Menu: Idaho Falls Home Values | What's Your Home Worth?

FREE Quick Over-The-Net Home Value Estimator

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Knowing what your Idaho Falls home is worth is important information to have if you are thinking of selling your home.


Home Evaluation
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Description of the home you wish to sell:
Style of Home: 
(eg. 2 levels, 1 level, bungalow, backsplit, etc.)

Type of Home
Approx. Sqr. Footage:
Finished Basement:
Location:
Type of Heating:
Age of Home:
Number of Bedrooms:
Number of Bathrooms:
Address:
City:
On a scale of 1-10
(with 1 being Poor and 10 being Exceptional)
please rate the showability of your home:

1 10
Special Features:
 
Your Contact Information:

* First Name:

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*Last Name:

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Are you looking to evaluate your home's value for the purposes of selling or refinancing? 
   Selling Refinancing
If you are planning to sell your home, will it be within the next 6 months? 
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Idaho Falls Home Values | What's Your Home Worth?

FREE Quick Over-The-Net Home Value Estimator

Emailed Instantly To You!

Knowing what your Idaho Falls home is worth is important information to have if you are thinking of selling your home.

You can get insider information that can potentially save you thousands of dollars. Using the information you submit to us in the form on this page, we will conduct a thorough comparative market analysis by searching the database of all homes listed or sold in Idaho Falls.

With this current market data, we will be able to determine what your home might sell for if you decided to put it on the market.


There is no cost or obligation for this valuable service.

For a FREE Home Value Estimator, please fill in the information requested.

A home value estimator is just that—it estimates the value of a home (the “subject home”) based on several data points. These data points come from comparable homes. These homes are termed “comparable” because they are similar to the subject home in several significant features, notably square footage, garage size, neighborhood, year built and lot size.

The comparable homes are divided into three groups: Sold, Pending, and Active.

Sold homes have closed escrow and we know the final sales price.

Pending homes are currently in escrow, so we do not know the final sales price, but only the last list (advertised) price. However, we do know that, in most cases, the list price on a pending home was attractive enough to a buyer to cause the buyer to write an offer on the home.

Active homes do not yet have (nor may they ever have) an accepted offer from a buyer, so we only know the list price. The list price on an active home may or may not be a reasonable price.

Using three groups of comparable homes for a home value estimator is important because it gives you more accurate home value data regardless of the part of the market cycle that you are in. Sold homes give the best data during an Up Market or a Down Market, while active homes are good to use as a “leading indictor” in a Transitional Market. Active homes tend to foretell where the market is heading. In other words, are home sellers pricing homes lower than the current market in anticipation of a Down Market, or are they pricing higher than the current market as the market moves into an Up Market?

By way of example, active homes were quite important for the home value estimator in the Idaho Falls market during the period 2013-2014. As the market was transitioning to an Up Market, active homes were leading the market as they were priced consistently higher than the sold and pending homes. Since home owners often tend to over value and therefore over price their homes, it was difficult during this period to know whether a particular active home was over priced, or whether it was priced at a level that would prove to be a leading indicator as the Idaho Falls market transitioned during this period. This confusion over the cause of higher active home prices is unique to the Down-to-Up Market transition.

Lower active home prices during a Up-to-Down Market transition cause less confusion, as home owners can see clearly that they need to lower their price in order to get a purchase offer from a buyer. Adding clarity to this transition market in Idaho Falls during the period 2009-2010 was the fact that many more “distressed” homes came on the market during this period. Distressed homes are either homes requiring a short sale to sell them, or homes that have already been foreclosed on and are owned by a bank. List prices on distressed homes are lower than the rest of the market due to the bank’s high level of motivation to sell these homes quickly. These low prices on the distressed inventory of homes clarify for non-distressed home owners that they will need to market their home at a low price if they want to sell it.

Keller Williams Realty East Idaho