Welcome to the Mountain West Realty Blog!
We will attempt to post information about our local market conditions, available loan programs and information that may affect you as a homeowner or prospective homeowner! Things are ever changing and so we must we, or become ignorant to the world around us!
So you know, the Mini-Cassia real estate area, as per our local Multiple Listing Service information currently has 93 single family homes available with a median price of $115,000. This is approximately 15% above the median sales price for the year thus far! This of course does not mean you can expect to buy a home for 15% less than list price!
We also have 44 homes with acreage currently on the market! The median price for these is $159,000. Prices range from $50,000 to $575,000.
Here's a link for some of the great values available for Rupert, Idaho real estate.
There are several great loan programs available to home buyers with interest rates from 3.75%. I remember when 6% was a GREAT rate and people were clamoring to buy a home or refinance! Remember, the best way to get yourself positioned to qualify for a home loan is to make all your payments on time, no late fees! Along with that, don't overextend your budget, if you have one! It's surprising how many of us don't operate our income on a budget! Makes it real easy to spend more than we make, thus the credit cards are tapped out and we can't make our payments on time, if at all! If you need help with this let me know, I'll hook you up with some great budget gurus!
Another FYI, from January 1, 2011 to March 28, 2011 we saw 36 single family and single family with acreage sales. The median sales price was $120,000. For the same time this year (2012) we currently have 44 total sales of like kind with a medial sales price of $99,900. This suggests that so far this year prices are down and interest rates are incredible, making this a fantastic time to own a home!
Hope this helps a little! Please don't hesitate to call (208) 878-3500 or stop by 658 Overland Ave in Burley ID for any question you might have, whether you want to buy or sell, I'd love to assist you!
In the next blog I'll attempt to get into more detail about various loans and some things to look for in finding the right home for you!
