We Know Boise Real Estate
May, 2018
Found 2 entries for May, 2018.

Why Boise Is Quickly Becoming a Tech Powerhouse

In 2014, TIME Magazine called Boise “a techy boomtown.” Four years later, their moniker for the City of Trees is proving more than accurate.

Over the past decade, Boise has been experiencing an increasingly rapid influx of skilled workers looking for new jobs in the tech industry and fleeing less affordable areas like Los Angeles, Portland, and Seattle.

Boise’s population boom earned the area Forbes’ number one spot in the U.S. this year for overall growth.

The migration has brought in individuals and their families looking for quality schools, lower cost of living, better access to recreation, and shorter commutes, and Boise keeps delivering on every metric.

With a projected wage growth in 2018 of 7.27% and a job growth of 3.58% in 2017

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Ada County Homes Selling in 8 Days; Prices Slip

The median cost for a single-family home in Ada County dropped nearly $10,000 to $297,073 last month. Prices in Canyon County finished April at $208,950, down $3,000 from the month prior.

After reaching $300,000 for the first time in March, Boise prices dipped to $275,000 in April, albeit in line with the record we set this February.

While a decline in home prices in Spring, particularly April, is unusual it's likely to be short-lived.

Throughout the Treasure Valley, properties are selling in a mere 8 days. The fewest days on market since electronic records have been kept (2004).

Over the previous 12 months, home values are up 17.42 percent in Ada County and 16.14 percent in Canyon County. House prices in Boise have risen  15.11 percent.

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