Southern Idaho Real Estate Market Analysis YTD

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.

Southern Idaho Real Estate Market Analysis

I just complete a market analysis on the Southern Idaho Real Estate Market through July of 2007. As anticipated when we moved to Southern Idaho, the real estate market is much more stable than other parts of the country which experienced such high appreciation during the last years. You will note on the link below that the "Average % of Asking Price for all Homes by County" has remained in the high 98% except for Lincoln County which is affected by the Sun Valley Market more than other counties in this area. The "Total Number of Homes Sold by County" has remained within a couple of units compared to the previous year. Compared to other areas, the numbers are not that high, but will never be as high because of population with-in the State of Idaho. This is why people are moving to Idaho in the first place. The "Total Dollar Volume" has remained about the same in Twin Falls County whereas, Jerome, Gooding and Lincoln Counties have been lower than 2006 throughout the year. The "Average Sold Price" and "Median Sold Price" remain higher in all counties except for Lincoln County which is affected by the Sun Valley real estate market. Finally, the "Average Days on Market" has increased substantially during the 2007 year to date figures. Link: http://www.southernidaho-realestate.com/Information/nar_information/comparison_06_07.html
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.