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
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)
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
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
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 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
ACAR Housing Stats for May 2017
ACAR key stats for May 2017:
- 1,005 Homes Sold in May 2017
- 1,866 Active Listings
- $264,000 was the Median Price
- 33 was the Average Number of Days on Market