August 2020 Market Update for Coeur d’Alene and Surrounding Areas

September 8, 2020

The August 2020 Numbers Are In!

* 515 Homes Sold in June 2020
* Average Sales Price $530,158 that’s an increase of $32.6% in one year!
* 479 New Listings For Sale
* Average Days on Market: 68
* Percent to List Price is 99.6%

Our market is on fire! Homes are selling with multiple offers, for more than list price and within a matter of days. With super low interest rates and many people fleeing large cities, North Idaho seems to be the safe haven and escape people are thriving for. Personally I am seeing a large number of those coming from Washington and California.  A client of mine owns a Bed & Breakfast locally and has informed me that many of their customers are from the East Coast. There’s no shortage of reasons why people are picking North Idaho to move to. Not only because of the gorgeous lakes and scenery but also plenty of out door activities like hiking, biking and skiing.

For more detailed statistical information about your particular area or neighborhood, please contact me.

Laurel Jonas
​Engel & Völkers Coeur d’Alene
Cell: +1 208-758-9000
Internet: www.laureljonas.evrealestate.com
Mail to: laurel.jonas@evrealestate.com

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