Around Southwestern Idaho: Economic activity, November 2024

Jan Roeser, regional economist
Idaho Department of Labor
(208) 696-2172
Median price sold20242023Change
Ada$540,000$539,9000.0%
Adams$499,000$553,100-9.8%
Boise$485,000$508,000-4.5%
Canyon$413,990$400,0003.5%
Elmore$347,250$340,0002.1%
Gem$410,121$544,388-24.7%
Owyhee$370,000$479,900-22.9%
Payette$403,989$368,14911.2%
Valley$830,000$900,000-7.8%
Washington$325,750$445,000-26.8%
Source: Intermountain Multiple Listing Service
Figure 1b.
Days on market20242023Change
Ada42397.7%
Adams916735.8%
Boise7273-1.4%
Canyon524030.0%
Elmore463627.8%
Gem51486.3%
Owyhee746121.3%
Payette564330.2%
Valley655127.5%
Washington56100-44.0%
Regional average days61568.4%
Source: Intermountain Multiple Listing Service
Figure 1c.
Inventory20242023Change
Ada1,6931,50912.2%
Adams351894.4%
Boise1137061.4%
Canyon1,08587324.3%
Elmore1228740.2%
Gem9295-3.2%
Owyhee36345.9%
Payette1309635.4%
Valley15811142.3%
Washington534226.2%
Regional totals3,5172,93519.8%
Source: Intermountain Multiple Listing Service
Figure 1d.
Total homes sold20242023Change
Ada80555744.5%
Adams990.0%
Boise151225.0%
Canyon45732938.9%
Elmore26254.0%
Gem302236.4%
Owyhee990.0%
Payette382835.7%
Valley2327-14.8%
Washington89-11.1%
SW sold and % change1,4201,02738.3%
Source: Intermountain Multiple Listing Service
Figure 2.
Oct-23Oct-24% change# change
Unique postings9,1999,6965.4%497
Days posted111536.4%4
Number of employers2,3322,312-0.9%-20
Advertised wage$21.23$27.9131.5%$6.68
Share wage advertisements43%52%20.9%9%
Source: Help Wanted Online data via Lightcast
Figure 3.
Top 10 occupations by unique job postings in southwestern IdahoPostings, Oct-24Postings, Oct-23Year over year % change
Retail salespersons2882629.9%
Registered nurses318413-23.0%
Customer service representatives2051945.7%
Computer occupations, all other26117053.5%
Sales representatives, wholesale, manufacturing, except technical and scientific products18213732.8%
Software developers20616822.6%
First-line supervisors of retail sales workers139155-10.3%
Laborers, freight, stock, material movers and hand1171097.3%
Project management specialists1188538.8%
Fast food and counter workers1059312.9%
Source: Help Wanted Online data via Lightcast

