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Chrissy Smith
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Date Archives: May 2022

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May
16

Disc Golf Courses Near Boise

Boise Disc Golf

Think you've mastered Frisbee? Take your game up to another level. Test your aim and consistency on these enjoyable disc golf courses around Boise homes for sale

  • Ann Morrison Park - 1000 S. Americana Blvd., Boise, ID 83706
    Located alongside the Boise River, Ann Morrison Park is 153 acres of paradise for outdoor sports lovers. In addition to an 18-hole disc golf course, the park features bocce courts, horseshoe pits, an outdoor gym, tennis courts, softball diamonds, and a playground. After your round of disc golf, take Fido for a romp at Together Treasure Dog Island, an off-leash area for swimming and playing. Ann Morrison Park is open daily from sunrise to sunset.

  • Eagle Island State Park - 165 S. Eagle Island Pkwy., Eagle, ID 83616
    Eagle Island State Park is home to what has been acclaimed as one of the best disc golf courses in the state. The challenging 19-hole course is so popular that it's given rise to Welcome to the Chain Gang, a disc golf club exclusive to the park with the goal of promoting the sport. Cool off after a hot game with a trip down the waterslide or a refreshing swim. The entry fee to the park, not far from Eagle homes for sale, is $7 per vehicle, but there is no additional charge to use the disc golf course. Hours are 7 a.m. - 10 p.m. daily.

  • Osborne Park - 2830 S. Avondale Ave., Nampa, ID 83686
    Developed in 2006, Osborne Park is a delightful 11-acre green space tucked away near Nampa homes for sale. The Elijah Pathway enables visitors to take a pleasant stroll around the grounds, which include a scenic pond. Other amenities include an open play area, horseshoe pit, and BBQ area. A nine-hole disc golf course was added in 2009 to expand the available activities. Osborne Park opens 30 minutes before dawn and closes 30 minutes after dusk.

  • Mallard Park - 15200 S. 10th Ave., Caldwell, ID 83607
    If nine holes aren't enough of a challenge, head over to Mallard Park and its 18-hole disc golf course. Enthusiasts appreciate that this course is adaptable to all levels of experience and skill. The newest park by Caldwell homes for sale offers beautiful views of Lake Lowell along with a playground, basketball court, and walking paths. Hours are 6 a.m. - 11 p.m. daily.

  • Bogus Basin - 2600 N. Bogus Basin Rd., Boise, ID 83702
    Bogus Basin is the center of a multitude of outdoor activities all year long. There's skiing, snowboarding, and tubing in winter, followed by biking, hiking, and climbing in summer. While many of the activities are fee-based, the 18-hole disc golf course on Bitterroot is open to the public at no charge. Hours are sunrise to sunset daily.

  • Lucky Peak State Park - 74 Arrowrock Rd., Boise, ID 83716
    Swimming, boating, biking, and fishing are a short 10 minutes away from downtown Boise at Lucky Peak State Park. The 2,750-acre facility includes three distinct units with their own assortment of features. Sandy Point, at the past of Lucky Peak Dam, includes a large swimming area and beach with two volleyball courts and a newly-added 18-hole disc golf course. Entry fee is $7 per vehicle, with no additional charge for disc golf. Lucky Peak is open daily from sunrise to sunset, while hours at Sandy Point are 8 a.m. - 4 p.m.

Let our real estate agents help you "ace" your sale or purchase of a Boise home. Contact us at Coldwell Banker Tomlinson to get started.

May
10

Upward Climb Continues: Another Record for Ada County

From our Friends at Boise Regional REALTORS®

Ada County Home Prices Set Another Record

The median sales price for homes in Ada County reached $595,000 in April 2022, an increase of 23.9% compared to the same month last year, and a new record for the county.

Higher prices in the new construction segment played a large part in the overall price jump. New home sales made up nearly a third of all sales in April with a median sales price of $645,000, up 36.7% from last year. However, home prices rose across the board, with the median sales price for existing/resale homes reaching $570,000, a gain of 16.9% over last year. These were record highs for both segments.

