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Jon Shultz
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(208) 761-2047

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Boise Life | 81 Posts
Buying A Home | 27 Posts
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Home Improvement | 33 Posts
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Selling A Home | 8 Posts
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Uncategorized | 11 Posts
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January
22

January 22nd, 2024 by


From Our Friends At Boise Regional REALTORS®

ADA COUNTY

MEDIAN SALES PRICE —

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

HOMES SOLD —

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

PENDING SALES —

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

INVENTORY —

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

DAYS ON MARKET —

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

A MESSAGE FROM BRR'S PRESIDENT —

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

~Elizabeth Hume, Boise Regional REALTORS® 2024 President

CANYON COUNTY

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

HOMES SOLD —

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

PENDING SALES —

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

INVENTORY —

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

DAYS ON MARKET —

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

A MESSAGE FROM BRR'S PRESIDENT —

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

~Elizabeth Hume, Boise Regional REALTORS® 2024 President

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

Categories: News
January
16

January 16th, 2024 by

With the holidays behind us and the days feeling short and chilly, we're here to make the most of the season. Check out our list of activities, both indoors and outdoors, to beat the winter blues. From cozy indoor options to nearby snow sports, there's something for everyone!

Bogus Basin

  • Snowshoeing: Get outside, enjoy beautiful scenery and get in some exercise. The snowshoe trails at Bogus Basin provide a wide array of levels, and if you don't own any snow shoes, they are easy to rent at the Frontier Point Nordic Lodge. Half-day passes start at $14, for more go here. 
  • Tubing: The Tubing Hill at Bogus offers a great alternative for the non-skiers, or families looking for a fun day out. Get tickets

Click Here to Read More...

Categories: Boise Life
January
9

January 9th, 2024 by

Well-planned home renovations can really enhance your home's appeal and amp up its price when it's time to sell. But not all improvements bring a hefty return on investment (ROI). Knowing the most promising updates can help strategize your revamping efforts for an attractive sale. Read on for a rundown of the top five home improvements likely to supercharge your property's resale value.

Kitchen Upgrades

A modern, functional kitchen can impress prospective buyers and significantly boost your resale value. But a complete remodel isn't always necessary when you're looking for a sizable ROI. If your kitchen already has a good layout, work with what you have and make strategic changes. Key renovations to consider include new countertops, an updated backsplash, a fresh coat of paint, and high...

Click Here to Read More...

Categories: Home Improvement
January
2

January 2nd, 2024 by

 

At Idaho Central Credit Union, we know how overwhelming the task of purchasing a home can be, especially in this market! As exciting and life-changing as it is, the process of buying a home can also be very emotional. ICCU's home loan specialists are here to help you through the rollercoaster and make the transition to home ownership as smooth as possible.

We have broken down several emotions you can expect to feel on the journey to becoming a home owner, and some unique benefits that ICCU offers to help along the way!

Excitement

The excitement is palpable! You've decided to make one of the largest purchases of your life! The options are endless and the housing market is your oyster....

Click Here to Read More...

Categories: Buying A Home
Tags: For Buyers
December
15

December 15th, 2023 by


From Our Friends At Boise Regional REALTORS®

ADA COUNTY

MEDIAN SALES PRICE —

  • Pickings remained slimmer this month, resulting in higher sales prices compared to last year, but the MSP still eased from Oct 2023.
  • Higher mortgage rates in early Nov may have catalyzed lower prices for the month.

HOMES SOLD —

  • This year's seasonal slow-down from Oct to Nov was less abrupt than 2022 where we saw a steeper bog.
  • For example, new homes saw 11 less sales since last month; there were 45 fewer closings from Oct 2022 to Nov 2022.

PENDING SALES —

  • For the first time in 31 months, pending contracts experienced its first summit over the previous year.
  • Paired with shrinking gaps in YOY data for sales, market hunger is keeping warm.

INVENTORY —

  • Inventory had been on a slow incline since Jun 2023, only to revert this month.
  • Existing/resale saw the greatest shrink in options, slipping from 825 available properties to 656.

DAYS ON MARKET —

  • DOM for single-family homes decreased slightly by 4 days compared to Oct.
  • In Nov, the homes that sold for less than $500k spent an average of 13 fewer days on market than those that sold for more.

A MESSAGE FROM BRR'S PRESIDENT —

"We are interested to see how the market responds to mortgage rates dropping nearly 0.75% since early November and what affect that may have on sales prices and Days on Market next month."

~Debbi Myers, Boise Regional REALTORS® 2023 President

CANYON COUNTY

MEDIAN SALES PRICE —
  • The price gap between new construction and existing homes has continued to diminish. In Nov 2022, the difference was approximately $120k but now sits at approximately $31k.

HOMES SOLD —

  • New construction took the reins on home sales in Nov, bumping up from 141 sales in Oct 2023 and 129 sales in Nov 2022.
  • Resale's contracts and closings cooled compared to last month and last year.

PENDING SALES —

  • New construction accounted for a significant portion of this month's pending sales — 71.2% of the overall pot. 
  • Oct 2023 marks the 20th month of YOY pending sale declines (since Feb 2022).

INVENTORY —

  • While there was a dip in inventory for all sectors aside from new construction, the MSI (below) remained the same compared to last month, showing supply and demand remained steady.

DAYS ON MARKET —

  • This month was another historically speedier month when juxtaposed against the previous year. For example, single-family homes spent an average of 17 less Days on Market than in Nov 2022.

A MESSAGE FROM BRR'S PRESIDENT —

"We're seeing months' supply of inventory at play with the price divide between new construction and resale. As existing home supply struggles to keep up (MSI 1.7) and new construction makes headway (MSI 3.0), the sectors' prices are reflecting the balancing act."

~Debbi Myers, Boise Regional REALTORS® 2023 President

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

Categories: News
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Jon Shultz
Jon Shultz Office: (208) 761-2047 Cell: (208) 761-2047 Email Me
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/20/2026. The listing information on this page last changed on 03/20/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 03/20/2026 12:16:06 AM EST) or INTERMOUNTAIN MLS (last updated Thu 03/19/2026 11:32:28 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Tomlinson may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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