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BREATHTAKING VIEWS OF LAKE CD'A FROM EVERY ROOM IN THE HOUSE! THIS BEAUTIFUL 4,500 SQ FT CRAFTSMAN HOME WILL NOT DISAPPOINT YOU! Amazingly low price o..... more »
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Welcome to LiveCDA.com
We appreciate your interest in North Idaho Real Estate. North Idaho has an unlimited inventory of beautiful lakes, pristine mountains, amazing recreation and fabulous homes! As a team of six professionals, we each specialize to assure you the highest level of expertise, integrity, and service in all things real estate. Excelling at providing customized marketing plans for our North Idaho Region, we sell our listings on average thirty days faster than our competition and negotiate typically within ninety four percent of the list price. Representing buyers with great diligence, we manage with tremendous success the purchasing process from beginning to end. With over sixty years combined real estate experience in the area, our team streamlines the buying, selling, and investing process and gets outstanding results whether it be residential or commercial, waterfront or acreage, entry-level or luxury homes, relocation or vacation homes. For all your Northwest real estate needs whether it be Coeur d’Alene, Spokane or surrounding areas, look to no one else than Threadgill & Barnhart. We look forward to a long and fruitful friendship with everything real estate.
From the LA Times! CDA one of the better places to go into BUSINESS!
August 07, 2008 -12:24 pm |  No Comments
 
A prominent California newspaper just put into play CDA as a great place to do business. Inc Magazine top list...

Where to go to go into business
August 4, 2008

Looking for the right place to open a store or set up a company? Better look outside California, judging by Inc.com's annual ranking of the best cities for doing business.

The top cities in this year's list are Midland, Texas; St. George, Utah; and Coeur d'Alene, Idaho. California isn't represented until Bakersfield comes in at the No. 38 spot.

The Los Angeles-Long Beach-Glendale area ranks No. 274 (out of 335) -- a slight improvement over last year's 283. Last place goes to Michigan's Detroit-Livonia-Dearborn area.

At the website, you can slice the rankings to show cities grouped by size or state.

The rankings are based on a formula that looks at short- and long-term employment growth rates.
How To Survive, and Perhaps Even Thrive, In a Bear Market
July 17, 2008 -10:51 am |  No Comments
 
This article is from www.Costar.com. I like it, with a strong commercial real estate focus.

The Focus In Commercial Real Estate Right Now is on Finding Value, Not Growth
All right, you may call me a 'nattering nabob of negativism' for labeling commercial real estate as in a bear market, but the way property investors are reading today's commercial real estate fundamentals is compelling some to revert to a traditional way of doing business: the good-old buy-and-hold.

Mid-year market conditions are clearly pointing to flat rental growth, rising property vacancies and a drought in property sales. That alone may not be enough to constitute a bear market because properties are still experiencing positive net absorption and many markets are still posting price increases.

However, in the cyclical world of commercial real estate, many in the industry identify this as a downturn. We polled CoStar Advisor readers to get their advice on how "survive" today's market conditions. What we heard is that opportunities to thrive -- not just survive -- abound.

The catch is that there is going to be a holding period between now and then. And those that work their properties in that interim are the ones that will come out on top, CoStar Advisor readers said.

"There is a big difference in buying property in a bull market and hoping prices will continue to rise, and hoping you're not stuck on the top of that pyramid," said Daniel Cabrera, senior account executive with Empire Commercial Funding Group in Albuquerque, NM, "and buying property in a bear market knowing prices will eventually rise and that you're not on the top of that pyramid. Estimating the time of the eventual rise will be done best by those that perform their due diligence."

"An investor client (in his mid 40s) said to me the other day, "this is the best market for creating wealth I have ever seen,'" said Jerry Anderson, executive managing director of Sperry Van Ness Florida. "I couldn't agree more. I've personally seen markets like this before and in my opinion, most agents that have been "playing matchmaker" with buyer and seller the last five years are clueless about the opportunity.

"Sellers have been spoiled with multiple buyers clamoring to buy at any price," Anderson said. "Buyers have been spoiled with easy money covering up buying mistakes and lack of market dynamics. And brokers have really been spoiled - list it, throw it out there, get out of the way of the deal and show up and collect your commission."

"Now 'solution selling' is in play - solving problems for owners and finding opportunities by truly understanding the dynamics of the local economy for buyers," Anderson said. "Wealth for your clients and you is created in a down market not an up market. This is the best opportunity we have seen to create wealth in quite some time."
North Idaho Market Snapshot
July 16, 2008 -12:05 pm |  No Comments
 
This is an entirely pessimistic look from the CDA Press. The good news is there is still property buyers. Just need to price the homes aggressively, find and present the best deals as consistently as possible.

