Oh, bless your little heart.
We saw what happened to Colorado, we saw what happened to California before it went full retard, Oregan, Washington, etc. Idaho is getting slammed with expats from the coast and increasing housing costs exponentially. Your already starting to some of the impact.
"MISSOULA, Mont. — Montana continues to see shocking real estate numbers, even in historically slower months for the industry.
In the first 45 days of 2021 in Missoula, the median housing prices went from $324,100 in 2020 to $419,535, a jump of more than $95,000.
“We are coming out of such a weird winter and fall market, where we still have seen a lot of this zoom buyer type activity that has been a stronger amount of demand than we've usually ever seen in our down months,” Brint Wahlberg, a realtor with Windermere, said. “And as we head into our stronger months, what is this market going to look like where we now have, you know, kind of your more typical mix of buyers looking at, as well?”
The Flathead saw a jump, too, though not as significant of an increase as Missoula. Comparing the window between Jan. 1 and Feb. 15, the median sales price went from $320,000 in 2020 to $390,000 in 2021. The amount of sales increased also, from 181 in that time period in 2020 to 231 in 2021.
Gallatin County blows both of the others out of the water, showing the median sales price in the month of January jumped from $450,000 in 2020 to $560,000 in 2021. The Gallatin Association of Realtors reports sellers received 99.7% of asking price in that month, noting an inventory shortage -- something being reported across other markets.
The Gallatin Association of Realtors says the number of homes on the market dropped 66.8% from January of last year, going from 364 to 121."
https://nbcmontana.com/news/local/median-housing-prices-jump-across-western-montana
An example is what is happening in Idaho incase you aren't following.
"Housing prices are skyrocketing. Idaho, which leads the nation in residential real estate price increases, saw home prices jump 14% in a year,
according to the Federal Housing Finance Agency's most recent accounting. They are up 73% since 2015, compared to a 35% increase nationwide during the same time frame.
The average Boise-area home now sells for $434,000, Herrig says, and the market remains incredibly tight even as developers carve new subdivisions out of agricultural lands around the city centers. Bidding wars are the norm; Herrig jokes that asking prices are really starting prices.
"A lot of the locals are kind of disheartened," she says. "They're getting priced out of their own state, which resonates with me – I got priced out of California.""
https://www.usnews.com/news/cities/...idents-brings-changing-vibe-to-western-cities
Ask yourself why that is? 650,000 people left CA in 2020 alone and people are leaving there everyday. I have a family around the corner from me and the wife finally let her husband buy a rifle. Most want to leave the BS behind and embrace the local culture but a lot carry baggage.