Mortgage rates also rose in April, with the 30-year fixed-rate mortgage average reaching 5.1% at the end of the month, according to data from Freddie Mac. National economists have predicted that the increase in mortgage rates will eventually slow the market, but we haven't seen a price slowdown in our local sales data yet. It's important to remember that homes that closed in April likely went under contract in February and March, so we may not see the immediate impact of rates on prices for a few months. Pending sales, or those with an accepted offer that are expected to close in the next 30-60 days, may provide a better indication of how rates are affecting our market at this time.

There were 1,525 pending sales at the end of the month, a 12.1% decline from April 2021, and 815 total sales for the county in April, down 17.0% year-over-year. The existing/resale segment claimed 586 of those sales, which was a drop of 12.3% compared to last year. Higher home prices, coupled with higher mortgage rates, which results in higher monthly payments for buyers who are financing a home purchase, may be hampering sales.

Looking specifically at existing/resale sales data in April, 53.2% of buyers paid over list price, indicating that competition remained strong, particularly at the median and lower price points. While it may seem obvious, it means nearly half of all buyers did not pay over list, resulting in an average original list price received of 101.0% for existing/resale homes in April 2022, compared to 104.9% in April 2021.

Buyers may be discouraged by increasing rates and prices, but there is some good news — in April, inventory increased by 170.0% compared to the same month last year. While supply is still constrained, especially at the lower price points, more year-over-year inventory is a sign we may be seeing a shift to a more balanced market.

There is some uncertainty as to how inflation, higher mortgage rates, and other economic factors will affect the residential housing market; however, REALTORS® understand that each homeowner and buyer's situation is unique, and help their clients make decisions based on factors that are within their control.

Whether you're ready to buy today or would like to purchase within the next two, five, or even ten years, work with trusted advisors to make a plan to reach your goals. Taking important steps today, such as improving your credit, researching down payment programs, and saving for your down payment in a tax-sheltered savings account can really make a difference when you're ready to make a move.

To view the Treasure Valley homes currently for sale, CLICK HERE

May
9

Considering a Remodel? Some Tips to Get You Started

How to Choose a Contractor for Your Remodel Projects

Delta Media Group

Homeownership is an exciting time — one filled with many new possibilities and experiences. One possibility that has the potential to elevate your home to the next level is a remodel. Remodeling can transform your space into something more functional by better reflecting your lifestyle and adding value to your home. However, your dreams of the perfect renovation project can turn into a nightmare if you don't do your homework. To have a successful remodel, you need the right contractor.

It's understandable to want the best person for the job but finding that person often involves a number of factors like availability, cost, and areas of expertise. The best way to choose a remodeling contractor is to do your homework and take steps to ensure that you find an ideal match for your project.

Ask around or research

If you have a friend or neighbor who has a remodel you like in a room/area you're looking to work on, too, it can be helpful to ask them who they used. You can also ask around your network of people — i.e., friends, family, business partners, or your real estate agent—to get recommendations for remodeling contractors. Once you have a list created, make your own as well by researching resources like Google, Angie, the local Better Business Bureau, and other online places that give you the names of local companies. Weed out any contractors with consistently poor reviews or contractors that don't specialize or have experience in the space you want to remodel.

Look deeper into credentials and projects

Most contractors have a website. Take the time to look at what credentials they may have and if they are current. See if they have pictures of their work as well. You can begin to get a feel for which contractors are more your taste or that have the knowledge necessary for your remodeling project.

Interview possible contractors

The next step once you have fine-tuned your list to a few favorites is to call and schedule a time to meet and talk about the project. Consider both the phone and in-person meetings an interview. It's your chance to ask about experience, find out about their knowledge and skills, and see if you mesh. Like any job interview, you'll be able to get an overall sense of who you're getting. There are also some things you'll want to ask them or have them do, including:

  • Itemize your bid
  • Ask how long they have been in business
  • Determine who their main suppliers are and who will be in charge of the site/project
  • Find out if the pricing is an estimate or a fixed price.

