Donation Drive-Thru SUCCESS!

When a global pandemic makes your planned events impossible, you adapt!

We all watched COVID-19 bring many businesses to a standstill and leave countless people struggling with basic needs. In addition to feeling extremely grateful that we were still busy and working, we felt a desire and responsibility to help our community that was struggling. The Boise Rescue Mission Ministries, who does amazing work throughout the entire Boise area and has a facility a few blocks from our office, had additional needs for their residents and reached out for help. Their typical style of getting companies involved was not possible with the realities of COVID-19, just as our typical style of connecting with our clients, vendors and friends was not possible. So when they asked if we would be willing to try a different type of event, we were up for it.

 

On July 28th we hosted one of the very first “Donation Drive Thru” events in our parking lot and invited everyone we knew to help. Although the event was organized in a way that would keep everyone safe and healthy, we were unsure what the response would be. Many were still tentative about leaving home for non-essential errands. Our agents and staff promoted the event, giving everyone an opportunity to contribute and we are happy to say that the event was a success! Even our mail carrier stocked her van and donated when she delivered our mail.

The next day we received this note and it is with full hearts we thank the Boise Rescue Mission Ministries for all the work they do and for inviting us to be involved.

“On behalf of Boise Rescue Mission Ministries we just wanted to thank you and Windermere Powerhouse Group so much for hosting yesterday’s drive thru drive. Because of you and your team, your clients, and even a neighborhood mail lady we received over 700lbs of summer needs items, clothing, and back to school supplies.  This will certainly help us meet the needs of the many men, women, and children staying in our emergency shelters.  I look forward to offering your team a tour of our shelters so you can directly see how your donations impact lives for the good and are a piece of the puzzle to help break the cycle of homelessness, drug and alcohol addictions, and hopelessness.  Thank you all again so much. You have blessed us!” Ricky Alseth

We are proud to be part of Windermere, a company that is all in, for community. To learn more about Boise Rescue Mission Ministries and how you can get involved, please visit their website BoiseRM.org


Posted on September 14, 2020 at 5:07 pm
Windermere Powerhouse Group | Posted in Events, Market News | Tagged , , ,

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 | Posted in 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 | Posted in Events, Market News, Real Estate Trends |

Gardner Report – Idaho Real Estate Market Update and Forecast

Posted in Idaho Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate

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 Idaho’s housing market, please contact us at 208-920-5966 or powerhouse@windermere.com

 A MESSAGE FROM MATTHEW GARDNER

Needless to say, any discussion about the U.S. economy, state economy, or housing markets in the first quarter of this year is almost meaningless given events surrounding the COVID-19 virus.

Although you will see below data regarding housing activity in the region, many markets came close to halting transactions in March and many remain in some level of paralysis. As such, drawing conclusions from the data is almost a futile effort. I would say, though, it is my belief that the national and state housing markets were in good shape before the virus hit and will be in good shape again, once we come out on the other side. In a similar fashion, I anticipate the national and regional economies will start to thaw, and that many of the jobs lost will return with relative speed. Of course, all of these statements are wholly dependent on the country seeing a peak in new infections in the relatively near future. I stand by my contention that the housing market will survive the current economic crisis and it is likely we will resume a more normalized pattern of home sales in the second half of the year. 

HOME SALES

  • During the first quarter of 2020, 5,128 homes were sold, representing a solid increase of 12.6% compared to the first quarter of 2019 but down 9.9% compared to the fourth quarter of 2019. Read more.
  • In Northern Idaho, Shoshone County experienced a significant increase in sales — up 15.5% over the first quarter of 2019. There was a modest increase in Kootenai Country and a very slight contraction in Bonner County. In Southern Idaho, sales rose by double digits in Valley, Canyon, and Ada counties. Blaine and Boise counties showed a modest decline in sales.
  • Year-over-year sales growth was positive in two of three of the Northern Idaho counties, and sales rose in all but two Southern Idaho market areas over the same period a year ago.
  • Pending sales rose in the quarter, suggesting that closed sales in the second quarter will be positive regardless of COVID-19.

 

 

 

HOME PRICES

  • The average home price in the region rose 11.3% year-over-year to $382,601. Prices were 1.5% higher than in the fourth quarter of 2019.
  • In Northern Idaho, Bonner County led the market with the strongest annual price growth, but there were solid gains in all counties. In Southern Idaho, Gem County saw prices rise a very significant 37.5%, and there were double-digit increases in all counties other than Valley.
  • Prices rose in all Northern Idaho counties covered by this report compared to the first quarter of 2019, and rose in all but one Southern Idaho county.
  • Inventory continues to be an issue, which is driving up home prices. Listing activity was down 7.2% compared to the first quarter of 2019. Listing activity was also down 8.8% compared to the final quarter of 2019.

