Monthly Facts and Boise Market Trends

Posted by: admin  :  Category: Boise Market Trends, Buying Boise Homes, Housing Market, Local Boise Market Update, Market conditions, Market Trends, Market Updates, Selling Boise Homes, Selling Homes

It’s now officially fall, and the kids are back in school. Have I missed the window for selling my home?

Before waiting another entire year to sell, consider this: August 2015 inventory was down 15.5 percent from last year, and there were 1,279 homes pending sales in August 2015 (up 40.4 percent from the same time last year)—meaning the demand is there.

According to Brenda Kolsen, 2015 President of the Ada County Association of REALTORS®, this decrease in supply and increasing demand “was the reason that many buyers and sellers found themselves in multiple offer situations over the summer.”

Also worth noting is that the current month’s supply metric reflects buyer demand. A typical balanced market is between four to six months of supply. However, this August’s supply metric was down 28.9 percent from last year. For sellers who are still looking to sell in 2015, this is all good news—made better by a median sales price increase of 4.8 percent over last year.

Here’s a closer look at the numbers in our latest monthly market trend indicators update:

Upward Market TrendsTrending Up

  • 837 homes sold in August 2015 (up 12.4% from August 2014)
  • $229,500 median home price (up 4.8% from last August)
  • 1,279 pending home sales (a 40.4% increase from August 2014)
  • 837 closed sales (up 12.4% from last August)

Arrown indicating downward market trends in Boise's housing marketTrending Down

  • 2,504 homes of available inventory (down 15.5% from last August)
  • 2.7 months supply (a 28.9% decrease since August 2014)
  • 45 days on market (down 15.1% from last August)

It’s still an ideal time for house-hunting, too—especially with the inevitable dip in purchase activity that occurs around this time every year. In fact, a recent realtor.com article suggested, “September could be the best month all year to sign a contract to buy a home.”

Since our seasonal peak of 2,512 homes for sale (in June 2015), this number has held steady through the summer, meaning that buyers—especially those considering new construction or homes above $400,000—still have plenty of homes to choose from, and with less competition.

And, given the fact that interest rates remain at near historic lows, the market looks favorable for just about everyone this season. We’d be happy to meet with you to discuss your situation and review the options available to you.

Your Boise Market Trend Experts

Monthly Facts and Boise Market Trends

Posted by: admin  :  Category: Boise Market Trends, Buying Boise Homes, Housing Market, Idaho Real Estate Price Trends, Local Boise Market Update, Local Boise Price Charts, Market Trends, Market Updates, Real Estate & Housing, Selling Boise Homes, Selling Homes

Monthly Facts and Boise Market Trends

In June, nationwide home sales were at their highest in eight years. What do I need to know about the Ada County market? 

An increase in home sales typically occurs in spring and continuing through June and July. Even so, Brenda Kolsen, 2015 President of the Ada County Association of REALTORS®, acknowledges this year’s whopping 36.1% increase over June 2014 as an “enormous amount of activity” in Ada County.

And our community isn’t alone: according to the National Association of Realtors, existing-home sales nationwide increased in June “to their highest pace” in over eight years.

Job growth, population increases, and improved consumer confidence scores may very well be factors, at least in the Treasure Valley. Consider the following statistics:

  • Both statewide and Ada County’s population increased from April 2010 to July 2014 (up 4.3% and 8.6.%, respectively) according to U.S. Census Bureau data
  • These increases include buyers from California, Washington, and Oregon, many of which are professionals and retirees who are able to purchase at higher price points
  • The Idaho Department of Labor reported a 2.5% growth in jobs in May 2015
  • The Conference Board Conusmer Confidence Index® increased from 94.6 in May to 101.4 in June

This statistical data indicates that, as job stability increases and consumer confidence scores improve, people aren’t just more comfortable buying a home, they are also financially capable of spending a bit more.

Here’s a closer look at what’s up and what’s down in my latest monthly market trend indicators update.

