Last week, as a member of the Idaho Chamber Alliance, a cohort of Coeur d’Alene Regional Chamber members, board directors and staff had the honor of attending Idaho Business Policy Summit, held Feb. 5-6.
Just 30% of people make enough to buy a home, and that excludes financial factors like debts from student loans or car payments and money in savings for a down payment. So who can afford to buy a home in Kootenai County?
Out-of-state homebuyers drive demand in North Idaho real estate market
The average sale price of a Kootenai County home was $415,000 in January 2021, a 33% increase from the previous year.
Credit: BILL BULEY/Press Author: Kaye Thornbrugh (Coeur d Alene/Post Falls Press) Published: 8:44 AM PST February 22, 2021 Updated: 9:14 AM PST February 22, 2021
COEUR D ALENE, Idaho In the midst of a cold snap, the local housing market is hotter than ever.
January and February are traditionally two of the slowest months of selling activity but that’s not the case in North Idaho this year. Demand for housing is high and supply is low, as reported by KREM 2 news partner the Coeur d Alene/Post Falls Press.