LIFESTYLE. THAT'S WHAT IT IS. WE BEGIN TONIGHT THE
THIS
THIS MILESTONE -- SOMETHING MAY WON'T BE HAPPY ABOUT..
GOOD EVENING....
WE BEGIN TONIGHT WITH
THE MEDIAN PRICE FOR A
HOME IN ADA COUNTY --
THINK
THINK ABOUT THIS....THE MEDIAN HOME PRICE IN ADA COUNTY WAS $133-
THOUSAND DOLLARS....
10 YEARS LATER....IT HAS
GONE UP 241-PERCENT TO
JUST OVER A HALF A
MILLION DOLLARS.
THAT IS ACCORDING TO
BOISE REGIONAL
REALTORS.
NOW SOME WHO LIVE IN
BOISE'S NORTH END SAY IF
THEY DIDN'T BUY WHEN
THEY DID -- THEY WOULD
BE LIVING IN A DIFFERENT
PART OF TOWN.
OUR ANDREW BAERTLEIN
IS WITH US LIVE IN BOISE'S
NORTH END WHERE HE
SPOKE WITH RESIDENTS
ABOUT WHAT THIS
GROWTH MEANS FOR
THEM.....BOTH POSITIVE
AND NOT SO MUCH.
ANDREW.
ANDREW.
YOU
YOU SAID
YOU SAID IT MARK. IF YOU WANT TO BE A HOMEOWNER IN ADA
COUNTY HALF A MILLION
DOLLARS IS A REALISTIC
PRICE TAG.
AND EVEN WITH THOSE
PRICES.. HERE ON THE
NORTH END OF TOWN.
THOSE FOR SALE SIGNS
DON'T STAY UP FOR VERY
LONG.
SOME ARE 40. 80. OVER
100 YEARS OLD.
DIFFERENT SIZES,
DIFFERENT SHAPES,
DIFFERENT STYLES.
BUT IN ADA COUNTY THEY
ALL HAVE ONE THING IN
COMMON. DEMAND.
THE 8 YEARS I'VE LIVED
HERE I'VE SEEN THE
TRAFFIC PROBABLY
DOUBLE.
IN THOSE EIGHT YEARS
LAURIE GEBERT'S SEEN
SOMETHING ELSE DOUBLE
TOO. HER HOME VALUES.
I'VE LIVED ON THE EAST
COAST, THE WEST COAST,
AND THE MIDWEST. THE
PRICES HERE ARE
SURPASSING ALMOST ANY
PLACE IN THE COUNTRY
RIGHT NOW.
BOSIE REGIONAL REALTY
SAYS THE MEDIAN COST
OF A HOME IN ADA
COUNTY IS 500-23
THOUSAND DOLLARS.
THE HIGHEST ITS EVER
BEEN.
BUT HOW HIGH IS TOO
HIGH?
WITHIN THESE LAST FOUR
YEARS. NORTH END
RESIDENT NATHAN ESH-
ULL-MAN SAYS HE'S
ALREADY SEEN IT CHANGE.
IT WAS AFFORDABLE
WHEN WE FIRST MOVE
AND NOW ITS
UNATTAINABLE. TO
PURCHASE A HOUSE IN A
BOISE, IT'S VERY DIFFICULT
ACROSS THE STREET
FROM NATHAN A HOME IS
FOR SALE.
BUILT IN 1939. LESS THAN
ONE-THOUSAND SQUARE
FEET AND NEARLY FOUR-
HUNDRED THOUSAND
DOLLARS.
YOU'RE PAYING FOR A
LIFESTYLE. THAT'S WHAT IT
IS.
IS IT WORTH FOUR-
HUNDRED THOUSAND
DOLLARS? NO. BUT IS THE
LOCATION GREAT? YES.
AND UNFORTUNATELY,
THAT WHAT THE PRICE IS.
SO. WE CALLED.
IT WAS LISTED ON
SATURDAY THE LIST PRICE
IS $398,000.
HAVE THERE BEEN ANY
OFFERS SINCE SATURDAY?
YES.
IN THIS
NEIGHBORHOOD.
COMMUNITY. WE HAVE
DOWNTOWN WITHIN 5
MINUTES AND WIDE-OPEN
SKY RIGHT BEHIND US.
YOU'RE PAYING FOR A
LIFESTYLE. THAT'S WHAT IT
IS.
A LIFESTYLE PEOPLE LIKE
LAURIE WILL CONTINUE
TO PAY FOR.
I PLAN TO STAY IN BOISE
UNTIL MY KIDS ALL
GRADUATE. IT HAS
GOTTEN A LITTLE BUSY
FOR ME, BUT BUSY IS
RELATIVE.
BOISE REGIONAL
REALTORS SAYS THIS
DEMAND IS DRIVEN BY A
FEW THINGS. LOW
MORTGAGE RATES AND
REMOTE WORKERS
HAVING THE ABILITY TO
MOVE TO TOWN.
BOISE
BOISE REGIONAL REALTORS SAYS THIS DEMAND IS DRIVEN BY A
FEW THINGS. LOW
MORTGAGE RATES AND
REMOTE WORKERS
HAVING THE ABILITY TO
MOVE TO TOWN.
WHILE THE MEDIAN PRICE
IS OVER A HALF A MILLION
IN ADA COUNTY. THEY
SAY EXPANDING YOUR
HOUSE HUNT OUTSIDE
THE BOISE METRO AREA
COULD RESULT IN SOME
MORE AFFORDABLE
OPTIONS.
BUT THAT MEDIAN IS FOR
THE ENTIRE COUNTY.
NOT JUST BOISE.
MARK.