Boise, Idaho has emerged as the leading market for luxury home price appreciation in the U.S., witnessing a staggering 150% increase in high-end property prices since 2017. This growth, driven by post-pandemic migration trends, positions Boise as a haven for affluent buyers seeking tranquility and natural beauty away from celebrity-centric locales. Although median prices have stabilized, the luxury segment thrives, indicating an ongoing appeal for wealthy homebuyers. The region's transformation into a luxury market has been confirmed by real estate experts who highlight this upward trend stemming from a significant population boost post-2019.
Since 2017, list prices at the 90th price percentile in Boise have soared 150%, to nearly $1.3 million for the three months that ended in January.
Boise was an ultrahot market during the post-pandemic buying frenzy, and both the median and 90th percentile for listing price shot up from 2020 to 2022.
Migration during the COVID-19 pandemic essentially created the area's luxury real estate market, introducing a whole market for upper-end luxury in Boise.
The city remains attractive to high-end homebuyers, and the luxury listings in the area continue to be built and sold at high price points.
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