August was hot!

Ada County sales this August increased by 11% over last August. The average price of distressed properties increased by 19%, and the average price of non-distressed properties increased by 5.2%. Distressed sales were only 11% of total sales this August compared to 21% last August.

Despite the fast pace of sales, inventory has increased by 15% since the low point at the beginning of the year as sellers have been taking advantage of the rising prices and strong demand for Ada County properties. This activity has left us with 3.6 months of inventory, based on average monthly sales over the last twelve months.

Activity in new construction continues to account for just over 20% of the market. The average price of new home sales, at slightly over $270,000, is about 25% higher than the average price of resale homes. The new home market has 4.4 months of inventory including homes that are not yet finished.

Year to date, sales have increased 11.6% over sales for the first eight months of last year. Prices have increased 17.4%, and the proportion of distressed sales has decreased from 32.7% to 15.6% from January through August.

 

Market Statistics
Click on the links below to download the latest Market Statistics.

Legend

Market - These include homes of all ages and new construction.
Existing - This includes all homes older than 1 year and excludes new construction data.
New Construction - This includes new, to be built, and under construction homes.

 Ada County Area Map
 Canyon County Area Map

Market Existing New Const
Ada County DownloadPDF DownloadPDF DownloadPDF
North Boise, 100 DownloadPDF DownloadPDF DownloadPDF
Northeast Boise, 200 DownloadPDF DownloadPDF DownloadPDF
Southeast Boise, 300 DownloadPDF DownloadPDF DownloadPDF
Boise Bench, 400 DownloadPDF DownloadPDF DownloadPDF
Southwest Boise, 500 DownloadPDF DownloadPDF DownloadPDF
SW Boise/Meridian, 550 DownloadPDF DownloadPDF DownloadPDF
West Boise, 600 DownloadPDF DownloadPDF DownloadPDF
West Boise/Meridian, 650 DownloadPDF DownloadPDF DownloadPDF
Garden City, 700 DownloadPDF DownloadPDF DownloadPDF
NW Boise/Garden City, 800 DownloadPDF DownloadPDF DownloadPDF
Eagle, 900 DownloadPDF DownloadPDF DownloadPDF
Star/Meridian, 950 DownloadPDF DownloadPDF DownloadPDF
Southeast Meridian, 1000 DownloadPDF DownloadPDF DownloadPDF
Southwest Meridian, 1010 DownloadPDF DownloadPDF DownloadPDF
Northeast Meridian, 1020 DownloadPDF DownloadPDF DownloadPDF
Northwest Meridian, 1030 DownloadPDF DownloadPDF DownloadPDF
Kuna, 1100 DownloadPDF DownloadPDF DownloadPDF
Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Comments are closed.