In reviewing the commercial development in our area of Idaho, one can only expect the home buying/building to continue to be strong. Meridian is due for a large development at Eagle and Fairview Roads with the Village Developer now going across Eagle Rd to continue the upscale commercial development and some residential as well. The new Costco appears to finally gain approval to be built in Meridian. Commercial usually follows home building. That would mean any vacant spaces available will be picked up for home building. Resale homes will continue to be in high demand.
We are entering the fall home selling season. Typically the home sales start to fall off this time of year. However, the prices are softening some and may continue thru the spring. It still may be a great time to list your home before the prices take to much of a dip. The home prices are starting to slide with the rising interest rates. We continue to see home shoppers coming in from out of state looking for the retirement home. Give us a call if we can be of more information regarding listing your home.
As summer begins to wind down, so goes the Real Estate Market. More homes are coming on the market with prices beginning to stablize. Our area continues to attract people form other parts of the country, so we won't see the same slow down as much of the rest of the country. We do see more growth and new development on the local teck industry. Should that continue, we will see continued strong growth.
As one can see by the attached graph, home prices continue to rise based on low inventory or re-sale homes and a larger percentage of new homes sold. New home pricing continues to be well above that of the pricing for re-sale homes.
Many people are figuring out one of the best places to purchase a new home and relocate is in the Treasure Valley of Idaho. Boise, Meridian, Nampa, Caldwell and surrounding cities are the settling destinations - there's more in Idaho than just potatoes!
Centrally located, our valley provides world class recreational opportunities in every direction! Within just an hour you can be deep in desert canyons, or lush mountain forests; find yourself exploring the trails where the pioneers forged the West. Not to mention Boise is home to a wide range of cultural and entertainment opportunities through a number of venues.
Find out for yourself! Should you be interested in the area contact us at MRHomesIdaho.com and Wally and Joel will be your best advocates to finding the home that you want in beautiful southwest Idaho. Visit our website, MRHomesIdaho.com today.