Journal of Business, February 24th, 2005
Construction of luxury vacation homes and second residences near lakes in Kootenai County has increased sharply and buyers from across the country are getting in on the action.
Builders say the high-end second-home market started to take off about five years ago, and there's no end in sight to the trend.
Prices for new high-end homes now range between roughly $1 million and $5 million, says Jim Edwards, owner of Edwards Construction Inc., a Coeur d'Alene contractor that specializes in building high-end vacation homes.
A few years from now, $5 million homes might be a bargain for those who c...
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