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TripleCord Review
October 2020

  Becka Marston

   Residential REALTOR®
   Direct (208) 957-8017

Meet Becka
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Market Update
The seasonal slowdown, usually common this time of year, seems non-existent as the Boise housing market continues to boom.  The median home price reached yet another new record at $409,945, up 17.2% from the same month last year.  As reported by Boise Regional Realtors, this is “a result of a competitive housing market which is being fueled by low mortgage rates and limited supply compared to demand…According to Freddie Mac, the average 30-year fixed rate mortgage was at 2.9% in September, down 19.7% year-over-year when compared to the September 2019 mortgage rate of 3.61%. While the actual interest rate a borrower receives is based on a variety of factors, the very low rates, as well as increasing rents (as reported by BoiseDev) may be encouraging more people to consider a home purchase.”

The months supply of inventory remained at its current record low of 0.4 months.  As we described in September’s market update, this means if demand remained the same and everyone stopped listing homes today, it would take less than 2 weeks for all the available properties to be sold out!  Moreover, homes are remaining on the market fewer days.  The average days on market for existing homes (not including new construction) was only 17 days, which is a 34.6% drop from the same month last year.  Thus, buyers are continuing to have to act very quickly when it comes to deciding whether or not to put an offer on a home and how much they are willing to offer over the asking price or what contingencies they are willing to waive in order to be the winning bid.  Quick decisions like these can often lead to “cold feet” on behalf of the winning buyer, so backup offers are HIGHLY encouraged. We have had a few buyers this past month get homes as a result of being in backup position as well as a few sellers who have benefited from having good backup offers in place when their first buyer bailed due to buyers remorse. 

The fast pace of today’s market can be very stressful for both buyers and sellers, but it can definitely be made less so with an experienced and caring agent to walk you through the process.  If you are considering buying or selling in the coming months, I would love the opportunity to help prepare you and faithfully come alongside you in the journey!   Please give me a call and let’s find a time to meet! 
If you're interested in knowing more about the current state of the market, check out the full Boise Regional Realtors’ Market Report HERE.

Boise Area Events Calendar
It’s hard to believe the holiday season is fast upon us!  HERE are some fun local events I hope you and your friends and family get a chance to enjoy this year! Due to COVID-19 concerns, some events have been cancelled and some may be cancelled, so make sure to check website links for the most up to date information! 

"We put Becka to the test in how many houses one could see in a short time! She passed with flying colors. Almost all of June was spent showing us houses and potential homes on lots that might be available. The house we finally picked fell through at first and we had a second choice going before our 'blessing' house came back to us. Becka made sure that the whole closing process went smoothly and took care of us above and beyond since most of it was done long distance. We have every confidence that she would be a great realtor for you if you're looking for quality, professional and honest help."
Brent & Carol Hoiosen, September 2020

See more of my client testimonials HERE!
Becka's Recent Activity
10325 W Victory Rd, Boise
Representing Buyer
10578 N Sage Hollow Way, Boise
Representing Buyers

1800 E Golden Oak Ct, Meridian
Representing Buyer
642 S Short Ln, Eagle
Build Job
Representing Buyer
5513 S Bentwaters Way, Meridian
Build Job
Representing Buyers

3419 N Tradewind Ave, Meridian
Build Job
Representing Buyers

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TripleCord Real Estate · 3635 Weathered Ave · Boise, ID 83706 · USA

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