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   Recent Twin Falls construction projects include St. Lukes Magic Valley Hospital, New High School, JayCo Trailer and WalMart will require approximately 5000 additional employees for the City of Twin Falls, Idaho. Through September 2007, year to date the average sold price of single family homes has risen 21.6%.

   The law of supply and demand is at work in Twin Falls County. Prices for houses under construction that will sell for under $200,000 are holding steady. In some of the most desirable areas, new homes have appreciated between 30 and 40 percent over the two years.

   Twin Falls remains the most desirable place to live, but people are viewing nearby towns such as Kimberly, Filer and Jerome as excellent alternatives since homes there are a bit more affordable. In fact, from the east side of Magic Valley to the west, real estate continues to move briskly.

   A combination of factors are driving up house prices.

   Land is the driving force right now — raw development ground. There is huge appreciation with any kind of land that has development potential.

   Some lot prices have almost doubled in the past four years. In just the past year and a half, some lots in good locations have increased by up to 60 percent.

   But besides the cost of land increasing, so has the cost of materials. For example, electrical wiring increased by almost 400 percent.

   As you will note on the analysis (Click Here) the days on the market and number of units sold in Twin Falls, Idaho have increased and decreased respectively.