Around Southwestern Idaho: Economic activity, September 2024
Region
Southwestern Idaho’s single-family home sales – August 2023 and 2024
Median price sold | 2024 | 2023 | Change |
---|---|---|---|
Ada | $536,655 | $520,000 | 3.2% |
Adams | $371,000 | $459,999 | -19.3% |
Boise | $390,000 | $440,000 | -11.4% |
Canyon | $410,384 | $405,000 | 1.3% |
Elmore | $379,990 | $330,000 | 15.1% |
Gem | $456,750 | $519,000 | -12.0% |
Owyhee | $390,000 | $363,000 | 7.4% |
Payette | $360,000 | $365,164 | -1.4% |
Valley | $632,500 | $730,000 | -13.4% |
Washington | $334,489 | $359,000 | -6.8% |
Source: Intermountain Multiple Listing Service |
Days on market | 2024 | 2023 | Change |
---|---|---|---|
Ada | 39 | 34 | 14.7% |
Adams | 122 | 80 | 52.5% |
Boise | 73 | 54 | 35.2% |
Canyon | 50 | 32 | 56.3% |
Elmore | 73 | 39 | 87.2% |
Gem | 40 | 62 | -35.5% |
Owyhee | 51 | 39 | 30.8% |
Payette | 41 | 60 | -31.7% |
Valley | 62 | 67 | -7.5% |
Washington | 68 | 44 | 54.5% |
Regional average days | 62 | 51 | 21.1% |
Source: Intermountain Multiple Listing Service |
Inventory | 2024 | 2023 | Change |
---|---|---|---|
Ada | 1,837 | 1,529 | 20.1% |
Adams | 44 | 30 | 46.7% |
Boise | 130 | 97 | 34.0% |
Canyon | 1,138 | 808 | 40.8% |
Elmore | 113 | 78 | 44.9% |
Gem | 106 | 92 | 15.2% |
Owyhee | 39 | 36 | 8.3% |
Payette | 153 | 97 | 57.7% |
Valley | 186 | 144 | 29.2% |
Washington | 49 | 36 | 36.1% |
Regional totals | 3,795 | 2,947 | 28.8% |
Source: Intermountain Multiple Listing Service |
Total homes sold 2024 2023 Change
Ada 724 681 6.3%
Adams 5 6 -16.7%
Boise 11 17 -35.3%
Canyon 408 438 -6.8%
Elmore 35 43 -18.6%
Gem 22 23 -4.3%
Owyhee 13 8 62.5%
Payette 39 34 14.7%
Valley 62 67 -7.5%
Washington 12 17 -29.4%
Southwestern sold and % change 1,331 1,334 -0.2%
Source: Intermountain Multiple Listing Service
Aug-23 | Aug-24 | % ch. | # ch. | |
---|---|---|---|---|
Unique postings | 11,748 | 9,710 | -17.3% | -2,038 |
Days posted | 14 | 14 | 0.0% | 0 |
# of employers | 2,596 | 2,450 | -5.6% | -146 |
Advertised wage | $22.46 | $27.02 | 20.3% | $4.56 |
Share wage advertisements | 42% | 53% | 26.2% | 11% |
Source: Help Wanted Online data via Lightcast |
Top 10 occupations by unique job postings in southwestern Idaho, August 2024 | Postings, Aug-24 | Postings, Aug-23 | YOY % change |
---|---|---|---|
Retail salespersons | 273 | 277 | -1.4% |
Registered nurses | 281 | 527 | -46.7% |
Customer service representatives | 185 | 250 | -26.0% |
Computer occupations and all other | 216 | 272 | -20.6% |
Sales representatives, wholesale and manufacturing, except technical and scientific products | 183 | 178 | 2.8% |
Software developers | 212 | 240 | -11.7% |
First-line supervisors of retail sales workers | 174 | 185 | -5.9% |
Laborers, freight, stock, material movers and hand | 97 | 136 | -28.7% |
Project management specialists | 129 | 144 | -10.4% |
Fast food and counter workers | 95 | 114 | -16.7% |
Source: Help Wanted Online data via Lightcast |
Irrigation infrastructure grants
The Idaho Water Resource Board awarded $12.4 million in grants to 23 entities across the state tasked with improving aging infrastructure. The awards can cover up to a third of the cost with the organization and its members meeting the residual cost. Those southwestern organizations and their award amounts are listed in the table below:
Organization | Fund use | Grant funds |
---|---|---|
Nampa and Meridian Irrigation District | Replace spillway. | $109,185.38 |
Riverside Irrigation District, Parma | Stabilize and regrade slope to canal. | $524,081.25 |
Boise Valley Irrigation Ditch Company | Piping an open canal. | $105,811 |
Water District 65, Payette | Install measurement technology. | $63,301.26 |
Settler’s Irrigation District, Boise | Replace headworks and install automation equipment. | $93,135.24 |
Davis Water Users, north Boise | Replace pipe. | $12,375 |
Source: Capital Press |
Region News
Ada County
- The new CapEd Downtown Boise YMCA reported another large donation to its planned campus. The Kissler Family who have owned Norco since 1968 have committed $2 million to fund the Kissler Family Early Education Center to be built next to the YMCA. The early child learning center will provide spots for 123 children, doubling the current capacity of its existing childcare. Source: KTVB News
- Kuna voters must determine the fate of a two-year $3.6 million supplemental levy on the November ballot. If passed, the funding will maintain 37 teachers, provide for six additional teachers and replace some books and technology. The city has grown rapidly over the last decade. The cost for the supplemental levy pencils out at $65.48 per 100,000 of taxable assessed value. Source: Idaho News 6