Ada County

  • Kuna’s $7.2 million supplemental levy passed the voters’ scrutiny with 59% support. The levy will add $18 per $100,000 in taxable assessed value per year. Source: Idaho Education News
  • Hewett Park updated its playground equipment and ADA-approved pathways through the park. The city of Boise held a ribbon cutting to celebrate the combining of two different playground areas. The addition of updated equipment allows for imaginative play, provides climbing structures, a sensory garden wall and safer bonded rubber surface material. The park benefits 3,364 residents from 1,223 households within a 10-minute walk of the renovated space and equipment. Source: Idaho Press
  • The Boise City Council approved $2.7 million towards repairs of the downtown Union Block building. A mechanism to be reimbursed by the private owner has not been established due to the immediacy of the situation. Source: Idaho Statesman
  • Meta announced its Kuna Data Center is on schedule and set to open in 2025. It is referred to as a mega data center with two buildings that could hold eight football fields in length each. There will be an estimated 700,000 servers housed at the center with an estimated 100 workers. The construction was paused for eight months with the company reevaluating needs — creating a redesign. The center will be using 100% renewable energy while adding 200 megawatts of renewable energy to the state’s grid. A data center needs significant quantities of water to counter the heat permeating from the servers. This led to Meta’s creation of a $100 million Water Treatment Center with a goal of being water positive by 2030, indicating the company will economize its water usage and return more water than is used. The community of Kuna is the recipient of the new water treatment plant, donated by Meta passing on the management and maintenance also. Technology continues at a rapid pace. Company leadership anticipates the data center evolving and looking different, even in five years. Source: Idaho Business Review
  • The State Board of Education approved the expansion of Meridian’s Idaho State University campus. Currently, the Meridian facility has about 1,000 students in graduate programs primarily, with 160 staff and faculty to support the programs. The parcel was purchased about five years ago and in 2023, $5.4 million in funding was appropriated by the Legislature’s permanent building fund. Earlier this year, the city of Meridian annexed and zoned the property and will review the development agreement between the university and the city, allowing the site development to commence. Source: Idaho Statesman
  • Boise State University’s fall enrollment grew by 2% to a record total enrollment of 27,250 students. In-state, degree-seeking undergraduate levels increased by 657 students or 6.5%. The number of new Idaho students increased by more than 51% since 2020. Source: Idaho Education News
  • The city of Boise recently signed up for a new program, provided by Idaho Power, allowing for the purchase of renewable clean energy for the next 20 years. The program is coined ‘Clean Energy Your Way’ with Boise as the first Idaho city to sign on, purchasing solar power from Black Mesa Energy project in Elmore County. The program is available for all Idaho Power customers including residential and business with different plans for each account type. So far, the city has purchased solar power for the Boise Airport and the Lander Street wastewater treatment plant. This move brings the city 25% closer to its goal of full renewable energy by 2030. This occurs without paying a premium for the renewable source except for the first 18 months of the project. Source: Idaho Capital Sun
  • Ada County commissioners awarded a 30-year lease of the former Les Bois horse racing track at Expo Idaho for development of a soccer stadium, with the potential for other sports to utilize the facility. The commissioners, the developers, representatives from the Boise Hawks minor league baseball team and a Garden City leader met after the official vote to discuss potentially replacing the Hawk’s Memorial Stadium with the planned stadium. The possibility of funding it through an urban renewal district is under consideration, but it is early in the plan and design stages. Source: Idaho Statesman

Canyon County

  • The Star Middleton Fire District’s property tax levy failed at the polls. It would have added $2.25 million to its annual budget. The new fire station is under construction and the levy would have supported the labor and equipment, as well as the gear that each firefighter has custom fit. Source: Idaho News 6
  • The Caldwell School District’s patrons passed a two-year, $4.1 million levy that failed at the polls in May. The lack of a levy on the books carried consequences such as staff layoffs, the closure of Lincoln Elementary School, repurposing of two other schools, along with the cancellation of a contract for school resource officers and the implementation of a pay-to-play athletics fee. Much of the budget chopping will be reversed with the voters’ approval by simple majority. Except for this recent period from May to November, Caldwell School District has had a levy for the past 50 years. The solution was better education and outreach regarding the school needs and the impact of the levy. Source: Idaho Press

Elmore County

The city of Glenns Ferry issued a boil order for its tap water, including uses such as drinking, cooking, making ice, washing dishes or brushing teeth. The school district administration recommended parents send their children to school with at least one bottle of water since the school water fountain is turned off. The city’s filtration system is not adequately working, with city personnel working to solve the problem. A sunset date for the boil order has not yet been released. Source: Mountain Home News

Owyhee County

  • Idaho Power was awarded almost $500,000 from the U.S. Department of Energy to provide enhancements at C.J. Strike Reservoir campgrounds. The work will begin next year and is expected to cost between $2 million and $3 million. Improvements include electrical pedestals to camper electrical access and to cut down noise levels, adding electrical charging stations for electrical vehicles in the parks and increasing potable water availability at the campgrounds. Program funding came from the Bipartisan Infrastructure Law. Additionally, the North Park Campground at the reservoir is closed until the end of 2024. The docks are being replaced with ones that will accommodate changes in water levels as the utility requires additional power generation during the peak summer season. Other areas are on the schedule for ramp replacement in 2025. Source: The Owyhee Avalanche
  • Homedale’s 10-year, $9.5 million plant facility levy passed with 63% support. This levy is smaller than the previous levy that fell off at the end of June 2024. Taxpayers are expected to pay less over the future 10-year period. Source: Idaho Education News

