Boise, Idaho & Treasure Valley Real Estate Market Report for November, 2021

November 2021

MARKET SNAPSHOT

2

ADA COUNTY

CANYON COUNTY

Median Sales Price

Median Sales Price

$537,900

$409,900

Up 25.1% year over year Up 0.8% over last month

Up 27.3% year over year Down 3.0% over last month

Active Listing Inventory

Active Listing Inventory

796

586

Up 95.1% year over year Down 30.5% over last month

Up 206.8% year over year Down 21.4% over last month

Average Days On Market

Average Days On Market

29

31

Up 52.6% year over year Up 26.1% over last month

Up 72.2% year over year Up 19.3% over last month

Closed Sales

Closed Sales

891

471

Down 7.8% year over year Down 9.7% over last month

Down 16.6% year over year Down 15.3% over last month

Treasure Valley Market Report | November 2021

Monthly Median Sales Price Comparison November 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 | November 2021

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Active Residential Listings November 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 | November 2021

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

“The light is what guides you home; the warmth is what keeps you there.” - E llie Rodriguez

Treasure Valley Market Report | November 2021

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Active Listings by Price Range November 2021

ADA COUNTY $500-$699 29% $400-$499 26%

$300-$399 4%

$700-$999 24%

$250-$299 0% $1,000,000+ 17%

6

Treasure Valley Market Report | November 2021

Active Listings by Price Range November 2021

CANYON COUNTY $400-$499 28% $300-$399 24%

$250-$299 2%

$500-$699 27%

$200-$249 1% $1000000+ 6%

$700-$999

12%

Treasure Valley Market Report | November 2021

7

#GuidingYouHome

8

Treasure Valley Market Report | November 2021

Residential Closed Sales November 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 | November 2021

9

Sold Listings by Price Range November 2021

ADA COUNTY $400-$499 27%

$500-$699 30% $300-$399 13%

$250-$299 1%

$1,000,000+ 8%

10

Treasure Valley Market Report | November 2021

$700-$999 21%

Sold Listings by Price Range November 2021

CANYON COUNTY $300-$399 20%

$250-$299 30%

$200-$249 6%

$400-$499 19% $1,000,000+ 2%

$700-$999 7%

$500-$699 16%

Treasure Valley Market Report | November 2021

11

Residential Closed Sales RESALE vs. NEW CONSTRUCTION | November 2021

ADA COUNTY 1300

Re-Sale

1200

New

1100 1000

668

600

700

610

800 600

690

900

300

203

238

278

400

294

500

200 100 0

2018

2019

2020

2021

CANYON COUNTY 1000

Re-Sale

900

New

800 700 600

344 79

100 0

12

104

200

2018

Treasure Valley Market Report | November 2021

2019

2020

120

300

145

272

311

400

347

500

2021

Every home tells a story.

Let us help you create yours.

Treasure Valley Market Report | November 2021

13

Annual Average Interest Rates 30-year fixed mortgage

2021

2.98%

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 | November 2021

14

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Treasure Valley Market Report | November 2021

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