Boise County
- The Idaho Transportation Board approved $2 million to fund emergency repairs along the Highway 21 corridor between Lowman and Stanley. Pavement and guardrails were either severely damaged or destroyed by the Wapiti Fire that closed the two -lane highway for several weeks. It burned about 125,000 acres in central Idaho and is not fully contained yet. It is unclear whether the repairs can be completed before snow falls. It is the only road open to access Stanley in the winter. Source: Boise State Public Radio
Canyon County
- Nampa Police Department invested in traffic cameras around the city running 24/7 and costing about $6.1 million. The system stores videos for 14 days and the data from license plate readers is stored for 60 days. The system alerts officers to issues that may warrant their presence, allowing them earlier arrivals than if they waited for a call into dispatch. The public can request access by completing a public records request. The hope is that the recorded footage will help close cases, check traffic patterns and timing of lights, in addition to solving cases faster. Source: KTVB News
- The city of Caldwell’s council voted to remove the parking meters that were added to downtown last May. The meters will be bagged so the public is not confused whether to pay. There will be signage on meters as well. The public backlash that accompanied the meters was based on lost business revenue, pedestrian safety and user accessibility. Source: Idaho Press
Valley County
- Perpetua Mining announced its Stibnite Gold Project is a go after receiving word from the U.S. Forest Service. The final Environmental Impact Statement was approved by the federal agency allowing the project to commence. It is estimated there is 4.8 million ounces of gold reserves in the mine at Yellow Pine, along with 148 million pounds of antimony. Antimony is mixed with other metals to create alloys used in batteries and semi-conductor chips — all important components of technological advances. China owns nearly half of all globally mined antimony and recently announced it will restrict exports starting Sept. 15. This makes the antimony found in the Stibnite mine even more critical to the U.S. and its economic standing. For environmental reasons, several communities and the Nez Perce tribe have been vocal in opposing the reopening of the mine. Source: CBS2 News
Openings
- A new charter school opened in Avimor sub-division, part of a recently annexed development into the city of Eagle. Idaho Novus Classical Academy is educating 378 students this first year in grades kindergarten through sixth grade. About 70 students live in the Avimor subdivision while another 300 hail from all ends of the Treasure Valley. The school plans to add an additional grade each year until they reach their goal of K-12. Source: Idaho Education News
- The Wilder School District hosted a ribbon cutting to celebrate its new agricultural building. The district received a grant from the Idaho Career Ready Students Program and will house career technical education classroom and equipment for middle and high school students. Programs include welding, agriculture, plumbing, animal science, horticulture and woodworking. Source: Idaho Education News
Groundbreakings
- Clarity Credit Union held a groundbreaking ceremony in Homedale to kickstart construction on its planned 7,500 square foot building. The building will be completed in a year, offering a community room for groups and a garage for MOBI, a full-service banking RV. The concept is for MOBI to travel within a 30-mile radius providing bank services to rural customers. Source: The Owyhee Avalanche
Closures
- Big City Coffee & Café closed its downtown location after 24 years. The company had been embroiled in a lawsuit with Boise State University, which it won. The operator posted that Big City is not gone forever. Source: Idaho Statesman
- Kahootz Steak & Alehouse closed unexpectedly. Its shuttering was accompanied by a retooling explanation and no indication of its timeline for closure. Source: Idaho Statesman
- Huck House Brunchette closed after three years of operation. Two other locations will continue operations — one in McCall and the other in Boise. Source: Idaho Statesman
This Idaho Department of Labor project is funded by the U.S. Department of Labor for SFY24 as part of the Workforce Information grant (48%) and state/nonfederal (52%) totaling $704,259.
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