COVID-19 Not Slowing Down the Idaho Real Estate Market
Contrary to what you might expect, the Idaho real estate market is still thriving — even in the middle of a worldwide pandemic. This is mostly due to the simple rules of supply and demand, which haven’t changed since COVID-19 entered the state. There are still not enough homes on the market to satisfy the demand. So Idaho homes are still selling quickly, and at record prices.
The first case of COVID-19 in Idaho was found over 3 weeks ago, and since then, lives have changed for many Idahoans. Businesses have been ordered to shut down and schools are closed across the state until the end of the school year. And today, Governor Little announced that the stay-at-home order is extended until April 30.
While the real estate market hasn’t changed much, how Idaho Realtors must serve their clients has. Accel Realty Partners is adapting and putting the safety of Idaho’s residents first by doing virtual open houses instead of in person. Agents are meeting with their clients over Zoom and showing homes via Facetime. Some homebuyers are even buying homes before seeing them in person. Click here to learn more about how technology improves your real estate experience.
Looking at the numbers from March 30 to April 5, there were 1,455 pending sales. This was a 6% decrease from the week before. There were also 1,353 homes for sale during that week as well. This is a 10% increase from the week before. In fact, lower mortgage rates as a result of COVID-19 have excited homebuyers. 78% of REALTORS surveyed in Idaho said they haven’t noticed a change in buyer interest since the virus entered the state.
While much around us at this time is unknown, you can be certain of one thing: Accel’s agents are still actively and safely serving their clients and protecting the communities they help grow. And the Idaho Real Estate market has not let us down! In fact, April is the best month to list your home for sale. And despite the unique circumstances, an Accel agent will still guide you through the whole selling process. Learn more here.
“My family noticed right away how sharp the photos and brochures looked, loved the 3-D Tour of the floorplan. Michele told us the “details mattered” and that it’s the most important thing when selling your home. Thank you for all the work upfront to make going-on-the-market stress free and selling for full price.“
“…Jeff was just flawless, he had the best recommendations every step of the way to make sure we picked everything perfectly. I couldn’t have imagined a better buying experience, from the very first minute until after we moved in.”
“Dan handled all the work of listing our home…every single part, all we had to do is make the decisions on which offer to pick. We are extremely happy with Accel and the service provided to us in selling our home…the buyer found it online, loved the virtual tour, and made an offer.”
“We thought buying our first house would be complicated…with Ron’s help we found one we love. There were multiple offers and ours was the one they accepted because our he knew how to negotiate for us. The best experience ever!“
“…extremely confident in dealing with the terms and negotiations from beginning to end, including the selling price. I was very impressed with all the support. Actually did a video walk-through before coming to Idaho…would recommend Alei five stars to anyone looking for real estate in Eagle.“
“The home buying experience was nothing like we thought it would be. Linda found a better mortgage rate and we bought a home in much less time than we had anticipated…everything worked in our favor. Thank you so much for making it happen!“
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