Fall Real Estate Market Update

April 1 through Sept 30 is what is being reported on. New construction housing accounted for 29% of Residential Sold sales for the 6 month period ending September 2006, and for 28% of sales for the 6 month period ending September 2007.

For ALL residential sales during the same time periods, we note an approx 6% decrease in the total number of sales, 0.8% decrease in total sales volume, 5% increase in average sales price, and 4.5% decrease in median price.

These numbers reflect sales of ALL residential listings, from the inexpensive mobile homes on rented lots to the high end waterfront properties. In the 6 month period ending on September 30, 2006, sales prices ranged from $6,000 to $2,400,000, with an average of 102 days on market. For the 6 month period ending on September 30, 2007, sales prices ranged from $5,500 to $5,311,049, with an overall average of 120 days on market.

72% of the residential sales fall into the $100-299,999 Sales Price Range.

Figures for the six month period ending 9/30/07 show the highest percentage of sales to be in the $160-179,999 range, with approx. 13% of sales falling in that range, followed very closely by the $180-199,999 range at 12% of sales.

Comparison from Apr thru Sept of each year reported. Overall number of sales reported to MLS decreased by approx 17.5% from end of Sept 2006 to end of Sept 2007. Vacant land sales as reported to MLS decreased by 44%. Commercial and multi-family sales reported to MLS decreased by 36%. Overall residential sales decreased by approx 6%.

Inventory levels for the number of listings currently showing as active shows an increase of approx. 20% for all listing types for the 1 year period from end of Sept 2006 to end of Sept 2007. There is a 6.6% decrease in inventory levels for all listing types for the one month period from end of Aug 2007 to end of Sept 2007.

Current active inventory for Residential listings shows a 9% decrease for the one month period from end of Aug 2007 to end of Sept 2007. There is a 23% increase in residential inventory levels for the one year period from end of Sept 2006 to end of Sept 2007.

Right now is a great time to be a buyer! Contact me today for more information on area listings.

http://www.BuyAndSellNorthIdaho.com

June North Idaho Real Estate Update

January 1st through June 30th is what is being reported on. New construction housing accounted for 37% of Residential Sold sales from Jan 2006 to Jun 2006, and for 25% of sales from Jan 2007 to Jun 2007. For ALL residential sales during the same time periods, we note approx 21% decrease in the total number of sales, 22% decrease in total sales volume, 1% decrease in average price, 8% increase in median price.

These numbers reflect sales of ALL residential listings, from the inexpensive mobile homes on rented lots to the high end waterfront properties. In the 6 month period ending on Jun 30, 2006, sales prices ranged from $8,900 to $11,750,000, with an average of 114 days on market. For the 6 month period ending on Jun 30, 2007, sales prices ranged from $10,000 to $2,500,000, with an overall average of 121 days on market.

70% of the residential sales fall into the $100-299,999 Sales Price Range.

Figures for the six month period ending 6/30/07 show the highest percentage of sales to be in the $160-179,999 range, with approx. 12.51% of sales falling in that range, followed very closely by the $180-199,999 range at 12.46% of sales.

Comparison from Jan thru Jun of each year reported. Overall number of sales reported to MLS decreased by approx 19% from end of Jun 2006 to end of Jun 2007. Vacant land sales as reported to MLS decreased by 37%. Commercial and multi-family sales reported to MLS decreased by 35%. Overall residential sales decreased by approx 16%. The median sales price is $200,000 in Coeur d'Alene and Dalton Gardens, down 2.4 percent; in Post Falls, the median sale prices is $197,652, up .7 percent; Hayden's median sales price through June was $235,000, down 2.6 percent, while Rathdrum's was $189,950, up 2.7 percent.

Inventory levels for the number of listings currently showing as active shows an increase of approx. 24.5% for all listing types for the 1 year period from end of Jun 2006 to end of Jun 2007. There is a 6/10% decrease in inventory levels for all listing types for the one month period from end of May 2007 to end of Jun 2007.
Current active inventory for Residential listings shows a 3 % increase for the one month period from end
of May 2007 to end of Jun 2007. There is a 20% increase in residential inventory levels for the one year period from end of Jun 2006 to end of Jun 2007.

It is a great time to be a buyer in North Idaho!

http://www.BuyAndSellNorthIdaho.com

North Idaho is simply the best place to live!

Many places are ranking Coeur D Alene in their "bests" category! Take a look!

