The Idaho Falls real estate market is diverse with both buyers and sellers alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the Idaho Falls click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at 208.227.5320.
In our last video we brought up the issue of inventory and the fact that we have a shortage in the Idaho Falls area. In fact, the entire market has only 656 homes available. That's typically a level we see in January and February, so it's pretty uncommon to see such low inventory levels right now. If you're thinking about selling, now is the time to get top dollar for your home, as there are fewer homeowners to compete with.
There are a couple myths in the current marketplace that we hope to dispel. The first is that homes don't sell during the winter months. But they actually do. Last year, our sales were off a little bit in December and January, but they saw an increase in February before really accelerating in March.
From a buyer's standpoint, you're going to find that sellers are more prepared during this time. Sellers are very serious about getting their home sold in a timely manner. Negotiating contracts and finding a middle ground that benefits both sides is simply easier to do in the wintertime. This gives the Idaho Falls market a year-round balance.
If you get your home ready for the market (what we call "HGTV condition") and properly price it, you will find a buyer. Your home should be able to sell in 30 to 60 days if you do these simple things. If your home doesn't sell, you have probably missed the market with your pricing. To avoid this, give a local real estate professional a call for help. We have the data and resources necessary to ensure an efficient home sale.
The Idaho Falls market is active year round. Interest rates are still very low, making now a great time for buyers to buy. These conditions are perfect for sellers and buyers to get what they want from a real estate transaction.
If you have any questions about current conditions, or would simply like to discuss your options, don't hesitate to give me a call or shoot me an email. We would love to hear from you!