 

 

DAYS ON MARKET

  • It took an average of 112 days to sell a home in Northern Idaho, and 92 days in the southern part of the state covered by this report.
  • In Northern Idaho, days on market dropped across the board. In Southern Idaho, market time dropped in Boise and Payette counties but rose in the other areas covered by this report.
  • The average number of days it took to sell a home in the region dropped 2 days compared to the first quarter of 2019 but was up 21 days compared to the final quarter of 2019.
  • Homes sold the fastest in Boise and Ada counties.

 

 

 

CONCLUSIONS

This speedometer reflects the state of the region’s real estate market using housing inventory, price gains, home sales, interest rates, and larger economic factors.

Given the current economic environment, I have decided to freeze the needle in place until we see
a restart in the economy. Once we have resumed “normal” economic activity, there will be a period of adjustment with regard to housing. Therefore, it is appropriate to wait until later in the year to offer my opinions about any quantitative impact the pandemic will have on the housing market.

 

 

ABOUT MATTHEW GARDNER

As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K.

In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.

 

 

 

 

 

 

 


Posted on April 29, 2020 at 11:57 am
Windermere Powerhouse Group | Posted in Market News, Real Estate Trends, Uncategorized | Tagged , , , , , ,

What Does It Mean to Be All In?

Over the past few weeks, we have seen countless examples Windermere Powerhouse Group agents embodying what it means to be All In, For You. We love what we do, are finding creative ways to connect during this time of social distancing, we are supporting local businesses, reaching out to friends and family via FaceTime and Zoom. We are adapting so we can continue to help our clients move their lives forward in these uncertain times.


Posted on March 27, 2020 at 2:00 pm
Windermere Powerhouse Group | Posted in Market News | Tagged , , , , ,

Real Estate Market Trends for Canyon County

 

  • Windermere Economics & Matthew Gardner predict that growth over the next 5 years with be 9.7% as well as 4947 additional owner households to be formed

 

  • Windermere Economics found over the last 3 years average ownership Tenure in Ada County to be between 6 – 7 years. In 2010 the average was between 3  3.5  years. 

 

  • Matthew Gardner predicts 9.0% growth in single family home price forecast for 2020.

 

Check out more local Statistics from Windermere Powerhouse Group

For More Information and local real estate market statistics and forecast for County, City and Neighborhood throughout Ada County.

Send and email or call us at 208-920-5966.


Posted on January 30, 2020 at 12:08 am
Windermere Powerhouse Group | Posted in Events, Market News, Real Estate Trends | Tagged , ,

Real Estate Market Trends for Ada County

  • Windermere Economics & Matthew Gardner predict that growth over the next 5 years with be 13.1%, as well as 15,810 additional owner households to be formed.

 

  • Windermere Economics found over the last 3 years average ownership tenure in Ada County to be in between 6.5 -7 years. In 2010 the average was between 3.5 – 4 years. 

 

  • Matthew Gardner predicts 9.2% growth in single family home price forecast for 2020 for Ada County.

 

Check out more local Statistics from Windermere Powerhouse Group

For More Information and local real estate market statistics and forecast for County, City and Neighborhood throughout Ada County.

Send and email or call us at 208-920-5966.


Posted on January 29, 2020 at 11:58 pm
Windermere Powerhouse Group | Posted in Events, Market News, Real Estate Trends | Tagged ,

Idaho Real Estate Market Update

Posted in Idaho Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate

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 agent.

Please join us to hear Matthew’s Economic and Real Estate Forecast for Idaho in 2020. January 30th, 10 am -12 pm at JUMP in Downtown Boise. Click here to reserve your spot. 

 

ECONOMIC OVERVIEW

The job market in Idaho has picked up again, adding 19,700 new jobs over the past 12 months — an annual growth rate of an impressive 2.7%. That said, growth levels are still off the frenetic pace of 2018.

In November, the state unemployment rate was 2.9%, marginally higher than the 2.8% rate of a year ago. It cannot be disputed that the state remains at full employment. It is also interesting to note that the employment rate remained below 3% even as the labor force rose 2.8%, suggesting that the economy remains very strong and new entrants to the labor force are finding jobs with relative ease.

