Sales by City

Summary: Month-by-month sales volumes in the various communities mirror the overall Treasure Valley trend—rising steadily through early winter / spring, peaking in May, and dropping slightly in the summer / fall.

August / September sales are the same or higher than January / February sales. In Canyon county, the past few months are substantially stronger than the first months of the year. In all cases, April / May / June represent the peak sales months.

		City
		Total	Boise	Meridian	Kuna	Star	Eagle	Nampa	Caldwell	Middleton	Emmett
	January	280	107	61	27	8	1	57	16	2	1
	February	318	116	81	29	8	4	51	21	5	3
	March	391	122	99	27	7	6	91	28	6	5
	April	392	123	96	27	7	4	94	28	7	6
	May	500	176	92	46	17	6	120	30	10	3
	June	448	150	85	37	7	2	119	35	7	6
	July	396	144	72	30	3	3	96	37	10	1
	August	393	129	75	33	9	4	101	35	4	3
	September	355	103	57	25	6	3	105	47	4	5
	Thru Oct 13	113	37	20	10	2	2	23	18	1	0
Total		3586	1207	738	291	74	35	857	295	56	33

New Home Sales vs. Existing Home Sales

Summary: In this price range, home sales are dominated by existing homes, not new construction.

New homes represent less than a quarter of total sales in a typical month. Interestingly, new homes represented the smallest percentage of total sales in the summer months when overall sales were highest.

It is also important to note the actual number of new home sales. Even at it highest point this year, new home sales in Ada and Canyon counties combined have never exceeded 100. There are more than three existing homes changing hands for every one new home sold.

Number of homes sold by month: New and Existing

	Total	New Homes	% of Total	Existing Homes	% of Total
January	280	83	30%	197	70%
February	318	76	24%	242	76%
March	391	92	24%	299	76%
April	392	94	24%	298	76%
May	500	94	19%	406	81%
June	448	79	18%	369	82%
July	396	82	21%	314	79%
August	393	78	20%	315	80%
September	355	85	24%	270	76%
Thru Oct 13	113	25	22%	88	78%
Total	3586	788	22%	2798	78%

Overall Descgription of the Target Real Estate Market