The KEY to All Your Real Estate Needs |
|
This month's newsletter is packed with things to do as we get this summer started. I trust you'll recognize some long time favorites, as well as maybe find something new to include on your summer to-do list. The Treasure Valley area is filled with summer activities - there's something for everyone!
The real estate market is starting to look a bit more like pre-COVID times. An indication of this can be seen in the Days on Market (DOM) statistics. Looking at statistics for the past six years, you can definitely see a change from the previous COVID years.
Be Well... And, Enjoy the Summer!
|
|
Key Market Takeaways for Ada County...
-
The median sales price in May 2023 ebbed 10.9% compared to May 2022, landing at $534,900 — a $17,400 boost from last month. A breakdown of homes sold in various price ranges highlighted an increased interest in homes between $250,000 and $500,000, leading to a lower median sales price for the month. Mortgage rate hikes over the past year also may have contributed to lower sales prices.
- Existing homes faced the largest adjustment in median sales prices this month, bogging by $75,000. The 12.8% fade to the resale sector is slightly steeper than seen in past months, historically dipping from 2-14% year-over-year since September 2022. New construction welcomed a smaller reduction at 5.1% compared to the 10-20% we had seen year-over-year since January 2023.
- There were 1,259 single-family homes available in Ada County in May, a reduction of 17.2% compared to the same month last year. This is the first year-over-year decrease in inventory we’ve seen since June 2021. Resale home options decreased by 22.2% while new construction choices slid by 9.9% compared to May 2022.
|
|
- This month’s accelerated market speeds threaten to lower inventory moving into summer months. Comparisons for all sectors remain extended year-over-year, but single-family homes went under contract 19 days faster than the month before for a total of 36 days on market. New construction experienced the greatest shift month-over-month, shortening from 93 days in April 2023 to 66 days this month, while existing homes’ days on market depleted by 7 days. These hastened speeds have brought us back to pre-COVID market times, as shown in the chart below:
|
|
Fresh Air, Fresh Produce and More...
It's time for Farmers and Outdoor Markets! Enjoy the fresh air and the array of local produce and crafted items at these Treasure Valley markets.
|
|
The Boise Farmers Market
1500 Shoreline Drive
Saturday 9:00 AM - 1:00 PM
Boise Farmers Market is a food-centric and agriculturally based market. Within guidelines, the majority of the members must be agricultural. 95% of the vendors are food and agricultural products with 5% dedicated to non-food items.
Farmers markets have a long history of being more than merely a place to exchange goods. The Boise Farmers Market is committed to playing an important role in fostering new ideas in the regional food system. The Farmers Market is a place where the public can learn about the relationship of local food and farms to our health, our economy, and our culture.
|
|
The Capital City Public Market
The Grove Plaza - 827 W. Main Street
Downtown Boise
Saturday 9:30 AM - 1:30 PM
The Capital City Public Market’s mission is to create and ensure a vibrant, secure downtown Boise marketplace that promotes community and commerce among our members, city residents and visitors.
|
|
Eagle Saturday Market
Heritage Park - 185 E. State Street
Saturday 9:00 AM - 2:00 PM
A handmade market located in the heart of downtown Eagle. An array of arts and crafts along with local produce, herbs and flowers, woodwork, specialty food items, and freshly prepared food. Every Saturday the park comes alive with the melodious sounds of local musicians and community members coming together to support local micro-producers.
|
|
Farm to Fork Farmer's Market
Indian Creek Plaza - Downtown Caldwell
Tuesday - 5:00 PM - 9:00 PM
The Caldwell Farm to Fork Farmer's Market is part of Tuesdays on the Creek at Indian Creek Plaza in downtown Caldwell. The Farmer's Market takes place in conjunction with the Summer Concert Series, which runs from 6pm - 8pm.
|
|
Meridian Main Street Market
Meridian City Hall Plaza
33 East Broadway
Saturday 9:00 AM - 1:00 PM
The Meridian Main Street Market is the traditional Farmer's Market, but is unique in that it provides opportunities for youth as well. It also gives the public the chance to support local small businesses, farms and entrepreneurs. It is a way to provide healthy, organic food options for our community.
|
|
Downtown Nampa - Lloyd Square Park
Saturdays 9:00 AM - 1:00 PM
The mission of the Nampa Farmers’ Market is to provide a venue where local farmers, producers, crafters and artisans come together to provide a variety of fresh produce and locally crafted products directly to the consumer. The market encourages direct communication between consumers and producers and promotes nutritious food choices. The goal is to provide support for vendors and enhance the quality of life in the local area by providing a quality community activity which fosters education, entrepreneurship, social gathering, community building and interaction in a friendly, vibrant open air market.
|
|
The Middleton Market
Middleton Place Park - 75 Marjorie Avenue
Thursday 4:00 PM - 8:00 PM
The Middleton Market opens annually the Thursday prior to Memorial Day and runs through the Thursday following Labor Day. Thursdays from 4-8 p.m.
|
|
You Know Summer is Here When the FREE Music Starts!
