Boise, Idaho Area Market Report - July, 2022

July 2022

MARKET SNAPSHOT

2

ADA COUNTY

CANYON COUNTY

Median Sales Price

Median Sales Price

$589,990

$441,995

Up 19.2% year over year Down 0.4% over last month

Up 6.6% year over year Down 0.7% over last month

Active Listing Inventory

Active Listing Inventory

2,408

1,356

Up 128.2% year over year Up 12.8% over last month

Up 100.6% year over year Up 13.9% over last month

Average Days On Market

Average Days On Market

21

29

Up 61.5% year over year Up 40.0% over last month

Up 123.1% year over year Up 45.0% over last month

Closed Sales

Closed Sales

685

354

Down 33.8% year over year Down 16.3% over last month

Down 42.8% year over year Down 19.9% over last month

Treasure Valley Market Report | July 2022

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

ADA COUNTY

$700

2021

2022

$600 $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 | July 2022

3

Median Sold Prices By City ADA & CANYON COUNTIES | SINGLE FAMILY | July 2022

1,000

860

900

800

425

435

500

503

580

595

600

500

610

700

400 Boise

4

Eagle

Treasure Valley Market Report | July 2022

Meridian

Kuna

Star

Nampa

Caldwell Middleton

Active Residential Listings July 2022, month/year comparison

ADA COUNTY 2500 2019

2020

2021

2022

2000

1500

1000

500

0 JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

CANYON COUNTY 1400 2019

2020

2021

2022

1200 1000 800 600 400 200 0 JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

Treasure Valley Market Report | July 2022

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Active Listings by Price Range July 2022

ADA COUNTY $400-$499 24%

$500-$699 31%

$300-$399 6%

$1,000,000+ 15%

6

Treasure Valley Market Report | July 2022

$700-$999 24%

Active Listings by Price Range July 2022

CANYON COUNTY $400-$499 36% $300-$399 20%

$250-$299 2%

$500-$699 23% $1000000+ 7%

$700-$999 12%

Treasure Valley Market Report | July 2022

7

Residential Closed Sales July 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

2020

2021

2022

700 600 500 400 300 200 100 0 JAN

8

FEB

MAR

Treasure Valley Market Report | July 2022

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

#GuidingYouHome

Treasure Valley Market Report | July 2022

9

Sold Listings by Price Range July 2022

ADA COUNTY $400-$499 26%

$500-$699 32%

$300-$399 7%

$1,000,000+ 12%

10

Treasure Valley Market Report | July 2022

$700-$999 23%

Sold Listings by Price Range July 2022

CANYON COUNTY $300-$399 21% $400-$499 24%

$250-$299 22%

$1,000,000+ 3% $700-$999 7%

$500-$699 23%

Treasure Valley Market Report | July 2022

11

Residential Closed Sales RESALE vs. NEW CONSTRUCTION | July 2022

ADA COUNTY 1300

Re-Sale

786

900

862

1100 1000

New

1002

1200

800

435

600

518

700 500

167

300

243

299

400 200 100 0 2019

2020

2021

2022

CANYON COUNTY 1000

Re-Sale

900

New

800 700

141

120

200

224

300

213

389 258

400

376

500

392

600

100 0 2019

12

Treasure Valley Market Report | July 2022

2020

2021

2022

Every home tells a story.

Let us help you create yours.

Treasure Valley Market Report | July 2022

13

Annual Average Interest Rates 30-year fixed mortgage

2022

4.67%

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 | July 2022

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

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Treasure Valley Market Report | July 2022

15