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North Idaho Real Estate - Year to Date Statistics

Current YTD figures through March 31st, 2010

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References made to "last year" or similar phrases references the same period of the prior year unless specifically stated otherwise.

HEADLINE: Across the board increases in sales and flattening of prices in some categories which leads credence to our report back in October of last year that indicated that the housing market may have bottomed - finally. Continued year over year increases throughout the rest of 2010 will prove the theory.

Statistics for North Idaho Real Estate:

Graphical View of Market Inventory (lower is better)

But, as always, "market" is a relative term and the overall market may have little to do with any one specific home. So lets get specific:

Residential units on less than one acre: 798 units sold this year versus 585 last year, up thirty six percent. Average price sold this year was $174,317 versus $192,088 last year, a decrease of 9%.

Residential units on Acreage: 166 units sold this year versus 97 last year. Average price sold was $290,939 versus an average of $290,286 in 2009.

Waterfront and Secondary Waterfront Properties: 25 waterfront and 14 secondary waterfronts sold in 2010 versus 14 and 9 respectively in 2009.

Multi-Family Units: 19 versus 15.

Townhouse/Condo: 82 this year versus 44 last year.

Vacant Land on 1-10 acres: 57 versus 39.

Vacant Land over ten acres: 22 versus 21 last year.

Spotlight Category: Residential Acreage, after plummeting in price for months, has stabilized in the first five months of the year. People desiring to move to north Idaho and own their own home along with a gorgeous piece of real land are finally showing up and paying market value!

Individual ZIP Code Reports are now available! Check it out!

This should be good news for both buyers and sellers. Sellers may be at or near the bottom of the price barrel and buyers can currently pick up homes that are more affordable than they have been in decades. Buyer incentives continue to help and smart buyers are locking into the services of a licensed agent now! Call Real Estate Ron at 1.208.666.6264 and get your buyers' representation today.

If you are a Seller: Overall market numbers mean little to you. You need to know what price your home will likely sell for and how it can be marketed so that you can obtain optimal price within your desired 'time to market' timeframe. Call Real Estate Ron at 1.208.666.6264 (voicemail system will page an agent) to take the Sotheby's Listing Advantage today!

If you are a Buyer: You should be represented by an agent who can track down your dream home and then craft an offer that will take advantage of this Buyer's market! Call Real Estate Ron at 1.208.666.6264 (voicemail system will page an agent) to take the Sotheby's Buyers' Advantage today!

Note that the chart of sold properties in North Idaho reflects properties listed in the CDA MLS which includes some properties in Washington State as well.

The ZIP Code Maps helps show areas that have taken a long time to sell and areas of the highest prices, and is perhaps the easiest chart to understand. Nevertheless, if you are considering selling your home then analysis by ZIP Code is not what you want. A qualified CMA will look at your neighborhood, and contrary to popular belief neighborhood is not defined by geographical area alone!

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!

North Idaho Residentials Sold Through 5/31/2010

North Idaho Residential Average Sold Price by Zip Code

Residential Average Days on Market by ZIP Code

Avg square footage of sold properties by ZIP 5/31/2010

Average Taxes by ZIP Code