Local Real Estate Info 3rd Quarter '08

October 2008

Southeast Idaho

Local Real Estate Information National Turmoil Weakens Local Markets

Residential Sales by County Third Quarter 2007 versus Third Quarter 2008 County

National economic weakness, particularly in the housing sector, is impacting sales in Southeast Idaho.

7/1/2007 9/30/2007 Activity

7/1/2008 9/30/2008 Activity

% Change

Fremont - Island Park, Ashton, St. Anthony* Number Sold

rd

Average Sales Price

In the 3 Quarter, sales fell sharply from the levels of a year ago and prices were essentially flat. Jefferson County continues to be the weakest local area.

Average Sold/List Price Average Days on Market

53

40

-24.53%

$216,663

$218,937

1.05%

95.51%

95.78%

0.85%

123

110

-10.57%

Madison - Sugar City, Rexburg Number Sold

Of note, prices have primarily held which is a major contrast with sharply falling prices nationally. But, much of the activity is in the lower price ranges. Higher price ranges are soft.

92

67

-27.17%

Average Sales Price

$181,735

$182,020

0.16%

Average Sold/List Price

100.18%

95.80%

-4.37%

116

121

4.31%

Average Days on Market

Jefferson - Terreton, Menan, Rigby, Ririe Number Sold Average Sales Price Average Sold/List Price Average Days on Market

105

59

-43.81%

$184,978

$180,363

-2.49%

99.07%

97.14%

-1.95%

108

122

12.96%

Bonneville - Ucon, Iona, Idaho Falls, Ammon, Swan Valley Number Sold Average Sales Price Average Sold/List Price Average Days on Market

501

351

-29.94%

$182,209

$184,260

1.13%

99.31%

98.12%

-1.20%

80

100

25.00%

-32.73%

Bingham - Shelley, Firth, Blackfoot, Fort Hall Number Sold

Southeast Idaho’s Real Estate LeaderK

Average Sales Price Average Sold/List Price

The GOLD Standard SM

Average Days on Market

170 W. Main, Rigby (208) 745-5221 w w w .Rigbyhomes.com (shortly) 400 W . Sunnyside, Idaho Falls (208) 524-2121 or (800) 255-1747 w w w .IFhomes.com

74 $156,824

0.56%

98.16%

97.41%

-0.76%

85

119

10.19%

Source: Snake River Regional MLS database *

859 S. Yellow stone #802, Rexburg (208) 356-0588 or (800) 807-0588 w w w .Rexburghomes.com

110 $155,955

Heavily influenced by Island Park recreational sales

New First-Time Buyer Tax Credit Under the new housing bill passed by Congress, first-time buyers who buy by June 30, 2009 are entitled to a refundable tax credit of 10% of their purchase price up to $7,500. For more information, go to SoutheastIdahoHomes.com.

Named one of the top 500 U.S. real estate companies. Source: RISMedia in 2007 & 2008