Charts display average sales prices of new vs existing homes by quarter from 2005.
Ada County Home Values Summary Report-
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. 2015 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.