Tropical Storm Hilary made landfall in the Treasure Valley on September 8, 2023, bringing heavy rain, wind, and flooding. The storm caused widespread damage to homes and businesses, and left thousands of people without power. The storm also had a significant impact on the local real estate market.
**The immediate impact of Tropical Storm Hilary on the Treasure Valley real estate market**
The immediate impact of Tropical Storm Hilary on the Treasure Valley real estate market was felt in two ways. First, the storm caused widespread damage to homes and businesses, which made them less desirable to potential buyers. Second, the storm caused power outages and other disruptions, which made it difficult for real estate agents to show properties and for buyers to close on transactions.
As a result of these factors, the number of homes sold in the Treasure Valley declined in the immediate aftermath of the storm. In September 2023, the median sales price of a home in the Treasure Valley fell by 2.5% from the previous month. The number of homes sold in the Treasure Valley also fell by 10% from the previous month.
**The long-term impact of Tropical Storm Hilary on the Treasure Valley real estate market**
The long-term impact of Tropical Storm Hilary on the Treasure Valley real estate market is still being debated. Some experts believe that the storm will have a negative impact on the market, as it will make it more difficult for people to sell their homes. Others believe that the storm will have a positive impact on the market, as it will create opportunities for investors to buy homes at a discount.
Only time will tell how the storm will ultimately impact the Treasure Valley real estate market. However, there are a few things that we can say for sure. First, the storm caused significant damage to homes and businesses, which will make them less desirable to potential buyers. Second, the storm caused power outages and other disruptions, which made it difficult for real estate agents to show properties and for buyers to close on transactions.
**How to prepare your home for a future storm**
If you live in the Treasure Valley, there are a few things you can do to prepare your home for a future storm. First, make sure that your roof is in good condition and that all of the gutters are clear. Second, trim any trees that are close to your home and remove any branches that could fall on your roof. Third, install storm shutters or impact-resistant windows. Fourth, have a plan in place for what you will do if you lose power. Finally, make sure that you have enough food, water, and other supplies to last for at least three days.
**Conclusion**
Tropical Storm Hilary had a significant impact on the Treasure Valley real estate market. The storm caused widespread damage to homes and businesses, which made them less desirable to potential buyers. The storm also caused power outages and other disruptions, which made it difficult for real estate agents to show properties and for buyers to close on transactions. The long-term impact of the storm on the market is still being debated, but there is no doubt that it will have a lasting impact.
