The meeting scheduled for April 3rd has been canceled. Apparently, the ‘correct process’ was not done to hold the meeting.
Be looking for more information on this coming to current homeowners. The process will be done correctly and a new meeting will be scheduled.
As soon as I know something, I’ll let you know here.
Posted under For Investors, For Sellers
This post was written by Christina Ethridge North Idaho Real Estate on March 31, 2008
Unfortunately, there is no resolution on this issue, so at this point, all I can do is report it to you:
City, homeowners group pass on option to buy Prairie Falls golf course
POST FALLS — Prairie Falls Golf Club is for sale for $6 million, leaving 242 property owners in limbo wondering whether they’ll be viewing greens or more homes in the future and whether North Idaho will lose an option for affordable golf.
Both the city and the Prairie Falls Homeowners Association were recently approached to see if they were interested in acquiring the 120 acres in the north-central part of the city, but there were no takers.
A worker at the course said on Friday that golf play will continue for the rest of the year, regardless of whether it sells.
But, beyond that, it’s unclear whether the property or a portion of it will remain a course or be homes in the future.
Here is a news article on this, although I’m not sure it’ll be very helpful.
Posted under For Investors, For Sellers
This post was written by Christina Ethridge North Idaho Real Estate on March 30, 2008
One of my main goals for this blog has been to provide accurate information, from stats to statements. Everything factual, provable, accurate. One of my biggest pet peeves is when someone spouts off information that is inaccurate. Even bigger, is when it is a colleague or someone working within the real estate industry.
If you ever hop on over the the Coeur d’Alene Press blogs, you’ll see all sorts of talkers spewing information about how terrible the housing market is locally, about how home prices are going to drop drastically (I’ve read one person who’s just certain it’s going to drop almost 40% by the end of the summer), and about how no one is moving into Kootenai County anymore because it’s just too darn expensive.
Interesting troll bait - but every single statement is mere opinion based upon nothing but the desire to be a doomsday / naysayer. Wishful dreamy thinking from those that missed their opportunity to make a big/quick buck buying real estate between 2003 and 2006.
So here’s the deal - the Coeur d’Alene Idaho metropolitan area was the 29th fastest growing metropolitan area in the nation. Coeur d’Alene competed against every single county with a population of 50,000 or more. That is 363 Metro areas. Kootenai County grew faster than 334 other counties.
This is exactly why our housing prices haven’t taken a dive. People still want to live here. People are still moving here.
Kootenai County’s population increased 2.8% between July 2006 and July 2007. That is 3,722 new residents, an average of 310 each month. Kootenai County has been averaging approximately a 3% increase every year for the past 7 years. That is a total of 23.7% increase over 2000.
For more information, please visit the US Census Bureau.
Posted under About the Area, Economics of North Idaho, For Buyers, For Investors
This post was written by Christina Ethridge North Idaho Real Estate on March 29, 2008
One of my main goals for this blog has been to provide accurate information, from stats to statements. Everything factual, provable, accurate. One of my biggest pet peeves is when someone spouts off information that is inaccurate. Even bigger, is when it is a colleague or someone working within the real estate industry.
If you ever hop on over the the Coeur d’Alene Press blogs, you’ll see all sorts of talkers spewing information about how terrible the housing market is locally, about how home prices are going to drop drastically (I’ve read one person who’s just certain it’s going to drop almost 40% by the end of the summer), and about how no one is moving into Kootenai County anymore because it’s just too darn expensive.
Interesting troll bait - but every single statement is mere opinion based upon nothing but the desire to be a doomsday / naysayer. Wishful dreamy thinking from those that missed their opportunity to make a big/quick buck buying real estate between 2003 and 2006.
So here’s the deal - the Coeur d’Alene Idaho metropolitan area was the 29th fastest growing metropolitan area in the nation. Coeur d’Alene competed against every single county with a population of 50,000 or more. That is 363 Metro areas. Kootenai County grew faster than 334 other counties.
This is exactly why our housing prices haven’t taken a dive. People still want to live here. People are still moving here.
Kootenai County’s population increased 2.8% between July 2006 and July 2007. That is 3,722 new residents, an average of 310 each month. Kootenai County has been averaging approximately a 3% increase every year for the past 7 years. That is a total of 23.7% increase over 2000.
For more information, please visit the US Census Bureau.
Posted under About the Area, Economics of North Idaho, For Buyers, For Investors
This post was written by Christina Ethridge North Idaho Real Estate on March 29, 2008
People are simply ready to panic - they want to panic. They need drama in their lives. They can’t handle calm, relaxing reality.
What am I talking about? Those that are up in arms and spewing drama about Coeur d’Alene on it’s last legs - that Coeur d’Alene real estate values are going to plunge 10% - 20% - 30%. Gong - you’re wrong. They ignore reality.
Here’s a case in point. When Coldwater Creek laid off 60 some employees a few months ago (outside of their normal past-Christmas lay off of customer service reps), people started panicking. I heard it on blogs, in person, in the news, etc. No one wanted to hear that it might be a restructuring of a department or area, that it might have been an excuse to get rid of inefficient employees, etc. The extremists made sure that the world knew that it was the beginning of the end - for potentially Coldwater Creek AND Coeur d’Alene.
