Avimor has been beaten up in recent comments–especially on the Dry Creek “Planned Community” story. We got the following from an obvious insider and frankly what they apparently see as a positive sign is pretty weak.
“Avimor has had residents since October. There are three homes closed, two with families living therein. One home is under construction for a family. Another pre-sold home is about to start for yet another family.
“All four families are from the valley and have lived in Idaho for several years. The MLS only has a few spec homes listed which none have sold. Two spec homes have contracts pending, contingent on financing which is almost impossible to get.”
Even if we give them the benefit of SIX homes sold in the past year, it will take 500 years for them to sell 3,000 homes. A lot of GROWTHOPHOBES would have to concede there indeed is good news in the foothills. If they down size to 300 homes, it will take 50 years at the current rate. Not all bad!