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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
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!
VIRTUAL TOUR: Clearwater Area 20 Acre Resort
20 Acre Resort
This 20 Acre Resort is located on Highway 12 in the heart of Idaho. Nominated one of the nations top-ranked Scenic Byways, Highway 12 traces the original Lewis & Clark Trail.
If the area draws them in, then the Resort and its many amenities keeps them coming back. This well-established business, first built in 1979, has continued to grow and thrive under visionary ownership. It currently boasts a full menu of guest accommodations and services:
- 21 Room Motel, built to Best Western standards in 1994 (8 rooms with 1 King bed; 13 rooms with 2 Queen beds)
- Café
- Tavern
- RV Park with 140+ RV sites (45 Pull-through sites) & 30—50 Amp power
- 7 Guest Cabins
- Gym
- Fishing Pond stocked with trout
- Pool/Spa
- Laundry Facilities
- 1720 sqft private home, which could serve as Owner’s/Manager residence.
- Water Company with deeded water rights serving 90+ customers & room to expand.
The idyllic setting features beautiful natural landscaping and is shaded with over 300 Poplar, Pine & Fruit trees. Green grass carpets the open gathering areas, complete with a lovely Gazebo, Pond with Fountain. Charming antiques dot the park-like grounds, beckoning visitors to the serenity and simplicity of yesteryear. This is the venue for a Bike Rallies, Family Reunions, Weddings, and the Annual Bluegrass Festival, to name just a few. It’s no mystery why New and Returning Guests & Events are booked well into 2013.
Turnkey Equipment & Inventory included in sale.
$1,850,000
NOW $1,650,000
Call for a complete list of amenities, legal descriptions, and equipment/inventory.
Call
Randy Oetken
of Windermere Coeur d’Alene Realty:
208-660-0518
Check it out at
http://www.realestate-browser.com/viewdetails.php?nid=79587&mls=11-5621
or Text 20AC to 72727 for more information
NEW LISTING: 20 Acre Resort Business in Scenic Clearwater Area
This 20 Acre Resort is located on Highway 12 in the heart of Idaho. Nominated one of the nations top-ranked Scenic Byways, Highway 12 traces the original Lewis & Clark Trail.
Nature and history lovers the world over flock to the area for its untamed rugged beauty, blue-ribbon rivers & unique cultural legacy.
Part of the immense Nez Perce National Historic Park is located directly across the highway, site of the legendary “Heart of the Monster”. This geological formation is one of 38 sites spread across thousands of acres of untamed Idaho wilderness & attracts hundreds of visitors every year.
This scenic region of north-central Idaho is the largest public wilderness area in the lower 48 states, a true Sportsman’s Paradise, drawing year-round crowds. World famous Clearwater River, a stone’s throw from the Resort, is on every angler’s bucket list. The Clearwater River produces the largest, hardest- fighting B-run Steelhead anywhere! Area rivers include the Lochsa, Salmon & Selway. White water river trips are highly coveted & are often pre-booked years in advance. At the height of Spring runoff, area rivers can challenge the most experienced navigators.
Wildlife is abundant in these parts. Hunters and nature enthusiasts thrill to sightings of Deer, Elk, Bear, Mountain Lion, Pheasant, Grouse & Mountain Goats. The occasional moose always stops traffic! Fall & Spring fishing seasons, hunting season, white-water river adventures, hiking & sightseeing draw year-round crowds and repeat business for the Resort.
The Resort is located 1.5 miles from Kamiah, Idaho, a progressive small town with a Western/Victorian Motif. Kamiah offers excellent schools, sports programs, and medical services.
If the area draws them in, then the Resort and its many amenities keeps them coming back. This well-established business, first built in 1979, has continued to grow and thrive under visionary ownership. It currently boasts a full menu of guest accommodations and services:
21 Room Motel, built to Best Western standards in 1994 (8 rooms with 1 King bed; 13 rooms with 2 Queen beds)
Café & Tavern
RV Park with 140+ RV sites (45 Pull-through sites) & 30—50 Amp power
7 Guest Cabins- Gym
Fishing Pond stocked with trout- Pool/Spa
- Laundry Facilities
- 1720 sqft private home, which could serve as Owner’s/Manager residence.
- Water Company with deeded water rights serving 90+ customers & room to expand.
