The cost to buy a home in Coeur d’Alene increased significantly last year. As I mentioned in a recent article about the best restaurants in Coeur d’Alene, there's so many great things about North Idaho -- so a lot of people are moving here. We're seeing this impact in home values

The median price for previously owned Coeur d'Alene homes started at $441,350 in January 2021. The price was $591,000 by December.

The median price for new construction in Coeur d'Alene homes started at $424,500 in January 2021. The price was $626,696 by December.

Waterfront homes in Coeur d'Alene (this includes waterfront condos, homes on leased land and secondary waterfront) ended the year with a median sales price of $3.2 million.

This is due in part to the increasing popularity of the city, as well as to the limited housing inventory available.   

Inventory (the number of homes for sale) was down which led to decline in the number of homes sales. Down about 6.3%.

If you're thinking of buying a home in Coeur d'Alene soon, it's important to be prepared for these costs and to have your finances in order.

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My Real Estate Predictions For Coeur d'Alene In 2022

Even more people from California, Seattle and Portland will be looking to migrate to North Idaho in 2022.

Whether this if for a primary residence or to have an escape while working and going to school virtually.

Coeur d'Alene home prices will continue to climb. Not as aggressively as 2021. But the spring market will start earlier and be very competitive for home buyers.

 

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Darin Persinger
Started a real estate yard sign business in high school. Got real estate license in 1997. Now licensed In Washington and Idaho.