<h1>Hero Content</h1>Some more information here.

HeroSimplev3

beds

1 Bedroom

2 Bedroom

3 Bedroom

4 Bedroom

Buy a Home

Sell My Home

cost

Under $50k

$50k-$100k

$100k-$200k

$200k-$300k

$300k-$400k

$400k+

baths

1 Bath

2 Baths

3 Baths

4+ Baths

Rent

Sell

Everyone Deserves the Opportunity of Home

Exceptional Properties. Exceptional Clients.

The Coeur d'Alene, Idaho real estate market is buzzing with activity, and there’s so much to unpack from this past month-November 2024. Whether you’re considering buying your dream home or selling and upgrading, understanding key market metrics can give you the confidence to make informed decisions. Let’s dive in and explore the trends shaping our local real estate scene and what they mean for you! What Makes Coeur d'Alene Special? Before we jump into the numbers, let’s take a moment to appreciate what makes our area so incredible. Coeur d'Alene’s natural beauty, with its shimmering lakes, beautiful landscapes, and welcoming community vibe, makes it one of the most desirable places to live. Whether you’re looking for outdoor adventures or a peaceful retreat, this town truly has something for everyone. Months Supply of Inventory: 3.57 This critical metric represents how long it would take to sell all the homes currently on the market if no new listings appeared. With 3.57 months of inventory, the market is teetering between balanced and favoring sellers. Generally, a lower number signals a seller’s market, while a higher number indicates more opportunities for buyers. For sellers, this is your cue to prepare your property to stand out. For buyers, a balanced market means you still have options without the intense competition of a seller’s market. 12-Month Change in Months of Inventory: +9.17% The increase in inventory compared to last year is excellent news for buyers. More homes on the market provide greater selection, giving you the opportunity to find the perfect property. If you’re selling, it’s a reminder to position your home competitively. More inventory means buyers have choices, so showcasing your home’s unique value is key. Median Days on Market: 15 Homes are moving fast! With a median of just 15 days on the market, well-priced and well-marketed properties are snapped up quickly. Sellers, this is your moment to shine. Presenting your home in its best light can lead to swift offers. Buyers, be ready to act decisively. Work with a knowledgeable agent (hint: me!) to move quickly when you find the right fit. List-to-Sold Price Ratio: 97.8% On average, homes are selling for nearly 98% of their listing price, reflecting a strong, competitive market. For sellers, this means pricing your home accurately from the start is crucial to attracting motivated buyers. Buyers, it’s a sign to come prepared with solid offers. A competitive market like this rewards informed decisions and timely actions. Median Sold Price: $573,500 The median sold price provides a snapshot of the area’s home values. At $573,500, it’s clear that Coeur d'Alene remains an attractive and desirable market. Buyers can use this as a benchmark when planning their budget. Sellers, this figure can help set realistic expectations for your property’s value. A Glimpse Into the Future As we head into the winter months, the market might see some seasonal shifts, but Coeur d'Alene’s appeal ensures steady activity. Buyers can take advantage of potentially less competition during this time, while sellers should prepare their homes to shine in a slightly calmer market. Either way, planning ahead with expert advice is always a winning strategy. ​ What Does This Mean for You? For buyers, the slightly increasing inventory is creating more opportunities to find your dream home, but with quick turnaround times, having an expert guide on your side is critical. For sellers, the high demand and competitive pricing environment ensure your home can sell quickly and for top dollar—if you’re prepared and strategic. Navigating the real estate market doesn’t have to be overwhelming. With a deep understanding of local trends and personalized guidance, I’m here to help you achieve your goals, whether you’re buying, selling, or both. Let’s connect! I can provide detailed visual aids, including charts and infographics, to help you make sense of these numbers and craft a winning strategy tailored to your needs. Reach out today to discuss your unique needs and how we can make the most of this exciting market. Let’s turn your real estate dreams into reality!

Coeur d'Alene Real Estate Market Insights: November 2024

The sun is setting on your career, and the dawn of retirement is breaking. It's a time for reflection, relaxation, and perhaps...relocation? As you step into this new chapter of life, it's worth considering if your current home still fits the bill or if moving might be the perfect next step.
 
 Think about it - how long have you been in your current abode? Has it been decades since you first turned that key in the lock? Or maybe just a few years? Regardless of duration, homes are like old friends; they hold memories and comfort us with familiarity. But as we evolve over time, so do our needs and preferences.
 
