, 2011 at 8:00 pm
Crimson Point Kuna Idaho Real Estate and Homes Available, Pending and Sold
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Click on the interactive map above for street view
Crimson Point Active Listings:
Total Active Listings: 14
Total Bank Owned or REO: 0
Total Short Sales: 2
Low List Price: $115,000
High List Price: $198,681
Average List Price: $142,249
Crimson Point Pending Sales:
Current Pending Sales: 1
Low Pending Price: $114,900
High Pending Price: $114,900
Average Pending Price: $114,900
Crimson Point Closings:
Sold transactions in the last 12 months: 26
Closed Bank Owned or REO in the last 12 months: 9
Closed Short Sales in the last 12 months: 7
Low Sold Price: $104,000
High Sold Price: $225,000
Average Sold Price: $144,772
Total Sold Lifetime: 292
Information Courtesy of Intermountain MLS 06/27/11
With almost 62% of Crimson Points sales coming from distressed properties in the last 12 months, new construction has come to a serious halt. The good news being that there are zero active bank owned or REO listings in Crimson Point and only two active short sales. Look for an increase in new construction sales over the next 12 months and more happy Crimson Point Homeowners. Are you looking to buy or sell a home in Crimson Point? Put my experience to work for you! With over 38 listings sold in Crimson Point alone, you will be hard pressed to find someone with a better understanding and enthusiasm for the community as me. I am not bragging, I’m applying for a job. Click the contact me button on the left to get a no obligation home valuation or list of homes in Crimson Point and the surrounding areas.
Total Distressed Properties (Bank Owned and Short Sales): 0
Low List Price: $229,900
High List Price: $495,000
Average List Price: $323,683
Harris Ranch Pending Sales:
Current Pending Sales: 10
Low Pending Price: $219,900
High Pending Price: $478,900
Average Pending Price: $344,072
Harris Ranch Closings:
Sold transactions in the last 12 months: 51
Closed Bank Owned or REO in the last 12 months: 3
Closed Short Sales in the last 12 months: 3
Low Sold Price: $215,000
High Sold Price: $820,000
Average Sold Price: $321,716
Total Sold Lifetime: 612
Located just 5 miles east of Boise, Harris Ranch is an actively growing community. With over 51 homes sold in Harris Ranch in the last 12 months with the average sales price well into the $344,000 range, it’s hard to think recession. With a close proximity to Micron and downtown, Harris Ranch is conveniently located for most. Enjoy Hiking, Biking, Fishing and Boating all within a short walk, bike or drive of your front door. Would you like to live in Harris Ranch? Click the contact me button today to schedule a private tour and find the home of your dreams. Place your trust in my experience with well over 400 new construction transactions, I’ll make it easy!
1Posted by Chase Craig on June 25, 2011 at 8:30 am
New Home Community, Solitude Place in Meridian, ID
Beautiful Meridian new home community located close to Settler’s Park. Community features play grounds and numerous common area. You can find Solitude Place located at the Southeast corner of Meridian Road and McMillan in Meridian, ID. This Hubble Homes community features active listings priced from as low as $119,500 to as high as $179,990 and homes from 1400 square feet to 3592 square feet. Contact Chase at chase@ownboise.com for more information on available homes in this community or to list your home.
Feel free to contact me with any questions or comments. Thanks for watching!
I get this question from many Boise home buyers that have decided to purchase a home. What is a home warranty and should I get one?
What is a home warranty?
A home warranty is a plan purchased by the home buyer or seller from a 3rd party company which can cover items including but not limited to;
Heating
Attic and Exhaust Fans
Built-in Microwave
Kitchen Refrigerator
Ceiling Fans
Circulating Pumps
Dishwasher
Ductwork
Electrical System
Garage Door Openers
Garbage Disposal
Instant Hot Water Dispenser
Over/Range/Cooktop
Pressure Regulators
Sump Pumps
Telephone Wiring
Toilet Tanks and Bowls
Trash Compactor
Plumbing Stoppages
Plumbing System
Water Heater
Home Warranties can range in price from $250-$400 for buyers 1 year coverage. The coverage “details” or “fine print” on the warranty booklets are about a mile long and include terms such as “plumbing stoppages not covered – Stoppages caused by roots, collapsed or broken lines outside the main foundation, access to drain or sewer lines from vent, removal of water closets (toilets), and costs to locate, access or install a ground level cleanout.”
