Listing inventory in Kootenai County Idaho is up (what's new?!) and prices are up!

Check this out:

6,444 total listings on the market in the MLS. We're already over last years highest inventory point of 6,150 hit in August.

3,520 homes available for sale, over last years high point of 3,496 (again in August). Bring that down to residential homes and condo's only (no manufactured homes, vacant land or commercial listings) AND narrowing that down even further to include only properties for sale in Kootenai County, we have 2,515 homes/condo's available for sale within the county.

Prices are holding steady with a few exceptions.

• Absolute lowest price are 600-700sf condo's available for $86,500 - $90,000.
• Absolute lowest house prices are 400-800sf older homes, mostly in outlying towns, available for $110,000 - $130,000
• Entry level price for existing homes in the newer sub-divisions starts (there are less expensive pre-construction options which require a 4-6 month wait until completion):
• Fieldstone $179,000 3bd/2ba 1203sf
  
• The Landings $214,000 3bd/2.5ba 1736sf
• Strawberry Fields $268,766 4bd/3ba 2468sf
  
• Sunshine Meadows $177,000 3bd/2ba 1042sf
  
• Woodbridge $170,000 3bd/2ba 1162sf
  
• Avalon Estates $171,500 3bd/2ba 1102sf
  
• Treaty Rock Estates $162,900 3bd/2ba 1166
  
• Greensferry Landing $169,900 2bd/2ba 1018
  
• Jasper Meadows $214,000 3bd/2ba 1679
  
• Riverside Harbor $199,950 3bd/2ba 1332sf
  
• Ramsey Meadows $189,000 3bd/2ba 1263sf
  
• Legacy Place $249,900 3bd/2ba 1518sf
  
• Coeur d'Alene Place $164,900 2bd/1.25ba 892sf
• Broadmoore Estates $205,000 3bd/2ba 1458sf
  

What is very revealing about this is that the price to 'enter' most of these sub-divisions jumped from $164,900 less than 2 weeks ago to $177,000. For you folks that keep waiting on the fence thinking prices are going to go down, you now have to spend an additional $12,000 to get into a home. A couple of these sub-divisions are maintaining their prices, not moving up or down including: Avalon Estates, Treaty Rock Estates and Greensferry Landings. One thing to note, in each of these 'holding steady sub-divisions', while I've reported the entry level price, there is only 1 home available at that price. The next priced home in each of these sub-divisions starts a minimum of $10,000 higher.

Have I missed reporting on a sub-division or area within Kootenai County you are interested in? Let me know and I'll give you an update immediately and include it in the future.