About Twin Falls Idaho
Twin Falls is the epicenter of the Magic Valley region of Idaho, providing residents with plenty of opportunities to enjoy the great outdoors while also having access to top tier services and amenities.
The fact that people living in this community can access the best retail locations, delicious restaurants, educational facilities and medical centers within a matter of minutes, all while taking in the breathtaking views of the Idaho landscape, makes homes for sale in Twin Falls Idaho more popular than ever.
With its premier location in the Magic Valley, it's no surprise that outdoor recreational opportunities are important to the residents of Twin Falls.
Buyers who are viewing homes for sale Twin Falls Idaho will love the fact that there are more than 25 parks in the city.
In addition, there are six different Snake River Canyon Rim Trails located in Twin Falls, including the Breckenridge, Breckenridge Estates, Centennial, Perrine Bridge East, Perrine Bridge West and Washington Street North/Perrine Coulee trails.
Hiking and biking are two popular activities that people who purchase Twin Falls Idaho homes for sale can enjoy.
In addition to its outdoor splendor, Twin Falls offers a metropolitan atmosphere to its residents. Often, buyers looking at homes for sale in Twin Falls ID comment on how they will have the best of both worlds after they move to this dynamic community. Several large employers, including Glanbia Foods and Amalgamated Sugar Company, are located in the heart of Twin Falls.
The College of Southern Idaho is the largest higher education facility in Twin Falls. This community college offers a variety of programs to students in the area, including classes from Boise State University, Idaho State University and the University of Idaho.
People who purchase Twin Falls homes for sale often find that this is a community that provides them with an opportunity to establish roots and to continue growing both personally and professionally.
Twin Falls Market Trends to Date
2018 heading into 2019
The 2018 Twin Falls real estate market was a strong year with average prices up by 6.25% over 2017. As already mentioned the average homes sale prices for Twin Falls was $229,800 in 2018 vs $206,108 in 2017. We have now seen almost 36 months of housing price growth.
Not surprisingly, with economic growth comes increasing demand. The average days on market fell from 60 days in 2017 to 53 days in 2018. The current average level of home supply is at 2.12 months which is consistent with a robust housing market that has seen almost 24 months of consecutive increases in home prices. As we go into 2019 the national forecast from the experts is mixed with some saying demand will cool due to slower than expected population growth and excess inventory and others maintaining that 2019 will continue to be strong and that excess inventory will be snapped up given pent up demand. We do not have a crystal ball, but on balance we see a steady market through 2019.
Competition for the most affordable housing range of prices between $100-200,000 is higher and as a result, the monthly Inventory and supply for homes was well below the average (by almost 45%) for Twin Falls at 1.1-1.4 months. Be prepared to move quickly if you are a buyer in these price ranges. A good tip is to have your financing in place, so that if you do find the place of your dreams, you can move quickly which will increase your odds of success. You also have to price your offer carefully in this market, to ensure quick acceptance of your dream home or make multiple offers on different homes at the same time.