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CDA Real Estate Update May 2016

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CDA Real Estate Update May 2016

CDA Real Estate UpdateOur real estate market is booming! Many first time home buyers are moving in to the area, and it is putting some severe strain on our local housing markets. Coeur d’Alene, Hayden, and Post Falls housing prices are steadily increasing as we get into the middle of “real estate” season. Across the board home values have moved up by a few percentage points!

As Realtors, we have seen more buyers then ever looking to get into homes! Searches for homes between 225-279k have increased by over 30% since the start of the year. Also, people are upgrading homes in amazing numbers. We’re talking the people that bought starter homes 2-5 years ago. They are moving into the mid priced (300-425k) houses they use to dream about! With all the upward momentum, we should expect this home purchasing trend to continue into the foreseeable future! If you have recently considered selling your home NOW IS THE TIME! We have recently added more members to our team to handle our incredible amount of buyer traffic. The Pehr Black Super Team NEEDS YOU! We’re having unprecedented amounts of buyers looking for YOUR home. Here are a few things to keep in mind:

  1. Home Prices have never in our history been higher!CDA Real Estate Update

  2. Homes are listed (on the MLS) for 20% less time then the last 5 years!

  3. More people are moving to Coeur d’Alene then Boise!

  4. Coeur d’Alene, Hayden, Post Falls, and Spokane are all adding jobs at twice the normal rate for Idaho state!

There really has never been a better time to sell! The Pehr Black Super Team has recently been contacting every home owner in Coeur d’Alene with free information about your home’s updated value. If you would like to request a free comparative market analysis, please email us today! We also provide the most accurate online home valuation tool for your convenience.  We are ready to help at a moments notice. Don’t miss out on this amazing opportunity!

This has been the CDA Real Estate Update  for May 2016.

Pehr Black out!

Fast Offers Win in the Northern Idaho Market

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Fast Offers Win in the Northern Idaho Market

Buying a Northern Idaho Home? Search all Homes for Sale
Selling a Northern Idaho Home? Check out our FREE Home Value Report

Should you wait to make an offer when a new listing hits the market in Northern Idaho? Heck no!

One of the reasons we say that is because a lot of times when a home is priced right and it’s a good deal on the market, it’s not on there very long. If your offer isn’t in with the first few, it’s brushed under the table and you won’t get a chance at the home.

That being said, you should still use caution when putting an offer on a home, because it’s a big life investment. You should know the maximum amount you’re willing to spend beforehand. Also know that you’ll do a home inspection to make sure the purchase is a good deal for you. You just want to get your offer in as soon as possible.

Fast Offers Win

It’s important to know your market, and that’s what we’re here to help with. We can tell you if something is a good deal or if it doesn’t fit your needs. If we can help you with any questions, reach out with a call, text or email. We look forward to working with you!

Super Hot Selling Tips: Exterior Home Staging

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This weeks super hot selling tip is a doozy on exterior home staging! If you often read my blog, you know that 95% of the work for selling your home is done by your Realtor. They do marketing, buyer contact, showing, etc…the list practically never ends. One of the most influential things to do as a seller is proper home staging.

Exterior Home staging is basically what it sounds like: how to best set up your home exterior for the best first impression. There are a few pointers that I want to give you that make the biggest impact on how your home will amaze buyers!

  1. Mowing and Trimming. I think we all know this, but you would be shocked how many people choose to ignore simple lawn care!home staging When a buyer comes to your house, they are looking for their dream home, and that home comes straight out of hollywood with perfectly coifed lawn and landscape! Cater to them, and make your lawn look beautiful. You only get one chance to set a first impression, so set an amazing one! Also (while I’m at it) get a nice new “welcome” doormat.
  2. Potted Plants. Seriously, I almost didn’t write this down, but it absolutely applies. Buy a few plants for the walkway/entry to your home. It creates a pleasant and welcome atmosphere for the home.
  3. Outdoor Maintenance 2.0.  Back to first impressions. When selling, the exterior condition of your home is hugely important. Depending on your home value it is absolutely worth the cost to power wash your driveway, sidewalk, and home exterior. An exterior paint job can oftentimes pay for itself as well, depending on your specific home. Last thing: CLEAN OUT THE GUTTERS! Little changes make huge differences, and in this case the difference is more cash!
  4. Outdoor Lighting. exterior home stagingOftentimes when a buyer is really interested in your house, they will stop by at different times of the day and night (creating that dreamlike atmosphere we all get when looking at new houses). Make sure your outdoor lights are all in working condition, and replace any broken ones. It will pick up the look of the place for potential night visitors!

Thats it for this week! By implementing a few of these suggestions, we can price your home even more competitively! The cost to value curve is extremely skewed to the sellers advantage! Exterior home staging will put thousands more in your pocket, so don’t skimp!

Pehr Black Out!

Coeur d’Alene is the new Boise!

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Coeur d’Alene is the new Boise in Idaho state. Lets review the facts!

