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    Real Estate Data for North Idaho - 2007 Versus 2006
    by Ron Olive


    Residential Home Sales Data for North Idaho- A Comparison Report:

    So how did the residential housing market compare in 2007 versus 2006 data? The results may surprise you!

    In Post Falls, Hayden and Silver Valley the number of residential units sold was down by more than twenty percent in year over year figures. However in Coeurd'Alene and the Rathdrum/Hauser areas the decrease in units sold was in the single digits.

    But the real surprise comes when we take a look at average and median prices of these residential units that sold, by area! While prices were down approximately seven percent in Hayden and Rathdrum/Hauser areas, prices were basically flat in Post Falls and prices actually increased in Coeur d'Alene and the Silver Valley areas!

    Silver Valley was also the one area where median prices increased by about four percent. Median price decreases were still held to single digit losses in the other areas.

    The average days on market did increase across the board except for Rathdrum/Hauser where the number of days on market before a home sold remained flat.

    The charts to the right reflect (from top to bottom) number of residential units sold in 2007 (first bar) and 2006 (second bar) and is broken out by area. The middle chart shows the average sold price in 2007 (first bar), average sold price in 2006 (second bar), and then the median sold price for 2007 and 2006 respectively.

    The bottom chart shows the average number of days that a home spent on the market (DOM) before being sold. It is important to note that this figure reflects only those of sold houses. The number of days on market would likely increase substantially if homes that did not sell were added to the grouping as some homes may have sat on the market for six months to a year without selling. This report is for home sales data for North Idaho. To see data on Washington County Home Prices and Sales, click here.

    Homes Sold Comparison Chart for North Idaho including Kootenai CountyAverage and Median Home Price Comparison ChartAverage Days on Market for Residential Home Sales
    Data obtained from the Coeur d'Alene Association of Realtors and is believed to be accurate but is not guaranteed. Residential Home Sales Charts

    Tomlinson North Idaho Sotheby's International Realty
    http://www.besthomesandland.com/public/homesales.html
    When only the best will do the answer is clear!

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