I want to talk a little bit about our market, obviously still going in the same trajectory that it was going, that really has not changed much. But what are you hearing from buyers and sellers out there?
You know it's kind of weird. We know that inventory is up, In fact, it's up pretty drastically month over month, year over year it's still down. And that is, of course, typically in the higher end stuff. What I am seeing as I pull stuff up, and it's, it's been on the market for four days. It's been on the market for seven days. Which is super cool. Things are still going at listing price or slightly above, but they're not, we're not seeing the $30, $40, $50 thousand above asking price on a $400,000. So that's really nice. I'm trying to reiterate to buyers that there is hope. You know, I've actually got a little buyer looking for a $250,000 house. You guys went and looked at one. Yeah, we did, and it's not the fit. But I just sent her five more this morning out in nampa. In Caldwell, better cute little houses. That's awesome, there's hope. So, buyers, don't give up. Interest rates are still amazing., and there's stuff out there.
Like I said, in our last video last week or the week before, you know, there's this kind of stigma, that’s going around that market is impossible and nobody can buy a house. We had over 700 transactions last month. Properties are still moving. Like I said that’s, over 700 people, you know, bought homes sold homes and transition. So, it's not impossible. And our market is looking really strong. So, if you can swing it, and you think you can make it happen sooner is better than later because our prices looks like they're going to continue on this same trajectory. 20 plus percent appreciation over the next year.
Honestly, I'll tell you what it comes down to, and that's working hard on our end. You've got to have somebody that is literally looking at every single thing that is coming soon scraping the barrel. it's looking for things that are off market, looking for, for sale by owners, because let's face it, this has been a really great for sale by owner market. So you got to look at those. And you have got to be looking every single hour of every single day, because once they do come up, you do still have to jump. Sellers are still excited about what's going on with the market. You're seeing a little bit of glossy eyed confusion because their house it's on the market for maybe a week and they're like, oh my gosh, what's happening are things crashing.
It was funny, I pulled up a bunch of listings, I do price, you know, looking at prices in different areas, whether it's Kuna or Meridian or whatever. Trying to figure out where they are at and what they are doing. And I have to say for the first time I pulled up, I think it was Kuna that I was looking at. And I saw like five or six price drops. You know, the people who kind of overshot the market, which is totally normal, nobody's fault. It happens in this crazy market. Nobody is really sure exactly where to price. But I did see like four or five price drops, and they weren't big. They are like $5,000, $10,000. But yeah, I just looked down and I did not see any price increases, which I was seeing for a little while.
It's really cool, I just pulled up things that were less than 20 years old in Meridian and Kuna for 450K and under, and there were 17 of them, that's awesome. So that was exciting. sellers, I think they are a little unsure now what's going on, if we're going to sell it, maybe we better do it now, which, you know, none of us have a crystal ball. So, I look at what is your situation? Your situation is such that this is a good time for you to sell. Chances are you have made good money on your real estate. So yeah, absolutely. I will say go for it.
And I mean, it is all situational based. I was just talking with one of our investors the other day, and we are talking about moving some properties around or maybe just selling them outright. But I'm telling her to hold on for a little while, because we're looking like we're having a great year of appreciation and There's no roadblocks that we can see. So that is great. So if you don't need to sell, you've got another year of great appreciation. If you need to sell you have probably done fantastic. So do not feel like you've left money on the table, because nobody has right now.
The only thing that you might see is a little more competition. If you are a seller, then maybe you will see right now or what you have seen in the last two years. So that might be the only thing to think about. If you want to be the only show in town sell now. The place that we are seeing really crazy stuff is McCall and Donnelly. Donnelly for sure. I have got some clients up there just sold a house up there. I have got some others that are looking at stuff and things are just going crazy up there.
Their days on market are nothing, their prices especially around the Donnelly area, I mean, they're rivaling ours, if not higher than ours in a lot of cases, so it's pretty crazy out there right now.
Welcome to Tamarack being back on the radar. Yeah, If you haven't been up to Tamarack to check out what they're doing. You have to go because it is amazing. Talk to us about market stats. What's going on? All right.
Now remember, before I get into this, this is for May, I had a couple questions about that. We will not have June's until July, if that makes sense. So, we're looking at May stats. So, we do not have June off yet. We will have those July 12. So, this is for May, which is pretty crazy. Because Ada County We're at 523,250 median sales price. Yes. that's high. Half a million bucks for a house in Ada county now. I mean, that's what it is. I never thought we'd be in a half million dollar market. But we are we're there and inventory year over year still down. 54%.