 Consider this analogy: Your home is like a pair of well-worn shoes. They've served you well over the years but may not be suitable for where you're headed next. Retirement can mean more leisure time for hobbies or travel, less need for proximity to schools or work hubs, or even health considerations that necessitate single-level living.
 
 Now let's talk numbers - specifically equity. If you've lived in your house for many years, chances are high that its value has appreciated significantly. This equity could be a golden goose egg that funds a more comfortable retirement lifestyle than anticipated! Downsizing to a smaller home or moving to an area with lower cost of living could free up substantial cash reserves while also reducing maintenance responsibilities. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120045526.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" width="" height="" data-size="," data-align="none" data-percentage="auto,auto" data-index="0" data-file-name="image.png" data-file-size="55557" data-origin="," style=""></figure></div>Reflect on your retirement goals too. Are they filled with images of tranquil beachside strolls or vibrant city life explorations? Do they involve being closer to family members or having space for grandchildren to visit? Your dreams deserve center stage now more than ever before.
 
 Moreover, think about energy efficiency – an often overlooked factor when contemplating relocation during retirement. A newer home will likely have better insulation and energy-saving features which can significantly reduce utility bills – crucial when living on a fixed income.
 
 But remember, it's not just about the financials. It's about quality of life too. A new location can bring fresh experiences, opportunities to make new friends, and a chance to explore different parts of the world.
 
 So as you raise a toast to your career and look forward to days filled with possibilities, consider if moving might be part of your retirement adventure. Connect with a local real estate agent who can help you work your way through this exciting journey and find the perfect home that aligns with your vision for retirement.
 
 Retirement is more than an end; it's a beautiful beginning. And perhaps, in a brand-new setting, it could be even more enriching! Share your thoughts below on how you envision your ideal retirement lifestyle – we'd love to hear from you!
 
 Here’s to new beginnings!

Retirement: A Golden Opportunity to Embrace Change and Relocate

Are you curious about the current worth of your home sweet home in the breathtaking landscapes of North Idaho? Well, wonder no more! Greater North Idaho Homes is here to help you unveil the true value of your haven. Whether you're considering a move or simply want to stay informed, now is the perfect time to take the plunge and discover what your property is worth. Why Know Your Home's Value? Knowing the value of your home is a crucial step, especially in a dynamic real estate market. It empowers you to make informed decisions about your future, whether you're planning to sell, upgrade, or refinance. With the real estate landscape constantly evolving, having an accurate understanding of your property's value puts you in the driver's seat. Introducing Our FREE Valuation Tool We've made the process easy for you! Click the link below to access our FREE home valuation tool. It's a simple, hassle-free way to get an estimate of your home's current market value. Our tool considers various factors, including local market trends, comparable sales, and property specifics to provide you with a reliable estimate. [Get Your Free Home Valuation Now] How It Works: 1. Click the Link: Simply follow the provided link to our user-friendly valuation tool. 2. Enter Property Details: Fill in some basic details about your home. 3. Receive Your Estimate: Our tool will generate a quick estimate of your home's current value. Feel free to reach out to us if you've made any changes to your home that might not be reflected online; we're here to help fine-tune your valuation! The Benefits: - Informed Decision-Making: Understand the potential of your investment to make informed decisions about your next steps. - Explore Opportunities: Whether you're looking to sell, upgrade, or refinance, knowing your home's value opens up a world of possibilities. - Connect with Greater North Idaho Homes: Ready for a more in-depth discussion about your property? Our team is here to assist you every step of the way. Don't Miss Out! Your home is more than just a place; it's an investment in your future. Take the first step towards unlocking its true value. Click the link now and embark on a journey to discover the magic number that could shape your real estate future! [Get Your Free Home Valuation Now]

