Home Prices In Ada And Canyon Counties UP Again!

What would you do if you had an extra $32,000 to your name? put a down payment on a  new house? buy a new car? pay off your student loans? pay off you credit cards? invest in the stock market? start a small business? Let me ask another question... What would you do if you had an extra $58,000 to your name?

If you've owned a home in Canyon county since January 2019 you have an additional $32,000 to your name and if you've owned a home in Ada county you have an additional $58,000 to your name because that is how much home resale prices have increased in those respective counties from January 2019 to January 2020 according to realtor Mike Pennington with John L. Scott Real Estate.

KTVB says Pennington claims he has never seen such growth in sales and values,” In the 20 plus years he has done these reports.

Some of us are loving this and others are screaming at everyone who doesn't have an Idaho license plate, regardless of what side you're on the positive is that we live in an amazing city that is being discovered by the rest of the country daily. Enjoy it because the only constant in life is change. Here is some more data as seen on ktvb.

RESALE HOME PRICES

Ada County average:

• January 2019: $325,559
• January 2020: $384,010
• Increase: 18%

Canyon County average:

• January 2019: $210,700
• January 2020: $242,589
• Increase: 15%

NEW HOME PRICES

Ada County average:

• January 2019: $413,944
• January 2020: $450,518
• Increase: 9%

Canyon County average:

• January 2019: $290,797
• January 2020: $316,357
• Increase: 9%

NEW HOME INVENTORY

Ada County:

• January 2019: 765 units
• January 2020: 647 units
• Months of supply: 2.09

Canyon County:

• January 2019: 461
• January 2020: 382
• Months of supply: 3.24