The real estate market in East Idaho is doing well, 2015 was a good year for the market.  Overall the number of homes sold in East Idaho increased by 22% with some counties like Madison (Rexburg) seeing increases by as much as 33%.  With the continued growth of Brigham Young University-Idaho in Rexburg the market continues to see growth and is having some growing pains with low inventory for buyers.   Idaho Falls increased the number of sales by 25% selling a total of 1806 units which is comprised of single family homes, condos/townhomes and manufactured homes on land.

The other market indicator that is positive the the decreased number of bank owned properties.  In 2015 the total number of bank owned properties that sold was 308 which is 11% of the total sales, this is a significant drop from where the numbers were in the past.   The number of bank owned homes  decreased by 15% compared to the number sold in 2014.

Interest rates are still very low and buyers are ready to buy, if you have been thinking of selling this may be the year to do it.  Contact us for a no obligation comparative market analysis (CMA).

For a printable version of this table click here