Treasure Valley Market Report, January 2021

january 2021

MARKET SNAPSHOT

2

ADA COUNTY

CANYON COUNTY

Median Sales Price

Median Sales Price

$454,000

$338,490

Up 25.0% year over year

Up 32.2% year over year

Active Listing Inventory

Active Listing Inventory

269

160

Down 75.9% year over year

Down 76.4% year over year

Average Days On Market

Average Days On Market

18

15

Down 66.0% year over year

Down 70.6% year over year

Closed Sales

Closed Sales

519

288

Down 28.1% year over year

Down 13.5% year over year

Treasure Valley Market Report | January 2021

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

ADA COUNTY $500

2020

2021

$400

$300

$200

$100

$0

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

2020

2021

CANYON COUNTY $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 | January 2021

3

Active Residential Listings January 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 | January 2021

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

“If I were asked to name the chief benefit of the house, I should say: the house shelters daydreaming, the house protects the dreamer, the house allows one to dream in peace.” ~ Gaston Bachelard

Treasure Valley Market Report | January 2021

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Active Listings by Price Range January 2021

ADA COUNTY $400-$499 42%

$300-$399 12%

$250-$299 3% $500-$699 22%

$1,000,000+ 11%

6

Treasure Valley Market Report | January 2021

$700-$999 10%

Active Listings by Price Range January 2021

CANYON COUNTY $300-$399 28%

$250-$299 5%

$200-$249 3% $400-$499 49%

$500-$699 15%

Treasure Valley Market Report | January 2021

7

“Home is the nicest word there is.” ~ Laura Ingalls Wilder

8

Treasure Valley Market Report | January 2021

Residential Closed Sales January 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 | January 2021

9

Sold Listings by Price Range January 2021

ADA COUNTY $400-$499 34% $300-$399 29%

$250-$299 2%

$500-$699 21%

$1,000,000+ 5% $700-$999 9%

10

Treasure Valley Market Report | January 2021

Sold Listings by Price Range January 2021

CANYON COUNTY

$300-$399 44%

$250-$299 19%

$200-$249 10%

$500-$699 5% $400-$499 22%

Treasure Valley Market Report | January 2021

11

Residential Closed Sales RESALE vs. NEW CONSTRUCTION | January 2021

ADA COUNTY 1300

Re-Sale

1200

New

1100 1000 714

569

700

307

266

400 300

325

500

245

600

353

800

724

900

200 100 0

2018

2019

2020

2021

CANYON COUNTY 1000

Re-Sale

900

New

800 700 496

600

100

12

119

137 78

200

0

186

300

213

327

400

352

500

2018

Treasure Valley Market Report | January 2021

2019

2020

2021

Every home tells a story.

Let us help you create yours.

Treasure Valley Market Report | January 2021

13

Annual Average Interest Rates 30-year fixed mortgage

2021

2.73%

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 | January 2021

14

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Treasure Valley Market Report | January 2021

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