What is going on with the real estate market in Coeur d’ Alene, Idaho region? Based on the numbers for residential and vacant land the market is still going strong but we are starting to see more home expiring and coming back on the market. What does that mean? Well it means buyers are not going to pay over for a home if they don’t think it is worth. Now homes are still getting multiple offers and bid up but only if they are price right to start off. This is not a market where you can over price and hope that someone will pay that amount. It has to be based on fair market value. Fair market value- is what other similar homes in similar condition are closing for. With homes coming back on the market that is telling us buyers are not willing to just take a home as it is. Buyer’s are choosing to have home inspections and assessing home much repairs they are willing to take on.
Amanda Kuespert- Phenix Agency, Inc
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