West Real Estate Group Video Blog

Expert Tips for Navigating the Idaho Real Estate Market

Our mission at West Real Estate Group is to be your resource for your Real Estate needs in Idaho. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about Real Estate. Watch the videos and articles below to get the latest news on local market trends and receive expert tips for buying or selling a home. Call us with any questions you may have at 208-501-8200

Feb. 15, 2022

FEBRUARY 2022 REAL ESTATE NEWS

Want Top Dollar for Your House? Now’s the Time To List It.

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you’re thinking of selling your house this year, here are two reasons why now’s the time to list.

1. Demand Is Very Strong This Winter

recent article in Inman News explains:

“Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . ‘Home shopping season appears to already be in full swing!’”

And they aren’t the only ones saying buyers are already out in full force. That claim is backed up with data released last week by ShowingTime. The ShowingTime Showing Index tracks the average number of monthly buyer showings on active residential properties, which is a highly reliable leading indicator of current and future trends for buyer demand. The latest index reveals this December was the most active December in five years (see graph below):

Want Top Dollar for Your House? Now’s the Time To List It. | Simplifying The Market

As the data indicates, buyers are very active this winter. Last December saw even more showings than December of 2020, which was already a stronger-than-usual winter. And remember – you want to sell something when there’s a strong demand for that item. That time is now.

2. Housing Supply Is Extremely Low

Each month, realtor.com releases data on the number of active residential real estate listings (listings currently for sale). Their most recent report reveals the latest monthly number is the lowest we’ve seen in any January since 2017 (see graph below):

Want Top Dollar for Your House? Now’s the Time To List It. | Simplifying The Market

And don’t forget, the best time to sell an item is when there’s a limited supply of it available. This graph clearly shows how extremely low housing supply is today.

Even Though Supply Is at a Historic Low, Home Sales Are at a 15-Year High

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), existing-home sales totaled 6.12 million in 2021 – the highest annual level since 2006. This means the market is hot and homeowners are in a great place to sell now while sales are so strong.

NAR also reports available listings by calculating the current months’ supply of inventory. They explain:

“Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.”

The current 1.8-months’ supply is the lowest ever reported. Here are the December numbers over the last five years (see graph below):

Want Top Dollar for Your House? Now’s the Time To List It. | Simplifying The Market

The ratio of buyers to sellers favors homeowners right now to a greater degree than at any other time in history. Buyer demand is high, and supply is low. That gives sellers like you an incredible opportunity.

Bottom Line

If you agree the best time to sell anything is when demand is high and supply is low, let’s connect to begin discussing the process of listing your house today.


If you need to sell your home in order to buy a new one we have exciting news for you! You can leverage your current homes equity and make an offer on a new home without a contingency using something called a Bridge Loan. We are excited to offer this incredible option to our clients. Please watch the video below to learn more about it.

Feb. 1, 2022

Moving from California to Idaho - a Relocation Story

Boise’s real estate market made all sorts of headlines in 2021, the year that the Iseleys decided to make their move to our area.

With housing prices on the rise, inventory at an all time low and demand for housing at an all time high, the Iseley family was up against quite a lot as they searched for a new home. With certain criteria on the list of needs and wants, the Iseleys requested a house with specific square footage on or near the Boise river all while in a neighborhood that they felt safe allowing their kids to play outside.

Being a Realtor himself, Chris Iseley had high expectations for the local real estate professional, John West, that he hired for the job. With housing prices rising at an incredible rate and barely anything available on the market, Realtor John West made the impossible possible by finding them an ‘off market’ property in the exact neighborhood they wanted.

John was able to negotiate a price that was a win for the Iseley family and by the time they received keys to their new dream home they already had built in equity. Something new homeowners strive for in their buying experience.

With the Boise housing market expected to be the 2nd hottest real estate market in 2022, according to Realtor.com it will benefit you greatly to have an experienced and professional Realtor working on your behalf. Finding off market properties, buying with built in equity, selling with confidence and being relocation specialists are just a few of the tools we have available in our toolbox for our clients.

