ADA AND CANYON COUNTY RESIDENTIAL AND COMMERCIAL GROWTH

CHAPTER X Appendix A to D Part I of VII

 

APPENDIX A - ADA COUNTY RESIDENTIAL HOME SALES/PRICES 1998 THROUGH PRESENT

 

APPENDIX B - CANYON COUNTY RESIDENTIAL HOME SALES/PRICES 1998 THROUGH PRESENT

 

APPENDIX C - ADA AND CANYON COUNTIES CITY EXPANSION INFRASTRUCTURE COST AND TAX BASE INCREASE THROUGH ANNEXATION & GROWTH

 

APPENDIX D - COMMERCIAL AND MANUFACTURING ACRES HARD TO FIND WITHIN BOISE MSA

 

APPENDIX E - ADA COUNTY (BOISE MSA) COMMERCIAL GROWTH 2000 THROUGH PRESENT

 

APPENDIX F - CANYON COUNTY COMMERCIAL GROWTH 2000 THROUGH PRESENT

 

APPENDIX G - CANYON COUNTY CONFLICTS OVER GROWTH 2000 THROUGH PRESENT

 

APPENDIX H - LAND DEVELOPMENT SPECIALIST AND HOME BUILDERS OF IDAHO

 

APPENDIX I - BOISE AND MERIDIAN AREAS AND ADA & CANYON COUNTIES SELECTED CITIES AND AIRPORTS OVERVIEW AND AVERAGE/MEDIAN HOME SALES FROM 1998 THROUGH PRESENT BY AREA

 

North & North End Boise (Area 100)

 

Northeast and East End Boise (Area 200)

 

Southeast Boise (Area 300)

 

West Boise Central Bench (Area 400)

 

Southwest Boise (Area 500)

 

Southwest Boise and Meridian (Area 550)

 

West Boise (Area 600)

West Boise and Garden City - Meridian District (Area 650)

 

Garden City (Area 700) & Garden City Meridian District (750 - 1999 & 2000)

 

Northwest Boise (800) and Garden City Meridian District (750) - Combined and refereed to as Area 800

 

Eagle (Area 900)

 

Star (Area 950)

 

Meridian Overview

 

Southeast Meridian (Area 1000)

 

Southwest Meridian (Area 1010)

 

Northeast Meridian (Area 1020)

 

Northwest Meridian (Area 1030)

 

Kuna (Area 1100)

 

ADA COUNTY HOMES SALES MONTHLY AVERAGE OCTOBER 1998 THROUGH JUNE 2002

 

Nampa Canyon County Overview - North Nampa Urban Renewal Agency

 

Nampa (Area 1250)

 

Nampa ((Area 1260 & 1265 - 2nd & 3rd Qtr 2000 only))

 

Nampa (Area 1270)

 

Caldwell - Canyon County Overview

 

Caldwell (NW) - (Area 1275)

 

Caldwell (SW) - (Area 1280)

 

Middleton (Area 1285)

 

Area 1290 refereed to as Other Areas such as Parma, Wilder, Greenleaf and Melba.  Melba statistics discontinued around February 2002

 

 

CANYON COUNTY HOMES SALES MONTHLY AVERAGE APRIL 1998 THROUGH JUNE 2002 ADA COUNTY RESIDENTIAL HOME SALES/PRICES

1998 THROUGH PRESENT

CHAPTER X - APPENDIX A

 

 

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.

 

Ada County Profile http://www.idoc.state.id.us/idcomm/pdfs/Ada.pdf

 

Idaho Counties on the web http://www.accessidaho.org/aboutidaho/county/index.html

 

Idaho County Profiles - Statistical descriptions of Idaho counties from an economic development perspective

http://www.idoc.state.id.us/idcomm/cntypro.html

 

Idaho City Profile http://www.idoc.state.id.us/idcomm/compro.html

 

Idaho Businesses on the Web

http://www.accessidaho.org/working/bonweb.html

 

Idaho Data Center http://www.idoc.state.id.us/Data/dtacntr.html

 

Southwestern Idaho Regional Multiple Listing Service http://www.swidahohomes.com or the Ada County Association of Realtors® http://www.adacounty-realtors.com provides Residential Home Sales statistics.

 

"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 Southwestern Idaho Regional Multiple Listing Service Residential Home Sales statistics

http://www.swidahohomes.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.

