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