Southeast Idaho Summer 2008

Local Real Estate Information

What It Takes to Get a Residential Sales by County
Home Sold Today Second Quarter 2007 versus Second Quarter 2008

County 4/1/2007 - 4/1/2008 - % Change

6/30/2007 6/30/2008
As of July, it would take 10.75 months Activity Activity
to sell the homes currently on the
Fremont - Island Park, Ashton, St. Anthony*
market in our area. Historically, our
Number Sold 61 26 -57.38%
inventories have been 8-9 months
Average Sales Price $223,976 $232,779 3.93%
worth.
Average Sold/List Price 95.97% 96.79% 0.85%

In this environment, a home must Average Days on Market 188 156 -17.02%

shine. Worn carpet should be Madison - Sugar City, Rexburg

replaced, clutter eliminated and sellers Number Sold 85 49 -42.35%

should carefully consider adding buyer Average Sales Price $184,099 $195,677 6.29%
benefits such as closing cost assistance Average Sold/List Price 99.25% 101.15% 1.91%
or a home warranty. Price is critical. Average Days on Market 96 142 47.92%
The best spot is at market price or a bit Jefferson - Terreton, Menan, Rigby, Ririe
below. Number Sold 131 69 -47.33%
Average Sales Price $183,690 $177,326 -3.46%

Average Sold/List Price 99.00% 97.90% -1.11%

Average Days on Market 103 140 35.92%
Bonneville - Ucon, Iona, Idaho Falls, Ammon, Swan Valley
Number Sold 508 388 -23.62%
Average Sales Price $170,471 $180,784 6.05%

Average Sold/List Price 99.13% 98.72% -0.41%

Average Days on Market 74 101 36.49%
Bingham - Shelley, Firth, Blackfoot, Fort Hall

Southeast Idaho’s Number Sold 130 99 -23.85%

Average Sales Price $161,292 $144,748 -10.26%
Real Estate LeaderK
Average Sold/List Price 99.38% 97.41% -1.98%
Average Days on Market 108 119 10.19%
The GOLD Standard SM
Source: Snake River Regional MLS database
* Heavily influenced by Island Park recreational sales
859 S. Yellow stone #802, Rexburg
(208) 356-0588 or (800) 807-0588
w w w .Rexburghomes.com New First-Time Buyer Tax Credit
170 W. Main, Rigby Under the new housing bill passed by Congress,
(208) 745-5221 first-time buyers who buy by June 30, 2009 are
w w w .Rigbyhomes.com (shortly) entitled to a refundable tax credit of 10% of their
400 W . Sunnyside, Idaho Falls purchase price, up to $3,750 for a single taxpayer
(208) 524-2121 or (800) 255-1747 or $7,500 for a couple filing jointly. For more
w w w .IFhomes.com information, go to SoutheastIdahoHomes.com.

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

Source: RISMedia in 2007 & 2008