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Market Snapshot
Spokane and Coeur d'Alene might be separated by a state boundary line, but these two cities are only 32 miles apart with Spokane located in Washington and Coeur d'Alene nestled in Idaho. The 30 minute drive between these two cities is a win-win for residents of both towns as Interstate 90 makes commuting between these cities a breeze. Why do people love it here? The beautiful surroundings, breathtaking views, ample recreation, quality schooling and a vibrant culture are just the beginning for why families are quickly moving to these cities.
Spokane residents have lot of avenues to unwind from the daily grind. The Spokane River is an excellent place to try out white water adventures while the Northwest Rockies are great spot first-rate skiing opportunities. Avid bikers will love the Centennial Trail, and hikers can take advantage of the city’s many nature preserves. Coeur d'Alene also has many outdoor opportunities as this town is known for its many ski resorts and world-class golfing facilities. One such course, part of the Coeur d'Alene Resort, even has one of its holes floating on the lake. Mountain biking, camping, hiking and fishing are just some of the other popular pastimes to take advantage of in and around the city.
Those with a keen ear for music will love what Coeur d’Alene Symphony and Opera has to offer. There is also the Lake City Playhouse, which is great for live theater, and the Silverwood Theme Park, which is perfect for a great day out with the family. Coeur d'Alene is a retail hub, which means it has some of the best shopping and dining choices in the whole area. The city’s historic downtown center is a shopper’s dream with its many independent outlets selling clothes, art and antiques.
Spokane similarly has much to offer. The Northwest Museum is where you’ll find rare Native American exhibits while the First Friday Art Walk, held on the first Friday of every month, showcases beautiful artworks from local artists. The music scene is mostly dominated by the city’s Symphony and Jazz Orchestra, but if you are the sort who loves food and festivals, Spokane also hosts hundreds of live music events throughout the year. Among its many landmark events, the most popular undoubtedly is “Pig Out in the Park” – a six-day celebration offering of a variety of food and music concerts at Riverfront Park.
Both cities offer high quality schools for its residents. In fact, Spokane has the second largest school system in Washington, and Coeur d'Alene’s is considered the best in Idaho with one of its schools ranked in the country’s top 50.
With so many things to do here, setting up a new home in the Spokane-Coeur d'Alene region is an easy decision. At New Home Source, we make that decision easier with our builders offering homes that are not only affordable, but also rich in amenities that make life easier and more comfortable.
New Homes for Sale in Spokane And Couer D Alene, WA
Spokane And Couer D Alene has 11 new home communities, with 313 houses available for sale. You can see all the new construction homes for sale in Spokane And Couer D Alene as well as consider the many communities. These houses start at just $558,800, and they have up to 2,979 square feet of space, so people from all walks of life can invest in a quality new construction home. 9 homebuilders design and build 25 home plans, and your dream home is among them. Spokane And Couer D Alene is among the fastest growing housing markets in the U.S.
Spokane Housing Market Conditions
Spokane has an allure that continues to draw new households including 3,000 in 2023. Much of the growth comes from retirees and pandemic-induced migration. The lower cost of living, affordability and beautiful scenery make this an affordable alternative to those migrating from California and Seattle. While the housing demand was high, prices were on the rise. The city is now in the top ten cities finding prices quickly on the decline.
What can’t be overlooked is the natural beauty and great outdoor recreation. From hiking to skiing to cycling, there is plenty of allure in Spokane. Anticipating a rebound in single family permits in 2024, this area remains a great place to put down roots. Another perk for potential buyers is the leveling out of increased home pricing making it easier to qualify for a new home when the market adjusts for over valuation.
The dropping unemployment rate and continued growth of new households is a bright light in this struggling new home market. The selection of new home communities will draw you to this region. Live in Spokane and the Spokane Valley as it offers more new homes for sale throughout 2023.
Market Overview: New Homes in Spokane And Couer D Alene, WA
Here is a quick overview of new housing developments in the Spokane And Couer D Alene area and the new construction market for new build homes in Spokane And Couer D Alene:
| Market Name | Spokane And Couer D Alene |
| State Name | Washington |
| Subdivisions | 11 |
| Homes Under Construction | 4 |
| Quick Move-in Homes | 4 |
| Floor Plans | 25 |
| Starting Price | $558,800 |
| Average Price | $593,462 |
| Price Per SqFt | $265 |
| Home Builders | 9 |
| Leading Builders |
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