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!

Nov. 30, 2021

Top 10 Restaurants in Downtown Boise

Boise’s downtown restaurant scene has flourished over the past few years with refreshing newcomers as well as long-standing community icons. Whether you’re looking for your next date night dinner or somewhere tasty for a lunch on the town, you’ll see the top culinary spots on this list. From Italian to American, steak and seafood to pasta and vegan, you’ll find what you’re looking for in Downtown Boise!

 

 

Chandlers Steakhouse

Established in 2007 by award-winning restaurateur Rex Chandler, Chandlers is an award-winning upscale dining establishment located in downtown Boise’s Hotel 43. Specializing in fine seafood, which is flown in from Hawaii and Alaska, plus prime steaks, the menu also features fresh ingredients procured from local sources. Guests can savor a host of exquisite fare created by Executive Chef Luis Flores, including steamed mussels in a white wine, green curry, and ginger sauce; the French classic seafood stew, bouillabaisse; and the juicy Kobe rib eye. With impeccable service, an extensive award-winning wine list with over 650 choices, all complemented by nightly jazz music, dining at Chandlers is a culinary experience not to be missed.

Barbacoa Grill

A haven for meat lovers, Barbacoa is a stylish restaurant featuring succulent steaks from local sources and flavorful Latin American fare created by Mexico-born chef Enrique Martinez. Diners can begin their meal with guacamole made tableside served with plantain chips followed by the cowboy rib eye — 24 oz. bone-in rib eye chop served with chipotle onion rings and borracho beans — or paella with braised seafood, chicken, chorizo, tomatoes, and saffron rice. A visually stimulating environment, this establishment also features the vibrant artworks by local artists, including restaurant co-owner Martine Castoro who is a painter plus Delia, an artist who works in enamels.

 

 

Trillium

Located inside the Grove Hotel, Trillium is a true Boise gem, complete with chic decor and new American menu. The kitchen’s unwavering commitment to local ingredients is evident in dishes like smoked trout poutine, bison meatloaf, and huckleberry short ribs. Trillium is open for breakfast, lunch, and dinner and features an evening happy hour with discounts on beer, wine, and appetizers.

 

The Wylder

The Wylder is a relative newcomer to the Boise food scene, but the pizza parlor already feels like family. Maybe it’s the 50-plus-year-old sourdough starter, or the family-secret lasagna recipe, or the desserts lovingly baked each day. Local favorites include the Honey Badger (a white pizza with Italian sausage, ricotta, caramelized onions, and spicy honey), the Bronco (a red pie with salumi, pickled Fresno chiles, and burrata), and such nightly supper options as lasagna and fried chicken.

 

 

Fork

Established in 2011 by the husband-and-wife duo Cameron and Amanda Lumsden, Fork is a warm and inviting restaurant serving contemporary Northwest-inspired cuisine. Located in a 1891 historic landmark that once housed the Boise City National Bank, Fork dedicates itself to the sustainable movement by featuring reclaimed materials in their décor, procuring locally sourced ingredients for their dishes, plus featuring a wine list, which includes many regionally sourced options. Delectable highlights include griddled mac’n’cheese made with pasta from Alavita, house maple-spiced bacon, pepper cheddar, and roasted poblano chilli; cast-iron buttermilk-fried chicken and cheddar waffle served with balsamic-infused maple syrup and orange-honey butter; and local bread pudding with chocolate and bourbon-infused caramel-cream sauce.

 

Alavita

Located in the heart of downtown, Alavita serves Italian cuisine for lunch during the weekdays plus dinner Monday through Saturday in a lively and welcoming environment featuring an open kitchen. Specializing in fresh pasta made daily, this eatery uses the best locally and regionally sourced ingredients available. Discerning diners can feast upon delectable meals, such as squid ink linguini with a variety of seafood and green olives in a spicy arrabiatta sauce; porcini tagliatelle with local mushrooms, cherry tomatoes, chives, and parmesan; and broiled halibut topped with gremolata accompanied by asparagus and orzo. Offering vegetarian as well as gluten-free options and a variety of wines plus handcrafted cocktails, Alavita ensures that a wide range of tastes will be satisfied.

