May 2021
MARKET SNAPSHOT
2
ADA COUNTY
CANYON COUNTY
Median Sales Price
Median Sales Price
$523,250
$410,000
Up 45.3% year over year
Up 48.0% year over year
Active Listing Inventory
Active Listing Inventory
570
357
Down 54.0% year over year
Down 35.4% year over year
Average Days On Market
Average Days On Market
12
12
Down 57.1% year over year
Down 63.6% year over year
Closed Sales
Closed Sales
790
463
Down 5.4% year over year
Up 15.2% year over year
Treasure Valley Market Report | May 2021
Monthly Median Sales Price Comparison May 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
2020
2021
CANYON COUNTY $450 $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 | May 2021
3
Active Residential Listings May 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 | May 2021
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
“Home isn’t a place; it’s a feeling.” ~ Cecelia Ahern
Treasure Valley Market Report | May 2021
5
Active Listings by Price Range May 2021
ADA COUNTY $500-$699 33% $400-$499 20%
$300-$399 7%
$700-$999 20% $250-$299 0% $1,000,000+ 20%
6
Treasure Valley Market Report | May 2021
Active Listings by Price Range May 2021
CANYON COUNTY $300-$399 20%
$400-$499 43%
$250-$299 5%
$200-$249 1% $500-$699 31%
Treasure Valley Market Report | May 2021
7
#GuidingYouHome
8
Treasure Valley Market Report | May 2021
Residential Closed Sales May 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 | May 2021
9
Sold Listings by Price Range May 2021
ADA COUNTY $400-$499 32%
$300-$399 14% $500-$699 30% $250-$299 0%
$1,000,000+ 8% $700-$999 16%
10
Treasure Valley Market Report | May 2021
Sold Listings by Price Range May 2021
CANYON COUNTY $300-$399 41%
$250-$299 5%
$400-$499 37%
$200-$249 3%
$500-$699 14%
Treasure Valley Market Report | May 2021
11
Residential Closed Sales RESALE vs. NEW CONSTRUCTION | May 2021
ADA COUNTY 1300
Re-Sale
1200
New
590
700
671
800 600
270
318
400
363
500 300
269
900
809
1000
871
1100
200 100 0
2018
2019
2020
2021
CANYON COUNTY 1000
Re-Sale
900
New
800 700
84
135
200 100 0
12
174
300
153
275
400
341
369
500
430
600
2018
Treasure Valley Market Report | May 2021
2019
2020
2021
Every home tells a story. Let us help you create yours.
Treasure Valley Market Report | May 2021
13
Annual Average Interest Rates 30-year fixed mortgage
2021
2.94%
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 | May 2021
14
Looking for the best loan officers in town? We have you covered! www.iccu.com/CBT
Treasure Valley Market Report | May 2021
15