Unlock the Value of Your Home

Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of an empty nest. If something like this is changing in your own life, you may be considering buying or selling a house. That’s because through all these life-altering events, there is one common thread—the need to move. Reasons People Still Need To Move Today According to the National Association of Realtors (NAR) there have been a lot of this type of milestone or life change over the last two years (see graph below): <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120043448.png" alt="" width="" height="" style=""></figure></div>And, these big life changes are going to continue to impact people moving forward, even with the current affordability challenges brought on by higher mortgage rates and rising home prices. As Claire Trapasso, Executive News Editor at Realtor.com, says: “Because high mortgage rates, elevated home prices, and stubbornly low inventory make today’s housing market particularly challenging, many of today’s buyers are motivated by life changes, such as growing families, supporting elderly parents or grown children, or accommodating professional needs. . .” Lean On a Real Estate Professional for Help Whether you’re beginning your search for a home or preparing to sell your current house, you don’t have to go it alone. With their expertise, a real estate agent is an invaluable partner who can help you smoothly transition through these big moments in your life. Here are just a few examples. When Buying a Home If you’re welcoming a new addition and want more space, the need for a new home may be a top priority. While higher home prices and mortgage rates are creating challenges for buyers, you may have to find a way to meet your changing needs, even with today’s mortgage rates. A skilled real estate agent can help. Their expertise and knowledge of the local housing market can save you a considerable amount of time and stress. An agent will take the time to understand your specific needs, budget, and preferences, allowing them to narrow down your search and present you with suitable options. When Selling a House If you’re retiring or going through a separation or divorce, your main focus may be to make the most out of your investment when selling your house, so you can find one that works better for you moving forward. This is another place where a real estate agent’s expertise truly shines. They can accurately assess your home’s market value, suggest improvements to enhance its appeal, and craft a strategic marketing plan. Their negotiation skills are a big asset when it comes to making sure you get a fair price for your house, allowing you to move on to the next chapter of your life with confidence and peace of mind. No matter your situation, lean on a trusted professional for help as you buy or sell a home. Bottom Line If recent life-changing events have you wanting or needing to move, connect with a local real estate agent.

Events That are Life-Changing Can Move The Housing Market

<div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119114450.png" alt="" width="" height="" style=""></figure></div>If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices. They’re basing their negative news by comparing current stats to the last few years. But you can’t compare this year to the ‘unicorn’ years (when home prices reached record highs that were unsustainable). And as prices begin to normalize now, they’re talking about it like it’s a bad thing and making people fear what’s next. But the worst home price declines are already behind us. What we’re starting to see now is the return to more normal home price appreciation. To help make home price trends easier to understand, let’s focus on what’s typical for the market and omit the last few years since they were anomalies. Let’s start by talking about seasonality in real estate. In the housing market, there are predictable ebbs and flows that happen each year. Spring is the peak homebuying season when the market is most active. That activity is typically still strong in the summer but begins to wane as the cooler months approach. Home prices follow along with seasonality because prices appreciate most when something is in high demand. That’s why, before the abnormal years we just experienced, there was a reliable long-term home price trend. The graph below uses data from Case-Shiller to show typical monthly home price movement from 1973 through 2021 (not adjusted, so you can see the seasonality): <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119114533.png" alt="" width="" height="" style=""></figure></div>As the data from the last 48 years shows, at the beginning of the year, home prices grow, but not as much as they do entering the spring and summer markets. That’s because the market is less active in January and February since fewer people move in the cooler months. As the market transitions into the peak homebuying season in the spring, activity ramps up, and home prices go up a lot more in response. Then, as fall and winter approach, activity eases again. Price growth slows, but still typically appreciates. Why This Is So Important to Understand In the coming months, as the housing market moves further into a more predictable seasonal rhythm, you’re going to see even more headlines that either get what’s happening with home prices wrong or, at the very least, are misleading. Those headlines might use a number of price terms, like: Appreciation: when prices increase. Deceleration of appreciation: when prices continue to appreciate, but at a slower or more moderate pace. Depreciation: when prices decrease. They’re going to mistake the slowing home price growth (deceleration of appreciation) that’s typical of market seasonality in the fall and winter and think prices are falling (depreciation). Don’t let those headlines confuse you or spark fear. Instead, remember it’s normal to see a deceleration of appreciation, slowing home price growth, as the months go by. Bottom Line