 

The following information reveals a four-year solid growth in residential home sales from October 1998 through September 2002, combining all Home Sales for aforementioned time period. Monthly Average total # Single-Family Homes Sold in Ada County. During this time frame the monthly average consist of the following by decimal:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

One Month Average

281.2

503.50

783.08

 

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. Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics. (Ref. 1A).

http://www.swidahohomes.com/rstats/AdaQtr1.htm

 

Second and Third Quarter 1998 Statistics not available on Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics Web site as of June 20, 2002.  (Ref. 1B) http://www.swidahohomes.com/rstats/ada2q.html  & (Ref. 1C).

http://www.swidahohomes.com/rstats/ada3q.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.1D). http://www.swidahohomes.com/rstats/AdaQtr4.htm

 

During First and Fourth quarters of 1998 total # Single-Family Homes Sold in Ada County:

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998

2,690

4,027

6,717

 

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. Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics. (Ref. 2A).

http://www.swidahohomes.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.swidahohomes.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.swidahohomes.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.swidahohomes.com/rstats/Ada4Q99.htm

 

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

 

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

 

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1999

5,176

9,160

14,336

 

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

Total Active

6,999

 

New Construction

2,538

 

Existing

4,461

1 & 4 / 1998

Total Active

6,717

 

New Construction

2,690

 

Existing

4,027

 

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. Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics. (Ref. 3A).

http://www.swidahohomes.com/rstats/Ada1Q00.htm

 

January through April 2000 - 245, which included apartments and condominiums, in Meridian.  As reported by the Boise Metro Business Barometer 2000 Review & 2001 Outlook, Volume 8, No. 4,November 2000.

 

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.swidahohomes.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. http://www.adacounty-realtors.com

 

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.swidahohomes.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.swidahohomes.com/rstats/ada4q00.html

 

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

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

2000

2,262

3,784

6,046

 

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 

 

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%

 

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

 

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. Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics. (Ref. 4A).

http://www.swidahohomes.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.swidahohomes.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.swidahohomes.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. 4D). http://www.swidahohomes.com/rstats/Ada4Q01.pdf

 

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

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

2001

2,198

4,528

6,726

 

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. Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics. (Ref. 5A).

http://www.swidahohomes.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.swidahohomes.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

Total Active

3,006

 

New Construction

970

 

Existing

2,036

1 & 2 / 2001

Total Active

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

S. F. HOMES SOLD

AVERAGE

MEDIAN

Reference

01/02

Total Active

366

$169,974

$138,250

(Ref. 5A)

 

Existing

234

$152,249

$128,500

 

 

New Construction

132

$201,395

$160,574

 

01/01

Total Active

345

$156,975

$128,000

(Ref. 4A)

 

Existing

225

$150,510

$123,910

 

 

New Construction

120

$169,097

$147,500

 

06/02

Total Active

548

$175,100

$149,740

(Ref. 5B)

 

Existing

381

$168,166

$139,900

 

 

New Construction

167

$190,921

$161,825

 

06/01

Total Active

690

$165,166

$138,400

(Ref. 4B)

 

Existing

493

$155,248

$128,500

 

 

New Construction

197

$189,985

$165,000

 

 

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 $167,270and the Median Home price at $137,700. Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics. (Ref. 5C). http://www.swidahohomes.com/rstats/Ada3Q02.pdf

 

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

Ada County

NEW CONST

EXISTING HOMES

TOTAL LISTING

2002

1,585

3,284

4,869

 

October 1998 through September 2002 total # Single-Family Homes Sold in Ada County:

 

QTR/YEAR

NEW CONST

EXISTING HOMES

TOTAL LISTING

4th / 1998

2,275

3,336

5,611

1st - 4th / 1999

5,176

9,160

14,336

1st - 4th / 2000

2,262

3,784

6,046

1st - 4th / 2001

2,198

4,528

6,726

1st - 3rd / 2002

1,585

3,284

4,869

TOTAL:

13,496

24,168

37,588

 

Note: Figures based on Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics.

