​The 2nd Quarter numbers are out and the market continues to improve as bank owned and short properties drop off.  This is the 4th consecutive quarter with an increase in activity for the East Idaho Real Estate market.  Generally, the East Idaho market is up 19% compared to last year during the 2nd Quarter with some counties like Madison (Rexburg) seeing a rise of 55% and a 6% increase in the median sales price.  Other markets like Jefferson County (Rigby) was up 26% and Bonneville (Idaho Falls/Ammon) were up 10%.

​Of the properties that sold in Q2 2012 only 20% were bank owned properties, that number is significantly higher than a year ago when 37% of the market was bank owned properties.  The market in East Idaho definitely seems to be strengthening, we are also seeing a lot more sales in the upper end market which was virtually dead the past couple of years.

​Now is still a great time to buy.  Interest Rates are still at all time lows which allows buyers to own a home and have affordable payments or even get 15 year loans with affordable payments.   We have come off the bottom and have seem prices in certain price ranges rise as the supply is lower and the demand has increased.  BYU-Idaho seems to be hiring new faculty which has led to an increased demand of homes in the area.

Click Here for a printable version of the Q2 Stat Sheet.