I wanted to take a moment to introduce myself. I am Deanna Hancock, a Realtor who has been practicing real estate in Middleton and the Treasure Valley for the past 17 years. I am an Idaho native and have called Middleton my home since 2001. I will be writing each month to keep you informed about the real estate market in Middleton and the surrounding areas, as well as to share real estate related information with you. I hope you find my articles interesting and informative. You may also email me questions to RealtorForYou@msn.com. I will do my best to add it to the next issue when possible.
If you have been thinking about selling your home soon, the market wants you! With inventory at records lows, it is considered a seller’s market with less than two months of inventory currently available in Middleton. Low inventory will keep the prices going up this year. The total properties for sale in Middleton the first part of March was 73 homes. This statistic includes every home regardless if it is in a community or on acreage. Middleton has had 53 properties sell since the first of January, and when these stats were pulled in March, there were 68 pending homes. The average days on the market is 35 so that being said when you are ready to move you might want to know where you are going. It is a perfect time for those who are moving out of this lovely area but for us that still want to call it home it is a little more difficult! The new construction market is very strong with much of that being due to the fact people are choosing to build because the options of buying existing homes are so low. The median price of new construction in Canyon County is $ 236,724. This price is a 16% change from last month and a 28% increase from the same month last year.
If you are thinking of selling and would like to know what your home is worth, contact a local agent that knows this area and ask them to do a market analysis for you. The Realtor will pull other homes like yours that have sold in the past six months to see what would be the best price at which to list your home currently. This process is also the same one an appraiser uses to get the information to assign a value of your home. Most real estate agents do not charge you for this service, so if you have not looked at your home value for awhile, it may be an excellent time to do so.
Happy Spring and if you just moved to Middleton, Welcome.