Valley County

  • Tamarack Resort in Donnelly announced it is moving forward with its plan to increase the ski resort base triple its current skiable domain of 1,100 acres. It submitted a plan to expand its special use permit with the U.S. Forest Service. A public comment period and then an Environmental Impact Statement must be submitted for approval by the U.S. Forest Service. Meanwhile, the resort acquired an additional 500 acres that allow it to connect with another parcel it owns and develop a mix of residential units for ski-in, ski-out access. Source: Idaho News 6
  • Cascade School Districts two-year, $1.3 million supplemental levy passed with 58% support. Approval of the levy does not change the property tax bill of residents, since the existing levy that fell off June 30, is the same amount. Source: Idaho Education News
  • A housing needs study commissioned by West Central Mountains Economic Development Council was presented at the organization’s 7th Annual Economic Summit. Findings by Agnew Beck, a contracted consulting firm, included:
    • Over the next 10 years, 1,400 homes and apartments are needed in Valley County. Being broken out, it equates to 1,200 new housing units and 200 existing homes needing renovation updates.
    • Most of the demand can be met by developments already approved or proposed.
    • There is an estimated range between 2,000 and 5,000 new residents that could move to the area by 2033.
    • Regionally, over the past five years, home values rose by 83% while rental rates increased by 34% compared to wage growth of 29%. Evidence is shown in the increasing unaffordability pronounced in tourism towns.
    • The study found 67% of all homes in the region are considered vacant. McCall has the highest share of vacant homes at 68%, Donnelly is at 56% and Cascade is at 55%. Vacant is a proxy for vacation homes, second homes or rental homes. Source: The Star-News

Washington County

  • The Weiser River’s Galloway Diversion Dam was restored in quick order once grant funding was identified, grants written and awarded. The 100-year dam had aged and eroded to the degree of a likely failure in the near term. The Weiser River Water District received $124,410 from an Idaho Aging Infrastructure grant awarded by the Idaho Water Resource Board and $150,000 from the Water Quality Program for Agriculture grant given by the Idaho Water and Soil Conservation Commission. The total cost for the job was $383,000, with some matching money making up the difference. The work was completed in one month by the contracting firm of Braun-Jensen Inc. who extended the life of the dam for another 50-100 years. Source: Idaho Capital Sun

Openings

  • Boise In-N-Out opened with less hoopla and shorter lines than its first location’s opening in Meridian earlier this year. Other restaurants in Nampa and Twin Falls are in the design pipeline while a second Meridian location has submitted a pre-application to the city. Source: Idaho Statesman
  • The Franklin Apartments, an affordable housing project bankrolled by the city of Boise and various partners, held a ribbon cutting. There are 205 apartments spread across four buildings. This is the first property to be developed using the Housing Land Trust program which takes city-owned land and leases it to a private company that builds the housing and rents in an affordable structure. Source: KTVB News
  • Marco’s Pizza has opened its fifth Treasure Valley restaurant in Boise, sharing a building with Starbucks. Source: Idaho Statesman
  • Rapido Burrito opened in Boise in a former Gyro Shack location. Source: Idaho Statesman
  • Insomnia Cookies celebrated the Boise opening of its first shop in Idaho near Boise State University. Their cookies are freshly baked and served warm. The cookie shop is hiring part-time workers. Source: Idaho Business Review
  • Wright Physical Therapy opened in Nampa with a grand opening ceremony. This is its sixth Idaho location. Source: Idaho Business Review
  • The Idaho Hispanic Foundation (IHF) held a ribbon cutting at its new resource center housed within the Idaho Hispanic Community Center. Wells Fargo took the opportunity to present a $10,000 check in support of IHF’s business program. IHF was previously located at the recently closed Snake River Elementary. Source: Idaho Press
  • Bar Please! opened in downtown Boise in the former Alchemist coffee shop and cafe. It shares the space with the Thick as Thieves speakeasy. The menu is short but curated for both artisan cocktails and bar snacks. Source: Idaho Statesman

