Market Update Archives - Sabrina Sells Idaho

What’s Going on Near Twin Falls this September?

Buying, Market Update, Relocating, Selling / September 9, 2024

As summer winds down, here is what’s going on near Twin Falls. This month, residents and visitors can enjoy diverse gatherings that celebrate everything from the arts to local food and family fun. Whether you’re looking to experience the charm of the Thousand Springs Festival, get hands-on at the Grape Stomp Harvest Party, or explore unique craft and pet expos, there’s something for everyone. Grab your calendar and get ready to make the most of September with these exciting local events!

Top Things Going on in Twin Falls this Month:

Guppies Hot Rod Grille Sock Hop and Car Show
2024 Exotic Pet Expo
Building an Empowered Woman From the Inside Out
Fall Honey Harvest and Kanaka Craft Fair
Family Fun Day and Car Show
Thousand Springs Festival of the Arts
Holesinsky Annual Grape Stomp Harvest Party

Guppies Hot Rod Grille Sock Hop and Car Show

Time: 6:00 P.M.

Date: Saturday, September 4th

Location: 105 Main St. N, Kimberly

Get ready for an unforgettable evening filled with great food, lively music, and classic cars! Head over to Main St. in Kimberly for a spectacular car show, then enjoy a delicious dinner at Guppies. The fun doesn’t stop there—live music will keep the energy high, and don’t miss out on their exciting 50’s/60’s costume contest. It’s going to be a night to remember!

Steal This!

2024 Exotic Pet Expo

Time: 10:00 A.M. – 4:00 P.M.

Date: September 14-15

Location: Twin Falls County Fairgrounds

Experience Idaho’s Original Exotic Pet Expo, where you’ll find thousands of fascinating creatures all under one roof! From snakes and geckos to chameleons, axolotls, frogs, tarantulas, tortoises, and even unique plants—there’s something for every animal lover. This is a must-see event for anyone curious about the world of exotic pets! Get your tickets now.

Building an Empowered Woman From the Inside Out

Time: 8:00 A.M. – 5:45 P.M.

Date: Wednesday, September 18th

Location: Twin Falls County Fairgrounds

Mark your calendars for an exciting event. This initiative is dedicated to empowering 65 women of all ages by providing them with valuable trade skills and the confidence to take on any project. This year, participants will have the opportunity to learn how to build beds for children in collaboration with Sleep in Heavenly Peace (SHP). The SHP volunteer team will set up an interactive assembly line, and community partners will lead breakout sessions to teach essential fix-it skills and tool knowledge. PWBMV will also be offering scholarships for up to 10 high school female students. Event proceeds will be donated to SHP, with additional scholarship funds available to women of all ages for certifications, hands-on training, tools, apparel, and more. This event is a wonderful opportunity to empower women and support the community.

Fall Honey Harvest and Kanaka Craft Fair

Time: 10:00 A.M. – 2:00 P.M.

Date: Saturday, Septmember 21rst

Location: 1326 River Road, Buhl

Join in the celebration at the first Fall Honey Harvest & Kanaka Craft Fair! This event will showcase the sale of raw, unfiltered honey and a variety of bee-related products. Local artists and bakers will also be featured, offering their unique creations. It promises to be a delightful day filled with honey, delicious food, drinks, and beautiful crafts. Don’t miss out on this sweet autumn gathering!

Family Fun Day and Car Show

Time: 11:00 A.M. – 3:00 P.M.

Date: Saturday, September 21st

Location: Rupert City Square, 551 6th St, Rupert, ID

Looking for a fun and family-friendly event that everyone can enjoy? Look no further! This exciting gathering offers something for people of all ages. Classic car enthusiasts will love the premier parking on the Square, where they can admire a stunning lineup of vintage vehicles. Foodies can indulge in a variety of delicious options from numerous food trucks, ensuring there’s something to satisfy every craving.

But that’s not all—superheroes will be making appearances, adding a touch of magic for the little ones, and there will be plenty of yard games to keep everyone entertained. Don’t miss out on the chance to win big with raffle prize baskets, or explore unique finds at the craft show. Best of all, this event is completely free! It’s the perfect way to spend a day with family and friends, creating memories and enjoying all the fun activities on offer.

Thousand Springs Festival of the Arts

Time: 7:00 P.M.

