My Blog

Market Update- Ada County February 2022

 

The Ada County housing market continues to be hot in February with sale prices and volume continuing to rise. According to the latest report from Boise Regional Realtors, the average sale price for a home in Ada County is now $549,900 - up over 21.6% from last year. While inventory levels are still tight, more homes are coming onto the market, which is good news for buyers. If you're thinking of buying or selling a home this spring, it's essential to stay up-to-date on what's happening in the market. So read on for an overview of the latest trends in Boise's housing market.

 

As the winter months start to melt away a once somewhat peaceful January market. Februarys typical hit the ground running market has taken over. The average homes sales rate is a pure reflection of this. Our median sales price has scored to an all time high. A new record breaking moment that has our sellers wanting to cash out quick and our buyers eager to get their foot through the door. It goes to say year after year our market has and will keep growing at a rapid pace. 

 

One great indication that the Spring market will once again be fast paced this year is the number of days on market. From the moment a seller listed a home and locked in a contract was 23 days. Compared to January a seller had on average 33 days. According to the Boise Regional Realtors this a continuous year after year increase of 14 days which would be 155.6% this is a considerable drop! Taking these numbers into account we know our buyers have time to window shop for the right home. Even then we will need to make quick decisions on putting in offers and making them as clean as possible. 

 

 Considering our average sales price is at an all time high, it appears the on average our existing homes are receiving 99.6% of the original list price. Meaning buyers are paying slightly less than what sellers had expected In comparison to 2021 our buyers paid on average 105.5% of the asking price. 

 

New construction home sales had a large inventory on our February market adding a large contributing factor to our record breaking sales. Builders have been hard at work making up for the hard loss in 2020 adding a whopping 30.6% more inventory than what we had last year. Our new construction homes made up 36.7% of our sales. 

 

 We saw 660 sales in the valley which 418 of those sales were exiting homes on the market from the previous months. This is an increase of 21.9% in comparison to 2021 market statistics. Taking our existing and recent data we are now up 7.1% from January 2021. 

 

We ended February with 493 homes on the market. This is quite the leap by 62.7% more than last February. It's exciting to see more opportunities for our eager buyers yet we know this is still very low considering our high buyer demand. 

 

Market stats from cities within Ada County

 

Summary Boise Market

(If you would like to view homes that are currently available within the above cities simple click the above link provided.)

 

It’s clear that the real estate market is on an upswing and there has never been a better time to buy and sell. Selling your home in today’s market will result in more equity for you, while buying now will give you the opportunity to grow your wealth quickly. Follow me on social media to keep updated on all things Real Estate and Idaho events – I’ll be sure to let you know when the next hot property comes up for sale. Thanks for reading!

Its really all kinda good, there are some you should stay away from but majority is fine. not the best ever but fine. ok thank you 


here is the start of filler words 

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Purus viverra accumsan in nisl nisi scelerisque. Eu volutpat odio facilisis mauris. Hendrerit gravida rutrum quisque non tellus. Urna et pharetra pharetra massa massa. Non curabitur gravida arcu ac tortor dignissim convallis aenean. Elit at imperdiet dui accumsan sit amet nulla facilisi morbi. Cum sociis natoque penatibus et. In dictum non consectetur a erat. Auctor urna nunc id cursus. Feugiat scelerisque varius morbi enim nunc faucibus. Erat pellentesque adipiscing commodo elit at imperdiet. Lectus sit amet est placerat. Donec pretium vulputate sapien nec sagittis aliquam malesuada bibendum arcu. Ultrices gravida dictum fusce ut placerat orci nulla pellentesque. Porttitor leo a diam sollicitudin tempor id eu nisl nunc. Sapien et ligula ullamcorper malesuada proin libero. Et leo duis ut diam quam. Hendrerit dolor magna eget est lorem ipsum dolor sit amet.

Elementum nisi quis eleifend quam adipiscing vitae proin. Arcu non odio euismod lacinia at quis risus. Enim eu turpis egestas pretium aenean pharetra magna ac placerat. Ornare quam viverra orci sagittis eu volutpat odio. Maecenas pharetra convallis posuere morbi. Molestie nunc non blandit massa enim. Erat velit scelerisque in dictum non consectetur a erat nam. Nisl rhoncus mattis rhoncus urna neque. Vulputate eu scelerisque felis imperdiet. Ipsum nunc aliquet bibendum enim. Condimentum id venenatis a condimentum vitae sapien pellentesque. Egestas quis ipsum suspendisse ultrices gravida dictum fusce. Sed id semper risus in hendrerit gravida rutrum quisque. Cras adipiscing enim eu turpis egestas pretium aenean.

Integer feugiat scelerisque varius morbi enim nunc faucibus a pellentesque. Tortor at auctor urna nunc id cursus metus aliquam eleifend. Porttitor rhoncus dolor purus non enim praesent elementum facilisis leo. Eu non diam phasellus vestibulum lorem sed risus ultricies. Sollicitudin tempor id eu nisl. At risus viverra adipiscing at in tellus integer feugiat scelerisque. In nisl nisi scelerisque eu ultrices vitae auctor eu. Amet nisl suscipit adipiscing bibendum. Sed blandit libero volutpat sed cras ornare arcu dui. Nisi quis eleifend quam adipiscing vitae proin. Pulvinar neque laoreet suspendisse interdum. Ultrices neque ornare aenean euismod elementum nisi quis eleifend. Congue quisque egestas diam in arcu cursus euismod quis viverra.

Justo donec enim diam vulputate. Viverra nam libero justo laoreet sit amet. Tincidunt augue interdum velit euismod. At volutpat diam ut venenatis tellus in metus vulputate. Ornare quam viverra orci sagittis eu volutpat odio facilisis mauris. Condimentum lacinia quis vel eros donec ac odio. Enim blandit volutpat maecenas volutpat blandit aliquam etiam erat. Magna etiam tempor orci eu lobortis. Dapibus ultrices in iaculis nunc sed augue. Pellentesque habitant morbi tristique senectus et netus et malesuada fames.

Massa id neque aliquam vestibulum morbi blandit cursus risus at. Dictum at tempor commodo ullamcorper a lacus vestibulum sed arcu. Amet volutpat consequat mauris nunc congue nisi vitae. Sapien nec sagittis aliquam malesuada bibendum. Mollis aliquam ut porttitor leo a diam. Eget lorem dolor sed viverra ipsum. Risus ultricies tristique nulla aliquet enim tortor at auctor urna. Elit eget gravida cum sociis natoque penatibus et. Ut tellus elementum sagittis vitae. Vel pharetra vel turpis nunc eget lorem dolor sed viverra. Quisque egestas diam in arcu cursus euismod quis viverra. Aliquam purus sit amet luctus venenatis lectus magna fringilla. Feugiat pretium nibh ipsum consequat. Nunc faucibus a pellentesque sit. Quis blandit turpis cursus in hac habitasse platea. Odio morbi quis commodo odio aenean sed. Mattis pellentesque id nibh tortor id aliquet lectus. Nisl nunc mi ipsum faucibus vitae aliquet nec ullamcorper. Mi in nulla posuere sollicitudin aliquam ultrices sagittis.