Boise is the capital and most populous city of the U.S. state of Idaho, and is the county seat of Ada County. Located on the Boise River in southwestern Idaho, the population of Boise at the 2010 Census was 205,671, the 99th largest in the United States. Its estimated population in 2016 was 223,154.
The Boise-Nampa metropolitan area, also known as the Treasure Valley, includes five counties with a combined population of 664,422, the most populous metropolitan area in Idaho. It contains the state's three largest cities; Boise, Nampa, and Meridian. Boise is the third most populous metropolitan area and city in the United States' Pacific Northwest region, behind Seattle and Portland. Boise is also the center of the fourth largest urban area in the Pacific Northwest after Seattle, Portland, and Spokane.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Boise City-Nampa, Idaho. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In Boise, Nampa, Idaho, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0%-5.5%%
Very Competitive Commission: 4.5%-4.99%
The median existing single-family home price in the West rose 7.5%, to $372,400, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of Idaho, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Idaho.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
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As of the census of 2010, there were 205,671 people, 85,704 households, and 50,647 families residing in the city. The population density was 2,591.6 inhabitants per square mile (1,000.6/km2). There were 92,700 housing units at an average density of 1,168.1 per square mile (451.0/km2). The racial makeup of the city was 89.0% White, 1.5% African American, 0.7% Native American, 3.2% Asian, 0.2% Pacific Islander, 2.5% from other races, and 3.0% from two or more races. Hispanic or Latino of any race were 7.1% of the population.
There were 85,704 households of which 29.6% had children under the age of 18 living with them, 44% were married couples living together, 10% had a woman householder with no husband present, 4.5% had a man householder with no wife present, and 41% were non-families. 31% of all households were made up of individuals and 8.5% had someone living alone who was 65 years of age or older. The average household size was 2.36 and the average family size was 3.
The median age in the city was 35. 23% of residents were under the age of 18; 11% were between the ages of 18 and 24; 29% were from 25 to 44; 26% were from 45 to 64; and 11% were 65 years of age or older. The gender makeup of the city was 49% men and 51% women.
Boise is the headquarters for several major companies, such as Boise Cascade LLC, Albertsons, J.R. Simplot Company, Idaho Pacific Lumber Company, Idaho Timber, WinCo Foods, Bodybuilding.com, and Clearwater Analytics. Other major industries are headquartered in Boise or have large manufacturing facilities present. The state government is also one of the city's largest employers.
The area's largest private, locally based, publicly traded employer is Micron Technology. Others include IDACORP, Inc., the parent company of Idaho Power, Idaho Bancorp, Boise, Inc., American Ecology Corp., and PCS Edventures.com Inc.
Technology investment and the high-tech industry have become increasingly important to the city, with businesses including Hewlett Packard, Healthwise, Bodybuilding.com, CradlePoint, Crucial.com, ClickBank, MetaGeek, MobileDataForce, MarkMonitor, Sybase, Balihoo, Intracon NA, Wire Stone, and Microsoft. The call center industry is also a major source of employment; there are over 20 call centers in the city employing more than 7,000 people, including WDSGlobal (a Xerox company), EDS, Teleperformance, DIRECTV, Taos and T-Mobile.
Varney Air Lines, founded by Walter Varney in 1926, was formed in Boise, though headquartered at Pasco, Washington. The original airmail contract was from Pasco to Elko, Nevada, with stops in Boise in both directions. Varney Air Lines is the original descendent company of present-day United Airlines, which still serves the city at the newly renovated and upgraded Boise Airport.
According to Boise Valley Economic Partnership, the top employers in the city are:
|#||Employer||# of Employees|
|1||St Lukes Health Systems (total Ada County)||8,400-8,499|
|3||Boise State University||4,700-4,799|
|4||Meridian Joint School District #2||4,300-4,399|
|5||Independent School District Boise City #1||3,800-3,899|
|6||Saint Alphonsus Regional Medical Center||3,400-3,499|
|7||Wal-Mart Associates Inc||2,500-2,599|