2712 Itani Drive, Moscow, Idaho 83843
$689,000
As you enter this 2,892 sqft property, prepare to be wowed by the gorgeous great room featuring expansive windows that frame the picturesque landscape. Beautiful hardwood floors flow throughout. The large kitchen boasts ample storage and a convenient pantry. Four spacious bedrooms grace the main floor, while the daylight walkout basement houses a cozy family room, a 5th bedroom, and a full bathroom – ideal for guests or a private retreat. Large back deck, perfect for dining or simply soaking in the surroundings. Situated in a fabulous cul-de-sac neighborhood, this home offers both tranquility and convenience.
1028 Charlie Creek Road, Emida, Idaho 83861
$185,000
Here’s an amazing opportunity to own country acreage all ready to build on at an affordable price. This 4.02 ac property is ringed with gorgeous trees and is perched over the Charlie Creek meadows and is a fantastic private place to live. The cover over the manufactured home is also a perfect place to convert to a shop, barndominium, or a machine shed cover. This property is located just a couple of miles down the road from 1000’s of acres of National Forest lands. This is a unique and beautiful property, you’d better grab this one while you still can!
364 Valleyview Avenue, Genesee, Idaho 83832
$415,000
Discover the ease of living in this well-maintained 3-bedroom, 2- bathroom Rancher nestled in the heart of a friendly neighborhood in Genesee, Idaho! Spacious, open floor plan & flooded with natural light. Kitchen/dining area with a sliding glass door to your backyard oasis, ready for your summer entertaining! Large deck, mature landscaping, and fire pit/swing set space up top where you can enjoy the Palouse views for miles! Genesee is great for commuters who will appreciate its proximity to Lewiston or Moscow. Don’t wait to call, this one won’t last long!
Cyprus Court Lots, Moscow, Idaho 83843
$125,000
Easy to build and city services available. Great neighborhood in Moscow perfect for your new home. Lots are southern facing and feature views of Paradise Ridge. Check with your local Realtor as to more details. Property corners will be marked soon. Building permits are approved.
2979 S Highway 95 #8, Moscow, Idaho 83843
$39,000
This modernized 1972 manufactured home offers the perfect blend of charm and convenience. 2 bedrooms and 1 bath are functionally situated within the 768sqft floor plan and numerous updates have been completed, including: fresh paint, updated electrical, and newly insulated and wrapped pipes in the crawlspace. The wood stove and HVAC system have also been recently serviced, so this residence truly is ready for you to move right in and make it your own. This home is a fantastic opportunity for first-time buyers, downsizers, or anyone looking for an affordable move-in-ready opportunity.
1210 Middle Potlatch Creek Road, Juliaetta, Idaho 83535
$250,000
Property with potential! Just over 5.5 acres located on the main Middle Potlatch Creek Rd. The house has potential for more bedrooms upstairs. Two springs on the property. One feeds the house and the other is down by the hay shed/barn. The one at the house runs all the time, the one by the hayshed/barn gets pretty slow in the later summer months per seller. Blackberry bushes and outstanding potential for a garden.Business Highlight
Main Street Antique Mall
This antique mall is truly stuffed with treasures. Their eclectic supply of antiques and collectibles has been serving Moscow since 2003! Stop by and find furniture, decor, jewelry and so much more!215 N Main Street, Moscow, ID 83843
Market Update
Heightened interest rates are keeping the market slower than last year, however, it is historically healthy. The Latah County residential market is compressing toward the average price. As of July 15th, the average home price was $404,000 in Latah County. If you had a property priced at or within $100,000 below the average price (assuming it was priced at or near market value) you are still in a seller’s market. That means multiple offers, escalations, etc. If you were $100,000 or more above, then the market is progressively slowing in those upper price brackets. This, of course, is speaking broadly. If you have a very unique, or historically hard-to-find property, these rules may not apply.
For commercial property, the market has been slow and steady. However, if you’re talking multifamily residential property, especially duplexes to four-plexes, then the market is strong so long as the property is priced at market value. Buyers are still hungry to own multifamily property that shows good potential cash flow, especially when they can owner-occupy it. There’s a trend whereby many first-time buyers opt to buy a duplex and rent one side out to make their mortgage more affordable.
Bare land has slowed but the pricing hasn’t slumped as many expect it to. Bare land is usually owned by people who don’t have to sell and therefore the motivation to sell is much longer term. This is in comparison to a house where their equity may be tied up and they can’t buy where they want to move until their current home sells. Bare land also doesn’t care if it freezes, or snows, and the property taxes are usually much more affordable so the push to drop prices isn’t as strong.
Should interest rates start to move toward or under 6% for the average home loan, I would expect there to be increased activity. However, the timing of this will have a lot to do with it as well. If it happens in the late fall and winter you may not see much, but if it happens or stays low into late winter/spring 2025, you can expect the market to see increased activity. This may also mean an increase again in prices in all sectors of the market.
Sean Wilson 07/15/2024
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