Market Update Archives - Sabrina Sells Idaho

Twin Falls Housing Market: January 2025 Update

Buying, Market Update, Relocating, Selling, Twin Falls / February 17, 2025

The Twin Falls housing market is off to a strong start in 2025, showing steady growth in home sales, rising prices, and a competitive inventory landscape. While the market remains favorable for sellers, buyers are still finding opportunities—especially in the new construction sector.

If you plan to buy or sell a home this year, understanding these market trends will help you make informed decisions. Let’s break down the latest data and what it means for you.

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

January 2025 recorded 75 home sales, an 8.7% increase compared to January 2024. More buyers are entering the market despite seasonal trends that usually bring slower activity.

What This Means:

•For Buyers: The market remains competitive, meaning desirable homes won’t last long. Having financing in place and working with an experienced agent can help you stay ahead.

•For Sellers: More sales indicate continued demand, making this a great time to list your home while buyer activity remains high. A well-priced, well-presented home could attract multiple offers.

Steal This!

Months of Inventory (MOI)

With 309 active residential listings and 2.87 Months of Inventory, the Twin Falls housing market continues to lean in favor of sellers. While inventory has increased slightly compared to December, buyer demand remains strong enough to keep the market competitive.

What This Means:

•For Buyers: With inventory still limited, expect competition for well-priced homes. Expanding your search criteria, acting quickly, and having a pre-approval in place can improve your chances of securing a home.

•For Sellers: A low inventory market means less competition and more motivated buyers. However, as more homes come onto the market in the spring, early-year sellers may benefit from listing now.

New Listings

•New Construction Listings: 96 new homes, staying consistent with last year.

•Existing Home Listings: 213 active listings, a slight increase from January 2024.

While this increase is promising, it’s still not enough to shift the market toward buyers just yet. Inventory remains lower than historical averages, keeping conditions favorable for sellers.

What This Means:

•For Buyers: A slight increase in listings means more choices, but competition remains strong. Be prepared to make quick decisions and consider new construction options.

•For Sellers: More listings mean more competition, so strategic pricing and home presentation are key. The homes that sell fastest are well-staged, well-marketed, and competitively priced.

Average Sales Price

• Overall Average Price: $416,966, up 5.6% year-over-year.

•Existing Homes: $421,822, up 12.3%, showing strong appreciation.

•New Construction: $400,397, down 15% compared to last year.

Interestingly, the drop in new construction prices suggests that builders have been adjusting their pricing strategies to attract buyers, including offering smaller homes and lot options.

What This Means:

•For Buyers: Prices are rising, making early 2025 a better time to buy before further appreciation. New construction homes may offer better deals or builder incentives.

•For Sellers: Rising prices mean stronger equity. If you’re considering selling, now could be a great time to capitalize on increased home values.

Days on Market

• Overall Days on Market (DOM): 69 days, down from 81 last January.

•Existing Homes: 65 days, up slightly from 57 days in January 2024.

•New Construction: 83 days, significantly lower than the 173-day average from last year.

This decline in market time, particularly for new construction, shows that homes are moving faster than before, reinforcing strong demand.

What This Means:

•For Buyers: Act decisively when you find the right home—delaying could mean missing out.

•For Sellers: Faster market times indicate healthy buyer activity, but homes that linger may need price adjustments or better marketing strategies.

Thinking of Buying or Selling? Let’s Talk!

The Twin Falls housing market remains dynamic, and whether you’re buying or selling, having an expert on your side makes all the difference.

Ready to make a move? Let’s connect and discuss how we can achieve your real estate goals in 2025!

*Statistics and data from IMLS.

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, Idaho Real Estate Market Snapshot for December 2024

Buying, Market Update, Relocating, Selling, Twin Falls / January 20, 2025

With 2024 behind us, the Twin Falls, Idaho real estate market ended the year with some exciting trends. Whether you’re thinking about buying your dream home or preparing to sell in the new year, understanding these trends can give you the edge you need. Let’s dive into the latest numbers and what they mean for buyers and sellers alike.

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

December 2024 saw 94 homes sold, a staggering 51.6% increase from the same time last year. Year-to-date, sales have climbed 10.1% compared to 2023—a clear sign that the Twin Falls market is alive and thriving.

