How's the Market?

Hello Idaho Falls!

A very brief intro, in case you have found this page from some way other than a link from my website. I am Chris Pelkola, a REALTOR® with RE/MAX Homestead Realty in Idaho Falls, ID. AND I am kicking off my first blog, ever! This space will contain thoughts on the local real estate market for Bonneville and Jefferson Counties (the areas I service), statistics and probably just a little bit about life in Idaho Falls thrown in here and there. If you have not seen my website, please visit www.IFListings.com, where you will find more local info, be able to search the local MLS listings, and plan your weekends by checking out my NEW Live Music Calendar for Idaho Falls - sweet! So, here we go, and watch this space!!

To start off, here is a quote from our local MLS Board President regarding the current status of our market vs what we hear in the news. Please note, every market differs - the idea of the local market is just that - it's 'local!' And in the Idaho Falls area, the market is still strong. Keep checking back, I will be posting some stats for all you engineers (and the rest of us too)!
:-)
____________
"Contrary to what you hear in the press, the market in Bonneville County
is great. 2006 was our biggest year ever. Last year we were within 20 home
sales of matching that volume. The average sales price increased more than
10%, and inventory is still within normal ranges. Mortgage rates are
nearing the low rates we had two years ago. Real Estate is still the best
financial investment. It is a great time to buy and sell real estate."
- 2008 Greater Idaho Falls Association of REALTORS® President, Stephen Hatch