Coeur d'Alene, Post Falls, Hayden Lake Homes for Sale: Inventory Levels Make a Huge Leap

As many of you know, I track our north idaho real estate homes for sale inventory on an almost weekly basis.  It's been 12 days since I checked out what has been happening.  On March 12th, the Coeur d'Alene Multiple Listing service had a total of 5,459 properties available for sale.  These available properties included residential homes, multi-family properties, vacant land for sale, commercial properties and businesses for sale.  It's our total 'inventory' if you will.  I also track the numbers individually, because as we all know, looking at the overall picture is just one slice of the pie.

On March 12th we had 2,983 residential homes for sale in Kootenai County. Today we have 3,146 homes available for sale.  I've been communicating with all potential north idaho real estate sellers that it will be like a light switch in the middle of March.  People will suddenly flood the market with the homes they want to sell.  In less than 12 days, we've gained another 191 homes for buyers to choose from.  This makes it all the more important that you determine what the true value of your home is, not last years value, not next years value, not the value you hope it's worth, not the value you perceive it to be worth, but the true market value, a value that will sell your North Idaho home with all of the competition that is on the market.  You can sell your home at a solid price without giving it away.  Overpricing in this market will cost you a lot of money, and it's likely you'll either not sell the property, or, if you do sell, you'll get less for the property than it's truly worth because you didn't price it right to begin with.  I am an expert at pricing properties to sell.  Let me help you.  Don't lose money, make money.

Overall, we are up 414 properties as compared to just 12 days ago.  Historically, the numbers will continue to rise until sometime in July/August, at which point we will plateau and the numbers will start to decrease again.  The absolute best time to sell your home, at the highest possible price, is right now.  We are in the thick of it right now.  Total available properties for sale as of today, March 24th is 5,873.  We are already close to last years highest inventory level, which was 6,150 and was hit August 30th.  We are going to surpass that level early on this year it looks like.

Give me a call (208.769.9464 or 208.819.2965), drop me an email.  Let's talk about your property and see how I can help you achieve your real estate goals.

Visit us to find out what the value of your Coeur d’Alene Idaho home is.

© 2007 Christina Ethridge
David Swarat’s North Idaho Dream Team LLC
Full Service Real Estate & Property Management
“Let Our Family Help Your Family”