The KEY to All Your Real Estate Needs
|
|
One of my favorite things about this newsletter is sharing the many activities that take place throughout the Treasure Valley. Sadly, many events we have come to know and look forward to have been cancelled or significantly altered due to COVID-19. I have included some events still taking place as of this newsletter that could be safe and fun. Given our ever-changing environment, please be sure to check activities and events prior to attending for the latest guidelines and status.
The Treasure Valley real estate market is still going strong. Check out the median price increase for single family homes in Ada County over the past four years. Keep in mind a big variable includes the higher cost of new construction.
Whatever this summer brings, please remember to watch out for the bugs, wear your sunscreen and follow expert health safety guidelines.
Stay Well & Stay Safe...
|
|
May Market Report
For the second consecutive month
, home sales in Ada County were lower than the same month in 2019, as REALTORS® and consumers heeded Idaho’s stay-home order for any non-essential transactions.
- Closed sales were down 29.7% in Ada County and 21.1% in Canyon County compared to May of 2019; but as this is a backward-looking metric, it primarily reflects buyer activity during March and April when more restrictions around showings and open houses were in place. However, in Ada County pending sales, or properties with an accepted offer that should close within 30-60 days, were up 4.7% in May 2020 compared to last year, and up 25.4% compared to April. The 1,957 pending properties, which were almost evenly split between the new construction and existing/resale, will be reflected in the sales data in June and July.
- While the Ada and Canyon County housing markets have indeed been impacted by the COVID-19 crisis, it's believed the stage is set for a rebound in sales, due to the strong market position at the beginning of the year and continuing buyer demand compared to supply.
- The median sales price for Ada County in May 2020, for new construction and existing/resale combined, was $360,450, up 6.0% year-over-year but down 3.9% from the record high in April of $374,900. In Canyon County new construction and existing/resale combined, was $277,537, up 14.2% year-over-year and up 1.6% from April.
- This month-over-month dip in Ada County was primarily driven by the mix of sales. Previous record highs were the result of new construction making up a large share of closed sales. While still significant in May at 31.8%, the share of new construction sales was down from 35.0% in April, helping to bring down the overall median sales price for the county.
Across the valley, brokerages and builders are taking extra precautions to protect clients. Additionally, REALTORS® have access to local, up-to-date market data, and are able to customize it to your unique situation.
Whenever you’re ready to buy or sell a home, I'm here to help. Please contact me if you have questions.
|
|
Pick-up or Delivery...
It's Your Choice With the Boise Farmers Market
|
|
A favorite activity of the summer season is the Boise Farmers Market. This year, however, the market looks different with changes in response to COVID-19. These changes haven't changed the market's commitment to providing the community with freshly, locally grown produce and local products.
Take advantage of the local produce and products offered at the market in one of two ways - Saturday morning pick-up or delivery. To learn more about how the process works and/or place an order, click on the link below to visit their website:
In summary...
- Orders can be placed online for market offered produce and products starting Tuesday's at 7:00 AM through Wednesday.
- Select from available pick-up times on that following Saturday.
- Pick-up your order at the designated time at 1500 Shoreline Drive, Boise. Driving, walking or on your bicycle... there's a safe, designated pick-up area for you.
- You'll pay when ordering, but won't be charged until you get your order.
- Having it delivered... your order will be at your door on Saturday between 9:00AM - 1:00PM. You'll be texted when it's on its way.
|
|
Looking Back at the Past Four Years...
Median Home Prices in Ada County
It doesn't take this graph for most people to know that median single home prices in Ada County have been increasing in recent years. But, just how much? Here's a look at how the median sales price for single family homes has increased in Ada County based on home sales in May over the past four years.
|
|
Yes, It's Christmas in July...
Kleiner Memorial Park in Meridian is the site for the first annual Christmas in July vendor and craft fair. Get a head start on your holiday shopping with handcrafted items and merchandise provided by our local crafters and small businesses!
SATURDAY, JULY 11th FROM 10 AM - 4 PM
VISIT SANTA BETWEEN 11 AM - 1 PM
Food Trucks, Kid Friendly Activities, Laser Tag, Playgrounds, Splash Pad, Vendors and More!!
FREE ADMISSION | OPEN TO THE PUBLIC | FAMILY FRIENDLY
Given our ever-changing environment due to COVID-19, please check the event website below for any changes and/or possible cancellation.
|
|
Don't Get Bugged This Summer
Landscaping Plants That Bugs Hate
Bugs hate strong scents of mint or citrus. Mix plants with those scents into your landscaping, especially near the porch, patio, or deck for added beauty and functionality.
Here are some pest-repelling plants and the bugs that hate them:
- Basil: flies, mosquitoes
- Catnip: mosquitoes, ticks, flies, cockroaches
- Chrysanthemums: roaches, ants, ticks, fleas, bedbugs
- Lavender: moths, fleas, flies, mosquitoes
- Citronella: mosquitoes
- Geranium, lemon scented: mosquitoes
- Lemon thyme: mosquitoes
- Marigold: mosquitoes
- Rosemary: mosquitoes
|
|
Courtesy of Houselogic.com
|
|
Float Season Is On...
The 2020 Boise River float season starts July 1.
This year's float season may look a little different, so please check for updates/changes before heading-out to the river. A good source for the latest information is the Float the Boise River Facebook page at:
Be safe and have fun this float season!
|
|
May 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 May 2020, Nationally, Homes for Heroes...
- gave back over $1,265,123 in Hero Rewards.
- connected 7,192 People with Homes for Heroes affiliated real estate professionals.
- helped 686 Heroes save money when buying, selling or refinancing a home.
- enriched 504 Communities with Hero related real estate transactions.
- awarded Grants to the National Coalition of Homeless Veterans.
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.
|
|
This is a repeat from last year - but, it bears repeating...
Don't be Bacon
Wear Your Sunscreen!
|
|
Julie Cendejas | Cendejas Group Real Estate, Keller Williams Realty Boise
|
|
|
|
|
|
|