Closures

  • Quik-Wok Restaurant in Meridian closed after 23 years. Two other locations in Boise and Kuna continue operations. Source: Idaho Statesman
  • Squeeze In closed its only Idaho restaurant, located in Eagle. It opened four years ago. Source: Idaho Statesman
  • Tommy’s Italian closed both its Boise and Meridian restaurants after hanging on for a year in Meridian and after five months of opening in Boise. The operator cited low foot traffic and staffing as reasons for the closure. The original restaurant, il Sugo Italian Kitchen, continues to operate in Meridian. Source:  Idaho Statesman
  • Pieology’s restaurant in Kuna closed after less than a year in operation. Pieology has 95 locations nationwide. Source: Idaho Statesman
  • Somewhere Bar, an iconic Garden City nightclub, closed its doors. It is identified by the large rearing stallion on top of the building and was home to the former Ranch Club for about 50 years. A reason for the closure was not provided, while the Facebook post regarding the closure declared “we have been loud, proud and courageous. That’s not going to change.” Source: Idaho Statesman
  • Zeeks Pizza closed its Eagle full-service restaurant after 18 months. The Washington-based company tapped Eagle as its first out-of-state venture. The closure will leave 25 restaurants, both corporate and franchise, operating in Washington. Source: Idaho Statesman

Groundbreakings

  • The city of Marsing broke ground on the Owyhee County Fitness Court. The ground was donated by the Marsing School District and is adjacent to its offices. The cost is expected to range between $180,000 to $200,000, with exercise stations designed for all age groups. Donations have reached $129,000 and came from the local governments of Marsing and Owyhee County, along with community members and businesses. Another $50,000 to $70,000 is needed to achieve full funding. Source: The Owyhee Avalanche
  • The YMCA broke ground on its new facility across the street from its original downtown Boise location. The new three-story building is projected to cost $80 million and will include a child care center, an indoor track, an indoor play space, a teenage hangout area, a Blue Cross of Idaho health center and a ninja course — in addition to its studio space, gym, swimming pool complex and administrative space. Its opening is scheduled for the fall of 2026 and the capital campaign has its last $5 million to raise in addition to its $35 million in charitable donations and $40 million in financing. Source: Idaho Statesman


This Idaho Department of Labor project is funded by the U.S. Department of Labor for SFY25 as part of the Workforce Information grant (40%) and state/nonfederal funds (60%) totaling $885,703.

This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The U.S. Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner.

Around Southwestern Idaho: Economic activity, October 2024

Jan Roeser, regional economist
Idaho Department of Labor
(208) 696-2172
Region labor market information

