This report allows for home value evaluation from 1998 to 2005 and was not part of the Montebello Book.

 

ADA AND CANYON COUNTY RESIDENTIAL AND COMMERCIAL GROWTH AND

RESIDENTIAL HOME SALES/PRICES FROM 1998 to April 2005

CHAPTER X, Appendix A

 

ADA COUNTY RESIDENTIAL HOME

CHAPTER X - APPENDIX A HOME SALES/PRICES     

1998 THROUGH April 2005

 

 

Ada County - "Was Established December 22, 1864 with its county seat at Boise. Named for Ada Riggs, the first white child born in the area and the daughter of H. C. Riggs, one of the founders of Boise and a member of the Idaho Territorial Legislature. Boise became the capital of Idaho in 1865."  http://www.accessidaho.org/aboutidaho/county/ada.html

 

Preservation of the past, conservation of natural resources and traditional values maintained from generation to generation, makes the residents of Idaho well positioned for the world tomorrow.

 

Idaho Counties on the web http://www.state.id.us/aboutidaho/county/index.html

 

City of Boise Home Page http://www.cityofboise.org

 

Idaho Commerce & Labor http://www.idoc.state.id.us

 

“The Intermountain Multiple Listing Services, Inc (IMLS) http://www.intermountainmls.com is a subsidiary corporation of the Ada County Association of Realtors® http://www.adacounty-realtors.com and produces a multiple listing service for use by its Realtor members. The IMLS is subject to the Bylaws, Rules and Regulations of IMLS, subject to the approval of the Ada County Association of Realtors and is operated under the Multiple Listing Service Committee.

The Intermountain Multiple Listing Service was sought by the members who wanted to do business with other Realtors who agreed to abide by the Realtors Code of Ethics and high standards of professionalism.

The purpose of the IMLS is to make possible the orderly dissemination and correlation of listing information to its members so that Realtors may better serve the buying and selling public.

 

"These statistics are based upon information secured by agents from the property owner or their representative. The accuracy of this information, while deemed reliable, has not been verified and is NOT guaranteed. These statistics are not intended to represent the total number of properties sold in these counties during the respective time periods.  The Southwestern Idaho Regional Multiple Listing Service provides these statistics for purposes of general market analysis, but makes no representations as to the past or future appreciation or depreciation of property values."

 

Ada County Residential Home Sales statistics provided by the Intermountain Multiple Listing Services, Inc (IMLS) http://www.intermountainmls.com/rstats/AdaInterface.html 

 

New home construction within the present Boise City limits is proceeding rapidly but is limited by cost for new development, and scarce available ground for residential subdivisions. There are strong demand indications of future growth of Boise and the southwestern region of Boise is an area capable of handling population growth.

 

1998

 

“During the First Quarter of 1998 Single-Family Homes Sold in Ada County Totaled 1,106.  The average Home price was $132,400, with the Median Home price at $113,900.  New Home Construction totaled 415, with an average Home price of $148,972 and the Median Home price at $122,900.  Existing Homes sold totaled 691, with an average Home price of $122,447 and the Median Home price at $107,500” (Ref. 1A). http://www.intermountainmls.com/rstats/AdaQtr1.htm 

 

“During the Second Quarter of 1998 Single-Family Homes Sold in Ada County Totaled 2,691.  The average Home price was $135,792, with the Median Home price at $116,763.  New Home Construction totaled 982, with an average Home price of $149,243 and the Median Home price at $125,900.  Existing Homes sold totaled 1,709, with an average Home price of $128,063 and the Median Home price at $111,900” (Ref. 1B). http://www.intermountainmls.com/rstats/ada3q98.html

 

“During the Third Quarter of 1998 Single-Family Homes Sold in Ada County Totaled 4,321.  The average Home price was $138,430, with the Median Home price at $117,500.  New Home Construction totaled 1,564, with an average Home price of $153,387 and the Median Home price at $129,900.  Existing Homes sold totaled 2,757, with an average Home price of $129,855 and the Median Home price at $112,500” (Ref. 1B). http://www.intermountainmls.com/rstats/ada3q98.html

 

“During the Fourth Quarter of 1998 Single-Family Homes Sold in Ada County Totaled 5,611.  The average Home price was $140,728, with the Median Home price at $119,900.  New Home Construction totaled 2,275, with an average Home price of $150,062 and the Median Home price at $128,900.  Existing Homes sold totaled 3,336, with an average Home price of $134,355 and the Median Home price at $114,900” (Ref. 1C). http://www.intermountainmls.com/rstats/AdaQtr4.htm 

 

First through Fourth quarters of 1998 total Single-Family Homes Sold in Ada County:

 

QUARTER/YEAR

NEW CONST

EXISTING HOMES

TOTAL LISTING

1st/1998

415

691

1,106

2nd/1998

982

1,709

2,691

3rd/1998

1,564

2,757

4,321

4th/1998

2,275

3,336

5,611

TOTAL

5,236

8,493

13,729

 

January to December 1998 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998

436.33

707.75

1,144.083

 

 1999

 

"New dwelling permits issued by Ada County Development Services January through April 1999 was 272."  As reported by the Boise Metro Business Barometer 2000 Review & 2001 Outlook, Volume 8, No. 4,November 2000.

