With so many year round activities available within such a short drive from the Treasure Valley, it is not surprising that many local residents decide to obtain cabins, homes or small acreages near picturesque Payette or Cascade Lake areas to enjoy the many benefits these areas offer.
During the most recent boom, in the mid 2000’s, interest in these types of properties was at a fevered pitch and inventories were at their lowest levels in recent memory. As Bob Dylan has most aptly stated, “the times they are a changin”.
Now, let’s take in some interesting market data as provided by the Intermountain MLS. As of early January 2016 there were (19) cabins available between $100,000 & $250,000 and (62) available between $251,000 & $500,000. The real surprise may lie in the fact that there is an abundant inventory of building lots. Between $0 & $50,000 there are (106) sites available and (127) between $51,000 & $150,000.
While market activity has significantly improved in the more urban areas of SW Idaho in the past four or so years, the recreational markets have been less lively. For the right Buyer, this spells opportunity!
If you have been considering exploring either of these “Buyer” markets in the near future, I think you will be pleasantly surprised at what you’ll find.
Best to you in the New Year. Steve Claridge email@example.com