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Boise Real Estate News Roundup for Early May 2021

Periodically, we’ll write an article in our weekly blog that discusses real estate news. The information is a collection of links and other details that you, our loyal reader, may find interesting or noteworthy. Any pricing, statistics, availability, or further information are current as of the date this article is posted, as those details may change at any time.

Without further ado, let’s jump into the Boise real estate news.

Boise Real Estate News

Featured Property

Since real estate is a hot commodity here in the Treasure Valley, we thought it would be prudent to feature a property that is a definite head-turner.

2387 S. Ridgeview Way
Boise, ID

2387 S Ridgeview Way Branded from Sunny Skies Media on Vimeo.

You can elevate your lifestyle on the Mesa with this rare find! Located in the coveted Warm Springs Mesa community, this mid-century modern mesa view home has it all. Be the first to enjoy an extensive remodel of this 4296 sq ft 6 bed/4.5 bath home. Split equally into two levels, the unique versatility of this floor plan cannot be overstated.

The home boasts two full kitchens, two master suites, two fireplaces, and endless living options. Walk into an open floor plan that captures the best of the valley. Admire this smart home as you move seamlessly from living to kitchen to formal dining, and settle into your bar nook with two TVs. At the end of the day, gaze at the stars in complete privacy while being minutes (seven to be exact) from downtown. Set on nearly one-half acre, this home is truly the Boisean dream, with combined indoor/outdoor living at its finest.

The home features stunning east to west views encompassing the Owyhee Mountain Range, Boise River, and the best of the valley.

Home Features At-A-Glance

  • Mid-century modern dream with spectacular East to West views of The Valley
  • Highly desirable Warm Springs Mesa community
  • Home sits on a rare, nearly one-half acre lot
  • Fully fenced park-like setting with mature trees
  • Home designed to capture unobstructed views with walk-out sliders
  • 7 minutes to downtown
  • Neighborhood links to expansive Table Rock trails
  • Great proximity to Lucky Peak Lake for endless summer fun
  • Private living quarters or multi-generational option
  • Master suites on both floors
  • Quartz countertops throughout
  • Wet bar with dual wine refrigerators
  • Multiple bonus rooms, including a game room and gym space
  • USB/Apple ports with Smart Alexa enabled technology throughout
  • Interior and exterior storage to include shed and storage rooms
  • Full two-car garage with epoxy flooring
  • Feeds to highest rated schools within the Boise School District

Open House

You can tour this gorgeous house tomorrow, Saturday, May 8, 2021, from 11 a.m. to 2 p.m.

For additional photos, information, pricing, and more view the listing.

Home Prices Up 25% Year-Over-Year in Idaho

Real Estate tracking firm CoreLogic just released their March 2021 Home Price Insights Report, and home values nationally increased an average of 11.3%.

Idaho, once again, found itself leading the nation in home price appreciation, seeing a 25% increase in values year-over-year in March 2021 versus the values in March 2020. That increase is nearly seven percentage points higher than Montana, the second-place state for year-over-year price increases.

CoreLogic predicts home values will continue appreciating and will settle nationally around 3.5% between March 2021 and March of 2022.

Demand continues to outpace supply as historically low mortgage interest rates are propelling interest among would-be buyers. And, as you’re no doubt aware, here in the Treasure Valley, demand is at historic highs.

As the housing inventory continues to be limited here in the valley, it won’t be surprising to see home values push higher than the predicted 3.5% growth for the following year.

The Spring Boise Parade of Homes Concludes

The 2021 Spring Boise Parade of Homes concludes this Sunday and is your last chance to personally visit these gorgeous homes designed and built by some of the area’s talented and award-winning home builders.

If you missed it, we had an excellent write-up on two of the homes participating in the Spring Boise Parade of Homes. “The Lauryn,” built by Biltmore Co., won the “Best Kitchen” award in its pricing category and is well-deserved with its grandeur featuring open cabinets, clean lines, arches, and a large butler’s pantry.

You’ll also want to take a look at Ninety Degree Construction’s “Trinity,” a home that features high ceilings, a hidden pantry, and unique decorative flourishes throughout. The modern design and personal touches make this house a “can’t miss.”

While this spring’s Parade of Homes is coming to a close, it’s interesting to see the different design trends that the builders embrace in their homes. The trends are sure to inspire future builds.

Parade of Homes People’s Choice Voting

Through Sunday, you can vote daily for your favorite home featured in the Spring Boise Parade of Homes. The home getting the most votes will be named the “People’s Choice” award winner in its category.

Biltmore Co. would greatly appreciate your vote for “The Lauryn” in Home Category 7 and is offering a chance to win four free airline tickets for your vote. To enter, just take a screenshot of your vote for “The Lauryn” and text the image to 208.631.0721 for your chance to win. Be sure to include your name with the entry.

And while you’re voting, Ninety Degree Construction would appreciate your support for “The Trinity” in Category 4.

The Last Word

The real estate market in the Treasure Valley is constantly evolving. As we’ve seen, housing prices continue their record ascent not just in Idaho but nationally. That trend is going to continue as buyers far outnumber available homes. Also, building materials are seeing dramatic increases in their prices, which is helping to fuel higher prices for Boise new construction homes.

The Parade of Homes concludes a record-setting run as attendance through the homes has surpassed attendance in previous years. Visitors are inspired by the designs, intricate craftsmanship, and attention to detail in each of this year’s Parade of Homes participants.

And be sure to check out that gorgeous Warm Springs gem!


Get in touch with an agent to start your journey home.

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