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
Friday, March 02, 2007
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