Boise housing price's

[Weldor]

How are the prices up there? Checked a few RE sites, are they accurate?
Thanks

 

[braydencase7]

Expensive man

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[idahodave]

stupid expensive. A “starter” home will cost you a minimum of $400k, and that’s the floor. Just sold my beat-to-hell 1996 cheaply built home of 1,130 sq feet for $460,00.

 

[Ucsdryder]

stupid expensive. A “starter” home will cost you a minimum of $400k, and that’s the floor. Just sold my beat-to-hell 1996 cheaply built home of 1,130 sq feet for $460,00.

I guess it’s all relative based on where you’re coming from.

OP, you’re probably better asking ChatGPT because id be shocked if anybody here says “prices are cheap.” Everything has gone up, so even if it’s cheaper than other places it’s a lot more than it was 10 years ago, thus “expensive.”

You can’t touch a new build on the front range of Colorado for less than 500k. There’s a sign on my way to the gym. New duplexes starting in the 500s. This is not a desirable part of town, borderline undesirable. To me that’s expensive, but ask someone in San Francisco and they’d say that was a steal!

 

[Weldor]

I guess it’s all relative based on where you’re coming from.

OP, you’re probably better asking ChatGPT because id be shocked if anybody here says “prices are cheap.” Everything has gone up, so even if it’s cheaper than other places it’s a lot more than it was 10 years ago, thus “expensive.”

You can’t touch a new build on the front range of Colorado for less than 500k. There’s a sign on my way to the gym. New duplexes starting in the 500s. This is not a desirable part of town, borderline undesirable. To me that’s expensive, but ask someone in San Francisco and they’d say that was a steal!

Yea, I know what you mean. Price's down here are high depending on where you are coming from too. New builds starting at 599,000 to 799,000 and small new stuff 399,00 to start. I am just trying to get a feel for the area, have not been up that way since 92 seemed pretty reasonable then. I know things have changed everywhere.

 

[7mm-08]

We've resided in Boise since 2000. To answer your question, yes, the real estate sites (we watch Realtor.com regularly) are accurate AND housing is expensive (but that depends on your definition of the word). We live in an older, small subdivision about a mile from the capital that probably contains about 35 houses. We'll sometimes go a year or more without any of the houses coming up for sale, but this summer, remarkably, four houses in the neighborhood came up for sale and were sold. Prices ranged from $850,000 (a normal, ranch-style 3/2 on a small corner lot) to $2.5 million for a 2-acre parcel with a 6,000 square foot house. Tough market because desirable properties in Boise proper sell quickly. Alternatives for larger acreage parcels in Kuna and Caldwell still exist.

Feel free to reach out by PM if you have the desire and I'll try to answer your questions.

 

[pacoalcracker]

Thanks to Biden, and now Trump prices are just going to continue to fly higher.....covid, and now tariffs are going to make things unbearable for the younger generations. If you think you aren't paying for those tariffs you better shop for a better brain.

 

[Pescetism]

Just went through Boise this week. Not familiar with the area so it probably wasn't truly Boise but a new addition on the north edge of town had prices list from $800k to $3 million. From the highway none of them looked like the $1 mil + houses I've been to in other places.

 

[pacoalcracker]

you will pay the maximum that the market can bear...its that simple. no rhyme or reason necessary.

 

[IDVortex]

Just went through Boise this week. Not familiar with the area so it probably wasn't truly Boise but a new addition on the north edge of town had prices list from $800k to $3 million. From the highway none of them looked like the $1 mil + houses I've been to in other places.

Thats how it is in N, ID. Prices are high, but the quailty of what youre paying isnt matching.

Unless you step up to luxury style homes.

 

[TheTone]

It’s everywhere across Idaho. Prices are skyrocketing, people that have been here forever are getting horribly squeezed by prices and property taxes. I’d love to upgrade homes but can’t even come close to affording to

 

[JF_Idaho]

While obviously prices are "higher" they are down from 2021. And there's a lot of inventory and it's a buyer's market. If you can bite the bullet for a year or two and stomach the payments on a high APR or pay cash, when rates go down prices are going to surge. Inventory will drop and prices will surge more. It's still a good area for investment.