 

“During the First Quarter of 1999 Single-Family Homes Sold in Ada County Totaled 1,107.  The average Home price was $143,215, with the Median Home price at $119,000.  New Home Construction totaled 411, with an average Home price of $160,685 and the Median Home price at $133,900.  Existing Homes sold totaled 696, with an average Home price of $132,899 and the Median Home price at $110,000” (Ref. 2A). http://www.intermountainmls.com/rstats/Ada1Q99.htm 

 

“During the Second Quarter of 1999 Single-Family Homes Sold in Ada County Totaled 2,786.  The average Home price was $143,424, with the Median Home price at $120,900.  New Home Construction totaled 1,005, with an average Home price of $158,546 and the Median Home price at $132,900.  Existing Homes sold totaled 1,781, with an average Home price of $134,891 and the Median Home price at $113,062” (Ref. 2B). http://www.intermountainmls.com/rstats/Ada2Q99.htm 

 

“The National Association of Realtors pegs the growth in median home prices in 1999 at 4.4%."  As reported by John Tucker of the Idaho Statesman September 24, 2000.

 

“During the Third Quarter of 1999 Single-Family Homes Sold in Ada County Totaled 4,551.  The average Home price was $146,580, with the Median Home price at $122,500.  New Home Construction totaled 1,633, with an average Home price of $162,673 and the Median Home price at $137,900.  Existing Homes sold totaled 2,918, with an average Home price of $137,573 and the Median Home price at $114,950” (Ref. 2C). http://www.intermountainmls.com/rstats/Ada3Q99.htm 

 

“During the Fourth Quarter of 1999 Single-Family Homes Sold in Ada County Totaled 5,892.  The average Home price was $147,829, with the Median Home price at $123,500.  New Home Construction totaled 2,127, with an average Home price of $164,023 and the Median Home price at $139,800.  Existing Homes sold totaled 3,765, with an average Home price of $138,681 and the Median Home price at $115,000” (Ref. 2D). http://www.intermountainmls.com/rstats/Ada4Q99.htm 

 

Single-Family Homes Sold in Ada County during First and Fourth quarters of 1999 as compared to First and Fourth quarters of 1998:

 

QTR/YEAR

LISTING

S. F. HOMES SOLD

1 & 4 / 1999

Single-Family Homes

6,999

 

New Construction

2,538

 

Existing

4,461

1 & 4 / 1998

Single-Family Homes

6,717

 

New Construction

2,690

 

Existing

4,027

 

First through Fourth quarters of 1999 total Single-Family Homes Sold in Ada County:

 

QUARTER/YEAR

NEW CONST

EXISTING HOMES

TOTAL LISTING

1st/1999

411

696

1,107

2nd/1999

1,005

1,781

2,786

3rd/1999

1,633

2,918

4,551

4th/1999

2,127

3,765

5,892

TOTAL

5,176

9,160

14,336

 

First through Fourth Quarters of 1999 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1999

431.3

763.3

1,194.66

 

January 1998 through December 1999 total # Single-Family Homes Sold in Ada County:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998

5,236

8,493

13,729

1999

5,176

9,160

14,336

TOTAL

10,412

17,653

28,065

 

January 1998 through December 1999 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998 to 1999

433.83

735.54

1,169.375

 

2000

 

“During the First Quarter of 2000 Single-Family Homes Sold in Ada County Totaled 1,107.  The average Home price was $151,591, with the Median Home price at $123,500.  New Home Construction totaled 416, with an average Home price of $171,855 and the Median Home price at $145,447.  Existing Homes sold totaled 691, with an average Home price of $139,391 and the Median Home price at $115,000” (Ref. 3A). http://www.intermountainmls.com/rstats/Ada1Q00.htm

 

“During the Second Quarter of 2000 Single-Family Homes Sold in Ada County Totaled 1,713.  The average Home price was $151,179, with the Median Home price at $125,000.  New Home Construction totaled 673, with an average Home price of $167,027 and the Median Home price at $140,722.  Existing Homes sold totaled 1,039, with an average Home price of $141,009 and the Median Home price at $117,900” (Ref. 3B). http://www.intermountainmls.com/rstats/Ada1Q00.htm

 

“Homes in Ada County, through July, 2000, were on the market for an average of only 56 days before being purchased.  “The lower-priced starter homes get snapped up pretty quickly," Patterson said.  "More expensive homes are generally on the market a little longer."  As reported by John Tucker of the Idaho Statesman September 24, 2000.