COEUR d'ALENE -- The first half of 2008 was not a great one for home sales in North Idaho.

According to the Coeur d'Alene Multiple Listing Service, the number of homes sold in Kootenai County from Jan. 1 to June 30 totaled 734, a 25 percent decrease from the same time frame last year.

The total volume of homes sold through June in 2008, $300.8 million, was down 30 percent from $429 million from 2007.

In Coeur d'Alene and Dalton Gardens, sales for the first six months of this year were down 23 percent from last year, while the average sales price remained steady at $230,556

In Post Falls, sales fell 26 percent, while the average price dropped 12 percent to $200,197.

In Hayden, residential sales through June were down 31 percent, and the average sales price declined 13 percent to $253,584.

And in Rathdrum and Twin Lakes, sales were off 3 percent from 2007, while the average sales price rose 8 percent to $189,950.

Homes are also taking slightly longer to sell.

The MLS reported that the average sales price of a 1,400 to 1,800-square-foot home was $214,835 so far in 2008, with an average of 120 days on the market.
*

In 2007, the average price of a three-bedroom, 1,400 to 1,800-square-foot home was $214,966, with 112 days on the market.

Most sales, 46 percent, were in the $100,000 to $199,999 range. Only 4 percent of the homes sold were over $500,000.

All told, there were 4,201 residential homes on the market at the end of June, the MLS reported, up 12 percent from one year ago. By comparison, there were 1,396 homes on the market at the end of June in 2005.
NEW REAL ESTATE DEVELOPMENT IN RATHDRUM
July 02, 2008 -12:21 pm |  46 Comments
 

Merritt Park development would include up to 900 living units on 302 acres

The development arm of Athol, Idaho-based Merritt Bros. Lumber Co. plans to develop a sprawling, mixed-use urban village in Rathdrum—with up to 900 residential units as well as commercial and industrial properties and land for parks and schools—on 302 acres of property.

The development unit, JHM Invest­ments LLC, will submit a plat request for the planned-unit development, to be called Merritt Park, within a year, says Scott Brown, of Hometown Development Inc., a Coeur d’Alene-based land-use consulting company that’s working with JHM on the proposal.

The property, which JHM Investments bought within the last few years, is located in the southwest part of Rathdrum, on undeveloped land bordered by Idaho Road to the west, Greensferry Road to the east, Burlington Road to the north, and a private road called Corral Court to the south. It’s mostly open land that was once used to graze cattle, Brown says.

Merritt Bros. was founded in 1968 in Priest River, Idaho, where it operated a mill that it sold to Idaho Forest Industries in 1993. The company operates a lumber mill in Athol that it opened in 1990, and a finger-joint lumber plant, which makes standard lenghts of lumber out of shorter pieces, it opened there in 1995.

As envisioned, Merritt Park would have several “districts,” including 125 acres of land zoned for low-density residential use, 100 acres for medium-density residential, 12 acres of high-density residential, 23 acres of commercial property, and 20 acres of land zoned for light industrial, Brown says.

In addition to the residential, commercial, and industrial land in the development, JHM Investments would designate 12 acres there for parks and open space and 10 acres for public uses, such as for a school, fire, or police station, Brown says.

The development’s envisioned 700 to 900 residential units wouldn’t be the maximum density the zoning would allow, Brown says.

“There will be a transition area around the perimeter of the development,” where the lots will be “quite a bit bigger than 10,000 square feet,” the minimum for a low-density residential zone, he says.

Brown says the portions of the development that would be designated for commercial and light industrial uses likely would serve small, startup businesses..

Brown estimates it will take eight to 12 years to complete building on the lots. JHM may choose to build on some of the lots and sell some lots to builders, he says.

The developer isn’t worried about the timing of the proposal in regard to the recent slowdown in the real estate market in Kootenai County. He says he expects consumer confidence in the market for new homes to improve after the elections.

By Mike McLean
Kootenai Co. reports drop in property tax value
June 02, 2008 -03:52 am |  No Comments
 
fficials in Kootenai County say taxable values in the northern Idaho county appear to have dropped by an estimated $500 million this year.
Related Stories & Links

* http://www.cdapress.com (weblink)

County Assessor Mike McDowell says the 2007 market value was about $16.6 billion, but in 2008 that figure could drop to about $16 billion. The county is separated into districts, and McDowell said the value in each district dropped between 2 percent and 5 percent on average.

"We're certainly seeing these numbers drop back down to more normal ranges," McDowell said, referring to recently inflated home values.

In 2006, the county's overall taxable value rose by 44.5 percent, then increased again last year by 14 percent.