Looking to relocate to Idaho? Check out our relocation guide by clicking here

How much is your home worth? Find out by clicking here

Start searching for a new home

Check out our Google Reviews!

 

Jan. 18, 2022

January 2022 Real Estate News

 
West Real Estate Group Logo


2022 Real Estate Market Predictions 
 

As we move into 2022, both buyers and sellers are asking me, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? 

While I don't have a crystal ball to know exactly what will happen, we track the market closely both on a national level as well as on a local level, and here are some strong predictions of what we can expect: 
  • Home value appreciation will continue to rise amidst a supply and demand imbalance.
  • Rising rents will outpace home price growth in 2022.
  • First-time home buyers will continue to struggle amidst high prices.
  • We expect the 30-year-fixed mortgage rates to slowly rise from around 3% to around 3.6 by the end of the year.
  • Demand for housing in our local market will remain strong.

What Does This Mean for Buyers?

You should see your options grow as more homes are listed and some of the peak intensity of buyer competition starts to ease. Just remember, rising rates and prices are a great motivator for you to find the home of your dreams sooner rather than later so you can buy while today’s affordability is still in your favor.

What Does This Mean for Sellers?

Make no mistake – this sellers’ market will remain in 2022 as home prices are projected to continue climbing, just at a more moderate pace. Selling your house while buyer demand is so high will truly put you in the driver’s seat. But don’t wait too long. With more listings projected to become available, your ideal window of opportunity to stand out from the crowd won’t last forever. It's important to work with an agent who knows your local market and current inventory conditions to ensure you have the support you need to make an educated and informed decision about selling in the coming year.

Bottom Line

While it's good to be informed about what the real estate market is doing, we believe it's most important to focus on your personal goals first instead of trying to time the market.

Give us a call today at (208) 501-8200 or email us at info@westrealestategroup.com.

You can also schedule an appointment by clicking here. 

At Your Service, 

John West, Real Estate Consultant & Associate Broker at West Real Estate
Market Snapshot
Real Estate News
 
 
BRR Market Report: December 2021 and Year-End Analysis
1. BRR Market Report: December 2021 and Year-End Analysis
When summing up the 2021 Ada County housing market, one could easily argue that this past year brought the most fast-paced market we’ve ever seen...
READ MORE  >
 
Why inflation shouldn't stop you from buying a home in 2022
2. Why Inflation Shouldn't Stop You from Buying a Home in 2022.  
If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs and more.
READ MORE  >
 
Why waiting to sell your house could cost you a small fortune

3. Why Waiting To Sell Your House Could Cost You a Small Fortune
Historically about 40 percent of home sales occur between April and July. However, this year’s expected to be much different than the norm.
READ MORE >

 
There won't be foreclosures in the housing market.

4. There Won't Be a Wave of Foreclosures in the Housing Market 
When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments.
READ MORE >

 
 
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We need your help
Key infographic showing how many families we've served in 2022
Our team has a big goal of helping 200 families with their real estate goals this year. Who do you know that we might be able to help? Fill out the form below.
TELL US, CAN WE HELP YOU OR SOMEONE YOU KNOW?
 
Testimonials
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"John's experience helped us navigate the crazy Boise real estate market with ease.  

We were lucky enough to get work with John, Derek and the team at West Real Estate Group while we were both selling our old home on the Boise Bench and purchasing our new home in North Boise. The team method they have is incredible and ensures that through the trying process of real estate buying/selling we were never left out or felt unsure of our choices. There were weekly check-ins to ensure everyone was on the same page, positive attitudes, and a very realistic knowledge of the market and honesty with us as customers.

