Charts display average sales prices of new vs existing homes by quarter from 2005.
This chart clearly indicates that new construction is in demand. This may be influenced by the lack of inventory of existing homes and the quality of what is available for sale. Many home buyers have also gotten frustrated with the hype of finding a 'deal' whether it be a short sale or foreclosure which is why they decide to get what they want by buying a new home. With the overall lack of quality homes for sale in existing home, new homes for sale and builders have done well. 2016 should continue to see home values increase and new construction will more than likely thrive with the arrival of so many from out of state.
"Boise" is divided into different areas to segment the market. This helps with not only seperating home values but also home searches as each area within Ada County is unique. Search Boise Homes for Sale by Area
MLS Area 100
While there have been dramatic swings in home values between quarters, north Boise is relatively stable in terms of real estate values.
Median Home Values
MLS Area 200
NE Boise has remained strong and steady with popular areas like Harris Ranch and other Foothill communities.
MLS Area 300
Southeast Boise is popular with easy access to downtown Boise and Micron. The growth of the area has also spurred major department store to move in.
MLS Area 400
The Boise Bench is best symbolized by the Boise Depot Train Station.
MLS Area 500
SW Boise, south of I84, is popular for people who need a little more open space and don't need to be as close to retail areas.
MLS Area 600
West Boise is most recognized for the area just north of I84 from Cole Rd to Eagle Rd. So within this area is St. Likes, The Mall, Cabellos and 100's of other stores and restaurants.
MLS Area 800
The is basically from Boise River along State Street north into the Foothills
source: Intermountain MLS
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