Another key thing to remember with a warranty plan is that if you want to have something serviced, you will pay a $60-$100 service call fee when the technician arrives at your home.
What is not typically covered in your home warranty?
Central Air Conditioner
Free Standing Ice Maker
Free Standing Freezer
Additional Refrigerator
Pool and/or Spa Equipment
Clothes Washer/Dryer
Well Pump
Septic Tank Pumping
Central Vacuum System
These items that are typically not covered can be covered from as little as $20 for Central Vaccum to as much as $150 for pool and spa equipment.
As a buyer, should you purchase a home warranty?
Like any insurance or warranty, it only comes in handy if something goes wrong. It would be advantageous to purchase a home warranty if you felt you were going to need it. An older home might need something fixed more often then a newer home, therefore a home warranty would not only provide some peace of mind, it would likely come in handy in a pinch. One of the best warranty plans that you can get is from hiring a quality home inspector to inspect the property and evaluate the expected lifespan of the properties major appliances as well as structural features like roofing, framing and insulation.
If you have little to no money in savings and you are purchasing a 50 year old home in the North end of Boise, it would be a good idea to purchase a home warranty plan. While the plan may run as much as $400, you can actually wrap that cost into your home loan so you don’t have to come out-of-pocket with the money yourself. You can even ask the seller of the North end Boise property to include it in the purchase price of the home.
If having to spend $3,000 to fix your furnace in the middle of winter would cause you to foreclose on your Boise property, maybe you should get a home warranty.
As a seller, should you purchase a home warranty?
What is the benefit of purchasing a home warranty as a seller? One benefit is that purchasing a home warranty as a seller covers the property during the listing period. This could really come in handy should you sell the property and the buyer performs a home inspection. The items that show up on the home inspection may be covered for as little as $60 and during a home inspection, warranty items are likely to be found. Another benefit of purchasing a home warranty as a seller can be for marketing your home. Going back to our older North End Boise property, some buyers might be turned off by the idea of future maintenance on the property. A home warranty might be just what the buyers need in order to take a leap on your particular home. Sure they could purchase a home warranty on their own, but some boise home buyers aren’t aware that you can purchase a home warranty. A home warranty already on your property also gives the buyers a feeling of security that if there is a warranty already on the property, the property should be in pretty good condition. After all, nobody would warranty something that was going to fall apart, right?
The answer of whether you should purchase a home warranty can be answered by only one person, you. I would advise that if your property was in bad shape, maybe some renters damaged the property and you dont quite have the money to fix it up, you could purchase a home warranty. You could even market the home as “sold with home warranty” without even purchasing one until the home sells, which could be purchased through funds from escrow and taken out of your proceeds, so literally no out-of-pocket money until you sell the home.
Can you purchase extended coverage for new construction homes?
Yes – While most new construction homes come with 1 to 2 year warranties on them standard, you can purchase a 2-4 extended warranty above and beyond the included builders warranty. This can run between $400 and $600 depending on the warranty company and again, you could possibly talk the builder into including this into the purchase price of the home.
Boise Condominiums, Townhouses and Mobile Homes
You can purchase warranties for condominiums, townhouses and mobile homes as well. It is typically less expensive to purchase a warranty plan for these.
Why should you consider a home warranty?
To potentially save money of course! Let’s be real here, the warranty companies are obviously making money or they wouldn’t offer a warranty. What kind of money can you plan on spending should you have an issue with your home? Here are some common issues and prices that go along with them for repairs or possible replacement;
Heating System – $130 to $3,500
Water Heater – $115 – $1,500
Dishwasher – $98- $1,250
Air Conditioning – $130 – $4,000
Oven/Range – $110-$2,700
Kitchen Refrigerator – $110-$3,800
Plumbing – $95-$7,500
Electrical System – $85-$2,500
These prices and fees are estimates and based on current retail pricing. For as little as $60, you could save as much as $7,500 should you have a plumbing disaster…A sh*t show if you will…Sorry I couldn’t resist!
To quote an overused term in the news, “We report, you decide!”
Let me know if you have any questions about obtaining a warranty by contacting me today!
