Real estate has volatile ride in year's 1Q

The first quarter of 2014 has started out with some volatile movement in volume and prices in some areas and steady progress in other areas of North Idaho. At right is a table of the number of homes sold in the three northern counties by quarter for the last three quarters and a comparison of those sales numbers with the corresponding quarter one year earlier.

Numbers are compared for each quarter to the corresponding quarter one year earlier to remove seasonal variation inherent in the market. Looking at Kootenai County there is a rapid decline in the number of homes sold when comparing to year earlier numbers. Boundary County is down, then up significantly and finally in the first quarter of this year the number of sales has dropped by nearly 50 percent. Finally, Bonner County has shown steady sales with no significant changes in the number of units sold when compared to year earlier figures.

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