North Idaho Real Estate Blog Keeping the “invisible” property owners of Kootenai County in-the-know, as if you were here on a daily basis. 208.769.9464 * dreamteam @ nidt . com * Author: Christina Ethridge, REALTOR(R)

Here’s what’s been happening in the Kootenai County real estate market in the past 7 days…

Residential Real Estate in Kootenai County:

• 2,521 residential properties are available for sale
• 30 properties received offers and went into pending status.
• 39 properties were closed and recorded (sold)
• 144 properties expired (failed to sell)
• 32 properties were canceled (taken off the market until another time)
• 5 properties were withdrawn (temporarily taken off the market)

Inventory is decreasing which is very typical for this time of the year.  So many people think of it as taking the last gulp of air right around the end of October and start breathing again in March.  The thing is, properties still sell in the winter - people still move.  The key?  Price your home perfectly so it doesn’t languish on the market over the winter months.  Buyers are in a prime position - plenty of options, not much buyer competition.

Multi-Family Real Estate in Kootenai County

• 91 multi-family properties available for sale
• 0 properties received offers and went into pending status
• 1 property was closed and recorded (sold)
• 2 properties expired (failed to sell)
• 0 property was canceled (taken off the market until another time)
• 0 properties were withdrawn (temporarily taken off the market)

There are plenty of Multi-Family properties available right now.  This is a ripe time to buy as properties have been languishing on the market and many sellers are ready and willing to consider lower but serious offers.

Posted under Market Reports

2008 Residential Real Estate Stats for Kootenai County - North Idaho Real Estate

A quick look at the residential real estate market in Kootenai County for the past 12 months.

Even with this crazy market, there are still some subsets that are doing very well.  For example, Coeur d’Alene residential homes are showing no drop in average or median sales price.  Homes in Rathdrum and Hauser have shown an 8% (average) & 9% (median) increase in sales price.  We are seeing a higher list price now than the average over the past 12 months and days on market are still very good for our area.

2,943 Active listings
$475, 242 Average list price (today)
$412,577 Average list price over past 12 months
2,198 Sold homes
$270,005 Average sold price
123 Average days on market
2,597 Expired homes (homes that failed to sell)

What’s it look like?  Like this:

10 Year Comparison Feb thru July

This is a comparison chart, provided by the Coeur d’Alene Multiple Listing Service of the past 10 years - February through July only - total number of sales.  Currently, we are sitting somewhere between 2001 and 2002 (although this isn’t totally accurate as it only shows and compares the past 6 months).  This is not a year-over-year comparison.

All information is taken from the Coeur d’Alene Multiple Listing Service.  Information deemed reliable but is not guaranteed.  Information provided is for Kootenai County only and does not encompass all areas that the Coeur d’Alene Multiple Listing Service includes.

Posted under Market Reports

Avalon Estates, Post Falls Idaho

Overall Market Analysis for May 2008

Sold / Closed: 0

Pending: 0

Currently for sale: 3
Average list price $229,000
Average square feet 2,105
Current DOM 177

For a PDF of this information, including photos & more details, email me.

More North Idaho residential real estate stats for May 2008:

County:
Kootenai County

By Town:
Coeur d’Alene/Dalton Gardens | Post Falls | Hayden | Rathdrum/Hauser

By Community:
Coeur d’Alene Place | Harmony Place | Hawks Nest | Sunshine Meadows | The Landings at Waterford | Broadmoore Estates | Best Hill Meadows | Bentwood Park | Armstrong Park | Fieldstone | Prairie Falls | Woodbridge | Avalon Estates | Greensferry Landing | Riverside Harbor | Hunters Glen | Northridge |

Don’t see your community? Let me know.

Posted under Market Reports

Fieldstone at Prairie Falls, Post Falls Idaho

Overall Market Analysis for May 2008

Sold / Closed: 4
Average list price $198,892
Average sold price $196,718
Sales price/list price ratio 99%
Average square feet 1,696
DOM 79

Pending: 15
Average list price $218,502
Average square feet 1,902
DOM 206

Currently for sale: 43
Average list price $223,430
Average square feet 2,013
Current DOM 86

For a PDF of this information, including photos & more details, email me.

More North Idaho residential real estate stats for May 2008:

County:
Kootenai County

By Town:
Coeur d’Alene/Dalton Gardens | Post Falls | Hayden | Rathdrum/Hauser

By Community:
Coeur d’Alene Place | Harmony Place | Hawks Nest | Sunshine Meadows | The Landings at Waterford | Broadmoore Estates | Best Hill Meadows | Bentwood Park | Armstrong Park | Fieldstone | Prairie Falls | Woodbridge | Avalon Estates | Greensferry Landing | Riverside Harbor | Hunters Glen | Northridge |

Don’t see your community? Let me know.

