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