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!

July 17, 2018

The #1 Reason to List Your House for Sale NOW!

The #1 Reason to List Your House for Sale NOW! | MyKCM

 

If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes for Sale

The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory:

“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand. 

That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”

The latest Existing Home Sales Report shows that there is currently a 4.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 6.1% lower than last year’s inventory level.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

The #1 Reason to List Your House for Sale NOW! | MyKCM

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Let’s get together to discuss the supply conditions in our neighborhood so that I can assist you in gaining access to the buyers who are ready, willing, and able to buy right now!

 

July 13, 2018

Open House Tour – 5 Open This Weekend!

OPEN SATURDAY, JULY 14 | 1:00 – 3:00 PM

8579 SNOHOMISH ST

BRIDGEVIEW SUBDIVISION, BOISE SW-MERIDIAN

Spacious, two-story home in a great location! Quiet, family-friendly neighborhood with a community playground and excellent schools nearby. Main level features a large great room that doubles as a formal dining space leading to the open kitchen and family room. Generous upper level bonus room creates a perfect entertaining space! Huge master suite with an equally sizable walk-in closet. Fully fenced backyard with dog run and gardening space. Three-car garage, RV parking and abundant storage throughout the home. Details here: https://www.templetonrealestategroup.com/search/details/1rh/1/

 

*****

 

OPEN SATURDAY, JULY 14 | 1:00 – 3:00 PM

6325 E GATEWAY COURT

SURPRISE VALLEY, SE BOISE

Beautiful two-story home in Surprise Valley! Wonderful floor plan is open and bright with plenty of room for entertaining both inside and out. The stunning interior features soaring ceilings in the great room, warm toned hardwood, a large formal dining room, generous family room, a timeless gas fireplace with built-ins, spacious kitchen with breakfast bar and a dining nook with a peaceful outdoor view. Private backyard oasis with mature landscaping, custom pergola, extended patio and no backyard neighbors! Enjoy the community clubhouse, two pools, tennis and quick access to downtown Boise. This home offers quick access to hiking, boating, biking, I-84, airport, schools and shopping. Details here: https://www.templetonrealestategroup.com/search/details/1nd/1/

 

*****

 

OPEN SUNDAY, JULY 15 | 1:00 – 3:00 PM

5729 E FELLY RIM

COLUMBIA VILLAGE, SE BOISE

***FIRST 10 VISITORS WIN A $10 COFFEE MILL GIFT CARD!***

Pristine, custom-built single level with a gardener’s dream backyard! Amazing outdoor space devoted to gardening with custom growing boxes and direct watering system. Enjoy an expansive patio with a lovely pergola overhead shaded by beautiful grapevines. The immaculate interior boasts engineered hickory hardwood from the entryway to the generous family room, open dining space and gourmet kitchen. Timeless finishes and impressive craftsmanship throughout! Abundant windows fill the home with soft natural light. Details here: https://www.templetonrealestategroup.com/search/details/1ri/1/

 

Tour this Home:

 *****

 

OPEN SUNDAY, JULY 15 | 1:00 – 3:00 PM

1619 S DIVISION AVENUE

BOISE (NEAR BSU, GREENBELT, DOWNTOWN)

***PRIZE GIVEAWAY!***

Outstanding location minutes to BSU, greenbelt, and has NO HOA dues! Contemporary fixtures and finishes, high ceilings, a cozy gas fireplace and a low-maintenance, fully fenced backyard with covered patio. Rare two-car garage and large main-level utility room with W/D included. Spacious kitchen with a generous granite island/breakfast bar, abundant cabinet space and rich hardwood flooring. Walk or bike to the greenbelt and Boise River, tons of nearby restaurants, entertainment and a dream location for BSU students! Details here: https://www.templetonrealestategroup.com/search/details/1rj/4/

 

 *****

 

OPEN SUNDAY, JULY 15 | 1:00 – 3:00 PM

3418 S NORTH CHURCH

SOUTH EAST BOISE (CENTRAL EAST BOISE LOCATION)

Beautifully updated family home in the heart of East Boise! Enjoy a spacious yard w/ RV parking, raised garden area, extended patio and NO HOA FEES! Fabulous interior features large open spaces great for comfortable living and entertaining. Enjoy rich hardwood, contemporary fixtures and tons of natural light. The open kitchen is complete w/ stylish quartz counter tops, sleek tile back splash, SS appliances and abundant cabinet space. Master bedroom features walk-in shower, soaker tub, dual vanities walk-in closet.

