Boise Real Estate Information and News

You’ll find our blog to be a wealth of information, covering everything from local market statistics, new home listings,  home values, real estate market happenings  home design, and community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

May 25, 2020

10 Steps to Buying a Home [INFOGRAPHIC]

10 Steps to Buying a Home [INFOGRAPHIC] | MyKCM

Some Highlights:

  • If you’re thinking of buying a home and you’re not sure where to start, you’re not alone.
  • Here’s a guide with 10 simple steps to follow in the homebuying process.
  • Be sure to work with a trusted real estate professional to find out the specifics of what to do in your local area.
May 22, 2020

2 Amazing New Listings in SE Boise!!

Take a guided virtual tour of these brand-new listings today! If you're looking for a top Boise realtor, our team is here for you!

 

2635 E Parkriver Dr. | Southeast Boise (bottom right, bottom left, middle left)
Dreaming of a home just steps from the Boise River Greenbelt & short walk to restaurants in a mature, pristine, SE Boise neighborhood? Now's your chance! This spacious, tastefully updated home in coveted Wood Duck Island has it all! So many living spaces to fit your needs-Family rm, lvg rm & bonus rm! New roof & skylights grace soaring ceilings. Wet bar w/wine fridge, ice maker & 2nd dshwshr add to gleaming chef's kitchen. Main-lvl mstr has spa-like bath w/heated tile, dual-head walk-in shwr & lrg walk-in closet.

5 bedroom  |  2.5 bath  |  30321 sq.ft. 

>> Click HERE for more property info

 

6001 S Teak Way | Southeast Boise (top left, top right)
Beautifully updated home in East Boise! Open floorplan features vaulted ceilings, abundant light & cozy family room fireplace. Enjoy cooking in the bright, eat-in kitchen w/ walkout to backyard patio & custom pergola–perfect for summer entertaining. Private master offers ensuite w/ dual vanities & walk-in closet. New light fixtures, paint, counters, water heater & newer carpet, HVAC & 1-yr-old roof. Community amenities include walking/biking paths, clubhouse, pools & fitness center! Zoned for great schools.

3 bedroom  |  2.5 bath  |  1539 sq.ft. 

>> Click HERE for more property info

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May 18, 2020

How Much “Housing Wealth” Can You Build in a Decade?

How Much “Housing Wealth” Can You Build in a Decade? | MyKCM

Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership.

Below are three graphs depicting the most important data revealed in the study.

How much have home prices increased?

One of the first measures of the financial benefits of homeownership is the net worth (in the form of equity) an owner can build over time. The study showed the average increase in home values based on how long homeowners stayed in a home.
How Much “Housing Wealth” Can You Build in a Decade? | MyKCM

What was the percentage of appreciation?

Another way to look at this is by the percentage increase in value over time, called appreciation:How Much “Housing Wealth” Can You Build in a Decade? | MyKCM

Was this appreciation consistent throughout the country?

Today, when we think of markets that have done well over the last decade, we have a tendency to think about San Francisco, San Diego, Seattle, and other West Coast cities. Though it is true the West Region showed the highest price growth over the last three decades, we can see how every region of the country did quite well in ten-year increments:How Much “Housing Wealth” Can You Build in a Decade? | MyKCMThis data validates the claim that homeownership is great for building wealth. The importance of this information was highlighted in the study’s first sentence:

“Homeownership is an important source of wealth creation, enabling current homeowners and succeeding generations to move up the economic ladder.”

Bottom Line

Homeownership has many financial and non-financial benefits. The accumulation of “housing wealth” through increased equity is a major one. If you’re thinking of buying a home for the first time or moving up to your dream home, the sooner you make the move, the sooner your net worth will begin to grow.

May 13, 2020

Ranked: The 10 US Cities Best Positioned To Recover From Coronavirus (And The 10 Worst)

As the world around us continues to shift, it's hard not to wonder how cities will recover post-pandemic. Forbes has published a new article projecting how well cities are expected to bounce back based on the report issued by Moody's Analytics.⁣

