Few if any condominiums in Downtown Boise were selling in August, but since then at least 25 sales have closed or are pending.
Lisa Lyons, director of sales for CitySide Lofts at Myrtle and 15th streets, where 10 units have sold since September and three sales are pending, said: "It seems we've hit a price, and with the combination of low interest rates and available FHA financing, we've found the market."
Units at CitySide Lofts sell from $159,900 to $350,000, down about 20 percent from prices of $199,000 to $450,000 two years ago.
Sales managers, agents and developers for five projects Downtown said most prices have dropped between 15 percent and 30 percent from 2007.
Read full story:
Downtown Boise condo sales are looking up | Business | Idaho Statesman
Austrian Empirical Economics?
12 hours ago