<%@LANGUAGE="JAVASCRIPT" CODEPAGE="1252"%> North Idaho Third Quarter 2009 Residential Home Sales Data
 

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Residential Home Sales Data for North Idaho- Third Quarter 2009 Report:

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The third quarter and nine month numbers are in! While most of the Nation peruses rather dismal residential sales data, North Idaho has often stood out from the rest! Let's see if that was true in the first three quarters of 2009 versus the same period in 2008 in regards to residential home sales.

Is It Really That Bad?

We have all heard how bad the Real Estate market is, and continue to hear about foreclosures nationwide. But we also hear that the market in North Idaho is distinctively different than other parts of the country. So how did the market perform in 2009 as compared to 2008? Let’s find out!

3Q2009 Map of Solds

3Q Map of Solds 2009

HIGHLIGHTS:

Unit Type 2008 Units Sold 2009 Units Sold
Acreage 10+ 61 59
Acreage 1-10 135 87
Commercial w/land 47 34
Manufactured on Acreage 39 46
Multifamily 44 25
Residential w/Acreage 232 220
Residential Waterfront 52 53
Secondary Waterfront 17 25
Single Family <1 Acre 1439 1339
Townhouse/Condo 160 102
     
Unit Type 2008 Avg Sold Price 2009 Avg Sold Price
Acreage 10+ $355,867 $246,012
Acreage 1-10 $179,143 $78,164
Commercial w/land $510,820 $405,803
Manufactured on Acreage $185,689 $159,085
Multifamily $300,149 $225,832
Residential w/Acreage $362,844 $291,931
Residential Waterfront $913,227 $838,595
Secondary Waterfront $464,259 $255,320
Single Family <1 Acre $222,130 $189,316
Townhouse/Condo $262,117 $189,993
     

Although in many sectors prices have been hit hard we see see the steep decline in units sold leveling off a bit - with a few notable exceptions. Raw land under ten acres continues to be hurt in both number of units sold and price of units sold.

With Waterfront, Secondary waterfront and manufactured homes on acreage we actually see an increase in units sold - though this came at a reduced price.

Prices are generally down in the first three quarters of 2009, but the stabilization to some degree of units sold is encouraging in that this is typically the type of activity that occurs at the bottom of a market. As national housing data continues to improve we can anticipate the winter months to be slow - as usual for North Idaho - but to provide for the real potential for pent up demand which can affect both units sold and price of units in 2010.

Remember: Properly priced homes sell. If you are a home seller one of the most important steps you can take is getting a good, qualified CMA – not something spit out by computer!

 

 

 

 

 

First three quarters of 2009 Average Sold Price by Zip Code North Idaho

Average Days on Market

Average Days on Market First Three Quarters 2009 by ZIP Code

 

Buildable Lots

Above: North Idaho Duplex Great Cap Rate!

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Several buildable lots in North Idaho

typically 5-7 acres

priced $58,000 - $80,000

Several back State Land!

Call Real Estate Ron at 1.208.666.6264

 

 

Daylight RancherGorgeous Daylight Rancher on ten acres!

Spec Sheet

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Data obtained from the Coeur d'Alene Association of Realtors and is believed to be accurate but is not guaranteed. North Idaho 3Q 2009 Residential Home Sales Charts

 

 

 

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