-Megan Alton

Nationally Endorsed by Dave Ramsey
5.0 Google Business Review
West Family Adventures Collage
_________________
 
We embraced all the snow that fell during the month of December up at the West Mountain Retreat. From cutting our own Christmas tree in the Boise National Forest, to taking the girls to soak at The Springs, to sledding and warming up next to the fire. We feel so blessed to live in such an amazing place with four complete seasons. During the winter the days are shorter, allowing us to get more rest, and the snow covered landscape of the Idaho mountains brings with it a peaceful silence and beauty.

We hope that you and your family are taking advantage of this season, getting some much needed rest and looking forward to all that 2022 has in store.

- John & Victoria West
 
The West Real Estate Group Team
Thank you for reading our newsletter! 
From top left: CJ WestwoodDaniel WestNicole BrusheyDerek CasselChandra LopezAlex Zayshlyy From bottom left: Marena CrouchVictoria WestJohn WestNelja Westwood
Dec. 16, 2021

December 2021 Real Estate News


What do you think about our NEW logo?


This past fall West Real Estate Group celebrated its 10th anniversary of being in business which has been a true testament to perseverance, dedication, and good old fashion hard work. Did you know that 65% of businesses fail within the first 10 years? That's a pretty staggering statistic!

With this milestone moment, we felt it was the opportune time to give our branding and logo a makeover and to take the business from John's "baby" to John and Victoria's "baby." Transitioning the business from one owner to co-owners has certainly had its ups and downs, especially since the co-owners are husband and wife, but we know that working together on a common goal will help us to achieve unsurmountable success.  We are working harder than ever to provide our clients, our community, and our team members with tremendous value and service. 


We care so much for our clients and those that we get the opportunity to interact with on a daily basis! We believe what sets us apart from our competition is our family-style team and our desire to serve with the heart of a teacher. We want what's best for our clients and work tirelessly to provide that for them. 

This next year we would love your help... We have a lofty goal of serving 200 families with their real estate needs and who better should we align ourselves with but the clients and friends that we already have a relationship with. We owe so much of our success to you who have trusted us, and do not take that trust lightly, so from the bottom of our hearts, THANK YOU! 

If you or someone you know is in search of a new home or is interested in learning how they would go about selling their home, would you please pass our info along to them? 

We would greatly appreciate it. 

Give us a call today at (208) 501-8200 or email us at info@westrealestategroup.com.

You can also schedule an appointment by clicking here


Sending you and yours the warmest wishes this Holiday Season!

Sincerely, 

John and Victoria West

 
Real Estate News
 
 
1. Boise Regional November 2021 Market Report 
In November 2021, the median sales price for newly built homes in Ada County was $601,301— passing the $600,000-mark for the first time. The median sales price for all single-family homes in Ada County was $537,900 in November, a +25.1% increase year over year.
READ MORE  >
 
2. What Everyone Wants to Know: Will Home Prices Decline in 2022?  
The good news is, according to experts, home prices are not projected to decline. Here’s why...
READ MORE  >
 

3. If You Think the Housing Market Will Slow This Winter, Think Again.
Are you waiting and hoping that the prices will be lower this next year? This may end up costing you... 
READ MORE >

 

4. Struggling to Find a Home to Buy? New Construction May Be an Option.
Should you buy an existing home or a new home? Here are some benefits you should consider.
READ MORE >

 

5. How Smart Buyers Are Approaching Rising Mortgage Rates
Experts project rates will continue to rise through 2022. How will this affect you... 
READ MORE >

 
 
 
 
Testimonials

"It's the heart of a teacher, communication, and genuine concern for their clients that make them stand out.

John and his team will take the time to find the right home for you. They are not interested in selling you a building but in helping you find a home.  They also have an excellent system to sell your home.

Beyond that, it’s the heart of a teacher, communication, and genuine concern for their clients that make them stand out. In today’s market, you have many choices, but none as committed, dependable, and dedicated as this team. We appreciate all they have done for us, it is truly a different experience.