 

Ada County single-family homes sales were up 14.5 percent in May 2000, compared to the same period in 1999.  The John L. Scott Real Estate Firm reported 2,096 homes sold, compared to 1,831 in May 1999.  Ada County existing homes sales rose 4.85 percent in May 2000, from 330 homes in May 1999 to 346 May 2000.  But year-to-date sales were down slightly, by .44 percent to 1,350 homes, from 1,356 for the first five months of 1999.  Newly constructed home sales jumped by 33.7 percent in May 2000 or from 707 to 919, compared with the same month in 1999.  Year-to-date new home sales grew by nearly 13 percent, 854 to 756.” As reported by the Boise Metro Business Barometer 2000 Review & 2001 Outlook, Volume 8, No. 4,November 2000.

 

“Boise-Caldwell area homebuyers expected to typically pay 3.5 percent more for homes by the end of 2000, as compared to December 1999 - well below double-digit increases of some recent years.  The Median price for new old existing homes in the urbanized sections of Ada and Canyon Counties is projected at $128,200.00 December 2000.  Myers, an Irvine Group made the projection, California based provider of real estate information.  If that seems high, compare it to a projected median price of $422,500.00 for the San Francisco-Oakland-San Jose area.  Despite Boise’s rapid growth in new housing - 10th highest in the nation - real estate price inflation was relatively low.  The Boise area at the close of 2000, ranked 42nd among the nation’s top 75 markets in the projected increase in median housing prices, according to The Myers Group.

 

The company’s analysis predicted that the volume of permits issued to build new homes in the Boise-Caldwell area likely will decline by 10 percent during the year 2000- as demand for homes is reduced by higher mortgage rates.  Sale price increases reached the double digits in some years during the 1990’s, hitting a 13.5 percent “price explosion” last year, the company’s analysis noted.  “Sellers will not see those kinds of gains this year as higher mortgage rates dampen demand and eat away the ability of buyers to handle ever-bigger sticker prices.” As reported by Charles Etllnger of the Idaho Statesman July 21, 2000.

 

Following the interest rate increase April 30, 2000, year fixed mortgages climbed from 8.25 to 8.75 percent, according to the Freddie Mac Primary Mortgage Market Survey.  Interest rates dropped to 8.09 percent at the end of July, 2000, prompting homebuyers to get off the fence, as reported by John Tucker of the Idaho Statesman July 2000.  2002 mortgagee rates plundering between 4.6 to 6.25 percent allows many to refinance and makes buying a home affordable. 

 

“In May, new home sales in the country were up 33.7 percent, followed by June 2000 in which new home sales increased 10.6 percent over the same respective months last year, according to statistics from the Ada County Association of Realtors.  Things weren’t nearly as good in Canyon County, where the interest rate increases, coupled with other factors, caused new home sales to plummet 32.5 percent compared with the same month a year ago.  In April, permits issued for new homes in Idaho were down 18.3 percent for the month and down 9.9 percent for the first four months of the year, according to the Idaho Construction Report issued by First Security Corp."  As reported by John Tucker of the Idaho Statesman, July 2000.

 

“The median price of new homes in Ada County in July 2000 was approximately $145,000, according to Ada County Association of Realtor's (ACAR) statistics.  Existing homes on the market had a median price of approxi­mately $117,500."  As reported by John Tucker of the Idaho Statesman September 24, 2000.

 

During the Third Quarter of 2000 Single-Family Homes Sold in Ada County Totaled 1,817.  The average Home price was $157,082, with the Median Home price at $129,500.  New Home Construction totaled 676, with an average Home price of $177,601.  Existing Homes sold totaled 1,141, with an average Home price of $144,924 and the Median Home price at $122,000” (Ref. 3C).

http://www.intermountainmls.com/rstats/AdaQ3.html

 

“New-home sales in Ada County climbed 7.69 percent in August 2000 over the same month in 1999.  The median price of a new home in Ada County rose by 8.14 percent to $151,564 in August 2000, meaning half the new homes sold for less.  In August 1999, the median price was $140,150.  Nationally, home sales during August fell 3% despite lower interest rates.  The Federal Reserve has boosted interest rates six times since June 1989 to slow the economy and keep inflation under control."  As reported by Jeannine Averas of the Associated Press published in the Idaho Statesman September 2000.

 

“During the first three quarters of 2000, there were 696 permits issued for new homes in Boise, compared with 697 permits issued during the same period a year ago.  The value of building permits issued in Boise for the first three months of 2000 was 30 percent below the same period in 1999, according to the Idaho Construction Report issued by First Security Corp."  As reported by John Tucker of the Idaho Statesman September 24, 2000.