The valuation figures are not yet final and will not be immediately matched with the treasurer's office to avert another tax mistake similar to the one that occurred in 2006. That year, an error in the data used to calculate and collect taxes led to a $1.4 million shortfall for the county.

County officials discovered the mistake, blamed on a software glitch, earlier this year, leaving the county without enough money to pay taxing entities like local schools and the cities of Coeur d'Alene and Post Falls.

The final figures should be available next week, McDowell said.

Earlier this week, the office mailed more than 84,700 assessment notices, up from the more than 81,400 sent last year.

The preliminary estimates show the fluctuation in values varied across the county. For example, property values on the east side of Lake Coeur d'Alene increased an average of 2 percent, according to McDowell.

Last year, waterfront properties rose by as much as 50 percent, but the value in those same properties varied, with some rising and others declining, he said.

The county has also increased the homeowner's exemption to $100,938, up from $89,325 in 2007.

Actual tax bills will be determined later this fall when government budgets are approved.

Despite the overall decline in assessment value, county figures show the value of new construction grew, as did some commercial properties.

Other north Idaho counties also are reporting slowdowns in the rise of property values compared to previous years. In Shoshone County, some Wallace properties rose 100 percent in 2007, but for 2008, values dropped 13 percent, said county Assessor Jerry White.

In Bonner County, the overall residential market value increased by an average of 4 percent in 2007, compared to average increases of between 30 percent and 40 percent in the two previous years, said Jeri Peterson, residential supervisor in the assessor's office.
Hagadone Building Lavish CDA Home
May 06, 2008 -01:15 am |  1 Comment
 
Duane Hagadone is again putting CDA on the map with the development of his new "Tree House". Coeur d' Alene does have some big properties! See part of the Spokesman Review article below:

It’s not the largest house in Kootenai County but the new Hagadone home being built at Lake Coeur d’Alene’s Casco Bay is perhaps the only tree house. The home’s living quarters are elevated on stone pillars, allowing a creek to run underneath through the property’s lavish flower gardens.

The two-bedroom, 22,040-square-foot home is under construction on Duane and Lola Hagadone’s longtime Casco Bay property. The site is visible from downtown Coeur d’Alene and the Coeur d’Alene Resort, which is also owned by the native businessman.

After its completion in 2009, the lakeside home will become the second-largest single-family residence in Kootenai County, dropping the Hagadones’ 14,933-square foot Stanley Hill home to third.

Compared with Spokane County homes, Hagadone’s new house will take second behind a hillside mansion in Liberty Lake measuring 31,847 square feet.
Prices Drop in CDA! More Affordable Housing!
January 25, 2008 -02:20 am |  1 Comment
 
COEUR D'ALENE, Idaho (AP) _ The Coeur d'Alene Association of

Realtors says sales of single-family homes in northern Idaho's

Kootenai County dropped 18 percent in 2007 compared to the

previous year.

But real estate agents in the fast-growing region say they

remain optimistic about the market.

The association reported that 1,909 homes on less than one acre

sold in Kootenai County in 2007, compared to 2,325 in 2006, and

3,231 in 2005.

In Kootenai County, the average price of a single-family home

fell 3 percent to $239,261 in 2007.
Another round of snow on the way
January 10, 2008 -12:15 pm |  2 Comments
 
It has been snowing like mad this week, see the article at KHQ.

Many buyers are thinking this is not the time to go out and look

at properties. Competition is LOW right now. Now is a great

time to go look at homes, deals can be picked up downtown CDA,

Post Falls, Hayden and Rathdrum. Give me a call...
Strong sectors to keep Kootenai growth on track
December 21, 2007 -11:17 am |  2 Comments
 
Strong sectors to keep Kootenai growth on track
Spokane Journal of Business - Spokane,WA,USA
Kathryn Tacke, the Coeur d’Alene-based regional economist for

the Idaho Department of Labor, estimates that Kootenai County’s

population will reach 137200 ...
See the entire story at:
http://www.spokanejournal.com/spokane_id=article&sub=3431
Bald Eagles in CDA
December 17, 2007 -07:17 am |  1 Comment
 
Bald Eagles are making their annual return to CDA.

Copy ad paste the link below for more details and where the

Eagles can be seen!

http://www.montanasnewsstation.com/Global/story.asp?S=7504060&na

v=menu227_7
Good Morning America in CDA!
December 10, 2007 -06:02 am |  1 Comment
 
Good Morning America filmed its morning show November 28, 2007 from downtown Coeur d'Alene!! 5 Million viewers watched the
annual light show put on by the Coeur d'Alene Resort.

Click on the link below to read more!
http://www.cdapress.com/articles/2007/11/13/news/news01.txt