February 2021
MARKET SNAPSHOT
2
ADA COUNTY
CANYON COUNTY
Median Sales Price
Median Sales Price
$452,400
$369,000
Up 25.5% year over year
Up 39.2% year over year
Active Listing Inventory
Active Listing Inventory
303
190
Down 70.8% year over year
Down 67.9% year over year
Average Days On Market
Average Days On Market
19
15
Down 62.0% year over year
Down 71.7% year over year
Closed Sales
Closed Sales
506
269
Down 28.0% year over year
Down 24.9% year over year
Treasure Valley Market Report | February 2021
Monthly Median Sales Price Comparison February 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 | February 2021
3
Active Residential Listings February 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 | February 2021
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
“Home is where one starts from.” ~ T.S. E lliot
Treasure Valley Market Report | February 2021
5
Active Listings by Price Range February 2021
ADA COUNTY $400-$499 29%
$500-$699 32%
$300-$399 10%
$250-$299 1%
$1,000,000+ 14%
6
Treasure Valley Market Report | February 2021
$700-$999 14%
Active Listings by Price Range February 2021
CANYON COUNTY $300-$399 26% $400-$499 47%
$250-$299 5%
$200-$249 2%
$500-$699 20%
Treasure Valley Market Report | February 2021
7
#GuidingYouHome
8
Treasure Valley Market Report | February 2021
Residential Closed Sales February 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 | February 2021
9
Sold Listings by Price Range February 2021
ADA COUNTY $400-$499 34%
$300-$399 26%
$250-$299 1%
$500-$699 26%
$1,000,000+ 3% $700-$999 10%
10
Treasure Valley Market Report | February 2021
Sold Listings by Price Range February 2021
CANYON COUNTY $300-$399 45%
$250-$299 14%
$200-$249 6%
$500-$699 9%
$400-$499 26%
Treasure Valley Market Report | February 2021
11
Residential Closed Sales RESALE vs. NEW CONSTRUCTION | February 2021
ADA COUNTY 1300
Re-Sale
1200
New
1100 1000 900 800 700
300
346
264
227
260
400
296
424
421
500
428
600
200 100 0
2018
2019
2020
2021
CANYON COUNTY 1000
Re-Sale
900
New
800 700 600 500
12
2018
Treasure Valley Market Report | February 2021
125
137 65
100 0
81
200
180
233
227
300
230
400
2019
2020
2021
Every home tells a story. Let us help you create yours.
Treasure Valley Market Report | February 2021
13
Annual Average Interest Rates 30-year fixed mortgage
2021
2.83%
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 | February 2021
14
Looking for the best loan officers in town? We have you covered! www.iccu.com/CBT
Treasure Valley Market Report | February 2021
15