•For Buyers: This surge in sales means competition is fierce. If you’re eyeing a property, be prepared to move quickly and make strong offers.

•For Sellers: More sales mean more demand! This is fantastic news for anyone considering listing their home. A hot market can lead to quicker sales and possibly multiple offers.

Steal This!

Months of Inventory (MOI)

The Twin Falls, Idaho real estate market currently has 3.11 months of inventory, keeping Twin Falls in a seller’s market. While inventory remains tight, there’s a healthy balance that benefits both sides.

•For Buyers: While inventory is limited, it’s not impossible to find a home that is a great fit. Work closely with your agent to identify opportunities and act fast when you find “the one.”

•For Sellers: A low MOI gives you the upper hand. Buyers are motivated, and the right pricing strategy can help you make the most of this momentum.

New Listings

Newly constructed residential listings dropped by 21.7% compared to last year, and existing home listings were down slightly by 2%. That’s fewer homes coming onto the market, making every listing more valuable.

•For Buyers: With fewer homes available, patience and flexibility are your best tools. You may need to broaden your search or consider slightly older homes with charm and character.

•For Sellers: Fewer new listings mean less competition for your home. Now’s could be the time to shine—stage your home and price it competitively to stand out.

Average Sales Price

The average sales price hit $402,807 in December, marking an 11.8% increase year-over-year. Newly constructed homes came in higher at $440,569, while existing homes averaged $393,863.

•For Buyers: Rising prices can be daunting, but it’s important to see this as an investment in your future. Work with your lender to secure competitive rates and make a plan to maximize your buying power.

•For Sellers: Higher prices mean bigger returns. This is a great time to leverage your home’s equity. Focus on minor upgrades or staging to maximize your profit potential.

Days on Market

On average, homes spent 70 days on the market in December, compared to 64 days last year. Newly built homes took longer at 78 days, while existing homes averaged 68 days.

•For Buyers: Homes lingering a bit longer can be an opportunity for you to negotiate. However, desirable properties are still moving quickly, so stay alert!

•For Sellers: Don’t panic about slightly longer timelines. Buyers are becoming more deliberate, but a well-prepared home will still sell. Work with your agent to ensure your listing is positioned perfectly.

What It All Means for You

The Twin Falls, Idaho real estate market remains strong, with opportunities for both buyers and sellers. Buyers should be prepared to act quickly and decisively, while sellers can take advantage of strong demand and rising prices.

Whether you’re ready to make a move now or just starting to plan for the future, having the right partner by your side can make all the difference. Let’s make 2025 the year you achieve your real estate goals!

Ready to dive into the market? Contact Sabrina at Sabrina Sells Idaho for expert advice tailored to your unique situation.

*Statistics and data from IMLS.

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Twin Falls, Idaho Real Estate Market Snapshot for December 2024 Read More »

Twin Falls Real Estate Market Snapshot: November 2024

Buying, Market Update, Relocating, Selling, Twin Falls / December 23, 2024

As we close in on the end of the year, the Twin Falls real estate market remains strong and competitive. Sales are up, inventory is tight, and home prices continue steadily climbing. If you’re considering buying, selling, or just staying informed, this update will give you the insights you need to make confident decisions in today’s market.

Let’s break down what happened in November and what it means for buyers, sellers, and anyone keeping a close eye on the Twin Falls housing 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

•Existing Homes: 74 homes sold, a 7.25% increase compared to last year.

•Newly Constructed Homes: 19 sales—up 58% from November 2023.

What This Means:

The market remains active, with more buyers stepping up despite seasonal slowdowns that typically happen around this time of year. What’s particularly interesting is the surge in new construction sales, showing that buyers are willing to pay a premium for modern features and move-in-ready homes.

Sellers: If you’ve been on the fence about listing, this steady demand is a clear green light. Buyers are out there, and they’re ready to make a move.

Buyers: Competition is still strong, so if you find a home you love, be ready to act quickly. Partner with an agent, get pre-approved, and make strong, realistic offers.

Steal This!

Months of Inventory (MOI)

As of November 2024, Twin Falls is in a seller’s market, with a Months of Inventory (MOI) at 3.43. MOI measures how long it would take to sell all available homes if no new listings were added. A balanced market typically has 5-7 months of inventory, so this lower figure highlights strong demand and limited housing supply. With MOI down 10.68% month over month, homes are selling faster, putting sellers in a favorable position.

