BuyersIdahoLuxuryMarket NewsOur ListingsPremier PropertyPremier PropertyReal EstateSellers September 22, 2011

GREAT NEWS: Luxury Real Estate on the Road to Recovery

by Mike Wheatley – 22 September 2011

http://realtybiznews.com/luxury-real-estate-on-the-road-to-recovery/9875910/

Luxury home markets are bouncing back, with bidding wars heating up and properties being sold off at increasingly rapid speeds, bucking the trend set by other real estate markets, says a report in the Washington Post.

Big improvement in luxury property segmentLuxury real estate markets are bouncing back © Giordano Aita – Fotolia.com

Properties valued at $1 million-plus have seen price increases of 0.7% since the end of February, compared to a 1.5% decrease in the value of homes under $1 million, according to the latest available statistics from Zillow.com.

Luxury real estate is the housing market’s star performer right now,” said Zillow’s chief economist Stan Humphries.

In normal times, these two market segments usually move in the same direction, but now they are doing precisely the opposite. One reason is that a Wall Street rebound has helped fuel a desire for luxury homes on Long Island and in Hamptons, says the Washington Post, which has seen closings return to something close to the level they were at in 2007.

Also doing well is the luxury market segment in California’s Silicon Valley, which has seen double the number of home sales on $5 million-plus properties this year as compared to the last, on the back of a tech boom.

Experts add that international buyers are also playing a big part in the luxury housing market’s come back. Florida is a prime example of the foreign invasion of U.S. real estate, where almost a third of buyers are non-U.S. citizens. Throughout the U.S. as a whole meanwhile, foreign buyers have snapped up almost $82 billion worth of real estate in 2010, compared to just $66 billion the year before.

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Coeur d’Alene Area Real Estate for about $200,000 or less


Hello, Friends!

Last week, we passed along some good news in our post,
GOOD NEWS! Pending Home Sales UP 49%

Here’s an excerpt:

Great news – statisically speaking. Market stats (as provided by the CDA Multiple Listing Service) shows that PENDING HOME SALES ARE UP 49% when comparing May and June of 2010 to May and June of June 2011. Right now a very hot segment of the market are those homes selling for less than $200k. If you are thinking of selling…there are plenty of investors in the market.

Call us for more info if you’re interested in Buying or Selling!
We’d love to help you find the perfect property under (or over!) $200K.

So, true to our word, here are some property listings around or under $200K:

$209,900  NOW $200,000 $195,000
Map Property

3216 W MAGISTRATE LOOP, Hayden
ALMOST COMPLETE!
Brand New Craftsman Style Home

3 Beds, 2 Baths + Den/4th Bedroom
1682 Sq Ft  Built in 2011
NEW PICTURES!  Visit our website to see new pictures of this home!

$200,000   SOLD! Map Property
4730 N TROY ST, Coeur d’Alene
Enjoy Canfield Mountain Views & Sunny Living Spaces, close to Schools & Shopping

4 Beds, 3 Baths   2683 Sq Ft
Built in 1987 – New Windows & Exterior Paint

JUST LISTED!

Arrow Point View $189,000    Map Property
4910 S ARROW POINT #105 DR, Harrison

Lake View Condo:
Community Waterfront
on Lake Coeur d’Alene’s Arrow Point

2 Beds, 2 Baths  1266 Sq Ft  Built in 1995
Get More Info on this Arrow Point Condo

Summer Exterior$179,900    Map Property
15271 N PINEVIEW ST, Rathdrum

Conveniently Located in Rathdrum
with Hot Tub/Spa & RV Parking

3 Beds, 2 Baths  1648 Sq Ft  Built in 1995
See the New Interior Photos

$150,000    Map Property
24962 E KILLARNEY LAKE RD, Cataldo

HUGE PRICE REDUCTION!
4+ Acres with a portion Coeur d’Alene Riverfront House, Guest Cabin & Shop

2 Beds, 1.00 Baths  1236 Sq Ft  Built in 1910

Re-imagine this Part-Riverfront View Acreage

Want to see more listings for about $200,000 or less?
Search all the properties on the  Coeur d’Alene Multiple Listing Service.
Visit our website:

RealEstate-Browser.com

Now is a terrific time to BUY.  Let us help you find a whoppin’ deal!

Call us today:

Randy & Christy Oetken

208-660-0506

Oetken@RealEstate-Browser.com

Bank-OwnedBuyersCoeur d'AleneForeclosuresgraphHome OwnershipIdahoInterestInvestment PropertiesKootenai CountyMarket NewsMarket ValueMortgageMultiple Listing ServiceNew ConstructionOur ListingsPrice ReductionPricingReal EstateRentalSave MoneySellSellersShort SaleTaxes July 21, 2011

GOOD NEWS! Pending Home Sales UP 49%

“The price of new homes is fixin’ to RISE
In other words, Beat the Crowd!”

Hello, Friends!

When was the last time you heard THAT???

Today, we thought we’d pass along this VERY GOOD NEWS to give your spirits a better-than-average lift.  Reading graphs like this is such a pleasure…

Pending Home Sales are UP 49% over last year!

Great news – statisically speaking. Market stats (as provided by the CDA Multiple Listing Service) shows that PENDING HOME SALES ARE UP 49% when comparing May and June of 2010 to May and June of June 2011. Right now a very hot segment of the market are those homes selling for less than $200k. If you are thinking of selling…there are plenty of investors in the market.

Call us for more info if you’re interested in Buying or Selling
We’d love to help you find the perfect property under (or over!) $200K

208-660-0506

Oetken@RealEstate-Browser.com

AND THERE’S MORE!

We thought you would like the article we posted a few weeks ago, originally posted in Fortune Magazine, by Shawn Tully, senior editor-at-large.

Real Estate: It’s Time to Buy Again

Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.…(click on this link to read the entire article)

Enjoy!

Randy & Christy

Bank-OwnedBuyersCoeur d'AleneForeclosuresIdahoKootenai CountyLake Coeur d'AleneMarket NewsNew ConstructionPricingReal EstateSandpointSellersShort Sale January 10, 2011

Market News: 2011 Real Estate Market Forecast

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