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Idaho home prices tumble 14 percent

Idaho home prices tumbled 14 percent between August 2009 and August 2010, the worst depreciation in the country, according to business information provider Core Logic.

In Washington, prices fell 5.1 percent eighth worst in the United States. Oregon ranked fourth, with a 6.3 percent decline.

Spokane homes lost 7.4 percent of their value, those in Coeur d’Alene 9.1 percent

Nationally, prices fell 1.5 percent, the first decline this year, Core Logic said today.

The results include short sales and homes taken back by lenders.

Excluding what Core Logic calls ”distressed sales,” Spokane prices were down 6.3 percent. Coeur d’Alene’s prices 12.1 percent.

Core Logic said home prices by August had retreated 28.2 percent from their peak in April 2006. 

 


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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

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John Stucke John Stucke is a deputy city editor who helps build local news coverage and writes about health care, bankruptcy and rural affairs.

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