I listed a home as a SHORT SALE in Bristol Heights last month. The demand for the house was fantastic. We recieved 8 total offers, 4 strong offers and eventually decided on a slightly above asking offer. It was just over 30 days until we closed and in that time...we did not make appraisal. This is excellent news for someone who is investing. Picking up a high in demand subdivision home in a depreciating market and holding it until the market recovers will bring you excellent returns. Their are 22 active listings in BH right now and 9 of them have taken price reductions. 6 homes have sold or are under contract in the last 30 days. Make sure your Realtor does a CMA on the house you choose with the most recent solds (ideally 30 day). You should be able to make a deal!

P.S. I recommend all my investors stick to lower end homes. The carrying costs are lower, the potential of positive cash flow is greater, cap rates improve and affordable housing will be coming back to Boise so you do not want to outprice yourself for the future! Good luck!

Sun Nov 4 2007, 18:50

What you need to consider is the area and what type of investment you are making. It's an established neighborhood so your appreciation rates are going to be more stable and you'll have a better idea of what your neighborhood is makeup looks like. It's got a good mix of homes as far as price ranges and the turn over rate is about average. It does depend on what type of investment you are looking for. If you are looking at rentals, HP is over there and that always generates a pretty good demand.

Tue Jul 10 2007, 08:51

What type of investment are you looking for? Quick turn or long term?? That makes a difference. A good quality subdivision will be an excellent long term investment overall.

Mon Jul 9 2007, 18:10

Bristol Heights is a quality subdivision consisting of about 500 homes in the $250-400k price range.
It offers expansive, lush community parks and common areas with walking paths, and is near shopping.
Excellent schools too.
Phil Hoover ABR, CRS
Associate Broker
RE/MAX West
(208)938-5533 Direct

Tue May 15 2007, 10:11