So I just did a market study for our area to present to the Magic Valley business folks that head up our economic development needs and here is what came from that study.
Since the 2008 market crash we showed no to very little growth in residential home sales and pricing up to 2013. Then the economy began a slow regrowth and became what is today another booming housing market! Growth since 2009 as been a 26% jump in home values in the Mini-Cassia area. New home builds are way up and our older home market is now in the $120.00 per sq. ft. price range and up! A little concerning to me as I watched and went through the 2001 J.R. Simplot shut down and 695 jobs lost to the 2008 crash and it would appear we may be headed into another one! But wait....mortgage interest rates are rising some and are now at around 4.5% with an expected hike next month. What does this mean? It means it might be a really good time to buy, before it goes up again, and a very good time to sell!
If you have any questions regarding home buying or selling please give us a call.
Lloyd Smith Broker/Owner
Mountain West Realty 208-431-2930
Author:Lloyd Smith Phone: 208-431-2930 Dated: August 22nd 2018 Views: 109 About Lloyd: I have been a real estate agent since 1994 and broker/owner of Mountain West Realty since 1996. My p...
View our latest blog posts in your RSS reader. Click here to access.
Mountain West Realty, Inc. has been specializing in detailed care for clients and customers since 1994. We take great pride in the details of helping you sell your home, buy a home, invest in property of all kinds and commercial sales and investments. We live in the rugged yet romantic western lifestyle with farming and ranching our core, and yet, we are becoming more diversified with technology and cultural changes. The Snake river and surrounding mountains and canyons offer many opportunities for outdoor enjoyment, from hunting and fishing to water and snow sports, biking, hiking, climbing and even base jumping off the Perrine Bridge in Twin Falls.
Please allow us to assist you in your first, or next home move! We are experienced, knowledgeable, trained and most importantly, caring of your wants and needs.
"I would recommend Lloyd Smith to anyone looking to buy a home. First time or not. He is amazing!! He helped walk me through the entire process and made sure I understood what I was getting into. He was always there for me and answered all of my questions. Even after the sell he took the time to make sure all my needs were met. He is such an amazing relator that my lender even took notice of how timely he was with all the documents. I will continue to tell people just how wonderful he is!!