Group One Sotheby’s International Realty Market Report – EARLY RETURNS SHOW PROMISE January results for the Ada County residential market have continued the trends in 2016. Unit sales this January were up almost 14% over last January. Average sales prices for the trailing twelve months increased 6.5%. Inventory was slightly lower than it was at the end of last January, which was the low mark for the year. New construction is making headway: 22% of all homes sold this … http://ow.ly/NFso509sw3f
Group One Sotheby’s International Realty Market Report – 2016 YEAR END MARKET REPORT Would you have believed it if, at the beginning of the year, we had predicted that Ada County home sales would increase by14% and yet prices would increase by only 6%? Wouldn’t it make more sense that a double-digit increase in demand would produce a double-digit increase in price? And what about inventory? If we had said that we would go through the year with little more than one mont… http://ow.ly/wZ5O508w2Tm
Group One Sotheby’s International Realty Market Report – A BUMP IN NOVEMBER Ada County results in November took a huge jump with 40% more units sold than last November, 38% in resale homes and 41% in new homes. The market for the trailing twelve months is up in unit sales by 13.5%, 8.5% in resale properties and 41% in new home sales. As a result, there are only 32 days of resale and finished new home inventory. At this point, it looks like the only thing that will slo… http://ow.ly/5lt1507myHF
Thanks, Laurie, for putting into words what has thus far eluded me. Our common ground seems so far away right now. As I open to the necessary dialog in search of this basis I will remind myself that ‘we the people’ have the power and obligation to find our true selves. Is this still a strong nation by virtue of our diversity, our freedom of thought? Will we find a willingness to retrieve the responsibility to protect and help our neighbors, as well as strangers? Are the weak, the young and the old still valued as the very fabric that makes us great?
I always smile when I think about what inspires me to write about each week. Right now, I am in Seattle for a few days, staying at a friend’s house in a lovely, wooded neighborhood. The blinds are closed. I don’t get it, either. The backyard is a beautiful, lush environment that would inspire an artist to paint, a poet to write, a person to take up meditating.
But the blinds are closed.
I don’t know about you, but I feel as if this past week has shown the world that America lives with the blinds closed. Many Americans clearly did not and do not understand the concerns of other Americans in different regions of our country.
I think we are going to open the blinds now.
We must take a long, deep look at what happened. We must make sure America remains a safe place to live, to speak…
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October 2016 Market Report – A LITTLE BIT SLOWER NOW? The chart below shows the percentage improvement this year-to-date over last year-to-date for each month of closings (blue line) and pendings or contracts in escrow (green line). As you can see, the level of closings has ended up about where we started in January with most months higher than the beginning and ending points. Pendings, or future closings, were higher every month until trending down at the end of Octobe… http://ow.ly/QURC506nC24
September 2016 Market Report – THIRD QUARTER REPORT September’s closings in Ada County were up 23% over the same month last year, one of the largest same month gains this year. Pending contracts, signed and in escrow, were 22% higher than they were at the same time last year, an optimistic note for the future. Inventory is down 11% compared to this time last year, leaving us with 2.4 months of homes: 1.9 months of resale homes and 4.4 months of new homes. However, as we… http://ow.ly/yoGR505oaqT
August Market Report – AUGUST IS EVEN HOTTER Ada County closings this August topped closings last August by 16%, considerably higher than the year-to-date improvement of 11%, primarily due to a surge in new homes sales: resale closings were 6% higher and new home closings were 77% higher than they were last August. Pending contracts – or contracts in escrow – were 25% higher at the end of this August than they were at the end of last August, mainly because pendings on n… http://ow.ly/K0BD504ho6t
July 2016 Market Report – BUBBLE TROUBLE? As July keeps pace with the hot market this year, more people are asking if we are headed for a bubble. We certainly don’t expect an always-improving market, and there’s always a possibility of a “Black Swan” event, but we see several reasons that today’s market is on a more stable footing than the market that lead to the crash in 2008-09. 1. First, there are no “no doc” loans that created financial instability. The financing i… http://ow.ly/jVQ6503j7tA
Market Report for First Six Months – SIX MONTH MARK The first six months saw an 11% improvement in the number of residential properties sold in Ada County: a 6.5% increase in resale units and a 34% increase in newly constructed properties, compared to the first six months of last year. The average price for the trailing twelve months increased 6.8% for all properties, 6.5% for resale, and 5.4% for new homes. Inventory is down 11% from the end of last June but has incre… http://ow.ly/WOnj502dxT6
May 2016 Market Report – Explosive Market Continues in May May residential closings in Ada County were 14% higher than they were last May, while pending transactions at the end of this May were 21% higher than they were a year ago. Inventory is down 8% due to the hot market leaving us with 2.5 months of properties. Resale closings in May were 10% higher than they were last May, while pending contracts were 12% higher. The inventory of resale properties decreased 17% ov… http://ow.ly/Oioz501fOG0