 |
 |
 |
 |
 |
 |
 |
Find the best homes and land in North Idaho! North Idaho Real Estate - Year to Date Statistics Current YTD figures through February 28th, 2010 For Figures through December 30th 2009 see our Fourth Quarter Homes Sales Report. Enter your email address to be notified when this article is updated! References made to "last year" or similar phrases references the same period of the prior year unless specifically stated otherwise. The First Time Home buyers Tax credit is set to expire soon! If you have not owned a home in the past three years you may qualify for this credit of up to $8000! HEADLINE: As is always the case when only one or two months of data is available, the numbers are not yet particularly meaningful. However most categories continue to show increases in units sold and Single Family Homes on less than an acre show a relatively mild price decline of only six percent. Increased sales and flattening prices is often indicative of a market bottom. Statistics for North Idaho Real Estate:
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: 204 units sold this year versus 155 last year, up thirty one percent. Average price sold this year was $173,584 versus $186,162 last year, a decrease of 6%. Residential units on Acreage: 47 units sold this year versus 30 last year. Average price sold was $347,207 versus an average of $282,310 in 2009. Waterfront and Secondary Waterfront Properties: 8 waterfront and 7 secondary waterfronts sold in 2010 versus 5 and 1 respectively in 2009. Multi-Family Units: 7 versus 4. Townhouse/Condo: 28 this year versus 8 last year. Vacant Land on 1-10 acres: 21 versus 11. Vacant Land over ten acres: 6 versus 10 last year. Spotlight Area: Coeur d'Alene showed the largest number of sales in terms of all residential units sold in the first two months of 2010. What's more is that the large jump in year over year figures was accompanied by a three percent rise in average sold prices! Price capitulation appears to be in place for many of the categories as seen by stabilized or even increased numbers of units sold - at the lower prices. Raw land continues to get hammered in both price and units sold. Sellers need to price aggressively but current data shows that when reasonably priced the home can find a market. 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!
To see data on Washington County Home Prices and Sales, click here. |
North Idaho Residentials Sold Through 11/30/2009
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 11/30/2009
5 Acre buildable lots with power and phone nearby!
|
| Data obtained from the Coeur d'Alene Association of Realtors and other sources deemed to be reliable but is not guaranteed. | North Idaho Real Estate Statistics |
Graphical View of Market Inventory (lower is better) 
Each Office Is Independently Owned And Operated. Equal Housing Opportunity. Some information on this site is provided by CAR MLS. Information deemed to be reliable but is not guaranteed.