- The idyllic setting features beautiful natural landscaping and is shaded with over 300 Poplar, Pine & Fruit trees.
Green grass carpets the open gathering areas, complete with a lovely Gazebo, Pond with Fountain.
- Charming antiques dot the park-like grounds, beckoning visitors to the serenity and simplicity of yesteryear.
- This is the venue for a Bike Rallies, Family Reunions, Weddings, and the Annual Bluegrass Festival, to name
- just a few. It’s no mystery why New and Returning Guests & Events are booked well into 2013.
Turnkey Equipment & Inventory included in sale.
$1,850,000
Call for a complete list of amenities, legal descriptions, and equipment/inventory.
Call Randy Oetken
of Windermere Coeur d’Alene Realty:
208-660-0518
Check it out at
http://www.realestate-browser.com/viewdetails.php?nid=79587&mls=11-5621
Nez Perce of Idaho http://www.byways.org/stories/56074
Northwest Passage Scenic Byway Overview http://www.byways.org/stories/46937
Heart of the Monster http://www.byways.org/explore/byways/2043/places/37702/
Clearwater National Forest http://www.fs.fed.us/r1/clearwater/VisitorInfo/Assets/pdfs/hwy12_corridor.pdf Travel the Lewis and Clark Trail
http://lewisandclarktrail.com/section3/idahocities/lolotrail/scenic12.htm
Kamiah, Idaho http://www.kamiahchamber.com/
Moose Photo: http://www.flickr.com/photos/ocallaghanfamily/1120171084/
MODERN MARVEL: Price Reduced on Coeur d’Alene Luxury View Estate
Contemporary View Estate on 10.5 Acres
PRICED BELOW REPLACEMENT COST:
Don’t let the sleek lines deceive you! This Contemporary Luxury home, by Award-Winning Architect Gordon Longwell and crafted by Ginno Construction, is anything but SIMPLE.
Smart-design and State-of-the-Art Amenities unpretentiously defer to the true show-stopper of this Modern Marvel: an astounding VIEW.
Almost every space in 4200 square feet feature huge windows to take in that Top of the World vista. Enjoy nature’s splendour from the Main Level Great Room area with Gourmet Kitchen & minimalist wood-burning Vortex Fireplace. Or from the spacious Master Suite with private Deck access & heated tile bathroom flooring.
You might decide to relocate your business to this private estate, because the lower level, which also features that panoramic vista, includes climate-controlled computer room & all the hi-tech office accommodations you may possibly need.
A very large shop is ready for all the latest of computerized equipment and vehicles, in addition to the drive-through 6 Car garage that already accompanies the house.
This estate is located on
10.5 private acres above the Spokane River,
very close to city amenities.
With meadows of lush green grass this property is great for horses, too.
NOW $779,000
SOLD!
Call Christy Oetken
of Windermere Coeur d’Alene Realty today:
208-660-0506
Check it out at
http://www.realestate-browser.com/viewdetails.php?nid=78849&mls=11-1078
Take a Virtual Tour! Visit http://www.5267whighlanddrive.com/
3 Commercial Lots, Prime Rathdrum Location
3 HIGH TRAFFIC LOTS: ZONED C2
Each Lot = .32 Acres
Available Separately or Together
C2—Highway, Service, Commercial
Located across from Super 1 Foods
Hwy 53 area, Rathdrum
208-660-0518
Check it out at www.RealEstate-Browser.com
What is the True Cost of the Interest Rate Increase?
Dear Friends,
It’s probably no surprise that rising interest rates have a significant impact on your pocket book.
But how much of an impact? The True Cost may shock you!
Consider this:
The average stay in a home is 5 to 7 years
according to the National Association of Realtors®.
Knowing you like to stay informed, we have provided three real-world home buying scenarios in the graphics below. From these hypothetical comparisons, we hope you can get a better idea of the true cost of the interest rate hikes that are expected in the near future.
Assuming that you remain in your new home for 7 years, it is very clear the HUGE impact of rising interest rates.
WAITING TO BUY could cost you THOUSANDS of dollars!
(Visit our website to view larger PDF graphics of these three scenarios.)
Home “A” Costs $150,000
At the current interest rate of 4.875%, the monthly payment will be $797.
If you wait until the interest rate rises to 6%,
your monthly payment will increase by $85,
for a total annual increase of $1020!