The article "𝘙𝘢𝘯𝘬𝘦𝘥: 𝘛𝘩𝘦 𝟷𝟶 𝘜𝘚 𝘊𝘪𝘵𝘪𝘦𝘴 𝘉𝘦𝘴𝘵 𝘗𝘰𝘴𝘪𝘵𝘪𝘰𝘯𝘦𝘥 𝘛𝘰 𝘙𝘦𝘤𝘰𝘷𝘦𝘳 𝘍𝘳𝘰𝘮 𝘊𝘰𝘳𝘰𝘯𝘢𝘷𝘪𝘳𝘶𝘴 (𝘈𝘯𝘥 𝘛𝘩𝘦 𝟷𝟶 𝘞𝘰𝘳𝘴𝘵)" lists cities that are well-positioned to quickly recover and those that are likely to struggle based on data points that compare population density, workforce quality, educational attainment and others.⁣

It may come as no surprise that Boise made the list for 𝐓𝐨𝐩 𝟏𝟎: 𝐂𝐢𝐭𝐢𝐞𝐬 𝐁𝐞𝐬𝐭-𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐞𝐝 𝐭𝐨 𝐑𝐞𝐜𝐨𝐯𝐞𝐫 𝐅𝐫𝐨𝐦 𝐂𝐨𝐫𝐨𝐧𝐚𝐯𝐢𝐫𝐮𝐬. Read the article to find out why here.

May 11, 2020

Rise to the Top of the Pool by Selling Your House Today

Rise to the Top of the Pool by Selling Your House Today | MyKCM

With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers.

Lawrence Yun, Chief Economist at NAR, noted: 

“The housing market faced an inventory shortage before the pandemic. Given that there are even fewer new listings during the pandemic, home sellers are taking a calm approach and appear unwilling to lower prices to attract buyers during the temporary disruptions to the economy.”

This inventory shortage, which spread widely throughout the housing market going into today’s economic slowdown, created an environment where there were not enough homes for sale for those who wanted to buy them. With that backdrop setting the stage, Yun also notes:

“With the current quarantine recommendations in place, fewer sellers are listing homes, which will limit buyer choices.” 

So, with buyer choices already limited going into this season, and more sellers removing listings today, if you’ve been thinking about listing your house, it’s a great time to do so. Many others in your neighborhood may be waiting to make a move or removing their listings, so staying on the market – or jumping into it – could work to your advantage.

Buyers today are serious ones, and with prices holding steady in this low-inventory market, you can feel confident about selling today. Embracing the process virtually, where available, could help your house hit the top of an eager buyer’s list. While your neighbors miss out on this opportunistic time, you don’t have to.

Bottom Line

If buyer choices are limited in your neighborhood, selling now may help your listing rise to the top of the pool. Let’s connect today to make sure you have the expert help you need to succeed in the selling process.

May 7, 2020

New Listing Has Incredible Views in NE Boise!!

 

Take a guided virtual tour of this brand-new listing today! If you're looking for a top Boise realtor, our team is here for you! 

 

2972 E Starview Dr. | Northeast Boise - Warm Springs Mesa

Gorgeous views from walls of windows & decks are the star of this solar powered single level w/ daylight walk out basement. Beautiful light-filled home is warmed by vaulted beamed ceilings & mid-century styled fireplace. Master suite features soaring ceilings, tiled walk in shower, huge closet & private deck. Entertain family & friends in your lrg bonus/rec rm complete w/ built-in bar & cozy wood stove. Outdoors find plenty of room for dining, relaxing, gardening.

4 bedroom  |  3 bath  |  3020 sq.ft.

>> Click HERE for more property info

 

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May 4, 2020

Today’s Expert Insight on the Housing Market [INFOGRAPHIC]

Today’s Expert Insight on the Housing Market [INFOGRAPHIC] | MyKCM

 

Some Highlights

  • According to Lawrence Yun, Chief Economist at NAR, home prices are forecasted to rise.
  • Results from the Existing Home Sales Report note that home sales declined in March due to the coronavirus, but prices are still strong.
  • Let’s connect so you can better understand your home’s value today.
May 2, 2020

3 Incredible New Listings in East Boise!!

Take a guided virtual tour of these brand-new listings today! If you're looking for a top Boise realtor, our team is here for you! 

 

2412 S Trapper Pl. | Northeast Boise (bottom right, top right)
Enjoy luxury living at its finest in one of Boise's most prestigious new neighborhoods, Harris North. Nestled in the NE Boise foothills, w/striking unobstructed views of the rolling landscape, this exceptionally designed home has all the bells & whistles, w/no detail overlooked. Better than new, w/over $275k in upgrades! This immaculately kept, single-level stunner on larger lot, is move-in ready, allowing more time to explore all Boise has to offer. Open flrplan boasts soaring ceilings & tile throughout.

3 bedroom  |  2.5 bath  |  3001 sq.ft. 