570, homes on the market. We had 790 homes sold total, which is great. that's what we're talking about earlier, we've had over 700 again. If you have that mindset that it's impossible it's not, there are people moving, there are people buying, shockingly, 12 days on market, which is down 57% over last year. It's actually kind of an uptick over the last couple months. We were seeing like 7-8-9 days. So we're up to 12. That's what you're talking about earlier, seeing a couple of those houses stay out there for three or four days, which is nice. it's usually the higher price stuff. That’s always where we see the change first. that is your trendsetter? Well, we've got a lot. I mean, not everybody studies the real estate market every three seconds. You know, some people probably woke up yesterday and went, holy cow, did you hear how much our house is worth? So we're starting to see some of those people making that move and making that jump. We've actually talked to some sellers that are making that jump because of how much appreciation they have in their house. They didn't even know, they're like, I guess we're going to move. Yeah, because maybe our house doesn't work for them for whatever reason perfectly and they can move into something that will work. So what is canyon county doing? Canyon county is crazy to, it's over 400,000. Now 410,000, our median sales price. We had just over 460 transactions. It's more year over year then Ada county. It is Yeah. 48%. Well, that's money moving. It's going that way. Um, our inventory is 357. That's down 35% year over year, and again at the same days on market. So that just tells you right there that the competition in Canyon county just like it is in Ada county the appeal in Canyon county is just as strong. Absolutely and now that it's grown, people can live and stay there and not have to come to Boise if they don't necessarily want to.
Well, you know, I've got clients that are looking at moving a mother in law this direction. They live in Boise, they'd love to have her close, but because of prices, they're actually looking at putting her in Nampa or Caldwell, you know, somewhere like that, because it is a little bit more affordable. And they can make it work
and you've got all the amenities. Now, there's no reason you can't live out in that region and feel like you have to come to Boise for stuff because you really don't you can stay in Nampa.
You know what, it's kind of goes full circle, because you know, back when my husband lived in Napa like 100 years ago, okay, well, he's not quite that old. Yeah. Literally, it was the you know, come to Boise to do your Christmas shopping.
now people go from Boise to Napa to go Christmas shopping. its' Not quite as busy as maybe like the mall. I got a couple comments last time about Elmore county and Gem county.
I have stats on that. Typically, we stick to Ada and canyon counties, But we do serve both of those other counties. So, we're going to go over the numbers over there. So, we don't leave those people out this time. doing. Well, they're going crazy, too. Obviously, their prices aren't quite as high because their a little further out. But we'll start out in Emmett So Gem county has an average price point or medium price point of 334,500. Which that's great for some homeowners out there. We used to go to Emmett and find homes for 100 grand all day long. So that's great for homeowners. They only had 25 units sold, Their inventory was 48. Their inventory is actually up right now. So that's really quite a lot. There's actually some things to look out over there. Then your days on market, and this is just because you're out in Emmett little bit far, that's not appealing to everybody. You've got 27 days on market, which honestly, in a normal seller's market, that would still be great. We're selling houses in under 30 days. 60 days is considered a balanced market. So to give you some perspective, when we see like 27 days, it's not a scary number by any means. Ada county would be flipping out. We have sellers all the time. my house has been on the market for eight days, and we're like, Okay, calm down. It's okay.
We're used to things just flying and so when they don't go and four and a half minutes, we're like, oh, no. Elmore County, again, even a little bit cheaper than Emmet. We were worth 258,725. They had 39 homes sold last month, their inventories 21. That's down 43% homes a little bit different than what we're seeing in gem County. And then days on market is only eight So I'll be excited to go look at that and see if see if there is transplants moving out there from Boise. Is it more of a military thing I'll have to look and see what the base is doing because that eight days on market and not saying that Elmore county is not a great place. So it kind of tells me it maybe they've got some new Airmen coming in. Yeah, something's going on. Because eight days on market is lower than both Ada or canyon county and I know the demand is not as high in Elmore County, not to say that it's not worth living there. It's just not as populated and not on the map as much. So eight days on market is pretty tight for that area. But I'll have to look and see. See what's going on out there. Because it seems like something's moving around. You know, it's kind of fun to see some changes going on. I've been so tired and it's just steady. Like there's just no homes for sale. That's how we operate.
Now it's actually kind of exciting except for that one that I've got in the north end and it's been out for like nine days.
It's okay, just calm down. Remember we've been through this before days, remember our 10 days. 10 showings.
Oh my gosh. Yeah, And it's like I've had like three showings. All right. All right. So if you know anybody that needs development land in North Boise, I have got an awesome property in the north end.
It's pretty cool. So as always, if you guys have any questions at all, if you want to learn about stats, I have stats on other areas, not just these so if you have questions about those feel free I don't leave them out on purpose. We just try to keep the time in a certain time frame. Maybe next time we'll do Valley county Yeah, that'd be a great one to go over. I know that some of these second home areas or people trying to get out of the craziness of Boise now we know a lot of Idaho that are like we're out of here. Yeah. i had some friends that moved to Twin Falls last year. So you know, they were just like, its getting a little too big for me. So we can pull up the stats on those but if guys have any questions remember advice is always free here at Boise’s Best. So feel free to reach out to us, comment on this video. you can email or call us. Have fun on vacation. Yeah, I will go through the rest of the country because I hear there but just as crazy as we are. have a fantastic week and we will catch you next month. Alright, Bye, guys.
