Real Estate
Priest River market Prices climbing, but affordable homes exist Priest River is 22 miles west of
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SUMMER 2008
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tor and utility costs minimized by the remodel, will have rents at the high end of that range.
SANDPOINT MAGAZINE
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Sandpoint, situated at the confluence of the Priest and Pend Oreille rivers and accessed from Sandpoint by a pastoral journey on U.S. Highway 2. Home prices in the Priest River/ Priest Lake area have climbed steadily in recent years to a median selling price of $183,893 in 2007, according to Windermere associate broker Carlene Peterson. She points out that homes in the town are grouped with more expensive resort properties in outlying areas and at Priest Lake. A new home in town or just beyond the city limits is more likely to cost about $210,000, and the older, smaller homes above the highway can go for as little as $130,000. Buyers include those who looked for second homes or vacation homes in Sandpoint but decided its prices were too high, as well as workers in Priest River and Sandpoint. New areas of moderately priced homes include Green Meadows, planned to have 102 single-family homes on Bodie Canyon Road, and Beardmore West Village on Beardmore Avenue at 14th. The latter will include 42 townhomes with prices starting at less than $150,000 and will include access to community trails, garden areas, and a pavilion for picnics and barbecues. Prices for waterfront property are, of course, higher. Older homes along both rivers go for $400,000 to $500,000, while developed lots at the new Hidden River Estates range from $242,000 for a lot with secondary waterfront access to $499,000 for the largest waterfront lot with a private dock. Peterson anticipates that the homes in The Settlement will start in the $500,000 range. Commercial properties in the downtown area rent for 90 cents to
$1.25 per square foot per month. The Beardmore Building, with amenities such as paved parking, an eleva-
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