 

 

Bardenay

Located on Boise’s historic Basque Block in a former warehouse complete with exposed brick walls and wooden rafters, Bardenay is the USA’s first restaurant distillery and specializes in the flavours of the Northwest and handcrafted libations. Featuring a large menu, diners can savor tasty highlights, such as the charbroiled salmon fillet served with sun-dried tomato butter and Caesar salad and the New York steak with blue cheese butter, veal demi-glace, garlic mashed potatoes, and fresh vegetables. A meal would not be complete without one of Bardenay’s signature cocktails like the cantaloupe cooler made with Bardenay vodka, watermelon liqueur, peach, lime, and orange juices — a truly refreshing option.

 

Bittercreek Alehouse

Bittercreek Alehouse offers one of the largest beer lists in town. The menu leans heavy on beer-friendly foods, like poutine, polenta fries, a smoked Idaho trout board, and a juicy house-ground burger. Bittercreek (and its sister restaurant Diablo and Sons) is locally sourced, with photos of area farmers and food purveyors gracing the walls.

 

 

Petite 4

At Petite 4 on the Bench, chef Sarah Kelly and her husband, David (“DK”), offer casual French bistro fare. The menu is filled with classics such as duck terrine, moules frites, and a coulotte steak with fries, along with more modern items like a bloody mary oyster shooter or wine-based cocktails. Reservations are a must, though walk-ins may have luck on the patio or at the bar. Stop by for the Friday Afternoon Club on the Southside patio for shucked oysters, tallboys, and “bubbles” from their oyster trailer (which can be reserved for private outdoor events). Or come on Saturday morning to pick up coffee and doughnuts or pastries. 

 

Bacon

With all-day brunch, primo bloody marys, and five different kinds of bacon, what’s not to love? This Boise dining destination sells more than eight tons of bacon a year. The menu features breakfast dishes like omelets, biscuit sandwiches, and bacon shots — a sampling of the restaurant’s five bacon flavors. The lunch menu has earned this place more than a few TV spots too, with indulgences like cheesy bacon lasagna, and mac and cheese with tomatoes, mushrooms, and, you guessed it, bacon.

Posted in Boise Living
Nov. 29, 2021

Dawn Templeton's Live Interview With CNBC

Dawn Templeton, Associate Broker and Owner of Templeton Real Estate Group joined CNBC's "Power Lunch" to discuss home value in the Summer of 2021, where prices and inventory in Boise were selling above their asking price. (The video can be viewed at the bottom of this page)

Since the interview with CNBC, the real estate market in Boise has seen quick changes. As East Boise's #1 Resale Listing Team, Templeton Real Estate Group can help clients skillfully navigate the quickly changing market while prices are still at an all time high.

Whether you’re buying or selling a home, having an experienced real estate agent is essential.

Here are just a few reasons a real estate expert is invaluable:

  • Contracts – Help with the disclosures and contracts necessary in today’s heavily regulated environment.
  • Experience – Well-versed in real estate and experienced with the entire sales process, including how it’s changed over the past year.
  • Negotiations – Act as a buffer in negotiations with all parties throughout the entire transaction while advocating for your best interests.
  • Education – Simply and effectively explain today’s market conditions and decipher what they mean for your individual goals.
  • Pricing – Help you understand today’s real estate values when setting the price of your home or making an offer to purchase one.

A real estate agent can be your essential guide through unprecedented markets, but truth be told, not all agents are created equal. A true expert can carefully walk you through the whole real estate process, look out for your unique needs, and advise you on the best ways to achieve success.

"It’s crucial during shifting times to work with a real estate expert who understands how the market is changing and what that means for home buyers and sellers," says Dawn Templeton.

It is very popular in today's market to have agents who represent buyers, either mostly or specifically. "These are not the best choice for sellers," says Dawn Templeton. The skillsets needed to represent a buyer and a seller are quite different. Dawn suggests making sure you choose one that has active experience in highly competitive markets because buying a home can be an intense and complicated process. You want someone who knows all the ins and outs and can keep you from making costly mistakes. The best agents take time to get to know their clients, their needs, and their priorities which will help the agent steer you toward the best neighborhoods in Boise.

“An agent who’s been working in the Boise market for several years can steer you away from houses that are overpriced or that have major problems that require expensive fixes,” explains Dawn Templeton.

Whatever you hope for in the process of buying or selling a home, a highly experienced agent will be able to point you in the direction of your goals. You will know that you have found a great agent when they have listened to your needs and they can implement your goals with experience, expertise and skill. 

