Treasure Valley Market Report May 2023

Page 1

2023 Ada&Canyon MarketReport MonthlyMarketReportforAda&CanyonCounty county May 2023

MARKET SNAPSHOT

ADA COUNTY

Median Sales Price

$534,900

Down 11.2% year over year

Up 3.3% over last month

Active Listing Inventory

1,259

Down 17.2% year over year Up 8. 2 % over last month

Average Days On Market

36

Up 157.1% year over year

Down 34.5% over last month

CANYON COUNTY

Median Sales Price

$415,000

Down 9.8% year over year Up 6.4% over last month

Active Listing Inventory

672

Down 21.5% year over year Up 2.7% over last month

Average Days On Market

52

Up 147.6% year over year

Down 23.5% over last month

Comparison May 2022/2023 – total $ shown in thousands 3 $0 $100 $200 $300 $400 $500 $600 $700 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 2022 2023
COUNTY
COUNTY $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2022 2023 Treasure Valley Market Report | May 2023
Monthly Median Sales Price
ADA
CANYON
Median
ADA & CANYON COUNTIES | SINGLE FAMILY | May 2023 474 864 522 431 602 427 369 556 440 540 640 740 840 940
Sold Prices By City
5 Active Residential Listings May 2023, month/year comparison 0 500 1000 1500 2000 2500 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2020 2021 2022 2023 ADA COUNTY 0 200 400 600 800 1000 1200 1400 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2020 2021 2022 2023 CANYON COUNTY Treasure Valley Market Report | May 2023

Active Listings by Price Range

May 2023 $300-$399 4% $400-$499 16% $500-$699 33% $700-$999 24% $1,000,000+ 23%
ADA COUNTY

Active Listings by Price Range

May 2023 CANYON COUNTY $250-$299 1% $300-$399 10% $400-$499 31% $500-$699 28%
8 Residential Closed Sales May 2023 0 200 400 600 800 1000 1200 1400 1600 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2020 2021 2022 2023 0 100 200 300 400 500 600 700 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2020 2021 2022 2023 ADA
CANYON
Treasure Valley Market Report | May 2023 Treasure Valley Market Report | May 2023
COUNTY
COUNTY
9 Treasure Valley Market Report | May 2023 Home for every family member. #GuidingYouHome

Sold Listings by Price Range

May 2023 ADA COUNTY $300-$399 12% $400-$499 27% $500-$699 26% $700-$999 20% $1,000,000+

Sold Listings by Price Range

May 2023 CANYON COUNTY $250-$299 23% $300-$399 29% $400-$499 25%
RESALE vs. NEW CONSTRUCTION | May 2023 ADA COUNTY CANYON COUNTY 883 734 338 506 407 200 234 192 0 100 200 300 400 500 600 700 800 900 1000 1100 1200 1300 2020 2021 2022 2023 Re-Sale New 406 347 160 241 256 178 164 165 0 100 200 300 400 500 600 700 800 900 1000 2020 2021 2022 2023 Re-Sale New Treasure Valley Market Report | May 2023 12
Residential Closed Sales

Let

Treasure Valley Market Report | May 2023 13
us help you find the perfect home for your family.

Annual Average Interest Rates

Treasure Valley Market Report | May 2023 14
30 - year fixed mortgage 4.24% 3.85% 3.65% 3.99% 4.54% 3.94% 3.11% 2.95% 5.35% 6.410% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Treasure Valley Market Report | May 2023 15 Looking for the best loan officers in town? We have you covered!

The information in this report is compiled from a report given by Boise Regional REALTORS® and the Intermountain Multiple Listing Service and to the best of our knowledge is accurate and current. ©Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Information deemed reliable nut not guaranteed and should be independently verified.

cbboise.com Treasure Valley Market Report
May 2023
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