Your Idaho Realty

$ PRICE IMPROVEMENT $ Under $400k!!
Have you experienced the quaint little town of Sweet, Idaho and stopped to take in the 360 degree views 🌄 in this beautiful area surrounded by the hills? You should! Take a short jaunt just 1 mile from Sweet-Ola Highway to imagine your life on this 5-acres of peaceful land. Just 40 miles from downtown Boise but it feels like a world away. OH...the possibilities!
MLS # 98924225
10483 Panther Gulch Lane Sweet, Idaho 83670
[email protected] 208.941.5439
http://imls.paragonrels.com/paragonls/publink/view.mvc/?GUID=25fe51c0-0e1a-4d41-856b-eaf3dd19e110&Report=Yes

📣Monthly Monday Market Update! Days on Market are up in both Ada and Canyon counties. The biggest change is in absorption rate - Ada County went from 75% to 84% and Canyon 67% to 83% which are big jumps. Median sales prices are staying steady, with only slight changes on the other stats. This is common going into the winter season but I am watching the market like a hawk as we go into the election tomorrow. Whether we like it or not, the outcome of this election is going to effect our housing market. I talked with a client today about his concern seeing pricing in other states decreasing. Idaho trends are always a bit behind larger states but we have seen our prices hold steady above others these past few years. My prediction is that we will continue to do that. Future stats will show us those results. We will keep watching and continue to help the clients who trust us day in and day out with their home sales 🏠

📣Monday Market Update time!
Slight changes week over week. I will continue to analyze these each week and get into the month comparisons as well. Right now, Ada County absorption rate is up 5% in just one week which shows homes are moving! I had two closings last week as well as two new buyers so I can attest that we are rockin and rollin over here. It will be interesting to see how the fall and winter goes, especially with elections coming up. I am always here to talk with you about your home and a move if you that time is coming for you and your family. 🏡

It is time for the Monday Market Update📣🗓I have a brother-in-law who is always very interested in what is happening in our market. We have colorful conversations and fun banter back and forth about what he reads on national sites and what I see in the day to day. It reminds me that so many of you want to know the same things and I want to share accurate data! Here are the key points I look at each week in our local market and I will be continuing to share them with all of you each Monday morning. I would love to dive deeper into your own neighborhood too! I will buy the coffee, just call me ☕☎️

The Treasure Valley real estate market continues to exhibit stability and modest growth as we move through June 2024. Here's a detailed look at the current trends and key statistics for the area:

Pricing Trends
Home prices in the Treasure Valley are holding steady with a slight increase observed over May. This continued price stability suggests that the market remains strong and resilient, maintaining its appeal for both buyers and sellers.

Inventory Levels
The inventory of available homes remains below the four-month threshold, indicating a seller's market. In fact, there has been a decline in the number of homes listed compared to May, which further tightens the market conditions. This lower inventory is a critical factor contributing to the steady or slightly increasing home prices.

Market Insights

Buyer Demand: Buyer interest remains high, driven by the region's desirable living conditions, job opportunities, and quality of life.

Seller Advantage: With inventory low and demand steady, sellers are in a favorable position to receive competitive offers and potentially sell homes quickly.

Looking Ahead
As we progress into the summer months, the Treasure Valley market is expected to maintain its current trajectory. Buyers should be prepared for competitive conditions, while sellers can expect continued strong interest in their properties.

For those considering entering the market, either as buyers or sellers, staying informed about these trends will be crucial for making well-informed decisions.

Selling a home involves several steps and considerations to ensure you get the best possible outcome. Here are some valuable tips for home sellers to help them navigate the process successfully:

1. Preparing your house - Making it inviting so potential buyers can envision themselves in the space.

2. Pricing and Marketing - Picking the right price to entice the buyers and getting in front of as many buyers as possible is imperative for bringing home the best price.

3. Showing and Open House - getting buyers in the door is important so make it available as often as possible.

4. Negotiation and Closing - Stay available to respond to offers and be prepared to make a great deal.

5. Extra Helpful Tips - Some of our favorite tips to help you get the best offers on your home.

According to the stats, the valley saw some movement in May. Here at Your Idaho Realty, we have been busy! Pricing increased in Ada County while Canyon County was unchanged. Eagle had a median increase of 29% Month over Month!!!

Inventory is still low but trending towards a buyers’ market. We are hovering between the 3 ½ - 4 months’ worth of inventory which is better than 1 month which we saw in the last couple of years. In order for us to really qualify as being in a “buyer's market”, we would need 4-6 months’ worth of inventory for the buyers in the market.

Pricing is still increasing around the Treasure Valley this year even with rates hovering around 7.5%.

If you are in a position and need to sell, it is still a great time. In our opinions, it is still a good time to invest in real estate, especially with some of the rate buy downs and seller concession options. Pricing is still expected to increase in our valley. Let us know if we can help with anything. (Specific area market info, home valuation, etc...) This is our life and we would love to help!

Come see me this weekend!

🏡 ☀️ OPEN HOUSE at 1016 E Claybourne Dr in Meridian.
Just off Locust Grove between Fairview and Ustick.

Open House Saturday 10-2
Open House Sunday 11-1

Brand NEW listing and beautiful home remodeled by my friend, Carrie Mikell at Built Again . She and her team did an amazing job! You have to see these before and after photos!

For more info ahead of time, or anytime, call or text me at 208.941.5439

Listed by Mikell Real Estate with Homes of Idaho Realty
Hosted By Your Idaho Realty

Overall we saw a slight decline in median pricing in April.

The FED continues to delay any interest rate decreases so rates are holding steady in the 7.5-8% range. That is causing a lot of buyers to hold or be unable to afford their next purchase. It's also causing sellers to hold onto their current homes that they have sub 4% interest rates on.

Overall that is causing a decline in inventory which is why our days on market also went down. As inventory continues to decrease, houses are selling quicker and quicker.

New construction is still progressing and ramping through peak season and there are still good deals to be had if you're interested in buying. It's also a great time to sell in this sellers market.

Let us know if we can help!

Home Seller Pro Tip: One effective way for home sellers to grab the attention of more buyers is to focus on curb appeal. First impressions matter greatly when potential buyers arrive to view your home. Enhancing curb appeal can significantly increase interest and ultimately the selling price of your property.