Lochsa home gets an extra $15,000 as the real estate market starts to defrost

Greetings all in the Falls!
 
Here is your March News. So much great stuff your head will spin.
 
In this month’s newsletter:
  • The big real estate defrost
  • Promising news for buyers
  • Meridian sales prices back up 
  • Taking advantage of a unique trend
  • Rentals
  • Open Houses
  • What does “show ready” mean?
  • A Lochsa Falls example of how to get $15,000 more for your house
  • Annual HOA Meeting
  • Trash, treasure or both? Plus unlimited garbage removal.
  • Avoiding the Seven Seller Sins
  • Your feedback is needed!

It’s about to get active around here.

Things are defrosting. And while we can expect another cold front to come through, we can also expect a lot of housing activity in Lochsa Falls over the next two months.
 
Historically, March and April are the second and third most active months for new listings each year. Don’t be surprised to see 15-20 new homes hit the market in the next 60 days.
 
This is promising news for buyers, who have been battling a decline of inventory in Lochsa Falls since October.
 
Overall, Lochsa is still in a seller’s market with less than a month of inventory. Potential sellers also got some good feedback as the city of Meridian saw the average and median sales price jump back up to November 2018 levels. The average days on market in Meridian continued to get longer for the 6th straight month going back to last August.
 
[[ Click here to view the homes ]]

What does this mean?

Here is what I’m seeing and hearing.
Seasonality is a reality and there will be more homes hitting the market this month.
 
But here is where it gets interesting. It seems like buyers are inquiring about homes earlier this year. I am basing this on data about web visits on sites like Zillow and then validating my suspicions with other agents.
 
I recently sent a letter to some of my customers about taking advantage of this trend. If you own a home and are thinking about selling, it could be to your advantage to consider listing a little earlier than you were planning.
 
If you have questions on this or would like a further explanation, give me a call at 208-830-7115. I’m happy to go over the details.

Rentals available

If you are looking for more details on these, just let me know (vince@ amherstlegacy.com or 208-830-7115)
  • 1851 W Glade Creek: They are asking $1,595 for the 1,632sf home with 3 beds and 2 baths.
  • 2279 W Rattlesnake Drive. They are asking $2,095 for the 3,200sf home with 4 bedrooms and 2.5 baths and parking for 3 vehicles. This is the second month in a row with a price drop.
If you have a rental property that you would like to share, let me know. I’m happy to spread the word!
 
If you would like to read last month’s Neighborhood News, click here.

Open Houses

There are two open houses currently scheduled in Lochsa Falls.
Saturday, 1-4 PM, 2083 Boulder Bar
Sunday, 1-4 PM, 2083 Boulder Bar
 
There are four homes currently available for sale. You can view them all by clicking here. If you would like a tour, just let me know.

Definitions

Bringing some clarity to the terms real estate agents toss around like confetti.
 
“Show Ready” – This term refers to a home being in the best possible condition when being viewed by potential buyers. Getting your home show ready and having it show ready at a moment’s notice can be tough. Here are some pointers on how to get it there and keep it there. Click here to read more.

What Else is Going On?

Lochsa Falls Annual HOA Meeting – March 19, 2019, 6:00 PM at Willow Creek Elementary School. 
Lochsa Falls Event Committee – if you want to get involved in the Lochsa Falls Event Planning Committee, contact Tiffany Wheeler. You can view her profile on Facebook by clicking here.
Trash or Treasure – You know how the saying goes. May 4 and 5 it is literally happening. Check out this post from the City of Meridian on how to make your throw away someone’s day! Click here for details.
Trash or Treasure #Fail – OK, so maybe your trash was simply someone else’s trash and didn’t get taken. Not to fear. Unlimited trash days are here May 6-11 as Republic Services Spring Clean-Up will take anything you can throw at them (please don’t actually throw anything at them) – Click here for details.
 
Do staging and home preparation really make a difference? Here is an example from right here in Lochsa Falls. This home on Teekem Falls was listed in two different ways. Click here to see the before and after listings. The first one was on the market for 6 months and listed at $414,900. The second listing went pending in 4 days at $429,900!
 
The Seven Seller Sins points out common mistakes and then helps you fix them. If you are interested, I just created my first educational email series about selling your home. The information is valuable. And I’d love your feedback. Click here to receive the email series and learn more about helpful tips to sell your home faster and for more money!

3 More Articles Worth Reading

Boise ranked #1 top place to live by Livability – click here
 
Foothills to expand – click here
 
The market will tell you when your home’s price it too high – click here

The journey to improvement is through feedback

Every now and then, I think it is good to step back and see how things are going. Sometimes, how things are going can be hard to see.
 
I’d love to hear what you think about the Neighborhood News. Is it something you enjoy or get value from? Is there something else that it could be doing that would make it better?
 
I publish this newsletter each month for you. But I am not you so I don’t truly know what you want. That is why your feedback is so important to me! The best way to contact me through email at vince @amherstlegacy.com but I can also be reached via text or phone calls at 208-830-7115.
 
I look forward to hearing from you!

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