March 2020 (1)

Market Update
March 2020

Residential Snap Shot

January 1st , 2020- February 29th , 2020

Area Residential Snap Shot 03 Hayden
01 CdA Area 02 Post Falls Area
Active Listings 158
Homes Sold/Closed YTD November 1st, 2018 – January 31, 2019 52
Avg Days on Market 358 Active Listings 372 Active Listings 112
Median Sales Price $369,000
Avg Sales Price 149 Homes Sold/Closed YTD 155 Homes Sold/Closed YTD $392,000
SP/OLP 97%
99 Avg Days on Market 117 Avg Days on Market

$337,000 Median Sales Price $305,000 Median Sales Price

$378,000 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 193 Active Listings 11 Active Listings 69
Homes Sold/Closed YTD 58 Homes Sold/Closed YTD 7 Homes Sold/Closed YTD 15
Avg Days on Market Avg Days on Market 96 Avg Days on Market 74
Median Sales Price 134 Median Sales Price $450,000 Median Sales Price $330,000
Avg Sales Price $320,000 Avg Sales Price $437,000 Avg Sales Price $327,000
SP/OLP $370,000 SP/OLP 95% SP/OLP 101%

98%

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

Active Listings 52 Active Listings 129 Active Listings 1365
Homes Sold/Closed YTD 8 Homes Sold/Closed YTD 41 Homes Sold/Closed YTD 466
Avg Days on Market 96 Avg Days on Market 101 Avg Days on Market 114
Median Sales Price $358,000 Median Sales Price Median Sales Price
Avg Sales Price $398,000 Avg Sales Price $135,000 Avg Sales Price $325,000
SP/OLP 95% SP/OLP $161,000 SP/OLP $375,000

95% 98%

*Data provided by Cda MLS

Residential Sales Comparison Year over Year
All MLS

722
691

585
590

617

461 586 509
462 396

319 310

311
324

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

2015 Sold 2016 Sold 2017 Sold 2018 Sold 2019 Sold 2020 Sold

*Data provided by CDA MLS

Months of Inventory Analysis
CDA Site Built < 2 Acres

December 1st , 2019 through February 29th , 2020

50
46

45

40 38
36

35

30

25

20

20 13 12 12
17 7 7
11
15 7 2 2

10 11
10

7 7 6 6 6
1 6 4 2 4

5 2 1 1 2 1 1
2 00 00 00
0 1

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai Site Built < 2 Acres
December 1st, 2019 through February 29th , 2020

200

180 173
160

140
122

120

100 96

80

60 50
51 46

40 33 35 29 32

20 17 1820 17 15
4 5
011 12 10 7 4 7 11 69 12
2 2 2 1 41
0 1 2 6 3 452 31 20 21

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Kootenai Site Built > 2 Acres
December 1st ,2019 through February 29th , 2020

16
15

14

12
11 11

10
10

8
7 77

6
6

55

4 4 4 44
1 1
4 3 3 3 3 3 333 3 3
3 00 00 2
2 22
2 1
11 11 1 1

0 00

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Post Falls Site Built < 2 Acres
December 1st, 2019 through February 29th , 2020

90
85

80

70

60 57
50

40 34
26
30 19 19
23
13
20
2 2 7 6
10 45 3
10
2 1 2 010 11 2
0 0 0

Active Listings Sold During Time Period Months of Inventory



In The Words of Matthew Gardner….

• Todays massive drop in the equity markets can, in large part, be
attributed to the collapse of the oil markets globally.

• It has increased the likelihood of a recession this year to about
65%

• Agents need to understand that even if we have a recession,
housing will not be impacted.

• In fact, given the drop in bond yields, mortgage rates could
actually drop enough to get more buyers to start looking.







Home Price Change $290K
$273K
during the last
$211K $214K
6 RECESSIONS

over the last 45 Years

Start End $146K $151K

$74K $78K $84K $87K
$37K $41K

1973-75 1980 1981-83 1990-91 2001 2008-2010

Federal Reserve



Median Seller Tenure 10 10 10

in Their Home 999 9 9

Since 1985 8

77

66666 6666666

5

1985 1987 1989 1991 1993 1995 1997 2000 2002 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
NAR

Foreclosures by State

Source: https://www.realtytrac.com/statsandtrends/foreclosuretrends/

In January, the number of properties that received a foreclosure
filing in U.S. was 13% higher than the previous month and 7%
higher than the same time last year.

Previously Owned
Homes

Previously Owned Homes

How to get to the
Stats on Flex

You will be redirected to
the Info Sparks page

Simply pick your “area”
Then your county



Talking Points….

• Kootenai County Previously owned home values have
increased 6.5% from this time last year

– (Yr over Yr 2018/2019 it was 16%)

– New Construction is 8.5% (16.5% previous)

• New listings are still down a bit .5%

• Closed sales YTD for all residential are down about 3%

• Pending sales for new construction are up 8%, and down 4%
for resale

Months of Inventory Analysis
Residential Waterfront

December 1st ,2019 through February 29th , 2020

25

21 21
20

15
12

10 9

6 6 6

54 4 4
2
3 2 3 3 3
11 22 2 00
2 2 2 2 2 2
00 2 2 00 1
1 1 1
1 1 00
00
0 000 000

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Hayden Site Built < 2 Acres
December 1st, 2019 through February 29th , 2020

16
15 15

14
14

13

12

10
10

8 7 7 6
2 6
6 5 4
5 4 1 2

4 3 3 33
1 1
2 2 2 22
1 0 1
1

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Rathdrum Site Built < 2 Acres
December 1st, 2019 through February 29th , 2020

30

25 24
20

15 13 6 3 3 6
12 4 11 00
4 2
10 1 2 1

5 1
2 00

0

Active Listings Sold During Time Period Months of Inventory