Idaho Falls, Idaho Real Estate Market Still Strong!

I found the following article on the Idaho Falls, Idaho Real Estate Market and wanted to share it:

Housing Markets That Are Still Thriving

The best-performing housing market in the country during the third quarter was picturesque Wenatchee, a city of more than 35,000 that is the seat of Chelan County, Wash. Prices in the Wenatchee metro area increased by 15.7 percent year over year, according to RealtyTrac.

Home prices also jumped more than 10 percent in second home markets in Utah, Idaho, and Colorado. "They're doing so well because they're getting the run-off from California, Nevada, and Arizona," says Jeannine Cataldi, senior economist for Global Insight. "When prices got so high [in those states], people said, 'there must be places that are more affordable.’”

Here are the top 10 best performing markets in the country:

1. Wenatchee, Wash.: 15.7 percent
2. Provo-Orem, Utah: 14.35 percent
3. Grand Junction, Colo.: 14.05 percent
4. Ogden-Clearfield, Utah: 13.95 percent
5. Salt Lake City: 13.37 percent
6. Idaho Falls, Idaho: 11.69 percent
7. Austin-Round Rock, Texas: 9.67 percent
8. Beaumont-Port Arthur, Texas: 9.44 percent
9. Asheville, N.C.: 9.44 percent
10. Billings, Mont.: 9.07 percent

Source: BusinessWeek, Prashant Gopal (12/10/07)