Spokane, Coeur d'Alene among most overvalued real estate markets in the nation

Two recent reports from Moody's Analytics and Florida Atlantic University that indicated Spokane and CDA are among the most overvalued markets in the nation with buyers paying around a 50% premium.

Section:Gallery

Thu., May 19, 2022

New homes are shown under construction in a new neighborhood off North Indian Trail Road on May 19, 2022.

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Around the intersection of North Indian Trail Road and Barnes Road, seen in the center of this photo on May 19. Spokane County’s median home price continues to rise, hitting a recordbreaking high of $450,000 in May.

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Near the intersection of North Indian Trail Road and Barnes Road, luxury hillside homes are going in on West Lowell Avenue in far north Spokane Thursday, May 19, 2022. The rapid growth in that area is due, in part, to the the real estate market’s unprecedented growth in recent years. The road in the foreground is Barnes Road but these homes face Lowell.

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Luxury homes are going up at a rapid pace on North Jodi Street.

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Homes near the intersection of North Indian Trail Road and Barnes Road are shown in 2022. The peak time for buying and selling homes in Spokane starts with warmer weather.

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