The KEY to All Your Real Estate Needs |
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You can probably look back at past newsletters and hear me say, "wow" regarding the median home prices in the Treasure Valley. Well, I'll repeat myself, "wow" - $549,900 for existing/new homes in Ada County! Another broken record. And, the spring market is just ramping-up!
And, with spring on the calendar temperatures are also ramping-up! Why not head out to Downtown Boise and take in a First Thursday. Or, visit the Boise Zoo for the return of their Easter EGGstravaganza. It's a great time to start getting outdoors.
When thinking about selling a home, many homeowners have a laundry list of tasks on their to-do list to get their home in tip-top shape. This spring, I also challenge those who don't have plans to sell - give your home an uplift that you can enjoy!
Take Care & Be Well...
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February 2022 Market Report |
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Key Market Takeaways...
- The median sales price for Ada County reached $549,900 in February 2022, an increase of 21.6% compared to February 2021, and a new record for the county.
- In Canyon County the median sales price reached $434,450, and increased of 18.1% over February 2021.
- Home prices continued to be driven by insufficient supply compared to buyer demand and indicate we may likely see another competitive spring market.
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In Ada County another contributing factor that drove up the overall median sales price in February was the larger share of new construction home sales for the month. Due to increasing costs and shortages of materials, as well as increasing costs of land and labor, the median sales price for new homes was 30.6% higher than the same month a year ago, coming in at $587,551. In February, new construction homes made up 36.7% of all home sales, which also pushed up the overall median sales price for the county.
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After a more normalized market pace in January, Days on Market for existing homes in Ada County sped up in February to 23 days, on average. While this is a year-over-year increase of 14 days, or 155.6%, it’s a dramatic drop from January 2022 when the average was 33 days.
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Experience First Thursday
Visit Downtown Boise the First Thursday of each month to experience art, shopping, dining, live music, family activities and entertainment in a special and unique way you’ll only find Downtown.
Local merchants plan exciting, engaging in-store events including food and beverage tastings, local art exhibits, and trunk shows. Stop into your favorite establishment or check out someplace new!
Events typically run from 5:00 – 9:00pm, but each merchant creatively plans their own event so visit the Downtown Boise website for individual hours and details.
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Thinking about selling your house? Here is a list of things you'll want to tackle to make sure your home is in tip-top shape and ready for the market.
But, wait... maybe you're not thinking about selling. How about giving your home an uplift for YOU! And, while you certainly don't want to depersonalize your home, many of these tasks can be just the thing to make your home look cared for and something you feel good about.
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Zoo Boise Easter EGGstravaganza
After a 2-year hiatus, Easter EGGstravaganza is going to be bigger and better than ever. To celebrate, Easter EGGstravaganza is happening for 2 full days on April 9 & 10. Both days will be jam-packed full of candy stations, animal enrichment, activities, photo-ops, and vendors. It will be totally EGG-cellent!
Hop on over to Zoo Boise and meet the Easter Bunny and animal helpers as they pass out over 30,000 pieces of candy and eggs! There will be Easter Bunny photo-ops, face painting, special treats for the animals, and much more!
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February 2022 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 February 2022, Nationally, Homes for Heroes...
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gave back $979,817 in Hero Rewards.
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connected 5,878 People with Homes for Heroes affiliated real estate professionals.
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helped 429 Heroes save money when buying, selling or refinancing a home.
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enriched 320 Communities with Hero related real estate transactions.
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awarded $20,000 in grant money - $10,000 NC Fallen Firefighters Foundation and $10,000 to Ezras Nashim, Emergency Care Services in Brooklyn, New York.
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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