 

“During the Fourth Quarter of 2000 Single-Family Homes Sold in Ada County Totaled 1,410.  The average Home price was $159,314, with the Median Home price at $129,000.  New Home Construction totaled 497, with an average Home price of $178,859 and the Median Home price at $156,010.  Existing Homes sold totaled 913, with an average Home price of $148,674 and the Median Home price at $121,000” (Ref. 3D). http://www.intermountainmls.com/rstats/ada4q00.html

 

First through Fourth quarters of 2000 total Single-Family Homes Sold in Ada County:

 

QUARTER/YEAR

NEW CONST

EXISTING HOMES

TOTAL LISTING

1st/2000

416

691

1,107

2nd/2000

673

1,039

1,713

3rd/2000

676

1,141

1,817

4th/2000

497

913

1,410

TOTAL

2,262

3,784

6,046

 

First through Fourth Quarters of 2000 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

2000

188.5

315.33

503.83

 

January 1998 through December 2000 total # Single-Family Homes Sold in Ada County:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998

5,236

8,493

13,729

1999

5,176

9,160

14,336

2000

2,262

3,784

6,046

TOTAL

12,674

21,437

34,111

 

January 1998 through December 2000 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998 to 2000

352.055

595.47

947.527

 

ADA COUNTY (BOISE MA) HOUSING OCCUPANCY http://factfinder.census.gov/bf/_lang=en_vt_name=DEC_2000_SF1_U_DP1_geo_id=05000US16001.html

Total housing units

2000

118,516

 

Occupied housing units

2000

113,408

95.7%

Vacant housing units

2000

5,108

4.3%

For seasonal, recreational, or occasional use

2000

483

 

Total population

2000

300,904

 

 

“Based on statistics from the Ada County Association of Realtor’s, which excludes transactions not sold through a real estate agent, home sales are trending 2 percent ahead of 1999 and was expected to round out at 8,000 in the Boise Metropolitan Statistical Area (MSA) by the end of 2000. 

 

In 2001, single family residential was expected to be on par with 2000 with 4,600-5,400 permits. 

 

After four straight years of below-demand multi-family construction activity, look for an increase in 2001 with 700-800 units coming to the Boise MSA market."  As reported by the Boise Metro Business Barometer 2000 Review & 2001 Outlook, Volume 8, No. 4, November 2000.

 

Residential Home sales caused Real estate Companies to expand in 2000.

 

“John L. Scott will buy Century 21 White-Riedel in September 2000.  The business will add 30 real estate agents to its staff of more than 2,300 when purchase is finalized.  “We are looking to expand our presence in the market place, and we are going to use the tools we have available – training, education and professionalism – to do it, Arliss W. Travis, managing broker at the Meridian John L. Scott branch.  The tools John L. Scott has at its disposal include real estate training schools in Oregon and Washington, and Web sites for each individual home it puts on the market."  As reported by Corey Pride of the Idaho Statesman July 2000.

 

“We strive to insure that the economy is going to stay healthy and vibrant,” said Shirl Boyce, vice president of economic development with the Boise Metro Chamber of commerce." As reported by staff of the Idaho Statesman September 24, 2000.

 

Population, Housing Units, Area, and Density: 2000 Data Set: Census 2000 Summary File 1 (SF 1) 100-Percent Data - Geographic Area: Idaho -- County

http://factfinder.census.gov/servlet/GCTTable?ds_name=DEC_2000_SF1_U&geo_id=04000US16&_box_head_nbr=GCT-PH1&format=ST-2 

 

Ada County, Idaho - U.S. Census Bureau: State and County QuickFacts http://quickfacts.census.gov/qfd/states/16/16001.html

 

Housing units

2000

118,516

Households

2000

113,408

Home ownership rate

2000

70.7%

Population estimate

2001

312,337

 

U. S. OF AMERICA SELECTED CITIES HOME/LOT PRICES

 

The Bay Area-Silicon Valley topped The Myers Group’s rankings of projected price inflation among 75 housing markets in the United States, with a forecast increase during this year of 15.7 percent. The following Home/Lot prices reflect market as of July 2000 (The Myers Group):

 

MARKET

MEDIAN PRICE

APPRECIATION

San Francisco-Oakland-San Jose, CA

$422,500

15.7%

San Diego, Ca

$260,000

12.3%

Los Angeles-Long Beach, CA

$222,000

8.1%

Orange County, CA

$304,000

8.0%

Riverside-San Bernardino, CA

$138,400

7.5%

Houston-Galveston-Brazoria, TX

$112,700

7.0%

Northern and Central New Jersey

$200,000

6.5%

Fort Myers-Cape Coral, FL

$100,500

6.5%

Denver-Boulder-Greeley, CO

$182,000

6.2%

Myrtle Beach, S.C.

$146,700

6.0%

Portland-Salem, OR

$174,000

5.5%

Seattle-Tacoma-Bremerton, WA

$143,700

4.0%

Provo-Orem, Utah

$145,500

3.6%

Boise city, ID

$128,200

3.5%

Reno, NV

$155,000

2.9%

Salt Lake City-Ogden, UT

$141,200

2.4%

 

2001

 

“In August 2001, the average interest rate on a fixed-rate 30-year mortgage was 8.03 percent.  But that was higher than the 7.94 percent rate in August 1999.  30-year rates stood at 7.88 percent in late September 2000.  The average price of a new home nationally was $203,000.00, up 3 percent from July 2000 average of $197,100."  As reported by Jeannie Averas of the Associated Press, published in the Idaho Statesman in September 2000.

