Janna Rankin Scharf, GRI, CLHMS, SFR - Coeur d'Alene Certified Luxury Home Marketing Specialist
It's that time of year we like to take a look at the final statistics for home sales for the previous year. This report deals specifically with waterfront homes for sale on beautiful Coeur d'Alene Lake in 2010. Coeur d'Alene Lake is the back yard to some of the most beautiful homes to be found anywhere. Let's see how they fared on the local real estate market.
ACTIVE as of 12/31/2010
There were 55 Coeur d'Alene Lake waterfront homes on the market on December 31, 2010. Their list prices range from $250,000 to $7,995.000 with an average price of $1,348,878.
The list price per square foot of the waterfront homes on the market range from $133.33 to $4,800 with an average list price per square foot of $554,72.
Days on Market Averaged 209, with a low of 31 and a high of 638.
PENDING as of 12/31/2010
There were no Coeur d'Alene Lake waterfront home sales pending at the end of the year.
SOLD as of 12/31/2010
In 2010, there were just 15 Coeur d'Alene Lake waterfront homes to sell. While this number is just a fraction of all the homes offered for sale, it is more than double the number that closed in 2009: seven.
The Average Days on Market of the homes that sold ranged from 64 to 371 with an average of 204.
The Sold price ranged from $199,900 to $1,450,000. The listing price to sales price ratio ranged from 64% to 100% with an average of 90%.
The price paid per square foot ranged from $94.19 to $734.27 with an average of $300.55.
EXPIRED, CANCELED and WITHDRAWN in 2010
There was a whopping 40% increase in 2010 of the number of homes that expired without selling. Eighty-eight listings expired, as compared to 52 in 2009.
There were 19 canceled listings of Coeur d'Alene Lake waterfront homes for sale, compared to 21 in 2009.
Just 2 listings were withdrawn from the market, down from a total of 6 in 2009.
SHORT SALES and REOS on Coeur d'Alene Lake in 2010
As of 12/31 there had been 6 waterfront properties listed as short sales. Four were still active, 1 had expired and 1 had been canceled.
Five Coeur d'Alene Lake waterfront homes for sale in 2010 were banked owned. Three were still for sale at the end of the year and 2 had expired.
As spring approaches, we will begin to see more and more beautiful Coeur d'Alene Lake waterfront homes coming on the market to compete for the few buyers who will be out seeking deals of a lifetime. Call me if I can assist you in realizing your Coeur d'Alene Lake waterfront dream!