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Graphics provided by Boise Regional Realtors.
SUMMARY: If you group together both existing and newly constructed single-family homes and compare those numbers to the same month one year ago (detailed in the top infographic: inventory is down 70.8%, the median sales price increased by 25.5% (coming in at $452,400), and homes sold 62% faster than one-year-ago.
If you then examine just existing/resale homes (and remove all the newly constructed homes from the statistics) the general year-over-year trends noted above remain similar: the median sales price increased by 32.7% (coming in at $455,000), inventory dropped by 51.2%, homes sold quickly (68.8% faster than one-year-ago), and (due to previously mentioned low inventory) fewer homes sold (down by 37.2%).
And finally, if you look at just newly constructed homes, the overall trend again remains pretty consistent. New homes are selling for a median sales price of $449,990 and there are substantially fewer of them available than there were one year ago (inventory is down by 80.6%) - and they are selling significantly faster (by 62.2%).
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TREASURE VALLEY HOUSING MARKETS
Average Sold Price (February 18, 2021 - March 18, 2021)
- Boise: $514,848
- Eagle: $796,846
- Meridian: $506,788
- Star: $565,303
- Garden City: $372,250
- Kuna: $430,679
- Middleton: $449,496
- Nampa: $369,184
- Caldwell: $410,729
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70% of all people living in poverty are women and girls. This must change and it can - but only if we invest in women and their power.
Please join the The Real Estate InvestHer community, Jonna Weber and eXp Realty on March 25th at 5PM MST for a special charity educational event. All proceeds will be donated to Women for Women International*.
Besides gaining valuable negotiation skills from Chris's Voss (author of the book "Never Split the Difference") top-notch negotiator Sandy Hein, you will be contributing to change the life of many women around the world. And YOU Can Create a Ripple Effect.
"Just as ripples spread out when a single pebble is dropped into water, the actions of individuals can have far-reaching effects." —Dalai Lama
*The event recordings will be available for 21 days to those who purchase the tickets. Feel free to purchase as many tickets as you wish to contribute to this cause.
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View all of our featured listings at Jonna Weber Premier Properties, or click on any of the houses below to learn more about the property.
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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.
If you’re hoping to buy, keep in mind that low inventory certainly isn’t the same as no inventory. There are options available, and rates are making mortgage payments more manageable. Click here or call us to discuss what you're looking for. Otherwise, keep reading to learn more about what's happening in Ada County's real estate market.