About ten years ago, Boise was ranked one of the nations hottest growing technology centers. Tech gurus flocked to the area because real estate was incredibly affordable, and Boise had the space to grow into a tech Mecca! In terms of state demographics, Boise started booming in population and all was well in the world.Coeur d'Alene is the new Boise! But there is a fundamental problem with Boise (if you have ever been there): the weather is hot, the landscape is flat, and theres no natural beauty. The “new way to work” movement has created highly talented young people that naturally flock to tech companies, and they also require “perks.” One of these perks is a beautiful place to live! Coeur d’Alene has long been a unique vacation stop for the United States. We get thousands upon thousands of summer visitors every year! For a long time we (the residents) have been able to keep our great city a secret, but its starting to get out! Coeur d’Alene offers to many opportunities for young tech workers to ignore, and we are starting to see a transition in the real estate market.

Coeur d'Alene is the new Boise!

Coeur d’Alene Area

Every year, there are millions of studies done on virtually every subject you can imagine. In real estate, the Pehr Black Super Team keeps our ear to the ground! This technology movement is going to rapidly start to increase in the next few years as more and more millennials move in to the area! Kootenai county is very spread out, but with a brief read of the CDA Press its easy to follow the growth trends in real estate. What does it mean for us? More completive market space, less home inventory, and better return on your housing investment.

Keeping focused on our Real estate trends is part of what we do differently. We are deeply concerned with getting  our sellers and buyers the best deals possible. If you are looking to buy or sell now is the time! Our area is about to grow faster then ever before, and we want to ride the tide to selling success!

Coeur d’Alene is the new Boise? Its only the beginning!

The Active Market Suits Buyers and Sellers in Northern Idaho!

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The Active Market Suits Buyers and Sellers in Northern Idaho!

 

Buying a Northern Idaho Home? Search all Homes for Sale
Selling a Northern Idaho Home? Check out our FREE Home Value Report

The active market has created some excitement in the first quarter in Northern Idaho’s real estate market that you might be interested in.

As a real estate community, we’ve sold 1,116 properties in the first quarter, which is a full 7% higher than last year. We’re expected to sell more than 5,000 properties this year. The banks are still lending, and the interest rates are still incredible. For that reason, it’s a healthy time to both buy and sell.

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It’s not just a buyer’s market or a seller’s market – we’re calling it an active market. We’re expecting our second quarter to be very strong, and the second quarter is always the biggest of any year.

If you’re interested in finding out what your house can sell for in this prime selling season, give me a call or send me an email. If you’re interested in buying, give us a call or send us an email, too. We look forward to helping you!

Super Hot Selling Tips: Market Awareness

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This week’s super hot selling tips cover market awareness!super hot selling tips: market awareness

One of the factors my team and I pay close attention to is market awareness. Knowing upwards and downwards trends in the real estate market allows us to ensure our buyers and sellers get the best deals! When the market downtrends, it becomes more competitive for buyers and our home inventory typically declines. When the downtrend bottoms out, our inventory restrictions allow sellers to make more money and improve our housing stock. Like Wall Street, the housing market has natural up and down trends that we use to our advantage!

super hot selling tips: market awarenessAnother aspect of market awareness is differentiation. It’s what the Pehr Black Super Team does to distinguish ourselves from the competition! After painstakingly identifying market up and down trends, we use amplify our marketing strategy for both sides of the trend. This connects us with more motivated buyers and sellers connected to our researched trends. Market awareness does get overly complicated, and is hard to track. It comes down to the choice of individual Realtor. Most Realtors, don’t take the time to research our current market. When your home gets priced, you typically don’t have an explanation on market trends. Finding a Realtor who values market research is one of the secrets to getting more money for your home, or paying less for a new home!

The Pehr Black Super Team invests tons of time, money, and experience in identifying the best ways and times to list your home, or buy your new home. When looking for a Realtor ask questions! We are not all created equal, and you need to make sure you get your money’s worth! If you have any questions, and would like to work with “the hardest working man in real estate” feel free to contact me or my staff. We look forward to helping you on your real estate adventure!

Pehr Black Out!

 

Great Spring Events!

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In Coeur d’Alene, we have a ton of great spring events! Winter finally removes its cold grip from the landscape, and we can look forward to warmer weather! With the rising temperature, our fair city begins to awaken from the thaw as well! There are tons of cool events coming up shortly that are worth checking out. I will just mention my favorites, and leave further discovery to you!

  1. The Downtown Farmer’s Market starts the second week of May. Known for it’s incredible variety of spring veggies, the market is a treasure trove of home grown (and baked, fried, and in general tastified) delicacies. A must stop for any local or vacationer, your going to love the market.9ab1c98d8b3281dff8941129c9003097 It is hosted on the second and fourth Wednesdays of each month, and Saturdays. Don’t miss it!
  2. CDA Resort and Casino Events. There are to many great names to list, but the Coeur d’Alene Casino goes crazy this time of year! Chock full of awesome performances, check their calendar for a full list of events.
  3. The CDA Marathon. Marathons and half-marathons have drawn increasingly larger crowds in recent years. Our local marathon has become a powerhouse of activity for individuals looking to burn a few extra calories. Spread across several of our more gorgeous neighborhoods, the CDA Marathon is a super fun event for the whole family.
  4. Coeur d’Alene City Park Concerts.city park 1.preview The City of Coeur d’Alene puts on free concerts all summer long and invites everyone to come! Known for exceptional (even unbelievable) quality for a park concert, these outings are a great hit with our area families. The Concerts take part almost every Sunday afternoon, and are highly recommended by anyone that has been there! Check it out!
  5. The Coeur d’Alene Murder Mystery Series. Each year, a very dedicated group of talented individuals produce the Murder Mystery Series! Designed to be family friendly, the murders are an absolute blast! Having gone several times ourselves, we know you will love the trip, and the mystery will keep you guessing until the very end!

