Treasure Valley home prices reached new highs in January with both Ada and Canyon counties setting new records.
Single-family median home prices jumped 16.63 percent in the Ada County to $279,900. The largest year over year increase in four years. Early bird sellers are benefiting from the lack of competition with packed open houses and multiple offers on anything under $220,000.
Prices in Canyon County leaped an astounding 21.46 percent to finish the first month of the year at $194,450. An appreciation rate we haven’t seen in since 2014.
The median price of a single-family home in Boise grew 13.93 percent to $256,000. Total number of homes on the market fell to a 0.76 month supply.
Keep in mind that January 2017 was the peak of Boise’s…