Monday, May 20, 2013

Ada vs. Canyon Counties

I found some interesting comparisons between Ada and Canyon counties.

Share of April Home Sales under $70,000    Ada   1.1%              Canyon   10.8%

Share of April Home Sales over $200,000   Ada   43.6%           Canyon   12.6%

There was very little difference between the counties on length of time a home was on the market before selling: Ada at 55 days and Canyon at 60 days, reversed for new homes with Canyon 52 days on the market and Ada 62 days.

The increase in  percent of newly built homes sold in April.

Ada   34% to 153 Homes and        Canyon up 105% to 43 Homes.

One of the most interesting tidbits to me is in comparing April 2013 to April 2012.  While Ada County's sales volume increased from 658 units to 705 units, a 7.14% increase, Canyon County's units decreased to 230 units from 266 the previous year.

And month to month median price increases were negligible in Ada county at .13%, from $186,750 in March to $187,000 in April.  Canyon County however took a pretty good hike rising form $110,500 to $124,950, an increase of 13.08%.

So we have Canyon County prices increasing with sales dropping.

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