The Coeur d’ Alene Home Market
Coeur d’ Alene home market has been on fire lately! Depending on the type of home your looking for, we are down to single digits of inventory! I have been real estate for a long time now. I love real estate investing and (obviously) have been doing property management for years. Rates for rental homes keep going up, resulting in a buying spree for the Coeur d’ Alene home market. Here are a few of the trends i’ve seen recently in our real estate marketing.
- Home prices aren’t going down anytime soon. With mortgage rates at historic lows, the average home price will only continue to increase. We are also at capacity for rentals, and the housing shortage will push prices even higher. There are tons of affordable financing offers for first time home buyers, the price won’t get better. Get on it!
- Our bedroom communities are growing. The Coeur d’ Alene home market has steadily increased to almost unaffordable, however, the surrounding areas have great prices on homes. If your willing to drive a few miles outside of town, your money will go much further. Post Falls, Hayden, and Rathdrum all provide great opportunities for getting a great price on your home. If you are considering buying, I would widen the search!
- Investment opportunities abound. If you are looking for a new investment property, we have tons of great options! 4-plexes, and vacation rentals are actively on the market if you keep your eyes open! Real estate investing has drastically changed with the advent of services like VRBO and AirBNB. If you have never considered real estate investing, you would be shocked by the average return on investment. Seriously, give it a shot.
In future posts we will expound on our local real estate markets. The Coeur d’ Alene home market provides great opportunities for first time home buyers and investors alike. Let us know if you have questions! We love helping people find the perfect opportunity!