“You’re gorgeous, baby, you’re sophisticated, you live well…Vancouver is Manhattan with mountains. It’s a liquid city, a tomorrow city, equal parts India, China, England, France and the Pacific Northwest. It’s the cool North American sibling.” - The New York Times

Events

The Next Hot Luxury Real Estate Market in Idaho?

 Source: Hubble Homes


When you think of luxury real estate you automatically think glamorous big cities, beach towns, and popular destinations. Normally, wealthy home buyers think of dropping their investments into real estate in New York, Los Angeles, Paris, Dubai or other international cities. According to a recent Coldwell Banker report, “places generating interest form the richest 1% all smaller inland markets.” 


Believe it or not, the top luxury market currently is Boise, Idaho. You may not know where that is because they are better known for their potatoes rather than real estate. Why is there a drastic change in busy cities to smaller towns to buy luxury properties? It’s partially due to wealth migration from higher-tax states to lower-tax states. There is a greater opportunity at a more valued cost for wealthy buyers.


Boise, has been attracting West Coast buyers for a few years now due to beautiful mountain views and fast-growing tech sector. Although, like everything else, with the constant flow of new residents it has been driving prices up in the once-affordable city in Idaho.


According to realtor.com as of Feb. 1, the median home list price in the metro area of Boise was $375,000. Could you imagine a luxurious and stunning property for that price?!


Source: SFGate

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.