New Stats on Boise RE Market

Truth in Cash Flow Real Estate Opportunities and Investment Advice

Client Newsletter Vol 2 Issue 5

Market Update

You have heard mixed messages about the real estate market, so here is the hard data for the Boise Market through June 2009 There are Lots of signals that we could have hit the "market bottom". Check it out. 1. Sales are UP 36% from last month, and UP 6% from this same month last year. First time in 10 months that sales have exceeded the same month last year! In fact this is the largest May to June % increase in the 10 years that I have been tracking! 2. Pending sales are way up! 38% more than this same month last year! 3. Short Sales up slightly to 15% of the total sales this month. Record high was 03/09 at 18%. REO sales were down to 18%, record high was 34% in 02/09. That makes 33% of the sales "distressed" this month. This makes quite a reduction since the high of 48% in Feb, 45% in March, & 44% in April. 4. The Median calculation is UP 3% from last month to $176,000; and down 16% from this month last year. 5. For the 12th month in a row, inventory levels are below one year ago. And this is the 5th month that inventory is below the prior two years at this point! Inventory is up 3% from last month, and 17% lower than last year at this time. What does this all mean???? It means that it is time to act. The market is strenthing. Sure there is still negative indicators out there, but as for me the light is green and I am doing all that I can to buy real estate right now. If you have a home to sell though don't expect to move it anytime soon. Buyers are bargain shopping and waiting for the best deals to spring up to take action. If you are thinking of getting back in the game and want to buy a home or investment property, be sure to remind me you are ready to act and let me know what you would like to find. Your Market Expert, Mike Turner

News from the frontline...

Here are photos of Me and Jared at the Awards Dinner for the Idaho Business Top 40 under 40. Where I was reconized for my achievements and the postive impact my company has had on our community. Thanks for your support and dedication Jared and Amanda! My daughter Emilia has discovered how much she likes run and tired out her dad. My wife Amanda is due in August with our secound child - it a girl...so I will definately be out numbered. And Yes, That is me on Radio. In fact, I will be on the radio every saturday morning from 7-8 Am, discussing how we kind find ways to fight back this recession and learn to prosper. Tune in via the web at www.670KBOI.com

We Are Donating to Local Charities from Every Closing

Over the last year Turner Real Estate has made the pledge to give to local charities from every commission check we earn from our real estate business. Just recently given over $500 to the Ada County Boys and Girls Club, over $200 to the Idaho Food Bank, and over $100 each to Habitat for Humanity, Meals on Wheels, and the Ronald McDonald House. We want to thank all of you who have chosen to do business with us which has helped us give back to the community we care about. We would like to ask you to help us give back even more by referring your friends and family to us for their real estate needs. Thanks again, Mike Turner Office: 208-287-6589

You Can Reach Mike Turner and the rest of the crew at Turner Real Estate at Info@TurnerAgents.com, www.BoiseInvestmentDepot.com, www.Turner-Homes.com, Office: 208-287-6589, Turner Real Estate Group, 7978 W. Fairview Ave, Boise Idaho 83704

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