The picturesque lakeside city of Coeur d’Alene, Idaho, tops the list of the country’s hottest emerging housing markets, according to a new ranking launched Tuesday.
The Wall Street Journal/Realtor.com Emerging Housing Market Index identifies the top metro areas for home buyers seeking an appreciating housing market and appealing lifestyle
Lakeside Idaho City Is America’s Hottest Housing Market in New WSJ/Realtor.com Index
Prices are rising in Coeur d’Alene, and inventory is falling
Coeur d’Alene, Idaho, tops the list for housing markets with appreciating prices and appealing lifestyle amenities.
The picturesque lakeside city of Coeur d’Alene, Idaho, tops the list of the country’s hottest emerging housing markets, according to a new ranking launched Tuesday.
The Wall Street Journal/Realtor.com Emerging Housing Market Index identifies the top metro areas for home buyers seeking an appreciating housing market and appealing lifestyle amenities.
After Coeur d’Alene, the top metro areas in the ranking are Austin, Texas, Springfield, Ohio, and Billings, Mont. Spokane, Wash., just across the state border from Coeur d’Alene, ranks fifth.
Buyers from other Western states are moving to northern Idaho in droves, seeking a more rural and less expensive place to live, said Kristen Johnson, a real-estate agent at Century 21 Beutler & Associates in Coeur d’Alene. Workers able to work remotely are also choosing to relocate, she said.
The median sales price in the Coeur d’Alene region rose in March to $476,900, up 47% from a year earlier, according to the Coeur d’Alene Association of Realtors. Finding a home to buy in the metro area of about 166,000 is getting tougher: Inventory of homes for sale shrank by 71% to just 337 homes. That amounts to less than a month’s supply.
“That’s not enough to go around—therefore, every listing gets 30 offers,” Ms. Johnson said. “Since the pandemic, our market has been crazy.”
Coeur d’Alene was expensive when we were looking five years ago. That area also has a bunch of illegals. I have no idea why but they are there.
With prices that high locals won’t be able to stay. And then the politics will change. Possibly. Hopefully people are moving there for the right reasons.
IS Coeur d’Alene, Idaho the place where, last summer, about 100 armed men gathered in the downtown area and told the rioters not to come to their city? The rioters decided to go elsewhere.