Idaho Falls Market Conditions

By
Real Estate Agent with Century 21 High Desert Realtors AB22942

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.

Comments (20)

Paul Howard
Paul Howard, Broker, Paul Howard Realty 856-488-8444 - Cherry Hill, NJ
Paul Howard Realty, 856-488-8444

Weicome to Active Rain.  You can learn a lot here - and teach too.

 

Good luck with the blog.

Aug 25, 2008 12:03 PM
Susan McQuaide
Keller Williams - Simpsonville, SC

Welcome to Active Rain! I hope you find this site as informational and entertaining as I have!

Aug 25, 2008 12:19 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Patrick,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Aug 25, 2008 12:54 PM
Jean Terry
Keller Williams Realty Spartanburg, S.C. - Spartanburg, SC

Hi, and welcome to Active Rain, a great site to learn, share ideas and to have fun.

Good Luck....

Aug 25, 2008 01:31 PM
Bill Kennedy
Keller Williams Realty - Greenville, SC
Homes For Sale Greenville SC

I just wanted to welcome you to active rain! This is a great site, and has been profitable for me.  In a year, I've personally received clients and referrals that have exceeded over thirty thousand in gross commissions - directly attributable to this site!  I tell you that to help keep you blogging.  It's free - there's no better price!  Blog about all sorts of stuff, not just real estate.  People are checking out your blog to learn about you, and what makes you tick.  That's how you score clients off of here.  Be real, and blog often.  Most of all have fun!

If you ever need a good agent down in South Carolina, let me know!

Aug 25, 2008 02:02 PM
Kevin Wood,
Keller Williams Southern Arizona - Tucson, AZ
Tucson, AZ Realtor

Patrick,

Thank you for sharing your perspective. I wish you the best of luck with your future blogging. This is an awesome place to learn and grow

Aug 25, 2008 02:24 PM
Vicente A. Martinez
Prudential Douglas Elliman Licensed Real Estate Salesperson - Woodhaven, NY
Realtor, Brooklyn - Long Island - Queens Homes

Hi Patrick and welcome to active|rain. There are thousands of tips, tools, and tricks of the trade here. Be sure to check them out. Best of luck and see you around.

Aug 25, 2008 02:40 PM
Marcy Fedalei
Keller Williams Realty - Spartanburg, SC

May I be one of the first to welcome you to Active Rain - a great place to share ideas, thoughts and perspectives. Enjoy!

Aug 25, 2008 10:12 PM
Ron Martin
Keller Williams Realty - Spartanburg, SC
Ron Martin Team

Welcome to Active Rain, It's a great site to share idea's, receive free marketing, Enjoy and have fun!

Aug 26, 2008 12:37 AM
Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.  Have fun with it and hope to see more of your blogs soon!

Aug 26, 2008 12:42 AM
Kirk Westervelt
Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC
Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...

Hi, welcome to Active Rain! I hope to see more of your blogs in the future. Learn from others, share your knowledge and experiences and enjoy yourself! Take care! ---Kirk.

Aug 26, 2008 01:01 AM
Connie Rice
Keller Williams Greenville Central - Simpsonville, SC
Connie Rice & Partners - Greenville, SC Real Estat

Welcome to the rain! You've joined a great place to network, make and meet new friends and discuss lots of interesting topics. I see you are already off to a great start! Stop by if you get a chance. I would love to hear your feedback on our thoughts! Well, have great time and ENJOY. Look forward to seeing you around.

Aug 26, 2008 01:28 AM
Dwayne West
Atlanta Real Estate - Canton, GA
Canton Georgia Real Estate

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.

Aug 26, 2008 03:22 AM
Ginger Ryals
Prudential C Dan Joyner and Young Realtors - Spartanburg, SC

Welcome to Active Rain!! This is a great site to network and share ideas!! Have fun with it!!

Aug 26, 2008 03:32 AM
Nate Blankenship - Spartanburg, SC Realtor
Keller Williams Realty - Spartanburg, SC

Welcome to Active Rain! This is a great site to network, learn and share ideas with others. Have a great day!

Nate

Aug 26, 2008 05:24 AM
Nance Burdette
Keller Williams Realty Partners - Spartanburg, SC

Congratulations on signing on as a new member of ActiveRain. Being a new member myself going on my third week and only posting a few blogs so far I truly see the awsome advantage that this truly can be; and only the beginning of a healthy and wealthy relationship of abundant professionals. Everyone has been so very kind. Hope to see your blogs in the future.   Best of Luck to all of us,  Nance

Aug 26, 2008 04:00 PM
Lorena Westervelt
Van West Realty - Greenville, SC
Co-Founder/Co-Owner

Hello, welcome to Active Rain! This seems like a wonderful environment to network as well as learn from others. I hope you enjoy yourself and participate often in the Active Rain environment!

Aug 27, 2008 12:15 AM
Steve Vennemann-Hennepin-Dakota-Anoka contract for deed property-Ramsey-MN
BoardWalk Premier Realty INC - White Bear Lake, MN

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On behalf Http://www.mnlakeplace.com   we are happy you became a member of action rain and we wanted to welcome you to action rain. It is a very good site to learn and network.

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Aug 27, 2008 01:49 AM
Lori Isaacson
Credit Restoration Consultants - Plantation, FL

Hi Patrick,

On behalf of Credit Restoration Consultants and the 106,200 plus members of ActiveRain, I wish to welcome you to the network.  Should you ever have a question as it relates to bad credit, credit repair, credit restoration, or identity theft, please do not hesitate to contact me.

 Best wishes,

Lori Isaacson

Aug 27, 2008 02:26 AM
Peg Gilliland
Charlottesville Solutions - Charlottesville, VA
Broker, GRI, CDPE

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

Aug 27, 2008 08:55 AM