Check references

Even if you've done all your online research and read all the reviews, nothing is as effective as talking with someone who has worked with your prospective contractor. You may find out things you didn't think to ask, and it can give extra assurance that you're making the right choice.

Put it in writing

The last thing you'll want to do when you've made your choice is to put it in writing. This is a great way to keep all parties on the same page and safeguarded. 

Homeownership means making the decisions; it's your house, and you get to choose who remodels it. For the best remodeling experience, by taking your time and the correct steps, you're more likely to find the right person for your project. Not only will it save you time and money, but it will also get you the home of your dreams.

May
5

Financial News from Our Partners at Idaho Central Credit Union

 

 

Mortgage Rates Steady at Long-Term Highs Ahead of Fed

MAY 3, 2022 - Mortgage rates hit their highest levels since 2009 yesterday amid the fastest spike since the early 1980s.  Today's rates were very similar on average, but the bond market left some room for mortgage lenders to offer improvements during the day.  A few of them did, but bond gains evaporated in the afternoon, resulting in rates returning back to long-term highs by the close.

As for motivations, today's volatility wasn't overtly connected to any individual root cause.  The best cases for correlation surround the big picture.  There, the obvious motivations continue to be inflation and the Fed's attempts to address it.  We'll get the latest dose of Fed strategy confirmation in tomorrow's (5/4) official policy announcement and press conference.

The Fed is widely expected to hike its policy rate by 0.50%, but it's important to understand this has nothing to do with the average mortgage.  The mortgage market adjusted for this probability long ago, and even then, mortgage rates are based on longer-term bonds whereas the Fed Funds Rate dictates loans that last less than a day.  Sometimes overnight rates and long-term rates correlate, but their performance varies so much over time that it makes no sense to infer any impact on mortgages from changes in Fed Funds.

Of more consequence will be the way the Fed implements its balance sheet normalization plans.  These are just fancy words to say the Fed will soon be buying even fewer bonds.  This bond buying has a far more direct effect on mortgage rates, but here too, the market widely expects the Fed to make this announcement tomorrow.  There are a few subtle options for the Fed to deliver the message in a way that helps or hurts rates, however.  Depending on which path the Fed chooses, rates could make bigger moves tomorrow, for better or worse.

Residential Building Continues to Dominate Construction Spending

Total construction spending continues to roar ahead of its 2021 pace, led again in March by another double-digit increase in the residential component. The U.S. Census Bureau says the investment in all types of construction was at a seasonally adjusted rate of $1.731 trillion in March, an 0.1 percent gain compared to February and up 11.7 percent year-over-year. So far in 2022, there has been a total of $376.337 billion spent, a 12.0 percent growth compared to the first three months of last year.

Spending in the private sector increased 0.2 percent from February to March at an annual rate of $1.380 trillion. The residential share of that spending rose 1.0 percent month-over-month compared to a gain of 0.7 percent in February. The annual rate in March was $88.045 billion, up 18.4 percent compared to March 2021. The non-residential component fell 1.2 percent from the prior month but is still 8.5 percent higher than in March 2021.

Na Zhao, an analyst for the National Association of Home Builders (NAHB) said the monthly growth in residential spending came from new single-family construction at $472.6 billion a 1.3 percent increase from February and 18.5 percent year over year while multifamily spending slipped 0.5 percent. Spending on home improvements also rose 1.1 percent for the month.

Zhao says NAHB's construction spending index illustrates the solid growth in single-family construction and home improvement from the second half of 2019 to February 2020, when the pandemic hit, and the quick rebound since July 2020. New multifamily construction spending has picked up the pace after a slowdown in the second half of 2019. However, he says home building is still facing supply chain issues, which means the industry is dealing with rising material costs as well as ongoing labor shortages.

Residential spending jumped by nearly $11 billion on a non-adjusted basis in March and year-to-date spending is up 18.8 percent from last year. The gains were again disproportionally in single-family building, up 19.8 percent during the first three months of 2022 while there has been only 5.0 percent growth in multifamily construction spending.

