Fall Is The Season, Or So Say The Numbers…
Real estate statistics from the Treasure Valley continue to reflect the “fall” season. Prices are falling, unit sales are falling and inventory is falling. Over the last several months we have seen a
very different market than over the last few years. Up and down and all around as the fairy tale says.
In Ada County prices fell 5% month over month and Canyon County prices fell slightly more at 7% month over month. As prices have decreased steadily at this pace we have reached the point where year over year prices are posting a virtual zero net gain. This is very rare for us and follows along with predictions and analysis from many financial and real estate experts. The sky has not fallen but we are seeing a real estate market that we have
not seen in several years.
Sales have dipped significantly from last years numbers, down
29% in Ada County and 38% in Canyon County. Remember last year was an extremely good year. Looking back only a year may not be enough to compare to “normal” years but the trend
down is significant now and indications are a continued slide. In contrast, well over 1000 homes sold in the Treasure Valley in September.
At Group One Sotheby’s International Realty we watch our market carefully and analyze the numbers in an effort to serve you well and provide you with the knowledge and expertise you need to make sound, informed decisions. Whether you are buying or selling, we are here to help. Here to provide you with accurate information and the best real estate resources, services and agents available.
Market Statistics
The statistics in this report may be slightly different from those in other housing reports because we don’t follow the sales of just single-family homes. We include condominiums, townhomes, and homes on up to 2 acres. By including multiple forms of residential housing, our statistics more accurately portray the many options buyers have in modern housing offerings.
Clicking the links below provides you with an in-depth look at what’s happening in all MLS areas in both Ada and Canyon Counties, including the market for the total area sales as well as the market for new and existing homes.
Ada County
North Boise (100) | NE Boise (200) | SE Boise (300) | Boise Bench (400) | SW Boise (500)
SW Boise/Meridian (550) | West Boise (600) | W Boise/Meridian (650) | Garden City (700)
NW Boise/Garden City (800) | Eagle (900) | Star/Meridian (950) | SE Meridian (1000)
SW Meridian (1010) | NE Meridian (1020) | NW Meridian (1030) | Kuna (1100)
Canyon County
Nampa, 83687 (1250) | Nampa, 83686 (1260) | Melba (1265) | Nampa, 83651 (1270)
NW Freeway (1275) | SW Freeway (1280) | Middleton (1285) | Canyon Other (1290)
Parma (1292) | Wilder (1293) | Greenleaf (1294)
*Data provided is derived from the Intermountain MLS and believed to be accurate and reliable, but cannot be warranted by Group One Sotheby’s International Realty.