Idaho Real Estate Trends - A New Way to Look at Idaho Realty

The condo and townhouse sector of the Idaho real estate market appears to be performing quite well. Average sale prices of $200,000 are just 9% under the seller list price. The detached family home market in Idaho real estate isn't fairing nearly so well and in some recent months the average sale price has been as much as 50% below the, perhaps unrealistic, average list price of $315,000.

Over 40% of all listings in the Idaho real estate market are undeveloped lots and land for sale. While some of these properties are city lots, there are also plenty of large parcels available for the creative builder. Both commercial investors and individuals looking for a rural getaway will be tempted by the wide variety of offerings available in Idaho. Some properties can be over 9,000 acres and are listed at a whopping $52 million dollars.

Despite a slow economic recovery, and some minor ups and downs each month, the average list price for Idaho real estate has steadily climbed since the end of 2011. Single family units grew from $290,000 to $335,000 and condos from $180,000 to $232,000. Perhaps these rising prices explain why inventory moves so slowly in this market. On average condos are listed for just under a year and the average house takes over 200 days to sell.