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FEEDBACK ON TWIN FALLS IDAHO MARKET PLEASE

By Tony du Preez

Real Estate Broker/Owner with RESE Realty INC.

October 01, 2007 05:19 AM

i have a friend/client who is thinking of moving up to Twin Falls in Idaho. seeing as i am his trusted real estate advisor - he called me and asked for my opinion.

well, i do not have an opinion on Idaho - so i am hoping that you professional realtors out there will give me some intelligent feedback on the state of the market there

if he os going to move there, i would also like to refer him to a professional agent who is able to provide us with a sensible market analysis

he does not want to put his Utah house on the market until he fees confident about the Twin Falls market

so any info that you can send me would be appreciated

thanks - and happy new week!!!

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Jason Schweiger

Modus Mortgage - Auburn, WA

Loan Originator: Modus Mortgage

The market is slower than it has been. Prices are much less expensive, at least compared to Seattle. The prices are low enough that there is not much downside, if any. I have several family members that live there.

Oct 01, 2007 05:32 AM

Tony du Preez

RESE Realty INC. - Lehi, UT

thanks jason - this blogging thing seems to be preet useful at times, i do wonder how many people are only doing it for the points they score??

your comment makes sense, thanks for taking the time

Oct 01, 2007 05:42 AM

Cynthia Tilghman, Realtor® Onslow County NC Home Specialist

Kingsbridge Realty, Inc - Hubert, NC

Hi Tony,
I know nothing about Idaho just wanted to check in and see what you were up to.

Oct 03, 2007 01:42 AM

hi cynthia

well - seeing as our market is flatter than a pancake, we are working our tails off to get deals to happen. our sellers need to drop their expectations, and being one myself, i understand how hard that can be. you refuse to believe that your property value has dropped 10%-15% in a couple of months - but that seems to be the reality.

take care and thanks for checking in

Oct 03, 2007 01:59 AM

Anonymous

Chuck Lassen

RESIDENTIAL:
While Southern Idaho's growth and attractiveness has spurred the housing market, home prices and rental rates remain at or slightly below the national average. Recent data indicates the average home sold in Twin Falls to be under $190,000. For a newer executive home, the price would be about $140.00 per square foot which includes the land and high quality exterior and interior amenities. This cost would be considered the "upper end" of the market.
In general, the price per square foot for newly constructed homes currently on the market ranges from $100.00 to $150.00 and existing homes range from $80.00 to $140.00 per square foot.
The area provides for many options, including city subdivisions, mature areas, country acreages and very unique settings such as the Snake River Canyon, South Hills and numerous golf course locations.
In the rental market, a three bedroom, two bath home in the city limits would rent from $750.00 to $1150.00 per month. Executive rentals can approach $1,500 to $1,800 per month.

COMMERCIAL:
Manufacturing: The Magic Valley has numerous M1 and M2 zoned locations with parcel sizes ranging from 1 acre to 100 acres. Many of the parcels have rail access. In addition, many of the parcels have excellent access and/or visibility to Interstate 84, the main east/west highway in Southern Idaho.
Prices for M1 and M2 zoned parcels range from $3 to $4 per square foot.
For specific site availability, contact Chuck Lassen at the Irwin Realty at (208)420-9223.
Office: The area offers a number of both existing buildings as well as new projects from which to choose. Rental rates vary according to age and location. Older buildings which typically include second and third generation space range from $9 to $10.50 per square foot annually. Newer projects and those under construction have annual rental rates around $13.50 to $15.00 per square foot, triple net.For those businesses interested in space with state-of-the-art communications, there are a few new projects underway to meet such specific needs.

For more information, call Chuck Lassen at Irwin Realty (208)420-9223

Oct 12, 2007 11:02 AM

Bob Veeh

Canyonside Irwin Realty - Twin Falls, ID

Way to go Chuck.

Chuck Lassen is a local agent in a local office in Twin Falls Idaho.

www.southernidaho-realestate.com

Oct 15, 2008 10:38 AM

Lisa Haney

Idaho Foreclosure Homes - Jerome, ID

Realtor, Exit Realty Concepts

Hi Tony,

I just saw your blog. I am an agent in Twin Falls. The market here is pretty steady with a slight decline in home prices. The ecomony in the Magic Valley is strong and unemployment is low so there is not much of a swing in our market. One can still get affordable housing in the area as prices are lower than they have been in a couple of years. I have family in Lehi and in American Fork. It would be great to work with you. If you have any questions please call me.

Oct 28, 2008 06:52 AM

I just saw your blog. I am an agent in Twin Falls. The market here is pretty steady with a slight decline in home prices. The economy in the Magic Valley is strong and unemployment is low so there is not much of a swing in our market. One can still get affordable housing in the area as prices are lower than they have been in a couple of years. I have family in Lehi and in American Fork. It would be great to work with you. If you have any questions please call me.

FEEDBACK ON TWIN FALLS IDAHO MARKET PLEASE

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