Southeast Idaho April 2010

Local Real Estate Information

Buyer Tax Residential Sales by County
First Quarter of 2009 versus First Quarter of 2010
Credits County 1/1/2009 - 1/1/2010 - % Change
3/31/2009 3/31/2010
Activity Activity
Congress
extended the Fremont - Island Park, Ashton, St. Anthony*
up to $8,000 Number Sold 16 18 12.50%
first-time buyer Average Sales Price $159,820 $187,536 17.34%
tax credit for homes bought by April 30, Average Sold/List Price 92.48% 91.76% -0.78%
2010. To qualify, a buyer must close by Average Days on Market 113 220 94.69%
June 30, 2010. Madison - Sugar City, Rexburg
Number Sold 28 29 3.57%
Also, an up to $6,500 move-up credit Average Sales Price $204,037 $187,262 -8.22%
was created for those who have had the Average Sold/List Price 97.24% 97.67% 0.44%
same principal residence for at least five Average Days on Market 194 172 -11.34%
of the previous eight years. To qualify, Jefferson - Terreton, Menan, Rigby, Ririe
a buyer must get under contract on a Number Sold 40 36 -10.00%
new principal residence by April 30th Average Sales Price $165,130 $178,374 8.02%
and close by June 30th . Average Sold/List Price 94.46% 97.98% 3.73%

Other requirements apply. See your tax advisor for Average Days on Market 147 112 -23.81%
more details. Bonneville - Ucon, Iona, Idaho Falls, Ammon, Swan Valley
Number Sold 186 220 18.28%
Average Sales Price $166,821 $158,449 -5.02%

Average Sold/List Price 96.53% 95.87% -0.68%

Average Days on Market 134 121 -9.70%
Bingham - Shelley, Firth, Blackfoot, Fort Hall
Number Sold 43 34 -20.93%
Average Sales Price $135,624 $126,662 -6.61%
Average Sold/List Price 95.85% 97.93% 2.17%

The GOLD Standard SM Average Days on Market 121 77 -36.36%

Source: Snake River Regional MLS database

* Heavily influenced by Island Park recreational sales

859 S. Yellowstone #802, Rexburg

(208) 356-0588
www.Rexburghomes.com Bank Foreclosures
A foreclosure property is one where the owner has
700 S. Woodruff, Idaho Falls fallen behind on payments and the bank has taken
(208) 524-2121 or (208) 535-0350
www.IFhomes.com
the property back. The bank then sells the property
at what it believes is market value, typically by
having an appraisal or broker price opinion done.