 *****

All of our East Boise homes have easy access to the Boise Foothills, the Boise River and GreenbeltBarber Park and Marianne Williams Park.  In addition, residents enjoy Boise’s acclaimed Shakespeare Festival, concerts and events at the Botanical Gardens, the Coffee Mill, great neighborhood restaurants like the Tavern at Bown Crossing, Boise Fry Company, Flatbread,  Lucky 13, and the new Library in Bown Crossing.

We hope to see you Saturday and Sunday, but if you can’t make one of our Open Houses, please call our office – 208.473.2203 to arrange for a private tour. One of our agents will be happy to show at your convenience! And, if we can help with your real estate needs – whether buying or selling – call or visit our website at www.templetonrealestategroup.com

By Bonnie Way Snider, Licensed Realtor® and Blogger

 

 

 

 

 

 

July 10, 2018

3 Issues Facing Today’s Real Estate Market

3 Issues Facing Today’s Real Estate Market | MyKCM

 

Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior Vice President of Equus Capital Partners. 

The Counselors of Real Estate (CRE) “is an international organization of high profile property professionals which include principals of prominent real estate, financial, legal, and accounting firms as well as recognized leaders of government and academia.” 

Their annual “top 10” list spans any and all issues that could have an impact on the real estate market. This year, the list was broken up into “Current” and “Long-Term Issues.”

Today we’re going to focus on three of the five “Current” issues with a brief explanation of their impacts on the housing market today!

E-Commerce & Logistics

With promises of 2-day shipping no matter where you live, we are benefiting more now than ever before from the speed and ease-of-use of online retailers like Amazon. These e-retailers haven’t changed whether or not we buy certain items, but rather HOW we buy them!

Many traditional malls or big-box stores are being repurposed as warehouses or distribution centers for online retailers so that they can get their products out faster.

A Look to the Future: “Developers who are including experiences into their locations are the ones who will succeed. It’s about the experience and gaining something over just going to buy a product.”

Generational Change & Demographics

By now we’ve all heard that the millennial generation is the largest yet, just by sheer volume. The largest group of millennials turns 30 years-old in 2020. The average first-time homebuying age is between 30 and 32, depending on marital status. Real estate professionals will be inundated with more and more buyers as the years roll on. Nahas commented on this in his presentation, saying that,

“Too many developers have become dependent on making decisions based on baby boomer’s preferences.

The 75 million millennials are coming, and they will influence real estate and commerce even faster than the baby boomers in the 50s and 60s.”

Interest Rates & the Economy

The interest rate that you secure for your mortgage is a big factor in your monthly housing cost and in how much you ultimately pay for your home. According to Freddie Mac’s Primary Mortgage Market Survey, rates rose to 4.62% on a 30-year fixed rate loan last week.

The Federal Reserve also raised the federal funds rate for the second time this year. If unemployment continues to be at or near record lows, two more hikes are likely to come later this year.

Nahas added,

“Rising rates can be good and bad for the economy. Bad for borrowing money with additional costs, but good to control inflation and help grow the economy at a moderate pace.”

Bottom Line

If you are planning on buying and/or selling a home this year, let’s get together to help you navigate the conditions in your market and set you up for success.

 

Posted in Market Updates, News
July 3, 2018

How a Lack of Inventory Impact the Housing Market

How A Lack of Inventory Impacts the Housing Market | MyKCM

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. Buyer demand naturally increases during the summer months, but supply is not keeping up.

Here are the thoughts of a few industry experts on the subject:

Lawrence Yun, Chief Economist at National Association of Realtors

“The worsening inventory crunch through the first three months of the year inflicted even more upward pressure on home prices in a majority of markets. Following the same trend over the last couple of years, a strengthening job market and income gains are not being met by meaningful sales gains because of unrelenting supply and affordability headwinds.”

Sam Khater, Chief Economist for Freddie Mac

“As we head into late spring, the demand for purchase credit remains rock solid, which should set us up for another robust summer home sales season. While this year’s high rates – up 50 basic points from a year ago – have put pressure on the budgets of some home shoppers, weak inventory levels are what’s keeping the housing market from a stronger sales pace.”

Javier Vivas, Director of Economic Research for Realtor.com

“The dynamics of increased competition and buyer frustration are unlikely to change…In fact, the direction of the trend is pointing to a growing mismatch between the pool of prospective buyers and existing inventory.”

Bottom Line

If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.

June 29, 2018

Two Stunning View Homes Just Listed

 

 

River Heights!

One of a kind setting in sought after River Heights! This stunning view home offers 3 bedrooms, dedicated office, and additional bonus room which could also be a 4th bedroom. Main level great room offers dramatic and soaring wall of windows to take in the picturesque view of the foothills. Modern kitchen with stylish finishes, large pantry and dining space situated to enjoy the view. Wake to a gorgeous natural setting from your private main level master suite with large walk in closet. Covered patio and large lot, backs up to foothills. The family friendly community has a pool, fitness center and an event center! Access to some of Boise's best schools! Ten minutes to boating, Micron, airport, and fifteen minutes to downtown. This one’s a must see!!