Now Coldwater Creek is expanding their facilities.
Despite recent layoffs and a downturn in its sales, Coldwater Creek Inc. is proceeding with an expansion project that includes a $9 million, four-floor office building and a $2 million addition to its call center in northwest Coeur d’Alene.
Coldwater Creek, the Sandpoint-based women’s clothing retailer, says the new Coeur d’Alene structure will house the company’s growing information-technology operations.
Lydig also is constructing a 14,000-square-foot addition onto the east side of that center, Singer says. He says the addition will include an employee fitness center, an expanded kitchen and dining area, and additional loading-dock and storage capacity.
Coldwater Creek laid off 65 employees at several of its facilities earlier this month due to lagging sales, but said the action was intended to “position us for sustainable growth,” and the company remains committed to continuing its operations in the Sandpoint and Coeur d’Alene areas.
Article here.
Posted under Economics of North Idaho
This post was written by Christina Ethridge North Idaho Real Estate on March 28, 2008
People are simply ready to panic - they want to panic. They need drama in their lives. They can’t handle calm, relaxing reality.
What am I talking about? Those that are up in arms and spewing drama about Coeur d’Alene on it’s last legs - that Coeur d’Alene real estate values are going to plunge 10% - 20% - 30%. Gong - you’re wrong. They ignore reality.
Here’s a case in point. When Coldwater Creek laid off 60 some employees a few months ago (outside of their normal past-Christmas lay off of customer service reps), people started panicking. I heard it on blogs, in person, in the news, etc. No one wanted to hear that it might be a restructuring of a department or area, that it might have been an excuse to get rid of inefficient employees, etc. The extremists made sure that the world knew that it was the beginning of the end - for potentially Coldwater Creek AND Coeur d’Alene.
Now Coldwater Creek is expanding their facilities.
Despite recent layoffs and a downturn in its sales, Coldwater Creek Inc. is proceeding with an expansion project that includes a $9 million, four-floor office building and a $2 million addition to its call center in northwest Coeur d’Alene.
Coldwater Creek, the Sandpoint-based women’s clothing retailer, says the new Coeur d’Alene structure will house the company’s growing information-technology operations.
Lydig also is constructing a 14,000-square-foot addition onto the east side of that center, Singer says. He says the addition will include an employee fitness center, an expanded kitchen and dining area, and additional loading-dock and storage capacity.
Coldwater Creek laid off 65 employees at several of its facilities earlier this month due to lagging sales, but said the action was intended to “position us for sustainable growth,” and the company remains committed to continuing its operations in the Sandpoint and Coeur d’Alene areas.
Article here.
Posted under Economics of North Idaho
This post was written by Christina Ethridge North Idaho Real Estate on March 28, 2008
This is not related to North Idaho Real Estate but it is still on topic (real estate in general). Plus it’s just plain interesting. . .
Dutch architect plans for a floating future . . .
The inevitable rise in sea level that comes with climate change is going to make it increasingly difficult to control flooding in low-lying Holland. But instead of cursing their fate, architects are designing a new Holland that will float on water, and the Dutch government seems willing to try out the scheme. Holland has made other countries begin to question, too. Who says you have to live on dry land?
Posted under General Real Estate, What the heck!?
This post was written by Christina Ethridge North Idaho Real Estate on March 27, 2008
More details on the shopping center that is currently planned for the intersection of Prairie Avenue and Highway 41 in Post Falls, Idaho:
A national developer is planning to build a 470,000-square-foot community shopping center on the Rathdrum Prairie.
The Post Falls City Council will hear the annexation request from Cincinnati-based Phillips Edison and Co. on Tuesday. The council will decide whether it wants to consider a formal annexation request.
The conceptual site plan, which will not be considered by the council on Tuesday, calls for two big-box anchors that will be in the back of the development, complementary businesses such as restaurants, banks and gas stations that will front Highway 41 and mid-sized boxes that will be in front of the railroad tracks. The center is part of the Prairie Crossing development.
Fred Meyer, Home Depot and Walgreen’s are among the possible anchors — all three are signature stores for Phillips Edison projects
More details at the CDA Press article here.
Posted under Economics of North Idaho
This post was written by Christina Ethridge North Idaho Real Estate on March 26, 2008
Sunshine Meadows Owners Association, Inc.
April 3rd, 2008
6:30pm
ELKS LODGE
1170 W. Prairie Avenue
Coeur d’Alene, ID 83815
Purpose:
Elect new board of directors
Moderator:
Stan Woods
Special Membership Meeting Agenda
Sunshine Meadows Owners Association, Inc.
Posted under For Investors, For Sellers
This post was written by Christina Ethridge North Idaho Real Estate on March 25, 2008
I just want to remind you that we have implemented the new Smart Key lock changes. For more details, please visit our blog post about it here. We’ve also sent out information in our March newsletter which should be reaching you between March 18th - 21st.
Posted under For Investors, property management
This post was written by Christina Ethridge North Idaho Real Estate on March 13, 2008
