The 2023 Real Estate Housing Market
Data from the end of 2022 have arrived! What happened in 2022 real estate market and where do we the market is going this year? Watch to hear our 2023 real estate market predictions!
Looking for information specific to your area and nearby counties in the Treasure Valley?
What you’re hearing is true…There is a correction/shift happening in the housing market.
This is what homebuyers have been hoping for!
BUYERS: Instead of paying well over list price and competing against multiple offers, your interest rate will be higher. You might be paying more per month than the historically low interest rates that were available a few months back, but your total cost of ownership over the term of your loan is down. If you can’t seem to make the payments work with the 30 year fixed loans, seriously consider a 7-year adjustable rate mortgage. Data shows most people are not even living in their homes longer than 5 years these days
SELLERS: You have an appreciating asset which is the best hedge against inflation. Instead of appreciating at record levels of 20% or more, it will appreciate at a normal rate of 3-5%. If you are selling your home, it’s CRITICAL that it is being presented and marketed in a way that stands out among the rest. Also, your pricing strategy is more important right now than it has been in a very long time. Real estate is the best place to have your money with high inflation. Don’t let the news influence you. Curious how this impacts you regarding your specific situation? Please reach out with any questions you may have!
Contact us at 208.391.5117 or email us at email@example.com
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Who is Own Boise?
At Own Boise, our mission is to ‘Own Where You Live’, which is more than owning real estate although we love that people do! We believe that in order to own where you live, you must be involved in the community. That involvement can come in many different ways. Donating time, money, volunteering, teaching, coaching, leading or simply just showing up.
Our team currently consists of 19 full time team members working for you. In 2022, Own Boise was recognized as one of “2021’s Best Real Estate Teams in Idaho” by Real Trends and “Diamond Level Team” by Boise Regional Realtors for selling over $77 million in volume.
In 2021, the average agent sold 3.6 homes whereas Own Boise sold 164. Our team sells 45X more homes than the average agent. We sell 90% of the homes we list whereas the average agent sells 83%. We average 7 days on the market whereas our competitor averages at 16 days, meaning we sell homes more than twice as fast. Finally, our original list price vs. sold price is 101.8% compared to the average agent’s 86.2%. Which means we get our sellers 15.6% more money, or $89,734 their pockets based on the average sold price of $575,218.