 

HOME SALES

  • 5,691 homes were sold during the final quarter of 2019, representing a 3.7% increase compared to the fourth quarter of 2018.
  • In Northern Idaho, Bonner County experienced a significant increase in sales — up 28.3% over the third quarter of 2018. However, Bonner is a small county so significant swings are not unusual. In Southern Idaho, sales also jumped in Payette County. The declines in total sales in three counties are, again, a function of the small number of transactions that took place in those markets.
  • Year-over-year sales growth was positive in two Northern Idaho counties and four Southern Idaho counties relative to the same period a year ago.
  • Pending sales dropped 32.5% over the third quarter of 2019, suggesting that closed sales in the first quarter of 2020 are likely to be lower than current figures.

 

 

HOME PRICES

  • The average home price in the region rose 11.7% year-over-year to $377,011 and sale prices were 2.5% higher than in the third quarter of 2019.
  • In Northern Idaho, Shoshone County led the market with the strongest annual price growth, but it is worth noting that the other two counties also saw double-digit price appreciation. In Southern Idaho, Boise County home prices leapt by more than 37%, and there were notable increases in Canyon, Gem, and Ada counties.
  • Year-over-year sales growth was positive in two Northern Idaho counties and four Southern Idaho counties relative to the same period a year ago.
  • Pending sales dropped 32.5% over the third quarter of 2019, suggesting that closed sales in the first quarter of 2020 are likely to be lower than current figures.

 

 

DAYS ON MARKET

  • It took an average of 117 days to sell a home in Northern Idaho and 60 days in the southern part of the state.
  • The average number of days it took to sell a home in the region dropped 9 days compared to the fourth quarter of 2018, but it took 11 days longer to sell a home compared to the third quarter of 2019.
  • In Northern Idaho, days on market rose in Bonner and Kootenai counties, but dropped in Shoshone County. In Southern Idaho, market time dropped in Payette, Gem, Boise, and Blaine counties, but rose in Valley, Canyon, and Ada counties.
  • Homes sold the fastest in Payette, Canyon, and Ada counties.

 

 

CONCLUSIONS

The speedometer reflects the state of the region’s housing market using housing inventory, price gains, home sales, interest rates, and larger economic factors.

Job growth is impressive and, as we all know, economic/job growth drives demand for housing, which continues to bode well for the Idaho market. Price growth remains impressive, but one must wonder how long this rapid trend in price growth can continue.

Even though I do expect to see slower price appreciation at some point in the future, it is unlikely to happen any time soon. As such, it remains staunchly a seller’s market so I have moved the needle a little more in their direction.

 

ABOUT MATTHEW GARDNER

As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K.

In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.


Posted on January 22, 2020 at 5:57 pm
Windermere Powerhouse Group | Posted in Events, Market News, Real Estate Trends |

Matthew Gardner – Will There Be A Recession in 2020?

Windermere Chief Economist, Matthew Gardner, answers the most pressing question on everyone’s minds: Will there be a recession in 2020? Here’s what he expects to see.

 

 

If you are interested in learning more about the Idaho’s economic and real estate market forecast for 2020 from Matthew Gardner live, please join us on January 30th at JUMP in Boise from 10:00 am-12:00 pm. To reserve your spot or if you have any questions, please contact Gretchen Bolton at gbolton@windermere.com.


Posted on January 14, 2020 at 12:13 pm
Windermere Powerhouse Group | Posted in Events, Market News, Real Estate Trends | Tagged , , , , , ,

Boise = Top Real Estate Market in the Nation

From Realtor.com

Idaho’s economy pretty much collapsed during the Great Recession. Now, it has one of the highest rates of job growth in the nation, largely propelled by the Boise metro area. Out-of-staters are pouring into the bucolic city tucked in the mountains—according to realtor.com data for the third quarter of 2019, 62.4% of viewers of listings in the Boise metro area were out of state.

“It is absolute craziness,” says Rob Inman, a real estate agent at Boise’s Best Real Estate. He estimates that about half of his company’s clients are from out of state; a few years ago, it was more like 20% to 30%.

They’re attracted by the jobs, many in the tech sector, and by Boise’s relative affordability. Californians, especially, are all too eager to leave behind the Golden State’s high taxes and home prices. All this has exacerbated a housing shortage, and developers are racing to keep up with demand.

“I don’t think you can stand and do a 360-degree turn in this town without seeing construction,” Inman says.

Buyers who can spend $300,000 to $400,000 are in the best position—”I can find [those buyers] homes all day long,” he says, especially in suburbs like Meridian where that much money will get you a newly built, three- to five-bedroom home with granite countertops and hardwood floors. (Check out this one!) Closer to the newly revitalized downtown, prices go up, although the housing stock is older (this one from 1939 has gotten some nice upgrades).


Posted on December 12, 2019 at 3:30 pm
Windermere Powerhouse Group | Posted in Uncategorized |