Treasure Valley Market News

13 09 2016

AUGUST 2016 Inside Scoop – Ada County
1. Sales are down 4% from last month, 20% up from this same month last year. Chart A3

2. Pending sales are down 4% from last month, up 25% from a year ago. So exactly the same as a month ago – Pendings still showing strength compared to last year. Chart A47, A48, & A49.

6. Year to date sales units up 14% from a year ago Chart A4. The year to date dollar volume is 21% higher this year. Remember our 7/21 class “mid year price projection!” So keep watching this spread – it is at 7% now. Chart A6.

11. Inventory is DOWN 2% from last month and 11% lower than last year at this time. This is a very significant number. Watch this, if it stays this much below last year’s levels price increases will heat up even more. Right now I am projecting a 6.5% increase in Median Resale Equity Pricing for 2016 compared to 2015. Eagle will double that! Charts A16 & A17

AUGUST 2016 Inside Scoop – Canyon County

1. Sales are UP 9% from last month. Comparing this month to the same month last year there is a 9% increase. Chart C3

2. Pending sales are down 4% from last month. UP 23% from this same month last year. Chart C47, C48, & C49.

6. Year to Date Sales Units up for 2016. 13% cumulative Year to date. Year to date dollar volume is 26% higher. Chart C4. This will be the year for big price increases in Canyon County as more and more buyers are headed west out of Ada to find affordable housing.

11. Inventory is down 1% from last month; and 17% lower than last year at this time. Here come higher prices! Charts C16 & C17

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