Date: June 14th – 15th, June 21st- 23rd

Location: Click here to view the properties

Save the date for the Magic Valley Arts Council’s 31st annual Thousand Springs Festival of the Arts on September 28 and 29! Set against the stunning backdrop of Ritter Island at Thousand Springs State Park, this beloved event promises a weekend filled with creativity, music, and outdoor adventure.

Festival-goers will be treated to live performances by over 30 musicians across two stages, ensuring a lively atmosphere throughout the weekend. Savor delicious food and beverages while exploring the diverse array of original artwork by more than 100 talented artists. For those looking to enjoy the natural beauty of the area, canoe and kayak excursions offer the perfect way to experience the scenic surroundings. You can also enjoy the charm of draft horse and mule-drawn wagon rides, or learn something new at the blacksmith and wood-turning demonstrations.

Please note that pets are not allowed at the festival. To ensure your spot at this unforgettable event, be sure to purchase your tickets in advance.

If you’re looking to get involved, consider volunteering! The festival relies on community support, and volunteers can sign up for either or both days of the event through the provided links:

bit.ly/tsfa-saturday

bit.ly/tsfa-sunday

Featured artists this year include pottery by Anna Jackson, West & West Ceramic Works, Masak Pottery, Pots & Knots, BP Pottery, and Colt Kiln & Forge. Don’t miss out on this opportunity to immerse yourself in art, music, and nature at one of the region’s most anticipated events!

Holesinsky Annual Grape Stomp Harvest Party

Time: 12:00 P.M. – 7:00 P.M.

Date: September 28th-29th

Location: Holesinsky Vineyard and Winery, 1498 Valley Steppe Dr., Buhl

Get ready for double the fun at this year’s Annual Grape Stomp Harvest Party, happening on September 28th and 29th! That’s right—two full days of festive activities, delicious food, and live music, perfect for the whole family. Pick your preferred day, grab your tickets, and join in the celebration at the vineyard.

Day One: Saturday, September 28th

Live Music: Enjoy performances by Avery Sologa from 12–4 PM and Jay Miller from 4–7 PM.
Food Trucks: Satisfy your cravings with offerings from El Matador and Pizza Anti.
Activities: Take part in the Grape Stomp, let the kids have a blast in the Bounce House, and get creative with Pumpkin Painting.
Vendors: Browse unique handcrafted adornments from Brass Monkey and Off The West Wind.

Day Two: Sunday, September 29th

Live Music: Groove to the tunes of JJQ Band from 12–4 PM, followed by Aaron Golay and Band from 4–7 PM.
Food Trucks: Enjoy delicious options from El Matador and Pizza Antico.
Activities: In addition to the Grape Stomp and Bounce House, Sunday features a Petting Zoo and a thrilling Mechanical Bull from 3–7 PM.
Vendors: Once again, Brass Monkey and Off The West Wind will be showcasing their unique handcrafted items.

Bring your lawn chairs, relax, and soak in the festive atmosphere of the vineyard. With so much to enjoy over these two days, the Annual Grape Stomp Harvest Party is an event you won’t want to miss!

Hi, I'm Sabrina!

I’m your local Twin Falls real estate agent and soon-to-be friend in real estate! Whether you’re selling or buying, I am here to help my clients achieve their real estate goals. Through strong client advocacy, skillful marketing techniques, exceptional communication, and proven systems, I strive to make my client’s experience as smooth and stress-free as possible.

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Twin Falls Real Estate Market Update July 2024

Buying, Community, Market Update, Relocating, Selling / August 19, 2024

Welcome to the latest update on the Twin Falls real estate market! Whether you’re buying, selling, or just interested in local market trends, I have all the information you need. Let’s dive into the key data points, including residential sales, inventory levels, new listings, average prices, and how long homes are staying on the market.

What You Need to Know About the Twin Falls County Market:

Number of Residential Sales
Months of Inventory (MOI)
New Listings
Average Sales Price
Days on Market

Number of Residential Sales

July 2024 was an active month for the Twin Falls real estate market, with 150 single-family homes sold, showing a strong increase from 86 homes sold in July 2023. This marks a significant year-over-year growth of 74.42%. Existing home sales also surged, with 120 homes sold compared to 70 in July 2023, reflecting a 71.43% increase. Newly constructed homes saw even more impressive growth, with 30 homes sold compared to 16 in July 2023, an 87.5% increase.

