Southeast Idaho January 2010

Local Real Estate Information

Buyer Tax Residential Sales by County
Fourth Quarter of 2008 versus Fourth Quarter of 2009
Credits County 10/1/2008 - 10/1/2009 - % Change
12/31/2008 12/31/2009
Activity Activity
Congress recently
extended the up to Fremont - Island Park, Ashton, St. Anthony*
$8,000 first-time Number Sold 32 45 40.63%
buyer tax credit for homes bought by Average Sales Price $199,502 $195,684 -1.91%
April 30, 2010. To qualify, a buyer Average Sold/List Price 92.44% 92.14% -0.32%
must close by June 30, 2010. Average Days on Market 129 198 53.49%
Madison - Sugar City, Rexburg
Also, an up to $6,500 move-up credit Number Sold 43 43 0.00%
was created for those who have had the Average Sales Price $167,368 $153,790 -8.11%
same principal residence for at least five Average Sold/List Price 98.47% 96.82% -1.68%
of the previous eight years. To qualify, Average Days on Market 149 154 3.36%
a buyer must get under contract on a Jefferson - Terreton, Menan, Rigby, Ririe
new principal residence by April 30th Number Sold 45 72 60.00%
and close by June 30th . Average Sales Price $163,990 $170,292 3.84%

Other requirements apply. See your tax advisor for Average Sold/List Price 96.41% 96.42% 0.01%
more details. Average Days on Market 126 103 -18.25%
Bonneville - Ucon, Iona, Idaho Falls, Ammon, Swan Valley
Number Sold 218 300 37.61%
Average Sales Price $175,052 $168,429 -3.78%

Average Sold/List Price 96.68% 96.95% 0.28%

Average Days on Market 108 121 12.04%
Bingham - Shelley, Firth, Blackfoot, Fort Hall
Number Sold 59 76 28.81%
Average Sales Price $135,513 $138,871 2.48%
Average Sold/List Price 96.74% 95.98% -0.79%
Southeast Idaho’s Average Days on Market 85 122 43.53%

Real Estate LeaderK

Source: Snake River Regional MLS database
Heavily influenced by Island Park recreational sales
The GOLD Standard SM *

859 S. Yellowstone #802, Rexburg

(208) 356-0588 or (800) 807-0588
www.Rexburghomes.com
400 W. Sunnyside, Idaho Falls
(208) 524-2121 or (800) 255-1747
www.IFhomes.com
Bank Foreclosures
A foreclosure property is one where the owner has
fallen behind on payments and the bank has taken
the property back. Nationally, bank foreclosures are
20-30% of all sales. In Southeast Idaho, only about
3% of the homes for sale are bank-owned.

Named one of the top 500 U.S. real estate companies.

Source: RISMedia in 2007 & 2008