2020 Q1 Treasure Valley Real Estate Market Stats
Here's a snapshot of the Treasure Valley real estate market after the end of the first quarter of 2020.
End of Year Market Stats
With 2017 at an end, here is a look at the few years and how the market continues to grow at a steady and healthy rate.
Averages Sales Price
This graph shows the steady growth of the sales price since 2012.
Canyon County is averaging a growth of just over 9% a year while Ada County sits just below 11% at 10.94% a year.
Home Builder Confidence Highest Since New Millennium!
Home builders around the nation have become much more confident in the new real estate market. The number of builders that feel that way has risen to the highest it's been since 1999.
Read more: Home Builder Confidence Highest Since New Millennium!
Where do Buyers find Their New Home?
With the digital age in full swing, many people believe that most buyers can search for and find their new home all on their own. However, based on an independent study, licensed Realtors are still the #1 source for buyers! Take a look at the chart below to see where buyers are finding their new homes.
Friends or Family Telling You Not To Buy?
A Common thing we are hearing in this healthy real estate market is, "My friend/family member says now isn't a good time to buy." or "I'm waiting for the bubble to burst again." Well, the truth is, it's a great time to buy! Interests rates are still at all time lows and with the rising rent prices, it makes more financial sense to put your money towards something you can build equity in rather than putting it into something that will give you no return.