The Local Real Estate Market

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The Local Real Estate Market

• Rexburg, Idaho

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Rexburg - Locally

• Life in Rexburg couldnt be better! On a daily
  basis we look around and see progress happening
  in our community. As one of the fastest growing
  cities in the State of Idaho, it is exciting to
  see the vitality of Rexburg as a growing
  community in rural America!
• In his State of the City address, Rexburg Mayor
  Shawn Larsen addressed the successes of 2007
  highlighting for example, the 154 single homes
  added within the city, along with the
  infra-structure improvements made in
  neighborhoods and the 1,041 operating businesses
  that are a part of the trade area of Rexburg
• Larsen also looked to the future outlining the
  top six priorities for the City of Rexburg in the
  upcoming year, using the theme Soaring to New
  Heights.

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A Closer Look at the Activity

• Census Bureau confirmed the growth in Rexburg
  from Census 2000 to July 1, 2008 was 60 - see
  Boom Town article from 7/15/08 Rexburg Standard
  Journal newspaper under the Updates tab on our
  homepage
• Are we in a housing crisis???
• We think not, and heres why

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• Growth in Rexburg from Census 2000 to 7/1/06 was
  56.8!!!
• Construction Permit Valuation
• 00 10 Million Much of the building permit
• 05 57 Million value obtained from 07 to
• 06 101 Million 08 are construction projects
  
• 07 159 Million at BYU-I with an estimate/
• Jan. 07 2 Million projection of 300-500
  workers
• Jan. 08 5 Million involved in those projects
  for
• the next 2-3 years
• Rexburg City Hall provided these statistics in
  February of 2008

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No end in sight for Idahos growthUSA Today
Newspaper article printed in October 2007

• In Idaho, the state with the nations
  fastest-growing economy, homebuilding hasnt
  crashed as it has across much of the USA, and a
  two-decade run of prosperity continues.
• Idaho shows a boom that shows little sign of
  fading
• Idahos population grew 13.3 from 2000 to 2006
  to 1,466,465. Thats twice the national growth
  rate
• There is an average of about 30,000 new residents
  a year
• To view the whole article, go to the Updates
  tab on our homepage

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National Real Estate Market Crisis

• The national news has described housing trends in
  many communities across the Country. There is a
  financing crisis in others areas of the Nation
  but NOT in Rexburg.
• 90-100 loan-to-value financing is available for
  credit worthy buyers with repayment ability.
  Please contact either of our preferred lenders
  Jim Hirrlinger-Fall River Mortgage at
  208.356.3959 or jim_at_jimhirrlinger.com OR Sandy
  Genta-Washington Federal Savings and Loan at
  208.356.3648 or rexburgwafed_at_live.com
• Rexburg is not a typical Real Estate Market as
  it continues to grow at a strong pace
• The following chart clearly shows the continued
  growth in Rexburg

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What does this mean?

• Wow! From January 1, 2000 to July 31, 2007 our
  average sales price increased by 185. During
  that same period of time the number of units sold
  increased by 235!!!
• Year to date 2008 has seen a drop in units sold
  by 35 - however, at the same time the average
  sales price has continued to grow by another 2
  over December 31, 2007 numbers

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Real Estate is Local
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To view this video, please see e-mail attachment
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Commercial/Retail Development

• There is high interest in locating many national
  chains to Rexburg
• This is a slow process which will take place over
  the next 2-5 years
• Rumors of a Super Wal-Mart are truewhat is still
  undecided is if they will come, or perhaps when
  and where
• There are rumors of other Big Boxes coming to
  town as well

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Realty Questour opportunity / responsibility in
todays market To guide clients during this
present uncertainty to see the outstanding
opportunities available in RexburgTo work with
even greater commitment in locating those buyers
/ sellers who wish, want, and desire to achieve
their real estate dreams
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How will we do this?

• We have only highly motivated agents, each
  specializing to truly meet our clients needs and
  exceed their expectations. Our agents close 3x
  more transactions than the local market average
• Judy Hobbs Investment/Commercial
  Specialist
• Travis Greene Buyer Specialist
• Todd Davis Listing Specialist
• Katie Sutton Client Care Specialist

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Whats next in Rexburg?

• Introducing a new and exciting development

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Founders Square

• A unique subdivision to a thriving community

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36 Acres located at the SE corner of 2nd East and
Sunrise Drive
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Our vision is to create a neighborhood that will
consist of the following features
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A Colonial theme carried out through the whole
community

• Landscaping, home design, lighting, etc.

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Green space and parks provide a feeling of peace
and escape
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What else makes this subdivision unique?

• A community where it is easy to get to know your
  neighbors
• Beautiful landscaping and three parks
• Walking paths and sidewalks throughout the
  community and leading to BYU-Idaho
• Strategically located for convenience, views, and
  nestled in a hollow on The Hill

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Tree-lined streets with garages set back out of
street view
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Wait, there is even more

• Lots that make landscaping and upkeep a breeze
  for all ages
• Finally an affordable subdivision on the Rexburg
  Hill with multiple floor plans and price ranges
  to choose from
• Lots are available with views, park side, along
  the walking paths, and hillside
• Builder loyalty and commitmentfrom the first to
  last home built in Founders Square

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Founders SquareThe place to live for value,
beauty, convenience, lifestyle, and so much
more!Contact Realty Quest to design your dream
home 208.356.8787 or 888.212.5700email
judy_at_realty-quest.net