IDAHO LAND REPORT 2 0 2 0 Counties included: Ada, Canyon, Bannock, Bonneville, Bingham, Insights Cassia, Jerome & Twin Falls » U.S. home builders began Months Supply Level construction on homes at a seasonally-adjusted annual rate ADA COUNTY CANYON COUNTY of 1.496 million in July, up 22.6% New Construction 6.9 4.2 from the previous month and 23.4% Existing 7.5 4.9 from a year ago. The pace of home building is now 7% down from the pre-coronavirus high. *According to *According to Mortgage Bankers Association the U.S. Census Bureau Current Commercial Land Listings Average prices per acre by region » The overall Ada County July 2020 median sales price rose to $650,000 $290,000, which is an increase $600,000 of 11.7% compared to July 2019. $550,000 New homes made up 31.1% of all closed sales in July, with a median $500,000 sales price of $425,000, up 9.1% from July 2019. The median sales $450,000 Price has increased $18,157 since Q2 price for the existing homes rose as $400,000 2020 well, reaching $380,000 in July, an $350,000 increase of 15.2% year-over-year. MARKET AVERAGE *According to Boise Regional Realtors $300,000 PRICE $286,834 $250,000 Hot Spot

$200,000 » Central Valley Plaza, located on the $150,000 corner of Chinden and Highway 16 in Meridian, is a new mixed- 773 923 ,836 $100,000 , use development that will feature $50,000 a unique combination of office, $254,804 $209 $442, $239 medical, flex, retail and senior living. 0 This 71 acre project is situated in CANYON EASTERN IDAHO SOUTHERN IDAHO ADA the fastest growing area of Idaho.

DEMAND SUPPLY PRICES Land Acres Currently on the Market QUARTERLY FORECAST ZONED ZONED RESIDENTIAL COMMERCIAL » Homebuyer demand remains robust, inventories are tight, and there is a

4,015 need for new units to keep the pace Ada County 2,488 of sales going. On another positive note, housing permits were running at 487 an even faster pace in July, indicating Canyon County 3,372 that builders will continue to increase production in the months ahead. 307 Eastern Idaho Housing is certainly one of the bright 4,696 spots in the struggling economy. *According to Mortgage Bankers 59 Southern Idaho Association 633

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000

Boise, Idaho was listed #1 New Construction by Buildium on the Top 50 Permit Values Up-and-Coming Real Estate 2020 year to date Markets to watch in 2020

COMMERCIAL Building Permits $164,452,150 Q3 2020 Permits Value Ada County 1,895 $468,392,408 Canyon County 467 $63,384,182 Eastern Idaho 311 $45,357,165 RESIDENTIAL $458,815,886 Southern Idaho 261 $46,134,281

Median Existing Home Price (Ada County): Highlighted Transactions $380,000

SOLD SOLD SOLD Median Existing Home Price (Canyon County): $275,000

Median New Construction Home Price (Ada County): TBD S. Pleasant Valley Rd. Legacy Development TBD Merlin Dr. $425,625 Commercial Residential Residential Kuna, Idaho Eagle, Idaho Twin Falls, Idaho Land size: 40 acres 106 lots sold Land size: 9.67 acres Median New Construction Home Price (Canyon County): $321,995

Idaho LAND BROKERAGE Data provided by Alliance Title 755 W FRONT ST. STE 300 | BOISE, ID | 208 345 9000 | COLLIERS.COM/IDAHO

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