Have you ever wondered what homes are really selling for? How does today’s value of your Post Falls Idaho home compare to last years value? Looking at the graph below, you can see that home prices are down from last year. Average prices are down approximately $20,000 and median prices are down approximately $10,000. Definitions: Median […]
Tag Archives: depreciation
Post Falls Idaho Riverside Harbor Homes for Sale
Are you interested in knowing more about Post Falls, Idaho’s Riverside Harbor Subdivision? Bookmark this post if you want to have a handy list of all the homes for sale, and additional information about Riverside Harbor. It automatically updates any time there is a change. You can also always find it on Riverside Harbor Neighborhood […]
Riverside Harbor, Post Falls, ID | Tour of Homes
Take a few moments and tour all the different homes that are in Riverside Harbor. We’ve been working on taking photos of the homes throughout the neighborhood. Just click through and enjoy! More interested in looking only at homes that are for sale in Riverside Harbor? After all, there are beautiful first-time home-buyer homes all […]
Riverside Harbor Spring Birds
Riverside Harbor, Post Falls, Idaho Enjoy the beautiful Spring morning – the birds singing. It’s always peaceful in Riverside Harbor. We enjoy this beautiful waterfront neighborhood with homes perfect for first time home buyers to homes for the luxury second home waterfront buyer. Come over and join our neighborhood on facebook – Riverside Harbor Facebook […]
The Coeur d'Alene MSA Housing Price Index – depreciation is the name of the game.
A week or so ago I pointed out that depreciation in Kootenai County, for single family residential properties, was -6.2% from October 1st, 2009 to September 30, 2010. Recently, FHFA.gov came out with their quarterly Housing Price Index report providing statistical information for states and nearly 300+ market areas. The Coeur d’Alene MSA showed a […]
There's no place to go but up: Idaho is in 51st place . . .
YEAH! We made it! Crashed to the bottom of the heap. After several years of being ranked in the top 10, even the top 5, Idaho finally made it to #51. #51 in housing price appreciation that is. In other words, from October 1st of 2009 to September 30th of 2010, Idaho had the lowest […]
Averages and median sales prices of homes does NOT tell the story . . .
Let’s put it this way – if you (or an agent tells you this is how they figure this) use average or even median sold prices to determine if home values have appreciated or depreciated – your information is faulty, inaccurate, dead wrong, a waste of your time . . . Here’s why, here’s the […]
"Ask the Agent" Has the market really tanked so much?
The peak (aka over-inflated value) market was in the Spring of 2006. Any appraisals done that year were a paper value, not a real value. To put it another way, while your home appraised for $240 in 2006, the likelihood of it selling at that time for that amount was essentially non-existent as sales came to a screeching halt that year.