Summer is here and so are FREE music events throughout the Treasure Valley. Tuesday through Saturday, there's something going on for everyone. Check-out the posted website for specific dates, times and artists.
|
|
TUESDAYS ON THE CREEK
Indian Creek Plaza
120 S. Kimball Ave., Caldwell
Tuesdays thru September 26
6:00 PM - 9:00 PM
|
|
JUMP JAM & JIVE
JUMP
1000 W. Myrtle St., Boise
Every-other Tuesday
(check website)
6:00 - 8:00 PM thru September 5
|
|
Alive After Five
The Grove Plaza
Downtown Boise
Wednesday's June 21 thru August 9 ~ 5:00 PM
|
|
THURSDAY THUNDER
Boise Spectrum Center
7609 W. Overland, Boise
Thursdays 6:00 PM
June 22 - August 31
|
|
BRI KLEINER PARK LIVE
Julius M. Kleiner Memorial Park
1900 N. Records Ave., Meridian
7 PM. alternating Fridays, June 9 through Aug. 18
|
|
BIG AL’S
LIVE ON THE PATIO
Big Al's - The Village
1900 N. Eagle Road, Meridian
Fridays and Saturdays
thru August 26
7:00 PM - 10:00 PM
|
|
MCCLEARY’S
Outdoor stage at McCleary’s Pub
9155 W. State St., Boise
Saturdays thru September 15 8:00 PM - 11:00 PM
|
|
Activities to Get Your Summer Started
Don't miss out on some of these upcoming June events!
|
|
Enjoy a special spot tucked away on the Boise Greenbelt with local food, dessert, drinks and live music. Green Acres is a family-friendly place where you can bring your dog, enjoy yard games and spend time outside right next to the Boise River. It features four permanent businesses plus different local rotating trucks every day. It supports our local community, and partners with local organizations and businesses to host exciting events. Listen to a live music show - they host a local musician or band every day!
1401 Shoreline Drive Boise, ID 83702
Find us at the intersection of 14th street & Shoreline Drive
Wednesday - Saturday 11:00 AM - 9:00 PM
Sunday 11:00 AM - 8:00 PM
Right on the Greenbelt!
|
|
The Summery Market is handmade + vintage, the sunny days sister to the Wintry Market, where you’ll find some of the most talented makers and creative entrepreneurs of the area – a unique collection of the best and brightest. These artists + collectors are dedicated to their craft and shoppers eager to shop handmade not only during the holiday season, but all year round! Founded in 2010, The Markets have been built on the foundation of the DIY Spirit – empowering the artists – as well as the regional community who support them. Enjoy this event during the warmer season.
Friday, June 16 4:00 PM - 8:00 PM
Saturday, June 17 9:00 AM - 5:00 PM
Expo Idaho - 5610 N. Glenwood St., Garden City
Outdoors in the Rose Garden
Tickets are $5 each day
Learn more at:
|
|
MERIDIAN DAIRY DAYS
A princess pageant, dairy cattle and goat shows, carnival, food vendors, music, Old MacDonald Farm, golf tournament, a parade and more....
June 21-24
Storey Park
205 E. Franklin, Meridian
Visit their website for a complete schedule of events
|
|
The Warehouse Food Hall and Treefort Music Hall are teaming up to bring the ultimate block party to downtown Boise. The free event will be jam-packed with live music on multiple stages, food and drink vendors, family-friendly games, fan experiences with the Idaho Steelheads, and more. All ages are welcome.
8th Street between Front and Broad will be closed off for an epic party that celebrates everything great happening on the BoDo block. Enjoy live performances every hour, on the hour, on stages on the street, inside Treefort Music Hall, and in the newly unveiled Hap Hap Lounge. Visit The Warehouse Food Hall and indulge in over a dozen food and beverage options and stop in and see all the neighbors of the BoDo district.
SATURDAY, JUNE 24 ● 10:30 AM TO 10:00 PM
Learn more at:
|
|
May 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 May 2023, Nationally, Homes for Heroes...
-
gave back $1,731,546 in Hero Rewards.
-
connected 5,983 People with Homes for Heroes affiliated real estate professionals.
-
helped 684 Heroes save money when buying, selling or refinancing a home.
-
enriched 508 Communities with Hero related real estate transactions.
-
awarded $25,000 to Firefighter Cancer Support Network.
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.
|
|
Julie Cendejas | Cendejas Group Real Estate, Keller Williams Realty Boise
|
|
|
|
|
|
|
