Sandpoint, Idaho Market Trends through April, 2010.

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Real Estate Agent with Coldwell Banker Realty-Schweitzer Mountain, Sandpoint, Idaho SP37235

Sandpoint, Idaho Market Trends through April, 2010.

The stats are in and there are some interesting developments in sales here in Sandpoint, Idaho. The City Planners focus this year has been on the revitalization of Sandpoint's city limits and appears it has been working.  The average price is now on the rise (up 2.6% from 2009 and almost 6% from 2008) and the volume is up 80% from 2009!  I would suggest the volume increase has a lot to do with the end of the first-time home buyer program based on the fact that "days on market" increased almost 50%. It would appear buyers were picking up the listings languishing on the market in the attempt to beat the "first-timer" deadline.

Prices seem to have stabilized near the 2008 benchmark for now.  ...stay tuned. 

SANDPOINT MARKET TRENDS

 

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Ambassador
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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Kent, very good details for your market. Things do look like they are improving, which is great news!

May 08, 2010 12:28 PM #1
Rainmaker
205,105
Kent Anderson
Coldwell Banker Realty-Schweitzer Mountain, Sandpoint, Idaho - Sandpoint, ID
from Schweitzer to the Lake
Hi Andrea - They are improving. I just had a nice condo sale in a building on the mountain that hasn't seen a sale for 2 years! Let's keep our fingers crossed!
May 08, 2010 04:27 PM #2
Rainmaker
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Lori Cofer
Beasley Realty - Moscow, ID
REALTOR, Moscow Idaho Real Estate

"I would suggest the volume increase has a lot to do with the end of the first-time home buyer program based on the fact that "days on market" increased almost 50%"

 

That's good news ... 

BTW, you have a very nice and organized market report.

 

 

 

 

 

May 15, 2010 06:44 AM #3
Rainmaker
205,105
Kent Anderson
Coldwell Banker Realty-Schweitzer Mountain, Sandpoint, Idaho - Sandpoint, ID
from Schweitzer to the Lake

Hey, thanks Lori.  I was in Moscow all weekend for the Region 1 District Tennis Championships.  Moscow is great!

May 16, 2010 04:48 PM #4
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Rainmaker
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Kent Anderson

from Schweitzer to the Lake
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