Wages increase 2.2%
Forbes says: "Idaho's quirky mix of agriculture, lumber, mining and high-tech manufacturing gives it a far different profile than most states. Unusual job skills for niche industries can remain in demand during recessions, since those jobs can't be filled by just anyone."
Read the article.
This information is for South West Boise (MLS areas 500 & 550) for the 2nd QTR 2009.
So far the first half of the year has shown very little movement in small apartment building sales. When looking at 4 plexes there have been 10 sales year to date, nearly on track with 2008 volumne of 11 property sales. On top of that the average price is $271,000 for this year. The typical 4 plex that is 5 years old is averaging a the low 300's. Compared to the same time last year the average price was $344,000 or a 21% drop in value.
Here is the latest report on Short Sales for Ada County in the 2nd QTR of 2009.
To sum up the latest. Over 30% of the properties listed as short sales sold. They sold for nearly 96% of the asking price.
June 584 homes sold.
Within the first two days of July, 43 homes have had offers accepted on them.
All in the cities of Boise, Meridian, Star, Kuna, Garden City and Eagle Idaho.