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Boise Idaho Home Sales – July 2019

August 16, 2019

Boise Idaho Home Sales Activity For July 2019

Boise Idaho Home Sales

Boise ID Homes For Sale

  • # Available: 1,715    Click here to view all homes for sale in Boise, ID
  • Average Asking Price: $514,691
  • Median Asking Price: $419,459
  • Months’ Supply: 1.7

Boise ID Pending Sales

  • # Pending: 1,742
  • Average Asking Price: $434,985
  • Median Asking Price: $380,000

Closed Boise ID Home Sales – July 2018

  • # Closed: 1,164
  • Average Sales Price: $364,883
  • Median Sales Price: $316,000

Closed Boise ID Home Sales – July 2019

  • # Closed: 1,170
    % Change: +.50%
  • Average Sales Price: $390,401
    % Change: +7.0%
  • Median Sales Price: $349,000
    % Change: +10.4%

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Data extracted from Intermountain MLS on 8/7/19 and pertains to Boise Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past twelve months.

Boise Idaho Home Sales: First Half Comparisons

July 18, 2019

2019 vs. 2018 Boise Idaho Home Sales ~ First Half Comparisons

Boise Idaho Home

Available Listings

  • 2018: 1,469
  • 2019: 1,737
  • % Change: +18.2%

Pending Sales

  • 2018: 1,847
  • 2019: 1,745
  • % Change: -5.5%

Closed Sales (YTD)

  • 2018: 5,642
  • 2019: 5,511
  • % Change: -2.3%

Average Sales Price (on 7/1)

  • 2018: $368,995
  • 2019: $402,777
  • % Change: +9.2%

Median Sales Price (on 7/1)

  • 2018: $324,147
  • 2019: $353,500
  • % Change: +9.1%

Commentary

  • If current trends continue in the second half of this year, we will close around 11,000 sales in 2019 (a decline of about 5%).
  • We could sell more homes if we had them.
  • One-third of all Ada County home sales are new homes now.
  • Our builders are building spec homes, with no selections allowed in most instances, and often selling them before completion.
  • Our builders are unable to build fast enough to meet demand.
  • Many potential sellers are reluctant to sell without first securing another home, which exacerbates our shortage of listing inventory.
  • Most builders will not accept an offer contingent upon selling another home, which also contributes to our shortage of listing inventory.
  • Many (most?) of our buyers are from other states, leaving us vulnerable if those markets weaken.
  • We are not in a bubble, our market is driven by strong demand vs. inadequate supply of homes.

Data pertains to Ada County single-family homes on lot or acreage.

Data does not include condo or townhome properties.

Date range = 7/1/18 through 6/30/19

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Boise Idaho Home Sales – June 2019

July 12, 2019

Boise Idaho Home Sales Activity For June 2019

Boise Idaho Home Sales

Boise ID Homes For Sale

  • # Available: 1,737    Click here to view all homes for sale in Boise, ID
  • Average Asking Price: $516,372
  • Median Asking Price: $419,000
  • Months’ Supply: 1.8

Boise ID Pending Sales

  • # Pending: 1,745
  • Average Asking Price: $427,396
  • Median Asking Price: $375,000

Closed Boise ID Home Sales – June 2018

  • # Closed: 1,262
  • Average Sales Price: $366,488
  • Median Sales Price: $320,000

Closed Boise ID Home Sales – June 2019

  • # Closed: 1,109
    % Change: -12.1%
  • Average Sales Price: $402,777
    % Change: +9.9%
  • Median Sales Price: $353,500
    % Change: +10.5%

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Data extracted from Intermountain MLS on 7/6/19 and pertains to Boise Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past twelve months.

Boise Idaho Home Sales – May 2019

June 14, 2019

Boise Idaho Home Sales Activity For May 2019

Boise Idaho Home Sales

Boise ID Homes For Sale

  • # Available: 1,604    Click here to view all homes for sale in Boise, ID
  • Average Asking Price: $521,985
  • Median Asking Price: $424,330
  • Months’ Supply: 1.7

Boise ID Pending Sales

  • # Pending: 1,831
  • Average Asking Price: $424,223
  • Median Asking Price: $374,900

Closed Boise ID Home Sales – May 2018

  • # Closed: 1,230
  • Average Sales Price: $350,224
  • Median Sales Price: $305,000

Closed Boise ID Home Sales – May 2019

  • # Closed: 1,186
    % Change: -3.6%
  • Average Sales Price: $389,534
    % Change: +11.2%
  • Median Sales Price: $342,632
    % Change: +12.3%

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Data extracted from Intermountain MLS on 6/9/19 and pertains to Boise Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past twelve months.

Boise Idaho Home Sales – April 2019

May 16, 2019

Boise Idaho Home Sales Activity For April 2019

Boise Idaho Home Sales

Boise Idaho Homes For Sale

  • # Available: 1,457    Click here to view all homes for sale in Boise, ID
  • Average Asking Price: $511,674
  • Median Asking Price: $424,900
  • Months’ Supply: 1.5

Boise ID Pending Sales

  • # Pending: 1,840
  • Average Asking Price: $423,643
  • Median Asking Price: $366,056

Closed Boise ID Home Sales – April 2018

  • # Closed: 925
  • Average Sales Price: $347,513
  • Median Sales Price: $296,900

Closed Boise ID Home Sales – April 2019

  • # Closed: 940
    % Change: +1.6%
  • Average Sales Price: $377,144
    % Change: +8.5%
  • Median Sales Price: $330,000
    % Change: +11.2%

Boise Idaho Community Information

Tour of Boise Idaho Video

Boise River Greenbelt Video

Snake River Valley Wine Region Video

Boise Idaho Fall Color Video

Data extracted from Intermountain MLS on 5/5/19 and pertains to Boise Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past twelve months.

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Phil Hoover
Real Estate Broker
Phil Hoover, Inc

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