IDAHO LAND REPORT 2 0 2 0 Counties included: Ada, Canyon, Bannock, Bonneville, Bingham, Cassia, Jerome & Twin Falls Insights » There are 2,058 homes currently for sale across Idaho. The median Current Commercial Land Listings list price per square foot in Idaho is Average prices per acre by region $173. The median price of homes currently listed in Idaho is $334,895 according to Zillow. $650,000 » Eastern Idaho currently has the $600,000 most commercial acres available $550,000 with 4,637 acres listed for sale and Ada County following close behind $500,000 at 3,399 acres for sale. $450,000 MARKET AVERAGE » PRICE $311,848 Ada County currently has the most residential acres available $400,000 with 2,811 acres listed for sale and $350,000 Canyon County following close behind at 2,269 acres for sale. $300,000 $250,000 Hot Spots $200,000 » Eagle View Landing, located at $150,000 Overland Road and Eagle Road 466 in Meridian, is a new multi-use $100,000 ,325 9, development anchored by Idaho $50,000 Central Credit Union and Americor along with many retailers. This 52- $224,345 $296,257 $52 0 $197 acre project boasts some of the best freeway visibility in the valley. CANYON EASTERN IDAHO SOUTHERN IDAHO ADA » Jackson Hole Junction, located in Idaho Falls, is a new development currently under construction on nearly 42-acres of prime land. It will accommodate retail, entertainment, DEMAND SUPPLY PRICES hospitality, banking, fast food, sit down dining, fuel, medical and professional offices. Currently Listed Land Zoning Acres QUARTERLY RESIDENTIAL COMMERCIAL FORECAST 2,811 » Saint Alphonsus has plans to build a Ada County 3,399 3,180 45,000 SF – 50,000 SF outpatient 2,269 clinic in Caldwell on 18+ acres of land. Canyon County 3,046 Construction of the facility is set to be completed in 2022. 1,701 Eastern Idaho 4,637 1,691 Southern Idaho 499 0 1,000 2,000 3,000 4,000 5,000 New Construction Permit Values » Overall, both the demand and prices 2020 year to date of land have increased while supply Building Permits remains the same compared to prior COMMERCIAL quarter. Boise real estate investing $140,741,955 Q1 2020 Permits Value will remain attractive for the Ada County 843 $242,286,533 foreseeable future. Canyon County 371 $80,244,845 RESIDENTIAL Eastern Idaho 109 $23,208,647 $224,213,270 Boise, Idaho was listed #1 by Southern Idaho 66 $20,062,323 Buildium on the Top 50 Up-and- Coming Real Estate Markets to watch in 2020 CONTACT Highlighted Transactions SOLD SOLD SOLD Median home price (Boise): Saint Alphonsus Legacy Development American Legion Blvd $329,169 Commercial Residential Commercial Caldwell, Idaho Eagle, Idaho Mountain Home, Idaho Home price change (Boise): Land size: 18.26 acres 88 lots sold Land size: 157 acres Increased $34,169 since prior quarter Predicted to rise (Boise): 5.6% in 2020 Idaho LAND BROKERAGE 755 W FRONT ST. STE 300 | BOISE, ID | 208 345 9000 | COLLIERS.COM/IDAHO Copyright © 2020 Colliers International. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report..