For buyers, this means acting quickly and preparing competitive offers. For sellers, it’s an opportunity to maximize returns. Twin Falls continues to show signs of a thriving real estate market.

New Listings

•New Construction Listings: 10 new construction homes hit the market.

•New Existing Listings: 61 new pre-existing homes hit the market.

Builders are doing their part to add inventory to the market, which is great news for buyers looking for modern layouts and energy-efficient options. However, the supply of existing homes remains limited, giving sellers the upper hand.

If you’re a seller with an existing home, the combination of low competition and high demand means you have an excellent chance of securing a great price and favorable terms.

Buyers, keep new construction on your radar—these homes often come with warranties, updated finishes, and more flexible timelines compared to existing properties.

Average Sales Price

•Existing Homes: The average price climbed to $399,452, a 9.17% increase compared to last year.

•New Construction: The average price hit $457,837, up 12.94% year-over-year.

The numbers don’t lie—prices are appreciating steadily. For sellers, this means you’ve likely gained significant equity over the past year. For buyers, it’s a signal to act sooner rather than later, as waiting could mean higher prices and potentially higher mortgage costs.

Sellers: This is a prime time to capitalize on your home’s appreciation. Listing now allows you to the opportunity to take advantage of strong buyer demand and rising values.

Buyers: If you’re on the fence, waiting may cost you. Home values are trending upward, so buying now could save you thousands down the road.

Days on Market

Existing Homes: Homes are selling in an average of 55 days—holding steady compared to last year.

•New Construction: The average sits at 109 days, giving buyers a little more breathing room.

What this tells us is that homes—especially existing ones—are still moving efficiently. For sellers, pricing your home correctly and making it show-ready can ensure you attract buyers quickly.

For buyers, if you’re considering a newly constructed home, you may have a bit more time to make a decision. Builders are also more likely to offer incentives like closing cost assistance or rate buy-downs to sweeten the deal.

Final Thoughts

For Buyers:

•Be ready for competition: Existing homes are selling quickly, and inventory remains tight. Work with your agent, get pre-approved, and act decisively.

•Explore new construction: Builders are adding inventory, and you may find incentives or less competition compared to existing homes.

•Don’t wait: Prices are climbing steadily. Buying now protects you from higher home values and potential mortgage rate changes.

For Sellers:

•Take advantage of low inventory: With fewer homes available, you’re in a great position to sell quickly and at a strong price.

•Price it right: A well-priced home attracts more buyers, potentially leading to multiple offers.

•Preparation matters: Staging your home, decluttering, and making small improvements can make a big difference in market time and offer quality.

The Twin Falls real estate market has remained strong throughout 2024, with rising sales, higher prices, and limited inventory creating a competitive environment. Sellers are in an excellent position to maximize their returns, while buyers need to stay prepared, decisive, and informed to succeed.

Whether you’re buying, selling, or just curious about what’s happening in the market, staying on top of trends can help you make the best decisions for your future.

If you’re ready to make a move or want more insights on how these trends affect you, don’t hesitate to reach out—I’m here to help you every step of the way.

Hi, I'm Sabrina!

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Twin Falls Real Estate Market Snapshot: November 2024 Read More »

Twin Falls Real Estate Market Update: October 2024

Buying, Market Update, Relocating, Selling, Twin Falls / November 18, 2024

This October, a balance of increasing inventory and strong demand describes the Twin Falls real estate market. This dynamic environment influences prices, sales activity, and buyer and seller expectations across existing and newly constructed homes. Below is a closer look at the data and what it means if you’re considering entering or already in 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

•Total single-family homes sold: 103, a notable 15.7% increase from October 2023’s 89 sales.

•Existing homes sold: 91, an increase of about 23% from the previous year’s 74 sales.

•Newly constructed homes sold: 12, reflecting a 20% decrease from October 2023’s 15 sales.

This rise in existing home sales points to a strong preference for established neighborhoods, possibly driven by price sensitivity as average prices continue to rise. New construction, meanwhile, saw a decrease, suggesting that higher costs in construction and materials may be making newly built homes less attractive to budget-conscious buyers. Buyers may see greater affordability in existing homes, while sellers can leverage the demand for resale properties.

Steal This!

