POST FALLS – Mark Martin, married with three children, moved to the area almost seven years ago for a job.
Her family has been renting their three-bedroom, two-bathroom home for over six years for $ 1,400 a month. Now they may be forced to relocate during the holidays.
Just before Thanksgiving, the family received two days’ notice that their house would be on the market. The real estate agent also said he would need to access the house for visits. The 1,382 square foot home is listed with Keller Williams Realty for $ 420,000.
Although the owner is not doing anything illegal, the Martins are appalled. They said they were told they “could stay as long as they wanted” even though they had a monthly rental agreement, Mark Martin said.
The owners of the Martins rental live out of state and have had little contact with them. Rent was always paid on time and maintenance issues were dealt with promptly, Martin said.
“We’ve always had a good understanding,” he told The Press. “I think it’s been a decent relationship.”
Martin said he was a homeowner for 10 years before moving to northern Idaho.
“I think that’s what hurts the most,” Martin said. “When the time came for us to sell our property in Oregon, I gave my tenant three months notice.”
The Martins contacted their owner to implore them to wait until after Christmas.
They were told that due to the owner’s “personal issues”, the sale could not be delayed. Martin wonders if the sudden sale is due to the rise in home values.
Martin reviewed tenant rights in Idaho and learned that the landlord is required to provide 30 days written notice from himself or a property manager.
Idaho Legal Aid has confirmed that with a month-to-month contract, the only requirement is 30 days written notice.
The Martins were not told they had to move.
The family had opted for the month because they had saved up to buy their own house. For the past two years, they have searched for their “forever home,” Martin said. They haven’t found the right place and now the prices are putting their dream out of reach.
The situation caused stress for Martin and his wife. They kept the news of their three children, aged 4, 7 and 10, to protect them from concerns, Martin said.
Due to the real estate exhibitions, Ms. Martin has removed personal effects and family holiday decorations, and she is concerned about the uncertainty of their future, Martin said.
With the current housing market conditions, the family has not found rental accommodation they can afford and may therefore be forced to move out of the area, he said.
According to redfin.com, a housing market analysis group, in November, house prices in the Coeur d’Alene area were up 27% from November 2020. The median house price is now 578. $ 000.
According to the Coeur d’Alene Association of Realtors, the median price of a Kootenai County home in October was $ 475,000. The association’s current active listings total 382, and the average number of days in the market is 76.
Rental prices have also increased.
Nathan Barber, public relations specialist at LendingTree, said Idaho saw a 22% increase in rental prices in 2021. The average one-bedroom unit costs $ 841, Barber said.
Kristen Johnson, a real estate agent at Century 21 Beutler & Associates and president of the Coeur d’Alene Association of Realtors, said she did not see a “huge disruption in the rental market.”
“Some investors, if they have a large fleet, may give up some investment property right now,” Johnson said Friday. “But it’s probably a small percentage.”
But that small percentage is little comforting to Martin, an electrical engineer who has said his family loves the place.
“We thought the environment was ideal for the children. There was a little hometown feel when we moved here, ”said Martin. “Now it doesn’t look like that at all. ”
They started noticing changes about a year ago, Martin said.
“Everything has just started to take off from the market. People were flocking to buy property, ”Martin said.
“We really love the Post Falls area,” Martin said. “We have established ourselves here.
As a Cub leader for his children’s troops and a coach for their athletic activities, Martin hopes something will work out so they can stay in Post Falls.
“We are people who fear God – believers,” said Martin. “We trust that God will provide for our needs in one form or another. ”