Idaho REALTOR Don Wixom released his annual real estate market report identifying statistics and trends.
Online PR News – 20-February-2018 – BOISE, Ida. Idaho REALTOR Don Wixom released his annual real estate market report, identifying statistics and trends to help home buyers and sellers understand market conditions.
Average Sales Price
The report shows steady price growth for real estate in Idaho, with Canyon County homes averaging 9%, with a slightly more robust 10.94% growth in Ada County.
"Five years of data shows a steady increase in all parts of the Treasure Valley," Don Wixom said. "This makes the Boise real estate market, including surrounding areas, one of the most stable markets in recent years for real estate investors."
New Construction % of Market
While new construction declined from 2013 to 2015, the report shows increasing homebuilder confidence as they picked up the pace dramatically from 2015 to 2017.
Months of Inventory (Supply)
Months of inventory, defined by how many months it would take to sell every home currently on the market if no more homes were to go up for sale, dropped dramatically from 2013 to 2017. Canyon County showed a peak of 4.25 months inventory in 2013, dropping to 1.8 months in 2017, while Ada County peaked at about 3 months in 2012 and dropped to 1.5 months in 2017.
Wixom says market statistics look strong for the Treasure Valley Idaho real estate market.
"While no one can predict exactly what’s going to happen in 2018, the tax cuts have generated some optimism that the economy will keep growing throughout the year," he said. "Buyers and sellers wanting to make sense of the statistics can contact our team for personalized consulting."
About Don Wixom
Don Wixom specializes in representing his clients in the purchase and sale of Idaho real estate, including residential, commercial and investment properties, covering Boise Idaho homes for sale, also covering the Nampa, Meridian, Eagle, Caldwell, Star, and Kuna communities. Since becoming licensed in 1996, he has averaged selling 70 homes each year.
Don’s clients have come to rely in his experience to get their homes sold and to give the best guidance in purchasing a home. Though Don has hundreds of hours in education in all aspects of real estate, he specializes in residential properties. Whether it is single-family homes or multi-family investment properties, this is where his expertise and negotiation skills are most often put to use.