Good news for home seller is Post Falls, Idaho.
The good news is that single family home sales in Post Falls in the last 12 months are up 10% over the previous 12 months. The average sales price is up 6% over the previous time frame. Coeur d’Alene and Hayden are about the same. Our rural areas in the county have yet to show this positive result.
The interesting fact in the data is that Foreclosures “REO’S” have dropped overall in our area 13% in the last 12 months.
Now that is being offset by the increase in short sales. Why you ask well I believe that there are 3 reasons. First the Banks are actually realizing that it costs them less money to do a short sale and they are handling a short sale better and secondly we are able as Realtors to give the consumers better information. Thirdly people are not waiting until they get a notice of default to talk about a short sale.
By the way short sales only increased by 2%
If you or someone you know is considering a Real Estate transaction such as selling their home, The good news for home resales is that new construction across the board in January just went up about 7% . It always use to be that new constructions was more expensive than a resale home, but for the last several years this has not been true. We are now seeing this again and so for resales this is a good thing.
If you are a buyer and you are trying to buy a new construction home you will find that there is very little if any negotiation in price.
Patsy Barten provides a level of Real Estate Service that “You are proud to Refer” to buyer and sellers in Post Falls, Coeur d’Alene and Kootenai County, Idaho.
No matter how big or small your real estate dreams may be, you can call me in confidence. Please call today and let me know what I can do to be of service to you. Patsy Barten 208 818-6622.