The bottom line is, Templeton Real Estate Group is home to agents in the top 1% in Ada County and we would absolutely love to share our expertise with you. Templeton Real Estate Group has top Listing Specialists AND top Buyer Specialists on our extremely qualified team of experts. There is absolutely no obligation and we offer a complimentary consultation meeting where we can discuss best services for your desired needs. At Templeton Real Estate Group, our clients come first!

 

CALL OR TEXT US TODAY AT 208-473-2203

 

Watch Dawn Templeton on CNBC's "Power Lunch" below:

Nov. 29, 2021

Remote Work Means More Home Offices

Does Your House Have What Buyers Want?

Does Your House Have What Buyers Want? | MyKCM

The rise in remote work is changing what many Idahoans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today’s buyers are looking for homes with more space to support their work needs.

As a seller, if you no longer need the extra room you have in your home, rest assured there are buyers who do.

Remote Work Is Here To Stay

Remote work in Idaho remains a reality for many. A recent poll from Garter, Inc. shows many organizations have not yet returned to their offices:

“. . . 66% of organizations are delaying reopening their offices due to new COVID-19 variants.”

And it’s not just companies that are choosing to remain remote for the time being – workers are seeking more flexibility. According to research from PricewaterhouseCoopers, nearly one-fifth of employees want to be fully remote in the future. The study also finds that many people are leaving jobs to seek out remote work opportunities:

“Among employees looking for new jobs, almost one in ten say it’s because they moved away from the office while working remotely and don’t want to go back on-site.”

More Remote Work Means a Greater Need for Home Offices

That’s leading today’s buyers to prioritize finding homes with more space so they can comfortably work from home. The 2021 Home Design Trends Survey from the American Institute of Architects finds that 69% of surveyed individuals still want at least one office at home. However, it also shows that more people are looking for multiple spaces in their home for remote work and virtual meetings (see graph below):Does Your House Have What Buyers Want? | MyKCM

What Does This Mean for You?

If your house has extra space that you no longer need, buyers are interested, and now may be the perfect time to sell.

Templeton Real Estate Group agents can help you highlight many of the most sought-after features in your listing, including home offices. On the other hand, if you have an extra room without a purpose, consider staging it as an area where remote work can happen. Your agent can help you with this as well by evaluating and preparing your space for potential buyers. They’ll make recommendations for how to stage the room, where to draw the eye, and what other sellers are doing to make their houses stand out in the Boise area.

Bottom Line

With the continued rise in remote work all across the country, more buyers are looking for homes that can support multiple home offices. If you have an extra room you’re no longer using, consider selling. Let’s connect today to discuss the unique features in your house and how you can capitalize on any extra space to appeal to today’s Boise home seekers. 

Nov. 23, 2021

More Homes Available Now In Boise than There Were This Spring

There Are More Homes In Boise Available Now than There Were This Spring



There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low in Boise, there are a few important things to understand about the supply of homes for sale as we move into the end of 2021. 

The Number of Homes for Sale Usually Peaks in the Fall

In the Boise residential real estate market, trends generally follow a predictable and seasonal pattern. Typically, the number of homes available for sale (or active monthly listings) peaks in the fall. But in a chapter where so little feels normal, the question becomes: should we expect a fall peak this year?

If we look at the active monthly listings for 2021 (shown in the chart below), we’ll see that the number of homes on the market has increased fairly steadily since spring this year. The realtor.com data shows we’re still seeing an increase in active inventory month-over-month. While that gain is a bit smaller month-to-month (see August to September in the chart), September and October numbers are still up from the month prior.There Are More Homes Available Now than There Were This Spring | MyKCMThe important takeaway here is the latest monthly numbers show growth. At the end of September, buyers had more options to pick from than they did this spring. That’s encouraging for buyers who may have paused their search months ago because they had trouble finding a home. Danielle Hale, Chief Economist at realtor.com, sums this up nicely:

“Put simply, this September buyers had more options than they've had all year and while that's typical of early fall, that's not what happened in 2020. Still, it's important to remember that while buyers may have an easier time this fall than they did in the spring, the market remains more competitive than it has been historically at this time of year.” 

As Hale says, a fall peak in inventory is in line with typical seasonal trends. While it’s impossible to say for certain what the future holds for Boise's housing inventory, we do know both buyers and sellers have opportunities this season based on the latest data.

What Does That Mean for You?

If you’re thinking of buying a home in Boise, rest assured you have more options now than you did earlier this year – and that’s a welcome relief. That said, today’s market is still highly competitive with an average of 3.7 offers per listing. This isn’t the time to slow your search. It’s actually the season when the number of homes available for sale tends to peak. Focus on the additional options with renewed energy this season and be prepared for ongoing competition from other buyers.

