Idaho Market Update

The number one question we are asked is, “How is the Market?”   Our clients and those thinking about making a move here in North Idaho are always interested.   Is it a good time to buy? Sell? Build? Invest? 

It’s one of our favorite discussions.  Real Estate is dynamic and markets are always changing. There are numerous factors that impact the the Real Estate Market here locally.   Digging deeper and staying abreast of the key factors that effect our local market is our job.  Considering national and local trends along with evaluating key factors will have an impact on how we answer that question… How is the Market? It all depends on what you want to achieve.   

At Windermere, we are fortunate to have our own Chief Economist, Matthew Gardner.  He is an amazing resource and here is his report on our Idaho Market.   

The Gardener Report

 

“In Northern Idaho, Shoshone County experienced a 17.9% increase in sales over the third quarter of 2018. There was a modest increase in Bonner County and a very slight contraction in Kootenai County.” Matthew Gardener

 

 

 

Interested in knowing how this market will effect you in one of North Idaho’s 5 Counties (Kootenai, Shoshone, Bonner, Boundary or Benewah) for buying, selling, investing or building?   Connect with us her or find us on one of our social sites and we will be happy to discuss our market and how it will impact your Real Estate goals. 

 

 

John & Tracey Tindall Professional Agents

www.johnandtracey.com
John & Tracey Professional Agents
JohnandtraceyCDA
Tracey Tindall
Our Blog
Keeping it Real Estate with John & Tracey

 

 

 

 

 

 

 

 

 

 

 

 

Johntindall@windermere.com     208-818-2365

traceytindall@windermere.com   208-818-2365

Windermere, Coeur d’Alene Realty

1000 Northwest Blvd

Coeur d’Alene Idaho 83814

Posted on November 5, 2019 at 10:59 pm
John and Tracey Tindall | Category: Market Update, Real Estate Trends | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

How is the North Idaho Market?

How is our local Real Estate Market?  What can we expect for our market for the rest of the year?  WHat are the indicators to watch ?

Windermere’s Chief Economist, Matthew Gardner shares his insights in the Gardner Report.

ECONOMIC OVERVIEW

Following a trend that started last fall, job growth in Idaho continues to moderate. The addition of 18,400 new jobs year-over-year represents an annual growth rate of 2.5%. This is to be expected at this point in the economic cycle, but it’s worth noting that the current rate of job growth remains well above the national average of 1.6%.

In May, the state unemployment rate was 2.8%, marginally lower than the 2.9% rate of a year ago. The state remains at full employment, though it is interesting to note that the employment rate remained below 3% even as the labor force rose 2%, suggesting that the economy remains very robust as there are still job openings to accommodate new workers.

Read the Full Report

Posted on August 7, 2019 at 10:19 pm
John and Tracey Tindall | Category: Real Estate Trends | Tagged , , , , , , , , , , , , , , ,

Idaho Market Update

How does Idaho compare nationally and what can we expect for the rest of this year?

 

 

If you are wondering about the market, you are at the right spot!  Because we spend a lot of time digging into the information that will give good insight into our market and how it may effect Real Estate we thought you would find this interesting too! 

 

 

Did you know Idaho continues to outperform the nation in terms of economic vitality and will continue to do so for the balance of the year? 

 

Also our job growth rate continues to remain moderate.  And unemployment remains incredibly low….

All great pieces of information and good news to us!   Want to dig into the information a little deeper and find out more about housing.  How we are performing in relationship to last year and the counties who are showing growth?

 

 

 

Take a look at what Windermere’s Chief Economist has to say about Idaho.   Matthew Gardner shares a lot of great information about our state, here in the Gardner Report. 

 

Our chief economist shares valuable information on Idaho

Posted on May 16, 2019 at 7:25 pm
John and Tracey Tindall | Category: Real Estate Trends | Tagged , , , , , , , ,

Four Reasons to Sell This Winter

Maybe Winder is the best time for you to consider selling?

With Demand remaining high in our area combined with low inventory which continues to drop, this winter might just be a great combination of factors making it an ideal time for you to sell. 

A balanced market will sit at six months of inventory.  Less than six months of inventory and you start heading into a sellers market.  Lower the inventory the greater the sellers market.   In Kootenai County, our inventory sits at less than 3 months in most price sectors.  A large number of price sectors are sitting at just one month.   Low inventory with high demand will increase market values and your list price.  Interest rates continue to remain low which continues to create a tremendous amount of buyers.      

Winter is often thought a difficult time to sell, but in this buying climate it creates a perfect storm for selling!  In the winter months there is even less competition and this increases demand even further.  Buyers out looking in the cold and snow are much more serious buyers too! 

If you are interested in knowing more about the inventory levels in your neighborhood or more about our market and in determining your next step, let’s connect, we would love to assist in keeping you up on the market.    

 

 

Let’s Make Awesome Happen

Team Tindall

 

John and Tracey Tindall

Windermere, Coeur d’Alene Realty

208-818-2365 or 208-818-2456
Posted on December 12, 2017 at 11:19 pm
John and Tracey Tindall | Category: Real Estate Trends | Tagged , , , , , , , , , , , , , , , , , , , , , ,

Inventory shortage means good news for sellers.

If you’re like me, when you started the buying process you might have wondered why some houses are so outrageously priced and others are not. There are many factors that come in to play such as mortgage rates and availability, economic growth and personal demographics. But when prospective buyers are shopping their market, the one factor they may overlook is inventory shortage.

Real estate inventory is the quantity of houses that are available for purchase in any given market. When I’m out showing people properties, clients always amazed at how few mid-range homes there are. Clients also can’t believe how quickly they go.