The following Monthly average reveals a four-year solid growth in residential home sales (Second and Third Quarter 1998 Statistics were not available as of June 20, 2002) from October 1998 through September 2002 total # Single-Family Homes Sold in Ada County, combining all Home Sales for aforementioned time period:

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

 

MONTHLY

NEW CONST

EXISTING HOMES

TOTAL LISTING

One Month Average

281.2

503.50

783.08

 

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

 

MONTHLY

NEW CONST

EXISTING HOMES

TOTAL LISTING

One Month Average

330.28

585.74

916.05

 

First Quarter 1998 total Home Sales consisting of three-months - Total Monthly Average by decimal:

 

LISTING

TOTAL SALES

MONTHLY AVERAGE

New Construction Sales

415

138.33

Existing Home Sales

691

230.33

Total S. F. Homes Sales

1,106

368.66

 

Current Ada County Statistics provided by Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics

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

 

Idaho Housing and Finance Association by CyberSystems Inc. and Pete Wilson DesignWorks, Inc.

http://www.ihfa.org/about_stats.html

 

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

 

Source U.S. Census Bureau: State and County QuickFacts.

http://www.census.gov/datamap/www/16.html

 

 

CANYON COUNTY RESIDENTIAL HOME SALES/PRICES     

CHAPTER X - APPENDIX B

 

Canyon County - "Was Established March 7, 1891 with its county seat at Caldwell. Current sources attribute the name to the canyon of the Boise River near Caldwell. However, both John Rees and Vardis Fisher believed it was named for the Snake River canyon which forms a natural boundary for the county. The Hudson's Bay Company established Fort Boise in 1834 near what is now Parma, but abandoned it in 1855. Immigrants traveled through Canyon County on the Oregon Trail."

http://www.accessidaho.org/aboutidaho/county/canyon.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.

 

Canyon County Profile http://www.idoc.state.id.us/idcomm/pdfs/Canyon.pdf

 

Idaho Counties on the web http://www.accessidaho.org/aboutidaho/county/index.html

 

Idaho County Profiles - Statistical descriptions of Idaho counties from an economic development perspective

http://www.idoc.state.id.us/idcomm/cntypro.html

 

Idaho City Profile http://www.idoc.state.id.us/idcomm/compro.html

 

Idaho Data Center http://www.idoc.state.id.us/Data/dtacntr.html

 

Idaho Businesses on the Web http://www.accessidaho.org/working/bonweb.html

 

Southwestern Idaho Regional Multiple Listing Service http://www.swidahohomes.com or the Ada County Association of Realtors®  http://www.adacounty-realtors.com provides Residential Home Sales statistics.

 

"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."

 

Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics http://www.swidahohomes.com/statistics.html

 

Canyon County Southwestern Idaho Regional Multiple Listing Service Residential Home Sales statistics

http://www.swidahohomes.com/rstats/CanInterface.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.

 

The following information reveals four years 6-months solid growth in residential home sales (First Quarter 1998 Statistics were not available as of June 20, 2002), from April 1998 through September 2002, combining all Home Sales for aforementioned time period.

 

April 1998 through September 2002 Monthly Average total # Single-Family Homes Sold in Canyon County by decimal:

 

MONTHLY

NEW CONST

EXISTING HOMES

TOTAL LISTING

One Month Average

152.5

177.07

330.07

 

First Quarter 1998 Statistics not available on Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics Web site as of June 20, 2002.  (Ref. 1A).

 

During the Second Quarter of 1998 Single-Family Homes Sold in Canyon County Totaled 891.  The average Home price was $95,475, with the Median Home price at $85,000.  New Home Construction totaled 376, with an average Home price of $85,650 and the Median Home price at $85,650.  Existing Homes sold totaled 515 with an average Home price of $94,558 and the Median Home price at $84,000. Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics. (Ref. 1B).

http://www.swidahohomes.com/rstats/canyon2q.html

 

During the Third Quarter of 1998 Single-Family Homes Sold in Canyon County Totaled 1,496.  The average Home price was $96,543, with the Median Home price at $86,011.  New Home Construction totaled 653, with an average Home price of $97,268 and the Median Home price at $87,990.  Existing Homes sold totaled 843 with an average Home price of $96,668 and the Median Home price at $86,000. (Ref. 1C).  http://www.swidahohomes.com/rstats/canyon3q.html

 

During the Fourth Quarter of 1998 Single-Family Homes Sold in Canyon County Totaled 1,957.  The average Home price was $96,340, with the Median Home price at $85,900.  New Home Construction totaled 957, with an average Home price of $94,150 and the Median Home price at $85,232.  Existing Homes sold totaled 1,000  with an average Home price of $98,443 and the Median Home price at $87,500. (Ref. 1D). http://www.swidahohomes.com/rstats/CanQtr4.htm

