Press Article: Understanding North Idaho’s Real Estate Dynamics
COEUR D’ALENE, Idaho — At Thursday’s Hayden Chamber of Commerce luncheon, Jennifer Smock from Windermere CDA addressed critical trends in North Idaho’s real estate market, focusing on the ongoing imbalance between supply and demand.
Smock emphasized the urgent need for new construction across the region, noting, “Believe it or not, there’s still not enough inventory out there to supply the demand.” This shortage is particularly evident as the real estate landscape shifts towards northern communities, such as Rathdrum, which have not experienced the same level of development as more established areas like Coeur d’Alene, Hayden, and Post Falls.
The surge in demand for new homes in these less-developed regions is significantly influencing market dynamics. “It’s driving the price points up significantly,” Smock remarked, highlighting how the scarcity of inventory is pushing costs higher and affecting affordability for potential buyers.
As demand continues to escalate, the real estate market in North Idaho faces challenges that could impact future growth and community development. Smock’s insights provide a clear indication that reinvestment in construction is essential to meet the needs of a burgeoning population.
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