Posted under Market Reports

The Landings at Waterford Market Report January 1, 2008 through March 31st, 2008

There are currently 36 homes for salein The Landings at Waterford, with an absorption rate of 6.8 months. Absorption rate means that if no other homes became available for sale in The Landings at Waterford, it would take 6.8 months to sell the 36 that are currently for sale. Current homes for sale range in price from $155,900 to $390,000. Days on market range from 1 to 144.

If you want your home in The Landings at Waterford to sell in 3 months or less, you must price it lower than any other comparable within The Landings at Waterford and price it in the bottom 1% of prices for surrounding comparables. Don’t forget, new construction is your competition.

Homes that have sold and closed are averaging $120.30 per square foot with an average of 103 days on the market. Current homes for sale are listed for an average of $121.90 per square foot with an average of 62 days on the market as of today. What does this mean? It means that currently listed homes on average are priced appropriately for the market.

Our advise for owners - sell but price competitively. If you are interested in selling your home in The Landings at Waterford, now would be a good time to give it a whirl. As we all know, the market can and does change on a dime, but it appears to be going in the right direction and advantageous to home owners.

If you would like to know the sell-able market value of your home in The Landings at Waterford, connect with us, there is no obligation.

More North Idaho residential real estate stats for May 2008:

County:
Kootenai County

By Town:
Coeur d’Alene/Dalton Gardens | Post Falls | Hayden | Rathdrum/Hauser

By Community:
Coeur d’Alene Place | Harmony Place | Hawks Nest | Sunshine Meadows | The Landings at Waterford | Broadmoore Estates | Best Hill Meadows | Bentwood Park | Armstrong Park | Fieldstone | Prairie Falls | Woodbridge | Avalon Estates | Greensferry Landing | Riverside Harbor | Hunters Glen | Northridge |

Don’t see your community? Let me know.

Posted under Market Reports

Please note - this information only encompasses Coeur d’Alene Place residential properties. It does not include the entire Coeur d’Alene MLS (commercial, businesses, etc nor other geographic areas included in the MLS).

Residential Stats for May 2008

Active Listings: 54
Average listing price $252,793
Average square feet 2,097
Average list price per sq. ft. $126.96
Average days on market 92

Pending Listings: 11
Average pending price $259,205
Average square feet 2,123
Average pending price per sq. ft. $123.83
Average days on market 176

Closed Listings: 1
Average closed price (listed) $386,990
Average closed price (sold) $365,000
Average list/sale price: 94%
Average square feet 3,232
Average closed price per sq. ft. (listed) $119.74
Average closed price per sq. ft. (sold) $112.93
Average days on market 153

Months of inventory
… based upon closings: 54 months
… based upon pendings: 4.9 months

More North Idaho residential real estate stats for May 2008:

County:
Kootenai County

By Town:
Coeur d’Alene/Dalton Gardens | Post Falls | Hayden | Rathdrum/Hauser

By Community:
Coeur d’Alene Place | Harmony Place | Hawks Nest | Sunshine Meadows | The Landings at Waterford | Broadmoore Estates | Best Hill Meadows | Bentwood Park | Armstrong Park | Fieldstone | Prairie Falls | Woodbridge | Avalon Estates | Greensferry Landing | Riverside Harbor | Hunters Glen | Northridge |

Don’t see your community? Let me know.

Posted under Market Reports

Please note - this information only encompasses Post Falls residential properties. It does not include the entire Coeur d’Alene MLS (commercial, businesses, etc nor other geographic areas included in the MLS).

Residential Stats for May 2008

Active Listings: 615
Average listing price $374,184
Average square feet 2,223
Average list price per sq. ft. $164.57
Average days on market 108

Pending Listings: 88
Average pending price $216,653
Average square feet 1,713
Average pending price per sq. ft. $128.44
Average days on market 147

Closed Listings: 47
Average closed price (listed) $195,488
Average closed price (sold) $190,511
Average list/sale price: 97%
Average square feet 1,666
Average closed price per sq. ft. (listed) $119.82
Average closed price per sq. ft. (sold) $117.68
Average days on market 123

Months of inventory
… based upon closings: 13.1 months
… based upon pendings: 7 months

More North Idaho residential real estate stats for May 2008:

County:
Kootenai County

By Town:
Coeur d’Alene/Dalton Gardens | Post Falls | Hayden | Rathdrum/Hauser

By Community:
Coeur d’Alene Place | Harmony Place | Hawks Nest | Sunshine Meadows | The Landings at Waterford | Broadmoore Estates | Best Hill Meadows | Bentwood Park | Armstrong Park | Fieldstone | Prairie Falls | Woodbridge | Avalon Estates | Greensferry Landing | Riverside Harbor | Hunters Glen | Northridge |

Don’t see your community? Let me know.

