Posts from July 2024

Coldwell Banker Tomlinson Blog

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July
22


From Our Friends At Boise Regional REALTORS®

ADA COUNTY

MEDIAN SALES PRICE —

  • For the first time since Apr 2021, the MSP for resale homes hiked beyond that of new builds. 
  • Explanation: the average square footage of homes sold for existing also surpassed new builds this month.

HOMES SOLD —

  • Single-family and existing home sales saw their first slip since Jan 2024 while new construction recovered from its slight 8.6% dip in May. 
  • While monthly shifts may be volatile, long-term trends have remained relatively even.

PENDING SALES —

  • Pending contracts are up an even 200 signings compared to Jun 2023.
  • All sectors have experienced double-digit percentage improvements compared to Jun 2023.

INVENTORY —

  • Inventory has made significant strides toward recovering from 2020-2022 shortages.
  • Our Months' Supply of Inventory (MSI) has bounced back to Oct 2022 levels.

DAYS ON MARKET —

  • Aside from a brief bog in May, we've seen a speed-up in the market since February, consistent with seasonal shifts.
  • Market speeds are similar to those of Summer 2023, Fall 2022, and Winter 2021.

CANYON COUNTY

MEDIAN SALES PRICE —
  • As we remain in an imbalanced market, we're still seeing the Median Sales Price climb for most sectors.
  • New construction is the closest to a balanced market with an MSI of 3.0, allowing it space to breathe in Jun.

HOMES SOLD —

  • Timing for new construction's inventory increase was opportune with a bump in home sales. Otherwise, the pinch in demand could've driven prices up for that sector, as well, in Jun.

PENDING SALES —

  • While closed sales took a nap for single-family overall and resale homes, the sectors were not without activity. They both witnessed bumps YOY and MOM in pending contracts.

INVENTORY —

  • Canyon's new construction options opened up quite a bit in Jun, allowing buyers slightly more room to negotiate which likely assisted in decreasing the sector's Median Sales Price.

DAYS ON MARKET —

  • Resale home market speeds stalled for the first time in 5 months in Jun. This hiccup caused the first YOY stretch in 10 months.
  • New construction, however, sped past its 2023 counterpart by nearly 20 days.

To view the Treasure Valley homes currently for sale, CLICK HERE

July
16

Love fresh flowers but don't have a green thumb or space to grow them? Our guide to local flower farms has you covered! Explore a variety of farms to visit throughout summer and fall, and support local growers. Many offer event spaces, food trucks, live music, and classes. Be sure to visit their websites or follow them on social media for more details and updates.



Hidden Hollow Farms

Wed + Fri 6pm-9pm, Sat 9am-12pm

Four acres of seasonal flowers, sunflowers, asters, dahlias…65 varieties in all!

Location: 6285 SE 8th Ave, Caldwell, ID 83607


 
Lovely Hollow Farm

Open Wednesday evenings, Saturday & Sunday mornings...

Click Here to Read More...

July
11

At Coldwell Banker Tomlinson, our dedication to real estate success includes providing affordable housing solutions in Idaho. We're excited to announce our partnership with Mountain Modular Homes, based in Boise, to address housing affordability. In a recent podcast, Bob Van Allen, our President, discussed innovative solutions with Cody Draper and John Markoff of Mountain Modular Homes. This partnership enables us to offer clients diverse options, from finding the perfect plot of land to integrating ADUs into existing properties, ensuring a comprehensive approach to meeting their housing needs.

You can view the full podcast here.


A Revolutionary Approach to Home Building

Cody Draper, an entrepreneur with a rich bac...

Click Here to Read More...

July
10

by Kristina Case

My mom always made this dessert during the height of summer, when the variety of fresh fruit was abundant. It's colorful and perfect for a backyard BBQ or special occasion. My favorite fruit toppings are nectarine or peach slices, kiwis, grapes and any berries. Tip: If you're pressed for time, use pre-made sugar cookie dough for the crust. Enjoy this delicious treat!


1 cup sugar

2 cups flour

1 egg

½ cup butter, softened 

1 tsp vanilla

½ tsp. baking powder

Cream butter and sugar, add egg and dry ingredients. Press into a 12" pizza pan and bake at 350°F for 10 minutes. Let cool completely.


Cream Cheese Layer:

8 oz cream cheese, softened 

¼ cup sugar

Cream together and spread on cooled crust....

Click Here to Read More...

July
1


Developing and maintaining a strong professional network can take you much further than a job offer. While many view a job the primary goal of networking, there are plenty of other equally important reasons to maintain and grow your network; even when you aren't in the market for a new job.

A good contact can be an invaluable resource. You never know what kind of challenges you will find yourself facing, and it's impossible to be an expert on everything. Knowing the right person to help solve an out-of-the-box problem at work could save your company big time. Why not rely on calling up an expert you've never met? Someone who knows you well is more likely to take time out of their schedule to help you and is less likely to give you the runaround.

Alo...

Click Here to Read More...

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