Idaho home-sale prices up 11.1 percent over past year

Boise - The Idaho StatesmanMarch 4, 2014 

Single-family homes in Idaho sold for 11.1 percent more in January 2014 than in January 2013, the ninth-highest increase among states, according to a report compiled by industry analytics firm CoreLogic.

Boise single-family home sale values increased by 12.2 percent from the previous January.

Nationally, home values increased 12 percent. Nevada led the nation with a 22.2 percent increase. California was second with a 20.3 percent increase. Those two states skewed the dataset, as only seven states saw higher increases than the national average.

Mississippi, which saw its home value index decrease by 0.3 percent, was the only state with a housing market that lost value.

Arkansas (a 0.1 percent increase), Kentucky (0.3 percent) and New Mexico (0.4 percent) were virtually flat from where they were in 2013.

The news comes as home-building continues to heat up in the Treasure Valley.

In 2012, 1,997 new residential structures were added to the property-tax roll in Ada County, according to the county assessor’s office. That number increased to 2,534 last year, still well below the county’s 2005 peak of 6,491.  

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