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Robert Jones Realty provides a superior level of real estate services including residential, farms, ranches, dairies, recreation, commercial and vacant land to buyers and sellers in the Southern Idaho area.

Welcome to the premier resource for all real estate information and services in the area. We hope you enjoy your visit and explore everything our realty website has to offer, including Twin Falls real estate listings, information for homebuyers and sellers, and more about us, your professional Southern Idaho Realtors.

 

Testimonials

Mark & Julie sold my mothers home after her passing. Thank you for making the process so easy & quick. I live out of state and everything was handled very respectfully and just as you promised. Beth Morgan
Mark was super! He communicates well, which we like. He is very knowledgeable. Bravo! Ron & Jamie Griff
Julie, It was a pleasure working with you. Thanks again for everything! Sheila Garrett
Thank you both so much for everything you did to make our experience positive!! We appreciated the way you kept in communication every step of the way!! Tracy Ridgeway & Kami Cornie
Mark & Julie were a pleasure to work with in every aspect of a decision in getting our properties evaluated, listed and Sold. Very knowledgeable of the real-estate business and supportive in helping us to meet our end goals. I would highly recommend Mark and Julie Jones and Robert Jones Realty, Inc. Stephen & Lana Olsen
Thank you to Mark and his staff! They did a great job of selling our Lot and we are very happy with the service they provided! Mark was very informative and a true professional!! Fernando & Carrie
Marks make the process FUN! Kumbaya! Connie Bell
Mark & Julie were absolutely amazing. They took the time to really help us look for what we wanted and helped us stay patient until we found "the one"! We could not love our home anymore, it's everything and more that we wanted and we owe it all to them!!! We highly recommend them to everyone! Thank you for your time and all of your help along the way you guys!! Sam & Kelbie Ross
Mark & Julie were easy to work with & explained everything so we could understand. Would use the again! THANKS SO MUCH Bill & Lisa Colwell
This was the 3rd home we purchased in the last 10 years working with Mark. We would not consider working with another Realtor. We trust Mark unconditionally. He and Julie patiently showed us dozens of homes before we found the one we wanted. Mark also went beyond what he needed to do in helping us in the sale and closing of our previous home to our son. It has been an absolute pleasure working with Mark & Julie Don & Connie Johnson
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Thank you for visiting today. If this is your first visit, take your time and look around. We have plenty of information and resources available to you. If you are a return visitor, thank you. We would love to hear from you. We can serve all your real estate needs.

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Real Estate News!!!

March 2018 Housing Affordability Index

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.42 percent this March, up 8.2 percent compared to 4.28 percent a year ago.

  • Housing affordability declined from a year ago in March moving the index down 7.0 percent from 150.4 to 161.7. The median sales price for a single family home sold in March in the US was $252,111 up 5.9 percent from a year ago.
  • Nationally, mortgage rates were up 35 basis point from one year ago (one percentage point equals 100 basis points), while median family incomes rose 2.7 percent.

  • Regionally, the West recorded the biggest increase in price at 8.5 percent. The South had an increase of 6.0 percent while the Midwest had a gain of 5.1 percent. The Northeast had the smallest incline in price of 3.5 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The West had the biggest drop in affordability of 9.2 percent. The South had a decline of 7.3 percent followed by the Midwest with a drop of 5.7 percent. The Northeast had the smallest drop of 2.7 percent.
  • On a monthly basis, affordability is down from last month in all four regions. The West had a decline of 4.7 percent followed by the Northeast with a dip of 5.6 percent. The South had a drop of 5.9 percent followed by the Midwest, which had the biggest; dip in affordability of 8.6 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 194.7. The least affordable region remained the West where the index was 105.6. For comparison, the index was 151.8 in the South, and 163.5 in the Northeast.

  • Mortgage applications are currently down 2.5 percent. Mortgage credit availability in April was flat. Rates are rising which will increase-housing costs. Home prices are up 5.9 percent while median family incomes are only growing 2.7 percent. Inventory gains will help ease the pressure on home prices.
  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.