 

Canyon County total for Second through Fourth quarter:

 

Canyon County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1998

1,986

2,358

4,344

 

1999

 

During the First Quarter of 1999 Single-Family Homes Sold in Canyon County Totaled 411.  The average Home price was $97,216, with the Median Home price at $88,000.  New Home Construction totaled 205, with an average Home price of $96,478 and the Median Home price at $89,550.  Existing Homes sold totaled 206 with an average Home price of $99,234 and the Median Home price at $84,500. Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics. (Ref. 2A).

http://www.swidahohomes.com/rstats/Can1Q99.htm

 

During the Second Quarter of 1999 Single-Family Homes Sold in Canyon County Totaled 1,078.  The average Home price was $96,657, with the Median Home price at $87,045.  New Home Construction totaled 518, with an average Home price of $95,333 and the Median Home price at $87,782.  Existing Homes sold totaled 560 with an average Home price of $97,882 and the Median Home price at $86,100. (Ref. 2B). http://www.swidahohomes.com/rstats/Can2Q99.htm

 

During the Third Quarter of 1999 Single-Family Homes Sold in Canyon County Totaled 1,737.  The average Home price was $96,903, with the Median Home price at $87,370.  New Home Construction totaled 833, with an average Home price of $95,938 and the Median Home price at $87,825.  Existing Homes sold totaled 904 with an average Home price of $97,792 and the Median Home price at $86,000. (Ref. 2C). http://www.swidahohomes.com/rstats/Can3Q99.htm

 

During the Fourth Quarter of 1999 Single-Family Homes Sold in Canyon County Totaled 2,272.  The average Home price was $96,197, with the Median Home price at $87,385.  New Home Construction totaled 1,082, with an average Home price of $96,205 and the Median Home price at $88,000.  Existing Homes sold totaled 1,190 with an average Home price of $96,191 and the Median Home price at $85,700. (Ref. 2D). http://www.swidahohomes.com/rstats/Can4Q99.htm

 

During First through Fourth quarters of 1999 total # Single-Family Homes Sold in Canyon County:

 

Canyon County

NEW CONST

EXISTING HOMES

TOTAL LISTING

1999

2,638

2,860

5,638

 

        2000

 

During the First Quarter of 2000 Single-Family Homes Sold in Canyon County Totaled 452.  The average Home price was $93,121, with the Median Home price at $86,860.  New Home Construction totaled 208, with an average Home price of $97,440 and the Median Home price at $89,317.  Existing Homes sold totaled 244 with an average Home price of $89,439 and the Median Home price at $82,700. Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics. (Ref. 3A).

http://www.swidahohomes.com/rstats/Can1Q00.htm

 

During the Second Quarter of 2000 Single-Family Homes Sold in Canyon County Totaled 672.  The average Home price was $101,581, with the Median Home price at $91,000.  New Home Construction totaled 266, with an average Home price of $106,959 and the Median Home price at $94,557.  Existing Homes sold totaled 406 with an average Home price of $98,058 and the Median Home price at $87,000. (Ref. 3B). http://www.swidahohomes.com/rstats/Can2Q.htm

 

During the Third Quarter of 2000 Single-Family Homes Sold in Canyon County Totaled 658.  The average Home price was $101,581, with the Median Home price at $91,000.  New Home Construction totaled 243, with an average Home price of $106,959 and the Median Home price at $94,557.  Existing Homes sold totaled 415 with an average Home price of $98,058 and the Median Home price at $87,000. (Ref. 3C). http://www.swidahohomes.com/rstats/Canyon3Q.htm

 

During the Fourth Quarter of 2000 Single-Family Homes Sold in Canyon County Totaled 564.  The average Home price was $101,020, with the Median Home price at $93,000.  New Home Construction totaled 247, with an average Home price of $106,959 and the Median Home price at $94,557.  Existing Homes sold totaled 317 with an average Home price of $98,058 and the Median Home price at $87,000. (Ref. 3D). http://www.swidahohomes.com/rstats/can4q00.html

 

During First through Fourth quarters of 2000 total # Single-Family Homes Sold in Canyon County:

 

Canyon County

NEW CONST

EXISTING HOMES

TOTAL LISTING

2000

964

1,382

2,345

 

Most of the new-home construction in 2000 was in West Nampa and West Caldwell al­though new starter homes are also springing up in Nampa north of Interstate 84 near one of the area's major employers, Micron Electron­ics Inc.  The small towns of Star in North Ada Coun­ty and Middleton in North Canyon County are also seeing a lot of home-building activity."  As reported by John Tucker of the Idaho Statesman September 24, 2000.