Housing Market Trends and Indicators

Upward Market TrendsTrending up

  • 1,028 homes sold in June 2015 (up 26.1% from last June)
  • $230,000 median home price (up 6.0% from last June)
  • $279.5 million total volume of single-family home sales (a 36.1% increase from last June, and a 17.9% increase over May 2015)

Arrown indicating downward market trends in Boise's housing marketTrending down

  • $296,900 new home price (down 1.4% from last May)
  • 3% of homes sold were distressed properties (REOs and short sales), down 50% from last year
  • 42 days on market (down 5 days from than last June, a decrease of 36.2%)
Static Boise real estate market trendsTrending Consistently
  • 2.6 months available inventory (even with last year—inventory was at 2.1 months for existing homes and 4.29 months for new construction in June 2015)

While it may presently be a seller’s market, it’s important to remember that, if you’re listing your home, it won’t sell itself. Sellers should seriously consider home staging and the overall first impression they present to potential buyers. Also, many factors should affect your initial listing amount, and sellers should be cautious about overpricing. Home buyers need not be deterred by the high demand, either, rates are still at historically low levels, which still presents an ideal financial opportunity.

We’d be happy to meet with you to review your situation and discuss the possibilities.

Your Boise Market Trend Experts

On Stage -A Field Guide to Selling

Posted by: admin  :  Category: Home Staging, Real Estate & Housing, Selling Boise Homes, Selling Homes, Staging

What can you do to prepare a house for sale?

“Banish the clutter! Trim the bushes! Hide your Star Wars collection! Take down the family pictures!  Here are tips, hints, thoughts and ideas for sprucing up, cleaning out, decorating, staging, creating a great first impression and making a house appealing to buyers.” (A. Siudzinski, Senior Library Information Specialist)

  • Put trash bins out of site
  • De-clutter and create clean surface areas
  • Remove personal items
  • Freshen up that landscape and maximize your first impressions
  • Clean the windows (wow- what a difference that makes)
  • Make sure all light bulbs are working (including the one above the stove)

The same advice would apply to preparing your home for the professional photos that we include as part of the sale process. A full article with links to additional staging stats and stories can be found here at this link, compliments of the National Association of Realtors. Here’s one reason NOT to bother reading too deeply on this topic…. you may not have to! We’ll walk you through ways to make the best impressions and get the best price for your home.

We’ll take care of staging for you!

The team at Buy-Boise Real Estate Group has the equivalent of a secret weapon, when it comes to staging a house for sale. Her name is Gale. We bring her in to help advise you on which personal effects to remove or move. She’ll shift around your own furniture in ways that might make you want to stay. Yes, she makes it look THAT good!

We’ve seen it make a difference. A house without staging requires imagination to generate the “wow” response that a nicely staged house can generate on its own.

Gale Napier, Home Staging Specialist Photo

Gale is Buy-Boise’s home staging specialist of choice. We bring her in before the photographer and then wow our clients as well as the buyers shopping for a home in Boise.

If you’re considering having an agent sell your single family home, don’t hesitate to ask about the finer points of the marketing and sales preparation. These points are:

  • Professional photography
  • Professional staging
  • Helping you “prepare for the parade”

Preparing for the parade

Preparing for the parade is sometimes simply cleaning, carpet cleaning and doing an exterior cleanup to enhance the curb appeal. Other times, there’s painting or repairing to do. See the bottom half of my home-selling secrets blog for more about the parade, and why it’s important to impress, if you and I haven’t already talked about it one-one yet.  http://fosterboise.com/home-selling-secrets

“You will be surprised at how much larger your kitchen will feel and look once you remove extraneous items. Use this same technique to clear off your major appliances and wipe them down clean to reveal their controls and finish,” as divulged on  Realtybiznews.
A neat, clean and staged kitchen makes a difference.

 

Next Step – Pro Photos (We take care of that too)

The photos are an extremely important part of your listing. That’s why we professionally stage first, and hire professional photography next. People do a lot of “window shopping” through the windows on their computers these days, and if those photos don’t look good, your listing won’t make the cut when it comes to setting up a buyer’s tour and viewing potential properties with their agent. Notice how all the lights are on in the photo above-  including those above the stove and below the cabinetes. Lighting is the most important element in photos.

HOT TIP FOR BUYERS! If you see a listing that might appear better in person than on the listing due to mediocre photos but great specs, add it to your tour and check it out in person. In this market, the reduction of competition helps (sellers with bad photos are accidentally weeding out your competition for you).

Thanks for reading!

Sincerely,

Shana Moore, Your Local Boise Real Estate Professional and source of real estate market trends in Boise Idaho &Sherri Battazzo Boise

 

To Sell it Yourself . . .or Not

Posted by: admin  :  Category: Buying Boise Homes, Home Knowledge, Housing Market, Real Estate, Real Estate & Housing, Selling Boise Homes, Selling Homes

Selling Your Home on Your Own. . . To “DIY or Die Trying”?

