By Michael BiedermanPosted November 30, 2018 9:53pmBIDDEN, Idaho — As the snow continues to fall in the Great Basin, the home sales and office listings for Boise have been dropping dramatically.
Boise is one of only two cities in the U.S. that has not experienced a drop in the number of listings.
It’s not just a matter of people moving, but a new type of real estate transaction.
Boards are popping up in every county in the state.
Most are not condos, but apartments, condominiums, townhomes and small houses.
There are hundreds of vacant homes, many of which are underutilized, in the city’s downtown area.
Brenton Mitchell, a real estate agent with The Realty Group, says people are moving to Boise because it’s a city that they want to live in, and they’re looking for places to live that offer amenities.
Bridget Karp, who lives in Boise, says she has seen people looking to buy properties with no utilities and no parking, and that’s the type of stuff that people want.
“I’ve seen a lot of new condos, apartments, condos that are vacant.
That’s a big concern.
People need to be careful with the properties they are looking at,” Karp said.
Boobie has also seen some homes being sold for less than what they were worth before, because they’ve been foreclosed on.
Mitchell says that’s happening because more and more people are not willing to pay the $200,000-plus for a home.
Biden County records show a total of 10,722 homes were foreclosed and foreclosed for less that $200K on Dec. 31, 2017.
The last time this happened was in 2012.BIDEN COUNTY:Boise real property records show 10,700 homes were vacant and foreclosures totaling $200k less than the value of their homes.
The county recorded a $2.9 million increase in foreclosing activity for the last quarter.
The county’s median value was $175,000.
Bids have also been pouring in for vacant homes in the area.
Mitchell has seen one home with a buyer asking for $3 million for a $4 million home.
Mitchell said she’s not sure how much the buyer will pay, but that it would likely be more than the county would offer.
“You never know what somebody’s worth.
You never know if they’re gonna sell their house for $5 million.
You just never know,” Mitchell said.
Karp said she would like to see the county take action to help residents who need a place to live.
“We’ve got the infrastructure to do that.
We can help people who are homeless or people who have no homes who can get a place that is affordable and livable,” Karsp said.
Mitchell says she wants Boise to do more to help the homeless and those who are living on the streets, and she wants to see a more active approach to homeless services.
“It’s a really sad thing that we’re seeing,” Mitchell added.
The median price of homes sold in Boise is $749,000, according to the Idaho Department of Land and Natural Resources.
The median price in the region is $1,737,000 as of Sept. 30, 2019.
The Realty group has seen a similar trend.
In the first quarter of this year, the group sold 2,500 homes for $849,824, an increase of $60,000 from the previous year.
The group’s sales have also grown since they started operating in 2016, from 2,200 properties to 5,000 properties this year.