Mike Gregg- Realtor

09/15/2021

New Commercial/Investment Property Listing at 212 Appleway Avenue in Coeur d'Alene. Offered at $1,500,000. Let me know if you would like any additional information or details on the property. Best Regards, Mike

07/07/2021

Real Estate Data & Predictions...

What is going to happen to housing in the second half of 2021 and beyond. Ken breaks it down with an analysis of his 5 predictions for 2022 and beyond and hi...

07/07/2021

Commercial Real Estate Discussion w Kevin O'Leary...

I’ve made my view clear that a housing market crash is looking more and more likely every day, but not everyone agrees with me. Kevin O’Leary, of Shark Tank ...

06/06/2021

Not really any new news here... "Year over year, the cost of lumber has jumped 90 percent and steel prices rose 67 percent, while gypsum used to make drywall is up 12 percent and concrete rose 3 percent. Labor costs are also escalating.
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Surging Prices, Supply Shortages Have Impacts Beyond Housing Segment

02/08/2021

Some interesting quick bits on land... https://www.nar.realtor/commercial-connections/land-report-buyers-sellers-inventory-and-virtual-deals

I wasn't aware of substantial migration from Idaho to Colorado?... "Recreational Land
So many people are going from California to Idaho that it’s driving people out of Idaho and into Colorado. We just cannot keep enough inventory on the shelf because we’re putting it under contract before it even hits the open market. I did a recent virtual showing on Face- Time with someone from Tucson, Ariz., who was interested in 35 acres in the mountains. We put it under contract with a buyer who hadn’t set foot on the property."

- Justin Osborn, ALC, 2020 Future Leaders Committee chair, The Wells Group Real Estate Brokerage, Durango, Colo.

The REALTORS® Land Institute hosted a virtual roundtable Sept. 17, where land agents across the country shared stories about their pandemic-era experiences.

02/08/2021

Some interesting quick bits on land...

The REALTORS® Land Institute hosted a virtual roundtable Sept. 17, where land agents across the country shared stories about their pandemic-era experiences.

02/07/2021

Greenstone to develop Mead Kaiser Aluminum site..

The developer who transformed an old industrial site near downtown Spokane into the thriving mixed-use Kendall Yards development believes he can do the same thing on a 400-acre Kaiser Aluminum site north of the city limits in Mead.

02/05/2021

Interested in investing in Ironwood Medical Area? The owner of this property is offering some very good terms. Direct message me if you have any interest...

08/11/2020

East Sherman news...

Hagadone Hospitality Co. hopes to eventually build three towers of apartments, condominiums and hotel rooms on the east side of Coeur d’Alene near the Coeur d’Alene Resort Golf Course.

05/12/2020

Several friends recently mentioned.. "It seems there will be more demand for North Idaho real estate because even more people will be moving here from California, Seattle, Oregon, etc".

I agree we will see even more people move to North Idaho because they want to flee the big cities & now many of them can bring jobs with them.

The other side of the argument is the local real estate market will be negatively impacted by decreased values in those larger markets, local and national economic challenges, and general fear and uncertainty in the market.

Here are a couple of articles about this real estate topic...

https://www.geekwire.com/2020/boise-bozeman-bound-redfin-ceo-predicts-big-shift-smaller-cities-remote-work-takes-hold/

"During a Q1 earnings call last week, Redfin CEO Glenn Kelman said the aversion to big metro areas was already underway before the health crisis, driven by a housing affordability crisis.

Glenn Kelman of Redfin. (GeekWire File Photo)

“More permissive policies around remote work and a rising wariness about close quarters will likely accelerate that trend,” Kelman said. “More people will leave San Francisco, New York and even Seattle, some for nearby towns like Sacramento and Tacoma that are close enough to support a weekly office visit, others for a completely remote life in Charleston, Boise, Bozeman or Madison.”

Axios reported on a Harris Poll survey that found nearly one-third of Americans are considering moving to a less densely populated area because of the novel coronavirus outbreak."

https://www.nytimes.com/2020/04/19/us/coronavirus-moving-city-future.html

https://www.forbes.com/sites/josephcoughlin/2020/04/16/retirement-real-estate--covid-19-will-downsizing-to-the-city-reverse-course/

The rush to crowd into cities to be closer to tech jobs could be a thing of the past in the wake of the COVID-19 pandemic as more people embrace remote work and flee close quarters. And Seattle-based…

05/03/2020

New proposed development in the Post Falls Ponderosa area.. seems a little dense for the location, but I’m sure there will be some adjustments throughout the process ⚖️

The Post Falls Planning and Zoning Commission will hold a virtual public hearing via Zoom on May 12 at 6 p.m., on a request to subdivide approximately 10 acres into 50 single-family residential lots.