Public sector spending slowed 0.2 percent from February to an annual rate of $350.816 billion, a 1.7 percent annual increase. YTD spending is up 0.7 percent compared to 2021.

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We understand that no two paths to buying a home are the same. Whether you're a first-time homebuyer or a seasoned real estate mogul, we have a variety of products and loans designed specifically to meet your needs. We offer local underwriting and fast approvals to save you time and money. We have options for down payments and additional resources like our Finally Home! online program to help guide you through the home buying process. Contact one of our home loan specialists to discuss your options today!

 

May
2

Idaho Grown: Boise Wineries and Shops

Boise Shops

When you're looking at Boise homes for sale, there's a lot to take in. The beautiful neighborhoods, strong local economy, and terrific dining will keep your calendar full. But there's one untold story of Idaho that's only just starting to get attention: Its vibrant local wine scene.

Our real estate agents are proud to share that after many years of hard work, the Boise Valley area has recently received its wine appellation designation. This means Boise Valley joins the Napa Valley and a host of other world-famous locales in being a legally determined and protected wine region.

Such a designation can only be conferred when recognized wine experts determine the flavor of the local wine grapes is truly distinct and unique to the area's soil. This has led to an explosion of dryer vintages in the Boise Valley, while sweeter vintages incorporate quality grapes from elsewhere.

However you look at it, Boise's wine scene is on its way to a whole new level!

And there are plenty of ways to enjoy it right now with Boise wineries and shops selling the fantastic locally made wine:

  • Cinder Wines – 107 East 44th Street, Garden City, ID 83714
    Dedicated to the prospect that the Snake River Valley will be "America's Next Great Wine Region," Cinder Wines welcomes reservations or walk-ins at its tasting room. Named for the volcanic cinder beneath many local vineyards, it is perhaps best known for its "Queen of White Wines." It's one of a dazzling assortment of quality wine shops near Garden City homes for sale.

  • Telaya Wine Co – 240 East 32nd Street, Garden City, ID 83714
    Telaya Wine Co will energize you with a variety of seating options (patio and inside) and its handcrafted selection of Idaho and Washington wines. From a humble beginning of just 50 cases back in 2008, it is now one of the names to watch in Boise wines.

  • Hat Ranch Winery – 15343 Plum Road, Caldwell, ID 83607
    Hat Ranch Winery is a producer of classic Idaho wines such as cabernet sauvignon, chardonnay, dry Moscato, and many more. House vintages dating back to 2018 are still available for both visitors and online orders. Established in 2011, Hat Ranch is now cheered for its monthly wine club.

  • Sunnyslope Wine Trail – 106 South Kimball Avenue, Caldwell, ID, 83605
    Sunnyslope Wine Trail is an opportunity to launch a journey into Idaho wine country just minutes from Caldwell homes for sale. Those who embark on the trail will have the opportunity to sample the wares of more than a dozen wineries located in Caldwell and the nearby towns of Sunnyslope and Kuna.

  • Huston Vineyards – 16473 Chicken Dinner Road, Caldwell, ID 83607
    Open all year long for visitors from near and far, Huston Vineyards is the vision of owners Mary and Gregg Alger. It is well-loved for its handcrafted wine varietals and its many events – such as World Malbec Day, "Farm to Table" dining specials, and the Barrel Tasting Weekend.

  • 3100 Cellars – 240 East 32nd Street, Garden City, ID 83714
    3100 Cellars has been praised by visitors for both its incredible wines and its idyllic setting. One of the newer names on the Boise wine scene, 3100 benefits from all-new facilities that are a delight to see up close. Its sparkling wines are "a tribute" to the 3,100 miles of whitewater throughout its home state.

Just like the wine from its region, Boise is truly one-of-a-kind. Contact us to find out more about what Boise has to offer.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 12/03/2022. The listing information on this page last changed on 12/03/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of INTERMOUNTAIN MLS (last updated Sat 12/03/2022 12:03:54 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Tomlinson may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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