Boise’s growth potential

 I have been asked this question asked a lot, especially lately with the U.S. economy in a downturn. So I thought this would be a good subject to blog about.
 The growth potential in Boise is great, there are many projects in the works and Idaho is the fourth fastest growing state. Yesterday Boise’s largest employer Micron Technology announced they would be expanding their operations here due to tax incentives give by the state.  

There is a race car track that will be accepted by NASCAR that will be built east of Boise bringing jobs and tourism. A movie studio has also been approved for South of Boise. These are all new projects but in the past few years also some major corporations have moved in or expanded their companies here in the Valley providing thousands of jobs. Such as Citi, T-Moblie, AT&T, Home Depot, Lowes, Hotels, Restaurants just to name a few. Also a lot of companies use Boise as a test market for their new products due to the diversity of the area and we have been ranked numerous times as a great place to live and do business. This just names some of the projects and companies but with their growth and expansion it will increase the amount of jobs available and the potential for small businesses to thrive. 

 As an Idaho native I have seen Boise grow and develop into a wonderful place, new opportunities are exciting and beneficial to the whole community. Boise has a bright beautiful future, feel free to comment and ask any questions!

As you likely know already we received an emergency rate cut earlier this week, and will probably see another in the coming week and in the future. Which means lower rates for most loans, such as car loans and credit cards. What do they mean to homeowners and future homeowners? Quite a lot, a home is most peoples largest investment and largest debt. So the rate on your home loan can change your monthly payment dramatically.

Here are some examples on how your mortgage interest rate can change your payment. Based on a 30 year fully amortized loan, not including taxes and insurance.

Loan amount     monthly payment at     7.00%          6.50%           6.00%    

 $150,000                                           $997.95        $948.10        $899.33

                                                monthly savings      $49.85          $98.62

                                                 yearly savings       $598.20        $1,183.44

 $250,000                                           $1,663.26     $1,580.17      $1,498.88

                                                 monthly savings     $83.09          $164.38

                                                  yearly savings      $997.08         $1,972.56

 $400,000                                           $2,661.21     $2,528.27      $2,398.20

                                                 monthly savings     $132.94        $263.21

                                                  yearly savings      $1,595.28      $3,158.52

 $800,000                                           $5,322.42     $5,056.54      $4,796.40

                                                  monthly savings    $265.88        $526.02

                                                   yearly savings     $3,190.56      $6,312.24

Every little bit makes a difference in your loan… So if you are looking to purchase a home or refinance be sure to get the best rate possible!

Boise

Active listings: 2415

Average asking price: $319,126

Meridian

Active listings: 1313

Average asking price: $326,566

Eagle

Active listings: 427

Average asking price: $677,247

A look back over the previous year 2007

Boise

Sold homes: 17,577

Average sold price: $226,624

Meridian

Sold homes: 9,926

Average sold price: $253,259

Eagle

Sold homes: 2,022

Average sold price: $409,721

(All numbers are approximate as of 01/06/08, including condos and town homes)

Search Meridian Idaho Neighborhoods                 

There are large open areas, long walking paths, fun playgrounds, two swimming pools, community club house and much more! Beautiful Italian architecture is seen everywhere from the staircase waterfall to the pillars all around…

The homes size vary from patio homes to large estate like homes. The patio homes are located in their own quiet section, the yards are small and maintained by the homeowners association. With such a variety there is something for everyone!

Demographics:

Existing home price: $232,000 - $479,900

Existing home size: 1,544 - 3,746 square feet

New/To be built price: $240,000 - $460,000

New/To be built: 1,732 - 3,252 square feet

Pictures:

Club house and one of the pools  

Playground

Walking path

Common area

Homes

Search Meridian Idaho Neighborhoods On A Map  

Charter Pointe

Charter pointe is a neighborhood in South West Boise. It boasts many features such as walking paths, large common areas, swimming pool, workout facility, clubhouse, volleyball, basketball and tennis courts. Lake Hazel Jr High is also located within the neighborhood.

There are new, existing and to be built homes available.

Existing Price Range - $159,900 - $289,900 

Existing Size- 1,120-3,596 square feet

New/To Be Built Price Range- $145,990- $239,90

New/To Be Built Size- 1,120-3,555 square feet

The homes to be built can be customized in the showroom, where you can add many upgrades: Appliances, fireplaces, flooring, paint, trim, counter tops, cupboards, doors, roofing, even surround sound systems and much more.

Here are some pictures of what Charter Pointe looks like:

 Entry

Walking Paths

Playgrounds and Parks

Clubhouse

Swimming Pool

Basketball Court

Tennis Court

Model Homes

Lake Hazel Jr High