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 info@westrealestategroup.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.

Sincerely, 

West Real Estate Group

 
Real Estate News
 
 
Boise Regional November 2021 Market Report
1. Boise Regional October 2021 Market Report 
Prices drop slightly as Ada County housing market slows its rapid pace...
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Experts Project Mortgage Rates Will Continue to Rise in 2022

2. Experts Project Mortgage Rates Will Continue to Rise in 2022
Here’s a look at what several experts project for mortgage rates going into 2022...
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Renters Missed Out on $51,500 This Past Year

3. Renters Missed Out on $51,500 This Past Year
When deciding whether you should rent or buy in the future, keep in mind how much renting can cost you...
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Does Your House Have What Buyers Want?

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...
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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...
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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?
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Buyer & Seller Resources
 
 
 
Testimonials
 

"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." 


-Elizabeth Codde

5-Star Google Rated Business
Dave Ramsey's Endorsed Local Providers
 
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!

Sincerely, 

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?
 
TELL US, CAN WE HELP YOU OR SOMEONE YOU KNOW?