Why Valley County, ID Continues to Experience Rising Home Prices

  • Tamarack Realty
  • 04/20/22
As a current or potential resident of Valley County, Idaho, you might be wondering why housing costs seem to keep rising. It’s a good question and one that should be answered with statistics and an awareness of the many Idaho activities and companies that create a place where so many want to spend time.
 
It’s also worth being aware that most of the United States are dealing with rising home prices and fewer listings than usual. In some cities, prices have gone up as much as 30% in recent months, leading some to say we’re in a housing bubble.
 
On a more local level, there are reasons that McCall and Valley County real estate is reaching new highs.
 

Statistics Around Valley County Real Estate

According to BoiseDev, real estate prices across Valley County have climbed from 2020 to 2021. Over the 12 months of 2020, the median home price is set at $480,000. Moving into 2020, the price went all the way up to $675,000, which is an increase of more than 40%. That’s a large increase in the growth rate compared to other years in the recent past.
 
When looking at median prices, this refers to the point in the middle of all sales that were made. So about half of the homes sold were less than this and half were higher. Looking back further, in 2016, homes sold for around $300,000, while the number climbed to $400,000 by 2018.
 
It had surpassed $400,000 in 2019 and settled just below $500,000 the next year. The price point at $675,000 is a large change from the movements in the other years, and one that people should be aware of.
 
In addition, homes were on the market for a much shorter period of time in 2021. Someone selling a home might expect it to take 67 days in 2020, while that was slashed to 36 days in the following year. However, most housing statistics rose, not just in Valley County.
 
The exception is in the number of houses that are sold each year. Looking at Valley County real estate again, 298 homes were sold in 2020 but that dropped to 246 in 2021, which is a decrease of more than 17%.
 
This might seem confusing but you have to obtain all the information. The existing homes sold in 2020 numbered 278, while the number dropped to 232 in 2021. Twenty new homes were sold in 2020 and 14 in 2021.
 

Looking at McCall Real Estate Statistics

Looking at McCall alone, home prices rose from 2020 to 2021. The median price in the earlier year was set at $525,000, while that increased to $780,777 in 2021. That makes for an increase of 48% between the two periods. This is a huge difference that can look strange on paper until you think about the pandemic travelers who wanted to go somewhere new and exciting.
 
As with Valley County, fewer homes were sold in 2021 in McCall than in 2020. A total of 143 were sold in 2020 with the number falling to 117 in 2021.
 
This can be compared to the price of homes in areas nearby, like Cascade. For 2021, Cascade’s median home sales price was $447,500, which is more than $325,000 less than McCall.
 

The Reasons Behind Rising Prices

Some people wouldn’t think about Idaho when it comes to skiing, sports, and other activities. However, those who have Tamarack Resort real estate (or know those who do) realize that this is a little bit of paradise that is well worth paying money for. Unlike traditional ski and snowboard locations, it’s uncrowded, quiet, and offers consistent snow.
 
When it comes to activities and attractions in Valley County, Tamarack Resort offers it all. It’s about 90 miles outside of Boise and has more than 5,000 acres of land, including 3,500 acres of gorgeous forest teeming with conifers and tamaracks. Over 2,000 acres are dedicated to winter sports terrain and an 18-hole Robert Trent Jones Jr-designed golf course meets Idaho sports enthusiasts' needs.
 
Tamarack has about 200,000 resort visitors every year, many from other areas of the state. However, there are also a variety of homeowners in the area who come from California and other states. One of the main reasons so many heads to Tamarack is all the Idaho activities that are available within a short walk or drive.
 
There are few places where you can go snowboarding and skiing, head on a mountain bike trail, take guided fishing expeditions, and hike off into the natural beauty of Idaho. Pickleball courts, disk golf courses, and terrain parks are other options. All those things and more are easily accessible from Tamarack Resort real estate.
 
Many people are willing to pay for all the amenities and activities they could want. Looking at Tamarack Resort's real estate prices proves that. It also may play a part in the rising prices of the area. For instance, the least expensive home sold was $450,000 while the highest was over $5,000,000. The range of options is astounding and includes everything a discerning buyer could want.
 

Final Thoughts

There are a variety of reasons that Valley County real estate is on an uptick, not least of which is because the entire country is experiencing the same thing. However, it also has to do with many people who have a demand for Idaho skiing and want luxury homes to spend time in. Tamarack Resort real estate offers top amenities, activities, and access to cities like Boise.
 
If you’re interested in McCall real estate, there are many types of homes to choose from. Choose from estate homes, chalets, townhouses, cottages, or condos in great locations. Custom homes are also available on buildable lots. Vetted builders are available or you can bring in your own depending on your preferences.
 
Get in touch with Tamarack Resort real estate through our website. You can also email us at RealEstate@TamarackIdaho.com or call 208-325-1001. Learn more about all our available homes and the attractions and amenities you can take advantage of.
 

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