Tuesday, March 15, 2011

Home sales jump in parts of Kootenai

Home sales jumped in northwest Kootenai County and the Silver Valley in the first couple months of this year and showed a significant drop in the southern Panhandle compared to last year, according to recent figures.
Sales doubled in the Silver Valley, according to figures released by the Coeur d'Alene MLS, and jumped by 275 percent in Rathdrum and the Twin Lakes area, writes Kim Cooper, the spokesman for the Coeur d'Alene Association of Realtors.
The increase in number of sales doesn't translate into a hike in prices, Cooper wrote in Sunday's Coeur d'Alene Press. And the percentages exaggerate the real numbers.
In the Silver Valley, the number of sales in January and February of 2011- as compared to January and February of 2010 - increased from 8 to 16.
Combined sales in Rathdrum and Twin Lakes increased from 4 in 2010, to 15 this year, Cooper said.
Prices seem to be trending upward in Hayden, where figures show a 36 percent increase in sales and a 10 percent price increase.
Most areas covered by the MLS showed price declines including Post Falls and Coeur d'Alene.
The biggest price decline was in Benewah County where five homes sold in the first two months of this year.

Read Cooper's article here:
http://www.cdapress.com/real_estate/article_a08106f7-4e64-5a50-8687-878e9afab619.html

-Ralph Bartholdt

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