Click on address link for more info:

6618 E SIGNAL ROCK DR.
RIVER HEIGHTS
OPEN SUNDAY, JULY 1st | 1:00 - 3:00 pm

 

 

Take a Tour:

6618 Signal Rock Drive-Boise, ID from 360Idaho on Vimeo.

 

 

 

*******

QUAIL RIDGE!

Situated to fully enjoy the spectacular foothills view, this immaculate residence offers luxury living in pristine Quail Ridge community. Perfect for indoor and outdoor entertaining tucked away in an incredible natural setting. Grand entryway and generous great room built to enjoy the spectacular surroundings with a floor-to-ceiling wall of windows. Custom craftsmanship featuring remarkable woodwork throughout. Secluded main-level master suite with cozy gas fireplace, luxurious spa-like bath & patio access.

The location provides quick access to foothills trails, outdoor recreation, community pool and tennis court. Short distance to North End attractions and located within Boise High boundaries.

Click on address link for more info:

3748 W QUAIL HOLLOW
QUAIL RIDGE
OPEN SUNDAY, JULY 1st | 1:00 - 3:00 pm

 

  

Take a Tour:

We hope to see you Sunday, but if you can’t make the Open House, call our office – 208.473.2203 to arrange for a private tour. One of our agents will be happy to show at your convenience! And, if we can help with your real estate needs – whether buying or selling – call or visit our website at www.templetonrealestategroup.com

By Bonnie Way Snider, Licensed Realtor® and Blogger

 

June 26, 2018

Top 5 Reasons You Shouldn’t Sell FSBO

Top 5 Reasons You Shouldn’t FSBO | MyKCM

 

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. Exposure to Prospective Buyers

According to the 2017 Profile of Home Buyers and Sellers from NAR, last year 95% of buyers search online for a home. That is in comparison to only 15% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet

Where did buyers find the home they actually purchased?

  • 49% on the internet
  • 31% from a Real Estate Agent
  • 7% from a yard sign
  • 1% from newspapers

The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

3. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale by Owner:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The appraiser if there is a question of value

4. FSBOing Has Become More And More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.

5. You Net More Money When Using an Agent

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

study by Collateral Analytics revealed that FSBOs don’t actually save anything, and in some cases, may be costing themselves more, by not listing with an agent. One of the main reasons for the price difference at the time of sale is:

“Properties listed with a broker that is a member of the local MLS will be listed online with all other participating broker websites, marketing the home to a much larger buyer population. And those MLS properties generally offer compensation to agents who represent buyers, incentivizing them to show and sell the property and again potentially enlarging the buyer pool.”

If more buyers see a home, the greater the chances are that there could be a bidding war for the property. The study showed that the difference in price between comparable homes of size and location is currently at an average of 6% this year.

Why would you choose to list on your own and manage the entire transaction when you can hire an agent and not have to pay anything more?

Bottom Line

Before you decide to take on the challenges of selling your house on your own, let’s get together to discuss your needs.

 

June 22, 2018

New Surprise Valley Listing | Two East Boise Open Sunday 1-3 pm!

Surprise Valley!

Beautiful two-story home in Surprise Valley! Wonderful floor plan is open and bright with plenty of room for entertaining both inside and out. The stunning interior features soaring ceilings in the great room, warm toned hardwood, a large formal dining room, generous family room, a timeless gas fireplace with built-ins, spacious kitchen with breakfast bar and a dining nook with a peaceful outdoor view. Private backyard oasis with mature landscaping, custom pergola, extended patio and no backyard neighbors! Enjoy the community clubhouse, two pools, tennis and quick access to downtown Boise. This home offers quick access to hiking, boating, biking, I-84, airport, schools and shopping.

Click on address link for more info:

6325 E GATEWAY COURT

SURPRISE VALLEY

OPEN SUNDAY, JUNE 24 | 1:00 - 3:00 pm

 

 

 

*****

  

Warm Springs Mesa!

Beautifully updated spacious home in the well-established Warm Springs Mesa! Great corner lot with a lush fully-fenced yard, RV parking, oversized 2-car garage, pergola, custom deck and flagstone patio. Fully updated master suite with travertine countertops, dual vanity, tile flooring and large walk-in shower. Beautiful details throughout include custom wainscoting, columns, high ceilings and plantation shutters. Daylight basement features a second laundry room with rustic flare and the perfect theater/game room. ! Located in the Northeast Foothills of Boise, this area offers some of the best views of the Boise River and city below as well as direct access to foothills hiking and biking trails.

