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an excerpt from this month's newsletter, keep reading...
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Across Ada County Home Buyers Enjoy Increased Options
An increase in the inventory of newly constructed homes, coupled with a slight boost in the inventory of pre-existing homes gave buyers more options in September than any month this year, thereby extending the homebuying season into the fall. Despite this increased inventory, demand is still outpacing supply, which has helped to boost the overall median sales price to $349,994 (up 9.7% from this time last year but down 1.4% from last month).
If you've been considering a move, this would be a great time to connect with us to discuss the current value of your home and to see what's newly available on the market. To discover what your home is currently valued at, simply click here and we will happily provide you with an obligation-free, complimentary home or investment property evaluation.
Or (especially with the recent uptick in inventory) if you're interested in browsing available homes in your local area (and take advantage of the low mortgage rates), click here. Otherwise, keep reading to learn more about what's happening in Ada County's real estate market.
An increase in the inventory of newly constructed homes, coupled with a slight boost in the inventory of pre-existing homes gave buyers more options in September than any month this year, thereby extending the homebuying season into the fall. Despite this increased inventory, demand is still outpacing supply, which has helped to boost the overall median sales price to $349,994 (up 9.7% from this time last year but down 1.4% from last month).
If you've been considering a move, this would be a great time to connect with us to discuss the current value of your home and to see what's newly available on the market. To discover what your home is currently valued at, simply click here and we will happily provide you with an obligation-free, complimentary home or investment property evaluation.
Or (especially with the recent uptick in inventory) if you're interested in browsing available homes in your local area (and take advantage of the low mortgage rates), click here. Otherwise, keep reading to learn more about what's happening in Ada County's real estate market.
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Summary: Compared to the same month one year ago (September 2018), the median sales price for existing homes in Ada County increased by 9.7%, and total inventory
decreased slightly by 2.8%. Overall, slightly more homes are selling (by 5.4%) and they are remaining on the market for a longer period of time (34 days).
And for newly constructed homes, compared to one year ago, the median sales price increased by 6.7% and inventory remained pretty stable (a slight decrease of just 0.9%). Overall sales increased (by 9.1%), and these home are staying on the market for
just under 2 months (which is a year-over-year increase of 12.8%).
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Average Sold Price (September 17, 2019 - October 17, 2019)
- Eagle: $579,981
- Boise: $368,000
- Meridian: $376,162
- Star: $414,292
- Garden City: $382,020
- Kuna: $299,420
- Middleton: $341,506
- Nampa: $273,998
- Caldwell: $263,485
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Learn More About Eagle's River Corridor
There is just something magical about the communities that make up Eagle's River Corridor. To learn more about all of the neighborhoods that make up this highly coveted area, visit Eagle Idaho River Corridor. Or to download a one-sheet detailing each neighborhood's current and and cumulative activity, click here.
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We'd love to serve you or anyone you know as a partner in this exciting journey. Contact us for a complimentary listing consultation or to start your home search today.
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