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Boise Multi-family Market is Holding Strong, Despite Residential Cooldown
Posted On: 2021-10-27 20:50:06.593
After stay-at-home orders across the nation in Spring of 2020, a surge of buyers, mostly from the West Coast, chose Idaho as the location of their new home.  They figured that if they were going to work from home, why not upgrade their home and quality of life and move to Idaho. This surge of migration caused Boise property values to ascend at a pace we have never seen.  COVID is still playing a factor in the Boise market.  As businesses were allowed to re-opened along the West Coast, residential real estate in Boise started to slow.   Now that we are in the fall with winter and the holiday season soon approaching, Boise is seeing a traditional market cool down. 
However, we have yet to see significant signs of a market correction on multi-family (four plexes and apartments).  Duplexes and Tri-plexes in our area tend to follow the residential market trends more closely.  As you can see in the below graphs, Ada County fourplexes are leveling out, but holding.  In the four larger apartment deals that I have been involved with this year, the confidence and value of investment properties within the Treasure Valley is still very strong.
If you would like to take advantage of the opportunity to cash out, or accumulate investment real estate in Boise, Idaho, we're here to help.  Feel free to reach out to your Boise Investment Properties Team.
Stacy McBain, Associate Broker with Swope Investment Properties
Tony A Drost, Associate Broker with Swope Investment Properties
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