Steal This!

Months of Inventory (MOI)

Twin Falls County currently has 3.5 Months of Inventory (MOI). The total active residential listings in July 2024 rose to 378, up from 301 in July 2023. This increase in inventory suggests that buyers have more options available, which could lead to a slightly less competitive market compared to previous months. However, the increase in sales is helping to balance this out, keeping the market dynamic.

New Listings

New listings continue to enter the market at a steady pace, with 378 active residential listings in July 2024, an increase from 301 listings in July 2023. This uptick in new listings reflects the ongoing interest in the Twin Falls market, both from sellers looking to capitalize on favorable conditions and buyers eager to find their ideal home.

Average Sales Price

The average sales price for single-family homes in Twin Falls County has also seen positive movement. In July 2024, the average price was $417,175, a 4.07% increase from $400,857 in July 2023. The average price for existing homes rose by 3.54%, reaching $406,227. Newly constructed homes commanded a higher average price of $460,964, a 5.20% increase from $438,188 in the previous year.

Days on Market

Homes in Twin Falls are selling faster than they did last year. The average days on market (DOM) for all homes in July 2024 was 59 days, down from 66 days in July 2023. Existing homes are moving even quicker, with an average DOM of 49 days compared to 55 days last year. Newly constructed homes are taking slightly longer, with an average DOM of 101 days, though this is an improvement from 110 days in July 2023.

The Twin Falls real estate market continues to show robust growth, with significant increases in both sales and prices. The market remains active, with more homes coming onto the market, and selling faster than in the last couple of years.

Whether you’re looking to buy or sell, staying informed about these trends will help you navigate the market effectively. Stay in the know with my monthly newsletter!

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Moving Near Twin Falls, ID? Here’s June’s Real Estate update

Buhl, Buying, Filer, Kimberly, Market Update, Relocating, Selling, Twin Falls / July 22, 2024

If you have had your eye on the real estate market and are considering moving near Twin Falls, ID, I have the latest news on what happened in June in the housing market. Keep reading to learn everything from the number of homes sold to market predictions, giving you a clear picture of what’s happening. Let’s dive in and see what the numbers reveal about our market!

What You Need to Know About the Twin Falls County Market:

Number of Residential Sales
Months of Inventory (MOI)
New Listings
Average Sales Price
Days on Market

Number of Residential Sales

In June 2024, Twin Falls County saw a total of 112 single-family homes sold, a slight decrease from the 121 homes sold in June 2023. This represents a year-over-year decline of 7.44%. Breaking it down further, 90 existing homes were sold, compared to 106 in June 2023, marking a significant decrease of 15.09%. Conversely, newly constructed home sales increased by 46.67%, with 22 homes sold compared to 15 in the same month last year.

Steal This!

Months of Inventory (MOI)

The months of inventory, a crucial indicator of market balance, reflects how long it would take to sell all current listings at the current sales pace. For June 2024, the total active residential listings stood at 339, up from 294 in June 2023. With the slower sales pace and increased listings, the MOI has slightly increased, indicating a shift towards a balanced market.

New Listings

In June 2024, there were 339 new residential listings in Twin Falls County, compared to 294 in June 2023. This increase in new listings, along with a decrease in sales, is providing people moving near Twin Falls with more options and potentially greater negotiating power than they’ve seen in the last few years.

Average Sales Price

The average sales price for single-family homes in Twin Falls County saw a slight increase. For June 2024, the average price was $400,439, a modest rise from $383,202 in June 2023, reflecting a year-over-year increase of 4.5%. For existing homes, the average price increased by 3.28%, from $386,423 to $398,138. Newly constructed homes experienced a slight decrease in average price, down 2.27% year-over-year. However, this is likely because of a lot of new construction availble this year that is more budget friendly.

Days on Market

The average days on market (DOM) for homes in Twin Falls County varied between existing and newly constructed homes. Overall, homes sold in June 2024 had an average DOM of 49 days, compared to 67 days in June 2023, indicating quicker sales. Specifically, existing homes had an average DOM of 38 days, a reduction from 57 days the previous year. Newly constructed homes, however, took longer to sell, with an average DOM of 96 days compared to 111 days in June 2023.

