Hayden price-cut-a-palooza
The changing of the seasons offer opportunities to refresh, restart and/or try new things. It might also be an opportunity to save a little money on the real estate market.
No matter the time of year, price drops can occur on homes that sit on the market for several weeks. Autumn can add a bit more urgency, especially for sellers who listed in the summer and want the process to end before the end of the calendar year.
Homes can sit on the market for many reasons, not all of them necessarily negative. Some homes are simply priced too far above their market value. But many agents and sellers purposefully start high and then “refresh” the listing with incremental price drops.
In many cases, a home might be perfectly priced at the slightly wrong time. Even a $1,000 drop might catch the attention of the ideal buyer that just wasn’t looking for the house at the right time.
Numerous price drops aren’t necessarily indicative of a slowdown in the market, either. In general, we know the North Idaho market remains strong and that prices continue to steadily climb. That’s all the more reason to consider taking advantage of the occasional outliers.
This week we’re traveling to Hayden, which is always extremely desirable to many types of buyers. Families flock to the centrally-located neighborhoods, while others looking for some true North Idaho “social distance” can find property with acreage and more privacy.
You don’t have to live on the lake to enjoy waterfront recreation thanks to Hayden Lake public access at Honeysuckle Beach. You can also live on or near a couple of golf courses or live on a hill and look down on our vibrant, growing community. Or you can find a home seconds away from schools, grocery stores and other essential amenities.
The price-cut-a-palooza in Hayden this week focuses in town with some tempting recent price drops (keeping in mind that some of these may have already attracted a pending offer).
We start with two homes west of Highway 95 and just off Hayden Avenue. A three-bedroom, two-bathroom home with just over 1,700 square feet, appealing backyard space and located on a cul-de-sac just slashed $10,000 earlier this month to come in at $339,000. A few blocks west and near Broadmoore Park is a four-bedroom, 2.5-bathroom home with almost 1,700 square feet, and large backyard space priced at $425,000, down $17,000. Both listings tout fruit trees on their properties. Free fruit!
A bit north, just off Miles Avenue is a four-bedroom, two-bathroom home with more than 1,800 square feet and a three-car garage built in 2009 with an especially-appealing patio setup priced at $434,000, down $9,000 earlier this week.
Meanwhile, a three-bedroom condo with more than 1,600 square feet and located just east of Government Way near Orchard Avenue offers spacious, low maintenance living for $395,000, a drop of $12,000 from last month.
East of Finucane Park in Loch Haven Hills are a couple of higher-end homes with recent price cuts. A four-bedroom, 2.5-bathroom home with almost 2,500 square feet, gorgeous landscaping and a spacious deck with hot tub comes in at $629,000, down by $20,000 earlier this week. A four-bedroom, 2.5-bathroom home with 2,100-plus square feet in the same neighborhood offers equally appealing backyard space and updates throughout the home at $569,000, down $29,000 recently. Both listings come with access to the community’s two pools and multiple tennis courts.
Stay tuned for more price-cut-a-palooza for other local communities this fall in Neighborhood of the Week.
• • •
Let us know about the standout neighborhoods around North Idaho you want to see featured in Neighborhood of the Week. Realtors! Reach out to us with updates on new developments and established neighborhoods in Coeur d’Alene, Post Falls, Hayden, Rathdrum and beyond. Contact Tyler Wilson at twilson@cdapress.com.
