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Real Estate Market

Boise Home Values

The median sales price for single-family houses in Boise, ID from November 1st to the 30th is $299,900 based on 395 home sales. The average price per square foot for Boise is $178, an increase of 16.34 percent compared to the same time last year. November Boise real estate market summary:

  • The median list price increased to $299,900 (up 20.01% from twelve months ago)
  • The median sold price increased to $299,900 (up 19.96% from twelve months ago)
  • Total home sales declined to 395 (down from 441 twelve months ago)
  • Median days on market rose to 15 days (up 1 day from twelve months ago)
  • Available homes for sale declined to a 1.17 months supply (down from 1.23 twelve months ago)
  • 30-year fixed-rate mortgage rates increased to 4.87% (up from 3.92% twelve months ago)

*Includes both new and existing home sales.

Found 51 blog entries about Real Estate Market.

Boise Real Estate Market Update May 16

The higher level of available homes for sale in May kept home prices little changed from April. Overall we are still very much in a sellers market. The inventory of homes remains extremely low, and demand remains high. May Boise real estate summary:

  • The median list price increased to $229,000 in May (up 9.05% from 12 months ago)
  • The median home price increased to $227,522 in May (up 8.86% from 12 months ago)
  • Total home sales increased to 513 in May (up 5.77% from 12 months ago)
  • Median days on market increased to 8 days in May (unchanged 12 months ago)
  • Available homes for sale increased to a 1.57 months supply in May (down 48% from 12 months ago)
  • Mortgage rates decreased to 3.60% in May (down 0.24% from 12 months ago)

Local

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Boise Real Estate Market Update Apr 16

The current trend in April – higher home prices, low inventory of homes and extremely high demand. Boise real estate is more popular than ever. April housing market summary:

  • The median list price increased to $229,450 (up 14.78% from last year)
  • The median home price increased to $226,700 (up 13.35% from last year)
  • Total home sales increased to 470 (up 12.71% from last year)
  • Median days on market decreased to 7 days (down 50% from last year)
  • Available homes for sale decreased to a 1.51 months supply (down 54% from last year)
  • Mortgage rates decreased to 3.61 percent

Local Real Estate Markets in April

Caldwell, Idaho

  • Median List Price $145,000
  • Median Sold Price $144,900
  • Days on Market 12
  • Total Sold 111

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Boise Real Estate Market Update Mar 16

The current trend in the Boise real estate market – higher home prices, low inventory of homes and extremely high demand. Boise Idaho real estate is more popular than ever. March housing market summary:

  • The median list price increased to $220,000 (up 1.90% from last year)
  • The median home price increased to $219,950 (up 2.38% from last year)
  • Total home sales increased to 434 (up 8.77% from last year)
  • Median days on market decreased to 15 days (down 42% from last year)
  • Available homes for sale increased slightly to a 1.97 months supply (down 55% from last year)
  • Mortgage rates increased to 3.71 percent ( up .01% from last year)

*Refers to March 2015.

Beginning this month we are we are combing new and existing home statistics

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Boise Real Estate Market Update Feb 2016

The Boise real estate summary for February:

  • The median list price increased to $209,000 (up 10.88% from last year)
  • The median home price increased to $207,000 (up 11.89% from last year)
  • Median days on market decreased to 24 days (down 33% from last year)
  • Available homes for sale increased slightly to a 1.60 months supply (down 58% from last year)
  • Mortgage rates decreased to 3.64 percent

Current Home Prices

February’s Boise median home price was $207,000 that’s an increase from $194,000 last month. That is a 3.5 percent increase from last year.

Existing Home Sales

In the Boise, Idaho we saw a total of 263 homes sell. Last month there were 209 homes that were sold. For the same month last year, 244 homes were sold.