The real estate market in Twin Falls County is showing signs of transitioning towards a more balanced market, with an increase in inventory and new listings, coupled with a slight decrease in the number of homes sold. Despite this, average sales prices remain relatively stable, and the days on market have decreased for existing homes, indicating that well-priced properties still attract quick interest. For moving near Twin Falls, understanding these market dynamics will be crucial in making informed decisions.

Stay tuned for further updates and detailed analyses as I continue to monitor the trends in the Twin Falls real estate market.

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Twin Falls County Real Estate Market Update: May 2024

Buhl, Buying, Filer, Kimberly, Market Update, Relocating, Selling, Twin Falls / June 17, 2024

Do you live in Twin Falls or are interested in relocating here? Here is what happened in the Twin Falls housing market in May: Home sales surged throughout Twin Falls and the surrounding Magic Valley. With school out and summer almost officially here, the peak of the buying and selling season has arrived.

Stay tuned to gain valuable insights that will help you develop a strategy for your moving goals and understand how the current market could affect you, whether you’re considering buying or selling in 2024.

What You Need to Know About the Twin Falls Housing Market:

Number of Residential Sales
Months of Inventory (MOI)
New Listings
Average Sales Price
Days on Market

Number of Residential Sales

Home sales skyrocketed in May with 120 homes sold in Twin Falls County. This number is up 23.71% from May 2023 and has helped balance out the overall number of sales year-to-date (YTD), bringing it to about even with last year. Despite national news reporting a dramatic decline in home sale numbers, here in Twin Falls County, we are down only about 1.53% in total sales so far, with a total of 452 homes sold YTD. Only time can continue to tell where we’ll be by the end of the year, but this is a good sign for our local market.

Steal This!

Months of Inventory (MOI)

With the influx of sales, we observed a slight increase in the Months of Inventory (MOI). We are still in a seller’s market, with approximately 3.37 months of inventory. The MOI is a reliable indicator of market health and trends. We have consistently seen the MOI remain below 4 months, often closer to around 3 months. This consistently shows that we don’t have enough inventory to meet demand, favoring sellers in the market.

New Listings

May was a significant month for new listings, with 207 new homes hitting the market in Twin Falls County. If you’re a buyer disappointed by the lack of available options, this might be the opportunity you’ve been waiting for. New listings in May increased by 48% from April 2024. Even better news for buyers: rates are nearly the lowest they’ve been in 30 days, and even begin with a 6. The Federal Reserve is meeting this month, and we can expect to learn more about where rates will head for the rest of the year.

Average Sales Price

The average sales price year-to-date in May was $399,521, reflecting a 5.75% increase from May 2023 when the average sales price in Twin Falls County was $377,812.

Home prices vary significantly depending on which of the eight towns you live in. Generally, the further you are from the city of Twin Falls, the more affordable the home prices. For example, the average cost of a home sold in Buhl or Castleford in May was $314,967. The most expensive area to purchase in Twin Falls County is the Kimberly, Hansen, and Murtaugh area, with an average sales price in May of $496,872. This higher price is largely due to the vast amount of new construction in the area.

Days on Market

In May, the average days on the market (DOM) was 59, while the year-to-date average was 72. However, the median DOM for Twin Falls County in May was just 31 days.

Homes that are properly priced and marketed continue to sell quickly. While the market isn’t as fast-paced as it was during the pandemic, it remains highly competitive.

Please remember that this is general information and should be taken with a grain of salt. As always, I’m here to answer your questions. Feel free to reach out any time—I’d be happy to discuss your real estate goals and explore how we can achieve them together.

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Twin Falls County Real Estate Market Update: April 2024

Buhl, Community, Filer, Kimberly, Market Update, Relocating, Selling, Twin Falls / May 13, 2024

Are you a homeowner in Twin Falls County- or interested in becoming one? Here is the information you’ll need about what happened in the real estate market in April 2024. Competition and prices are on the increase, and days on the market are on the decrease. Don’t miss out on learning more about reducing the cost of your mortgage or getting a lower rate, make sure you read until the end!

What You Need to Know About the Twin Falls County Market:

Number of Residential Sales
Months of Inventory (MOI)
New Listings
Average Sales Price
Days on Market

Number of Residential Sales

April continued the trend of the downward number of sales in Twin Falls County this year. For April, there were a total of 92 single-family homes sold in Twin Falls County, down 12.38% from April last year, which had 105 homes sold. Year-to-date (YTD) sales are down 8.29% from 2023.

