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Idaho Real Estate Market Statistics

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Written by Don Wixom

Here are a few graphs showing the most recent activity compiled by Langston & Associates here in the Boise area.

These graphs show number of sales in both Ada & Canyon counties as well as average days on market (DOM) and other sales trends.

2007 has begun with plenty of supply in the housing market and what seems like the bottom of the curve for prices and "best values" for buyers. Depending on your particular price range, it may be a buyer's market or it could be a seller's market. Right now, in the Nampa area, in the price range close to $300,000, I would say it is a buyer's market. There are more houses to choose from than ever before, in this price range.

I hope you will enjoy these charts and moreover, will send your friends and family my way, whenever they need to buy or sell Idaho Real Estate! Thank you!

Ada County Pricing and Marketing Time

Hopefully you can see this graph well enough to see that it identifies the various areas of Ada County and correlates the average sale price for each area. Eagle is the high spot and the marketing time has decreased there as well, within the last few weeks.

Weekly Comparison of Canyon County Sales

This graph shows the number of actual sales in direct comparison to the number of days on market (DOM). Typically this graph will be a mirror image; the more activity or number of sales usually leads to quicker marketing time. It almost creates a feeding frenzy effect or the complete opposite.

Ada County Active Lisitngs

There is currently a large inventory of homes on the market, however, you can see the decrease from the first week in December of '06 in Ada County.

Canyon County Active Listings and Volume

Canyon County is sporting more inventory than at Christmas time, but that is typical following the holidays. Lots of builders have "over-spec'd" the market, especially in the $300,000 range. Canyon County is in need of houses in the $150,000 range.. the bread and butter price range.

Ada County Weekly Comparison and Area Graph

Again, you will notice the mirror image on the top graph, showing a direct opposition of number of houses sold to the number of days on the market. Ada County is no exception.

Canyon County Comparison

A 2 month decrease in sales, but in the past week, a 23.9% increase... Things are moving up in Canyon County!

Don't miss out on the opportunity to purchase your investment properties before the prices begin to increase this summer. Call me today for a consultation or brain storm session for your investments!

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"Thanks to Don Wixom, we have been enjoying our new home for six months now. Don as the realtor selling our house worked very hard for us. He helped us through all the complex paperwork involved in making offers, getting a loan, etc. Don paid attention to detail and kept us well informed about how things were going. When things needed to be done, Don was readily available, seeing us through a home inspection, even crawling under the house in the dirt and cobwebs when we asked him to. Don was always only a phone call away. We still remember his phone number, we called him so much! Don has a wealth of experience and resources to offer. We would definitely recommend him to anyone wanting to buy or sell real estate."

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