IDAHO LAND REPORT 2 0 1 9 Counties included: Trends Ada, Canyon, Bannock, Bonneville, Bingham, »» The City of Boise makes up the Cassia, Jerome & Twin Falls majority of land for sale in Ada County with 2,086 acres listed and an average asking price of $382,580, Current Commercial Land Listings well above the average Ada County Average prices per acre by county asking price of $321,426 per acre.
»» Caldwell makes up the majority of $325,000 MARKET AVERAGE PRICE $231,400 the land for sale in Canyon County $300,000 with 2,642 acres currently on the $275,000 market for sale, and has an asking $250,000 price of $114,971. Which is slightly below the county average asking $225,000 price of $123,323 per acre. $200,000 $175,000 $150,000 Hot Spots $125,000 $100,000 »» Available land for sale near Ten Mile Crossing will continue to be $75,000
,505 highly sought after by developers $50,000 and national retailers looking to $25,000 expand into the Treasure Valley. $300,345 $32 1, 426 $181 $122,323 0 It is anticipated that with much of
CANYON MAGIC VALLEY EASTERN IDAHO ADA the remaining undeveloped land in Downtown Boise, the area will continue to see high-end apartments and Class A offices, both with ground floor food and With home prices rising 10.7% in Idaho retail options. from 2018, we anticipate land zoned for »» The Northgate District in Pocatello new construction to be in high demand.* has ±10,600 acres of undeveloped land that sits just off Interstate 15. A new interchange should be completed by August or September of 2019. *According to Corelogics Home Price Insights Report Currently Listed Land Zoning RESIDENTIAL COMMERCIAL QUARTERLY FORECAST 27% Ada County 73% »» Overall, both the demand and prices 51% of land have increased while supply Canyon County 49% remains steady. Land continues to be purchased by developers and 41% Eastern Idaho investors. Look for this trend to 59% continue into 2020, as demand for future development has not slowed 54% Southern Idaho down. 46% PERCENT(%) 0 10 20 30 40 50 60 70 80 DEMAND New Construction Permit Values Jan-June 2019
$1,244,664,770 $706,653,589 SUPPLY
Single family housing PRICES COMMERCIAL made up 82% of the $1.2 36% billion in residential
RESIDENTIAL permits. 64%
Highlighted Transactions CONTACT John Starr SOLD SOLD SOLD 208 472 2836 [email protected]
TBD Yellowstone Ave. Legacy Development Deer Flat Development Commercial Residential Residential Pocatello, Idaho Eagle, Idaho Kuna, Idaho Land size: 6.88 acres 77 lots sold Land size: 40 acres
Jimmy Roumanis 208 472 2840 Idaho LAND BROKERAGE [email protected] 755 W FRONT ST. STE 300 | BOISE, ID | 208 345 9000 | COLLIERS.COM/IDAHO
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