“We thought we didn’t need realtors to help sell our house because we found our own buyer. Now, after listening to you go over our contract to purchase, we don’t feel like we protected ourselves on our sale. I guess we didn’t realize that was an important part of the process, and now, we wish we had hired an agent to protect us as sellers.” —Phil and Kelly Owens, For-Sale-By-Owners sellers turned Buy-Boise represented buyers.

There are homeowners who decide they’re ready to try buying or selling on their own. We recommend evaluating all the pros and cons of such a significant decision first. Confidence may be brought by increased access to information offered by the internet, or the “seller’s market” we’re in.

Do-it-yourself or DIY sellers would be right to declare that it’s not rocket science and no single step is too large to tackle. In a seller’s market, there also may be more room for error (assuming more sellers than buyers go off on their own).

 Some of these stories unfold with success, and some with the worst kind of losses (or the best, depending on how you look at it)… the unknown losses.

 There’s also more to a deal than the average person knows, if they’ve worked with agents in the past. Every deal includes a variety of terms and deadlines that experienced agents should have down pat, based on  sheer number of deals completed, continuous education and their consistent immersion in the intricacies of the market.

 I’m in the service industry and identify myself as a representative of and advocate for my client and not a commission-chaser, so this topic is a tricky one for me to try tackle, yet an irresponsible one for me to ignore. I’ve seen successful realtor-free transactions, but then hid my cringe at some of the terms in other seemingly “successful” transactions. The lesson here – sometimes it works. With my clients, it’s my job and responsibility to ensure that its’ not only going to work, but also work well, and in the best interest of my client. I also strive to make sure we’re worth our weight in gold, in terms of the value we provide.

Here are a ten reminders of what we do, with worthwhile considerations if you’re contemplating going at it alone on one of the biggest transactions life tends to bring:

  1. Value. We provide service in a way that it brings as much value to the client as possible. In some cases we simply try to earn it, in other scenarios, our service pays for itself. We’re skilled, conscientious and working hard on your behalf. We’re also well aware that not all Realtors can say the same and that’s disappointing.
  2. Zillow data is not known for accuracy.  Sites like Zillow and trulia are helpful for buyers to online shop, but fall short in terms of accuracy, because the information is derived purely from public records, like your tax assessment, because that information is made available for free, compared to a paid-for membership site like the invaluable offering that agents participate in, that is the multiple listing service.  Zillow’s prized ’Zestimate’ is based  soley on a flat formula (an algorithm) that does not take into account the how the desirability of certain parts of town or highly sought-after school districts substantially impact property value. If it were that easy to price property or determine value, tax assessed values would measure more closely to market values, and they don’t. Sure, give it a look, knowing it’s not your substitute for real-time MLS updates on market activity, agent-provided analysis, and the specific knowledge of an industry expert who can point out these subjective factors that impact pricing in the marketplace.
  3. Price isn’t the only term in a contract. It can be nice to have someone on your side, who has expertise at screening offers, avoiding unfavorable terms and helping you land as closely as possible to your target (with less trial and error). That said, hopefully a realtor helps you get the full fair market value.
  4. Not all buyers are equal. At one glance at a contract, an experienced agent can see a story starting to unfold, and help you respond or negotiate accordingly.
  5. Finding a Buyer isn’t the Hardest Part - it is one item, of many important things to take care of in the sale.
  6. A good deal is a good deal for everyone. Agents are obligated by ethics to play nicely and Sherri and I take that obligation seriously. We act in the best interest of our client to get them a good deal, without alienating the other party, or making them feel like they are not getting a good deal.
  7. Knowledge first. Negotiations second. We know the market, the contracts, the ins and outs, what’s fair and what’s attainable and can counsel clients on the pros and cons of aggressive versus attractive pricing. We help sellers choose a price that will set them up for success.  We’ll advise on practical preparations and have saved many clients from spending too much money on unnecessary home repairs (carpet cleaning versus carpet replacement). We’ve also saved clients from putting their house on the market before it was ready to attract the most amount of attention possible.
  8. Recommendations. If you’ve worked with us, you’ve heard me discuss the value of a home inspection, the importance of a quality, local lender who can get us to the closing table on time and reminded about items worth of discussion with an accountant, attorney or the county (e.g. the homeowners exemption office). You’ve also likely been provided the names of providers we trust from experience.
  9. Connections. This includes, but is not limited to the 3,000 realtors exposed to listings on the MLS.
  10. Ease. We watch the contingencies, manage the deadlines and escort you all the way to the closing table. 

Thanks for reading! As always, don’t hesitate to contact us with any questions you may have!

