Idaho Real Estate Market Update

The following analysis of select counties of the Idaho real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Powerhouse Group agent at 208-920-5966.

 

ECONOMIC OVERVIEW

It appears as if the significant COVID-19-induced contraction in employment Idaho experienced earlier this year is behind us (at least for now). Statewide employment declined modestly in March, but April was the real shock, with the loss of more than 78,000 jobs in the month, a decline of 10.2%. However, the economy appears to have turned around remarkably quickly, with a solid increase of 24,300 jobs in May. Idaho did see COVID-19 cases rise significantly in June, but the latest data appears to suggest that the trend has started to reverse. If this continues, I am hopeful more of the jobs lost will return.

 

HOME SALES

  • During the second quarter of 2020, 6,264 homes were sold, a drop of 10.6% when compared to the second quarter of 2019. However, I would note that sales rose 22.2% compared to the first quarter of this year.
  • In the southern markets, sales rose in small Valley County, but dropped in the rest of the counties covered in this report compared to the same period a year ago.
  • Year-over-year, sales growth was negative in all of the Northern Idaho counties contained in this report. The most substantial drop was in Bonner County, though the decline there amounted to only 37 units.
  • Pending sales rose a significant 18% over the first quarter of the year, suggesting that closed sales will rise in the third quarter.

Continue reading

 

Posted on July 30, 2020 at 11:59 am
Windermere Powerhouse Group | Category: Market News, Real Estate Trends | Tagged , , , , , ,

Donation Drive-Thru supporting Boise Rescue Mission

Tuesday, July 28th from 9 am to 2 pm
Windermere Powerhouse Group at 621 S. 17th Street, Boise

Windermere, a premier real estate company in the Western US, understands the importance of home and has made tackling homelessness a priority for many years. Windermere Powerhouse Group is located in Midtown Boise and our staff and agents see challenges facing our homeless population daily.  During the COVID-19 pandemic there are more needs than ever. Our team is grateful that our industry  has remained strong and realize more than ever the importance of supporting our community.

Our brokerage we donated to the Idaho Foodbank, providing 3000 meals to local families. Many agents have donated and volunteered and contributed on an individual level and now we are inviting you, our family, friends, clients and business partners, to help. We will be collecting donations for the Boise Rescue Mission on Tuesday, July 28th from 9 am-2 pm. There will be a Drive Thru Donation at our office, 621 South 17th Street where you can drop off needed supplies in a safe and healthy way.

How can you help?

“Every little bit helps” is the consistent statement we hear from the Rescue Mission staff. Everything is appreciated. Below is a list of various items from canned food, to summer and school supplies and clothing. Did you know that in addition to a food pantry and meals they also have a clothing room for residents to “shop”? Your gently used clothing gives children the chance to wear clothing that fits or gives an adult the opportunity to have professional clothing for a job interview. 

We look forward to your support and your help promoting this event. If you are not available to drive thru on the 28th, feel free to drop supplies off to Gretchen Bolton at Windermere Powerhouse Group. For more information or questions, contact Gretchen at 208-920-5966 or at gbolton@windermere.com.

Ongoing Needs:
Adult and children’s clothing – Gently used or new
Non perishable food items
Batteries – all sizes

Summer Needs
Spray sunscreen
Clorox wipes bottled
Water/juice boxes
Bottled water
Healthy lunch items (string cheese, yogurts, lunchmeat, individually packaged healthy snack items)
9V batteries.
Razors
Socks
Men’s underwear
Hand sanitizer wipes
Tylenol
Lysol/disinfectants
Masks

Back to School Needs:
Alcohol-free hand sanitizer
Facial tissue
Sanitizing wipes
Zip lock bags (gallon & quart)
Mechanical pencils (0.7 mm)
0.7 mm lead
Colored pencils
Multi-color highlighters
Sharpies
Dry erase markers / erasers
Watercolors
Pencil boxes
Pencil sharpeners
Glue sticks
2-Pocket folders
Zipper binders (3” or larger)
Subject dividers
Composition notebooks (wide ruled)
Composition notebooks (college ruled)
Lined loose-leaf paper (wide ruled)
Lined loose-leaf paper (college ruled)
Spiral notebooks (wide ruled)
Graph paper
Book covers (XL)
Flashcards: Addition
Flashcards: Multiplication
Ear buds
Flash Drives (2 to 8 GB)

About the Boise Rescue Mission

The Boise Rescue Mission started in 1958 as a small soup kitchen with a few cots to feed and shelter homeless people. Fast forward 50+ years and the Rescue Mission has expanded to 5 ministry centers in Boise and Nampa providing not just meals and shelter, but clothing, household items, career development, veteran services and recovery programs. Read more about the ministry here. Boise Rescue Mission Ministries

Posted on July 14, 2020 at 12:24 pm
Windermere Powerhouse Group | Category: Events, Market News, Real Estate Trends