Idaho has had the largest percentage increase in population of any state in the nation, according to the most recent US census, and is expected to grow 3 times faster than the national average. Because of this surge, new homes and commercial construction can be found throughout the Greater Treasure Valley Area due to the increased demand. The technology industry is taking notice of the affordability of the Boise market and, as a result, major companies are starting to relocate to the area, including HP, Micron, Cradlepoint, Tsheets and Microsoft.
The median home value in Boise is $231,100, increasing 12.7% over the past year, Sales of existing single family homes have increased for each of the last four years and are currently averaging 935 per month. Only 1,425 new and existing houses were for sale in Ada County – the lowest since at least 2004, according to Boise Regional Realtors. Inventory of existing homes was a record low of 537. Homes spent an average of 32 days on the market before going under contract, 23.8% faster than in September of last year.
Randall Barnes – Eagle, ID
After serving in the Military Police for the US Army and completing a double major in Real Estate and Marketing, Randall Barnes found himself leaning further into the valuations industry. After becoming a regional manager for a major bank in the appraisal department with a staff of over 100 appraisers, he soon found himself enjoying the freedom of experiencing new locales and meeting new people daily. For his entire 35 year career, Randall has thrived by taking on difficult assignments, from historical homes and lakefront properties to luxury estates. A believer in the power of communication to build lasting relationships, Randall continues his storied career in Idaho with Treasure Valley Appraisal Services.