The stats that I reported in January showed the general market improvement for the East Idaho Real Estate market.  The market for the 1st Quarter of this year has continued that trend.  This has been the busiest 1st Quarter for the East Idaho Real Estate market in the past 4 years.  

The median price seem to have dropped from those 1 year ago but I think that tells us that buyers are out there and ready to buy but are just being conservative with the homes they are buying.  Also, there seem to be more investors getting back into the market.  The investors are buying cheaper properties that cash-flow, or even possibly fix up and flip...yes I said flip, that is a term that has not been used in the past couple of years.

The distressed properties are still more than 1/3 of our total sales but are 5% less than 1 year ago.  The bank owned properties only make up 5% of our active inventory but because of the lower than market prices they sell much quicker than a "fair market sale"  Last year the bank owned inventory was above 10% at times.

‚ÄčOverall the Real Estate market for east Idaho is up 22% for the 1st Quarter when compared to the same period last year.   Some counties reported numbers that were nearly flat but others like Madison (Rexburg) as up 44% and Bonneville (Idaho Falls) was up 25%.

‚ÄčThe numbers are encouraging and because of the higher demand for home our inventories have began to drop in some counties, now is not only a good time to buy but may also be a good time to sell.  If you are a homeowner and have been thinking about selling but don't know what your home is worth, click here for a no obligation home evaluation.

For a complete breakdown for all East Idaho Counties Click Here.