View this email in your browser
TripleCord Review
October 2021

  Becka Marston

   Residential REALTOR®
   Direct (208) 957-8017

Meet Becka
Search the MLS
Buyers Guide
Sellers Guide

Come follow me on Instagram or Facebook @BeckaSellsBoise

By Pete Clark
Boise Regional REALTORS®

The median sales price for homes in Ada County moved to $534,950 in September 2021, marking a slight 0.8% increase over August when the median sales price was $530,500. While prices remained steady month-over-month, the most notable statistic was the share of homes that sold for over list price dropped to 33.1% — the lowest level since June 2020.

Competition for homes has been fierce for nearly a year, and as market times fell, more buyers were willing to pay over list price, which became a primary factor driving up the median sales price. When the share of homes that sold over list price exceeded 40% in August 2020, the median sales price moved into the $400,000-range for the first time. When it reached nearly 65% in May 2021, that’s when prices exceeded the $500,000-mark.  (For more on this, and additional factors driving home prices, check out BRR’s blog post: “Making Sense of the Rising Home Prices in Ada County.”)

That jump in price likely brought prospective sellers to the market, which has helped inventory levels increase. In fact, September marked the sixth consecutive month of inventory growth. The 1,249 homes available for sale at the end of the month was an 11.1% increase from August and a staggering 165.7% increase compared to September 2020. In addition, the average number of days between when existing homes were listed for sale and an offer was accepted increased to 17 days — the longest market time in the last 12 months — and 21.4% longer than the 14 days we saw in August 2021. 
The increased inventory and a slightly slower pace are good news for buyers and may be two reasons that fewer homes sold over list price last month. That said, while the Months Supply of Inventory (MSI) continued to trend up — reaching 1.5 months in September — Ada County is still not in the 4-6 month range of supply which is typically considered a balanced market — creating ongoing opportunities for sellers.
- - - - - - - - - - - - - - - - -
Whether you are looking to buy, sell, invest, or just learn more about opportunities and challenges in the current market, I would love to sit down and talk with you!  So, please, give me a call or send me an email and lets setup a time to meet!  I look forward to any opportunity to help you with your real estate needs.   
For more information and specifics on the current market, please check out Boise Regional REALTORS® Market Report HERE.  
Boise Area Events Calendar

It's a wonderful season to enjoy some great local events!  Check out our event calendar HERE for the latest happenings.  Some events may change, so please make sure to check the website links for the most up to date information.
Rising Homeowner Equity May Keep Foreclosures at Bay
by REALTOR® Magazine

Rising home prices have meant most homeowners have seen significant gains in equity over the past year. That may prove to be a critical buffer to help owners hit hard by economic uncertainty during the pandemic avoid foreclosure.

In the second quarter, the average annual equity gain for borrowers was $51,550, five times that of a year ago, according to CoreLogic’s latest Equity Report.

“While the coronavirus pandemic created economic uncertainty for many, the continued acceleration in home prices over the last year has meant existing homeowners saw a notable increase in home equity,” Molly Boesel, chief economist at CoreLogic, says in a column at the real estate research firm’s website. “The accumulation of equity has become critically important to homeowners deciding on their post-forbearance options.”

During the Great Recession, borrowers underwater on their mortgages were facing plummeting home prices. Nowadays, however, most borrowers who are behind on their mortgage payments can tap into their equity and sell their home rather than lose it to foreclosure, Boesel says.

That said, some homeowners may still be at risk. The states with high negative equity have seen the lowest home price appreciation compared with the national average. The following are the places most at risk for foreclosure and distressed sales, according to CoreLogic’s analysis.

Source: “Strong Home Equity Gains in 2021 Lower Foreclosure Risk,” CoreLogic (Sept. 23, 2021)

"We bought our home from out of state which was exciting and risky. We wanted someone who we could trust to help us find our home and that person was Becka! Becka helped us every step of the way and we felt a consistent caring presence from her even though we were from out of state. She would send us videos of houses she toured with great detail and care. She would even show us video of her driving around the neighborhood to get a feel of not only the house but the community as well. She is very professional, timely, kind, and genuinely cared about us and our move. I highly recommend Becka to anyone who wants to sell or buy a house in the area. We will absolutely be working with her in the future, she is wonderful!"
Jacob & Kelsey Davelaar (August 2021)
See more of my client testimonials HERE!

Recommended Service Providers
Do your fall plans include a remodel or necessary home maintenance or repairs?  If so, check out our Homeowners Resources page HERE, where we've listed several different service providers we've used personally or who have been recommended to us.  We are always updating this list, so if you have contractors to recommend, please email me!  
Fall Maintenance Reminders
It's fall and this is what our neighborhood looks like in all of its fall glory!  Beautiful!  With the beauty of fall also comes some very important maintenance items to keep your house protected from the harsh winter temps just around the corner.  Here are some things you might consider doing if you are here in the Boise area.

1) HAVE YOUR SPRINKLERS BLOWN OUT.  It is super important to have your sprinklers blown out before the freezing temperatures hit our area.  Blowing out your sprinklers will keep them from freezing and bursting over the winter months.  Just about any landscaping company can do this or you will see signs all over town advertising companies that can.

2) DISCONNECT ALL HOSES.  Much like your sprinklers, if your hoses freeze while they are connected to your house, they can cause a LOT of damage.  It is recommended that all exterior hoses be disconnected from their hose bibs. 

3) HAVE YOUR FIREPLACE AND FURNACE SERVICED. Since you'll want to use your furnace and fireplace more now, it's important to have these appliances checked to be sure they are working properly.  In fact, I highly recommend that you have your furnace serviced EVERY FALL and your AC serviced EVERY SPRING.  This will add years and years to life of your HVAC system and it's great for resale ;) (Buyers love to see that the HVAC system has been well cared for!). 
Becka's Recent Activity
25 Days on Market
676 E Cloverhill Ct, Eagle
Representing Sellers 

5505 Joseph Ln, Emmett
Representing Buyer
3004 N Moonshadow Ave, Kuna
Representing Buyers
TripleCord Facebook
TripleCord Website
If you are already working with an agent, this communication is not
meant as a solicitation for that business. 
Copyright © 2020 TripleCord Real Estate LLC, All rights reserved.

If you are receiving this newsletter it is because you have reached out to TripleCord Real Estate for market information, have registered on our website, or have used our real estate services at some point in the past.  

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
TripleCord Real Estate · 3635 Weathered Ave · Boise, ID 83706 · USA

Email Marketing Powered by Mailchimp