Is the Boise area right for you? Here are 7 things you need to know about Boise before calling it home.
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TREASURE VALLEY MARKET UPDATE

*Real Estate Stats are courtesy of the Boise Regional Realtors ~ BoiRealtors.com

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916

# Homes Sold 

+5.4%

vs. Last Year

$350K

Median Sales Price

34

Days on Market

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456

# Homes Sold 

+25.3%

vs. Last Year

$250K

Median Sales Price

33

Days on Market

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52

# Homes Sold 

+40.5%

vs. Last Year

$188K

Median Sales Price

33

Days on Market

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SEPTEMBER STATS FOR GEM COUNTY

22

# Homes Sold 

-38.9%

vs. Last Year

$239K

Median Sales Price

16

Days on Market

SEPTEMBER 2019

➡️The median sales price of homes sold in Ada County last month continues to climb. According to the Boise Regional Realtors, this median price is up 6.6% over the same month last year. 

➡️The Median Home Sales Price in Ada County was $355,000 last month.

➡️ The number of homes sold in Ada County did decline by 9.7% vs last year but this is due to the inventory shortage. There is currently only a 1.7 month supply of single family homes available in Ada County. 

➡️ There are several new developments breaking ground in the Treasure Valley which should help with the inventory shortage, including Calistoga in South Meridian which predicts to have homes available as early as Spring 2020.

AUGUST 2019

➡️The market is HOT! According to the Federal Housing Finance Agency, Idaho had the highest annual home price appreciation in the country compared to 2018 at 11.36% appreciation. 

➡️The Median Home Sales Price in Ada County was $349,900 last month.

➡️ The number of homes sold in Ada County in July 2019 was over 1,100 and over 1,700 homes went under contract. 

➡️ August has slowed down some but this is typically due to the end of the summer breaks and the back to school season. 

JULY 2019

➡️Overall Median Home Price in Ada County= $354,405. According to the Boise Regional Realtors, this median price is up 10% over the same month last year.

➡️Median Home Price of Existing Homes in Ada County= $339,945

➡️ Demand continues to outpace supply, which is a major factor in the increased average sales price.

➡️ Interest rates for conventional 30-year fixed loans are still below 4%, which is great news for buyers.

JUNE 2019

➡️Overall Median Home Price in Ada County= $342,990

➡️Median Home Price of Existing Homes in Ada County= $329,000

➡️ According to the Boise Regional Realtors, available inventory is extremely low right now.  On average in Ada County there is only 1.5 months available for all price points, and only 1 month available for homes priced below $300,000.

➡️ The number of homes sold in Ada County has decreased by 1.1% vs. May 2018.

➡️ Interest rates are actually declining, in some cases below 4%, despite predictions that they would increase. This is great news and is driving buyer power. 


MAY 2019

➡️Median Home Price in Ada County= $331,900

➡️The number of new construction homes sold is up 56.2% and the median sales price of new homes is $369,000, which is skewing the overall average sales price. The total number of homes sold in Ada County in April 2019 was 935 and over 1/3 of those homes were new construction.

➡️The number of homes sold in Ada County has increased by 7.1% vs. April 2018.

➡️According to the Boise Regional Realtors, an increase in available inventory last month helped hold home prices steady.

APRIL 2019

➡️Median Home Price in Ada County= $335,000

➡️The number of homes sold in Ada County has decreased by 5.3% vs. Mar. 2018.

➡️New construction sales are impacting the overall median sales prices. 

➡️Buyer demand continues to grow, yet we only have a few months of inventory available.

MARCH 2019

➡️Median Home Price in Ada County= $324,800

➡️Number of homes sold in Ada County has increased by 10.1% vs. Feb. 2018.

➡️38.6% of the homes sold were new construction.

➡️Boise ranked #1 as the top 100 Best Places to Live in America according to Livability.com!

FEBRUARY 2019

➡️Median Home Price in Ada County= $318,000

➡️Number of homes sold in Ada County is down 6.3% vs. Jan. 2018.

➡️The decrease in homes sold could be due to the inventory shortage and the price point being too high for many buyers. However, we still have a large population of people relocating to the area and the job market is getting stronger.

JANUARY 2019

➡️Median Home Price in Ada County= $324,950

➡️Number of homes sold in Ada County is down 15% vs. Dec. 2017 due to the inventory shortage.  

➡️According to the U-Haul annual migration trends report, Idaho is ranked as the #5 growth state. 

DECEMBER 2018

➡️Median Home Price in Ada County= $324,250

➡️Number of homes sold in Ada County is down 3.5% vs. Nov. 2017  

➡️Things may slow down some but people are still relocating to the Boise area because of the low cost of living and great quality of life we offer. 

HOW DO THESE NUMBERS AFFECT YOU?

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