FEBRUARY 2013 MARKET PERSPECTIVE FOR BOISE ID

6 03 2013

As I look at the February Ada County numbers I see a lot of positive:

  1. Healthiest market in terms of Equity Inventory and Equity Sales since September 2008 except for a brief burst in August & September of 2012.
  2. Best February sales month in terms of units closed in 6 years – have to go back to 2007 to find a higher February.
  3. Sales $ volume up 20% over a year ago, unit volume up 4% – can you say “higher prices!”
  4. Median resale equity pricing so far this year is 5% higher than the equity median pricing for 2012.
  5. Looking at the 2 month rolling average for supply this February tops out lower than recent years so another sign that the market is moving in the right direction – 4.1 months of supply vs. 4.6 last year.  New construction is 6.1 vs. 7.9 last year.  Resale is 3.5 vs. 4.0 last year.

One cautionary note that I see buried deep in the numbers is this:  the “future business forecast number” is not as strong at this point as it has been in the past.

  • 2010 – 145%
  • 2011 – 133%
  • 2012 – 143%
  • 2013 – 125%

This is a calculation that predicts closing levels in the next 30-60 days based upon new business written, pending levels, etc.

For more information contact Jere Webb at 208.861.2222.  Or by email at jw@jerewebb.com

http://www.jerewebb.com

 

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FRIDAY 7/19/13 CHART CLASS 9AM-NOON AT TITLE ONE MERIDIAN

6 03 2013
Alexander, Liz   John L. Scott
Ames, MG   Coldwell Banker
Borgman, Russ   Coldwell Banker
Borgman, Sunny   Coldwell Banker
Bragg, Charlene   Group One
Burchfield, Darrell   Coldwell Banker
Burchfield, Laurie     Coldwell Banker
Busby, Al    Coldwell Banker
Coulter, Marcia   Coldwell Banker
Covault, Mary   Silvercreek
Crace, Judit   Boise Premier
Delbridge, Faye   Trust
Dobbs, Reg   Coldwell Banker
Downs, Debi   Downs
Ellis, Karen   Coldwell Banker
Enrico, Andy     Andy Enrico
Evans, Rhenda     Coldwell Banker
Fackler, Al     Silvercreek
Free, Scott   Brandt
Hendricksen, Guy     Coldwell Banker
Hill, Lee   Group One
Hudson, Paul   coldwell Banker
Ipaye, Linda   Real Estate Shop
Jantzsch, Darren   Silvercreek
Knight, Tom   Coldwell Banker
Larsen, Rick   Keller Williams
McCauley, Todd   Eagle Rock Properties
McDonough, Lonni     Coldwell Banker
Nielsen, David   Silvercreek
O’Hara, Bonnie     Coldwell Banker
O’Hara, Kevin   Coldwell Banker
Pipkin, Chet   Downs
Purvis, Jim   John L. Scott
Re, Bill     Silvercreek
Reed, Kathleen   Coldwell Banker
Rogan, Joe   ReMax
Rogan, Sherry   ReMax
Roper, Bill   Idaho Properties
Stiehl, Georgia   Silvercreek
Thurber, Rick   Coldwell Banker
Tracy, Shaun     ReMax of Boise
Whalen, Adrianne Coldwell Banker
Yorgason, Dave   Coldwell Banker
“7X Pricing and Marketing System” What is it?
“7X Pricing & Marketing System” – copyright ©  2012 Jere Webb
This Marketing Template utilizes all 7 “Cross fixes” and is available to agents for $299 if you sign in blood not to share it with anyone else!!!  The $299 also includes training.  Thanks to Guy Hendrickson and Misty Burns for helping me to “automate” input from Paragon for this!
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