July 25, 2018 Analytics Chart Class at Title One in Meridian 2pm-4pm

6 06 2018

PREREGISTRATION

  1. Bishop, Scott      KW
  2. Blanco, Yuri      RE/Max Executives
  3. Bruner, Kyle      RE/MAX West
  4. Burchfield, Darrell      Downs
  5. Burchfield, Laurie      Downs
  6. Burroughs, Tim      EXP
  7. Caporale, Steven      Accel
  8. Chamness, Jason      Silvercreek
  9. Choudeck, Debbie      Gold Star
  10. DiMattio, Ricky Woyak
  11. Dodge, Tressa      Woodhouse
  12. Emery, John      Silvercreek
  13. Enrico, Andy      Andy Enrico
  14. Hancock, Deanna      Genesis
  15. Kailer, Mark      Silvercreek
  16. McCauley, Todd      Century 21 Eagle Rock
  17. McFarland, Don      Re/Max West
  18. Meloy, Susan      Group One Boise
  19. Minegar, Ron      Accel
  20. Naylor, Burma      Silvercreek
  21. Nussbaum, Gail      Coldwell Banker Tomlinson
  22. Re, Bill      Silvercreek
  23. Rudolph, Krista      Genesis
  24. Smith, Sheila      RE/MAX Capital City
  25. Talbert, Pat     Woyak
  26. Weber, Jonna      Silvercreek

 

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July 25, 2018 “Stats 101” Class at Title One in Meridian. 12:30pm – 1:45pm

6 06 2018

Blanco, Yuri     ReMax Executives

Bruner, Kyle     RE?MAX West

Burroughs, Tim     EXP

Caporale, Steven     Accel

DiMattio, Ricky     Woyak

Dodge, Tressa     Woodhouse

Hancock, Deanna     Genesis

Rudolph, Krista     Genesis

Smith, Sheila     RE/MAX Capital City

Weber, Jonna     Silvercreek

Zweigle, Jason     Silvercreek

Zweigle, Krisy     Silvercreek





Treasure Valley Real Estate Market Update – February 2018

7 02 2018
Save the Date:  Wednesday, July 25 Chart Classes at Title One in Meridian.
Headline:  January Market Takes Off like a ROCKET!
Current Month’s Chart Access:
 1.  Select “Webb Charts” tab on the top strip, then “log in to Webb Charts.”  Username always stays the same but the password changes monthly on or about the 6 – 8th.
 2.  Username: jerewebb
 3.  Password: 
 4.  You may then choose to download one of 3 PDF file options.
 
 
Color Code:  This is the Title Background so you won’t miss it!
Blue = Buyers Only
Silver = Sellers Only
Yellow = Both
 
  January 2018 Inside Scoop – Ada County
If you like to keep score 12 vs. 4 :o)
(I am only counting an item as “Positive” if the first part is in bold)
Positive News in in Bold
 
1.  Sales are down 26% from last month, 11% UP from this same month last year.  Strong Close for the year  Chart A3 
 
2.  Pending sales are UP 15% from last month, UP 34% from a year ago. Chart A47, A48, & A49.
 
3.  The dollar volume was down 23% from last month and 35% up from this same month last year.  Chart A5  
 
4.  Year to date sales units UP 11% from a year ago Chart A4.  The year to date dollar volume is 35% higher this year.  Wow!!!.  Chart A6.  
 
5.  New Construction Median price up 3% this month – and a 18% Increase from this same month last year.  Big swings in new construction stats since we are dealing with such small numbers of houses sold!  Chart A9
 
6.  Resale Median UP 1% this month – and a 15% increase from this same month last year.  Record low 01/11 at $126,500.  Chart A12.
 
7.  Resale Affordability Unchanged– now 23%.  Jan. 2005 when I started tracking Affordability it took 18% of a median income to buy a median priced resale home at the then current Freddie Mac interest rate PITI.  06/06 was the high (most Unaffordable!) at 29%  Record for the most “affordable month” 01/12 at 13%.  Interest Rates have climber 27 basis points in just the last month! Charts A39, A40, and A41.
 
