I think to most people the following graph will come as quite a surprise. We have been fed so much negative material about the economy and the housing market we assume or exaggerate the national housing crisis on our own local market. Now I know we are not without econimic concerns, but by all appearances our own local Real Estate market is healthy. We have had consistant growth over the last five years in the average sales price of Real Estate in Pocatello. This particular graph takes only into account single family dwellings.
You may notice both the Highland area and West Pocatello show a drop for 2008. Before you become too concerned please recognize that 2008 numbers are very incomplete and only reflect numbers for the first quarter. Normally the two best quarters for the year will be 2 and 3. I will publish this graph shortly on PocatelloRealEstateMarket.com as well as a newly designed “Days on Market” graph that is much easier to read.