 

Canyon County, Idaho - U.S. Census Bureau: State and County QuickFacts

http://quickfacts.census.gov/qfd/states/16/16027.html

 

Housing units

2000

47,965

Households

2000

45,018

Home ownership rate

2000

73.3%

Population estimate

2001

139,821

 

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

 

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%

 

“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.

 

2001

 

During the First Quarter of 2001 Single-Family Homes Sold in Canyon County Totaled 513.  The average Home price was $98,394, with the Median Home price at $90,590.  New Home Construction totaled 242, with an average Home price of $101,781 and the Median Home price at $94,000.  Existing Homes sold totaled 271 with an average Home price of $95,370 and the Median Home price at $87,315. Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics. (Ref. 4A).

http://www.swidahohomes.com/rstats/Can1Q01.html

 

During the Second Quarter of 2001 Single-Family Homes Sold in Canyon County Totaled 1,258.  The average Home price was $102,353, with the Median Home price at $93,000.  New Home Construction totaled 565, with an average Home price of $104,623 and the Median Home price at $94,700.  Existing Homes sold totaled 693 with an average Home price of $100,503 and the Median Home price at $89,900. (Ref. 4B). http://www.swidahohomes.com/rstats/Can2Q01.html

 

During the Third Quarter of 2001 Single-Family Homes Sold in Canyon County Totaled 790.  The average Home price was $106,984, with the Median Home price at $98,000.  New Home Construction totaled 366, with an average Home price of $108,424 and the Median Home price at $100,989.  Existing Homes sold totaled 424 with an average Home price of $105,741 and the Median Home price at $92,500. (Ref. 4C). http://www.swidahohomes.com/rstats/Can3Q01.pdf

 

During the Fourth Quarter of 2001 Single-Family Homes Sold in Canyon County Totaled 739.  The average Home price was $104,584, with the Median Home price at $95,365.  New Home Construction totaled 340, with an average Home price of $105,622 and the Median Home price at $97,181.  Existing Homes sold totaled 399 with an average Home price of $103,700 and the Median Home price at $92,400. (Ref. 4D). http://www.swidahohomes.com/rstats/Can4Q01.pdf

 

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

 

Canyon County

NEW CONST

EXISTING HOMES

TOTAL LISTING

2001

1,513

1,787

3,300

 

2002

 

During the First Quarter of 2002 Single-Family Homes Sold in Canyon County Totaled 621.  The average Home price was $103,302, with the Median Home price at $94,734.  New Home Construction totaled 299, with an average Home price of $103,804 and the Median Home price at $96,930.  Existing Homes sold totaled 322 with an average Home price of $102,8355 and the Median Home price at $91,000. Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics. (Ref. 5A).

http://www.swidahohomes.com/rstats/Can1Q02.pdf

 

During the Second Quarter of 2002 Single-Family Homes Sold in Canyon County Totaled 831.  The average Home price was $106,576, with the Median Home price at $96,300.  New Home Construction totaled 408, with an average Home price of $105,013 and the Median Home price at $97,787.  Existing Homes sold totaled 423 with an average Home price of $108,083 and the Median Home price at $92,500. (Ref. 5B). http://www.swidahohomes.com/rstats/Can2Q02.pdf

 

Single-Family Homes Sold in Canyon County during 2002 as compared to 2001 by Month/Year:

 

MONTH/YR

LISTING

S. F. HOMES SOLD

AVERAGE

MEDIAN

Reference

01/02

Total Active

180

$103,054

$94,462

(Ref. 5A)

 

Existing

89

$102,320

$89,500

 

 

New Construction

91

$103,772

$95,950

 

01/01

Total Active

148

$96,408

$91,000

(Ref. 4A)

 

Existing

77

$88,920

$84,000

 

 

New Construction

71

$104,530

$94,000

 

02/02

Total Active

255

$109,554

$99,830

(Ref. 5B)

 

Existing

129

$111,601

$95,000

 

 

New Construction

126

$107,459

$101,442

 

