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Published by mike, 2020-02-12 22:56:13

February 2020

February 2020

Market Update February 2020


Valentines Trivia

In addition to being the
unofficial patron saint of love,
what occupation is St. Valentine
also believed to be the patron of?

• Exorcist
• Arms Dealer
• Brewer
• BeeKeeper


Kootenai County Single Family Resale


“We expect home prices to rise
at least another 5% over
the next 12 months.”

Frank Martell

President and CEO
of CoreLogic


KCM.ORG


In the last 12 Months, 44 States had an increase in Home Equity.
Only one had a decrease.

CoreLogic


Forecasted Year-Over-Year % Change in Price

CoreLogic


Kootenai
County
$304,915


Valentines Trivia

Statistically, a woman who
purchases flowers on
Valentine's Day is most
likely buying them for ...?

• Her Significant other
• Her Mother
• Herself
• Her Children


“We expect mortgage rates
to remain low over the next
two years, averaging 3.8%
in 2020 and 2021.” – Freddie Mac


Increase in Home Equity over the next 5 years
$78,000
$378,000

potential growth in family wealth over the next 361,000
five years based solely on increased home equity

$345,000

$329,000

$314,000

$300,000

January 2020 January 2021 January 2022 January 2023 January 2024 January 2025

Increased home equity based on price appreciation projected by CDA MLS CAGR


Valentines Trivia

• In Old Ireland a heart was
carved into what as a
Valentines gift?

• Tree
• Palm
• Spoon
• Turnip


Residential Sales Comparison Year over Year
All MLS

722
691

585
590

617

461 586 509
462 396

319 324

311

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


Residential Snap Shot

January 1st , 2020-January 31st , 2020

Residential Snap Shot 03 Hayden
Area 01 CdA Area 02 Post Falls Area
106
Active Listings November 1st, 2018 – January 31, 2019 26
Homes Sold/Closed YTD 245 Active Listings 249 Active Listings 132
Avg Days on Market $329,000
Median Sales Price 79 Homes Sold/Closed YTD 83 Homes Sold/Closed YTD $410,000
Avg Sales Price 97%
SP/OLP 99 Avg Days on Market 123 Avg Days on Market

$315,000 Median Sales Price $300,000 Median Sales Price

$376,000 Avg Sales Price $308,000 Avg Sales Price

96% SP/OLP 100% SP/OLP

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

Active Listings 118 Active Listings 8 Active Listings 44
Homes Sold/Closed YTD 26 Homes Sold/Closed YTD 3 Homes Sold/Closed YTD 4
Avg Days on Market Avg Days on Market 127 Avg Days on Market 61
Median Sales Price 150 Median Sales Price $385,000 Median Sales Price $312,000
Avg Sales Price $325,000 Avg Sales Price $381,000 Avg Sales Price $311,000
SP/OLP $373,000 SP/OLP 93% SP/OLP 95%

96%

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

Active Listings 40 Active Listings 98 Active Listings 934
Homes Sold/Closed YTD 3 Homes Sold/Closed YTD 19 Homes Sold/Closed YTD 234
Avg Days on Market 87 Avg Days on Market 104 Avg Days on Market 122
Median Sales Price $315,000 Median Sales Price $113,000 Median Sales Price $315,000
Avg Sales Price $377,000 Avg Sales Price $141,000 Avg Sales Price $371,000
SP/OLP 97% SP/OLP 94% SP/OLP 98%

*Data provided by Cda MLS


Months of Inventory Analysis
Kootenai Site Built < 2 Acres
Nov 1st, 2019 through January 31st , 2020

70

61
60

50

42 41
40 39

30 26 27 26 26
23
17 17 15 15
20 13
14

10 6 77 98
5 6
4 555
11
0 3 33 2
1 00 00
1 00 1 1

Active Listings Sold During Time Period Months of Inventory


Months of Inventory Analysis
CDA Site Built < 2 Acres

Nov 1st, 2019 through January 31st , 2020

35

30
30

25

20
20

15

11 11
10
10 10
8
10 88
6 6 66 6
5 5
3 2 44 33
1 3 4
11
0 1 2

1 1 11

00 000 00 00

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS


Nationwide

AVERAGE NUMBER LISTINGS PER AGENT
WINDERMERE Cd’A Realty

7

LISTINGS


Talking Points….

• Days on market are starting to creep up just a
bit, especially in the higher price points.

• Watch for a quick increase in inventory within
the next few months, but currently inventory
is down 23% from this time last year.

• The Nations inventory has officially hit its
lowest point in record (since they started
tracking the data in the 80’s).


Months of Inventory Analysis
Rathdrum Site Built < 2 Acres
November 1st, 2019 through January 31st , 2020

12
11

10

8

6 6
6

4 4 5
1
3 2
1 2 00

2 1 1
1 00 00

0 0 000
0

Active Listings Sold During Time Period Months of Inventory


20 Months of Inventory Analysis
Hayden Site Built < 2 Acres
Nov 1st, 2019 through January 31st , 2020

18

18

16

14

12

10

8 9

66 6 3
1
6

4 4

3 33 3
2
22

2 1 1
1 00

0 0 00
0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS


Months of Inventory Analysis
Residential Waterfront

Nov 1st ,2019 through January 31st , 2020

25

21 21
20

15
12

10 9

5 6 6

54 4 4 2
3 1
3 3 3 3 33
00 00 1 2
2 2 11
00 00 00 0
11 1 1

00 00 000 00 00
0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS


Months of Inventory Analysis
Kootenai Site Built > 2 Acres
Nov 1st ,2019 through January 31st , 2020

30

25 24 24

21
20

15

10 8 88 8
1
6 44 66 7 5
5 3 3 1 5

2 3 33 3
1 22 2 11

0 1 1
00 00
000

Active Listings Sold During Time Period Months of Inventory


Months of Inventory Analysis
Post Falls Site Built < 2 Acres
Nov 1st, 2019 through January 31st , 2020

35

30 29
27

25
23
21

20 19 19

15

11

10 6 99 6
00 7
5
5
1
00 3 22
0 0 11

Active Listings Sold During Time Period Months of Inventory


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