Bidding wars in North Idaho bring home prices up

Rain Silverhawk's picture
Sandpoint Idaho home values rise

Selling homes quicker and for more money, what a great time to sell a home in North Idaho! Across the nation real estate home sale are on the rise once again. The inventory of homes for sale has been than it has been in years and has produced a strong sellers' market. Shorter inventory and a strong buyer demand will make Spring a very hot market season. So what does this mean in layman's terms.

For Home Sellers it is a great time to sell.

There is far less competition, shorter listing periods and higher sales prices. Where agents have had 50 homes in the Sandpoint, Idaho area to show a prospective buyer they now have 2 or 3. It isn't taking buyers long to realize that they have to move quickly if they find a home that they like. There is no more waiting for the weekend to see the new listing that just came on the market. Many homes for sale are winding up with multiple offers from buyers each competing with each other for higher prices and better terms.

I want the highest price for my home should I ask more?

Homes that are priced right are the ones that get seen and that get multiple offers. We are seeing lots of homes get over their list price because multiple buyers want it. One golden rule of real estate is that if you list too high buyers will not even look at it. Your only chance for selling higher is if you price it right to begin with.

Why not wait?
Real estate markets shift all the time. The savvy home seller who want to be packing up and moving soon will list their homes right now. Don't wait till everyone lists in April now is the best time to get your home sold.

Contact Rain Silverhawk of Keller Williams Realty 208-266-0011 to sell your home in North Idaho

Comments

Submitted by Kansasstudy (not verified) on
What is driving the housing demand in North Idaho Rain? If the inventory is short, isn't this also a good time for the people who are in construction business?

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