Southwestern Idaho’s single-family home sales – September 2023 and 2024

Median price sold20242023Change
Ada$534,900$539,900-0.9%
Adams$575,000$425,00035.3%
Boise$545,000$510,0006.9%
Canyon$423,896$415,4952.0%
Elmore$387,990$345,00012.5%
Gem$414,269$435,000-4.8%
Owyhee$386,000$350,00010.3%
Payette$449,975$359,90025.0%
Valley$625,000$735,000-15.0%
Washington$294,288$348,000-15.4%
Source: Intermountain Multiple Listing Service
Days on market20242023Change
Ada433522.9%
Adams2931-6.5%
Boise574042.5%
Canyon523357.6%
Elmore3036-16.7%
Gem4775-37.3%
Owyhee10747127.7%
Payette7031125.8%
Valley50476.4%
Washington4146-10.9%
Regional average days534224.9%
Source: Intermountain Multiple Listing Service
Inventory20242023Change
Ada1,7291,56310.6%
Adams382740.7%
Boise1278844.3%
Canyon1,11884532.3%
Elmore1138532.9%
Gem1079710.3%
Owyhee383315.2%
Payette14410142.6%
Valley17714224.6%
Washington484020.0%
Regional totals3,6393,02120.5%
Source: Intermountain Multiple Listing Service
Total homes sold20242023Change
Ada71658223.0%
Adams59-44.4%
Boise1519-21.1%
Canyon4224063.9%
Elmore332913.8%
Gem382181.0%
Owyhee135160.0%
Payette3235-8.6%
Valley312714.8%
Washington177142.9%
SW sold and % change1,3221,14016.0%
Source: Intermountain Multiple Listing Service
Figure 2. Southwestern Idaho job postings
Sep-23Sep-24% change# change
Unique postings10,1749,554-6.1%-620
Days posted101330.0%3
# of employers2,8132,587-8.0%-226
Advertised wage$21.72$26.0319.8%$4.31
Share with wage advertisements42%51%21.4%9%
Source: Help Wanted Online data via Lightcast
Figure 3.
Top 10 occupations by unique job postings in southwestern IdahoPostings, Sep-24Postings, Sep-23Year over year % change
Retail salespersons296335-11.6%
Registered nurses264422-37.4%
Customer service representatives204220-7.3%
Computer occupations, all other208210-1.0%
Sales representatives, wholesale and manufacturing, except technical and scientific products18516015.6%
Software developers17915813.3%
First-line supervisors of retail sales workers1741646.1%
Laborers, freight, stock, material movers and hand113144-21.5%
Project management specialists1349541.1%
Fast food and counter workers1349836.7%
Source: Help Wanted Online data via Lightcast
Ada County
  • The University of Idaho opened a new research and outreach program funded by the U.S. Department of Agriculture’s National Institute of Food and Agriculture. The Western Rural Development Center (WRDC), originally affiliated with Utah State University, was started through Congress’ passage of the Rural Development Act of 1972 and began operation under the University of Idaho in September. The center’s goal is to link public universities’ science-based research and educational outreach with communities, local decision-makers, entrepreneurs, families, farmers and ranchers to address challenges in rural areas. The program’s director is located at the university’s Boise offices in the Idaho Water Center. The WRDC collaborates with land-grant institutions across 13 western states, American Samoa, Guam, Micronesia and Northern Marianas. There are three other centers located across the nation including the Northeast Regional Center for Rural Development at Penn State University, the Southern Rural Development Center at Mississippi State University and the North Central Regional Center for Rural Development at Purdue University. Source: Emmett Messenger Index
  • The Valley Fire started in the southeastern foothills of Boise, spreading to Boise County, threatening its subdivisions and cabins. However, no structures were burned — mainly extremely dry grasses and scrub brush on adjacent foothills. East Jr. High School and Riverstone International School closed for the day, anticipating a potential risk of smoke while first responders closed the main thoroughfare approaching the schools. The fire is currently 90% contained after burning 9,900 acres for two weeks (15 update) and has about 200 firefighters actively working on containment. It has been determined by the Idaho Department of Lands that a power pole cross arm organically broke allowing a live wire to spark the dry grasses. It has not been determined whether Idaho Power will be held financially responsible for the associated costs. Source: Idaho Capital Sun
  • Ada County Commissioners granted a variance to the Idaho Shakespeare Festival staff to improve its upper seating area. The plays will no longer offer hillside seating, but rather a tiered seating on the slopped hillside area with concrete paths, as well as structures to shield the sun from actors’ eyes. Additional Americans with Disabilities Act approved seating will also be added during the renovation. Source: Idaho Statesman
  • Trustees at Boise, Kuna and West Ada School Districts approved the cancelation of classes on election day, Nov. 5. Boise School District’s special session was addressing school security issues when the safety of both students and voters arose. Kuna School District anticipates high voter participation, making the logistics more challenging. Voting precincts are located at public schools throughout the Treasure Valley. This is the first time school districts have directed parents to keep students at home on election day. Source: Idaho News 6, Idaho Education News
Canyon County
  • Lake Lowell is abloom with cyanobacteria from which toxins can harm, or in some cases kill, people, pets and livestock. This is a natural and seasonal occurrence in the late summer and fall across Idaho’s reservoirs. It impacts recreation as fish can carry the toxins in its fat, skin and internal organs. Swimming and water skiing should be avoided, as drinking or any other type of contact with the water can generate symptoms. Source: Idaho Capital Sun
