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How much more do new homes cost?

Main Idaho Real Estate Insights
This week Build Idaho is researching home values across the Treasure Valley and learned an interesting little fact about NEW home values

People were paying on average $60k dollars more for a new home!

While this fact is accurate it is also relative. Boise Realtors will acknowledge that new homes offer a greater value with new roofs, new appliances, flooring, the latest in construction technology including energy efficientcy and also modern designs.

$60k may seem like a lot but, Build Idaho would note that it is only relative. First, there are not a lot of choices in homes for sale in Ada County so this is driving new construction sales. Secondly, new construction is very much a nich purchase and many home buyers are also purchasing a lifestyle as well as the home which can cost more. For example, living in a planned community with amenities as opposed to living just off of a road or in an older community that does not have a community pool or playground.

Home Value Reports will be out this week.

Locate new subdivisions in Treasure Valley

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Do your homework and enjoy the search!

Trey Langford

Posted by tlangford at 11/5/2012 2:38:00 PM

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