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!