The only time that inventory is a problem for home buyers is when the inventory is low. Basic economics. High demand and low supply  yields high price tags for buyers. However, if you’re looking to sell, this is great news for you. The fewer homes available, the higher the price tag on your home.

In our current market in the Pacific Northwest, there has been an inventory shortage for several years.  Due to the shortage, people are staying in their homes longer and moving less. Contractors are also in a bind because of the inventory shortages are causing prices to shoot through the room. Contractors don’t get paid for homes that sell for less than their cost for production, making them less inclined to build for fear of not making a profit.

In this quick video Matthew Gardner, Windermere’s chief Economist, breaks down the inventory shortage and it’s side effects. He also gives us a forecast for what might be to come.

How inventory shortages are impacting the housing market

 

Posted on June 12, 2017 at 9:25 pm
John and Tracey Tindall | Category: Costs and Spending, Real Estate Trends | Tagged , , , , , , , , , ,

June Snapshot – Kootenai County!

Summertime in North Idaho and our market remains Healthy! 

Have any questions about buying or selling? Wondering if its the right time for you? Contact us and lets discuss it and let us provide you all the information you need to make an informed decision to move forward or to wait.  We are here to help! 

 

 

Johnandtracey-June 
 

Johnandtracey

John and Tracey
Your Professional Agents

 

 
208-818-2365 John        johntindall@windermere.com        
208-818-2456 Tracey     traceytindall@windermere.com
Website                         www.johnandtracey.com

 


 

Posted on July 11, 2016 at 5:36 pm
John and Tracey Tindall | Category: Real Estate Trends | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

How will this election effect our Real Estate Market?

Election season is here.  Will this next election have an impact on our real estate market?  Here is what Windermere’s Chief Economist, Matthew Gardner, has to say about this subject.

Here in North Idaho we are enjoying a very healthy real estate market and we all want to see this continue.  I know we all have our candidate and beliefs about who should be in office and what they can accomplish – I am no different.  I do believe once we have a new president elect in office and things settle in, we will be back on track, no matter who is elected… my candiate or yours 🙂 

 

Posted on July 5, 2016 at 8:25 pm
John and Tracey Tindall | Category: Real Estate Trends | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Buyer Fatigue – Is it Real?

Our market is healthy here in North Idaho and if you are looking for homes in certain price ranges, the fatigue is real!  The competition is fierce.  So johnandtracey.commany buyers competing for a small number of homes not only stressful but exhausting. Finding the right home and ready to make an offer just to find out another offer or two are accepted before you can even get yours submitted.  Making several offers just to be edged out and having to start from ground zero.  Is this you?

How can you get ahead in this market and go from making offers to getting yours accepted?  A professional fulll time and strategic agent is how!   Well-trained, battle ready and ready to compete for you!  An agent who understands this market  and has a proven strategy for your success.   

Read more about buyer fatigue

Going it alone? Not finding success with what you have been trying… its time for a change.  You need a plan for success and we have one!  We have successfully found our buyers homes within the first week or less.  We know about homes before they are listed and have strategies that are success proven.  Have questions, let's connect. 

 

How to contact John and Tracey

John Tindall: 208-818-2456   johntindall@windermere.com

Tracey Tindall: 208-818-2365  traceytindall@windermere.com

Click here to learn: More about us!

Posted on June 25, 2016 at 2:11 am
John and Tracey Tindall | Category: Real Estate Trends | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

New-Home Sales on the Rise!

New Home Sales Surge Past Post Recession High!

Sales of new single-family homes climbed 16.6 percent in April, reaching the highest sales pace since January 2008, the Commerce Department reported this week. Newly built, single-family homes rose to a seasonally adjusted annual rate of 619,000 units in April.  Read more…  

North Idaho's market is healthy with residential sales at a 12% increase over April.  **

Johnandtraceyareastats

 

 

 

 

 

 

 

 

 

 

JohnandtraceyHousingMarketIndex

 

 

 

 

 

 

 

Housing Market Index : National Association of Home Builders   
**Source: Pioneer Title

How to contact John and Tracey

John Tindall: 208-818-2456   johntindall@windermere.com

Tracey Tindall: 208-818-2365  traceytindall@windermere.com

Click here to learn: More about us!

Posted on June 3, 2016 at 7:30 pm
John and Tracey Tindall | Category: Real Estate Trends | Tagged , , , , , , , , , , , , , , , , , , , , , ,

Why Is Inventory So Low?

Ever wonder why our inventory is so low? 

Here is an explaination from Matthew Gardner, Chief Economist for Windermere Real Estate. 

Here in Kootenai County we have an inventory shortage, however, our market is fairing better than many other states across the US.  Most all segments of our market are performing well and most homeowners who bought at the top of the market are now in an equity position.  

If you are on the fence about selling, now is a great time!  Abunance of buyers, low rates, inventory shortage;  all increase your odds of selling!  

 

 

The housing market is performing remarkably well, with the exception of incredibly low inventory levels in many areas throughout the country. Why is this happening? Windermere’s Chief Economist, Matthew Gardner, explains why and offers his predictions for what we can expect in the future. 

 

Want to learn more about the value of your home and your odds of selling? Let's connect and we will be happy to provide a complimentary market analysis for your home so you can determine if now is a good time to sell.

 

How to contact John and Tracey

John Tindall: 208-818-2456   johntindall@windermere.com

Tracey Tindall: 208-818-2365  traceytindall@windermere.com

Click here to learn: More about us!

Posted on May 17, 2016 at 9:23 pm
John and Tracey Tindall | Category: Real Estate Trends | Tagged , , , , , , , , , , , , , , , , , ,