 

[svivian]

you will pay the maximum that the market can bear...its that simple. no rhyme or reason necessary.

how much is your place up in boise worth?

 

[Hnthrdr]

Hold tight man prices are sliding… reality is, and no offense to boomers but there are not enough people with giant salaries to buy your 400k home that had a 1.9million zestimate in 2022 now. Stuff is sitting and sitting. Prices are pulling back, supply is way more than demand every day more houses are hitting the market, there is a little bit of homeowners trading houses so to speak but 1st time buyers are sidelined prices will fall… if they get the fed to slash rates again it might create some frenzy but I see prices sliding for a while. And yes it’s a good thing for the county, and yes I own 4 homes so not ideal for me, but I’m not over leveraged so not too concerned

 

[Hnthrdr]

It’s everywhere across Idaho. Prices are skyrocketing, people that have been here forever are getting horribly squeezed by prices and property taxes. I’d love to upgrade homes but can’t even come close to affording to

Same in Co and MT and Utah

 

[Hnthrdr]

While obviously prices are "higher" they are down from 2021. And there's a lot of inventory and it's a buyer's market. If you can bite the bullet for a year or two and stomach the payments on a high APR or pay cash, when rates go down prices are going to surge. Inventory will drop and prices will surge more. It's still a good area for investment.

I would caution against trying to time it too much. The whole marry the house, date the rate is a dangerous game to play, be comfortable with what the payment is when you buy if you get to refi great, but don’t soley rely on that happening

 

[getcervid]

I watch realtor.com pretty regularly for Boise. Market is softening maybe just a touch. I’d say slightly more starter homes in the 400’s than there were a year ago. Still stings for anyone that’s loved here a while. 3-4 years ago starter homes were in the 200’s throughout much of the treasure valley. And even that price reflected a doubling of the real estate market in the previous 8-10 years.

The word is out. Seems people want to live in Boise. There’s been a lot of growth, a lot of new housing, but prices continue to rise.

If you're young and not looking to settle down, you can save a lot of money by renting and saving/investing the difference.

 

[Beendare]

The work from home after Covid has a lot of people searching for a better lifestyle away from the big cities.
Who can blame them?

Sadly, the sprawl of the Boise area at an exponential rate brings the traffic congestion....and it can take 45 to an hour minutes during commute hours to get from Boise to Star.

There are still plenty of homes at reasonable prices. Factor in THIS; The few friends and fam I have that moved to the Boise area in the last 5 years have experienced HUGE appreciation on their homes- so there is that.

Also factor that in 10 years every alfalfa field from Middleton to Boise will be tract homes and the congestion will be a lot worse.

 

[bojangles808]

Thanks to Biden, and now Trump prices are just going to continue to fly higher.....covid, and now tariffs are going to make things unbearable for the younger generations. If you think you aren't paying for those tariffs you better shop for a better brain.

yes the new federal sales tax sucks

 

[WRO]

Hold tight man prices are sliding… reality is, and no offense to boomers but there are not enough people with giant salaries to buy your 400k home that had a 1.9million zestimate in 2022 now. Stuff is sitting and sitting. Prices are pulling back, supply is way more than demand every day more houses are hitting the market, there is a little bit of homeowners trading houses so to speak but 1st time buyers are sidelined prices will fall… if they get the fed to slash rates again it might create some frenzy but I see prices sliding for a while. And yes it’s a good thing for the county, and yes I own 4 homes so not ideal for me, but I’m not over leveraged so not too concerned

With all the investment going on in ada county, don’t expect a 2008 level correction.

There’s a pipeline of 25 billion in investment in the next decade between micron, meta, and Google coming. It’s only going to get worse long term.


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