Just like mobile phones, mortgage interest rates have changed over the years, and we’re glad they have! Contact REALTOR®, Kim Cooper, about how to get your low rate before they go out of style! Kim Cooper, Select Brokers LLC.
Contact REALTOR® Kim Cooper of Select Brokers LLC about the benefits of buying a home in North Idaho if you have goals like the ones below and are ready to get them off paper and into reality:
- Acquire a tax write-off
- Improve my family’s quality of life
- Earn tax deferrable income
- Improve my children’s education
- Help create jobs and growth in my community
- Build my family’s wealth
- Save for a
20%0% down payment
- Buy a home!
Contact Kim Cooper of Select Brokers LLC today.
There are so many benefits to owning your own home, and to name just a few: cost savings, tax benefits, opportunity to build and increase wealth in equity, be your own “home boss”, potential for rental income, greater sense of belonging in your community, own your dream garage, creative freedom for remodeling, host louder parties, choose your paint colors, no upstairs neighbors, and own pets! Talk to your REALTOR® Kim Cooper of Select Brokers LLC about the benefits of owning and buying your own home in North Idaho!
We have discussed here before “the roll” of real estate. That is the term used to describe how the market moves upward and inward following the major interstate highways of our region. Due to the impact rising prices are having in major cities along the west coast we are seeing in migration from those cities as sellers capture equity and take the opportunity to get out of high priced, high traffic, high crime and high anxiety metropolitan areas.
Our area is so desirable that even in the winter months we are receiving buyer visits from California, Oregon and Washington states attracted by our scenic beauty, affordable real estate and lack of all the pressures of where they came from. As reported by the Case Schiller Housing index Seattle, Portland
and Denver saw the highest year-over-year gains among the 20 cities reviewed over each of the last nine months. In October, Seattle led the way with a 10.7 percent year-over-year price increase, followed by Portland with 10.3 percent and Denver with an 8.3 percent increase.
For us Seattle and Portland have the most impact although we have noticed some Colorado license plates cruising North Idaho these last couple months. The reality is that for many of these people in high performing real estate markets, everything they see here is a bargain compared to where they are coming from.
In mid-summer the average Portland, Oregon home price was $412,000. The Portland market is the first place many of those escaping California put down roots since real estate is cheaper there. At that same time the Seattle Times reported that “The price of the typical single-family house across King, Snohomish and Pierce counties has now risen 53 percent in just four years.” The average price then was $560,000, still much cheaper than a Bay area home at $712,000.
When people from these areas pick up a local paper and see that the rare murder is front page news – for several days in a row – and that our crime section shows largely DUIs, petite theft and possession of paraphernalia they are amazed. In many metropolitan areas murders are commonplace, armed robberies the course of the day and road rage an occurrence during the average commute.
It is no wonder then that at year’s end we see an increase in our sales of properties of $500,000 to $999,999 properties. The types of equity people are realizing from sale of their properties in the areas described above make our Multiple Listing Service average price of $240,147 a real bargain. One visitor recently explained that it is very hard not to think of every property viewed as one that should be taken advantage of because it is so cheap.
History would dictate that it is only a matter of time before our own average prices reach beyond $300,000 but at that time imagine what the emigrating home sellers will be getting paid to leave the metros they will still want to escape. Who can blame them?
Did you know, Idaho is a non-disclosure state.
Call a REALTOR® for the true value of your home.
Below is a snapshot of the Kootenai County housing market for January 2016 through December 2016:
- Homes Sold YTD December 2016
3255 (Up 12% from December 2015)
- Median Home Price
$222,000 (Up 9% from December 2015)
- Active Residential Listings
1153 (Down 1.6% from December 2015)
- Days on Market
98 (Down 6.7% from December 2015)
Data is provided by the Coeur d’Alene Multiple Listing Service and may not reflect all real estate activity in the market. January through December 2016. Site Built homes on under 2 acres.
Did you know that 87% of consumers still believe that home ownership is part of the American Dream? If you’re dreaming of home ownership, you’re not alone. The beginning of a new year is the perfect time to start planning and setting goals. If home ownership is one of your goals this year, please contact Kim Cooper of Select Brokers LLC to start your home buying process.
Is buying a house on your list of New Year’s Resolutions? Contact Kim Cooper of Select Brokers LLC today to help find and buy your new home in North Idaho!
NAR (National Association of REALTORS®) grants help REALTORS® make differences in their communities. In January of 2016, the Idaho REALTORS® challenged each of their local associations to take advantage of a variety of grants that are available through the National Association of REALTORS®. Grants “granted” associations opportunities to do many things throughout Idaho. View the image with this post to see how those grants were used throughout Idaho.
Kim Cooper, Select Brokers LLC.
As me how a grant could help improve our community.
Below are ways that Idaho REALTORS® helped their communities in 2016:
- Hundreds of projects were completed that focused on improving the quality of living for communities across Idaho.
- Over 1,500 hours were volunteered toward community service and improvement projects.
- Over $250,000 dollars were donated to charitable organizations, schools, veterans, and more!
Call today to work with REALTOR® Kim Cooper of Select Brokers LLC.
Below is the Kootenai County Housing Snapshot for January through November 2016:
- Homes Sold YTD November 2016
Up 11% From November 2015
- Median Home Price
Up 10% From November 2015
- Active Residential Listings
Down 8.4% From November 2015
- Days on Market
Down 7.6% From November 2015
Data is provided by the Coeur d’Alene Multiple Listing Service and may not reflect all real estate activity in the market. January through November 2016. Site built homes on under 2 acres.
Kim Cooper, Select Brokers LLC