january 2021
MARKET SNAPSHOT
2
ADA COUNTY
CANYON COUNTY
Median Sales Price
Median Sales Price
$454,000
$338,490
Up 25.0% year over year
Up 32.2% year over year
Active Listing Inventory
Active Listing Inventory
269
160
Down 75.9% year over year
Down 76.4% year over year
Average Days On Market
Average Days On Market
18
15
Down 66.0% year over year
Down 70.6% year over year
Closed Sales
Closed Sales
519
288
Down 28.1% year over year
Down 13.5% year over year
Treasure Valley Market Report | January 2021
Monthly Median Sales Price Comparison January 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 | January 2021
3
Active Residential Listings January 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 | January 2021
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
“If I were asked to name the chief benefit of the house, I should say: the house shelters daydreaming, the house protects the dreamer, the house allows one to dream in peace.” ~ Gaston Bachelard
Treasure Valley Market Report | January 2021
5
Active Listings by Price Range January 2021
ADA COUNTY $400-$499 42%
$300-$399 12%
$250-$299 3% $500-$699 22%
$1,000,000+ 11%
6
Treasure Valley Market Report | January 2021
$700-$999 10%
Active Listings by Price Range January 2021
CANYON COUNTY $300-$399 28%
$250-$299 5%
$200-$249 3% $400-$499 49%
$500-$699 15%
Treasure Valley Market Report | January 2021
7
“Home is the nicest word there is.” ~ Laura Ingalls Wilder
8
Treasure Valley Market Report | January 2021
Residential Closed Sales January 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 | January 2021
9
Sold Listings by Price Range January 2021
ADA COUNTY $400-$499 34% $300-$399 29%
$250-$299 2%
$500-$699 21%
$1,000,000+ 5% $700-$999 9%
10
Treasure Valley Market Report | January 2021
Sold Listings by Price Range January 2021
CANYON COUNTY
$300-$399 44%
$250-$299 19%
$200-$249 10%
$500-$699 5% $400-$499 22%
Treasure Valley Market Report | January 2021
11
Residential Closed Sales RESALE vs. NEW CONSTRUCTION | January 2021
ADA COUNTY 1300
Re-Sale
1200
New
1100 1000 714
569
700
307
266
400 300
325
500
245
600
353
800
724
900
200 100 0
2018
2019
2020
2021
CANYON COUNTY 1000
Re-Sale
900
New
800 700 496
600
100
12
119
137 78
200
0
186
300
213
327
400
352
500
2018
Treasure Valley Market Report | January 2021
2019
2020
2021
Every home tells a story. Let us help you create yours.
Treasure Valley Market Report | January 2021
13
Annual Average Interest Rates 30-year fixed mortgage
2021
2.73%
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 | January 2021
14
Looking for the best loan officers in town? We have you covered! www.iccu.com/CBT
Treasure Valley Market Report | January 2021
15