If you’re considering selling your house, realize that while growing, inventory is still low. Selling now means you’ll be in a great position to negotiate with buyers – and competition among buyers is good news for your bottom line. Eager buyers will likely be motivated to act before the holidays, giving you the benefit of a fast sale.

Bottom Line

Whether you’re buying or selling in Boise, there’s still a chance to make your goals a reality this season. Connect with Templeton Real Estate Group so we can discuss what’s going on with the Boise real estate market and current trends and what they mean for you.

Nov. 18, 2021

Home Prices Rising or Dropping?

What’s Happening with Home Prices?

What’s Happening with Home Prices? | MyKCM

Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions.

How much have home values appreciated over the last 12 months?

According to the latest Home Price Index from CoreLogic, home values have increased by 18.1% compared to this time last year. Additionally, prices have gone up at an accelerated pace for each of the last eight months (see graph below):What’s Happening with Home Prices? | MyKCMThe increase in the rate of appreciation that’s shown by CoreLogic coincides with data from the other two main home price indices: the FHFA Home Price Index and the S&P Case Shiller Index.

The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising equity.

What’s happening with home prices right now?

All three indices mentioned above also show that while appreciation is in the high double digits right now, that price acceleration is beginning to level off (see graph below):What’s Happening with Home Prices? | MyKCMYear-over-year appreciation is still close to 20%, but it’s clearly plateauing at that rate. Many experts believe it will drop below 15% by the end of the year.

Keep in mind, that doesn’t mean home values will depreciate. It means the rate of appreciation will slow, yet stay well above the 25-year average of 5.1%.

What about next year?

The recent surge in prices is the result of heavy buyer demand and a shortage of homes available for sale. Most experts believe that as more housing inventory comes to market (both new construction and existing homes), the supply and demand for housing will come more into balance. That balance will bring a lower rate of appreciation in 2022. Here’s a look at home price forecasts from six major entities, and they all project future appreciation:

  1. Fannie Mae
  2. Freddie Mac
  3. Mortgage Bankers Association
  4. Home Price Expectation Survey
  5. Zelman & Associates
  6. National Association of Realtors

What’s Happening with Home Prices? | MyKCMWhile the projected rate of appreciation varies among the experts, due to things like supply chain challenges, virus variants, and more, it’s clear that home values will continue to appreciate next year.

Bottom Line

There have been historic levels of home price appreciation over the last year. That pace will slow as we finish 2021 and enter into 2022. Prices will still rise in value, just at a much more moderate pace, which is good news for the housing market.

Nov. 15, 2021

October 2021 Boise Real Estate Market Stats

 

 

 

 

Posted in Boise Real Estate
Nov. 10, 2021

5 Reasons to Live in Downtown Boise

Reasons To Live Downtown Boise

Boise, Idaho is a large and exciting city located in the Pacific Northwest. Home to roughly 226,000 residents, Boise offers a wide selection of neighborhoods and communities to choose from. If you are in the market for an urban and hip setting, Downtown Boise might be the perfect place! Located in the heart of the action, mixed among art, culture and excitement Downtown Boise offers residents the best of everything Boise has to offer.

Boise's Downtown roots run deep throughout its history and these roots continue to sprawl today, growing with each passing year. Every year, more people are moving into the heart of this vibrant city creating an ever-growing community. Here are five reasons why you should consider living in Downtown Boise!

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Posted in Buying a Home
Nov. 10, 2021

5 Reasons to Live in Depot Bench, Boise

Living in Depot Bench, Boise

Boise is a beautiful and exciting city located in the Pacific Northwest state of Idaho. The city perfectly balances natural beauty with modern-day amenities offering the best of both worlds to its residents. Along with a diverse and dynamic downtown district, Boise is home to a slew of wonderful neighborhoods and communities.

Depot Bench is a popular and sought-after neighborhood that is bordered by Crescent Rim Drive, Federal Way, Overland Road and Roosevelt Street. A family-friendly and picturesque community, below we will look into 5 reasons you'll want to live in Depot Bench, Boise.

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Posted in Buying a Home
Nov. 10, 2021

Top Boise Realtor Dawn Templeton Quoted in USA Today

 

Recently, our very own Dawn Templeton of Templeton Real Estate Group contributed to a USA Today article that can be viewed here.