Months of Inventory (MOI)

•Current MOI: 3.61, a slight decrease of 4.7% from the previous month and 2.4% lower than October 2023.

The current MOI of 3.61 months indicates that if no new homes were listed, it would take just over 3.5 months to sell through the current inventory at the existing sales pace. While a balanced market typically has around 4-6 months of inventory, this slightly lower MOI still reflects a seller-favorable environment, though with increasing options for home buyers.

The minor decrease from last month suggests that demand remains strong, but inventory is gradually catching up. This leveling out can benefit buyers by providing more choices- while sellers still enjoy a competitive market. If inventory continues to grow in the coming months, we might see a shift toward a more balanced market.

New Listings

•Total active residential listings: 385, up from 348 in October 2023, indicating increased seller activity.

•Newly constructed listings: 91, a slight increase from 90 listings last year.

•Existing home listings: 294, growing from 258 in October 2023.

The boost in new listings suggests that sellers are confident in market stability, leading them to list their properties. This trend benefits buyers by providing them with more options while balancing out the market dynamics slightly. If the trend of increasing new listings continues, it may gradually create more equilibrium between supply and demand.

Average Sales Price

•Overall average sales price: $465,743, a 14% year-over-year increase, reflecting steady appreciation.

•Existing homes average price: $457,563, up nearly 20% from last year’s $382,094.

•Newly constructed homes average price: $527,773, a slight decrease of 2.1% from last October’s $539,027.

This continued rise in the price of existing homes highlights a persistent demand for established neighborhoods and properties. The high average price of newly constructed homes, though slightly down, may suggest that developers are adjusting prices to remain competitive in light of buyer preferences for more affordable options. As existing home prices rise, sellers may find themselves in a strong negotiating position, while buyers could face higher price tags, especially for move-in-ready properties in desirable locations.

Days on Market

•Average days on market for all homes: 51, down from last year’s 64 days, signaling a market that’s moving quickly.

•Existing homes DOM: 50 days, down slightly from 54 days the previous year.

•New construction DOM: 53 days, a significant reduction from 95 days last October.

Homes in Twin Falls are selling faster than in previous years, which is an indicator of strong demand and buyer urgency. A shorter DOM in new constructions suggests that builders may have found the sweet spot in pricing, making new homes more attractive despite rising interest rates. For both buyers and sellers, this fast-paced market emphasizes the importance of being well-prepared and ready to act, as properties do not stay on the market long when properly priced.

Key Takeaways

For Sellers: Rising prices and low DOM create an ideal environment for those looking to sell. Properties are moving quickly, and competitive pricing can result in multiple offers, particularly in high-demand neighborhoods.

For Buyers: While inventory is improving, higher average prices and a quick-moving market mean that pre-approval and readiness to make swift decisions are crucial. Buyers may need to consider expanding their search criteria or exploring emerging neighborhoods where prices are more affordable.

For Investors: With a balanced mix of inventory growth and price appreciation, Twin Falls offers attractive long-term potential. Current trends suggest resilience, making it an opportune time for strategic investment in both existing properties and select new builds.

Have questions about what this all means for you? Reach out today to chat about your unique real estate needs!

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Twin Falls Real Estate Market Update: October 2024 Read More »

Twin Falls County Market Values September 2024

Buying, Community, Market Update, Relocating, Selling / October 21, 2024

As we continue through fall, Twin Falls County market values continue to increase and the market continues to evolve. Home sales remain steady, prices continue to increase, and home sales are continuing to happen daily. Whether you’re in the market to buy, sell, or just stay informed, here’s your update for September 2024.

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 September 2024, 101 single-family homes were sold in Twin Falls County, a slight increase from the 99 homes sold in September 2023, marking a 2.02% growth. Sales of newly constructed homes saw a significant rise, with 20 homes sold compared to 13 last year, an impressive 53.85% increase. However, existing home sales decreased by 5.81%, with 81 homes sold compared to 86 in the previous year.

Steal This!

Months of Inventory (MOI)

The number of active residential listings stood at 377 in September 2024, up from 351 in September 2023. The inventory increase reflects more available homes on the market, indicating a gradual shift towards a more balanced market.