8.  Inventory is down 17% from last month and 14% lower than last year at this time.  This a NEW RECORD LOW since I have started tracking in 1999!  Charts A16 & A17
 
9.  New Construction inventory Down– 761 from 840 last month.  Last year at this time there were 816 new homes for sale.  Record high 09/06 at 1890!  Record low  06/13 at 494 but it has surged up since then.  I have only been tracking it since January of 2005; so 6/13 is at least a 9 year low for New Construction inventory in Ada County! Chart A19
 
10.  Resale inventory is Down. – 424 from 582 last month.   Last year at this time there were 555 resale homes for sale!!!.  July 2008 was the all time record high at 3920!   January 2018 is the NEW LOW Point in resale inventory at 424.  This is at least an 18 Year Low!  Good News for Builders!  Lack of inventory is forcing more new construction activity.  Chart A21
———————————–
To get the complete “inside Scoop” along with full access to over 100 charts published monthly, go to jerewebb.com and become a subscriber!
 




Webb Charts Class – January 17, 2018

19 12 2017

Title One – Meridian  2-4pm

Current Registration List:  (Updated 1.16.18)

  1. Alexander, Liz     John L Scott
  2. Arnadottir, Hafdis   Coldwell Banker
  3. Barela, Diana     Silverhawk
  4. Bruner, Kyle     Re/Max West
  5. Busby, Al     Coldwell Banker
  6. Cady, Bill   Today’s
  7. Choudeck, Debbie   Gold Star
  8. DiMattio, Ricky     Woyak
  9. Dobbs, Reg     Re/Max Executives
  10. Dusenbury, Randall   Atova
  11. Ellis, Karen   Coldwell Banker
  12. Enrico, Andy     Andy Enrico
  13. Fitzsimmons, Tom     Preview of Homes
  14. Gussie, Karen     Client
  15. Humphrey, Darrell     Silvercreek
  16. Jordan, Patty     Brandt
  17. King, Seth     Title One
  18. Knoeller, Holly   Better Homes & Gardens
  19. Kuzmack, Thorey   Accel
  20. LaBour, Heather     Client
  21. Langley, Angel     Silvercreek
  22. McChristy, Patrick     Silvercreek
  23. McFarland, Don     Re/Max West
  24. Mock, Laurie   Silvercreek
  25. Munson, Mary   Authority
  26. Nielsen, David     Silvercreek
  27. Nussbaum, Gail     Coldwell Banker
  28. Oliver, Julie     Keller Williams
  29. Pitron, Georgie     Better Homes and Gardens
  30. Re, Bill     Silvercreek
  31. Rogan, Joe     Re/Max West
  32. Rogan, Sherry     Re/Max West
  33. Rudolph, Krista     Genesis
  34. Talbert, Pat     Woyak
  35. Thompson, Sean     Silvercreek
  36. Ward, Mikel   Group One
  37. Zehner, Monique   Atova

 





Stats 101 Class – January 17, 2018

19 12 2017

Title One – Meridian  12:30 – 1:45pm

Current Registration List:  (updated 1.15.18)

  1. Abel, Justin     208
  2. Brewer, Francis     Silvercreek
  3. Brown, Michael     Available
  4. Bruner, Kyle     Re/Max West
  5. Butler, Sandy     Homes of Idaho
  6. Choudeck, Debbie   Gold Star
  7. DiMattio, Ricky   Woyak
  8. Dyer, Dianne     Better Homes and Gardens
  9. Goodrich, Hana     Silvercreek
  10. Gussie, Karen     Client
  11. Hosbein, Liz     Homes of Idaho
  12. Humphrey, Darrell   Silvercreek
  13. Jordan, Patty     Brandt
  14. Kraemer, Teresa     Homes of Idaho
  15. Kuzmack, Thorey   Accel
  16. LaBour, Heather     Client
  17. Luckow, Karla     Dreamcatcher
  18. McChristy, Patrick     Silvercreek
  19. McKenzie, Tami   Equity Northwest
  20. Mock, Laurie   Silvercreek
  21. Oliver, Julie     Keller Williams
  22. Pyles, Ward     Homes of Idaho
  23. Snell, Debbie     Gold Star
  24. Stockman, Stephanie     Homes of Idaho
  25. Wickham, Debbie     Boise Premier

 





Webb Chart Classes – January 17, 2018

6 12 2017

Wednesday, January 17 Chart Classes at Title One in Meridian.

