Welcome to the AllIdahoFallsRealEstate.com Blog

2019-04-03 14:54:28
Looking to Upgrade Your Current Idaho Falls Home? Now’s the Time to Move-Up!
Looking to Upgrade Your Current Home? Now’s the Time to Move-Up! | MyKCM

In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes. In today’s real estate market there are deals to be had at the higher end! This is great news for homeowners who want to upgrade from their current house and move-up to a premium home.

Much of the demand for housing over the past couple years has come from first-time buyers looking for their starter home, which means that many of the more expensive homes that have been listed for sale have not seen as much interest.

This mismatch in demand and inventory has created a Buyer’s Market in the luxury and premium home markets according to the ILHM’s latest Luxury Report. For the purpose of the report, a luxury home is defined as one that costs $1 million or more.

“A Buyer’s Market indicates that buyers have greater control over the price point. This market type is demonstrated by a substantial number of homes on the market and few sales, suggesting demand for residential properties is slow for that market and/or price point.”

The authors of the report were quick to point out that the current conditions at the higher end of the market are no cause for concern,

“While luxury homes may take longer to sell than in previous years, the slower pace, increased inventory levels and larger differences between list and sold prices, represent a normalization of the market, not a downturn.”

Luxury can mean different things to different people. It could mean a secluded home with a ton of property for privacy to one person, or a penthouse in the center of it all for someone else. Knowing what characteristics you are looking for in a premium home and what luxury means to you will help your agent find your dream home.

Bottom Line

If you are debating upgrading your current Idaho Falls house to a premium or luxury home, now is the time! Give the Cindy Bates group a call today and we can set you on the right path!

 
Blog Archive
2019-08-20 10:08:19
Housing Supply in Idaho Falls

2019-08-15 16:13:42
Housing Affordability in Idaho Falls

2019-08-14 15:38:47
Rent Vs. Own in Idaho Falls

2019-08-13 13:28:47
5 Real Estate Reality TV Myths Explained

2019-08-12 16:15:23
Update From July's Market and What's Coming in Idaho Falls

2019-08-08 20:00:26
Top 5 Reasons You Should NOT FSBO in Idaho Falls

2019-08-07 20:08:27
Just Listed in Idaho Falls and Blackfoot

2019-08-06 10:15:57
5 Powerful Reasons to Own Instead of Rent in Idaho Falls

2019-08-05 19:00:27
COMING SOON in Idaho Falls!

2019-08-01 11:07:30
Why Now Is the Perfect Time to Sell Your House in Idaho Falls

2019-07-30 09:53:31
How to Increase Your Equity Over the Next 5 Years in Idaho Falls

2019-07-29 19:01:58
What you Can Expect from The Cindy Bates Group in Idaho Falls

2019-07-23 12:28:25
Homeownership as an Investment in Idaho Falls

2019-07-15 23:33:59
Home Price Appreciation Forecast for Idaho Falls

2019-07-09 13:09:58
Meet Sandra!

2019-07-05 11:17:54
Happy Independence Day!

2019-07-02 11:35:08
6 Month Real Estate Report by Counties

2019-06-27 10:15:54
Know What to Expect at Your Home Inspection in Idaho Falls

2019-06-26 11:10:28
4 Reasons to Sell This Summer in Idaho Falls

2019-06-25 13:20:12
Having an Idaho Falls Professional on Your Side Makes All the Difference!

2019-06-24 16:10:26
Stop Wondering What Your Budget Is & Get Pre-Approved in Idaho Falls

2019-06-18 14:41:12
New Research Shows Housing Is Affordable For First-Time Buyers in Idaho Falls

2019-06-13 10:57:02
JUST LISTED in Rexburg Idaho!

2019-06-10 16:02:58
2 Myths Holding Back Home Buyers in Idaho Falls

2019-06-07 14:11:34
This Weeks Featured Listings!

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.