Yep – that’s right!  If you have been watching or reading the news you are likely thinking I have lost my mind.  The media often forgets to mention local stats on residential real estate and only regurgitates the same national stories over and over again.  Always stressing the worst possible news, this is often thousands of miles away.  The good news is that the total number of homes sold in Ada County in 2007 will be the 5th best ever in this County with well over 6,500 home sales.   Ada County includes the cities of Boise, Eagle, Meridian, Garden City and Kuna. 

Also, did you know that Idaho is ranked the 6th highest in appreciation nationwide?  The percent change in house prices in Idaho is up 6.87% (6th in the nation).  Boise is at 4.46% for the year (74th in the nation) and flat for the 3rd QTR at -0.02%. See below (source Office of Federal Housing Enterprise Oversight 11/29/2007)

Fourth Quarter Appreciation By State