New Listings

New inventory slowed down a bit this month, with only 135 homes hitting the market in Twin Falls County during September. As I mentioned last month, it’s typical for activity to taper off around this time of year. In September 2023, 160 new homes were listed, marking a 15.6% decrease year-over-year. With the upcoming election, it’ll be interesting to see how October’s numbers shape up.

Average Sales Price

The average sales price for single-family homes in Twin Falls County increased by 6.90%, reaching $407,904 in September 2024, compared to $381,590 in September 2023. For existing homes, the average price saw an 8.01% rise, reaching $399,013. However, newly constructed homes experienced a slight decline, with the average price falling by 3.93% to $443,912.

Days on Market

Homes are taking slightly longer to sell. The average days on market (DOM) for all homes rose to 68 days, compared to 65 days in September 2023. Existing homes are selling in an average of 53 days, slightly down from 55 days last year, while newly constructed homes are taking longer, averaging 130 days on the market.

The Twin Falls real estate market remains active with slight increases in overall sales and prices. While newly constructed homes take longer to sell, existing homes are moving quickly, indicating strong demand. With increased inventory, buyers have more options, and sellers still benefit from rising prices.

If you have questions about buying or selling in today’s market, let’s connect and discuss your unique needs. Stay tuned for next month’s market update!

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Twin Falls Real Estate Snapshot: Rising Inventory and Shifting Prices – August 2024 Market Trends

Buying, Market Update, Relocating, Selling, Twin Falls / September 24, 2024

Here is your Twin Falls Real Estate snapshot for August! The Twin Falls real estate market remains active, with steady movement throughout the area. Recently, the Federal Reserve cut interest rates by 50 basis points, and while mortgage rates have initially reacted slightly negatively, the long-term outlook remains positive. Over the past 18 months, we’ve seen a general decline in rates in anticipation of this decision, and we expect rates to continue to trend downward in the months ahead. Whether buying, selling, or simply watching the market, staying informed is key. Read on to explore what unfolded in the Twin Falls real estate market in August.

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 August 2024, Twin Falls saw a slight decline in residential sales, with 97 single-family homes sold, down 4.9% from 102 homes sold in August 2023. Existing homes accounted for 79 of these sales, while newly constructed homes contributed 18. Overall, year-to-date sales reached 815, marking a 6.12% increase compared to the same period last year.

Steal This!

Months of Inventory (MOI)

In August 2024, total active residential listings rose to 407, up from 336 in August 2023, signaling an increase in inventory and offering buyers more options. Twin Falls County now has 3.96 months of inventory, marking the most balanced real estate market the area has experienced in the past five years. Typically, a balanced market is considered to have 4-6 months of inventory, creating an even playing field for both buyers and sellers.

New Listings

In August, Twin Falls County saw 178 new listings, closely matching the 183 from the previous month. As we move closer to the holiday season, we can likely expect the number of new listings to start decreasing, a typical trend during this time of year.

Average Sales Price

Home prices in Twin Falls County have continued to grow steadily, with the average price of a home reaching $405,093 year-to-date, reflecting a 3.66% increase. This is a return to more typical annual price growth, contrasting with the double-digit appreciation of recent years. Interestingly, while overall prices rise, new construction homes in the county are seeing a price decrease of 3.68%, with the average price now at $456,014. This drop is partly driven by the increased availability of entry-level construction to meet demand.

Days on Market

The days on market in Twin Falls County have remained relatively stable, with an average of 65 days, down just 2 days from last year. The median time homes spent on the market is lower at 35 days. As we approach the holiday season, it’s expected these numbers will increase slightly. However, the recent rate cut could potentially keep the fall and winter market busier than usual, making it an interesting time to watch.

The market in Twin Falls remains active but shows signs of a slowdown in sales and slight price adjustments. With more homes on the market, buyers may have more negotiating power as inventory continues to grow. If you’ve been thinking about making a move, but are unsure where to start, let’s connect today!

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Twin Falls Real Estate Snapshot: Rising Inventory and Shifting Prices – August 2024 Market Trends Read More »

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!

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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.

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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.

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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.

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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: May 2024 Read More »

Market Update

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!

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Recent Articles

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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

What It All Means for You﻿

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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

Final Thoughts

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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

Key Takeaways

Hi, I'm Sabrina!

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Recent Articles

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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!

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Recent Articles

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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

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Guppies Hot Rod Grille Sock Hop and Car Show

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2024 Exotic Pet Expo

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