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 | Category: 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 | Category: 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 | Category: 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 | Category: 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 | Category: Events, Market News, Real Estate Trends | Tagged , , , , , ,

Economic & Housing Forecast presented by Matthew Gardner

Save the Date

January 30, 2020 10 am- 12 pm

 

You are invited to join us as Matthew Gardner, Chief Economist for Windermere, presents a 2020 Economic and Housing Forecast for Idaho on January 30, 2020, 10 am – 12 pm at JUMP in Downtown Boise.

Matthew is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. regularly speaks at events around the country, is frequently quoted in the media in stories and publishes the Gardner Report, which highlights market conditions in regions throughout the Western U.S. View the 3rd Quarter 2019 Idaho Report here.

Please contact us if you are interested in attending or learning more about the upcoming event. PowerhouseGroup@Windermere.com or 208-920-5966.

Posted on November 7, 2019 at 10:25 am
Windermere Powerhouse Group | Category: Events, Market News, Real Estate Trends | Tagged , , , , , , , , ,

Idaho 2019 3rd Quarter Real Estate Economic Report

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 us.

ECONOMIC OVERVIEW
Following a trend that started last fall, job growth in Idaho continues to moderate. The addition of 15,700 new jobs year-over-year represents an annual growth rate of 2.1%. This is to be expected at this point in the economic cycle, though it’s worth adding that the current rate of job growth remains well above the national average of 1.4%.

In August, the state unemployment rate was 2.9%, marginally higher than the 2.8% rate a year ago. It cannot be disputed that the state remains at full employment. It’s also interesting to note that the employment rate remained below 3% even as the labor force rose by 2.2%, suggesting that the economy remains very strong and new entrants to the labor force are finding jobs relatively easily.


HOME SALES ANNUAL CHANGE IN HOME SALES                                    Q3-2018 TO Q3-2019
❱ During the third quarter, 7,342 homes sold, representing a modest drop of 3.4% compared to the third quarter of 2018.

❱ In Northern Idaho, Shoshone County experienced a 17.9% increase in sales over the third quarter of 2018. There was a modest increase in Bonner County and a very slight contraction in Kootenai County. In Southern Idaho, sales jumped in Boise and Canyon counties. Blaine County also saw a slight increase, but sales activity was lower in the rest
of the region.

❱ Year-over-year sales growth was positive in two Northern Idaho counties and three Southern Idaho counties.

❱ Pending sales rose in the third quarter, suggesting that closed sales in the final quarter of this year are likely to be an improvement over current figures.


HOME PRICES

❱ The average home price in the region rose 8% year-over-year to $367,963. Prices were 2.7% higher than in the second quarter of this year.
❱ Prices rose in all counties compared to the third quarter of 2018.
❱ In Northern Idaho, Shoshone County led the market with the strongest annual price growth. Bonner County also had solid price growth. In Southern Idaho, Gem County saw prices rise a very significant 29.7%, and there were notable increases in Valley, Canyon, and Boise counties. ❱ Inventory continues to be an issue. The number of homes for sale is down 3.4% compared to the third quarter of 2018. Although listings are up 7% over the second quarter, the market remains very tight, and this is pushing prices higher.


❱ It took an average of 94 days to sell a home in Northern Idaho, and 54 days in the southern part of the state.

❱ The average number of days it took to sell a home in the region dropped ten days compared to the third quarter of 2018. It was also ten days lower than in the second quarter of this year.

❱ In Northern Idaho, days-on-market dropped across the board. In Southern Idaho, market time dropped in all counties except Ada and Canyon, though the rise in average market time was very modest.

❱ Homes sold the fastest in Gem, Canyon, and Ada counties.

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 continues to slow from the frenetic pace of the past few years but remains quite impressive. As is commonly known, economic/job growth leads to demand for homeownership and this continues to bode well for the Idaho market; however, home sales continue to be held back by a lack of inventory and this is leading to higher prices.

As such, it remains a sellers’ market so I have moved the needle just 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. Matthew also sits on the Washington State

Governors Council of Economic Advisors; chairs the Board of Trustees at the WA Center for Real Estate Research; 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 November 4, 2019 at 1:41 pm
Windermere Powerhouse Group | Category: Market News, Real Estate Trends | Tagged , , , , , , , , ,

Idaho Economic Market Report

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 our office.