What’s Happening with Home Prices

<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119113727.png" alt="" width="" height="" style=""></figure></div>When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point. 1. The Current Mortgage Rate on Existing Mortgages First, let’s look at the current rate on existing mortgages. According to the Federal Housing Finance Agency (FHFA), as of the fourth quarter of last year, over 80% of existing mortgages have a rate below 5%. That’s significant. And, to take that one step further, over 50% of mortgages have a rate below 4% (see graph below): <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119113808.png" alt="" width="" height="" style=""></figure></div>Now, there’s a lot of talk in the media about a potential foreclosure crisis or a rise of homeowners defaulting on their loans, but consider this. Homeowners with such good mortgage rates are going to work as hard as they can to keep that mortgage and stay in their homes. That’s because they can't go out and buy another house, or even rent an apartment, and pay what they do today. Their current mortgage payment is more affordable. Even if they downsize, with today’s higher mortgage rates, it could cost more. Here's why this gives the housing market such a solid foundation today. Having so many homeowners with such low mortgage rates helps us avoid a crisis with a flood of foreclosures coming to market like there was back in 2008. 2. The Amount of Homeowner Equity Second, Americans are sitting on tremendous equity right now. According to the Census and ATTOM, roughly two-thirds (around 68%) of homeowners have either paid off their mortgage or have at least 50% equity (see chart below): <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119113846.png" alt="" width="" height="" style=""></figure></div>In the industry, the term for this is equity rich. This is significant because if you think back to 2008, some people had to make the difficult decision to walk away from their homes because they owed more on the home than it was worth. But this time, things are different because homeowners have built up so much equity over the past few years alone. And, when homeowners have that much equity, it helps us avoid another wave of distressed properties coming onto the market like we saw during the crash. It also creates an extremely strong foundation for today’s housing market. Bottom Line We are in one of the most foundationally strong housing markets of our lifetime because homeowners are going to fight to keep their current mortgage rate and they have a tremendous amount of equity. This is yet another reason things are fundamentally different than in 2008.

Strong Real Estate Market Now

<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119112819.png" alt="" width="" height="" style=""></figure></div>We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them. Long-Term Benefits Outweigh Short-Term Challenges Owning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments going toward your home equity. Freddie Mac puts it this way: “Homeownership not only builds a sense of pride and accomplishment, but it’s also an important step toward achieving long-term financial stability.” The key there is long-term because the financial benefits homeownership provides, like home value appreciation and equity, grow over time. Those benefits are worth the short-term challenges today’s sellers’ market presents. Mortgage Rates Are Constantly Changing Mortgage rates have been hovering around 6.5% over the last several months. However, as Sam Khater, Chief Economist at Freddie Mac, notes, they’ve been coming down some recently: “Economic uncertainty continues to bring mortgage rates down. Over the last several weeks, declining rates have brought borrowers back to the market . . .” Lower mortgage rates improve your purchasing power when you buy, and that can help make homeownership more affordable. Hannah Jones, Economic Data Analyst at realtor.com, explains: “As we move into the spring buying season, mortgage rates have ticked lower, a welcomed sign of progress towards affordability.” The recent drop in mortgage rates is good news if you couldn’t afford to buy a home when they peaked. Home Prices Will Increase According to the Home Price Expectation Survey, which polls over 100 real estate experts, home values will go up steadily over the next few years after a slight decline this year (see graph below): <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119113243.png" alt="" width="" height="" style=""></figure></div>Rising home prices in the coming years mean two things for you as a buyer: Waiting to buy a home could mean it’ll become more expensive to do so. Buying now means the value of your home, and your net worth will likely grow over time. Bottom Line If you’ve been trying to buy a home, hang in there. Mortgage rates have ticked down some recently, home prices are forecast to increase in the coming years, and the long-term benefits of homeownership outweigh many of the short-term challenges. Connect with me today to learn more.

If You’ve Been Trying to Buy- Hang in There!

<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119111530.png" alt="" width="" height="" style=""></figure></div>There are obvious benefits of owning a home such as pride of ownership, status symbol, creation of assets and wealth, privacy, and feeling of freedom to customize according to your own liking. However, buying a home is a massive financial decision involving lots of money and a long commitment to a lender. Therefore, large numbers of individuals and families continue to live on rent. Here are the pros and cons of both owning a home and renting. Pros of Renting You pay a small amount of money upfront and enjoy living in a home You have no responsibilities towards upkeep and maintenance of the rented home You can easily move out and rent another home. Relocation is easy when you get a better job in another city. Cons of Renting The landlord can increase the rent every year Moving from one place to another can be difficult and costly You have less privacy and little freedom to personalize the space Pros of Buying a Home Pride of ownership Lots of privacy Freedom to update and renovate according to requirements No one can kick you out of your home You’ll enjoy the equity even if you cannot pay the mortgage under financial stress Ownership is a form of forced saving which allows you to create wealth You enjoy tax deductions when filing income tax returns Your home grows in value over a period You become rent-free after you have paid the mortgage Cons of Buying Relocation becomes very difficult. You cannot move to a new place because of your commitment to the lender. You need a large amount of money to pay for a down payment While buying a home has many advantages, buying or continuing to live on rent is totally dependent upon your circumstances. If you think you have settled in your life and earning enough to easily afford the EMIs to a lender, it is certainly prudent to try and buy a home for your family. On the other hand, if you are young and still hoping for a better job and career, it is advisable to live in a rented place. You can always think of buying when you have found a good paying job and started on your family.

