Pioneer Title Co’s Tim Bundgard made an “appearance” last weekend on The Real Estate Radio Show with Chris Lofthus, hosted by Dave Tester at KIDO 580AM. If you haven’t tuned in to the show (it airs Saturdays at 2pm), it’s a great way to keep up on all things real estate in the Treasure Valley as Lofthus and Tester invite different guests with different backgrounds in the industry. If you missed Tim’s spot on the show last Saturday, check it out below and be sure to tune in this weekend for an all new Real Estate Radio Show on KIDO 580AM.
The Real Estate Radio Show…
February 2012 shows impressive gains…
The newest PTC Index shows some very encouraging gains across the board in the Treasure Valley Real Estate Market. A few highlights:
- Building Permits up 25%
- New Home Sales up 20.5%
- Refinances up 21% from the month prior
- Short Sales and REO properties down slightly
Check out the latest numbers at ptcindex.com!
Boise real estate market turning around? Realtor.com thinks so…
KTVB’s Natalie Podgorski sat down with our president, Tim Bundgard, to discuss Realtor.com’s recent article proclaiming Boise one of 2011 top turnaround cities. Check out the video below for the full interview and full article link…
Prices stabilize, improvements continue…
Tim Bundgard last week sat down with KTVB’s Carolyn Holly to discuss new PTC Index numbers for the month of June. We’ve seen some big improvements last month in terms of average sales pricing, new and existing home sales and a drop in distressed and bank-owned properties. Tim believes that as inventories go down, sales prices will climb, so we’re likely looking at a semblance of pricing stabilization. Tim also told Carolyn that shadow inventories (bank-owned properties) are still in the pipeline and will infiltrate the market during the 4th quarter of 2011. Check out the video above for the full interview and be sure to check out PTCindex.com for full particulars on June numbers as well as previous months.
Average Sales Price, Building Permits Increase in May…
In the midst of the traditional home buying season, May has brought some encouraging numbers in building permits, existing home sales, average sales price and a drop in notices of default. While Canyon County experienced a drop in average sales price by 8% to $86,836 (from $94,759 in April), Ada County saw a whopping 26% gain in sales price from the month prior to $175,458 (from $129,320). Valley wide, the average sales price is up by 1.5%. Building permits and existing home sales increased by 6% and 4%, respectively while new homes sales fell 8% from the month prior. Read more and see full May stats…
PTC Sync is coming…
In a previous post, we wrote about many cloud-based services to keep things tidy in your digital life. All the while, we’ve been quietly working on a cloud-based offering of our own: PTC-Sync. It’s a whole new way to keep track of your transactions with us and offers our Escrow Officers to work with you from anywhere. Find out more and sign up to be notified when PTC Sync hits the street by visiting the official PTC Sync page.
Building Permits, New Home Sales make gains in April…
The first quarter of 2011 is finally in the books and April brought moderate gains in different areas that comprise the PTC Index. Building permits in April where up a whopping 16% over March, while new homes sales and existing home sales were up 8% and 5%, respectively within the same month over month time period. Distressed properties (short sales and bank-owned) and notices of default showed decreases of 3% and 10%, respectively. Days on market also fell 7% from 98 days to 91 days. The average Treasure Valley home sales price also fell slightly; Canyon County’s average sales price fell 1% to $93,524 while Ada County increased to $165,064. Hop on over to PTCIndex.com to check out full details…
What PTC Index says about local housing market…
President of Pioneer Title Co., Tim Bundgard this week wrote a guest column for the Idaho Business Review forecasting real estate in 2011. He referenced the PTC Index, a monthly measurement of the health of the Treasure Valley real estate market, as a baseline for his forecast…
“…When the federal government introduced its first-time homebuyer program a few years ago, it incentivized buyers with a tax credit and, in turn, spurred home sales. Many people took advantage of this inducement; the first-time homebuyer tax credit, however, was a temporary fix and may have prolonged a full recovery.
Our index shows that new home sales at a monthly average of 117, 91 and 94 in 2009, 2010 and 2011, respectively. It is evident that even as 2009 brought above-average numbers in the historical sense, post-incentive years show growth, albeit in small increments.” Read the full article…
Excerpt courtesy of the Idaho Business Review

