Idaho Falls Market Conditions

Don't believe everything you see on the news! While there are parts of the Country that are struggling, the market in Idaho Falls remains stable. Properties are still selling for approximately 98% of List price and are selling in abounr 110 days. Homes are not appreciating at the record setting paces of 2006 & 2007 but they are still appreciating. An article on housingpredictor.com predicts Idaho Falls as one of the top 20 Real Estate Markets for 2008! Their predicted appreciation is 4.8%. The types of loans that have reeked havoc in other parts of the Country make up such a small percentage of the loans in this area that it has insulated us from many of the issue others are facing.

The unemployement rate is below 2% and new business's continue to discover this growing area.

Interest rates are relatively low and activity remains strong in most price ranges.There is an good supply of homes on the market and a ready supply of qualified Buyers. Builders continue to offer Buyers incentives to move their existing inventory new homes.

Bonneville County continues to expand as the regional shopping/retail and medical hub for South East Idaho
Now is the time to buy in Idaho Falls!

ZIP Code: 83401-83406

Location Characteristics: Located in the South East portion of the state, Idaho Falls is a growing area with a strong and diverse economy. The city of Idaho Falls has a population of approximately 55,000 but with all of the surrounding homes and communities the number of people in the valley is closer to 100,000. Idaho Falls is conveniently located 100 miles from Yellowstone National Park, 102 Miles from Jackson Hole Wyoming, 75 miles from the Grand Targee Ski Resort, 225 miles from Salt Lake City Utah and 250 miles from Boise Idaho, the state capital. The city of Idaho Falls sits on the Snake River and is surrounde by BLM land and near Nation Forests.