2 0 1 9 IDAHO LAND REPORT 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 $75,000 426 ,505 highly sought after by developers 1, $50,000 and national retailers looking to $25,000 expand into the Treasure Valley. $300,345 $32 $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 [email protected] Idaho LAND BROKERAGE 755 W FRONT ST. STE 300 | BOISE, ID | 208 345 9000 | COLLIERS.COM/IDAHO Copyright © 2019 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..