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Find the best homes and land in North Idaho! North Idaho Real Estate - Year to Date Statistics Current YTD figures through July 31st, 2008 For Figures through June 30th see our Second Quarter and Full Half Home Sales Report for 2008 Enter your email address to be notified when this article is updated! It is usually a good idea to compare like periods in a current year to like periods in prior years, due to the seasonality of real estate. You can find just such information in our First Quarter 2008 Report or our First Half Sales Report. For a look at real estate in North Idaho on a year to date basis; keep reading! Are seven months of the year really gone? If we must resign ourselves to that fact then lets see what happened to North Idaho Real Estate in those seven months! Residential units on less than an acre sold through July 31st, 2008 averaged $225,343 in sold price, down only one percent over the same period in 2007. Median sold price was $194,995. Average days on market was 122. Overall the number of units sold was down about 24% over last year. Coeur d'Alene, Dalton Gardens and Post Falls saw the highest number of units sold. The Rockford/Windy Bay area had only three units sold, but that was up over the two units sold in the same period last year. The average sales price for these three units this year was about $1.14 million. The average sold price to list price at time of sale was 96.6%, while the average sold price to original list price was 90.3%, meaning that the owners listed their properties about ten percent too high, but made about a seven percent adjustment down in price in order to solicit an offer. Average prices in CDA/Dalton were flat over last year. Prices were still down ten and eleven percent in Post Falls and Hayden respectively. In Rathdrum, despite a near nine percent drop in units sold the average sales price was up 9.3%. Silver Valley also showed a 3.8% price increase in the first seven months of this year, despite the 27.6% drop in units sold. Bonner, Boundary and Benewah Counties also bucked the trend with price increases, and Benewah County actually had a thirty percent increase in units sold as well, up to thirteen units from ten last year. Overall vacant land sales were down 43% but averaged $199,594 in price, an increase of 15.6% over the first seven months of 2007. The average price sold for muli-family units was $299,246, down 4.2% over last year. The highest average price point for these units was in Washington County - though the CDA MLS includes only limited listings for Washington Counties. In North Idaho multifamily units sold at the highest average price in Bonner and Boundary counties, but with only 27 units sold total in the multi-family category throughout all areas the individual average price points are relatively meaningless thus far. 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 top chart reflects the locations of residentials on less than an acre sold year to date (YTD) as of the date of this report. The next chart shows their average price when sold by zip code. The third chart shows their average days on market, again broken down by ZIP code. 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! To see active listings from Tomlinson Sotheby's click here. 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!
To see data on Washington County Home Prices and Sales, click here. |
North Idaho Residential <1 Acre Sold 1/1/2008 - 7/31/2008
North Idaho Residential <1 Acre Average Sold Price by Zip Code 1/1/2008 - 7/31/2008
Average Days on Market by ZIP Code through 7/31/08 Blue Star is North Side of Lake Coeur d'Alene
Daylight Rancher overlooking Silver Beach Marina Click here for spec sheet or click picture for virtual tour
Above: Silver Valley River View Acreage! or click picture for virtual tour |
| Data obtained from the Coeur d'Alene Association of Realtors and is believed to be accurate but is not guaranteed. | North Idaho YTD Residential Home Sales Charts |
Each Office Is Independently Owned And Operated. Equal Housing Opportunity. Some information on North Idaho Real Estate is provided by CAR MLS. Information deemed to be reliable but is not guaranteed.
