Boise Condos
It's been an especially rough couple years for Boise's new condominium market, which is almost exclusively centered in downtown Boise. Nearly a dozen projects began construction or were rumored to begin within the last five years alone. Off the top of my head, I can think of five that are within a five mile radius.
Needless to say, in a city this size and a relatively sluggish market, there isn't enough demand for the supply of active condos on the market.
It's discouraging, but not really a surprise, then, that Cityside Lofts is going to try to auction off five of their homes. According to this Idaho Business Review article, not a single condo has sold this year.
Labels: Condos, Downtown Boise, Listings, Quality of Life, Real Estate Trends
Posted in Boise’s Best Real Estate by Leigh Wilson on Saturday, August 29, 2009
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