 

“During the First Quarter of 2001 Single-Family Homes Sold in Ada County Totaled 1,351.  The average Home price was $158,827, with the Median Home price at $131,000.  New Home Construction totaled 516, with an average Home price of $175,587 and the Median Home price at $148,450.  Existing Homes sold totaled 835, with an average Home price of $148,482 and the Median Home price at $124,900” (Ref. 4A.) http://www.intermountainmls.com/rstats/Ada1Q01.html 

 

“During the Second Quarter of 2001 Single-Family Homes Sold in Ada County Totaled 1,963.  The average Home price was $159,776, with the Median Home price at $134,400.  New Home Construction totaled 577, with an average Home price of $184,910 and the Median Home price at $159,900.  Existing Homes sold totaled 1,386 with an average Home price of $149,312 and the Median Home price at $126,000” (Ref. 4B). http://www.intermountainmls.com/rstats/Ada2Q01.pdf 

 

“During the Third Quarter of 2001 Single-Family Homes Sold in Ada County Totaled 1,836.  The average Home price was $165,484, with the Median Home price at $137,000.  New Home Construction totaled 596, with an average Home price of $191,652 and the Median Home price at $163,150.  Existing Homes sold totaled 1,240 with an average Home price of $152,907 and the Median Home price at $128,000” (Ref. 4C). http://www.intermountainmls.com/rstats/Ada3Q01.pdf 

 

“During the Fourth Quarter of 2001 Single-Family Homes Sold in Ada County Totaled 1,576.  The average Home price was $163,517, with the Median Home price at $135,000.  New Home Construction totaled 509, with an average Home price of $191,791 and the Median Home price at $162,900.  Existing Homes sold totaled 1,067 with an average Home price of $150,030 and the Median Home price at $127,300” (Ref. D). http://www.intermountainmls.com/rstats/Ada4Q01.pdf

 

First through Fourth quarters of 2001 total # Single-Family Homes Sold in Ada County:

 

QUARTER/YEAR

NEW CONST

EXISTING HOMES

TOTAL LISTING

1st/2001

516

835

1,351

2nd/2001

577

1,386

1,963

3rd/2001

596

1,240

1,836

4th/2001

509

1,067

1,576

TOTAL

2,198

4,528

6,726

 

First through Fourth Quarters of 2001 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

2001

183.16

377.33

560.5

 

January 1998 through December 2001 total # Single-Family Homes Sold in Ada County:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998

5,236

8,493

13,729

1999

5,176

9,160

14,336

2000

2,262

3,784

6,046

2001

2,198

4,528

6,726

TOTAL

14,872

25,965

40,837

 

January 1998 through December 2001 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998 to 2001

309.833

540.9375

850.770833

 

2002

 

“During the First Quarter of 2002 Single-Family Homes Sold in Ada County Totaled 1,288.  The average Home price was $166,999, with the Median Home price at $139,000.  New Home Construction totaled 449, with an average Home price of $192,737 and the Median Home price at $159,900.  Existing Homes sold totaled 839 with an average Home price of $153,072 and the Median Home price at $128,500” (Ref. 5A). http://www.intermountainmls.com/rstats/Ada1Q02.pdf 

 

“During the Second Quarter of 2002 Single-Family Homes Sold in Ada County Totaled 1,718.  The average Home price was $172,188, with the Median Home price at $140,000.  New Home Construction totaled 521, with an average Home price of $200,791 and the Median Home price at $168,000.  Existing Homes sold totaled 1,197 with an average Home price of $159,738 and the Median Home price at $130,500” (Ref. 5B). http://www.intermountainmls.com/rstats/Ada2Q02.pdf

 

Single-Family Homes Sold in Ada County during First and Second quarters of 2002 as compared to First and Second quarters of 2001

 

QTR/YEAR

LISTING

S. F. HOMES SOLD

1 & 2 / 2002

Single-Family Homes

3,006

 

New Construction

970

 

Existing

2,036

1 & 2 / 2001

Single-Family Homes

3,314

 

New Construction

1,093

 

Existing

2,221

 

Single-Family Homes Sold and Price of Homes in Ada County during 2002 as compared to 2001 by Month/Year:

MONTH/YR

LISTING

SOLD

AVERAGE

MEDIAN

Reference

01/02

Single-Family Homes

366

$169,974

$138,250

(Ref. 5A)

 

Existing

234

$152,249

$128,500

 

 

New Construction

132

$201,395

$160,574

 

01/01

Single-Family Homes

345

$156,975

$128,000

(Ref. 4A)

 

Existing

225

$150,510

$123,910

 