02/01

Total Active

270

$107,832

$93,195

(Ref. 4B)

 

Existing

152

$103,754

$89,950

 

 

New Construction

118

$113,086

$96,000

 

 

During the Third Quarter of 2002 Single-Family Homes Sold in Canyon County totaled 885. The Average Home price was $109,623, with the Median Home price at $98,158. New Home Construction totaled 430, with an Average Home price of $109,964 and the Median Home price at $99,045. Existing Homes sold totaled 455 with an Average Home price of $109,300and the Median Home price at $95,000. (Ref. 5C). http://www.intermountainmls.com/rstats/Can3Q02.pdf

 

During First through Third Quarters of 2002 total # Single-Family Homes Sold in Canyon County:

 

Canyon County

NEW CONST

EXISTING HOMES

TOTAL LISTING

2002

1,137

1,200

2,337

 

April 1998 through September 2002 total # Single-Family Homes Sold in Canyon County:

 

QTR/YEAR

NEW CONST

EXISTING HOMES

TOTAL LISTING

2nd - 4th / 1998

1,986

2,358

4,344

1st - 4th / 1999

2,638

2,860

5,498

1st - 4th / 2000

964

1,382

2,345

1st - 4th / 2001

1,513

1,787

3,300

1st - 3rd / 2002

1,137

1,200

2,337

TOTAL:

8,238

9,562

17,824

 

The following information reveals four years 6-months solid growth in residential home sales (First Quarter 1998 Statistics were not available as of June 20, 2002), from April 1998 through September 2002, combining all Home Sales for aforementioned time period.

 

April 1998 through September 2002 Monthly Average total # Single-Family Homes Sold in Canyon County by decimal:

 

MONTHLY

NEW CONST

EXISTING HOMES

TOTAL LISTING

One Month Average

152.5

177.07

330.07

 

April 1998 through June 2002 Monthly Average total # Single-Family Homes Sold in Canyon County by decimal:

MONTHLY

NEW CONST

EXISTING HOMES

TOTAL LISTING

One Month Average

153.09

179.05

332.14

 

Current Canyon County Statistics provided by Southwestern Idaho Regional Multiple Listing Service Home Sales Statistics

http://www.swidahohomes.com/rstats/CanInterface.html

Idaho Housing and Finance Association by CyberSystems Inc. and Pete Wilson DesignWorks, Inc.

http://www.ihfa.org/about_stats.html

 

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

 

Source U.S. Census Bureau: State and County QuickFacts.

http://www.census.gov/datamap/www/16.html

 

 

ADA AND CANYON COUNTIES CITY EXPANSION INFRASTRUCTURE COST AND TAX BASE INCREASE THROUGH ANNEXATION & GROWTH

CHAPTER X - APPENDIX C

 

 

CITY EXPANSION INFRASTRUCTURE COST

 

Martin S. Johnson of the Idaho Statesman June 13, 1999 report on City Expansion Infrastructure cost:

 

“Homes on larger lots, or farther from a central city, require more infrastructures.  According to local service providers, costs increase with every foot as lot increases in width.

 

Another foot of pressurized irrigation pipe must be laid, at up to $10 a foot.  Replacement cost: $15 a foot.

 

Another foot of residential road must he built, at up to $60 a foot.  The 20-year maintenance cost for that foot:  $30’ for sanding, repair, snow removal and resurfacing.

 

Another foot of gas line must be buried, at up to $4.75 a foot (no replacement estimate available).

 

Another foot of sewer lines must be buried, at up to $25 a foot.  Replacement cost:  $60’.

 

Another foot of water line must be buried, at $18 to $20 a foot, Replacement cost: $30’.

 

Another foot of power line must be buried, at $25 to $35 a foot."  As reported by Martin S. Johnson of the Idaho Statesman June 13, 1999

 

CITY TAX BASE INCREASE THROUGH ANNEXATION & GROWTH

 

“In the past 10 years, Nampa arid Meridian has doubled in area, while Boise has increased by 14 percent or greater taking into consideration the annexation of 5-miles radius December 31, 1999."  As reported by Corey Pride of the Idaho Statesman July 2000.

 

Fast-grow­ing Nampa threatens to replace Pocatello as the state's second largest city."  As reported by Tim Woodward of the Idaho Statesman September 24, 2000.

