Boise, Idaho-Area Market Report, October, 2021

October 2021

MARKET SNAPSHOT

2

ADA COUNTY

CANYON COUNTY

Median Sales Price

Median Sales Price

$533,950

$422,445

Up 30.2% year over year Down 0.2% over last month

Up 31.2% year over year Up 0.1% over last month

Active Listing Inventory

Active Listing Inventory

1,145

745

Up 158.5% year over year Down 8.4% over last month

Up 290.1% year over year Down 4.5% over last month

Average Days On Market

Average Days On Market

23

26

Down 21.1% year over year Up 21.1% over last month

Up 44.4% year over year Up 36.9% over last month

Closed Sales

Closed Sales

986

556

Down 17.2% year over year Down 1.2% over last month

Down 1.6% year over year Up 1.9% over last month

Treasure Valley Market Report | October 2021

Monthly Median Sales Price Comparison October 2020/2021 – total $ shown in thousands

ADA COUNTY $600

2020

2021

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

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

CANYON COUNTY $450

2020

2021

$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 | October 2021

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Active Residential Listings October 2021, month/year comparison

ADA COUNTY 2000 2018

1800

2019

2020

2021

1600 1400 1200 1000 800 600 400 200 0

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

CANYON COUNTY 1000 2018

900

2019

2020

2021

800 700 600 500 400 300 200 100 0

4

JAN

FEB

MAR

Treasure Valley Market Report | October 2021

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

“Where we love is home, home that our feet may leave, but not our hearts.” - Oliver Wendell Holmes

Treasure Valley Market Report | October 2021

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Active Listings by Price Range October 2021

ADA COUNTY $500-$699 31%

$400-$499 28%

$300-$399 5%

$250-$299 1% $1,000,000+ 13%

6

Treasure Valley Market Report | October 2021

$700-$999 22%

Active Listings by Price Range October 2021

CANYON COUNTY $400-$499 30% $300-$399 26%

$250-$299 1%

$200-$249 1%

$500-$699 24% $1000000+ 6%

$700-$999

12%

Treasure Valley Market Report | October 2021

7

#GuidingYouHome

8

Treasure Valley Market Report | October 2021

Residential Closed Sales October 2021

ADA COUNTY 2018

1600

2019

2020

2021

1400 1200 1000 800 600 400 200 0

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

CANYON COUNTY 2018

700

2019

2020

2021

600 500 400 300 200 100 0

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

Treasure Valley Market Report | October 2021

9

Sold Listings by Price Range October 2021

ADA COUNTY $400-$499 26%

$500-$699 31%

$300-$399 10%

$250-$299 1%

$1,000,000+ 8% $700-$999 24%

10

Treasure Valley Market Report | October 2021

Sold Listings by Price Range October 2021

CANYON COUNTY $300-$399 24%

$250-$299 25%

$200-$249 4% $400-$499 22% $1,000,000+ 1%

$700-$999 6%

$500-$699 18%

Treasure Valley Market Report | October 2021

11

Residential Closed Sales RESALE vs. NEW CONSTRUCTION | October 2021

ADA COUNTY 1300

Re-Sale

1200

New

1100

714

800

724

900

764

822

1000

700 600

300

226

307

266

400

360

500

200 100 0

2018

2019

2020

2021

CANYON COUNTY 1000

Re-Sale

900

New

800 700 600

137 78

200 100 0

12

176

300

190

364

383

327

400

352

500

2018

Treasure Valley Market Report | October 2021

2019

2020

2021

Every home tells a story.

Let us help you create yours.

Treasure Valley Market Report | October 2021

13

Annual Average Interest Rates 30-year fixed mortgage

2021

2.93%

2020

3.11%

2019

3.94%

2018

4.54%

2017

3.99%

2016

3.65%

2015

3.85%

2014

4.25%

2013

3.98%

2012 0.00%

3.66% 0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Treasure Valley Market Report | October 2021

14

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Treasure Valley Market Report | October 2021

15