 

ECONOMIC OVERVIEW

Following a trend that started last fall, job growth in Idaho continues to moderate. The addition of 18,400 new jobs year-over-year represents an annual growth rate of 2.5%. This is to be expected at this point in the economic cycle, but it’s worth noting that the current rate of job growth remains well above the national average of 1.6%.

In May, the state unemployment rate was 2.8%, marginally lower than the 2.9% rate of a year ago. The state remains at full employment, though it is interesting to note that the employment rate remained below 3% even as the labor force rose 2%, suggesting that the economy remains very robust as there are still job openings to accommodate new workers.

 

HOME SALES

  • 6,936 homes were sold during the second quarter of 2019, representing a modest drop of 2.8% from the second quarter of 2018.
  • In Northern Idaho, Shoshone County was the only county to experience sales growth, with sales up by 21.3% over the second quarter of 2018. There was a modest decline in sales in the other two counties. In Southern Idaho, Canyon and Payette counties had modest sales growth, but the rest of the region experienced lower sales activity.
  • Year-over-year sales growth was positive in just one of the Northern Idaho counties. Sales rose in two Southern Idaho market areas relative to the same period a year ago.
  • Pending sales rose in the quarter, suggesting that closed sales next quarter are likely to be an improvement over current figures.

 

HOME PRICES

  • The average home price in the region rose 7.8% year-over-year to $358,406 and was 3.2% higher than the first quarter of this year.   Continue reading…..

 

    

Posted on August 14, 2019 at 3:48 pm
Windermere Powerhouse Group | Category: Market News, Real Estate Trends | Tagged , , , , , , , ,

Welcome Bonnie Burry

 

Windermere Powerhouse Group is proud to announce Bonnie Burry has accepted the position of Designated Broker. Bonnie brings a wealth of knowledge and a spirit of adventure and generosity to our brokerage. She shares our vision and passion of relationships before sales, strategic growth and impeccable service and ethical industry standards.  Bonnie is a Certified Residential Specialist, earned her Associate Broker designation nearly three decades ago and is a long-time member of the Top Producers club. She has mentored countless agents, served in leadership roles and is excited to take on the challenge of Designated Broker at Windermere Powerhouse Group, a flourishing new brokerage in Boise. And Windermere Powerhouse Group is excited to have Bonnie leading the team.

Get to Know Bonnie

Bonnie’s love for homes and the Idaho hills began as a small child growing up on a fruit ranch in Emmett, Idaho. She followed her father around while he built the home she grew up in. There she developed building skills, a love for design, and the integrity instilled by an Idaho rancher.

A career in the industry was by default. She was on her way to obtaining a masters degree in education when she realized her true passion is real estate. And the rest is history. That side track has turned into a 35 year love affair with real estate. Loving the process of helping her clients get the best service possible is her heart’s joy.

She proudly served on the Historic Preservation Commission, helping to the maintain Historic integrity of Boise’s North end. Her love for construction was obvious in her many restoration projects. As a licensed contractor, she saved over 25 homes from decline and gave them new life. This became her signature style!

See our Office

We invite you to come by our office and take a tour, meet (or reconnect with) Bonnie, and learn more about Windermere Powerhouse Group. Please join us in welcoming our new Designate Broker Bonnie Burry at burrbs@windermere.com or 208-371-7144.

Check out Designated Broker Bonnie Burry’s full bio here or visit our office at 621 S 17th Street, Boise, ID 83702. Keep up with Boise’s real estate market trends and follow us on  Facebook.  

Posted on August 6, 2019 at 3:56 pm
Windermere Powerhouse Group | Category: Careers, Market News, Real Estate Trends | Tagged , , , , ,

June 2019 Treasure Valley Market Statistics

Windermere Powerhouse Group knows how important it is to understand our real estate market and how curious everyone is to know what is going on in our community. So we’re sharing our monthly market snapshot and detailed reports of the Treasure Valley real estate market. Reports are available through the links below and our agents are always available to answer questions and provide information on specific areas you are interested in.

 

Ada Existing Homes June 2019

Ada New Construction 2019

Canyon Existing Homes June 2019

Canyon New Construction June 2019

 

Posted on July 5, 2019 at 2:25 pm
Windermere Powerhouse Group | Category: Market News, Real Estate Trends | Tagged , , ,