Sunday, December 21, 2014

Buyers Look West to Canyon County

Home sales fell nearly twice as much as normal from October to November in Ada and Canyon counties, according to the latest report from the Intermountain Multiple Listings Service. But Jere Webb, associate broker at Downs Realty in Eagle, says he doesn't take much stock in month-to-month swings. More revealing, Webb says, are the year-to-date totals, which show Ada County will fall short of its 2013 sales while Canyon County will top its 2013 numbers.

"People are looking for the lower price point," Webb says. "Prices have gone up enough in Ada County that people are heading west for cheaper houses."

Webb says that the Treasure Valley's price growth, which is modest compared with 2012 and 2013 gains, shows the market is settling into a healthy growth period rather than a boom that could lead to another real estate bubble.


Thanks to the Idaho Statesman

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