October 2021
MARKET SNAPSHOT
2
ADA COUNTY
CANYON COUNTY
Median Sales Price
Median Sales Price
$533,950
$422,445
Up 30.2% year over year Down 0.2% over last month
Up 31.2% year over year Up 0.1% over last month
Active Listing Inventory
Active Listing Inventory
1,145
745
Up 158.5% year over year Down 8.4% over last month
Up 290.1% year over year Down 4.5% over last month
Average Days On Market
Average Days On Market
23
26
Down 21.1% year over year Up 21.1% over last month
Up 44.4% year over year Up 36.9% over last month
Closed Sales
Closed Sales
986
556
Down 17.2% year over year Down 1.2% over last month
Down 1.6% year over year Up 1.9% over last month
Treasure Valley Market Report | October 2021
Monthly Median Sales Price Comparison October 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 | October 2021
3
Active Residential Listings October 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 | October 2021
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
“Where we love is home, home that our feet may leave, but not our hearts.” - Oliver Wendell Holmes
Treasure Valley Market Report | October 2021
5
Active Listings by Price Range October 2021
ADA COUNTY $500-$699 31%
$400-$499 28%
$300-$399 5%
$250-$299 1% $1,000,000+ 13%
6
Treasure Valley Market Report | October 2021
$700-$999 22%
Active Listings by Price Range October 2021
CANYON COUNTY $400-$499 30% $300-$399 26%
$250-$299 1%
$200-$249 1%
$500-$699 24% $1000000+ 6%
$700-$999
12%
Treasure Valley Market Report | October 2021
7
#GuidingYouHome
8
Treasure Valley Market Report | October 2021
Residential Closed Sales October 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 | October 2021
9
Sold Listings by Price Range October 2021
ADA COUNTY $400-$499 26%
$500-$699 31%
$300-$399 10%
$250-$299 1%
$1,000,000+ 8% $700-$999 24%
10
Treasure Valley Market Report | October 2021
Sold Listings by Price Range October 2021
CANYON COUNTY $300-$399 24%
$250-$299 25%
$200-$249 4% $400-$499 22% $1,000,000+ 1%
$700-$999 6%
$500-$699 18%
Treasure Valley Market Report | October 2021
11
Residential Closed Sales RESALE vs. NEW CONSTRUCTION | October 2021
ADA COUNTY 1300
Re-Sale
1200
New
1100
714
800
724
900
764
822
1000
700 600
300
226
307
266
400
360
500
200 100 0
2018
2019
2020
2021
CANYON COUNTY 1000
Re-Sale
900
New
800 700 600
137 78
200 100 0
12
176
300
190
364
383
327
400
352
500
2018
Treasure Valley Market Report | October 2021
2019
2020
2021
Every home tells a story. Let us help you create yours.
Treasure Valley Market Report | October 2021
13
Annual Average Interest Rates 30-year fixed mortgage
2021
2.93%
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 | October 2021
14
Looking for the best loan officers in town? We have you covered! www.iccu.com/CBT
Treasure Valley Market Report | October 2021
15