The KEY to All Your Real Estate Needs |
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I'm excited to share my new listing with everyone - this home is awesome! For many of us, Horseshoe Bend sounds way out of our comfort zone... and, it may be. But, think about this, only 30-minutes from Eagle or Emmett and you can get away from it all... but, not THAT away.
There's a thread of color in this month's newsletter! From the colorful, 5th Annual Illumibrate Light and Color Festival taking place at JUMP, to the beautiful watercolor artwork created for me by Beth Suter. Check it out - I love it!
Home sale prices continue to trend downward for the third consecutive month, with the year-over-year median average down almost 10 percent from January 2022. The percentage of average Original List Price (OLP) went from 97.3% to the 91.9%. As a buyer, this reflects increased power to negotiate.
Take care and be well... and, spring is on its way!
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January 2023 Market Report |
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Key Market Takeaways...
- For the third consecutive month, the median sales price for homes in Ada County decreased year-over-year. In January, the median sales price of homes was $487,495 — down 9.7%, or $52,500, compared to January 2022. The last time that the overall median sales price was under $500,000 was in July 2021.
- Both the existing/resale segment and new construction segment saw year-over-year declines in median sales price, with the biggest drop in new construction. The median sales price for new homes that closed in January was $494,990, a decrease of 16.0%, or $93,955, compared to the same month a year ago. The median sales price for new homes hasn’t been under $500,000 since April 2021.
- Sales were also 32.8% lower for the county compared to last year, with a total of 454 closed sales in January 2023. Of those, 269 were existing/resale homes, down 41.5% from January 2022, and 185 were new construction homes, down 14.4% from last year.
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- Demand for housing waned as higher mortgage interest rates and swift home price appreciation put pressure on affordability. Since the housing market continues to be driven by supply versus demand, sellers are having to adjust prices and negotiate with buyers to close the deal.
- The average Percent of Original List Price (% OLP) Received for existing home sales last month was 91.9%, which means on average, buyers paid 8.1% less than asking, compared to last year, when the % OLP for existing homes was 97.3%. On average, existing homes that closed last month sold for approximately $60,000 less than the original list price.
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This home is a dream! Located in Horseshoe Bend, approximately 30-minutes from Eagle or Emmett, this home has it all. Spectacular views, space and privacy, and a gorgeous well-thought-out custom built home. You've got to take a closer look for yourself!
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Highlights include:
- 3,657 sq. ft / 5.8 Acres
- 5 Bed / 3 Bath
- 3 Car Garage w/ Pull-through
- Single Level
- Custom Built in 2020
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- Cafe' Appliances
- 10ft. Kitchen Island
- Theatre Room
- 20 ft. Ceilings
- Views That Don't Quit!
- $1,299,000
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WHAT IS ILLUMIBRATE?
il•lu•mi•brate
/iˈlo͞oməˌbrāt/verb 1.To illuminate and celebrate the human spirit and our connectedness as a community.
2. A combination of the words illuminate & celebrate.
JUMP is hosting its 5th Annual ILLUMiBRATE Light & Color Festival - A FREE community event featuring enormous art exhibits, specialty food and drinks in a family-friendly environment. This year's theme is Light & Animals. How does light affect animals? How does light trigger the migration patterns of birds and other animals? Explore the answers to these questions and more in the immersive, interactive, and educational environment of ILLUMIBRATE 2023:
LIGHT & ANIMALS
Local artists, community members, non-profits, and organizations have spent countless hours creating exhibits and playful creatures of gigantic proportions! Guests will be invited to dive into an aquatic lounge, dine with a pack of wolves, find your inner feline, follow a migration path of birds and butterflies, and much more. Come dressed in your craziest colors: light-up shoes and blinky bike lights welcome!
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When: Friday March 3rd | 6:30pm – 10:30pm
Where: Throughout JUMP
Price: FREE
Open to the Community!
For more information visit their website at:
WARNING: Installations at this event may potentially trigger seizures for people with photosensitive epilepsy. Viewer and participant discretion is advised.
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I'm so excited to share my newly commissioned artwork from Beth Suter. Many of you may recognize the look and feel of her work from items I've shared. Or, you may have seen her work at Albertson's Market Street, local arts and craft events, or her social media sites.
Growing up in Idaho, Beth's work is greatly inspired by the beauty of the area - tall trees, rivers, mountains and open skies. Using vibrant colors and a loose painting style, she captures these scenes and gives them a magical feel.
To learn more about Beth and see more of her beautiful artwork check-out her website, Instagram and Facebook sites below:
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January 2023 Circle of Giving...
We at Homes for Heroes, Treasure Valley are so proud to be part of this Circle of Giving and give back to those in our community who give so much.
In January 2023, Nationally, Homes for Heroes...
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gave back $1,043,088 in Hero Rewards.
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connected 6,252 People with Homes for Heroes affiliated real estate professionals.
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helped 432 Heroes save money when buying, selling or refinancing a home.
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enriched 338 Communities with Hero related real estate transactions.
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awarded $10,000 grant awarded to Georgia Police K9 Foundation.
Join the circle by sharing this email and GIVING your HERO friends and family the gift of BIG SAVINGS on the sale or purchase of a home.
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Julie Cendejas | Cendejas Group Real Estate, Keller Williams Realty Boise
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