-Aric McCullough

Dave Ramsey's Endorsed Local Providers
 
The Zayshlyy family just had a new baby boy!
Please help us in welcoming baby Evan into the world! Our team member Alex is now the proud Dad of three healthy and strong boys. We could not be happier for their beautiful family!
 
This past weekend was our Annual Team Retreat in McCall, Idaho. We spent the weekend with our spouses and team planning for the new year and connecting as a team. We had such an amazing time and left the weekend revitalized. You may notice that Derek's daughter Artemis, is the only child in the photo. She broke her leg a few days before the retreat so she got the special treat of joining us this year!
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?
 
Dec. 16, 2021

November 2021 Real Estate News

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...
READ MORE  >
 
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...
READ MORE >

 
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...
READ MORE >

 
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...
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 >

 
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?
 
Dec. 11, 2021

Real Estate Insights

Real Estate Insights

Two Reasons Why Waiting To Buy a Home Will Cost You
Two Reasons Why Waiting To Buy a Home Will Cost You
If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home.
Read the Full Post
Thank You for Making Me Your Real Estate Advisor
Thank You for Making Me Your Real Estate Advisor
Thank you for your business and partnership for life. Let's connect if you have any questions right now.
Watch the Video
 
Don
Don't Believe Everything You Read: The Truth Many Headlines Overlook
There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise.
Read the Full Post

Thinking of selling?

Download my free eGuide covering the things to consider when selling your house.

Download Now

Thinking of buying?

Download my free eGuide covering the things to consider when buying a home.

Download Now
 
West Real Estate Group
(208) 501-8200
www.WestRealEstateGroup.com
 
Posted in Buying a Home
Nov. 16, 2021

October 2021 Real Estate News

How to buy and sell a home at the same time with John West, West Real Estate Group Associate Broker. Click to watch.

Welcome to the West Real Estate Group monthly newsletter! We're so glad you're here. Each month, we'll bring you the latest in the Greater Boise area real estate news, local area highlights, featured listings, events, local promotions and more!

As proud Boise residents, we're thrilled to share our expertise and love for the area. We work tirelessly to bring you the very best opportunities in buying and selling. We won't rest until you find the home and community that's right for you. 

Interested in buying or selling your home? Give us a call at 208-501-8200 or book an appointment with us
here to see how we can help. 

We look forward to helping you find the home that enriches your life. 

Sincerely, 

Victoria & John West
 
CALL US AT 208-501-8200 
SEND US A MESSAGE >
 
Real Estate News
 
Boise Regional September 2021 Market Report 
Competition for homes has been fierce for nearly a year, and as market times fell, more buyers were willing to pay over list price...
Read More  >
 
The Main Key to Understanding the Rise in Mortgage Rates 
Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as...
Read More >
 
Two Reasons Why Waiting a Year to Buy Could Cost You 
To determine if you should buy now or wait, you need to ask yourself two simple questions...
Read More >
 
Reasons You Should Consider Selling This Fall 
If you’re trying to decide when to sell your house, there may not be a better time to list than right now...
Read More >
 
Search Homes by Lifestyle
 
Luxury Homes
Acreage Homes
Homes with a Shop
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55+ Homes & Communities
Homes with RV Parking
New Homes & Developments
 
How much is your home worth? Get instant property value now!
 
Testimonials
 

"AMAZING! John West and the West Real Estate Group team once again exceeded our expectations. Selling a home can be a huge task, but after sitting down with John and having him walk us thru our potential home sale scenarios it made so much sense and eased our concerns. John had a professional approach to fair market pricing as well as advertising. Needless to say, West Real Estate Group sold our house in just two days and the process went seamlessly."

 

-Jay Verly

200+ 5 star google reviews. Read even more reviews on google.
 
 
West Adventures - Meet the West family and get to know the area!
Hi there! Victoria West here (Director of Operations). It's so nice to e-meet you!

As a native Idahoan I’m thrilled to share my favorite things about the greater Boise area - especially during fall! With so much to offer, everyone can find their favorite way to soak in the changing leaves and cooler weather. Check out Totally Boise's Fall Guide to Boise to find fall fun for everyone. 


