Pine Brook Estates Real Estate Newsletter. December 9th, 2025

It's been a little over 3 months and that means it is time to update everyone on everything real estate related for Pine Brook Estates! First off, a short about me note on the author for those joining for the first time. My name is Parker Stevens and I am a real estate broker with Realty Quest here in town. I also own property in Pine Brook. My wife and I own the lot that borders the future community park and we plan on breaking ground on our home in march! I just about exclusively focus on Madison and Fremont counties workwise to be able to better serve the people here with the most up to date local knowledge. With that being said, let's get to covering what's happened over the past three months real estate wise in the neighborhood.

Key Stats for the past 3 months for Pine Brook

• Number of homes currently for sale in the division: 3

• Price per square foot of homes currently listed for sale: $240.37

• Number of vacant land parcels for sale: 3

• Number of homes sold in the past 3 months: 2

• Average sales price of homes sold in the past 3 months: $551,000

• Price per square foot of homes sold in the past 3 months: $212.97

• Average days on market for sold homes: 39 days

• Sold price as a percentage of list price: 95.41%

How do these stats stack up against Rexburg as a whole?

Price per square foot of homes currently for sale in the Rexburg market is sitting at $238.57. Currently Pine Brook is bringing less of a premium than it was 3 months ago. 3 months ago, Rexburg as a whole was a full $22.74 per square foot cheaper than Pine Brook.

The average sales price of homes in the Rexburg market for the past three months is $513,010 compared with $551,000 for Pine Brook. This is in line with the last update although by a smaller margin which is more likely to be due to variability in such a small data set rather than being indicative of a larger overall shift. Average price per square foot of homes sold during the past three months in the Rexburg market is $196.91 compared with $212.97 for Pine Brook which is very similar to the spread that we saw in the last update. This just goes to continue to highlight Pine Brook's status as one of Rexburg's premier divisions.

Sold price as a percentage of list price for the Rexburg market the past three months is 93.68% slightly worse than Pine Brook but well within month to month variation percentages.

Turnover rate: Where does Pine Brook stand compared with a few months ago?

A quick reminder for those that missed the definition on turnover rate in the last market overview:

In real estate, the turnover rate is a percentage that indicates how quickly homes are bought and sold within a specific area. It's calculated by dividing the number of homes (or properties if vacant land is included) sold in a given period (typically 1 year) by the total number of homes in that area, then multiplying by 100. A higher turnover rate generally suggests a more active market which can be better for both buyers and sellers.

There are 124 properties (homes & vacant land parcels) within Pine Brook Estates between Pine Brook 1 and 2. During the past 12 months 10 properties have sold (5 homes and 3 lots)

(8/124) x 100 = 6.45% turnover rate in Pine Brook for the past year.

3 months ago the annual turnover rate was 8.06% So we have seen a slight drop compared to a few months ago but this is well within normal quarterly variances and does not signify any cause for alarm.

How does this stack up against average national turnover rates? According to national real estate mogul Redfin, the average turnover rate ranges between 2.5% to 5% nationally with 2024's annual turnover rate coming in at 2.5%. This means that the market for the neighborhood as a whole is still higher than the national average with market activity remaining strong for Pinebrook.

What is going on with interest rates compared to a few months ago?

Rates have dropped some since our last update. The biggest change comes in the 30 year conventional mortgage where average rates dropped from 6.375% to 6.125%. Rounding out other notable programs are 5.99% for 30 year FHA loans, 5.5% for 15 year conventional notes, and 5.99% for VA loans.

You may wonder will additional drops be seen here soon? The answer to this is, it depends. The FED is set to announce their decision regarding the federal funds rate tomorrow and it looks like a quarter point cut is likely but how this ultimately translates into borrowing costs for mortgages remains to be seen. Rates have slightly climbed over the past few weeks although they are lower than they were a few months ago. Likely this slight climb over the past few weeks was investors anticipating the rate cut, and pricing in a buffer for themselves ahead of time. This is similar to how some departments stores raise prices prior to black friday so that they can claim bigger sale "reductions" when the big event rolls around. All in all, I would expect an 1/8th of a point reduction in most programs following the meeting should the FED announce a quarter percentage point cut.