Boise Real Estate’s Confusing Condo & Townhome Market
You’ve probably noticed that I do not include condo/townhome data in my posts.
Why?
Because condo and townhome properties are not the mainstream Boise real estate market.
That, and the fact that there are pretty odd properties that fall into the condo/townhome segment of the Boise real estate market.
For example, there are many areas in our market that offer condo units that are, well . . . . nothing more than converted apartments.
Those are properties where some enterprising investor/developer bought an apartment complex and converted the apartments to condo units and sold them off to individual owners.
Those properties have little, if anything, to do with the overall single-family housing market in our market.
Then, there’s the issue of what exactly is a townhome?
I have seen smaller single-family homes on their own individual lots described as townhomes.
I have also seen properties labeled as townhomes that have attached walls, which some would consider to be duplexes.
And, I have seen properties with common walls that are described as “villas”.
So, what are they ~ townhomes, duplexes, or villas?
Let’s not even try to figure out what a “patio home” is ~ is it a home with a patio, or what?
In my experience, there is often no clear delineation between the various descriptions.
Which is why I exclude them from the data in my statistics posts.
Boise real estate’s mainstream market is single-family homes on lot/acreage.
April 12th, 2012 Posted in Inside Real Estate
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