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Among the Best and the Brightest: Verado

With over a dozen new homeowners moved in and nearly a dozen more homes under contract, it can easily be said that Verado is having a moment. Since December 2018, this new neighborhood by Blackrock Homes has attracted a lot of attention, with its close-in Meridian location and a compelling portfolio of single level townhomes and two-story floor plans. 

 
And why not? Verado’s price point, $230,000s to mid $260,000s, is well below Ada County’s current median price of $297,500. Blackrock Homes has found that there is a niche market that appreciates a high level of interior finishes on a smaller footprint. Further, these very livable layouts give a nod to low maintenance, with exterior elevations loaded with quality products, and lawncare provided through the HOA. Lastly, by being minutes away from The Village at Meridian, our pocket neighborhood is striking a chord with buyers who are choosing proximity over outlying master planned communities.
 
We invite you to learn more about Verado today! Please call Angie at 208.250.2774 c or angie@woodhousegroup.net.

If you build it, they will come [to Boise].


That is proving to be the current reality in Boise Valley and elsewhere in Idaho, too. New neighborhoods are emerging virtually overnight. Small infill projects are taking shape in areas that were previously overlooked. And out-of-state buyers are finding Boise is a great place to call home. To accommodate the influx, developers and builders are creating more housing options than in years past. In fact, Idaho leads the nation in single family permits, posting a 101.6 percent increase from January 2017 to January 2018, as reported by recent U.S. Census Bureau Data referenced in an IdahoRealtors.com post. New home prices are on the rise, too. Ada County Association of Realtors (ACAR) reports the 2017 median price for a new construction home in Ada County at $339,241. Their February report reflects that median price increased to $362,587 in only two months.

To read the IdahoRealtors.com post: click here

ACAR Housing Stats for February 2018

ACAR key stats for February 2018:

  • 638 Homes Sold in February 2018
  • 1,205 Active Listings
  • $297,500 was the Median Price
  • 53 was the Average Number of Days on Market

Even Playing Field at Verado

It’s no secret that the Meridian housing market is rapidly changing. As new and resale homes are coming onto the market, buyers are acting quickly in hopes of purchasing in this sought-after area of Boise Valley. This has been especially true here at Verado, located near the intersection of Eagle Rd. and Ustick Rd.

Verado, Blackrock Homes’ newest new-home neighborhood, brought its first home to market in early December 2017. Since then, 18 homes have been sold in phase 1, all averaging a mere three days on the market. In fact, none of these homes were completed before going under contract.

Due to such demand for these homes and anticipating this trend to continue, we are striving to maintain an even playing field. Starting on February 14, 2018, homes must be at the drywall stage before any contract can be accepted. This practice will provide an equal opportunity to all buyers, and real estate agents with buyers, ready and able to purchase one of our superior quality homes. It also provides buyers a chance to physically see and approve the exterior of the home.

We have a running list of buyers and real estate agents who have expressed an interest in being notified when certain homes become available. We will do our best to keep everyone in the loop. A disclaimer: we’re human and far from perfect. Please circle back with us often if you are very interested in availability.

Currently, nine homes are in the pre-drywall phase. Check back often to remain up-to-date on taking the next steps towards getting into your dream home in Verado!

ACAR Housing Stats for January 2018

ACAR key stats for January 2018:

  • 605 Homes Sold in January 2018
  • 1,213 Active Listings
  • $279,900 was the Median Price
  • 41 was the Average Number of Days on Market

ACAR Housing Stats for Year End 2017

Another great year for Boise Valley real estate! Here’s a look at key stats: 

  • 2017 Total Single-Family Homes Sold: 10,818 (compared to 10,550 in 2016, 9,284 in 2015, and 7,784 in 2014)

 

  • 2017 Median Price: $265,914 (compared to $244,900 in 2016, $229,000 in 2015, and $210,000 in 2014)

 

  • 2017 Average Number of Days on Market: 37

 

A closer look at the existing home and new construction market reveals:

Total Single-Family Homes Sold:

  • 2017 Existing Homes: 8,260 (compared to 8,218 in 2016, 7,594 in 2015, and 6,313 in 2014)
  • 2017 New Construction Homes: 2,558 (compared to 2,332 in 2016, 1,690 in 2015, and 1,471 in 2014)

Median Price:

  • 2017 Existing Homes: $247,500 (compared to $227,500 in 2016, $213,000 in 2015, and $193,500 in 2014)
  • 2017 New Construction Homes: $339,241 (compared to $313,530 in 2016, $313,722 in 2015 and $299,900 in 2014)

Boise Valley made a regular appearance on national lists in 2017

 

