"Is it here? Have we reached the bottom, Bev?"
Hey, I don't know about the "bottom," but I do know that things have picked up tremendously here in the Treasure Valley, and I'll just attribute it all to extremely cheap money/low interest rates, loads of great properties to choose from, motivated sellers, and outstanding, well-qualified, highly communicative real estate agents to work with.
I also know that the only time you really recognize the magic bottom is, after things truly bottom out and you start working your way back up. Seems like we're doing that now, don't you think?
Yep, everything's going to come up roses... :)

Below is a market report grid for Ada County. Data pulled from Intermountain MLS. If you would like additional information on a specific city within the county, please write Bev@AccentIdaho.com and I'll gladly oblige. Boise and Meridian both are great examples of areas so large that they are broken into several pieces, such as "NE Boise" or "Boise Bench," etc., so if you're interested in info for a specific area, please just let me know!
Eagle's average price decreased once again, but you'll notice, not quite as much as from February to March. NW Boise on the other hand, stayed nearly the same in average price, while chocking up nearly the same amount of sales; 20. Of the 20, 3 were new construction, and 17 existing homes. Similarly, Eagle's break down of their 27 solds was 4 new construction and 23 existing.
|
ADA COUNTY |
April 2009 |
March 2009 |
|
SINGLE FAMILY Number for sale |
3896 |
3852 |
|
Total Number Single Fam SOLD |
419 |
369 |
|
SOLD New Construction/Existing |
83 /336 |
71 / 298 |
|
Average Price |
$200,135 |
$197,026 |
|
Days on Market |
94 |
101 |
|
Eagle Sold |
27 |
24 |
|
Avg Eagle Price |
$298,125 |
$307,727 |
|
NW Boise Sold |
20 |
22 |
|
Avg NW Boise Price |
$208,142 |
$212,504 |
|
Out of ALL Ada County Homes Actively for Sale May 2009 |
4849 |
4798 |
|
Foreclosures Active |
239 |
233 |
|
Short Sales Active |
1004 |
948 |
|
REO's Active |
192 |
214 |
|
|
|
|
Check out the site here. I went to Eagle, ID where it says, "Try it now. Enter your city:" And then I clicked the button/link "More Info..." and captured graphs for price trends in the area, price per square foot, and even the number of homes for sale for Eagle on that given day.
Here's Boise, ID
See how you like it; I checked it against our Intermountain MLS data and it does appear to be pretty accurate. Might even link it on my Active Rain forum here, and would appreciate your feedback in the comments section below.
Below is a market report grid for Ada County. Below that is the February + January grid, I've left on here for ease of comparison. Data pulled from Intermountain MLS. If you would like additional information on a specific city within the county, please write Bev@AccentIdaho.com and I'll gladly oblige.
As yet, IMLS does not break out the foreclosure/short sale/REO data in their monthly/quarterly reports, but perhaps that is coming soon; our local listings just began utilizing these classifications for ease of searching. Boise and Meridian both are great examples of areas so large that they are broken into several pieces, such as "NE Boise" or "Boise Bench," etc., so if you're interested in info for a specific area, please just let me know! 
Could "Spring-Springing" explain the large jump in total SOLD single family homes since last month? Meanwhile, notice the larger increase in the number of SOLD new construction single family homes. Eagle's average price took a hit, while the number of Ada County single family homes actively for sale rises steadily from the beginning of this year...
|
ADA COUNTY |
March 2009 |
February 2009 |
|
Number for sale |
3852 |
3863 |
|
Total Number Single Fam SOLD |
369 |
265 |
|
SOLD New Construction/Existing |
71 / 298 |
48 / 218 |
|
Average Price |
$197,026 |
$202,768 |
|
Days on Market |
101 |
93 |
|
Eagle Sold |
24 |
16 |
|
Avg Eagle Price |
$307,727 |
$354,331 |
|
NW Boise Sold |
22 |
12 |
|
Avg NW Boise Price |
$212,504 |
$182,304 |
|
Ada County Homes Actively for Sale |
4798 |
4708 |
|
Foreclosures Active |
233 |
193 |
|
Short Sales Active |
948 |
835 |
|
REO's Active |
214 |
242 |
|
|
|
|
|
ADA COUNTY |
February 2009 |
January 2009 |
|
Number for sale |
3863 |
3764 |
|
Total Number SOLD |
265 |
232 |
|
New Construction/Existing |
48 / 218 |
51 / 181 |
|
Average Price |
$202,768 |
$210,928 |
|
Days on Market |
93 |
94 |
|
Eagle Sold |
16 |
16 |
|
Avg Eagle Price |
$358,912 |
$354,331 |
|
NW Boise Sold |
12 |
14 |
|
Avg NW Boise Price |
$182,304 |
$240,670 |
|
Ada County Homes Actively for Sale |
4708 |
4683 |
|
Foreclosures Active |
193 |
162 |
|
Short Sales Active |
908 |
835 |
|
REO's Active |
255 |
242 |
|
|
|
|
See the Local Boise News Channel Six Video here, and read the related article from the same source as well. Lots of concerned citizens of Eagle (and beyond...Star) watching this, and attending meetings such as the one held this morning at the Department of Water Resources, to voice their opinions. 
Have you driven up that way lately? Head up Highway 55, and shortly after you pass Shadow Valley Golf course, you'll see where the planned 6000+acre development is proposed to be. It does look like they've gotten a bit further with it than the proposal stage; you can't miss it.
Keep your eye on the ball--the issue is the water. How will Eagle's property values fair if we have a water shortage, or even a lengthy battle over water? Hmm.....
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