Newsletter - 2Q21 - simpLEE HOMEĀ® - Idaho Falls Market news

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.Ā The temperature out there is still…HOT!Ā 

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 haveĀ increasedĀ an astonishingĀ 45%Ā in 1Q21 vs 1Q20! AndĀ 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.Ā 

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 competitionĀ to the market!

Happy Spring!

living room

Idaho Falls named Best Performing Small City in 2021 by the Milken Institute

Best-Performing Cities 2021: Foundations for Growth and Recovery

milkeninstitute.org ā€¢Ā The Milken Instituteā€™s Best-Performing Cities index tracks the economic performance of approximately 400 US metropolitan statistical areas (MSA).Ā Read More

Idaho Falls could see population boom in next 10 years

postregister.com ā€¢Ā 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 boomĀ Read More

City of Idaho Falls Awarded Grant to Develop Plans for Innovation District

idahofallsmagazine.com ā€¢Ā The City of Idaho Falls has been awarded an economic development grant.Ā 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 ā€¢Ā Consumers want more newly built, affordable homes, but builders are finding that hard to deliver, especially as prices for framing lumber spike ever higher.Ā ā€œThe high of $1,004.90 is double the price from just three months ago and a record.ā€Ā Read More

What Will Real Estate Look Like In 2021? 3 Homebuying Trends Youā€™ll See This Year

forbes.com ā€¢Ā 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 …Ā Read More

 

Buyer Competition Intensifies: 4 Offers for Every Home Sold in February 2021

nar.realtor ā€¢Ā With demand for homes outpacing new listings, buyer competition continues to intensify.Ā Read More

DEADLINE EXTENDED: Idaho Income taxes & Property Tax Circuit Breaker Application Date

IDAHO.gov (@IDAHOgov) | Twitter

Idaho State Tax Commission

idaho.gov ā€¢Ā Jump to Latest News Ā» Jump to Quick Picks Ā» 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 …Ā Read More

 

Buying and Selling homes in Eastern Idaho made simple.

VISION: simpLEE HOME is a unique, boutique, lifestyle firm comprised of established REALTORSĀ®Ā who revere the highest level of customer service and ethics, leverage cutting edge technology to free the agents to do what they do best ā€“ work directly with their clientsĀ ā€“and who are actively involved in giving back to the community that supports them.

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