Buying a Home Versus Renting

<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119104410.png" alt="" width="1071" height="294" style="width: 1071px; height: 294px;"></figure></div>If you're looking to buy or sell a home in the Coeur d'Alene area, it helps to have a good understanding of what's happening in the real estate market. Whether you're buying your first single-family home or thinking about selling your current place, knowing a few key things can really make a difference. Let's break it down so you can feel confident in your next steps. Months Supply of Inventory in Coeur d'Alene The "Months Supply of Inventory" tells us how many months it would take to sell all the homes currently on the market if no new homes were listed. Right now, Coeur d'Alene has about a 4.1-month supply. What does that mean for you? A balanced market—where neither buyers nor sellers have an advantage—typically has about a 6-month supply of homes. Since we only have 4.1 months, it's still considered a seller's market, meaning there's more demand than supply. If you're selling, that's good news because it often means quicker sales and higher offers. If you're buying, it means you'll want to be ready to act quickly when you find a home you love. 12-Month Change in Inventory in Coeur d'Alene We're seeing some changes, though. The supply of inventory has increased by about 13.26% compared to last year. This means we're moving a little closer to a balanced market. For sellers, it might mean that homes aren't flying off the market quite as fast as before, and for buyers, it might mean having more options and less competition. That could mean fewer bidding wars and a bit more breathing room. Median Days on Market for Coeur d'Alene Homes Another important piece of the puzzle is how long homes are staying on the market. Right now, homes in Coeur d'Alene are taking about 34 days to sell, on average. For buyers, this means that when you find a home you like, you need to move pretty fast because homes aren't staying available for long. For sellers, it means you have to be ready from day one—price your home right and make sure it looks its best so it sells within that timeframe. Homes that sit on the market longer are often those that are priced too high or don't show well. List to Sold Price Percentage in Coeur d'Alene Another thing to consider is how close homes are selling to their asking prices. Right now, homes are selling for about 95.9% of their list price. This means that most sellers are getting offers pretty close to what they ask for, but there’s still a little room for negotiation. If you’re selling, pricing your home competitively is still key. If you’re buying, it means that while there may be some room to negotiate, super low offers probably won't get you very far—most sellers are getting pretty close to what they're asking for. Median Sold Price for Coeur d'Alene Homes The median sold price for homes in Coeur d'Alene is $595,000. For sellers, this is a good benchmark to keep in mind when deciding on your list price—going too high above the median might turn buyers away, while going too low could mean missing out on potential profit. For buyers, this gives you an idea of what to expect when budgeting for your new home. It’s always helpful to work closely with your real estate agent to see how a home’s price compares to others that have sold recently. What Does This Mean for Buying or Selling in Coeur d'Alene? The Coeur d'Alene market is shifting but still leaning in favor of sellers. If you’re looking to sell, now is a good time, especially if your home is in good shape and priced well. If you’re buying, things aren’t quite as competitive as they were a year ago, but it’s still important to move quickly when you find the right home. Having a good real estate agent by your side makes all the difference. I’m here to help you understand these trends and use them to your advantage, whether you're buying or selling. Ready to Make Your Move in the Coeur d'Alene Real Estate Market? If you’re thinking about buying or selling, I’d love to help make the process as smooth as possible. Let’s chat about your goals and come up with a plan that fits your needs in today’s market. Reach out today, and let’s make your real estate dreams a reality!

Coeur d'Alene Idaho Real Estate Market Insights

ArticleDirectorySimple

<h1>Property Perspectives: Navigating the Real Estate Landscape</h1>Insights, Trends, and Strategies for Today's Home Buyers and Sellers

CallToActionSimple

Get help with all of your real estate needs!

Articles

Explore informative real estate articles by Debbie Taylor, offering expert tips, market insights, and advice for buying, selling, and investing in North Idaho. Stay informed and make confident decisions with Debbie's trusted guidance.

Property Perspectives: Navigating the Real Estate Landscape

Coeur d'Alene Real Estate Market Insights: November 2024

Retirement: A Golden Opportunity to Embrace Change and Relocate

Unlock the Value of Your Home

Events That are Life-Changing Can Move The Housing Market

What’s Happening with Home Prices

Strong Real Estate Market Now

If You’ve Been Trying to Buy- Hang in There!

Buying a Home Versus Renting

Coeur d'Alene Idaho Real Estate Market Insights

Get help with all of your real estate needs!

Home

SHOWCASE

HOME SEARCH

ABOUT

Account