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Coeur d'Alene Housing Market

Honest * Experienced * Committed

Today's market is a buyer's market. Just putting a property in the MLS, putting up a For Sale sign and putting it in the local newspaper once in a while will not sell your property in this type of market. As of 1 May 2010, there were 3,721 homes on the market in the Coeur d'Alene MLS (227 homes sold in Apr). Of those homes active on the market there are 459 (100 on acreage) on the market between $200,000 to $300,000, that were 3+ bedrooms, 2+ bathrooms, 2+ car attached garage and master bathroom. These numbers do not include homes without a master bath,  car attached garage or manufactured homes. Between $300,000 to $400,000 there were 292 homes (124 on acreage). Between $400,000 to $500,000 there were 138 homes (70 on acreage). Between $500,000 to $1,000,000 there were 284 homes (139 on acreage). Over $1,000,000 there were 148 homes (76 on acreage). Your property needs to stand out  from the rest. It needs to appear where a buyer will see it. My marketing plan takes out the "luck factor" in selling your home. By putting it in the MLS, local newspaper and putting up a For Sale sign you are lucky if your home sells in this competitive market. If you want to increase your chances of selling your home, read what is below.
Number going up. Number going down.
The only number you want to see in the RED is the number of homes sold. The rest should be in GREEN showing the market is improving.

Kootenai County Appreciation/Depreciation

Depreciation for the last 12 months (Jun 09 to Jun 10) - -8.0%
Depreciation for 2009 -
-14.0%
Depreciation for 2008 -
-5.8%
Depreciation for 2007 -
-2.8%
Appreciation for 2006 - +13.3%
Appreciation for 2005 - +29.3%
Appreciation for 2004 - +15.5%
Appreciation for 2003 - +11.5%
Appreciation for 2002 - +12.2%
Appreciation for 2001 - +9.1%


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