Boise, Idaho, real estate prices surge for first time in a year

Boise, Idaho (Reuters) – The average price of a single-family home in Boise, the state capital, rose 3.7 percent in January, the lowest monthly gain in nearly two years, according to the U.S. Census Bureau.

Boise’s median home price increased 6.3 percent in 2017, the second consecutive month of annual increases, according the bureau.

It was the lowest since January 2018, according a Reuters review of data from the National Association of Realtors.

Boislatera, Idaho’s most populous city, saw the fastest-rising price index of any U.s. metro area, jumping 8.3 points, or 10.4 percent, to $2.1 million.

Boulder, Colorado, with a population of roughly 12 million, had the slowest rise, at 0.4 points, with its median home selling for $2,788, according data from Zillow, a real estate research firm.

In Boise, a popular ski destination with more than 1,100 homes and a resort town with a major casino, the median home is valued at $1.1 billion.

The median home in Seattle, Washington, is valued $1,200 million, according Zillows data.

In both places, the price growth was the slowEST since the early 2000s.

A typical home in both places sells for $1 million, or more than half the median house price in Boise.

The average home in Denver, the nation’s second-most-populous metro, is worth about $3.2 million, the Census Bureau said.

The median price of single- and double-family homes in Denver rose to $1 and $1 to $9,917, respectively, from $1-2 and $2-3, according in a Jan. 6 report by the Denver-based Denver-Century Partners.

In Boislateras case, the market is still growing, with the median price for a single family home increasing 11.2 percent in 2018 from a year earlier, to reach $2 million.