The good news is that many investors accross the country will continue to take notice of this area. This should help to shift money from struggling areas in the U.S. to Idaho Falls. This may not be enough to shelter us from all of the national real estate woes, but should keep us on top of the heap.

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From April through June of this year there were 481 total single family homes sold compared to 489 over the same period in 2006.  Those homes in the second quarter of 2007 spent an average of 79 days on the market while in 2006 they spent an average of 90 days on the market.  The total new listings increased dramatically from 622 in 2006 to 817 in 2007, and the average sales price increased nearly 4 ½ percent to $174,981.

All things considered, Idaho Falls remains a good location to buy or sell real estate with very reasonably priced homes.

Click here to search Idaho Falls homes for sale.

From April through June of this year there were 108 total single family homes sold compared to 82 over the same period in 2006.  Those homes in the second quarter of 2007 spent an average of 100 days on the market while in 2006 they spent an average of 120 days on the market.  The total new listings increased dramatically from 109 in 2006 to 180 in 2007.  The most telling statistic is that the average sales price increased an incredible 21 ½ percent to $197,783.

All things considered, Rigby remains a great location to buy or sell real estate with very reasonably priced homes.

Click here to search Rigby Idaho homes for sale.

 

From April through June of this year there were 48 total single family homes sold compared to 57 over the same period in 2006.  Those homes in the second quarter of 2007 spent an average of 202 days on the market while in 2006 they spent an average of 205 days on the market.  The total new listings remained stable with 107 in 2006 and 111 in 2007.  The most telling statistic is that the average sales price increased an incredible 42 percent to $256,630.

All things considered, Island Park remains a great location to buy or sell real estate.

Click here to search Island Park homes for sale.

From April through June of this year there were 111 total single family homes sold compared to 102 over the same period in 2006.  Those homes in the second quarter of 2007 spent an average of 105 days on the market while in 2006 they spent an average of 114 days on the market.  The total new listings had a significant increase from 130 in 2006 to 161 in 2007.  The most telling statistic is that the average sales price increased an incredible 19 ¾ percent to $168,954.

All things considered, Shelley remains a good location to buy or sell real estate with very reasonably priced homes.

Click here to search Shelley, Idaho homes for sale.

From April through June of this year there were 80 total single family homes sold compared to 64 over the same period in 2006.  Those homes in the second quarter of 2007 spent an average of 114 days on the market while in 2006 they spent an average of 142 days on the market.  The total new listings increased slightly from 118 in 2006 to 104 in 2007, and the average sales price increased nearly 7 ¼ percent to $186,488.

All things considered, Rexburg remains a good location to buy or sell real estate with very reasonably priced homes.

Click here to search Rexburg Idaho homes for sale.

Recently there has been a shift from high-cost areas to markets that are still moderately priced.  This should cause the national median existing-home price to fall approximately 1.3 percent to $219,100 in 2007, and the median new-home price to fall approximately 2.3 percent to $240,800 in 2007.

Nation wide existing-home sales are projected to total 6.18 million in 2007, which is down from 6.48 million in 2006.  New home sales are forecast at 860,000 this year, down from 1.05 million last year.

So, what does this mean for southeast Idaho?  When analyzing the overall national real estate market, its important to keep in mind that home sales are local.  As of June 1, Idaho Falls and its surrounding communities are experiencing close to a 14 percent increase in total sales when compared to 2006.  This should only improve when the national market begins to trend upward.  

Our area is one of those moderately priced communities that is still experiencing high growth.  Look for a strong finish in 2007.

“Everyone looks for a safe, secure place to live,” said Jeff Beyer, senior vice-president and chief communications officer for Farmers. “Whether you are single or raising a family, a secure environment is important. It offers the well-being so necessary to succeed in today’s fast paced world.”

Idaho Falls was not the only city in Idaho that made the list. Coeur d’Alene was ranked #4, and Pocatello was ranked #20 in the small town category, while the Boise-Nampa area was ranked #1 in the most secure large metro areas in the United States.