May 2019 (1) (2) (2)

Market Update
May 2019

The index is comprised of six major categories: grocery items, housing, utilities,
transportation, health care, and miscellaneous goods and services. For example, an index
below 100 means the region has a lower cost of living, whereas above 100 means it is more
expensive to live.







Year-Over-Year Change in Price

Forecasted Year-Over-Year % Change in Price







Site Built <2 Acre
May 2019 vs May 2018

Area Avg Sales $ % # Sold # Active /% DOM
01-Cd’A +/- change -36 (69)
02-Post Falls -45 (75)
03-Hayden +10% -17 % -11% -39 (73)
04-Rathdrum/TL ($342,000) -47 (74)
+12%
+8% n/c
($294,000) +10%

+17% +21% -18%
($397,000)

+4% +18%
($281,000)

Site Built >2 Acre
May 2019 vs May 2018

Area Avg Sales $ % # Sold # Active /% DOM
01-Cd’A +/- change -50 (86)
02-Post Falls -11 (151)
03-Hayden -26% -50 % -26% -25 (127)
04-Rathdrum/TL ($474,000) -52 (73)
-37%
+40% n/c
($691,000) -27%

+17% +50% -16%
($663,000)

+14% -20%
($518,000)

Residential Sales Comparison Year over Year
All MLS

691

653
590

617 585

586

461 462 530
388
403 459

319311 307

324

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 - April 30th , 2019

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

November 1st, 2018 – January 31, 2019 430
Active Listings 748 Active Listings 787 Active Listings 177
96
Homes Sold/Closed YTD 336 Homes Sold/Closed YTD 358 Homes Sold/Closed YTD $352,000
$418,000
Avg Days on Market 95 Avg Days on Market 107 Avg Days on Market 97%

Median Sales Price $307,000 Median Sales Price $273,000 Median Sales Price

Avg Sales Price $343,000 Avg Sales Price $309,000 Avg Sales Price

SP/OLP 97% SP/OLP 98% SP/OLP

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

Active Listings 285 Active Listings 17 Active Listings 99
Homes Sold/Closed YTD 129 Homes Sold/Closed YTD 9 Homes Sold/Closed YTD 51
Avg Days on Market 114 Avg Days on Market 96 Avg Days on Market 103
Median Sales Price $272,000 Median Sales Price $484,000 Median Sales Price $273,000
Avg Sales Price $311,000 Avg Sales Price $405,000 Avg Sales Price $290,000
SP/OLP 99% SP/OLP 97% SP/OLP 99%

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

Active Listings 53 Active Listings 187 Active Listings 2680
Homes Sold/Closed YTD 21 Homes Sold/Closed YTD 77 Homes Sold/Closed YTD 1132
Avg Days on Market 104 Avg Days on Market 125 Avg Days on Market
Median Sales Price $228,000 Median Sales Price Median Sales Price 105
Avg Sales Price $331,000 Avg Sales Price $130,000 Avg Sales Price $297,000
SP/OLP 96% SP/OLP $147,000 SP/OLP $352,000

92% 93%

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai Site Built < 2 Acres
Feb. 1st ,2019 through April 30th , 2019

160

140 135

120

99
100

9392
87

80 77
71

60

40 35
32

26 25 25

21 21 21
18
20 16 16
12 13 13
12 11 6 67 11 10 9 5
4 7 7 31 0
3 4
200 1 3 2 2 1 2 3 2 113 20

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Kootenai Site Built > 2 Acres
Feb. 1st ,2019 through April 30th , 2019

25

21 21
20

15
14

11 11
10 9 9 10 10

99

7 7 8 77
6 6 33
66 5 6 6 0
6 4

5 5
44

33 3

2 2 2 22
2 1
00 00 00
11 1

00 0 0
0

Active Listings Sold During Time Period Months of Inventory

14 Months of Inventory Analysis
Kootenai Co Waterfront
12
12 Feb. 1st ,2019 through April 30th , 2019

12 12 12

10

8

6 6
6

4 44 44
4 33

3

2 2 2
2 2

1 1 1 111 111

00 00 00 00 000 000 00 00
0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Kootenai Co Premier Properties
Feb. 1st ,2019 through April 30th , 2019

40

36
35

30
30

25 24

20
18

15 15
15

12 12 12 11 12 12
8
11 10

10 8 8
8

6

5 54 4 4 44
2
33 3
0
2 22 22

1 11

00 00 00 00

Active Listings Sold During Time Period Months of Inventory

Talking Points

• Absorption rates overall are down YTD this
year compared to last from 3.6 to 2.8 MOI,
that is a 20% decrease. (MLS wide)

• Average DOM have decreased from 118 to
114 YTD

• Pending sales YTD are up 18%

Residential Waterfront
Year over Year - May

Area Avg Sales $ % # Sold # Active /% DOM
+/- change -15 (242)
01-Cd’A -21 (202)
-12% -71% -13% -55 (93)
02-Post Falls ($1,091,000) (2) -42 (156)
-57% -40 (169)
03-Hayden +31% -28% -33 (199)
($1,182,000) (5) -19%
08-Cd’A Rural East
+88% -58% +9%
10 –Rockford/Windy ($1,063,000) (5)
Bay -42%
09-Harrison/Chain -65% -40%
Lakes ($418,000) (2) N/C

-59% -80%
($390,000) (1)

+319% +100%
($1,362,500) (2)

Months of Inventory Analysis
CDA Site Built < 2 Acres

Feb. 1st , 2019 through April 30th, 2019

45

40 39

35 30
33

30
28

25
21

20
20 19

15 14

11 11

10 10

10
88

7

66

55

5 4 322 4 3
2 22
22 2
1

00 00

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Post Falls Site Built < 2 Acres
Feb. 1st, 2019 through April 30th , 2019

60

51
50

40 33
32
31
30

20 12 5 3 6 2
10 4 11 2 00
10
5 33 2 1

0 1 1 000 000
00 00

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Rathdrum Site Built < 2 Acres
Feb. 1st, 2019 through April 30th , 2019

25

20
20

15

12

10 10 9
8 9

6

5
5 44

33

22 22

11 11 1 11 11

00 00 000 00 00 0 0

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Hayden Site Built < 2 Acres
Feb. 1st, 2019 through April 30th , 2019

25
23

21

20
18

15 14

12

11

10 9 99
10

7

6

5 55
5
54 4 44

2 333

2 21 2
1
1 11

00 00 00 00 00 000 00 00 0
0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Residential Waterfront Kootenai County
Feb. 1st ,2019 through April 30th , 2019

25

21 21
20

15 15
15

12

10 9 77 6 7 6 8
8 5 5 5
5 3 4
5 8 3 1 3 2
6 2
1 11 00 2
0 5 1
4 00

222

00

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS