By Kent Anderson, from Schweitzer to the Lake
(Coldwell Banker Resort Realty, Sandpoint, Idaho)
The stats are in for condo sales in Sandpoint. Idaho and Schweitzer Mountain! As we can see from the graph below, prices have been holding fairly well (only 16% below 2007's "sold" prices). The lack of volume in 2009 is alarming but not much of a diversion from what we have seen nationally. Note the sale price/list price ratio and the days on market. ...fairly solid. North Idaho is a strong retirement/baby-boomer area and the numbers above support that. Condos are one of the "homes of choice" for retirees and their value has held well through these difficult times.