Sunday, July 27, 2014

For Sale: Press-Tribune Compares Ada vs. Canyon Home Prices

Posted By on Sun, Jul 27, 2014 at 11:00 AM

A report on Sunday morning's front page of the Idaho Press-Tribune has more than a few Treasure Valley homeowners looking over the fence, and even more checking out today's real estate listings.

The bottom line: $300,000 should get you about 1,600 square feet in a downtown Boise condo or a 3,000-square-foot home on Caldwell. Oh, and that home comes with five acres of land.

As the recession continues to ease, the Press-Tribune drills into home prices, with particular comparison between Ada and Canyon counties. For instance, in June, the median new home price in Ada was just over $325,000 while the median price tag in Canyon County was a bit over $130,000.

More interesting is the fact that more homeowners are putting their houses on the market since their domiciles have increased equity—some of them significantly. One realtor pointed to a client who bought a home in 2011 for $75,000, which is now worth $115,000.

"A lot of buyers would rather commute a little farther for work and have the home they want, than sacrifice their home needs to live closer," realtor Lindsey Barow told the Press-Tribune.

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