>> Click HERE for more property info

 

5426 S Pegasus Way | Southeast Boise (bottom left, middle left)
Love modern technology? This immaculate home features thousands in the latest advances: state-of-the-art motion camera & security system, automated lights & blinds, home theater w/105" screen, surround sound, remote access HVAC & more. Over-sized great room has soaring ceilings & lrg windows flooding the home w/ natural light. Bright kitchen boasts high-end appls & leathered granite ctrs. Main lvl mstr has foothills views, ensuite w/ jetted tub & his/hers closets. Pristine yard has garden space & hot tub.

4 bedroom  |  3 bath  |  3266 sq.ft. 

>> Click HERE for more property info

 

3857 S Eckert Rd. | Northeast Boise (top left)
Open your front door to Boise's beloved greenbelt! Enjoy the E. Boise lifestyle in this stylish, xeriscaped, low-maint. home. Steps away from Boise River's walking, biking, fly-fishing & more. Barber Park, Marianne Williams & proposed future parks enhance the area w/local restaurants just mins away! Or dine on the private patio after preparing a delicious meal in the modern kitchen w/ hi-end appls & tumbled granite ctrs. End the day at an inviting fireplace, tech room, bonus TV room, or main level master. 

3 bedroom  |  2.5 bath  |  2507 sq.ft. 

>> Click HERE for more property info

April 27, 2020

Keys to Selling Your House Virtually

Keys to Selling Your House Virtually | MyKCM

In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is, if you need to sell your house now, what virtual practices should you use to make sure you, your family, and potential buyers stay safe in the process?

In today’s rapidly changing market, it’s more important than ever to make sure you have a digital game plan and an effective online marketing strategy when selling your house. One of the ways your agent can help with this is to make sure your listing photos and virtual tours stand out from the crowd, truly giving buyers a detailed and thorough view of your home.

So, if you’re ready to move forward, virtual practices may help you win big when you’re ready to sell. While abiding by state and local regulations is a top priority, a real estate agent can help make your sale happen. Agents know exactly what today’s buyers need, and how to put the necessary digital steps in place. For example, according to the same survey, when asked to select what technology would be most helpful when deciding on a new home, here’s what today’s homebuyers said, in order of preference:

  • Virtual tour of the home
  • Accurate and detailed listing information
  • Detailed neighborhood information
  • High-quality listing photos
  • Agent-led video chat

After leveraging technology, if you have serious buyers who still want to see your house in person, keep in mind that according to the National Association of Realtors(NAR), there are ways to proceed safely. Here are a few of the guidelines, understanding that the top priority should always be to obey state and local restrictions first:

  • Limit in-person activity
  • Require guests to wash their hands or use an alcohol-based sanitizer
  • Remove shoes or cover with booties
  • Follow CDC guidance on social distancing and wearing face coverings

Getting comfortable with your agent – a true trusted advisor – taking these steps under the new safety standards might be your best plan. This is especially important if you’re in a position where you need to sell your house sooner rather than later.

Nate Johnson, CMO at realtor.com ® notes:

"As real estate agents and consumers seek out ways to safely complete these transactions, we believe that technology will become an even more imperative part of how we search for, buy and sell homes moving forward."

It sounds like some of these new practices might be here to stay.

Bottom Line

In a new era of life, things are shifting quickly, and virtual strategies for sellers may be a great option. Opening your doors up to digital approaches may be game-changing when it comes to selling your house. Let’s connect so you have a trusted real estate professional to help you safely and effectively navigate through all that’s new when it comes to making your next move.

April 24, 2020

New Listing - East Boise Paradise!!

Take a guided virtual tour of these brand-new listing today! If you're looking for a top Boise realtor, our team is here for you! 

6624 E Escarpment Ct. | Southeast Boise
Gorgeous private oasis is a dream home w/ stunning Canyon & Foothills views! Expansive, custom-built, single-level offers indoor-outdoor luxury living w/ 1500 sqft covered patio on nearly a half-acre exclusive lot next to River. The grand entry draws you in to the voluminous open layout made for entertaining w/ dramatic ceilings & huge windows that flood the home w/ abundant light. Retreat to your large master suite featuring walkout to patio. Two flex rooms offer functional versatility. One-of-a-Kind home!

3 bedroom  |  2.5 bath  |  3433 sq.ft. 
>> Click HERE for more property info

Don't miss out on our latest property info and Boise happenings! Subscribe to our weekly newsletter today!

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