March 2021
MARKET SNAPSHOT
2
ADA COUNTY
CANYON COUNTY
Median Sales Price
Median Sales Price
$467,325
$386,000
Up 27.2% year over year
Up 42.0% year over year
Active Listing Inventory
Active Listing Inventory
295
249
Down 78.8% year over year
Down 61.8% year over year
Average Days On Market
Average Days On Market
22
14
Down 50.0% year over year
Down 72.0% year over year
Closed Sales
Closed Sales
739
399
Down 18.4% year over year
Down 23.4% year over year
Treasure Valley Market Report | March 2021
Monthly Median Sales Price Comparison March 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 | March 2021
3
Active Residential Listings March 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 | March 2021
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
“Home is a story of who we are.” ~ Unknown
Treasure Valley Market Report | March 2021
5
Active Listings by Price Range March 2021
ADA COUNTY $400-$499 23%
$500-$699 34%
$300-$399 9%
$250-$299 0% $700-$999 19% $1,000,000+ 15%
6
Treasure Valley Market Report | March 2021
Active Listings by Price Range March 2021
CANYON COUNTY $400-$499 61%
$300-$399 13%
$250-$299 5%
$200-$249 1%
$500-$699 20%
Treasure Valley Market Report | March 2021
7
#GuidingYouHome
8
Treasure Valley Market Report | March 2021
Residential Closed Sales March 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 | March 2021
9
Sold Listings by Price Range March 2021
ADA COUNTY $400-$499 35%
$300-$399 20%
$250-$299 2%
$500-$699 26% $1,000,000+ 5% $700-$999 12%
10
Treasure Valley Market Report | March 2021
Sold Listings by Price Range March 2021
CANYON COUNTY $300-$399 46%
$250-$299 10%
$200-$249 3%
$500-$699 9%
$400-$499 32%
Treasure Valley Market Report | March 2021
11
Residential Closed Sales RESALE vs. NEW CONSTRUCTION | March 2021
ADA COUNTY 1300
Re-Sale
1200
New
1100 1000 900
323
254
400 300
348
500
363
548
515
600
586
700
608
800
200 100 0
2018
2019
2020
2021
CANYON COUNTY 1000
Re-Sale
900
New
800 700 600
199
115
115
200
212
227
300
281
308
400
318
500
100 0
12
2018
Treasure Valley Market Report | March 2021
2019
2020
2021
Every home tells a story. Let us help you create yours.
Treasure Valley Market Report | March 2021
13
Annual Average Interest Rates 30-year fixed mortgage
2021
2.88%
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 | March 2021
14
Looking for the best loan officers in town? We have you covered! www.iccu.com/CBT
Treasure Valley Market Report | March 2021
15