Sincerely,

Shana Moore, Your Local Boise Real Estate Professional and source of real estate market trends in Boise IdahoSherri Battazzo Signature

Shana Moore & Sherri B

Your Boise Market Trend Experts

 

 

Great Home For Sale! 3228 W Agate Court

Posted by: admin  :  Category: Selling Boise Homes, Selling Homes

Good Living on Boise’s Bench!

For Sale: 3228 W Agate Court

Image of a house for sale in Boise on "the bench"

Great option for multi-generational living in the Depot Bench on quiet culdesac, 2 master bedrooms & living areas, separated by common main level! One master is UP, adjacent to large rec room w/ full kitchen, + one in basement akin to 2 other bedrooms that share their own full bath. Count the fireplaces: 3 gas inserts, & one wood-burner in the UP master! Updated kitchen with solid surface Corian countertops, maple cabinets, built-in range, wall oven & micro. KitchenAid fridge w/cabinet-style doors. POOL!

More photos and details can be found at here, at http://postlets.com/s/3228-w-agate-ct-boise-id-83705/13384284

More houses for sale in Boise can be found by searching the MLS through the field on the left side of this web page, or by calling me with your preferences. I’ll set you up on a search with auto email notifications.

 

 

Unlocking Tax Tips for Homeowners

Posted by: admin  :  Category: Home Knowledge, Local Boise Price Charts, Real Estate, Real Estate & Housing, Selling Boise Homes, Selling Homes, Tax Tips

Maximize Your Tax Deductions!

Who doesn’t love to save money when possible, or get hard-earned money back at the end of the year, as the case may be at tax time? This article is meant to help homeowners maximize their returns by offering tips worthy of talking through with an accountant or tax attorney. I’m neither an accountant nor equip to give tax advice, but here’s what I have learned . . .

Real estate write offs and tax deductions

Mortgage Interest Paid– Mortgage interest is deductible on first homes, second homes and even equity lines of credit (if and only if that equity line was indeed used to improve the home). $1 million loan limit applies plus $100 thousand limit for home equity debt).

For new homeowners, the mortgage interest tax break will be larger, since the ratio of interest to principal paid is heavier in the early years of a loan. See below.

Example scenario:

$112,000 Loan at 4.25% interest
Principal and interest payment: $550
Around $50 per month more goes toward principal in year 5 than in year 1 (that’s nearly 10% in this example).
$1,700 in principal was paid the first year and $2300 will be paid in the fifth year.

 

Taxes –Local and state taxes can be deducted on our Federal Taxes. If these are paid through escrow, keep in mind it’s only the actual disbursement that is deductible (not the amount pulled into your escrow account).

Home office deduction – This applies only to the square footage that is used specifically and only for business or business-related storage. Your home office can be your only office and cannot be combined with another office deduction outside of the home. My accountant has advised diligence in these details, as it’s an area the IRS could be inclined to watch more closely.

Selling costs – If you sold a home in the 2014, the selling costs can be deducted from the gain from sale.  Examples include repairs, title insurance, advertising expenses, real estate broker’s commissions, and inspection fees. Repairs need to have been made within 90 days of the sale and clearly for the intent of marketing the property.

Capital gains taxand the two out of five rule. If your home is your primary residence for two of the last five years, up to $500,000 in profit from the sale of a home may be tax-free (if married/filing jointly). A new purchase is NOT needed to claim this tax benefit! You can also claim certain repairs to reduce your capital gains on the sale, if  they were made within 90 days of the sale and clearly made for the intent of marketing the property.

 

Real Estate Caital Gains Tax Chart

Homeownership has tax advantages. Particularly if you’re selling a home you’ve lived in for 2 of the last five years. The next best scenario is to hold it for at least one year for long-term capital gains taxes.

Points – If you pay points on a loan, these are deductible as the IRS sees them as “prepaid mortgage interest.”

PMI (Private Mortgage Insurance) is deductible.Moving Costs – If you had to find a new home because of a new job that is located more than 50 miles away from your old home, you may be able to deduct your reasonable moving expenses.

Casualty Losses – If losses are large enough (more than 10% of your income), the portion not covered by insurance could be a deduction. Documentation in the form of photos, videos or receipts can be key in times of loss, both for insurance and tax purposes.

Documentation reminder at tax time – Smart phones and tablets make it easier than ever to document the contents or condition of your home. This can help in times of loss.

