Home Builders in Idaho Should Know These Stats - New Construction Sales
Builders Must Watch Trends to Survive:
New home builders in Idaho need to focus on more than just their bottom line. Watching the Sold Market and tracking trends should be a priority. Home builders of Idaho who don’t plan their future building jobs could lose their credit and hard earned equity. As an Idaho Real Estate Professional, I specialize in helping Idaho home builders and Idaho custom home builders to make informed investment decisions.
New Construction Home Sales in Ada County February 2008
| Price Range | Total Current Active Listings | Sold in Last 30 Days | Ratio of Sold/Active | Average Days on Market of Sold Homes |
| $120,000- $159,999 | 76 | 13 | 17.1% | 40 |
| $160,000- $199,999 | 174 | 27 | 15.5% | 77 |
| $200,000- $249,999 | 300 | 24 | 8.0% | 64 |
| $250,000- $299,999 | 231 | 10 | 4.3% | 99 |
| $300,000- $399,999 | 296 | 12 | 4.0% | 89 |
| $400,000- $499,999 | 136 | 5 | 3.6% | 146 |
| $500,000- $599,999 | 56 | 6 | 10.7% | 49 |
| $600,000- $699,999 | 41 | 5 | 12.1% | 117 |
| $1,000,000 & Up | 50 | 0 | 0% | 0 |
What does this chart tell you?
Selling Like Hot Cakes:
Take a look at the Ratio’s of Sold to Active and see what percent of homes are actually selling in each price range. The bulk of Idaho New Construction buyers are in the $120,000-$250,000 range (550 Active Listings). Even more surprising are the sales for
Homes moving Slowly:
The majority of
It’s extremely important for an Idaho builder to partner with the best Idaho Real Estate Team who will give them a competitive advantage to not only survive but thrive in any real estate market!
Tags: Ada County New Construction, Home Builders of Idaho, Idaho Custom Home Builders, Idaho Home Builders, Idaho New Construction, Idaho Real Estate Team, New Home Builders in Idaho