Tagged : new construction

There are currently 4 blog entries matching this tag.

Boise real estate home sales increased by 48% in March from February with 329 homes were sold. Compared to March '13, real estate sales in Boise increased by 5% and 16% from 2012. 

As you can see in the graph below, real estate sales usually increase in the Spring and Summer months, however the 48% increase Boise experienced in March is significantly higher than a typical monthly increase. Last year there was a 25% increase between these two months; the increase was 23% higher this year.

Boise real estate sales March of 2014 consisted of 288 traditional home sales, 27 bank-owned/HUD homes, and 14 short sales. Compared to previous months you can see that bank-owned/HUD home sales stayed in the same general range while traditional home sales shot

2,122 Views, 0 Comments.

There were 615 homes sold in Ada County in October of 2013. This is down slightly from September, which is normal, heading into the winter months. Historically, December & January post the fewest sales. This is partly due to people beginning to focus more on the holiday season rather than making a location change. That trend normally reveres in about February. In 2013, February sales had a 22% increase over January as you can see in the graph below.

Ada County Home Sales Oct. 2013

Of the 615 Homes sold in October, 137 of them were new construction, and 478 of them were existing homes. In other words, 29% of sold homes were new, and 71% were existing homes. During 2013, on average, 26% of the monthly sales were new and 74% were existing. This proportion stays pretty consistent

3,326 Views, 0 Comments.

Ada County new construction sales in March 2013 were up 54% compared to the same month the previous year.  This is a continuation of the steady improvement we've seen in the new home market for quite some time.  In fact, this is the 21st consecutive month of year-over-year increases in Ada County.  As you can see in the graph below, January & February saw modest (relatively) improvements with 20% and 27% increases.  May and October of last year saw new home sales more than the double previous year.

Year-Over-Year Increase in New Home Sales

One of the driving factors for the increase in demand for new homes in the Boise area is the relatively low supply of homes for sale.  During March 2013, there were just 1,787 homes for sale in Ada County.  Compared to inventory in previous years, this

2,051 Views, 0 Comments.

According to the Builder Sentiment Index recently released by the National Association of Home Builders/Wells Fargo, it appears that homebuilder, as well as consumer, confidence in the housing market is increasing and is now at a five-year high. This index, compiled from the responses of 478 builders, showed that, nationwide, home builders have seen higher new construction sales this year, possibly buoyed by falling mortgage rates and an otherwise decreasing market inventory. In June, the NAHB reported that the number of building permits for single family homes are at their highest levels since March 2010, and there were more housing starts in June than in almost 4 years.

Consumer confidence appears to be trending upward in the Boise Idaho real estate

2,189 Views, 0 Comments.