Due in great part to short sales in Boise Idaho, as well as Boise bank owned homes for sale, the Southwest Idaho area real estate market has realized the greatest rate in home depreciation in 2010 than any other real estate market in the country, bar none. According to the Ada County assessor’s office, values dropped from 2 percent to 20 percent in 2010 in the various neighborhoods throughout the county. The number of new housing construction starts in Ada County fell to $223 million in 2010 from $330 million in 2009. Many areas have not seen home values this low since the 1990’s, this includes some of the most desirable Treasure Valley neighborhoods, creating a once in a lifetime opportunity for those interested in purchasing Boise investment properties. 

 

 

At the same time real estate values are plummeting, the Boise area also continues to hit the top places to live lists published by Money Magazine, Kiplinger, National Geographic and Forbes to name just a few. With our temperate climate, friendly people, laid back lifestyle and unlimited outdoor activities, it’s a magnet for the those that are weary of the big city, big tax lifestyle.

Couple these two factors and you have a winning investment strategy on two fronts. There are many opportunities in Canyon and Ada counties to purchase positive cash flow single and multifamily units.  Boise short sales and Boise bank owned homes for sale represent over half of the sold properties in the 2011 market that will one day realize impressive appreciation once the Treasure Valley real estate market recovers.

 

Prior to the national economic down turn, the Boise area boasted some of the fastest growing communities in the country. Even considering the current economic conditions of Idaho, it still rates as one of the fastest growing states in the union. The appeal of the Treasure Valley is compelling enough to attract multiple demographic groups to the state and that dynamic will return and once again trigger growth and economic opportunity.

 

When is the best time to buy Boise Idaho real estate? Like with any item, when it's on sale of course! Not long ago, investors purchasing Boise Idaho real estate for investment purposes found themselves in a negative cash flow situation. The current real estate market offers cheap long term money. Interest rates for investors are near historic lows offering investment opportunities that will cash flow. Monthly income on the plentiful supply of Boise investment properties, combined with the tax benefits and principle reduction offers an attractive return on investment, no matter how long it takes for prices to rise. Hurry before it's too late to cash in on Boise short sales and Boise bank owned homes for sale, the inventory is selling fast!