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March
18

March 18th, 2024 by


From Our Friends At Boise Regional REALTORS®

ADA COUNTY

MEDIAN SALES PRICE —

  • In Feb 2024, single-family homes sold for nearly $10k more than Jan 2024 and almost $30k compared to Feb 2023. 
  • New construction leaped by approx. $25k compared to last month and Feb 2023.

HOMES SOLD —

  • Sales are still in a slumber compared to 2023 but experienced double-digit MOM boosts across the board since Jan 2024. 
  • Of the 527 sales, 44 of them sold for over $1 million.

PENDING SALES —

  • Feb 2024 was the first time pending sales have crested over 1,000 signed contracts since May 2023.
  • New construction hasn't seen this much market heat in pending sales since Aug D 2022.

INVENTORY —

  • The spike in inventory has us drooling. While we saw an uptick in MSP (likely due to overall market warmth), the increased options give buyers variety in the market. We're still in a seller's market but there's room for negotiation.

DAYS ON MARKET —

  • While it may be expected for higher-priced homes to sit on D the market longer, the 44 homes sold for more than $1 million stayed only slightly longer than the overall average (51 days compared to 49 days).

A MESSAGE FROM BRR'S PRESIDENT —

"Shorter Days on Market can increase seller confidence in the market, knowing their listing won't lag longer than necessary. The statistics are showing signs of a strong Spring market for both buyers and sellers."

~Elizabeth Hume, Boise Regional REALTORS® 2024 President

CANYON COUNTY

MEDIAN SALES PRICE —
  • As inventory slipped away quicker and the average mortgage rate hovered below the 7% we saw in late Fall 2023, a resulting hunger likely caused this month's $10k bump in single-family home MSPs.

HOMES SOLD —

  • Affordability within and outside the housing market remains a pain point for many buyers, holding some back from pulling the trigger on a home. We can see here that the MSP bumped up while sales cooled.

PENDING SALES —

  • Resale activity revved compared to the previous 5 months, trending similarly to Aug 2023.
  • New construction has fluctuated minimally since Aug 2023, staying between 467-494 contracts.

INVENTORY —

  • Feb 2024 marked the first YOY uptick in inventory since Apr 2023.
  • Resale carried the weight in inventory rebound, adding 30 homes to the pile while new construction options decreased by 14 homes.

DAYS ON MARKET —

  • The market has cut its wait times nearly in half compared to early Spring 2023. 
  • Days on Market have consistently shortened (compared to the previous year's data) since Aug 2023.

A MESSAGE FROM BRR'S PRESIDENT —

"Canyon County's market is showing signs that it is officially on the rebound. Both median prices and inventory are up, alluding to a strong Spring market for sellers and more selection for buyers."

~Elizabeth Hume, Boise Regional REALTORS® 2024 President

To view the Treasure Valley homes currently for sale, CLICK HERE

Categories: News
February
19

February 19th, 2024 by


From Our Friends At Boise Regional REALTORS®

ADA COUNTY

MEDIAN SALES PRICE —

  • Jan was the lowest single-family home MSP we've seen since Mar 2023.
  • Resale saw a minor increase of $500 while new construction faced a $15k reduction in sold price compared to Dec 2023.

HOMES SOLD —

  • There was a greater balance between resale and new build sales in Jan with a 93-home gap (compared to Dec's 112 home gap).
  • Resale's +1.8% YOY change was the first positive rebound for sales in 21 months.

PENDING SALES —

  • Pending sales leaped to the highest number of new contracts since Jun 2023, an uptick of 132 signings compared to Dec.
  • New build pending sales have trended upward three months in a row.

INVENTORY —

  • Inventory shrank to its lowest threshold for single-family homes in 20 months with resale home options slimming by nearly 140 listings compared to Jan 2023, down by 70 homes from Dec 2023.

DAYS ON MARKET —

  • New construction accelerated from 59 days in Dec 2023 to 56 days in Jan, the only sector with quicker month-over-month speeds.
  • With an MSI of 1.0 months, resale may benefit from a reprieve in market heat.

A MESSAGE FROM BRR'S PRESIDENT —

"Positive year-over-year trends in the median sales price show a shiny outlook on homeownership. Even as some aspects of the market fluctuate, the value of owning a home remains steadfast."

~Elizabeth Hume, Boise Regional REALTORS® 2024 President

CANYON COUNTY

MEDIAN SALES PRICE —
  • The single-family home MSP dipped below the $400k threshold for the second time in the past 9 months.
  • Three homes sold under $200k in Jan while the lowest sold price in Dec was $240k, resulting in a MOM slip.

HOMES SOLD —

  • Home sales have trended below the 300-home mark since Oct 2023 but edged closer in Jan at 293 sales.
  • Resale and new builds shared a mostly equal boost at 22 (resale) and 19 (new) homes.

PENDING SALES —

  • Dec's bump in contracts helped feed Jan's closed sales but new contracts have since cooled.
  • New construction saw the only uptick in new signings.

INVENTORY —

  • Jan's overall inventory in Canyon County dwindled to the smallest selection we've seen since May 2023. ▪
  • Existing/resale options are the most limited they've been since Apr 2022.

