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Published by mike, 2019-11-25 14:19:52

Market Update November 2019

Market Update November 2019

Market Update November
2019


Talking Points

• The internet hasn’t replaced real estate professionals. Eighty-nine
percent of buyers—a record high for the report—say they used an
agent to purchase a home.

• Young adults ages 25 to 34 make up a quarter of all home buyers, the
largest share.

• The average sales price of new construction is increasing at a quicker
pace than resale home. 9% vs. 4% YTD Year over Year


Residential Sales Comparison Year over Year
All MLS

722 676

583 630 615
535

461 462

311 307

Jan Feb March April May June July Aug Sept Oct Nov Dec

2014 Sold 2015 Sold 2016 Sold 2017 Sold 2018 Sold 2019 Sold

*Data provided by CDA MLS


Residential Snap Shot

January 1st , 2019- October 31st , 2019

Residential Snap Shot
Area 01 CdA Area 02 Post Falls Area 03 Hayden

Active Listings November 1st, 2018 – January 31, 2019 902
Sold/Closed YTD 1791 Homes Active Listings 1833 Active Listings 569 Avg
Avg Days on Market 87
Median Sales Price 1215 Homes Sold/Closed YTD 1208 Homes Sold/Closed YTD $352,000
Avg Sales Price $417,000
SP/OLP 83 Avg Days on Market 99 Days on Market 97%

$320,000 Median Sales Price $287,000 Median Sales Price

$365,000 Avg Sales Price $317,000 Avg Sales Price

97% SP/OLP 99% SP/OLP

Area 04 Rathdrum/Twin Lakes Area 04a Hauser Lake Area 05 Athol/Spirit Lake NW Kootenai Co

Active Listings 670 Active Listings 55 Active Listings 231
Homes Sold/Closed YTD 425 Homes Sold/Closed YTD 30 Homes Sold/Closed YTD 165
Avg Days on Market 103 Median Avg Days on Market 81 Avg Days on Market 88
Sales Price $287,000 Median Sales Price $481,000 Median Sales Price $299,000
Avg Sales Price $335,000 Avg Sales Price $454,000 Avg Sales Price $325,000
SP/OLP 98% SP/OLP 98% SP/OLP 98%

Area Athol/Bayview 06 NE Kootenai Co Area 12 Silver Valley Area All Kootenai Co

Active Listings 128 Active Listings 440 Active Listings 6162
Homes Sold/Closed YTD 64 Homes Sold/Closed YTD Homes Sold/Closed YTD 3882
Avg Days on Market 96 Avg Days on Market 267 Avg Days on Market
Median Sales Price Sales Price Median Sales Price 94
Avg Sales Price $376,000 Avg Sales Price 98 Median Avg Sales Price $314,000
SP/OLP $400,000 SP/OLP SP/OLP $370,000
$137,000
96% 96%
$153,000

95%

*Data provided by Cda MLS


Months of Inventory Analysis
CDA Site Built < 2 Acres

August 1st , 2019 through October 31st, 2019

100
94

90

80

71
70

63

60

50

40 31 36
20 25
30
18 18 21 21
20 2 10 21
11 11 1111 9 10 342 223 4 6 3
10 6 7 3 22 00 11 0 000
21
3 000
0 111111

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS


Months of Inventory Analysis
Residential Waterfront

August 1st ,2019 through October 31st, 2019

45

40 39

35

30

25 24
21 21

20 17 17
16
11
15 8 13
13 9
2
10 9 1
8 6

6 44
5
3 33
00 00
22 2

1 1 1 1
0 0 00
00 00 00 00 00 0 000

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS


Months of Inventory Analysis
Kootenai Site Built < 2 Acres
August 1st ,2019 through October 31st, 2019

350

301
300

250

201
200

150
134
126

98
100 89

75 75

49
50 43

32

113 223 18 10 1 1 2 2 2 17 21 23 24 10 14 11 9 4 974 10 8 21 18 21
41 0 2 3 2 4 44 61 41

0

Active Listings Sold During Time Period Months of Inventory


Months of Inventory Analysis
Kootenai Site Built > 2 Acres
August 1st, 2019 through October 31st, 2019

25

21 21

20
20

17

15 5 4 12 14 13 6 5 11 12
2 11 11 13 4 10 10
10 3 7 3 4
2 2 5 11 7 2 2 7 11
5 4 9 0
3 8 6 3
3 5 22
11 22 4
0 2 2 1

1

Active Listings Sold During Time Period Months of Inventory


Months of Inventory Analysis
Post Falls Site Built < 2 Acres
August 1st, 2019 through October 31st, 2019

160

140 134
120

100 82
70
80
10 37 50 51 28 12 242 9 223 020
60 1 2 36 22 8 31
5
40 4 4

20
4

11
0

Active Listings Sold During Time Period Months of Inventory


Months of Inventory Analysis
Rathdrum Site Built < 2 Acres
August 1st, 2019 through October 31st, 2019

35
33

30

25

20

15 10 14
13 9

10

55 5

5 4

33 3 3
2 222

1 1 1 11
0
00

0

Active Listings Sold During Time Period Months of Inventory


Months of Inventory Analysis
Hayden Site Built < 2 Acres
August 1st, 2019 through October 31st, 2019

70
64

60

50
44

40

30
26
24

21

20 17
16 15

12 11

10 8 8 9 9

2 23 4 6 3 55 3 2 2 3
1 2 22 3 11 00 00 11
4
10 1 22

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS


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