We’re starting to see a slight shift in the Boise home market. While homes still sold for near record highs for the last few months, we haven’t seen the same month-over-month price jumps. Properties aren’t flying off the market quite as fast as they were this Spring and Summer.
What does this mean if you’re trying to buy a home? October marked the 7th consecutive month of increased inventory. Although we are still in a sellers market, price reductions and/or contingencies are becoming more commonplace. This shift in the market is allowing buyers more time to make decisions, as they typically do not need to compete against multiple cash offers and pay thousands over list price to get into a home. This window of opportunity enables buyers to have more options and to take advantage of historically low interest rates before they increase.
What does this mean if you’re trying to sell a home? Median sales prices of single-family homes in the area have increased an average of 35.5% year-over-year. Although sellers have had a great run at increasing prices, we are now starting to see a teeter totter effect in median home sale averages. If you’ve wanted to cash in on all the equity you’ve accumulated now would be a great time to do so. The demand is still strong so if you are trying to sell to buy, the timing could not be better. As spring rounds the corner inventory will likely rise as will the competition in the marketplace.
We're sure you have questions. We're here to help. Our experienced agents are ready to help you through the real estate buying and selling process. Give us a call today at (208) 501-8200 or email us at email@example.com.
You can also schedule an appointment with us by clicking here. We're thrilled to help you find the home that's right for you.
West Real Estate Group
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4. Does Your House Have What Buyers Want? With the continued rise in remote work, more buyers are looking for homes that can support multiple... READ MORE >
5. What's Happening with Home Prices? According to the latest Home Price Index from CoreLogic, home values have increased by 18.1% compared to this time last year... READ MORE >
6. 4 Things Every Renter Needs To Consider As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? READ MORE >
"We found West Real Estate Group through Ramsey Solutions Endorsed Local Provider (ELP) list.
Almost immediately we received a call from John West who took time to meet and get to know us BEFORE asking for what our real estate needs were - very refreshing! We then worked closely with Derek to find the right house. Being first-time home-buyers, working with Derek has been amazing; he was always finding ways to educate us along the way. And the happily ever after? Well, we found our first home! We highly recommend West Real Estate Group. They truly have a heart for educating and advocating for their buyers."
In October, we enjoyed watching our team member Nicole Brushey tie the knot. We were so thrilled that she invited the entire company to attend and enjoy such a special day! It was an amazing celebration and we're so happy for you Nicole. Way to close the deal!
The West Real Estate Group team. From left: Marena Crouch, Chandra Lopez, John West, Victoria West, Nicole Brushey, Alex Zayshlyy, Derek Cassel, Daniel West, Nelja Westwood, CJ Westwood
We wanted to take a moment to thank you for reading our newsletter and supporting us. We're truly grateful for our community. Your referrals, trust, and confidence in us are everything. We run this business with our whole hearts and we're so appreciative of you!
We hope you have an amazing Thanksgiving!
Victoria & John West and the West Real Estate Group Team
Can we ask for your help?
Our team has a big goal of helping 200 families with their homeownership goals this next year. Who do you know that we might be able to help?
"They worked hard for us while selling our home; from the time our home went to the market to the time it closed was just over a month…he was AMAZING! Thank you, thank you, thank you! You guys do an amazing job and I will continue spreading good things about you and send business your way! "- Gary & Jenny Grant
"West Real Estate Group did an outstanding job of assisting us with the sale of our home. Complications and hurdles were promptly dealt with and the with minimal delay to our closing. Our home was sold in five days. John gave us his word that we would be in our new home as planned. John kept his word. Thanks for all you did John. We will be recommending you and your team to all wishing to sell their home." -Gary and Melanie Quast
"They gave great advice to get our home ready to sell, and gave us enough information throughout the process to feel confident we got the best deal possible. Our house ended up selling on one day, above the asking price! We would recommend West Real Estate Group to anyone wanting a good, fair deal-buyer or seller!" - Nathan & Laura
"John kept in contact with us while we were preparing the home to list. When we were ready- so was he with comps & analysis. He promptly helped us set a price, listed the home, and we had an accepted offer within a day! He helped us negotiate with the buyer to pay 1/2 of an unexpected furnace replacement cost, and we closed early. Excellent! Thanks, John." -Dan & Jennifer Hagan
"John and his team were fantastic through our entire selling process! Not only did he sell our home quickly, but he kept us well-informed and was willing to answer any and all of our questions. We would highly recommend him to anyone looking to make their selling experience a great one." - Brandon & Caitlin Robbinson
"What impressed us about John and his team was their ability to utilize technology and really get our home exposed. The HD photos of our home were perfect. John communicated with us weekly on the status of our home while it was being marketed. John and his team are true professionals in the real estate business. Thank you!" - Channon Romo
"We interviewed and hired this group to sell our home in Meridian, ID. We were impressed from the start and never disappointed throughout the whole process. The work done was professional, top notch, courteous and responsive. They were personally attentive and used the most up to date technology. Whenever we needed to contact them, they were available. John contacted us on a regular basis as well. We always felt we were in the loop and were constantly kept informed of the progress of our listing/sale. We would employ John and his team again in a minute when the need arises, and as a bonus, we made friends for life!” -Jane Sessions
"We have lived in many places across the country and bought and sold numerous homes. John and Nicole were the best realtors we have ever associated with. They were personal and professional. Very knowledgeable and easy to talk with. I would recommend them to everyone." Lori Washburn