DAYS ON MARKET —

  • In addition to the increase in number of sales in Jan, the speed in which they went under contract also heated for all sectors.
  • New construction's market times were nearly cut in half compared to Jan 2023.

A MESSAGE FROM BRR'S PRESIDENT —

"Canyon County's market warmed this month, particularly pinching availability and affordability for resale homes. Having a REALTOR® on your side will help consumers navigate competitive markets."

~Elizabeth Hume, Boise Regional REALTORS® 2024 President

To view the Treasure Valley homes currently for sale, CLICK HERE

Categories: News
February
5

February 5th, 2024 by

We're thrilled to unveil our 2023 charitable giving video! Click here to watch.

At Coldwell Banker Tomlinson, our mission to lead people home goes beyond real estate transactions. It's about making a positive impact in the communities we proudly serve.

In 2023, our agents and staff proudly contributed $386,600 and dedicated 2,300 volunteer hours to communities across Washington and Idaho. This brings our total charitable contributions to over $1.25 million since 2020.

We're honored to serve vibrant real estate markets like Spokane, Boise, Meridian, Idaho Falls, and the Quad Cities (including Pullman, Lewiston & Clarkston, and Moscow). These are more than just places...

Click Here to Read More...

Categories: News
Tags: Coldwell Banker Tomlinson
February
1

February 1st, 2024 by

 

It's that time of year again — the time where you choose a slew of financial resolutions, keep them up for a few weeks … and inevitably drop them before March. Rinse and repeat.

If you're ready to break the Resolution Cycle of Doom, you should know one key strategy for sticking to resolutions: Pick the easiest, least glamorous goals first. Then you can use that momentum to tackle bigger ones down the line.

Of course, that's easier said than done. Use these simple (and impactful) resolutions to get started, and you'll hit your money milestones before you know it!

 

  1. Review Your Finances

The beginning of the year is ideal for taking...

Click Here to Read More...

Categories: News
January
22

January 22nd, 2024 by


From Our Friends At Boise Regional REALTORS®

ADA COUNTY

MEDIAN SALES PRICE —

  • A home built in 2019 sold for $3.7M in Dec 2023, positively weighing the year-over-year scales.
  • We haven't seen the MSP dip below $517K since Dec 2022 — a $13K decrease compared to Nov 2023.

HOMES SOLD —

  • Recent slow-downs in pending contracts caught up to sales in Dec 2023, slipping in all three sectors year-over-year.
  • New construction activity was the only group to experience monthly increases.

PENDING SALES —

  • Dec marked the first month-over-month spike in pending activity since May.
  • In addition to higher sales, new construction saw the biggest bump in signed contracts in Dec 2023.

INVENTORY —

  • Inventory dwindled across the board this month, leaving Ada County at a deficit for demand which is evident in this month's MSI.
  • Just three months ago (Sep), we were at nearly double the current inventory for resale.

DAYS ON MARKET —

  • Market speeds remain faster compared to last year but have cooled month-over-month since Jun.
  • Homes that sold for $200-$400K sold at an average of 30 days versus 41 days for $1M+ homes.

A MESSAGE FROM BRR'S PRESIDENT —

"This month's changes in Median Sales Price have shown the impact that higher-dollar sales can have on the market's perception. Knowing what is selling and when can help us see a clearer picture of what the market is doing."

~Elizabeth Hume, Boise Regional REALTORS® 2024 President

CANYON COUNTY

MEDIAN SALES PRICE —
  • Single-family homes sold for approximately $11K more than Nov 2023 with 7 homes selling for more than $1M.
  • Homes below the MSP ($200K-$400K) sold an average of 20 days than those above ($400K-$600K).

HOMES SOLD —

  • While pending sales were up, closed sales snoozed in Dec.
  • This has been the third consecutive month of cooler sales numbers which seems contradictory when reviewing MSP trends for the month.

PENDING SALES —

  • Closed sales can expect to heat up a bit soon after this month's uptick in pending contracts.
  • This month was the first increase YOY and MOM for resale contracts in 4 months.

INVENTORY —

  • Inventory took a nearly 100-home hit in Dec 2023, bringing the MSI down from 2.3 to 2.1.
  • Resale homes remain hungry for new listings, sitting at only 1.6 months of supply.

DAYS ON MARKET —

  • Dec's slight bog in market times may provide a much-needed pressure release from pending sale heat and demand.
  • New construction slowed the most, waiting nearly 20 days longer than the month before.

A MESSAGE FROM BRR'S PRESIDENT —

"December's numbers in Canyon County prove that winter isn't always the slowest of the months. Living situations, relocations, and family dynamics change throughout all seasons, creating market opportunities year-round."

~Elizabeth Hume, Boise Regional REALTORS® 2024 President

To view the Treasure Valley homes currently for sale, CLICK HERE

Categories: News
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David Wesely
David Wesely Office: (208) 861-0444 Cell: (208) 861-0444 Email Me
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/14/2026. The listing information on this page last changed on 03/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/14/2026 7:36:11 AM EST) or INTERMOUNTAIN MLS (last updated Sat 03/14/2026 7:32:14 AM EST). Real estate listings held by brokerage firms other than Coldwell Banker Tomlinson may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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