12:30pm – Stats 101 – NOT for experienced Chart users – Free to all

2-4pm – Regular Chart Class – “A Quick Look at 2017 in Perspective – and Planning for 2018” – Tuition $50 FREE for Chart Subscribers

Reserve your spot at http://www.jerewebb.com





Real Estate Market Update

27 09 2017
AUGUST 2017 Inside Scoop – Ada County
If you like to keep score 13 vs. 3 :o)
(I am only counting an item as “Positive” if the first part is in bold)
Positive News in in Bold
 
1.  Sales are UP 6% from last month, 13% UP from this same month last year.  Chart A3 
 
2.  Pending sales are down 4% from last month, UP 12% from a year ago. Chart A47, A48, & A49.
 
3.  The dollar volume was UP 8% from last month and 23% up from this same month last year.  Chart A5  
 
4.  Year to date sales units UP 1% from a year ago Chart A4.  The year to date dollar volume is 10% higher this year.  More price increases are ahead for 2017. . . .  perhaps a 6-7% increase in median resale for 2017 over 2016.  Chart A6.  
 
5.  New Construction Median price UP 6% this month – and an 8% Increase from this same month last year.  Big swings in new construction stats since we are dealing with such small numbers of houses sold!  Chart A9
 
6.  Resale Median UP  2% this month – and a 10% increase from this same month last year.  Record low 01/11 at $126,500.  Chart A12.
 
7.  Resale Affordability Unchanged now 23%.  Jan. 2005 when I started tracking Affordability it took 18% of a median income to buy a median priced resale home at the then current Freddie Mac interest rate PITI.  06/06 was the high (most Unaffordable!) at 29%  Record for the most “affordable month” 01/12 at 13%.  Interest Rates continue at record lows but have gone from 3.47% to 4.20% just since the election. .now in May falling back to 4.01%, June 3.9% .Charts A39, A40, and A41.
 
8.  Inventory is down 1% from last month and 12% lower than last year at this time.  This is a very significant number.  Watch this, if it stays this much below last year’s levels price increases will heat up even more.  Charts A16 & A17
 
9.  New Construction inventory Down– 711 from 724 last month.  Last year at this time there were 749 new homes for sale.  Record high 09/06 at 1890!  Record low  06/13 at 494 but it has surged up since then.  I have only been tracking it since January of 2005; so 6/13 is at least a 9 year low for New Construction inventory in Ada County! Chart A19
 
10.  Resale inventory is Down. – 1226 from 1228 last month.   Last year at this time there were 1440 resale homes for sale!!!.  July 2008 was the all time record high at 3920!   January 2017 is the NEW LOW Point in resale inventory at 555.  This is at least a 17 Year Low!  Good News for Builders!  Lack of inventory is forcing more new construction activity.  Chart A21
 
11.  Single Month Measurement of Inventory Supply is Down.  This month’s 1.7 from 1.8 month’s of inventory last month.  This is a calculation of single month snaps – inventory for a particular month divided by that month’s sales – no averaging.  January 2009 set the all time new record high at 16.7 months of inventory.  NEW Record low – 06/17 at 1.6!  Chart A26.
 
12.  Two Month Rolling Average of Inventory Supply is unchanged.  Keep an eye on chart A28, especially the county wide number that I have put in bold!  This correlates the number of buyers with the available inventory using a “2 month rolling average” to calculate the sales.    This month’s 1.7 from 1.7 last month.  This is a critical benchmark number.  Last year at this time it was 2.0.  Chart A28
 
13.  New Construction Two Month Rolling Average of Inventory Supply is up.  Selling odds, using a “2 month rolling average” for sales is 3.1 from 2.9 last month.  February 2009 set a record high of 17.3 months of inventory. Last year at this time there was a 3.7 month inventory supply.  September 2005 was the peak of the seller’s market at 1.3.  Charts A30
14.  Resale Two Month Rolling Average of Inventory Supply is unchanged.  Selling odds, using a “2 month rolling average” for sales is 1.4 from 1.4 last month.  February 2009 set a record high of 15.6. Last year at this time there were 1.7 months of resale inventory.  July 2005 was the peak of the seller’s market at .9.  Charts A32
 
15.  Final Sales Discount is unchanged.  From the last asking price to final sales price,  0.3% from 0.3% last month.  Record low – 05/17 0.2%.  Last year at this time it was 0.7%.  Chart 43
 
16.  Future Business Forecast is below 100%.  A54.  93%  – so closings next month will be below this month’s level.  Last year at this time it was 94%.