Home Prices

Summary: Overall, prices per square foot (P/SqF) in Meridian, Kuna, Nampa, Middleton, and Emmett have caught up with Boise prices. Only Caldwell lags behind.

Prices per square foot have not dropped! Overall, price per square foot is the same price now as it was in the red-hot market this spring. October prices are $7 per foot higher than they were at the beginning of the year. Right now Boise, Kuna and Middleton prices are at their highest point this year—and perhaps their highest point ever.

Average square footage: 1514 square feet
Average price per square foot: $125

	Boise	Meridian	Kuna	Star	Eagle	Nampa	Caldwell	Middleton	Emmett
Average Square Footage	1515	1492	1500	1572	1428	1509	1608	1440	1481
Sales Price per Square Foot	$125	$126	$126	$121	$132	$124	$119	$129	$128

Average Price per Square Foot per month: By City

October and/or September prices per square foot are at or above average in every city in the valley. In fact, Boise and Kuna are basically at their highest points this year. Meridian, Nampa and Caldwell are all off their highs for the year, but every city is well above the P/PSqF at the beginning of the year.

Average Price per Square Foot by City per Month

Average		Overall	Boise	Meridian	Kuna	Star	Eagle	Nampa	Caldwell	Middleton	Emmett
Average		$125	$125	$126	$126	$121	$132	$124	$119	$129	$128
	January	119	119	116	120	105	158	120	126	120	138
	February	119	118	119	117	118	137	123	117	137	137
	March	121	122	122	122	124	141	117	111	148	114
	April	125	123	127	123	132	129	125	119	121	135
	May	127	128	128	128	119	112	125	129	124	127
	June	128	128	131	128	127	148	127	117	127	138
	July	128	128	129	130	132	134	129	121	127	105
	August	128	127	133	132	128	137	126	118	134	121
	September	125	126	125	129	124	117	124	121	127	128
	Thru Oct 13	126	133	127	131	104	138	123	112	150	--.

	Oct – avg	+$1.40	+$7.80	+$1.30	+$5.00	Small sample	Small sample	+$2.90	-$7.10	Small sample	Small sample
	Oct – high	-$2.00	$0.00	-$6.00	-$1.00	Small sample	Small sample	-$6.00	-$17.00	Small sample	Small sample

For reference while reviewing the table above, the numbers of homes per month per city is provided to compare to P/SqF prices.

		City
		Overall	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

Average Sales Price per Square Foot by Month: New vs. Existing Homes

Summary: For new homes, the average price per square footage has remained flat all year. Existing home prices have seen steady gains since January and remain at their highest levels.

New home P/SqF has stayed relatively flat over the course of the year and, in fact, appears to have dropped slightly in the past few months. Existing home P/SqF, however, rose steadily for the first six months of the year and have remained high. To-date, October prices are over $10 per square foot higher than they were in January.

Average Sales Price per Square Foot by Month: New vs. Existing Homes

	New or Existing Home
	New		Existing
	Homes	P/PSqF	Homes	P/PSqF
January	83	$119	197	$119
February	76	$116	242	$121
March	92	$114	299	$123
April	94	$121	298	$126
May	94	$120	406	$129
June	79	$120	369	$130
July	82	$120	314	$131
August	78	$117	315	$131
September	85	$118	270	$128
Thru Oct 13	25	$112	88	$132
Average		$118		$127