Tag: SandpointHomesforSale

North Idaho Driving

Driving safely in North Idaho takes a bit more attention to the surroundings than in most other states. North Idaho from Sandpoint to Bonners Ferry and even further north to the Canadian Border is basically a two lane highway. And while there are the same hazards no matter the season, inclement

weather definitely calls for extra focus and attention. Highway 95 is the main highway from Sandpoint to Bonners Ferry. There are driveways, roads, business’s bordering. 60 mph in both directions, with good visibility, can be difficult when wanting to enter traffic. Even more demanding of ones attention is if someone ahead is turning left and there is no room to go around. Last second signals create havoc to all especially those who may be tailgating. Poor weather can add to the dangers but certainly not always the cause of accidents.

Add to all this another item not common in most other states. Deer, moose, even wild turkeys crossing the roads. 4 wheel drive does not equal better stopping ability. Ice, and snowy slush, is very unforgiving.

This is not meant to be critical of drivers whether local or out of area. It is strictly a reminder that with the large influx of people moving into our area we must be more cognizant of the hazards of driving. I would also like point out I am always impressed with our Highway Department and the fantastic job they do keeping up with the snow and ice on the roads. Very impressive.

Watch short Sandpoint Realty ‘Wednesday Word’ video on North Idaho Driving.

‘Experience the Difference’ in working with a full time Professional Idaho REALTOR®. Your wants and needs will always be my priorities.

Mark Don McInnes

Broker – REALTOR®

208 255-6227

SandpointNorthIdaho.com – North Idaho Home & Land Searches

Sandpoint Realty LLC

1205 Highway 2

Sandpoint, Idaho 8386

January 26, 2022
‘Monday Motivation’ Sandpoint Realty – November 22, 2021

‘Monday Motivation’ starts us off into this Thanksgiving week ahead and the Holidays beyond. Appreciate all that is around you and take a moment for a second look.

‘Experience the Difference’ in working with a full time Professional Idaho REALTOR®. Your wants and needs will always be my priorities.

Mark Don McInnes

Broker – REALTOR®

208 255-6227

SandpointNorthIdaho.com – North Idaho Home & Land Searches

Sandpoint Realty LLC

1205 Highway 2

Sandpoint, Idaho 8386

November 22, 2021
Home Interest Rates Remain All Time Lows

With interest rates nudging above 3% many are showing concerns of where the housing market will go. Proper perspective on interest rates will show that even between 3% to 4% we are far far below what interest rates have shown themselves at for decades.

This market is still showing wonderful opportunities for sellers and buyers alike. Contact me for any questions you may have regarding how interest rates may be affecting you as a possible buyer or seller of Real Estate in North Idaho.

‘Experience the Difference’ in working with a full time professional REALTOR®. Your wants and needs will always be my priorities.

Mark Don McInnes

Broker – REALTOR®

208 255-6227

SandpointNorthIdaho.com – North Idaho Home & Land Searches

Sandpoint Realty LLC

1205 Highway 2

Sandpoint, Idaho 83864

November 9, 2021
Will End of Forbearance Bring Sandpoint Foreclosure Flood? NO

In North Idaho one can go to many different sources and research questions concerning the possible Flood of Foreclosures that many, mostly the uninformed public, continue to bring into conversations, with the end of forbearance nearing . The stated flood of foreclosures on the horizon is just not going to happen.

The above chart is but one indicator the housing market is much different than that of the housing crash in 2008. 2008 and 2010 showed Home Inventory at 1 year levels and today the national average is roughly 3 months. Many areas, such as Sandpoint North Idaho, being far less than that.

Another item relating directly to this is the actual number of mortgages actually still in forbearance. There are, as of Friday October 29, 2021, 1,221,000 mortgages in forbearance. The predicted number at the beginning of the program was 9.3 million. Of the mortgages still in forbearance 93% have at least 10% equity. That equity allows for choices and options that just were not there during 2008.

Do you have concerns about possible foreclosures putting pressure on our Sandpoint North Idaho housing market? Please do contact me and I would be happy to discuss any of your concerns from both the buyer and seller side.

‘Experience the Difference’ in working with a full time professional REALTOR®. Your wants and needs will always be my priorities.

Mark Don McInnes

Broker – REALTOR®

208 255-6227

SandpointNorthIdaho.com – North Idaho Home & Land Searches

Sandpoint Realty LLC

1205 Highway 2

Sandpoint, Idaho 83864

November 4, 2021
Sandpoint City Homes for Sale February 2018 – ‘83864’

Sandpoint City sits within the zip code of 83864. A very large area, with so much diversification it is very difficult to give any one single report that is accurate to all that is available in the 83864 area code. Currently there are 32 Sandpoint City Homes for Sale. Basic criteria for search results below.

Criteria, for Selkirk Multiple Listing Search, MLS, is basic. $750,000 maximum list price. 1 bedroom 1 bath minimum. Searched as ‘in Sandpoint City’. Single Family, Condos, Townhouses all included. The search results do not include ‘For Sale by Owner’ or Coeur D’ Alene MLS results. The results do show the trend though, that will be consistent without those results added in.

January 2016 showed 4 homes sold. Median Price of $153,000. 120 days on market. January 2017 showed 2 homes sold with a Median Price of $174,500 and 66 days on Market. An impressive 14% increase in ‘Sold’ price for the one year.

1st quarter 2016 has 20 homes being sold with a median sold price of $209,000. And 125 days on market. 1st quarter 2017 shows 18 homes sold with modest increase for median sold price of $218,000. 98 days on market.

January 2018 has me shaking my head. I went back twice to double check the results, along with active presently available. 8 homes sold. Double that of 2016 and 4 times as many 2017. Median sold price of $230,000 with days on market at 122. An impressive 24% increase in median sold price. With the 8 homes sold this January, Sandpoint City is easily on track to surpass sales for 1st quarter of both 2016 and 2017.

Current inventory of 32 with January Sold’s at 8, along with the 122 days on market shows a 4 month inventory. What is phenomenal is the median listing price at the current time. $314,450.00. While not the sold price, it is 44% above the median sold price of 2017’s $218,000.00. Incredible.

I do not for see Sandpoint City Home Sales slowing. I question whether they can sustain, or realize, the jump in market price that is showing between current listing price and even sold’s of just one month ago. While great for sellers it is putting a strain on buyers and the market in general.

February 1, 2018