Bonneville County 2nd Quarter Market Statistics

Published On: July 9, 2009

The latest residential real estate market data is out for Bonneville County (ie. Idaho Falls, Ammon, Ucon, Iona and the Swan Valley area):

 2nd Quarter of 20082nd Quarter of 2009% Change
Number of Homes Sold
 394302 -23.35%Average Sales Price$180,565 $163,389 -9.51%Average Sold/List Price 98.80% 96.71%  -2.12%Average Days on Market  104  125 20.19%
Source: Snake River MLS database


Clearly, the number of sales is off significantly -- nearly 25%.  Unsurprisingly, prices have fallen a bit --- about 10%.  Still, the average seller is still getting about 97% of asking price.

The decline in prices is far less than those seen in hard-hit markets like California, Nevada and Arizona where prices have fallen about 50% from peak levels.  The local decline is about half the level seen in the Boise area.

Part of the reason for the modesty in our price declines is that we never saw the huge price run-ups of some markets.  Another factor is that the local economy, despite recent softness, is still stronger than most parts of the United States.