Click on address link for more info:

 3061 E STONE POINT DRIVE

WARM SPRINGS MESA

OPEN SUNDAY, JUNE 24 | 1:00 - 3:00 pm

 


 

Both East Boise homes have easy access to the Boise Foothills, the Boise River and GreenbeltBarber Park and Marianne Williams Park.  In addition, residents enjoy Boise’s acclaimed Shakespeare Festival, concerts and events at the Botanical Gardens, the Coffee Mill, great neighborhood restaurants like Lucky 13, and the new Library in Bown Crossing.

We hope to see you Sunday, but if you can’t make the Open House, call our office – 208.473.2203 to arrange for a private tour. One of our agents will be happy to show at your convenience! And, if we can help with your real estate needs – whether buying or selling – call or visit our website at www.templetonrealestategroup.com

By Bonnie Way Snider, Licensed Realtor® and Blogger

 

 

 

 

June 22, 2018

New in Surprise Valley | Two East Boise Open Sunday 1-3 pm!

Surprise Valley!

Beautiful two-story home in Surprise Valley! Wonderful floor plan is open and bright with plenty of room for entertaining both inside and out. The stunning interior features soaring ceilings in the great room, warm toned hardwood, a large formal dining room, generous family room, a timeless gas fireplace with built-ins, spacious kitchen with breakfast bar and a dining nook with a peaceful outdoor view. Private backyard oasis with mature landscaping, custom pergola, extended patio and no backyard neighbors! Enjoy the community clubhouse, two pools, tennis and quick access to downtown Boise. This home offers quick access to hiking, boating, biking, I-84, airport, schools and shopping.

Click on address link for more info:

6325 E GATEWAY COURT

SURPRISE VALLEY

OPEN SUNDAY, JUNE 24 | 1:00 - 3:00 pm

 

 

 

*****

  

Warm Springs Mesa!

Beautifully updated spacious home in the well-established Warm Springs Mesa! Great corner lot with a lush fully-fenced yard, RV parking, oversized 2-car garage, pergola, custom deck and flagstone patio. Fully updated master suite with travertine countertops, dual vanity, tile flooring and large walk-in shower. Beautiful details throughout include custom wainscoting, columns, high ceilings and plantation shutters. Daylight basement features a second laundry room with rustic flare and the perfect theater/game room. ! Located in the Northeast Foothills of Boise, this area offers some of the best views of the Boise River and city below as well as direct access to foothills hiking and biking trails.

Click on address link for more info:

 3061 E STONE POINT DRIVE

WARM SPRINGS MESA

OPEN SUNDAY, JUNE 24 | 1:00 - 3:00 pm

 


 

Both East Boise homes have easy access to the Boise Foothills, the Boise River and GreenbeltBarber Park and Marianne Williams Park.  In addition, residents enjoy Boise’s acclaimed Shakespeare Festival, concerts and events at the Botanical Gardens, the Coffee Mill, great neighborhood restaurants like Lucky 13, and the new Library in Bown Crossing.

We hope to see you Sunday, but if you can’t make the Open House, call our office – 208.473.2203 to arrange for a private tour. One of our agents will be happy to show at your convenience! And, if we can help with your real estate needs – whether buying or selling – call or visit our website at www.templetonrealestategroup.com

By Bonnie Way Snider, Licensed Realtor® and Blogger

 

 

 

 

June 19, 2018

The Cost of Renting vs. Buying

The Cost of Renting vs. Buying [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Historically, the choice between renting or buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!
Posted in Buying a home
June 15, 2018

New Listing in Sequoia Ridge!

 

Spacious and ready to entertain in a quiet community close to
golf course, schools and supermarket!

Wonderful move-in-ready two-story home in Sequoia Ridge! Plenty of room for entertaining with a spacious family room, large multi-use bonus room, generous fully-fenced backyard and a 4-car garage. The interior is beautiful and bright with a desirable color palette, high ceilings and great natural light. Master suite includes a walk-in closet and stand alone shower. Fabulous location in the Lake Hazel School district within walking distance to local schools & parks. Enjoy nearby shopping, dining, golfing and more!

Click address for link to more info:

11586 W SIX RIVERS CT

SEQUOIA RIDGE

 

 

If you’d like to view this wonderful home, please call our office – 208.473.2203 to arrange for a private tour. One of our agents will be happy to show at your convenience! And, if we can help with your real estate needs – whether buying or selling – call or visit our website at www.templetonrealestategroup.com

By Bonnie Way Snider, Licensed Realtor® and Blogger