The benefits of homeownership carry through to tax season. So do the benefits of having a good accountant on your side, who reminds you to track all of these deductions.  Hopefully, a good realtor also is a part of your household’s team and hopefully I have been, or will be that resource for you.

If you know anyone who is ready to sell their home, I would much rather work for them, than work on my taxes, so please, have them give me a call!

Sincerely,

Shana Moore, Your Local Boise Real Estate Professional and source of real estate market trends in Boise Idaho

 

 

Shana Foster Moore

Your Boise real estate resource

 

You Deserve Real Results

Posted by: admin  :  Category: Moving in Idaho, Real Estate, Real Estate & Housing, Selling Boise Homes, Selling Homes

What to Expect from Your Agent

Have you ever wondered about an MLS listing missing photos or critical information. Or why your neighbor sold their home for so little. Or why a house sat on the market longer than it seems like it should, given the house’s price and appeal compared to overall market conditions. Sometimes I’m amazed by the evidence that a hard-working agent could have made the difference in the results.

You deserve great results, solid market information and helping-hand style customer service when working toward the biggest sale of your life – a home. Here are some things to look for when choosing an agent to make sure you’re not setting your sight too low.

AIM UP!

  • Availability. Are they available to work with your schedule and responsive to your calls and emails?
  • Information with experience. Are they experts in all elements of real estate, including the art of making and keeping a good deal, adapting to adversity, and keeping things on track when all does not go perfectly smoothly?
  • Market knowledge. Do they understand the market and are they going to seek that careful balance between your wants and needs, while providing insight on the opportunities and limitations of the current market? Do they drive traffic to your listing?  Do they check out houses to personally seek out pertinent information that might be missing from the listing (e.g. an unlisted shop or bedroom)?
  • Understanding. Are they listening to and hearing your needs, answering your questions, understanding your goals and helping translate your interests into opportunities, while striving to be helpful? Your agent’s primary interest should be your goals.
  • Pressure-free. Are they helping guide you toward your desired direction without pressuring you to make a decision that’s inconsistent with your goals, or the less than what the market can do for you.

What Else to Expect from Me

As those of you who have worked with me before already know, or have said here in my reviews on Zillow, I’m not afraid of hard work and extra efforts to help a deal succeed. I like to go above and beyond. . To me, it’s not about making a sale – it’s about making the sale work for my clients because, as those in the service industry should understand, I’m happy when they’re happy. What does this mean in details? Here’s some extra things I do with my clients.

I CARE!

  • Insight – I maintain a blog to share my market trend knowledge, insights and tips, but when working together, you’ll receive individual information pertaining to your house or the areas you need guidance. Leveraging more than a decade in the industry,  I can run the numbers with you, share my resources and local connections and point out reasons not to buy into a deal, if I see something that you miss.
  • Creativitiy. Creative, professional photos accompany each listing, in addition to flyers, placement on Zillow and well-written descriptions. Adaptive deal-handling skills.
  • Availability X 2 – You have double the coverage and resources because I partner with Sherri B, the active broker at Buy-Boise Real Estate Group. Our clients get two of us for the price of one.
  • Responsiblity. I take responsibility for researching the price points, helping you prepare your home for sale and helping you evaluate your opportunities and determine which next steps are most reasonable for you. It’s my goal that you have a good experience and my responsibility to do what I can to facilitate that.
  • Extras – it’s hard to summarize what the “extras” might be in any scenario, but I know them when I see them and am not afraid to take on the extra expense, effort or work. It’s my goal to make sure your house is ready to sell when the parade comes through. For buyers, I’ll take extra time with you on the process, followed by extra steps to make sure your offer is going to receive all due consideration (and then some) – sometimes by writing a personal letter other times through solid negotiations to help ensure that the right deal isn’t lost due to details.

If you’re considering selling your home, or interested in assessing your readiness in terms of an equity standpoint, we should talk. Value assessments are part of my job.

Sincerely,

Shana Moore, Your Local Boise Real Estate Professional and source of real estate market trends in Boise Idaho

 

 

Shana Foster Moore,

Your Caring, Local Boise Real Estate Agent

 

Cashing In

Posted by: admin  :  Category: Housing Market, Local Boise Market Update, Local Boise Price Charts, Market conditions, Market Trends, Market Updates, Moving in Idaho, Real Estate, Real Estate & Housing, Selling Boise Homes, Selling Homes

Cashing In: The Costs of a Sale

Those accustomed to moving, or 11.7% of the population in any given year according to Census data, seem to understand that moving carries a cost. Buyers understand there are costs involved with buying – down payment, closing costs, initial repairs or improvements and maybe a new couch that fits the new space.

