Canyon County Home Sales: 2014 vs. 2013

Now that 2014 is in the books, here’s a breakdown comparing Canyon County homes sales for 2014 vs. 2013.

Available

  • # Listings: 1,065
  • Average Asking Price: $206,653
  • Median Asking Price: $164,900
  • Months’ Supply: 3.7%

Closed Sales

  • 2013: 3,264
  • 2014: 3,481
  • % Change: +6.7%

Average Price

  • 2013: $141,698
  • 2014: $154,856
  • % Change: +9.3%

Median Price

  • 2013: $124,900
  • 2014: $131,990
  • % Change: +5.7%

Takeaways

  • We sold more homes at higher prices in 2014 vs. 2013.
  • We have a moderate supply of listing inventory at this time.
  • We will need additional listing inventory to sustain a healthy market in 2015.
  • Canyon County prices remain attractive when compared to Ada County prices.

Data pertains to Canyon County single-family homes on lot or acreage.

Data does not include condo or townhome properties.

 

New Water Heaters Will Soon Cost More

I’ll bet you’ve never heard of the NAECA, right?

NAECA is the acronym for the National Appliance Energy Conservation Act, which includes requirements for higher Energy Factor (EF) ratings on all residential gas, electric, oil, and tankless gas water heaters.

These new EF requirements will become effective April 16, 2015.

The bottom line?

New water heaters are going to cost more after April 16th ~ a lot more, in some instances.

To achieve higher EF ratings, new water heaters will be larger to accommodate additional insulation and other components.

That means some new water heaters will not fit into existing water heater spaces, requiring costly relocation and additional plumbing.

The new EF standards should decrease operating costs, but will likely increase maintenance costs for some new models due to their more complex design and integration of electronics, blowers, fans, condensers, etc.

Additional complexities of the new water heaters will also make it more difficult for do-it-yourself installations and require the services of licensed plumbing contractors.

We can also expect plumbing contractors to charge more to install these new water heaters because they will be larger and heavier, often requiring a two-person crew for installation.

Finally, new home builders will be including the additional cost of these new water heaters in their prices.

If you want to replace your current water heater before the April 16th deadline, you should check with local suppliers now because some current design waters are already in short supply.

For more information, check out this Bradford-White webinar.

 

Eagle Idaho Home Sales: 2014 vs. 2013

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Now that 2014 is in the books, here’s a breakdown that compares Eagle Idaho home sales for 2014 vs. 2013.

Available

  • # Listings: 282
  • Average Asking Price: $502,918
  • Median Asking Price: $419,900
  • Months’ Supply: 4.9

Closed Sales

  • 2013: 698
  • 2014: 707
  • % Change: +1.3%

Average Price

  • 2013: $379,795
  • 2014: $377,837
  • % Change: -.52%

Median Price

  • 2013: $343,950
  • 2014: $338,451
  • % Change: -1.6%

Takeaways

  • 2014 Eagle Idaho home sales were essentially flat vs. the 2013 numbers.
  • 2014 Eagle Idaho sales prices were slightly lower than the 2013 numbers.
  • We have an ample supply of Eagle Idaho listing inventory at the present time.

Data pertains to Eagle Idaho single-family homes on lot or acreage.

Data does not include condo or townhome properties.

 

Meridian Idaho Home Sales: 2014 vs. 2013

Now that 2014 is in the books, here’s a breakdown that compares Meridian Idaho home sales for 2014 vs. 2013.

Available

  • # Listings: 543
  • Average Asking Price: $269,756
  • Median Asking Price: $254,900
  • Months’ Supply: 3.3

Closed Sales

  • 2013: 2,238
  • 2014: 1,983
  • % Change: -11.4%

Average Price

  • 2013: $228,595
  • 2014: $239,103
  • % Change: +4.6%

Median Price

  • 2013: $208,000
  • 2014: $218,895
  • % Change: +5.2%

Takeaways

  • We sold fewer Meridian Idaho homes at slightly higher prices in 2014 vs. 2013.
  • We have a very low months’ supply of Meridian Idaho listing inventory at this time.
  • We will need additional Meridian Idaho listing inventory to sustain a healthy market in 2015.

Data pertains to Meridian Idaho single-family homes on lot or acreage.

Data does not include condo or townhome properties.

 

Boise Home Sales: 2014 vs. 2013

Now that 2014 is in the books, here’s a breakdown that compares Boise home sales for 2014 vs. 2013.

Available

  • # Listings: 1,944
  • Average Asking Price: $315,932
  • Median Asking Price: $249,900
  • Months’ Supply: 2.93

Closed Sales

  • 2013: 8,119
  • 2014: 7,957
  • % Change: -2.0%

Average Price

  • 2013: $233,638
  • 2014: $246,540
  • % Change: +5.5%

Median Price

  • 2013: $197,400
  • 2014: $210,000
  • % Change: +6.4%

Miscellaneous

  • We have about 3,300 Ada County agents.
  • The average Ada County agent closed 2.4 sales in 2014.

Takeaways

  • We sold fewer homes at slightly higher prices in 2014 vs. 2013.
  • We have a very low months’ supply of listing inventory at this time.
  • We will need additional listing inventory to sustain a healthy market in 2015.

Data pertains to Ada County single-family homes on lot or acreage.

Data does not include condo or townhome properties.