This time of year I love taking hikes in the Treasure Valley as a family, enjoying the last little bit of the boating season and being outdoors as much as possible. And of course, it wouldn't be fall without a visit to the Lowe's Family Farmstead

Boise is my home and where I grew up. I'm so excited to share my favorite tips and tricks for getting the most out of the region each month. I'll also share some fun family photos along the way. 

John and I put our whole hearts into this business. We love where we live. We're so happy to highlight the place we call home.

Please reach out if you have any questions about the area. We're here to help!

-Victoria West

Victoria lives in Meridian with her husband John and three daughters, Annaliese (L), Ophelia (M) and Sophia (R) - top photo
 
Employee Spotlight
Welcome to the West Real Estate Group Family, Macey Mclaughlin!
Macey McLaughlin, Client Care Coordinator West Real Estate Group


Macey is our new Client Care Coordinator, acting as the first point of contact for our new prospective clients. She will ensure that their needs are met and exceeded as they begin the process of buying or selling a home through West Real Estate Group. 

Our current Client Care Coordinator Marena Crouch, will be transiting into a new role and is still a big part of the West Real Estate Group family. 
 
West Real Estate Group
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Aug. 26, 2021

Thank You for Attending Our 6th Annual Client and Friends Event!

Thank you for Attending!

Thank you to those that were able to attend our 6th Annual Client and Friends Appreciation Party at Zoo Boise! This year we had over 500 RSVP's for this event. Thank you so much for those that came out to make the evening a special one. For all of those that weren't able to come this year, be on the lookout for the invite next year to make sure you don't miss out on this special evening event. We love to put on this event each year as a small way to say thank you for your continued trust in us and for the referrals you continue to send our way. 

Now a huge congratulations to Kezia McNab, for winning the photo contest!

Photo Contest Winner

 

Photos of the Event!

 

July 28, 2021

6th Annual Client and Friends Appreciation Party at Zoo Boise (August 2021)

Join Us for an Evening at Zoo Boise as Our Guest!

Event Details:
When: Friday, August 20th, 5:30pm to 9:00pm
Where: Zoo Boise, located at 355 Julia Davis Dr. Boise, ID 83702

Conservation Cruise • Zoo Farm Feeding • Butterflies in Bloom
Temporary Tattoos 
• Carousel • Food and Drinks Provided • Photo Contest

Event Description:

You are invited to join us as our guest, at our 6th Annual Client and Friends Appreciation Party at Zoo Boise! We are so excited to host this event this year to connect with our clients and friends and say thank you for allowing us to serve your Real Estate needs. 

Please join us for an evening of fun. We look forward to seeing you there!

P.S. If you have been thinking of buying or selling a home, our current market conditions have just shifted and created a window of opportunity that won't last long. Call us to learn more (208) 501-8200.

Registration for this event is now closed. Please contact our team with any questions at 208-501-8200

 

We believe that buying and selling real estate should be less complicated and more enjoyable. We are a group of people who are obsessed with educating, empowering, and helping people obtain the American dream of homeownership.

West Real Estate Group

Photos of the Previous Event!

Aug. 4, 2020

Q: What is the Status with Our 2020 Zoo Boise Event?

Here’s an update on one of our favorite functions of the year. 

 

Buying a home? Click here to start your new home search
Selling a home? Click here for an INSTANT Home Value Check 
Call us at (208) 501-8200 for a FREE home buying or selling consultation

 

As many of you know, our Client and Friends Appreciation Party at Zoo Boise has become an annual tradition. Unfortunately, due to COVID, the zoo is only allowing 50 people in after hours, including their employees. We could try to downsize the event significantly, but since nearly 400 people joined us last year, that option is neither feasible nor fun. Please know that we cherish hosting this event, as it gives us a chance to celebrate those around us who make the West Real Estate Group’s success possible.