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Boise Real Estate Market January 2016

In January 2016 the Boise Real Estate Market saw lower mortgage rates and very few homes for sale. Keep in mind, home sales in January’s are around half what we typically see in an average month. The numbers are always going to be exaggerated. Let’s take a look at the real estate market numbers for Boise, Idaho:

  • The median list price decreased to $195,000
  • The median home price decreased to $194,000
  • Median days on market increased to 33 days
  • Available homes for sale increased to a 1.45 months supply
  • Mortgage rates decreased to 3.79 percent

Boise Home Prices

The Boise median home price in December came in at $194,000. That is a decline from the $200,000 we saw last month. At this time last year, the median was $185,000.

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Boise Idaho Real Estate Market Update – December 2015

In December the Boise Real Estate Market saw an active holiday season, higher mortgage rates and fewer homes for sale. Major takeaways:

  • The median list price deceased to $204,950
  • The median home price decreased to $200,000
  • Median days on market increased to 31 days
  • Available homes for sale decreased to a 1.39 months supply
  • Mortgage rates increased to 4.01 percent

Home Prices

The Boise median home price in December came in at $200,000. That’s a slight decline from the $202,450 we saw last month. Overall Boise real estate price trends remain strong. Overall At this time last year the median was $190,000.

Existing Home Sales

In the Boise, Idaho we saw a total of 345 homes sell. Last month there were 288 homes that were

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Real Estate Market Update November 2015

As expected November brought higher home prices to the Boise Real Estate Market. Major takeaways:

  • The median list price increased to $204,950
  • The median home price increased to $202,450
  • Median Days on market decreased to 17 days
  • Available homes for sale are at decade lows
  • Mortgage rates remain at historic lows

Note: We believe existing homes for sale are the best way to gauge current home prices and real estate market trends. New construction home prices are much more volatile and tend to exaggerate the numbers, particularly on a month to month basis.

Boise Home Prices

The Boise median home price in November came in at $202,450. This is an increase from the YTD median home price of $199,565 and October’s median price of

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Boise Idaho Real Estate Market Update October 2015

A change in seasons has not brought a change in the Boise Housing Market. In the first quarter of this year we saw fewer homes for sale than we had seen in the past ten years. Not much has changed. For October and the third quarter of this year we are still seeing available homes for sale at a decade low.

Existing homes for sale are the best way to gauge current home prices and real estate market trends. New construction home prices are much more volatile and tend to exaggerate the numbers, particularly on a month to month basis.

Home Sales

In the Boise, Idaho we saw a total of 362 homes sell. Compared to September of this year, this is a decrease from the 371 homes that were sold. From this exact same time last year, in October of 2014 we

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ADA County Rental Market Summary Q3 2015. Vacancy rates dropped 0.4% to finish the 3rd quarter of 2015 at 3.4%. This is a 0.9% increase from Q2 2014 when vacancies stood at 2.5%. The largest decrease in vacancy rates from last quarter were in Multifamily investment properties. Multifamily vacancies dropped from 4.5% to 3.3%. Single family vacancies increased 0.5% to 3.5%. This is the third quarter in a row we have seen single-family vacancies increase. Although vacancies are only 0.2% higher than the third quarter of 2014.

Overall rents increased 3.0% during the quarter. Rental rates increased slightly for single family rental homes, with an average of $22 to $1,276 from $1,254. There was a large increase of $82, in rental rates for multi-family homes,

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Boise Real Estate Market September 2015

Fall is officially in the air and while the leaves are starting to fall – real estate prices here in Boise, Idaho are holding steady. For the Boise real estate market in September 2015 we had a total of 371 home sales in the immediate Boise area. This is a decline of about 39 homes versus August but an increase from the 17 homes sold the exact time of last year.

The Boise median home price clocked in at $202,000. Lately, we have been flirting between high $190’s-200’s so this doesn’t come as a surprise however this is an increase from the median sold price we saw in August of $199,500. Rewind back to Sept of 2014, our median sales price was $185,450. One key thing to point out is that usually, as we approach closer to the end of the year, we start

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