 

"Boise and Meridian rate of annexing land in 1999 was at a rate of about 4.5 acres a day.  The rate grew even more as Boise annexed 5 square miles –2,620-acres, crossing the interstate into Southwest Boise December 31, 1999.  City limits of Meridian and Boise now reach “area of impacts,” just west of Cloverdale Road.  Boise, Meridian and Nampa total growth in mile radius totals an estimated 32 miles taking into consideration Boise annexation of 5- miles radius December 31, 1999.

 

People who live in newly developed areas annexed to the cities cite a variety of reasons for the move; bigger lots, new homes with new conveniences and roads designed to push traffic somewhere else.  They also cite homeowners associations, which control appearance standards.

 

Developers also have incentives to build at the margins.  Inside a city, parcels usually are just a few acres, the land is expensive, there may be problems with road access, and chemicals may contaminate the site.

 

"It's cheaper arid easier to install infrastructure in farm ground, and you don't have neighbors in opposition," developer Bill Clark said.  “Infill is harder, and people frequently object.” 

 

In the surrounding area of Boise, farming grounds are being purchased for residential subdivisions and the ground must be re-zoned and connection to Boise city wastewater disposal must take place, an expense to the developer which is passed to the contractor purchasing lots for homes and even higher cost for homes to the consumer as a result.  Many developers have purchased farms, only to hold the ground in reserve, waiting five to ten years for Boise to expand their own sewage system.

 

Local governments play a big role in directing growth through annexations and tile construction of sewer, parks and other facilities.

 

Planning experts who compared 1990 and 1999 maps of the cities say their sprawling boundaries mean higher costs for public Services, because it's more expensive to extend and maintain services to a spread-out city.

 

Planners say compact city limits make for efficient use of tax dollars arid result in higher population density.  More distant neighborhoods require longer roads, longer sewer lines and more police cars and fire stations, all of which cost money.

 

Extremely low-density development is expensive to service, said J. Thomas Black, an urban development economist and fellow with the Lincoln Institute of land Policy Cambridge Mass.  But high-density development in cities can cost residents more in other areas.

 

There's really no evidence you save money by crowding people in very tightly, and Service costs actually go up when you start getting 4,000 people per square mile.” Black said,  "The theory is you have to spend more money on police and traffic management.  And if you look at the general cost of living, it goes up with density.

 

"Boiseans live with 2,620 people per square mile, Nampans with 2,117, and Meridian residents are lower than Portland, Oregon, which has 3,700 per square mile and often is held up as a model for growth management.

 

"Los Angeles has become the poster child of sprawl, but it has 5,500 people per square mile, and it has the highest density of urbanized areas in the country,” Black said.

 

Density changes over time for example, a 1990 map of Meridian shows a lot of undeveloped land inside its city limits.  Nampa currently has much vacant land, inside its limits, especially in the northeastern part.  That lowers the overall density within the city.

 

Development consultant Chris Korte said people shouldn’t be too quick to label Treasure Valley cities sprawling.  The cities still are evolving and probably will become more compact as time goes on.  "In another 10 years," the Meridian mayor, said, “you'll see differences in the borders and the densities.”  As reported by Tom Shanahan of the Idaho Statesman.

 

COMMERCIAL AND MANUFACTURING ACRES HARD TO FIND

WITHIN BOISE MSA

CHAPTER X - APPENDIX D

 

John Tucker of the Idaho Statesman report on Commercial and Manufacturing Acres Hard To Find, September 9, 2000:

 

"Commercial, manufacturing and industrial acreage is becoming scarce in Boise and the surrounding areas, requiring many companies to purchase property for expansion of their manufacturing base in other counties a great distance away. 

 

A lack of vacant industrial buildings and land suitable for new buildings is prompting businesses to move to western Ada County or Canyon County.  In some cases, the lack of developable industrial space has even prompted out-of-state companies to mark Boise off, instead expanding their operations in other large cities

 

And the most recent real estate statistics show that for Boise, the shortage is getting worse.

 

That's hurting Boise, city officials said, because not only does the city lose the tax base generated by the properties, it loses the jobs that go along with the businesses.

 

It also creates a domino effect, with the employees of companies that move out of Boise selling their homes and moving to the new location in many cases.