Interest rates continue to increase as inflation remains elevated. Because of the higher rates and high property values, a lot of the people in today’s market are people who have to move or first-timers. Despite the number of residential sales being down, property values are continuing to rise- I’ll get more into that later.

Steal This!

Months of Inventory (MOI)

Twin Falls County is currently experiencing a seller’s market, with only 2.9 months’ worth of inventory available. The months of inventory refer to the amount of time it would take for all the homes on the market to be absorbed, assuming no new homes were listed. Although some seller compensations are being offered at certain price points in the area, many homes are still receiving multiple offers, particularly those that fall within the $200,000-$400,000 price range.

New Listings

In April, Twin Falls County had 139 new listings on the market, of which 58 have sold or gone pending. Homes that are well-maintained, located in a good area, and priced appropriately are selling quickly. If you’re planning on selling your home this spring or summer, it’s crucial to take the time to prepare your home properly and partner with someone who has a great marketing plan. In today’s market, this will often result in a quick sale.

If you are planning to purchase a property, it is crucial to plan for a successful experience. Before beginning your home shopping, take the time to compare lenders. With current interest rates, it is essential to review the different programs that lenders are offering and compare their fee structures. This will help you make an informed decision when selecting a lender and ensure that you get the best possible deal. I have seen lenders recently offering credits for their fees, rate relief programs, and more. I’m happy to provide you with these lenders’ information.

Also, if you can get your loan underwritten upfront, this will help your offer stand out when you’re ready. Of the 92 homes sold in April, 22 were cash deals. Having your loan underwritten upfront will help you be as competitive as possible.

Average Sales Price

The average sales price YTD in April was $396, 464. This number is up 7.54% from April 2023 when the average sales price in Twin Falls County was $360,341. Property values continue to increase month after month in the Magic Valley.

Days on Market

The average days on the market (DOM) in April was 56, while year-to-date was 77. However, if you look at the 92 homes sold in April, 49 of which were between $200,000-$400,000. The average days on the market for these homes was 40, while the median was just 11. The market is moving quick- especially for homes under $400,000.

As always, this market update is an general overview of things going on. Everybody has their own situation, and I am happy to take the time to learn more about your real estate goals and show you how I can help make them happen. You can set up a no-pressure phone call here.

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Twin Falls County Real Estate Market Update: April 2024 Read More »

Market Update

Top Things Going on in Twin Falls this Month:

Guppies Hot Rod Grille Sock Hop and Car Show

Steal This!

2024 Exotic Pet Expo

Building an Empowered Woman From the Inside Out

Fall Honey Harvest and Kanaka Craft Fair

Family Fun Day and Car Show

Thousand Springs Festival of the Arts

Holesinsky Annual Grape Stomp Harvest Party

Hi, I'm Sabrina!

Sign Up!

Get Monthly Updates

Recent Articles

Top Categories

What You Need to Know About the Twin Falls County Market:

Number of Residential Sales

Steal This!

Months of Inventory (MOI)

New Listings

Average Sales Price

Days on Market﻿

Hi, I'm Sabrina!

Sign Up!

Get Monthly Updates

Recent Articles

Top Categories

What You Need to Know About the Twin Falls County Market:

Number of Residential Sales

Steal This!

Months of Inventory (MOI)

New Listings

Average Sales Price

Days on Market﻿

Hi, I'm Sabrina!

Sign Up!

Get Monthly Updates

Recent Articles

Top Categories

What You Need to Know About the Twin Falls Housing Market:

Number of Residential Sales

Steal This!

Months of Inventory (MOI)

New Listings

Average Sales Price

Days on Market﻿

Hi, I'm Sabrina!

Sign Up!

Get Monthly Updates

Recent Articles

Top Categories

What You Need to Know About the Twin Falls County Market:

Number of Residential Sales

Steal This!

Months of Inventory (MOI)

New Listings

Average Sales Price

Days on Market﻿

Hi, I'm Sabrina!

Sign Up!

Get Monthly Updates

Recent Articles

Top Categories

Days on Market

Days on Market

Days on Market

Days on Market