 

New Construction

120

$169,097

$147,500

 

06/02

Single-Family Homes

548

$175,100

$149,740

(Ref. 5B)

 

Existing

381

$168,166

$139,900

 

 

New Construction

167

$190,921

$161,825

 

06/01

Single-Family Homes

690

$165,166

$138,400

(Ref. 4B)

 

Existing

493

$155,248

$128,500

 

 

New Construction

197

$189,985

$165,000

 

 

Ada County Residential Home Sales statistics provided by the Intermountain Multiple Listing Services, Inc (IMLS)

http://www.intermountainmls.com/rstats/AdaInterface.html 

 

During the Third Quarter of 2002 Single-Family Homes Sold in Ada County Totaled 1,863. The average Home price was $173,920, with the Median Home price at $143,545. New Home Construction totaled 615, with an average Home price of 187,417and the Median Home price at $155,000. Existing Homes sold totaled 1,248 with an average Home price of $167,270 and the Median Home price at $137,700” (Ref. 5C). http://www.intermountainmls.com/rstats/Ada3Q02.pdf

 

“During the Fourth Quarter of 2002 Single-Family Homes Sold in Ada County Totaled 1,776.  The average Home price was $167,911, with the Median Home price at $142,025.  New Home Construction totaled 619, with an average Home price of $191,881 and the Median Home price at $161,830.  Existing Homes sold totaled 1,157, with an average Home price of $155,087 and the Median Home price at $131,000” (Ref. 5D).

 

First through Fourth Quarters of 2002 total # Single-Family Homes Sold in Ada County:

 

QUARTER/YEAR

NEW CONST

EXISTING HOMES

TOTAL LISTING

1st/2002

839

449

1,288

2nd/2002

521

1,197

1,718

3rd/2002

615

1,248

1,863

4th/2002

619

1,157

1,776

TOTAL

2,204

4,441

6,645

 

First through Fourth Quarters of 2002 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

2002

183.6

270.08

553.75

 

January 1998 through December 2002 total # Single-Family Homes Sold in Ada County:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998

5,236

8,493

13,729

1999

5,176

9,160

14,336

2000

2,262

3,784

6,046

2001

2,198

4,528

6,726

2002

2,204

4,441

6,645

TOTAL

17,076

30,406

47,482

 

January 1998 through December 2002 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998 - 2002

284.6

506.76

791.366

 

2003

 

“During the First Quarter of 2003 Single-Family Homes Sold in Ada County Totaled 1,415.  The average Home price was $164,136 with the Median Home price at $139,800.  New Home Construction totaled 531, with an average Home price of $178,235.00 and the Median Home price at $152,500.  Existing Homes sold totaled 884 with an average Home price of $155.667 and the Median Home price at $130.000” (Ref. 6A).

 

“During the Second Quarter of 2003 Single-Family Homes Sold in Ada County Totaled 2,016.  The average Home price was $164,136, with the Median Home price at $139,800.  New Home Construction totaled 649, with an average Home price of $193,273 and the Median Home price at $166,000.  Existing Homes sold totaled 1,367 with an average Home price of $167,232 and the Median Home price at $137,000” (Ref. 6B). http://www.intermountainmls.com/rstats/AdaInterface.html

 

Single-Family Homes Sold and Price of Homes in Ada County during 2003 as compared to 2002 by Month/Year:

MONTH/YR

LISTING

SOLD

AVERAGE

MEDIAN

Reference

01/03

Single-Family Homes

393

$165,160

$143,900

Ref. 6B

 

Existing

247

$149,287

$131,000

 

 

New Construction

146

$192,013

$158,395

 

01/02

Single-Family Homes

366

$169,974

$138,250

(Ref. 5A)

 

Existing

234

$152,249

$128,500

 

 

New Construction

132

$201,395

$160,574

 

06/03

Single-Family Homes

722

$176,070

$143,000

Ref. 6B

 

Existing

490

$169,478

$135,950

 

 

New Construction

232

$189,993

$163,055

 

06/02

Single-Family Homes

548

$175,100

$149,740

(Ref. 5B)

 

Existing

381

$168,166

$139,900

 

 

New Construction

167

$190,921

$161,825

 

 

Ada County Residential Home Sales statistics provided by the Intermountain Multiple Listing Services, Inc (IMLS) http://www.intermountainmls.com/rstats/AdaInterface.html 

 

“During the Third Quarter of 2003 Single-Family Homes Sold in Ada County Totaled 2,266.  The average Home price was $178,882, with the Median Home price at $150,000.  New Home Construction totaled 721, with an average Home price of $200,134 and the Median Home price at $172,550.  Existing Homes sold totaled 1,545 with an average Home price of $168,964 and the Median Home price at $137,900” (Ref. 6C). http://www.intermountainmls.com/rstats/AdaInterface.html

 