A lesser known fact is that selling a home also carries a fairly standard set of inherent costs. Greg Kester of Pioneer Title breaks it down, “The seller is usually paying for anything associated with the sale, to show they have a sell-able, insurable property where the buyer is usually paying for anything to finance that home.”

Seller costs can be less intuitive, or more surprising, but a good rule of thumb is to budget 8-10% of the price of the sale to be safe.

Seller-paid costs

  • Real estate commissions -this is not a fixed number for all real estate companies, but Buy-Boise charges 6% to sell your home, 1/2 of which is given to the Buyer’s agent’s brokerage
  • Title insurance – also a percentage based on the price (.5% or less)
  • Settlement fees – usually split 50/50 with buyers and $680 or less
  • Unpaid taxes (billed bi-annually), irrigation fees, dues or assessments

Other potential costs to sell a home in Idaho

  • Capital gains tax (if there was a profit, and the home was not owner-occupied 2 of the last 5 years)
  • Seller-paid repairs
  • Seller paid closing costs
  • Transfer of security deposits and rents (for an occupied rental property)

Seller-paid closing costs have been trending up in Idaho. I started noticing it back when the Boise real estate market conditions took a big dip, but the idea seemed to gain traction, even as the market recovered. Buyers find it attractive more so than sellers, who already face some costs of selling.

Buyers often choose this form of negotiation because it decreases the amount they have to bring the closing table dollar-for-dollar in a lending situation. A reduction in purchase price only reduces “cash to close” by a percentage, in financing situations. It also affects the monthly payment ever so slightly.

“Whether it’s a buyers or sellers market can really determine whether buyers are asking for closing costs,” says our Pioneer Title expert Greg.

Costs to Buy a Home in Idaho

  • Down payment
  • Closing costs (loan origination, documentation, settlement fees  recording, pre-paid insurance, etc)
  • Appraisal – paid by the buyer about 60% of the time
  • Home inspection

A home tends to account for our biggest life purchases, and then one of our biggest sales. It’s important to fully understand all the numbers when making decision about selling your home, and evaluating the costs and profitability of a change.

For more information, please don’t hesitate to email me, or comment with your individual questions.

Sincerely,

Shana Moore, Your Local Boise Real Estate Professional and source of real estate market trends in Boise Idaho

Shana Foster Moore

Your Local Boise Real Estate Professional

Storytime with Shana Foster Moore

Posted by: admin  :  Category: Selling Homes

Sincerely,

 
ShanaFosterMoore@gmail.com
Your Local Boise Real Estate Professional

 

Boise Market Trends

Posted by: admin  :  Category: Market Trends, Selling Homes

Boise Real Estate Market Trends – Warming with the Spring Temperatures

Springtime in Boise is my favorite time of year! The flowers are blooming and so is the real estate market. According to Marc Lebowitz, executive director of the Ada County Association of Realtors (ACAR), “March was a very solid month. Sales are increasing as inventory grows. Median price increase is more sustainable. Distressed activity shows improvement in all areas; back to pre-bubble days. Everything forecasts a very strong next three months.”

And I am certainly looking forward to the next three months – I just hope there are more houses to show my buyers. Indeed, March continued to be a seller’s market. Sales of single family homes increased 4.3% compared to a year ago, with new home sales increasing 49% while existing homes sales were down 5% (for the third month in a row). This decline is likely due to the continued low inventory of existing homes. Where are you, sellers?

Source http://acarwatercooler.com/ “Sales are accelerating despite low inventory.”

The good news is that the inventory of existing homes has gradually increased since January. This increase is expected to continue as we move into spring and summer, but there’s plenty of room for more. If you’ve been thinking of selling, now is a great time! Multiple offers continue to be the norm and the median home price is up 22% from March 2012. Above $180,000 for three months now, Ada County continues to outpace the national average, according to the National Association of Realtor’s most recent report.

 

Source: http://acarwatercooler.com/ “Median Price is likely going to stay very strong through Summer.”

 

Source: http://acarwatercooler.com/

It can take time to prepare your house for sale to ensure that you get the best price possible. If you want to be ready for the summer selling season, the time to start is now. With an emphasis on effective marketing, promotion and staging, I will help you put the market-ready touches on your home. And if you are thinking of buying, as my previous clients will attest, I pride myself on my ability to match the just-right buyer with the just-right property.

Sincerely,


ShanaFosterMoore@gmail.com
Your Local Boise Real Estate Professional