Boise/Treasure Valley Market Report - February 2022

February 2022

MARKET SNAPSHOT

2

ADA COUNTY

CANYON COUNTY

Median Sales Price

Median Sales Price

$549,900

$434,450

Up 21.6% year over year Up 1.9% over last month

Up 18.1% year over year Up 2.3% over last month

Active Listing Inventory

Active Listing Inventory

493

316

Up 62.7% year over year Up 11.8% over last month

Up 66.3% year over year Down 9.0% over last month

Average Days On Market

Average Days On Market

32

42

Up 88.2% year over year Down 13.6% over last month

Up 180.0% year over year Same as last month

Closed Sales

Closed Sales

660

450

Up 7.1% year over year Down 1.7% over last month

Up 47.1% year over year Up 16.9% over last month

Treasure Valley Market Report | February 2022

Monthly Median Sales Price Comparison February 2021/2022 – total $ shown in thousands

$600

ADA COUNTY 2021

2022

$500 $400 $300 $200 $100 $0

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

CANYON COUNTY $500

2021

2022

$450 $400 $350 $300 $250 $200 $150 $100 $50 $0

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

Treasure Valley Market Report | February 2022

3

Median Sold Prices By City 927

ADA & CANYON COUNTIES | SINGLE FAMILY | February 2022

950

850

750

442

505

548

548

525

550

567

650

380

450

350

4

Boise

Eagle

Treasure Valley Market Report | February 2022

Meridian

Kuna

Star

Nampa

Caldwell

Middleton

Active Residential Listings February 2022, month/year comparison

ADA COUNTY 2000 2019

1800

2020

2021

2022

1600 1400 1200 1000 800 600 400 200 0

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

CANYON COUNTY 1000 2019

900

2020

2021

2022

800 700 600 500 400 300 200 100 0

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

Treasure Valley Market Report | February 2022

5

Active Listings by Price Range February 2022

ADA COUNTY $500-$699 36%

$400-$499 13%

$700-$999 27% $300-$399 1%

$1,000,000+ 23%

6

Treasure Valley Market Report | February 2022

Active Listings by Price Range February 2022

CANYON COUNTY $400-$499 26%

$500-$699 44%

$300-$399 6%

$250-$299 1%

$1000000+ 10%

$700-$999 13%

Treasure Valley Market Report | February 2022

7

Residential Closed Sales February 2022

ADA COUNTY 2019

1600

2020

2021

2022

1400 1200 1000 800 600 400 200 0

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

CANYON COUNTY 2019

700

2020

2021

2022

600 500 400 300 200 100 0

8

JAN

FEB

MAR

Treasure Valley Market Report | February 2022

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

#GuidingYouHome

Treasure Valley Market Report | February 2022

9

Sold Listings by Price Range February 2022

ADA COUNTY $400-$499 21%

$500-$699 35%

$300-$399 8%

$1,000,000+ 9%

10

Treasure Valley Market Report | February 2022

$700-$999 27%

Sold Listings by Price Range February 2022

CANYON COUNTY $300-$399 23% $400-$499 24% $250-$299 21%

$1,000,000+ 3% $700-$999 8%

$500-$699 21%

Treasure Valley Market Report | February 2022

11

Residential Closed Sales RESALE vs. NEW CONSTRUCTION | February 2022

ADA COUNTY 1300

Re-Sale

1200

New

1100 1000 900 800 700 424

237

264

300

346

260

400

296

421

500

428

600

200 100 0

2019

2020

2021

2022

CANYON COUNTY 1000

Re-Sale

900

New

800 700 600 500

100 0

12

2019

Treasure Valley Market Report | February 2022

2020

203

230 125

81

200

180

137

227

300

248

400

2021

2022

Every home tells a story.

Let us help you create yours.

Treasure Valley Market Report | February 2022

13

Annual Average Interest Rates 30-year fixed mortgage

2022

3.50%

2021

2.95%

2020

3.11%

2019

3.94%

2018

4.54%

2017

3.99%

2016

3.65%

2015

3.85%

2014

4.24%

2013 0.00%

14

3.98% 0.50%

1.00%

Treasure Valley Market Report | February 2022

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Looking for the best loan officers in town?

We have you covered! www.iccu.com/CBT

Treasure Valley Market Report | February 2022

15