A quick update about our market here in Idaho Falls as we enter the second quarter and fully march into the Spring real estate market. The temperature out there is still…HOT!
Homes in the Idaho Falls area remain in high demand, even with the recent rise in interest rates. Median sales prices for single family homes in Bonneville County have increased an astonishing 45% in 1Q21 vs 1Q20! And reflective of the ‘tight inventories’ you keep hearing about, that’s with approx. 100 fewer homes sold this year vs the same period last year.
If you have been considering selling, or wonder what your current home value might be, please call soon while the supply of homes for sale is still low…and beat your competition to the market!
Idaho Falls named Best Performing Small City in 2021 by the Milken Institute
Best-Performing Cities 2021: Foundations for Growth and Recovery
milkeninstitute.org • The Milken Institute’s Best-Performing Cities index tracks the economic performance of approximately 400 US metropolitan statistical areas (MSA). Read More
Idaho Falls could see population boom in next 10 years
postregister.com • City experts expect the new U.S. Census to show Idaho Falls with its usual steady growth of about 1.5 to 2%, but they are bracing for a possible major boom Read More
City of Idaho Falls Awarded Grant to Develop Plans for Innovation District
idahofallsmagazine.com • The City of Idaho Falls has been awarded an economic development grant. Read More
National Real Estate News
Lumber prices top $1,000 for the first time as single-family housing starts drop 12%
cnbc.com Feb 18, 2021 • Consumers want more newly built, affordable homes, but builders are finding that hard to deliver, especially as prices for framing lumber spike ever higher. “The high of $1,004.90 is double the price from just three months ago and a record.” Read More
What Will Real Estate Look Like In 2021? 3 Homebuying Trends You’ll See This Year
forbes.com • Triggered by job and financial changes, the push to stay at home and low interest rates, a record number of people have bought homes during the pandemic, even as a recession lingers and … Read More
Buyer Competition Intensifies: 4 Offers for Every Home Sold in February 2021
nar.realtor • With demand for homes outpacing new listings, buyer competition continues to intensify. Read More
DEADLINE EXTENDED: Idaho Income taxes & Property Tax Circuit Breaker Application Date
Idaho State Tax Commission
idaho.gov • Jump to Latest News » Jump to Quick Picks » The Tax Commission has extended the 2020 Idaho income tax filing and payment deadlines from April 15, 2021, to May 17, 2021, to match the extended … Read More
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