CDA Real Estate Update May 2016
Our real estate market is booming! Many first time home buyers are moving in to the area, and it is putting some severe strain on our local housing markets. Coeur d’Alene, Hayden, and Post Falls housing prices are steadily increasing as we get into the middle of “real estate” season. Across the board home values have moved up by a few percentage points!
As Realtors, we have seen more buyers then ever looking to get into homes! Searches for homes between 225-279k have increased by over 30% since the start of the year. Also, people are upgrading homes in amazing numbers. We’re talking the people that bought starter homes 2-5 years ago. They are moving into the mid priced (300-425k) houses they use to dream about! With all the upward momentum, we should expect this home purchasing trend to continue into the foreseeable future! If you have recently considered selling your home NOW IS THE TIME! We have recently added more members to our team to handle our incredible amount of buyer traffic. The Pehr Black Super Team NEEDS YOU! We’re having unprecedented amounts of buyers looking for YOUR home. Here are a few things to keep in mind:
Homes are listed (on the MLS) for 20% less time then the last 5 years!
More people are moving to Coeur d’Alene then Boise!
Coeur d’Alene, Hayden, Post Falls, and Spokane are all adding jobs at twice the normal rate for Idaho state!
There really has never been a better time to sell! The Pehr Black Super Team has recently been contacting every home owner in Coeur d’Alene with free information about your home’s updated value. If you would like to request a free comparative market analysis, please email us today! We also provide the most accurate online home valuation tool for your convenience. We are ready to help at a moments notice. Don’t miss out on this amazing opportunity!
This has been the CDA Real Estate Update for May 2016.
Pehr Black out!