Recent Market Trends in Idaho Falls

There are many great Idaho Falls area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (208) 227-5357 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today, we'll discuss the real estate market in Idaho Falls. Overall, we're in a very strong market, but there are a few areas that are standing out.

Right now, we have 3.8 months of inventory. Whenever the market is under 5 months of inventory, it means there are not enough houses on the market to accommodate buyer demand. This is good news for sellers, because as demand rises, so do home values. Buyers can still find houses, but they should be prepared for a more competitive market.

Sales will slow down in the winter, but you still have a good chance to sell your home. Buyers who look for homes in the market tend to be more serious than summer buyers, so there's no need to wait for the spring market to sell your home.

On average, a home spends 83 days on the market, which is very good. Sellers are also getting 98.6% of their asking price.

Now, there are a couple of areas that are particularly strong right now. Homes priced between $150,000 and $175,000 are in high demand. The average days on market for these homes is 66, which is almost a month faster than our county average. The $200,000-$250,000 market is also hot, with 3.5 months of inventory and an average of 72 days on market.

In addition, the 83404 zip code on the south side of Idaho Falls is on fire! That area has 3 months of inventory, and there are only 7 houses for sale built after 1990, and they are priced between $300,0000 and $350,000. I recently had a listing appointment with a seller, and since their home falls within that market, that seller will be able to get more than they would at another time.

As you can see, the market overall is very strong right now, with a few pockets that are on fire. If you have any questions, give us a call or send us an email. We look forward to hearing from you!

About

Anderson Hicks Group gives every client a true "first class" real estate experience. With decades of experience between the members of the team, we are equipped to handle all aspects of a real estate transaction from start to finish. Every detail is meticulously tracked, so we are ready to answer your questions before you even ask.

Our listing agents know the market value of a home better than any other individual because they are analyzing local market trends and home values daily. Our buyer's agents know the inventory in our area better than anyone, because they show properties every day. Better yet, we have the largest selection of "coming soon" properties in the area, so it is possible you may find a home to buy before it ever hits the market.

Anderson Hicks Group takes pride in now providing an "Instant Offer" program. If you need your home sold as quickly as possible, we can buy it! You no longer have to wait for the right buyer to come along.

Your home may be the most valuable asset you ever own. Do you trust it to a person who might know a little bit about a lot of different things? Or do you rely on a team of proven professionals that are experts in every aspect of the process?

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Anderson Hicks Group
Keller Williams Realty East Idaho
3525 Merlin Dr
Idaho Falls, Idaho 83404
(208) 227-5320
Shawn@AndersonHicks.com

What our happy Idaho Falls clients have to say

"We have recently had the pleasure of working with Shawn to sell our home. We were very impressed with Shawn from the first meeting. When he told us about his team and their team approach to selling homes, it just felt so right. They were all awesome -- very knowledgeable, professional, friendly and very responsive to all of our needs.

We were living out of State while the house was on the market and were very impressed that when the appraiser required a pressure extension be put on the water heater, Shawn went shopping for the parts and installed them himself. We definitely saw that as above and beyond the call of duty.

We were very happy with Shawn's performance as a Real Estate Professional and would definitely recommend him to others."

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"I would highly recommend using the Anderson Group. After our initial meeting with Shawn, my wife and I were both impressed and chose Shawn over the other realtors we had met with earlier that day. As a result, we sold our house in less than a week for pretty near what we were asking for it. Shawn and his group made the entire process painless. Aside from keeping the house clean and the lawn mowed, there was very little work on my part. Shawn is very friendly and kknowledgeable. The bottom line, my house sold in less than a week for a price near what I was asking for it. I highly recommend using him and his group."

Click Here To Read Even More Testimonials

1 comment :

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