We have sailed through the better part of another summer here in beautiful north Idaho. Here are the stats for all of the waterfront sales in Idaho in the Coeur d'Alene Multiple Listing Service for the seven month period of January 1, 2014 through August 16, 2014. These statistics include all lakes and rivers in all towns in the Coeur d'Alene Multiple Listing Service. Let me know if you would like the stats for a specific body of water and I will get them to you quickly!
ACTIVE LISTINGS: 385
PENDING LISTINGS: 31
CLOSED LISTINGS: 81
Average Listing Price: $1,091,407
Average Sale Price: $641,333
List to Sale Price Ratio: 93.7%
Average Days on Market of SOLD Listings: 189
Average Days on Market of Active Listings: 160
Clearly, it remains a buyers market for waterfront properties in North Idaho. On the bright side, I noticed on the hot sheet yesterday that two high end waterfront listings on Lake Coeur d'Alene just went pending, one at $7M and another at $6.8M.
If you are a seller, make sure you have a savvy agent who can advise you as to your best strategy to achieve your objectives.
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