 

“There’s a real need for industrial space in Boise,” said Jason White, an industrial leasing specialist with Colliers international Inc.  “It's imperative to Boise's future that more space be built,” White said.  The economic development arm of the city is working to solve the problem, but it will take time for efforts to work, said Jeff Jones, Boise's economic development director.  A mid-year survey by Colliers showed that in July, the vacancy rate for industrial space had dropped to 2.7 percent down from 3.25 percent a year ago.  A typical industrial market has anywhere from 4 to 6 percent vacant space, White said several factors have caused the shortage, including:

 

High demand, with more companies moving to Boise at the same time established Companies are expanding.

 

Difficulty finding large enough pieces of land near city services to build large industrial buildings. 

 

Developers not having the funds to install infrastructure quickly enough to get buildings built in time for the "I want it now" companies emerging in the high-tech world.

 

Residential growth squeezing out sites: that could be used for industry.

 

An example of the effect of the shortage can be found at R & M Steel on State Street in Boise.  When the owners of the company, which makes customized steel buildings, began looking for sites to expand, they found there was nothing within Ada County that suited their needs.  “It’s an absolutely gargantuan expansion for us,” said Nancy Roberts, who owns' the company” with her husband, Rob.  "But we couldn't expand at our present location because residences have pushed right up to our property line.

 

The company found what it was looking for in Caldwell, where it purchased 80-acres enough room for future expansion.  The company is building a 90,0%-square-foot building on the site, big enough to move long lengths of steel around inside.  It has 30 employees and will add at least 10 more when the building is done at the end of September 2000.  “Many of our employees have decided to buy houses in Caldwell,” Roberts said.  She and her husband also are planning on relocating to the Canyon County city.

 

Another example is Western Electronics, which is building a 106,000-square-foot manufacturing plant in Meridian.  The company didn't expand near its Garden City plant because it couldn't find a large enough building.  “We scoured the area looking for the right location,” said Walt Mott, a representative for Boise-based DBSI Group of Companies, the majority owner of Western Electronics.

 

In another case, online auction king eBay Inc. bypassed Boise a year ago when it couldn't find enough space for a large call center, settling instead in Salt Lake City.

 

To solve the industrial land shortage, the Boise is working to build a database of all properties in the city where industrial buildings could he built.

 

Unlike commercial property brokerages, the database will show all properties, not just the ones listed with a particular company for sale.

 

The database will be put online so interested parties can contact the property owners and negotiate for leases.  “It will be especially helpful for companies that need to assemble parcels from multiple owners,” Jones said.

 

The city is also trying to establish a rotating loan fund, where developers would be able to get loans to cover the interest on costs associated with installing infrastructure until a tenant needs a building to go up.  The developer would cover the principal on the loan.

“Companies today are asking for buildings to be completed in six months,” Jones said.  “'That can't be done unless the infrastructure is already in place.”

 

Companies want the space, and they want it now, Mott said.

 

“We've had clients say  ‘If you can build it in six months, we'll take it,” Mott said.  “But we just can't build them that fast.

 

It takes a minimum of four months just to get the permits and other city approvals before a building can even get started, Jones said.”

 

Growth is expansion of Boise, prompted the Boise city council to approve spending $3 million in 2002, in order to purchase property designated for commercial, manufacturing and industrial areas across Interstate 84 from Micron Technology Inc., near the Isaac’s Canyon interchange.  John Tucker of the Idaho Statesman September 24, 2000 reported:  “The council hopes development of a large industrial park will encourage businesses to locate in Boise and deter them from moving to other cities in the valley or – worse yet – to cities outside Idaho.  A report issued in 2000, prepared by Colliers International Inc. estimated that the vacancy rate for industrial properties in Boise had dropped as low as 27 percent in the summer of 2002, meaning very few properties are available for large industrial businesses looking at Boise to expand or relocate.  Boise City Councilman Jerome Mapp said, “There is a lack of industrial space that’s causing businesses to move to other municipalities.”  The land involved is three parcels, totaling 165-acres, two of which adjoin, creating a 130-acre tract between the I-84 Isaac’s Canyon interchange and the Outlet Mall.  Ada County Highway District and the city of Boise have worked out a deal to extend Eisenmam Road to Isaac’s Canyon Interchange."  As reported by John Tucker of the Idaho Statesman September 9, 2000.

 

 

EQNEEDF views on Politics, Environment, Energy, Health, National, and Foreign Affairs

 

                                ENERGY QUEST, former National Energy Efficient Development Inc.

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