Business News
This section deals mainly with Mountain Home business but I also expand my horizons and cover news from Boise or other areas of Idaho. Business news items I like to cover are store openings, closings and opinions.
Mountain Home Idaho's Walmart Real Estate Trend Part 4
Business News - Local Business
Last Updated on Wednesday, 08 September 2010 00:15 Written by Tim Bondy Wednesday, 08 September 2010 00:05
Part 1 can be read here | Part 2 can be read here | Part 3 can be read here
The Mountain Home Real Estate Market Hasn't Bottomed Out Yet?
Monday, September 6th, 2010 had me heading to Walmart for some much needed items. It looks like in the last 40 days plenty of houses in Mountain Home have been sold or taken off the real estate market. Back on July 18th, there were 12 homes for sale along my 2.7 mile route to Walmart. Now there are only 6 homes for sale! That, however was the only positive "good" news.
The bad news is the number of homes in what appears to be in "foreclosure" has increased from 2 homes in July to 4 properties in September. The only way I can determine if a home is in foreclosure is by the color of the lawn and a sign on the front door. So I could be wrong about these 4 homes?
But if we look at other data on the internet, we find the average listing price for homes has decrease by nearly $6,000 in the last month or so. Couple this data with the "fact" that we are entering the slow season (Fall and Winter) for real estate and this tells me we still haven't hit rock bottom. The buyer(less) market continues to be the trend in Mountain Home, Idaho. At least that is the way I see it. Your mileage may vary!
The Walmart Real Estate Trend Graph and Numbers
July 2, 2010 – 11 Homes for Sale
July 9, 2010 – 12 Homes for Sale
July 18, 2010 – 12 Homes for Sale
September 6, 2010 – 6 Homes for Sale
Trulia Agrees with my Walmart Real Estate Trend for Mountain Home?
In the last month the total numbers of homes for sale in Mountain Home has dropped from about 230 to 190 homes. Again this is a "good news-bad news" trend. The average listing price for these homes has also dropped from $169,000 down to $163,000.
Thanks for visiting and commenting on this business article.
Tim Bondy
The Bondyweb.Com author
Mountain Home Idaho Company Get $14 Million Contract
Business News - Local Business
Last Updated on Sunday, 22 August 2010 07:24 Written by Tim Bondy Sunday, 22 August 2010 07:10
I came across a short article showing that Hamilton Builder Inc got a $14,000,000 government contract to construct a building on Mountain Home AFB. This is good new but I've never heard of Hamilton Builders. Have you heard of this company?
Thanks for visiting and commenting on this business news article.
Tim Bondy
The Bondyweb.Com author
Mtn Home Walmart Real Estate Index Part 3
Business News - Local Business
Last Updated on Sunday, 18 July 2010 07:52 Written by Tim Bondy Monday, 19 July 2010 10:41
Part 1 can be read here | Part 2 can be read here
Saturday evening, July 17th, 2010 had me heading off to Walmart for some Band Aids. As I slowly traveled along the 2.7 miles I counted 12 homes for sale. It didn't appear that any homes along the Walmart Real Estate Index trail had sold since my last trip on July 9th. But going slow allowed me to actually look at some of the homes without "For Sale" signs on them. I found two houses that were obviously empty and maybe in some sort of foreclosure? The two foot high dead and brown grass was my clue that these homes may be on the Mountain Home real estate market soon.
The Numbers
July 2, 2010 – 11 Homes for Sale
July 9, 2010 – 12 Homes for Sale
July 18, 2010 – 12 Homes for Sale
What My "Walmart Homes for Sale in Mountain Home Idaho Index" Tells Me This Week:
The real estate market is "unscientifically" soft or maybe just plain stagnant. The two unoccupied home are just a symptoms of this soft market? I don't know the story behind these unkempt yards and seemingly not lived homes but it could be another piece of the puzzle.
Trulia Does Not Agree With My Data...Again
For a second week in a row, Trulia indicates the sheer number of 3 bedroom houses for sale in Mountain Home continues decrease. On the other hand, the average asking price of homes for sale are continuing their slow decline also. When will the real estate market in Mountain Home hit bottom? I'll leave that forecast to the real experts who use real data instead of my "just for fun" information.
Thanks for visiting and commenting on this business article.
Tim Bondy
The Bondyweb.Com author
Walmart Real Estate Index Part 2
Business News - Local Business
Last Updated on Saturday, 10 July 2010 07:57 Written by Tim Bondy Saturday, 10 July 2010 06:50
This is Part 2 of the Bondyweb Walmart Real Estate Index for Mountain Home, Idaho
Part 1 can be read here
Friday evening of July 9th, 2010 I had orders to buy a couple of gallons of whole milk for my wife's cheese making project. So off I went to Walmart. I traveled the same 2.7 miles as on July 2nd while counting the total number of homes for sale along the way.
The Numbers
July 2, 2010 – 11 Homes for Sale
July 9, 2010 – 12 Homes for Sale
Results of My "Walmart Homes for Sale in Mountain Home Idaho Index"
According to my non-scientific real estate index, the Mountain Home real estate market is getting worse. I found 12 homes for sale on this day compared to 11 homes just one week earlier. From my "getting old and forgetful" memory, it looks like one of last weeks homes sold and two additional homes were put up for sale.
Trulia Data Says Otherwise
According to the website "Trulia, there appears to be little or no change in the total amount of 3 bedrooms home for sale in the city. But it does look like the current "buyers market" is holding steady as the average asking price has dropped from $160,054 to $158,306 in the last 20 days.
Thanks for visiting and commenting on this business article.
Tim Bondy
The Bondyweb.Com author
Route to Walmart Real Estate Trend
Business News - Local Business
Last Updated on Friday, 02 July 2010 19:47 Written by Tim Bondy Friday, 02 July 2010 19:38
This is how it will work. Each time I head off to Walmart, I will count the total number of homes I see for sale. I will input the data into a bar graph format and post it here.
Number(s):
July 2nd 2010 – 11 homes for sale
Rules for the Mountain Home Walmart Real Estate Trend graph:
1. I will drive the same route each time. Not hard, because I do this any way.
2. Only homes located on the streets that I drive on will be counted. Even if I see a house just off the road I cannot count it.
3. The route from my hone to Walmart is 2.7 miles.
4. There will be no seasonal adjustment, adjustments for days of the week or blinding snow storms. The houses "I see" with a "For Sale" sign in front of them get counted.
5 All science will be thrown out the window for this real estate statistic.
Other Mountain Home Idaho Real Estate Info:
According the Trulia, the most popular real estate search engine on the internet, there were 168 three bedroom homes for sale in Mountain Home, Idaho on June 22nd, 2010. The average asking price for these three bedroom homes was $168,384.
Thanks for visiting and commenting on this business article.
Tim Bondy
The Bondyweb.Com author
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