The KEY to All Your Real Estate Needs |
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The weather wasn't the only thing that was hot in the Treasure Valley during the month of July. The real estate market was full of action. Home inventories continued to grow for the fifth consecutive month - increasing by over 40% in Ada and Canyon Counties from the previous month. But, these increased inventories don't mean you can snooze... homes are moving fast with an average of 13 days on the market.
While we may be on the backside of summer, there are still plenty of activities going on in the Valley. The Spirit of Boise is back. Take in a Boise sky filled with colorful balloons. And, it's almost time for college football. Don't miss a game this year - I've included the latest schedules for Boise State and the University of Idaho.
Want to learn something new this fall? Boise Learn has you covered with over 200 offerings. If you've never taken the time to check out their course list, I urge you to take a peek - so many interesting classes! Or, have you ever wanted to teach/share a skill, talent or passion with others? Volunteer as an instructor. An opportunity that could be enriching for you and the community.
Take Care & Be Well!
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Key Market Takeaways...
- The median sales price for homes in Ada County reached $540,000 in July, up 2.9% from June, and up 38.5% from July, 2020. In Canyon County, home sale prices went up 38% from July 2020, but decreased 2.2% from June.
- While our region has faced insufficient supply compared to demand for years — the main driver of home prices — July marked five consecutive months of inventory growth. While still low compared to previous years, in Ada County there were 1,055 homes available for sale at the end of the month, up 44.7% from June. In Canyon County there were 676 homes available for sale at the end of the month, up 41.7% from June.
- After Ada County home prices rose above the $500,000-mark in May, homeowners may have been encouraged to list, as existing inventory was higher than the previous month and year for the second month in a row, something not seen since March of 2020 just before the pandemic hit the market.
- Despite more inventory, the speed of the market continues to be fast. The number of days between when a home was listed for sale and an offer was accepted (also referred to as Days on Market) in Ada County was at 13 days, on average, in July - 22 days faster than the same month last year. In Canyon County it was also 13 days - 26 days faster than the same month last year. While the uptick in the number of homes for sale is great news for buyers, they still need to act quickly.
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Median Home Prices - A Steep Climb
While we all know home prices have been on a continual climb... these graphs of the median home prices in Ada and Canyon Counties pictorially shows how steep that climb got between 2019 and today.
In Ada County from July 2019 to present, home prices increased by 54.3%; from 2016 to present that percentage increases to an amazing 122.2%.
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In Canyon County from July 2019 to present, home prices increased by 65.9%; from 2016 to present that percentage increases to an astonishing 144.4%. |
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Are You Ready for Some Football?
It's time to get ready for some Idaho College Football! Here's the schedule for Boise State and the University of Idaho to help you make your plans!
Note: keep in mind things change. Get the latest information at:
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The Spirit of Boise
Up, up and away with the Spirit of Boise!
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September 1, is the launch date for Boise's annual Spirit of Boise Balloon Classic. The 5 day event takes place at Ann Morrison Park, but you'll be able to see the colorful skies around Boise throughout the city.
Launches typically take place at 7:15 AM and last until approximately 9:00 AM. On Friday, September 3 you can see "Night Glow" at 8:05 PM. Night Glow activities start at 5:30 PM with food, vendors and live music.
All launches are subject to weather conditions, so make sure you check the Spirit of Boise webpage and learn more about the event at:
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For 50 years, Boise School District's Community Education program has served the Treasure Valley with affordable lifelong learning opportunities for all! They offer three sessions - Fall, Winter and Spring. Online registration for the Fall 2021 session of classes has begun. Fall classes run September 13, 2021 to October 21, 2021.
If you're not familiar with Boise Learns, take some time to scroll through their online course list of over 200 classes. There's something for everyone!
Have you ever wanted to share a skill, talent, hobby or interest with others? Boise Learns is always looking for volunteer instructors. What a great opportunity to check an "I've always wanted to..." off of your bucket list and share with the community.
Why become a volunteer instructor?
- To have FUN!
- To enhance personal well being - volunteers live longer, healthier lives
- To build networks for personal and professional growth
- To share talents, skills, and expertise
- To inspire life long learning in others
- To create a more productive and enriched community
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July 2021 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 July 2021, Nationally, Homes for Heroes...
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gave back $1,852,567 Million in Hero Rewards.
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connected 5,370 People with Homes for Heroes affiliated real estate professionals.
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helped 818 Heroes save money when buying, selling or refinancing a home.
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enriched 557 Communities with Hero related real estate transactions.
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awarded $10,000 in grant money to the Million Dollar Teacher Project, Teacher We Trust Fund
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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