Coeur D Alene ranks #1 as the Best Place to Retire in Money Magazine
http://money.cnn.com/galleries/2007/moneymag/0703/gallery.bp_retireyoung_new.moneymag/index.html

Ideal Places to Retire:
http://ezinearticles.com/?Coeur-dAlene,-Idaho&id=545575

Vacation Spot:
http://www.cnn.com/2006/TRAVEL/DESTINATIONS/07/27/idaho.lakes/index.html

Coeur D'Alene ranks as one of the best places to Build A Log Home in August 2007 Issue of Log Home Living

Want more information on Coeur D'Alene and other North Idaho hot spots? CONTACT ME today!

http://www.BuyAndSellNorthIdaho.com/

Best Places To Build A Log Home

Coeur D'Alene recently received recognition once again as one of the Best Places To Build Your Log Home per Log Home Living Magazine.

Log Home Living Magazine stated the reasons they love it (even though it is pushing the upper reaches of their price limit) is because it's hard to argue with a spot where sparkling blue water meets forest mountains. Peppering the banks of 30-mile-long serpentine Lake Coeur D'Alene, the city has benefited from an influx of disaffected Californians anxious to transform their real estate gains into a slower pace of life. Downtown's stalwart historic buildings now house cool restaurants and shops, and world-class golf competes with spas and water sports for the leisure dollar. Plus, the wooded environs surrounding this old mining town simply beg for log homes!

Log Home Living Magazine states the reason you'll love it is there are a ridiculous number of things to do! Nearby, you've got 87 parks and campgrounds, 47 hiking trails, three ski areas, three rivers, and one really big body of water (Lake Coeur D'Alene). For armchair jocks, there also are miles of beach to sit back and scrutinize the activities of the more adrenalin-possessed. Should you ever want to leave (and Log Home Living Magazine thinks you're not sure you will), you're only 45 minutes from Spokane International Airport.

The full article can be found in the August 2007 Log Home Living Magazine.

On a personal note, I will have to agree with what they said - Coeur D'Alene is a great place to live AND a great place to build a log home!

Interested in log homes? Visit: http://www.ElkCountryConstruction.com/ as they are authorized independent reps for REAL LOG HOMES a industry leader in Log Homes.

Need that perfect parcel of land? Don't forget to stop by my website:

http://www.BuyAndSellNorthIdaho.com

THANKS AND DON'T HESITATE TO CONTACT ME FOR ALL YOUR HOME BUYING NEEDS HERE IN NORTH IDAHO!

~SARA~

March 07 North Idaho Real Estate Update

Hello everyone!

If you are thinking of moving to a small city in the Northwest, think Coeur d'Alene! Nestled on the Northern end of Lake Coeur d'Alene, this is the quiet but cosmopolitan hub of North Idaho. With approximately 90,000 people, this metro area includes many small towns within minutes of each other including Coeur d'Alene, Post Falls, Hayden and Hayden Lake, Rathdrum, Spirit Lake, and Dalton Gardens.

North Idaho College is located in Coeur d'Alene as are branches of University of Idaho, & Lewis and Clark State College (very highly rated). Lots of local and many national retail businesses are located here. And if you crave more big city ammenities such as professional theatre, museums and the like, Spokane, with almost 400,000 people, is only one half hour to the west.

Being on the juncture of Lake Coeur d'Alene and the Spokane River, & near the Coeur d'Alene River, the St Joe River, water and snow sports plays a very big part of the attraction here for residents and vacationers alike! Real Estate is affordable here compared to many of the Northwest cities.

Last year it was hard to sell a home as there were more sellers than buyers. This year we are seeing a bit of a change. Most buyers will be able to find a home they like and not have to compete against other buyers.

THIS IS A GREAT TIME TO BE A BUYER HERE!! There is a large inventory of homes to choose from, sellers are still negotiable on their prices, and the interest rates are still very reasonable (approx 6.1% interest). This is a buyer's market as there is an 13 month supply of single family homes on the market. The AVERAGE sales price is $269.504 and the average days on the market is 100. The median sales price is $200,000, and there were 175 homes sold in the month of February, 2007.

The starting point for a house now is about $175,000 for 1000 sf and $2200,000 for a 1500 sf home.

Coeur d'Alene received news coverage as a hot economic place to work!! Use the link below to view the article:
http://www.bizjournals.com/edit_special/30.html

Feel free to browse my website for more information and don't forget to be using the Home Buyers Marketing program to shop for you new home!

Let me know if you have any questions as I am here to help!

SARA
http://www.BuyAndSellNorthIdaho.com