“During the Fourth Quarter of 2003 Single-Family Homes Sold in Ada County Totaled 1,812.  The average Home price was $185,995, with the Median Home price at $155,900.  New Home Construction totaled 666, with an average Home price of $207,791 and the Median Home price at $179,900.  Existing Homes sold totaled 1,146 with an average Home price of $173,328 and the Median Home price at $140,000” (Ref. 6D.) http://www.intermountainmls.com/rstats/AdaInterface.html

 

First through Fourth Quarters of 2003 total # Single-Family Homes Sold in Ada County:

 

QUARTER/YEAR

NEW CONST

EXISTING HOMES

TOTAL LISTING

1st/2003

531

884

1,415

2nd/2003

649

1,367

2,016

3rd/2003

721

1,545

2,266

4th/2003

666

1,146

1,812

TOTAL

2,567

4,942

7,509

 

First through Fourth Quarters of 2003 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

2003

213.91

411.83

625.75

 

January 1998 through December 2003 total # Single-Family Homes Sold in Ada County:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998

5,236

8,493

13,729

1999

5,176

9,160

14,336

2000

2,262

3,784

6,046

2001

2,198

4,528

6,726

2002

2,204

4,441

6,645

2003

2,567

4,942

7,509

TOTAL

19,643

35,348

54,991

 

January 1998 through December 2003 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998 to 2003

272.819

490.944

763.76

 

2004

 

“During the First Quarter of 2004 Single-Family Homes Sold in Ada County Totaled 1,438.  The average Home price was $179,925, with the Median Home price at $160,000.  New Home Construction totaled 515, with an average Home price of $200,370 and the Median Home price at $171,900.  Existing Homes sold totaled 923, with an average Home price of $168,518 and the Median Home price at $136,000” (Ref. 7A).

 

During the Second Quarter of 2004 Single-Family Homes Sold in Ada County Totaled 2,553.  The average Home price was $191,157, with the Median Home price at $160,000.  New Home Construction totaled 822, with an average Home price of $220,201 and the Median Home price at $187,370.  Existing Homes sold totaled 1,731 with an average Home price of $177,365 and the Median Home price at $146,000” (Ref. 7B).

 http://www.intermountainmls.com/statistics.html

 

Single-Family Homes Sold and Price of Homes in Ada County during 2004 as compared to 2003 by Month/Year:

MONTH/YR

LISTING

S. F. HOMES SOLD

AVERAGE

MEDIAN

Reference

01/04

Single-Family Homes

377

$178,446

$154,900

Ref. 6B

 

Existing

239

$163,063

$133,330

 

 

New Construction

138

$205,088

$179,711

 

01/03

Single-Family Homes

393

$165,160

$143,900

Ref. 6B

 

Existing

247

$149,287

$131,000

 

 

New Construction

146

$192,013

$158,395

 

06/04

Single-Family Homes

983

$196,761

$164,900

Ref. 6B

 

Existing

674

$183,474

$149,900

 

 

New Construction

309

$225,744

$190,990

 

06/03

Single-Family Homes

722

$176,070

$143,000

Ref. 6B

 

Existing

490

$169,478

$135,950

 

 

New Construction

232

$189,993

$163,055

 

 

Ada County Residential Home Sales statistics provided by the Intermountain Multiple Listing Services, Inc (IMLS)

http://www.intermountainmls.com/rstats/AdaInterface.html 

 

“During the Third Quarter of 2004 Single-Family Homes Sold in Ada County Totaled 2,667.  The average Home price was _____, with the Median Home price at _____.  New Home Construction totaled _____, with an average Home price of _____ and the Median Home price at _____.  Existing Homes sold totaled _____, with an average Home price of _____ and the Median Home price at _____” (Ref. 7C). http://www.intermountainmls.com/statistics.html

 

“During the Fourth Quarter of 2004 Single-Family Homes Sold in Ada County Totaled 2,274.  The average Home price was $203,190, with the Median Home price at $170,000.  New Home Construction totaled 869, with an average Home price of $233,769 and the Median Home price at $202,000.  Existing Homes sold totaled 1,405, with an average Home price of $184,276 and the Median Home price at $149,900” (Ref. 7D). http://www.intermountainmls.com/statistics.html

 

First through Fourth Quarters of 2004 total # Single-Family Homes Sold in Ada County:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1st Qtr 2004

515

923

1,438

2nd Qtr 2004

822

1,731

2,553

Year End Report 3rd Qtr total listing = difference of 1st, 2nd & 4th Qtr total listing

Not reported

Not reported

2,667

4th Qtr 2004

869

1,405

2,274

TOTAL

2,206

4,059

8,932

Jan to June = 1st & 2nd Qtr & Sep to Dec = 4th Qtr 2004

New Construction and Existing Homes = 9-months and total listing = 12-months

 

First through Fourth Quarters of 2004 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

2004

245.11

451

744.3

Jan to June = 1st & 2nd Qtr & Sep to Dec = 4th Qtr 2004

New Construction and Existing Homes = 9-months and total listing = 12-months

 

