November 2019 Market Report: Ada County Real Estate Market

With more homes selling across the valley and overall inventory (of both newly constructed homes and pre-existing homes) low, the homeselling season has been boosted into the winter months. With demand continuing to outpace supply, the overall median sales price is $352,000 (up 9.5% from this time last year).

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 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.

Summary:  Compared to the same month one year ago (October 2018), the median sales price for existing homes in Ada County increased by 13.2%, and total inventory decreased by 13.4%. Overall, homes are selling at a pretty consistent rate (up just 0.7% from one year ago) and they are remaining on the market for just a couple of days longer.

And for newly constructed homes, compared to one year ago, the median sales price increased by 6% and inventory decreased slightly (by 5.7%). Overall sales increased (by 11.9%), and these home are staying on the market for almost 2 months (which is a significant year-over-year increase of 31.1%).


Treasure Valley Housing Markets
Average Sold Price (October 21, 2019 - November 21, 2019) 

• Eagle:  $572,140
• Boise:  $373,292 
• Meridian:  $378,233
• Star:  $451,381
• Garden City:  $376,747
• Kuna:  $312,115
• Middleton:  $332,219
• Nampa:  $278,023
• Caldwell:  $260,683

Giraffe Laugh Annual Luncheon 
We greatly enjoyed attending Giraffe   Laugh's annual luncheon and outreach fundraiser earlier this month. A portion of every sale we've made throughout 2019 has gone to this amazing non-profit. We are just so grateful to all of our clients who have helped us support this incredible organization.   Thank you! If you aren't familiar with Giraffe Laugh, you can read all about their mission and vision here.





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.