Submitted by Anonymous on Wed, 10/31/2007 - 16:47.
Eastern Idaho housing market is doing well
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"We're actually ahead of where we were last year at the same time," according to Jim Windmiller, Greater Idaho Falls Association of Realtors President. The latest real estate data confirms Windmiller’s comment.
In Bonneville County in 2006, according to numbers obtained from the Greater Idaho Falls Association of Realtors, from January through October, there were 1,399 homes sold, a $145,000 median price, a $160,664 average home price, total volume sales of $224 million, and an average of 99 days that a home stayed on the market before being sold.
In 2007, January through October, there were 1,429 homes sold, a $157,000 median price, a $177,062 average home price, total volume sales of $253 million, and an average of 99 days that a home stays on the market before being sold.
But the number that could prevent an overall record year in sales is the number of homes sold lately, in September and October - 189 this year, versus almost 100 more in 2006.
Jim Windmiller said, "I don't have the California and Nevada people buying many homes here anymore. And Californians and others were the ones buying homes of more than $300,000. Their market has come down a lot, so those people are not selling out, moving to Idaho and buying our bigger units."
But the market of homes under $300,000 is as good as any in the country. According to Pocatello analysts, Bannock County is still very strong as well.
In 2006, January through October, there were 1,003 homes sold, an average home price of $142,767, and 89 days was the average homes stayed on the market until sold.
In 2007, January through October, there were 1,022 homes sold, an average home price of $152,058, and a 99 day average.
Source: http://www.kpvi.com/Global/story.asp?S=7288512
In Bonneville County in 2006, according to numbers obtained from the Greater Idaho Falls Association of Realtors, from January through October, there were 1,399 homes sold, a $145,000 median price, a $160,664 average home price, total volume sales of $224 million, and an average of 99 days that a home stayed on the market before being sold.
In 2007, January through October, there were 1,429 homes sold, a $157,000 median price, a $177,062 average home price, total volume sales of $253 million, and an average of 99 days that a home stays on the market before being sold.
But the number that could prevent an overall record year in sales is the number of homes sold lately, in September and October - 189 this year, versus almost 100 more in 2006.
Jim Windmiller said, "I don't have the California and Nevada people buying many homes here anymore. And Californians and others were the ones buying homes of more than $300,000. Their market has come down a lot, so those people are not selling out, moving to Idaho and buying our bigger units."
But the market of homes under $300,000 is as good as any in the country. According to Pocatello analysts, Bannock County is still very strong as well.
In 2006, January through October, there were 1,003 homes sold, an average home price of $142,767, and 89 days was the average homes stayed on the market until sold.
In 2007, January through October, there were 1,022 homes sold, an average home price of $152,058, and a 99 day average.
Source: http://www.kpvi.com/Global/story.asp?S=7288512
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