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The Iron Eagle Realty Team at Silvercreek Realty Group
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The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and purchase of personal homes, investment real estate and commercial real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Our specialties include single family residential units, residential income properties (2-4 units), apartments (5+ units), commercial properties and 1031 Exchanges. Our team has a broad-based market knowledge in areas such as the marketing and selling of personal homes, investment properties, cash flow and return on investment analysis, property management, tax implications, short sales and foreclosures. In addition we have helped many homeowners and investors avoid foreclosure by successfully completing short sales. We handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs. If you are looking for your next Home or the Perfect Investment Property, you can click here to use our Automated Dream Home Search Tool.

Michael Hon, CEO of The Iron Eagle Realty Team and Associate Broker with Silvercreek Realty Group has been successfully helping homeowners and investors since 2005 in the Boise Idaho Real Estate market. Michael has an MBA and a BSEE.

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Boise home prices return to 2008 levels
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Boise home prices return to 2008 levels

Median housing prices nationwide – and in Boise – are at the highest rate since 2008, according to statistics released by RealtyTrac, a leading housing data source.
Ada County’s average home price for 2014 is $209,900, a 6 percent increase over last year, according to the Ada County Association of Realtors.

RealtyTrac pegs the national median sales price for October at $183,000, up 16 percent from a year ago to the highest level since September 2008.

“I think around 200,000, 205,000, 210,000 is the right place for us to be right now,” said Marc Lebowitz, executive director of the Ada County Association of Realtors.
Ada County bottomed out at $146,000 in 2011.

Combining Ada and Canyon Counties, RealtyTrac placed Treasure Valley among 21 cities deemed to have “lost steam” with home price appreciation from October 2013 to October 2014. Home appreciation in Boise-Nampa stumbled from 23 to 0 percent in the last year, the lowest among all the “losing steam” cities that include nine California metros and Phoenix.

Lebowitz, however, sees a half-full glass with home price appreciation.

“We are ahead of the timeline,” he said. “Our prices increased ahead of theirs, ours fell sooner than theirs and our recovery is starting sooner than theirs.”

Lebowitz believes home appreciation in Boise is starting an upward trajectory while other “losing steam cities may still see drops in home appreciation rates.”

Boise, however, is ahead of the nation on foreclosures. It is seeing half the foreclosure rates of the country as a whole. Foreclosures among outstanding Boise mortgages in September were at .8 percent, down from 1.47 percent in September 2013, according to real estate data provider CoreLogic.

The national foreclosure rate was 1.6 percent, CoreLogic reported.

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor
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Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com



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Michael Hon, Iron Eagle Real Estate

Idaho Homes For Sale

Michael Hon of Iron Eagle Real Estate is your trusted source for experienced real estate services in Boise and throughout the Treasure Valley. With extensive knowledge in handling foreclosures, short sales, and more he has the skills you will need to navigate today's often turbulent real estate market.
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