Build Idaho | 2020 BOISE IDAHO REAL ESTATE BLOG
Boise Idaho New Construction Report June 2015 Main Idaho Real Estate Insights

Each month Build Idaho reviews building activity to see what is going in with new construction across Treasure Valley. We review sales activity, overall home building activity and any trends we see happening in the local real estate market. We also review who is building and where homes are selling. Welcome to this month's report.

The Boise Idaho Real Estate Market is for  SELLERS!

Lower inventory levels and increase sales have driven home values up again this spring. Last month was the Parade of Homes which historically drives a lot of buyers. Many homes will be starting this month and in the coming weeks, due to this home show. Home sales in July are commonly slower, keep in mind that homes normally take at least 4 months to build a new home.

Sales were way up in May

Ada County 2015 2014 %
Total Sales 901 787 +14%
Pendings 1523 1161 +32%
Canyon County 2015 2014 %
Total Sales 355 330 +7.5%
Pendings 575 521 +10%

 

Compare Price and Inventory

Ada County 2015 2014 %
Median Price $229,000 $209,900 +9%
Inventory 2,361 2,680 <12%>
Canyon County 2015 2014 %
Median Price $144,200 $130,900 10%
Inventory 1165 1388 <16%>

 
Posted by tlangford at 7/15/2015 5:12:00 PM
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Michelle Penick, Boise Idaho Real Estate Agent

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Michelle Penick

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