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- 5 properties were withdrawn (temporarily taken off the market)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- 0 properties were withdrawn (temporarily taken off the market)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
This post was written by Christina Ethridge North Idaho Real Estate on November 7, 2008