Posted under Market Reports

Please note - this information only encompasses Coeur d’Alene / Dalton Garden residential properties. It does not include the entire Coeur d’Alene MLS (commercial, businesses, etc nor other geographic areas included in the MLS).

Residential Stats for May 2008

Active Listings: 812
Average listing price $411,153
Average square feet 2,270
Average list price per sq. ft. $171.06
Average days on market 106

Pending Listings: 122
Average pending price $253,913
Average square feet 1,889
Average pending price per sq. ft. $134.06
Average days on market 130

Closed Listings: 64
Average closed price (listed) $250,830
Average closed price (sold) $240,001
Average list/sale price: 96%
Average square feet 1,996
Average closed price per sq. ft. (listed) $129.17
Average closed price per sq. ft. (sold) $124.69
Average days on market 117

Months of inventory
… based upon closings: 12.7 months
… based upon pendings: 6.7 months

More North Idaho residential real estate stats for May 2008:

County:
Kootenai County

By Town:
Coeur d’Alene/Dalton Gardens | Post Falls | Hayden | Rathdrum/Hauser

By Community:
Coeur d’Alene Place | Harmony Place | Hawks Nest | Sunshine Meadows | The Landings at Waterford | Broadmoore Estates | Best Hill Meadows | Bentwood Park | Armstrong Park | Fieldstone | Prairie Falls | Woodbridge | Avalon Estates | Greensferry Landing | Riverside Harbor | Hunters Glen | Northridge |

Don’t see your community? Let me know.

Posted under Market Reports

Please note - this information only encompasses Hayden & Hayden Lake residential properties. It does not include the entire Coeur d’Alene MLS (commercial, businesses, etc nor other geographic areas included in the MLS).

Residential Stats for May 2008

Active Listings: 426
Average listing price $485,300
Average square feet 2,622
Average list price per sq. ft. $183.05
Average days on market 103

Pending Listings: 56
Average pending price $276,773
Average square feet 2,413
Average pending price per sq. ft. $123.42
Average days on market 97

Closed Listings: 16
Average closed price (listed) $318,862
Average closed price (sold) $306,850
Average list/sale price: 96%
Average square feet 2,614
Average closed price per sq. ft. (listed) $129.87
Average closed price per sq. ft. (sold) $126.04
Average days on market 142

Months of inventory
… based upon closings: 26.6 months
… based upon pendings: 7.6 months

More North Idaho residential real estate stats for May 2008:

County:
Kootenai County

By Town:
Coeur d’Alene/Dalton Gardens | Post Falls | Hayden | Rathdrum/Hauser

By Community:
Coeur d’Alene Place | Harmony Place | Hawks Nest | Sunshine Meadows | The Landings at Waterford | Broadmoore Estates | Best Hill Meadows | Bentwood Park | Armstrong Park | Fieldstone | Prairie Falls | Woodbridge | Avalon Estates | Greensferry Landing | Riverside Harbor | Hunters Glen | Northridge |

Don’t see your community? Let me know.

Posted under Market Reports

Please note - this information only encompasses Rathdrum / Hauser residential properties. It does not include the entire Coeur d’Alene MLS (commercial, businesses, etc nor other geographic areas included in the MLS).

Residential Stats for May 2008

Active Listings: 295
Average listing price $328,353
Average square feet 2,076
Average list price per sq. ft. $160.84
Average days on market 88

Pending Listings: 22
Average pending price $272,379
Average square feet 1,857
Average pending price per sq. ft. $146.92
Average days on market 165

Closed Listings: 19
Average closed price (listed) $228,395
Average closed price (sold) $224,417
Average list/sale price: 98%
Average square feet 1,840
Average closed price per sq. ft. (listed) $127.19
Average closed price per sq. ft. (sold) $124.79
Average days on market 135

Months of inventory
… based upon closings: 15.5 months
… based upon pendings: 13.5 months

More North Idaho residential real estate stats for May 2008:

County:
Kootenai County

By Town:
Coeur d’Alene/Dalton Gardens | Post Falls | Hayden | Rathdrum/Hauser

By Community:
Coeur d’Alene Place | Harmony Place | Hawks Nest | Sunshine Meadows | The Landings at Waterford | Broadmoore Estates | Best Hill Meadows | Bentwood Park | Armstrong Park | Fieldstone | Prairie Falls | Woodbridge | Avalon Estates | Greensferry Landing | Riverside Harbor | Hunters Glen | Northridge |

Don’t see your community? Let me know.

Posted under Market Reports