More Properties Were Sold at or Above the List Price in March 2018

In a monthly survey of REALTORS®, the survey asks, “Compared to the original listing price, at how much of a net discount or net premium did the property sell?”

According to a survey of REALTORS® who responded to the March 2018 REALTORS® Confidence Index Survey, 37 percent of properties that closed in February 2018 sold at or above the list price. One year ago, 35 percent sold at or above the list price, and during the months of January in 2012 through 2015, about one in four sold at or above the list price. Buyer demand continues to outpace supply of homes being listed for sale in the market, sustaining the upward pressure on home prices.

According to respondents who reported closing a sale, 17 percent of properties sold at a net premium in March 2018, an increase from the nine percent share in 2014 and 2015. Of properties that sold at a premium, 87 percent sold at 101 to 110 percent of the list price, seven percent were sold at a premium of 11 to 20 percent, and five percent were sold at more than 20 percent premium.

The price distribution continues to skew to the right. In 2012, 34 percent of properties were typically listed at $150,000 in 2012, but as of March 2018, only 22 percent of properties listed were typically at this price level.[1]

Use the data visualization below to view the median listing price of properties listed on Realtor.com in March 2018. Red areas are areas where the listing price is higher than the U.S. median sales price of all existing homes sold in March 2018, at $250,400. Hover on the map to see the distribution of listing prices from June 2012 through March 2018 on Realtor.com data.

 

Dashboard 4

 


 

[1] To access Realtor.com data, go to https://www.realtor.com/research/data/.

 

 

REALTORS® Expect Home Prices to Increase by Four Percent in the Next 12 Months

In a monthly survey of REALTORS®, respondents are asked “In the neighborhood(s) or area(s) where you make the most sales, what are your expectations for residential property prices over the next year?

Among the respondents, the median expected price change is four percent. The chart below shows median expected price change by state based on survey responses collected during January–March 2018[1], according to the  March 2018 REALTORS® Confidence Index Survey

Respondents from the states of Washington, Oregon, Idaho, Nevada, Utah, Wyoming, Colorado, Rhode Island, and the District of Columbia expect the highest price growth in the next 12 months, with the expected median price growth at more than five to nearly eight percent. Respondents from California, Arizona, Wisconsin, Michigan, Tennessee, South Carolina, Florida, and New Hampshire also expect strong price growth, with the median expected price growth in the range of more than four to five percent.

House prices have increased steeply since 2012 compared to the growth in income. Nationally, U.S. home prices rose 44 percent during the period 2012 Q1 –2017 Q4, based on the FHFA Home Price Index expanded, not seasonally adjusted data set.[2] Meanwhile, personal per capita income only increased by 17 percent during this period. Strong demand because of employment growth, historically low interest rates (though slowly creeping up), and inadequate home building (though steadily rising) have all contributed to the steep price increase since 2012.

According to Realtor.com data, listing prices were higher in March 2018 compared to one year ago in many metro areas, even in areas where prices are at or near the $1 million level, such as San Jose-Sunnyvale-Sta. Clara (+31%) and San Francisco-Oakland-Hayward (+6%). However, the median listing price decreased in Sta. Maria-Sta. Barbara (-28%) and Napa (-15%).

In high tax areas that were the most affected by the $10,000 total limit on deductions for property, state, and local income taxes, prices are still rising, such as in New York, Newark-Jersey City (+13%), Bridgeport-Stamford-Norwalk (+10%), New Haven-Milford (+5%), and Hartford (+4%).

Use the data visualization below to view the change in median listing prices in March 2018 from one year ago. Red areas are areas where prices rose compared to one year ago. Hover on the map to view the historical median listing prices of properties listed on Realtor.com from June 2012 through March 2018.[3]

Dashboard 1



[1] Because each month’s survey asks about the outlook in the next months, the responses collected from January-March 2018 covers the outlook for January 2018-March 2019.

[2] The FHFA HPI is a repeat price index. The expanded data set includes county recorder data set. See https://www.fhfa.gov/DataTools/Downloads/pages/house-price-index.aspx

[3] Realtor.com data is freely available and can be download from https://www.realtor.com/research