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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!

ACAR Housing Stats for September 2017

ACAR key stats for September 2017:

  • 1,022 Homes Sold in September 2017
  • 1,985 Active Listings
  • $274,700 was the Median Price
  • 32 was the Average Number of Days on Market

3d Tours deliver a realistic virtual experience

Imagine the ability to walk through a property without leaving the comfort of your home? The marked advancements in 3d photography offer exactly that in a surprisingly easy-to-navigate way. It’s proving to be an especially valuable reference for buyers looking to purchase a new construction home that is not quite finished. These tours create the benefit of navigating through a similar model home, previously finished and sometimes decorated, to have a sense of space. We are currently developing our 3d virtual tours for each of our floor plans at SoVi and Verado. As each one is finalized, we post them on the respective websites, as well as linked to the appropriate MLS listing(s). From there it is fed to an unlimited number of real estate websites, including Realtor, Zillow and Trulia. 

Viewers can choose to look at a home through Dollhouse or Floor plan views, but the Dollhouse view seems the most interactive to me, with transparent white circles guiding you through the layout. With either format, a light blue circle serves as a visual to let you know where your cursor is. You have the ability to rotate your view entirely around a room, or zoom in for a closer view of a cabinet finish or countertop surface, etc. Here are some screenshots from the Mesa tour:

   

While the jury is still out, for us at least, if 3d virtual tours can fully replace the value of professional photography on existing homes, these tours are certainly fun! 

ACAR Housing Stats for August 2017

ACAR key stats for August 2017:

  • 1,128 Homes Sold in August 2017
  • 1,951 Active Listings
  • $278,000 was the Median Price
  • 33 was the Average Number of Days on Market

ACAR Housing Stats for July 2017

ACAR key stats for July 2017:

  • 1,055 Homes Sold in July 2017
  • 1,966 Active Listings
  • $271,000 was the Median Price
  • 30 was the Average Number of Days on Market

ACAR Housing Stats for June 2017

ACAR_block

ACAR key stats for June 2017:

  • 1,182 Homes Sold in June 2017
  • 1,913 Active Listings
  • $273,950 was the Median Price
  • 33 was the Average Number of Days on Market

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