  • Marlay Partners LLC. purchased one of the three buildings comprising the Madison Logistics Center in Nampa. The 115,008 square-foot building was sold for $21 million and is fully leased to UTZ Quality Foods and Carroll’s. The other two buildings were completed in January 2023 on a 20-acre site and remain listed for sale. Source: Idaho Business Review
Elmore County
  • Ground was broken by state officials, the U.S. Army Corps of Engineers and leadership at the Mountain Home Air Force Base (MHAFB) on a new water treatment facility. The 28,000 square foot treatment plant will provide a dedicated water source for airman and officers living and working at MHAFB. The base was built 81 years ago, drawing water from the Mountain Home Plateau Aquifer; however, water levels have declined over the years. Source: Mountain Home Air Force Base
Gem County
  • Valor Health broke ground on a new urgent care facility for Emmett, particularly accessible for those residents living outside city limits. It has been in the works since 2017 and upon completion, will be called Valor Health Center. The site is in a business park on state highway 16 that includes the Emmett District of the Boise National Forest, the U.S. Department of Agriculture (USDA) regional offices, a new Grocery Outlet, currently under construction, and the Payette River Technical Academy (PR2TA), an alternative career technical education campus distinct from Emmett High. Primary care will continue at the existing Valor Health campus with enhanced capacity for myriad services at both locations. Source: Idaho Press
Valley County
  • The Ponderosa Center is a facility concept that would fill the final parcel of undeveloped ground between McCall’s marina and Hotel McCall. The space could be used for performances and community gathering events. It would be large enough to accommodate 400 people. The stage and seating will be retractable transforming into a conference area with tables or booths. The McCall Chamber of Commerce plans to be a tenant, bringing its visitor’s center in tow. Another partnership is the McCall Ski Heritage Foundation which has a rich history in the area. The land is currently just a vacant gravel lot. The capital campaign is underway with the eventual goal of $25 million. The first year of the campaign has a  goal of  $5 million. The hope is that the project can break ground by 2026. Source: Boise State Public Radio
Openings
  • Amazon hosted a ribbon cutting at its newest facility in Nampa. The facility covers four acres and is designed to complete orders in a fast turnaround, claiming it is possible to receive a package within a couple hours of ordering. The facility is designed to process 20,000 orders daily. Operations are staffed by 400 workers with room for future hiring of warehouse workers and robotic programmers and maintenance. At the ribbon cutting, Amazon presented a $4,000 check to DonorsChoose, a nonprofit that provides funding for classroom projects in Idaho schools. Over the last 10 years, Amazon reported spending over $2 billion in Idaho while creating 4,000 jobs. The facility’s automation not only heightens efficiency, but it also ensures workers generally experience less injuries on the job. Source: Idaho Press
  • A new sandwich shop opened in Boise offering a variety of sandwiches and salads. It is in the former Valere Spa space. Source: Idaho Statesman
  • Blaze Pizza will open its second Meridian restaurant with three others throughout the Treasure Valley. The franchise chain has more than 300 locations nationally offering unlimited fresh topping on its custom pizzas. Source: Idaho Statesman
  • Power Engineers was purchased by WSP Global headquartered in Montreal, Canada. The company has more than 500 employees working in Boise, although it is based out of Hailey. The company has been employee owned since 1998 and all 900 employee shareholders approved the $1.78 billion deal. Power has about 4,000 employees spread across the 50 offices in North America with 680 in Idaho. The acquisition is not expected to cause any layoffs, and the company will continue to operate under the Power Engineer branding, for the time being. Source: Idaho Statesman
  • Care House Partnerships has moved into its newly constructed, 4,500 square foot food bank located in the Nampa First Church of the Nazarene’s parking lot. The nonprofit organization serves about 300 households, which equates to feeding more than 1,200 people. Source: KTVB News
  • El Tesoro’s Tortas and Tacos opened in the former Senor Fresh Mexican Eatery. It had operated for 29 years in the same Boise location, closing with the owner’s retirement. Source: Idaho Statesman
  • The Phillip E. Batt Education Building, a 6,000 square foot two-story building, was completed with a formal unveiling hosted by the Wassmuth Center for Human Rights. The Wassmuth Center was founded in northern Idaho in 1996. In 2002, the Anne Frank Memorial opened to the public, establishing the Boise campus which was expanded to include this new $6.5 million building. It is named after Idaho’s governor from 1995-1999, who was known for his advocacy efforts on behalf of farmworkers and the LGBTQ community. Source: Idaho Press
Closures
  • Chicago Connection in Eagle closed, with remaining locations open in Nampa, Meridian and Boise. Source: Idaho Statesman
  • House of Western announced its closure citing a lack of business. The restaurant opened in 2021 as Western Proper and just last summer split its 10,500 square foot space into three concepts: fine dining, bistro and bar, and the back space housed a mini-bowling and arcade games area with a sports pub menu. Prior to 2021, Spaghetti Factory was a tenant for nine years. Its brewery, Western Collective, in Garden City is thriving and will continue operations. Source: Idaho Statesman
  • Bistro d’Helene, a French restaurant located in Boise’s North End closed its doors after operating for about a year. Its sister restaurant, Apericena, in Hyde Park also closed after two years. Source: Idaho Statesman