If you stay in that home for 7 years,
you will be spending $7140 MORE!
What could you do with an extra $7140?
Waiting to purchase this $250,000 home could cost you
$140 per month
$1680 per year
If you stay in that home for 7 years,
you will be spending $11,760 MORE!
What could you do with an extra $11,760?
What could you do with an extra
$21,840?
Thinking of buying? Now is a great time, if you want to save $$ in your monthly budget, as well as over the life of your potential mortgage.
Are you waiting for a lower purchase price?
The “savings” of a few thousand dollars off the purchase price will actually COST you THOUSANDS when the interest rates rise.
Don’t wait to make your next Real Estate move.
Call Now
to take advantage of
High Inventory and Low Interest Rates!
As experienced REALTORS®, and long-time North Idaho residents, we can provide an impressive list of professionals whom we’ve come to trust over the years. With our expertise in guiding our clients through all kinds of Real Estate transactions, we are uniquely qualified to help you achieve your real estate goals in 2011!
We’ll help you navigate through every phase of the process.
Randy Oetken 208-660-0518
Christy Oetken 208-660-0506
Oetken@RealEstate-Browser.com
Remembering “Browser”
Our Schnauzer “Browser” was probably the most famous dog in Idaho. Over the years, we have featured him in our print and electronic advertizing. He’s even been on a billboard! If you had the pleasure of knowing him, you’ll know that he was on of the best Public Relations reps ever!
Our faithful little buddy passed earlier this year. Although we miss him very much, we are so grateful for the years and blessings of his precious friendship. (In Loving Memory of Browser)
We can hardly forsake his memory especially now. Since he was such a huge part of our Real Estate business as well as our personal lives, we beg your indulgence as we continue doing business in his memory for a little while longer.
When you think of Browsing for Real Estate on the internet, we hope you’ll remember our “best friend” and visit websites that bear his name: www.RealEstate-Browser.com.
Visit Browser’s Facebook Fan Page, “Browser’s BFF’s“
Mountain Top Sun and Ski Resort – Great Business Venue
Ella Wheeler Wilcox
Exchange the predictable, tired & well-worn paths of urban living for the invigorating purity of the Mountain Wild.
This former ski resort was remodeled in 2006 into a majestic 12,000 square foot Mountain Lodge. This 95 Acre property is nestled in a remote region of North Idaho, adjacent to the St. Joe National Forest, and yet remains easily accessible from a paved highway.
Nowadays, the ski lift will carry you to quiet cross-country and downhill trails, trodden only by the local wildlife.
The pine forests whisper peace, and dazzling snow sculptures articulate every detail of this azure mountainscape.
Living is more gentle here. Inhabit the majestic stillness from the covered lower level porch or upper decks of the lodge, or from the rocked footpaths of the immediate landscaped grounds.
Perfect for private respite, or family gatherings, or business functions, this property can accommodate many, with 13 bedrooms and 10 baths in the Main Lodge alone.
More romantic and intimate, Suite of Rooms atop the Lookout Tower overlooks a gorgeous panorama. Upper Cabin in the Woods, additional lodge, and a large Shop are just a few of the other accommodations, making this property perfect as a Private Vacation Resort or a spectacular Business Venue.
John Muir wrote, “The Mountains are calling and I must go.”
Come to the Mountains.
Check it out at www.RealEstate-Browser.com or call Randy Oetken of Windermere Coeur d’Alene Realty Today: 208-660-0518
2011 Windermere Market Review
Our Annual Windermere Report (see link below) is an overview of last year’s real estate market and a forecast of the trends, opportunities, and challenges we can expect in the coming months.
Forecasting the future is always a risky business. However, we continue to remain optimistic about the future of our local real estate market. Why? Because families and retiring baby boomers will continue to seek out healthy communities that offer recreational opportunities, excellent schools and quality health care. And here in Kootenai County, we have these in abundance!
Are you interested in learning how all of this relates to the value of your property in today’s market? Whether you are evaluating investment strategies, tax or estate planning, or perhaps considering a change of address, we are here to help you! We would be happy to prepare a market value report for you, compiled on activity in your local neighborhood and specific to your property.
If you would like a custom market value report, or if you know of someone who needs professional advice regarding real estate, please don’t hesitate to call us.
In the meantime, we hope you find the “Windermere Report” informative. We look forward to talking to you soon.
Sincerely,