 

 

The article titled, "Getting a bigger house: Should you expand or buy?" Dawn expresses the importance of consulting with a trusted real estate agent to aid in helping make the best choice for a growing family's future. According to USA Today, “The pandemic has given some working Americans a new reason to want a bigger house: adequate office space. Among remote workers planning to make changes to their home workspace, more than half – 58% – considered moving to a larger home, according to a 2020 survey by real estate blog CommercialCafe.”

 

 

“Ask yourself if this is a good time to buy,” the article continues. "Judge the current real estate market by consulting with a trusted local real estate agent,” says Dawn Templeton, co-owner and broker at Templeton Real Estate Group in Boise, Idaho. “This will help you determine whether buying a new house right now would be profitable. The current market is hotter than ever, and the sellers have the upper hand. That means you could end up in a bidding war that has you paying 20% to 30% more than the asking price,” Dawn explained.

 

With over 45 years of combined experience in real estate, a guaranteed and proven ultimate marketing plan, and 100% satisfaction guaranteed - Templeton Real Estate Group is the best choice for the Boise, Idaho area!

 

Brenda Winkle, a client who partnered with Templeton Real Estate Group in the sale of her home agrees: "Hands down, Templeton Real Estate Group is the best real estate group I have EVER worked with! Impeccable customer care and interactions, top notch negotiation techniques, staging included in the sale of the home, experts in the field, organized and professional. Every interaction with every single person associated with Templeton Real Estate Group was positive. They even connected me to a realtor in my new city who also delivered top notch service. I would give them 6 stars!! They are THAT good."

 

 

Mark and Dawn Templeton add, "We have been active in the Boise Real Estate Market since 1999 and are passionate about what we do; providing the absolute best in real estate service."

 

If you are looking for the absolute best real estate has to offer in Boise, Idaho, look no further than Templeton Real Estate Group!

 

Templeton Real Estate Group is the best choice. Here are a few stats and accomplishments that took place in 2021:

 

  • In 2021, Templeton Real Estate Group sold over $120,000,000 in real estate and #2 in Ada County for listings sold!

  • In 2021, Templeton Real Estate Group were #1 and represented more home sellers in NE and SE Boise!

  • In 2021, Templeton Real Estate Group’s listings sold for an average of 6% above asking!

 

Congratulations Dawn Templeton on the nationwide recognition! Being featured in USA Today is a reflection of the great work accomplished in the Boise real estate market and the great relationships established through serving many satisfied customers!

 

Amid the pandemic, nearly 30 million people in the U.S. moved to a new home in 2020. More than 4 million of them jumped from one state to another, many to Boise, Idaho.

Posted in Real Estate
Nov. 3, 2021

Why You May Want To Cash in on Your Second Home

 

Why You May Want To Cash in on Your Second Home | MyKCM

When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight.

Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen:

Prices increased by double digits in every region of the country and in 19 of 20 major metros. Chicago was the only exception, where prices still rose by 9%.

What does this mean to those who purchased a second home during the pandemic?

Many people didn’t want to give up a home in the city or close to their office. Instead, they purchased a larger second home farther away and moved there to stay safe and have more space. According to the same Zelman report, sales for second homes rose an astonishing 27% in 2020.

That large second-home retreat on a lake or in the mountains would demand a higher price than the average house. Let’s assume a buyer purchased such a home for $500,000. Assuming the middle 13.2% appreciation shown above, that home would now be worth about $566,000.

Those who bought second homes to improve their lifestyle during the height of the pandemic, or those who just wanted to be in a safer environment, also made a great investment.

What should these homeowners do now as the pandemic is receding, and the economy is reopening?

The buyers of those second homes now have a decision to make. Many will move back to the original home they still own (the one that’s closer to work, friends, and family). Should they keep the second home? That could depend on answers to questions like these:

  • Now that you may have to go back to the office (at least a few days a week) and students are required to physically attend school, would you still use the second house enough to warrant the expenses of an additional home?
  • Would you go to the second home on most weekends, or would you return to the movie theater, attend sporting events, eat out at fine restaurants, or spend your time traveling again?

Bottom Line

If you purchased a larger second home during the pandemic, you were able to make day-to-day life much easier for those important to you. You also made it much safer. However, with those goals already accomplished, you now need to decide whether to continue paying the extra expenses or sell the house and cash in your profit. If you decide selling makes sense, let’s connect today to discuss the value of your second home.