Sale of this Meridian home, bought 3 years ago for $500K, shows how bananas market is John Sowell, The Idaho Statesman
Feb. 13 When a home down the road from Kelcie Moseley recently sold, the Meridian woman was shocked.
She s watched as home prices have steadily risen the past few years as demand soared and supply dwindled, bringing record high prices in Ada County. But she wasn t prepared for the amount the buyer paid for the six-bedroom, 3,790-square-foot house on the backside of Keith Bird Legacy Park and down the street from the new Meridian Costco.
$1.05 million.
That s more than double what Moseley paid for her 2,200-square-foot house a year ago. And nearly double the $534,000 the sale house in the Bainbridge Park subdivision was assessed for by the Ada County Assessor s Office.
Boise is growing, but it’s not too late to get in.
Over the past couple of years, the Idaho state capital has been named one of the best cities to start a business, one of the best cities for first-time homebuyers and one of the hottest real estate markets for millennials.
Nicknamed the “City of Trees” and heart of the area known as “Treasure Valley,” Boise is home to the headquarters of grocery chains including Albertsons and WinCo Foods. Other major employers in the area include Micron Technology, HP and Wells Fargo.
Boise is the third-largest metro area in the Northwest, according to the Boise Valley Economic Partnership.
Biz Buzz: New development project in Rigby getting mixed reactions from community
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A development in Boise is the inspiration for a similar project in Rigby across from the high school. | Courtesy Jorelle McClellan
Do you want to know what’s happening in the eastern Idaho business scene? We’ve got you covered. Here is a rundown of this week’s business news across the valley.
BIZ BRIEF
The proposed plan for Farmington Station in Rigby. | Courtesy Jorelle McClellan
Gail Inch CBH Homes welcomes Gail Inch as its Locale community manager, representing its Locale master planned communities in Boise. As the Locale community manager, she will oversee marketing, sales, and events. Inch began her real estate career in commercial real estate in the Bay Area at CBRE (Coldwell Banker Commercial Real Estate). Following CBRE, she relocated to Boise, where she moved into residential real estate with Silvercreek Realty Group. Most recently, she worked remotely with Omada Health out of San Francisco, a digital health company.