Our market analysis for the Southern Idaho Real Estate Market through September of 2007 has been completed. As anticipated Southern Idaho real estate market is much more stable than other parts of the country which experienced such high appreciation during the past years. You will note on the link below that the "Average % of Asking Price for all Homes by County" has remained in the high 97 to 98% except for Jerome County. The "Total Number of Homes Sold by County" has taken a hit as with other parts of the country. Considering the numbers other parts of the country are experiencing we will take them as they stand. This is why people are moving to Idaho in the first place. The "Average Sold Price" and "Median Sold Price" remain higher in all counties except for Gooding County. Finally, the "Average Days on Market" has increased substantially during the 2007 year to date figures.
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We are seeing farm land prices in the Southern Idaho counties starting to creep up dependent upon the area and the type of irrigated system being used. Currently the prices are ranging from $3500.00/acre to $5000.00/acre for good farm ground. It is projected to be in the $4500.00 to $6000.00 per acre range by next year.
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