January 1998 through December 2004 total # Single-Family Homes Sold in Ada County:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998

5,236

8,493

13,729

1999

5,176

9,160

14,336

2000

2,262

3,784

6,046

2001

2,198

4,528

6,726

2002

2,204

4,441

6,645

2003

2,567

4,942

7,509

1st, 2nd & 4th 2004

2,206

4,059

6,625

Year End Report 3rd Qtr total listing = difference of 1st, 2nd & 4th Qtr total listing

Not reported

Not reported

2,667

TOTAL

21,849

39,407

64,283

Jan to June = 1st & 2nd Qtr & Sep to Dec = 4th Qtr 2004

New Construction and Exiting Homes total reflects 1998 to 1st, 2nd & 3rd 2004 to March 2005 = 81-months and total listing = 84-months

 

January 1998 through December 2004 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998 to 2004

269.74

486.50

765.27

Jan to June = 1st & 2nd Qtr & Sep to Dec = 4th Qtr 2004

New Construction and Exiting Homes total reflects 1998 to 1st, 2nd & 3rd 2004 to March 2005 = 81-months and total listing = 84-months

Year End Report 3rd Qtr total listing = difference of 1st, 2nd & 4th Qtr total listing

 

2005

 

“During the First Quarter of 2005 Single-Family Homes Sold in Ada County Totaled 1,963.  The average Home price was $204,644, with the Median Home price at $173,500.  New Home Construction and Existing Homes sold not reported as of 15 May 2005” (Ref. 8A). http://www.intermountainmls.com/statistics.html

 

“During April 2005 Single-Family Homes Sold in Ada County Totaled 898.  The average Home price was $204,644, with the Median Home price at $176,015.  New Home Construction and Existing Homes sold not reported as of 15 May 2005” (Ref. 8B).

Single-Family Homes Sold and Price of Homes in Ada County from January to April 2005 by Month/Year:

 

MONTH/YR

LISTING

SOLD

AVERAGE

MEDIAN

Reference

01/05

Total Active

489

$204,427

$171,000

Ref. 8A

02/05

Total Active

601

$201,245

$169,900

Ref. 8A

03/05

Total Active

870

$207,117

$177,930

 

Ref. 8A

04/05

Total Active

898

$204,644

$176,015

Ref. 8A

2005

TOTAL

2,858

 

 

 

 

January though April 2005 total # Single-Family Homes Sold in Ada County:

 

QUARTER/YEAR

NEW CONST

EXISTING HOMES

TOTAL LISTING

1st/2005

Not Reported

Not Reported

1,963

04/05

Not Reported

Not Reported

898

TOTAL

 

 

2,861

 

January though April 2005 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

Jan to Apr 2005

 

 

715.25

Total listing = 4-months

 

January 1998 through April 2005 total # Single-Family Homes Sold in Ada County:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998

5,236

8,493

13,729

1999

5,176

9,160

14,336

2000

2,262

3,784

6,046

2001

2,198

4,528

6,726

2002

2,204

4,441

8,932

2003

2,567

4,942

7,509

1st, 2nd & 4th 2004

2,206

4,059

6,625

Year End Report 3rd Qtr total listing = difference of 1st, 2nd & 4th Qtr total listing

Not reported

Not reported

2,667

1st Qtr /2005

Not Reported

Not Reported

1,963

04/05

Not Reported

Not Reported

898

TOTAL

21,849

39,407

66,784

Jan to June = 1st & 2nd Qtr & Sep to Dec = 4th Qtr 2004

New Construction and Exiting Homes total reflects 1998 to 1st, 2nd & 3rd 2004 = 81-months and total listing = 88-months

New Construction and Exiting Homes Jan to April 2005 not available

 

January 1998 through April 2005 Monthly Average total # Single-Family Homes Sold in Ada County by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998 to April 2005

269.74

486.50

*758.90

*January 1998 through April 2005

Jan to June = 1st & 2nd Qtr & Sep to Dec = 4th Qtr 2004

New Construction and Exiting Homes total reflects 1998 to 1st, 2nd & 3rd 2004 = 81-months and total listing = 88-months

Year End Report 3rd Qtr total listing = difference of 1st, 2nd & 4th Qtr total listing

New Construction and Exiting Homes Jan to April 2005 not available

 

Ada County Residential Home Sales statistics provided by the Intermountain Multiple Listing Services, Inc (IMLS)

http://www.intermountainmls.com/rstats/AdaInterface.html 

 

Census Bureau Housing Topics http://www.census.gov/hhes/www/housing.html

 

 

ADA AND CANYON COUNTY RESIDENTIAL AND COMMERCIAL GROWTH AND

RESIDENTIAL HOME SALES/PRICES FROM 1998 to April 2005

CHAPTER X, Appendix A

                ENERGY QUEST, former National Energy Efficient Development Inc.

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