This Idaho Department of Labor project is funded by the U.S. Department of Labor for SFY25 as part of the Workforce Information grant (40%) and state/nonfederal funds (60%) totaling $885,703.

This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The U.S. Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner.

Around Southwestern Idaho: Economic activity, September 2024

Jan Roeser, regional economist
Idaho Department of Labor
(208) 696-2172

Region

Southwestern Idaho’s single-family home sales – August 2023 and 2024

Median price sold20242023Change
Ada$536,655$520,0003.2%
Adams$371,000$459,999-19.3%
Boise$390,000$440,000-11.4%
Canyon$410,384$405,0001.3%
Elmore$379,990$330,00015.1%
Gem$456,750$519,000-12.0%
Owyhee$390,000$363,0007.4%
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 market20242023Change
Ada393414.7%
Adams1228052.5%
Boise735435.2%
Canyon503256.3%
Elmore733987.2%
Gem4062-35.5%
Owyhee513930.8%
Payette4160-31.7%
Valley6267-7.5%
Washington684454.5%
Regional average days625121.1%
Source: Intermountain Multiple Listing Service
Continue reading

Around Southwestern Idaho: Economic activity, August 2024

Jan Roeser, regional economist
Idaho Department of Labor
(208) 696-2172

Region

Figure 1a.
Median price sold20242023Change
Ada$545,000$542,4500.5%
Adams$640,000$825,000-22.4%
Boise$510,000$712,500-28.4%
Canyon$424,900$404,9904.9%
Elmore$373,995$355,0005.4%
Gem$456,750$519,000-12.0%
Owyhee$392,450$475,000-17.4%
Payette$383,000$387,000-1.0%
Valley$770,000$721,5006.7%
Washington$314,500$318,540-1.3%
    
Source: Intermountain Multiple Listing Service
Figure 1b.
Days on market20242023Change
Ada36339.1%
Adams10038163.2%
Boise4152-21.2%
Canyon46429.5%
Elmore413517.1%
Gem4062-35.5%
Owyhee4283-49.4%
Payette4466-33.3%
Valley564233.3%
Washington4070-42.9%
Regional average days4952-7.1%
Source: Intermountain Multiple Listing Service

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