Ann Morrison Park in downtown Boise

This week, my husband, Will, and I revisited our closed files for real estate in 2017. As we bundled them for storage, two things stood out to us: 1) We have been incredibly blessed and 2) out-of-state buyers accounted for nearly 40% of our sales. If my memory serves me, it seemed that most buyers said that they have friends or family already living here. Curious, I went to Boise Valley Economic Partnership’s website for more substantiating data. A great resource! Interestingly enough, Boise Valley/Idaho landed on 24 national lists in 2017. That’s an impressive number for just 12 months. I didn’t recognize all of the publications at a glance, so I provided links below for more details. Forbes ranked Boise in three separate lists, and Bloomberg ranked Idaho as the #1 Top Performing Economy. Here’s a look at each of the 24 entries, I categorized them by growth, lifestyle and recreation:

Growth

Meridian #1 City for New Home Sales
Curbed | January 2017

Boise | Popular U.S. Growth Cities
U-Haul | February 2017 

#1 Idaho  –  Top Performing Economy 
Bloomberg | August 2017

Boise #11 America’s 25 Fastest Growing Cities in 2017
Forbes | October 2017

 

Lifestyle

Boise #12  Best Places to Live
U.S. News & World Report | February 2017

Boise #5 Top 10 Safest Driving Cities During Wet Weather
Allstate | February 2017

Boise #2 2017’s Best Capitol to Live In
WalletHub | February 2017

Boise | Under-Appreciated American Cities You Should Totally Move To
Thrillist | February 2017 

Boise #4 Top 10 Cities for Young Families 2017
MoveBuddha | March 2017

Boise | 11 Satellite Cities Poised to Thrive in 2017
Kiplinger | April 2017

Boise | 25 Best Places to Retire in 2017
Forbes | April 2017

Boise | North America’s Coolest Downtowns
Expedia | April 2017

Boise #20 Top 25 Best Cities for Young Professionals
Forbes | May 2017

Idaho #6 Top 10 Cheapest States To Live In 2017
CNBC | July 2017

Boise #3 Best Run City in America 
WalletHub | July 2017

Boise #8 Top 10 Best State Capitals to Live In 2017
SmartAsset.com | September 2017

Boise #8 Top 50 Safest Cities in the World 
The Daily Meal | October 2017

Boise #5 Best Cities for Quality of Life 
NerdWallet | October 2017

Boise #10 Top 10 Best Cities for Veterans
WalletHub | November 2017

 

Recreation

Idaho #7 Top 10 Hottest Travel Destinations of 2017
Vogue Magazine | January 2017

Boise | 8 American Cities You Should Visit Before They’re Too Popular
Thrillist | May 2017

Boise | “Best Rocky Mountain Secret”, Top 25 Best Towns Ever
Outside Magazine | June 2017

Boise | 3 Up-and-Coming Culinary Destinations to Visit in the West
U.S. News | August 2017

Boise #5 Urban Adventure: Where to Find The Outdoors In Town
Marmot | September 2017

 

 

 

 

 


ACAR Housing Stats for October 2017

ACAR key stats for October 2017:

  • 937 Homes Sold in September 2017
  • 1,841 Active Listings
  • $269,900 was the Median Price
  • 35 was the Average Number of Days on Market

See Verado, an exciting new neighborhood in north Meridian

If you travel along Ustick Road between Eagle Rd. and Locust Grove, you have likely noticed the new development that has seemingly appeared overnight. Blackrock Homes is about to unveil Verado, their newest neighborhood in North Meridian. With all of the accolades Boise Valley and Meridian have received in the past year, it’s exciting to offer a series of beautiful homes with high level finishes in a close-in location and at a moderate price point. The Village at Meridian, St. Lukes – Meridian, and I-84 access are all just minutes away, not to mention the endless list of shopping and dining venues along Eagle Road. Supremely functional and surprisingly spacious floor plans include two single level townhome layouts, and five different two-story designs. Phase one consists of 60 homesites with a centralized park featuring a playground and half-size basketball court. With the growing appreciation for smaller-scaled footprints and low maintenance living, lawn care for the front and backyards is provided through HOA, including pressurized irrigation and maintenance on the common areas. The first wave of homes will be released in mid November, with move-in dates in early January 2018. Expected pricing to begin at $222,900. 

Some of our favorite photos are below or to see the full set of Fall 2017 photos:

CLICK HERE >> http://www.tourfactory.com/1895924

 

 

Neighbors connect SoVi’s first community event

Neighbors had a chance to meet and choose a pumpkin, too, at a recent fall neighborhood event. It was our first event of this type and was arranged in a way for neighbors to meet in a casual setting. We converted the garage of our decorated Mesa model home into fall styled gathering room and centered around “It’s the great pumpkin, Charlie Brown” theme.

 

 

We brought in a truckload of large and extra large pumpkins from The Berry Farm that were a beautiful seasonal display all on their own.

 

Prolific mums, fall decor and music added a festive note.

 

 

Refreshments included a popcorn bar with Charlie Brown’s friends’ names, such as “Pig Pen Peanuts” and “Marcie’s M&M’s” with hot apple cider and bottled water. But the true highlights were the meatballs and pumpkin cake provided by two generous homeowners. We had nearly 50% of our homeowners stop by and to be sure to take a pumpkin on their way home. It was a fabulous, fun night and a great way to welcome in this colorful season!

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