While Coeur d’Alene is jam packed with great spring events, these are a few of our favorites. If you’re looking for additional activities, make sure and check out the community calendar and the Chamber of Commerce. Both are great resources for our community, and won’t steer you wrong.

Enjoy the springtime!

~The Pehr Black Super Team

What’s the Condo Market Like?

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What Does The Condo Market Look Like?

Buying a Northern Idaho Home? Search all Homes for Sale
Selling a Northern Idaho Home? Check out our FREE Home Value Report

Today, we’re going to discuss our sizzling hot condo market in Northern Idaho! Why is this market doing so well right now? Here’s why.

  • They’re actually selling. Consumers purchase and eagerly move into condos. Instead of renting, they’re committing to a different kind of residential lifestyle.
  • Baby boomers are downsizing. People want to invest in other things, like travel, compared to a brand new home. Plus, condos can be secure for long trips.

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  • Banks are finally lending. Homeowner associations are improving. We have properties priced up to $1 million, so buyers are able to work with lenders better now compared to the past.

If you’re thinking about buying or selling in the surrounding area, contact me by phone or email. I’d be delighted to help answer your questions and serve your real estate needs! What Does The Condo Market Look Like? It looks like its time to sell!

The Hottest Year in Decades!

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This is already the hottest real estate year in decades! Houses are literally flying off local inventory shelves! If you have been considering selling your home, now is the time! The Pehr Black super team specializes in keeping our ear to the ground, and we have never had the buyer volume we are currently experiencing!

This year, we have started rolling out several new technology products. This is due in part from additional buyer pressure for updated tools, and more exposure for our sellers listings. At the Pehr Black Super Team we strive to stay ahead of the curve in all aspects of real estate, and here’s a few of our most efficient tools:

The Hottest Real Estate Market in Decades!Over the years we have received tons of buyer feedback about real estate listings. Unilaterally, everyone has asked for a great tool while searching the MLS. Using this feedback we created CDATopagent.com! This website is designed to receive up the the minute MLS listing data, recent solds, and home valuation tools. We believe it is the best search site for the region, and often recommend it to our buyers/sellers.

I have also been working with Get Vyral Marketing, one of the top real estate groups in the world, to produce a video blog series. You can find these videos here on my website, as well any major social media platforms (just search for Pehr Black)!

Currently, our team is working on a series of websites specifically for sellers. This will include instant contact with our team, tips and tricks, and latest Coeur d’Alene seller’s info!

Hottest Market in Decades!All these changes are designed to bolster the Pehr Black Super Team as your local leader for Coeur d’Alene real estate!
Whichever agent or office you choose to work with should keep up with the “fiery market!” If you want to sell your home quickly, work with the best team available!

I can’t wait to show you what’s coming!

Pehr Black out!

Super Hot Selling Tips: Marketing

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In real estate, one of our buzzwords is “marketing.” Ask a dozen people, and you will get a dozen answers.Super Hot Selling Tips: Marketing Successfully marketing your property costs a lot of money and is difficult to master! When asked your Realtor will give you an answer, but make sure its the right answer!

  1. Get listed on the MLS quickly. Don’t delay on getting your MLS listing online. This exposes your home to thousands of different search sites and instantly starts getting results. This is standard with any listing agent.
  2. Check your homes positioning. Most Realtors will skip this step. Knowing which candidates will likely buy your home is important. When we list your home, we identify the target audience for purchasing it. This directly impacts the amount of time your house is on the market.
  3. Make sure you have professional photos. Any listings with the Pehr Black Super Team are professionally shot and edited. Your photos need to come from a professional who specializes in home photography. This oftentimes expands to newer marketing channels such as drone videos and virtual tours if they apply to your property.
  4. Check your Realtors print ads. Not all Realtors ad space is the same! We (The Pehr Black Super Team) have top placement in all of our marketing materials because of our existing relationships and selling success. Whichever Realtor you decide to list with should have great exposure for your home.

Super Hot Selling Tips: MarketingFollowing these simple marketing tips will help sell your home quickly and for the most money. In retrospect, make sure your Realtor is stepping up to the plate! They should keep you in the loop as your home sale develops. If you want to work with the best in the business, give the Pehr Black Super Team a call. We are known for being the hardest workers in real estate and our effort shows in our amazing sell through rates!

Pehr Black out!

            

CALL PEHR BLACK (208) 818-7703
1099 S. WELLS ST. STE. 200 MERIDIAN ID 83642