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Published by mike, 2020-01-22 17:11:00

Jen Presentation (1) (1) 2020

Jen Presentation (1) (1) 2020

Noteworthy in 2019

❑ A 9 Million dollar home on the Spokane River sold for cash (Not the
Amway house), and a $6,000 Mobile sold “as-is” with a $1000 brokerage
fee paid (17% brokerage fee)

❑ 25% of our closed sales were cash

❑ DOM fell even further to 72 for previously owned homes

❑ MOI hit its lowest point in Kootenai County at 1.1 in December

❑ 1546 Realtor members are in our MLS, making the new ratio
approximately every 100th person a Realtor.

❑ The Bright side of that is we still get to enjoy another Day in Paradise
doing what we love.


Residential Snap Shot 2018 vs 2019

Coeur d’Alene Post Falls

Active Listings -6% Active Listings +7%

Homes Sold -5% Homes Sold +6%

Average Sales Price +11% Average Sales Price +5%
$371,000* $327,000*

*Average sold values rounded up to nearest thousandth

Hayden Kootenai County

Active Listings -8% Active Listings -2%

Homes Sold -1% Homes Sold -2%

Average Sales Price +6% Average Sales Price +8%
$421,000* $377,000*

*Data provided by Coeur d’Alene MLS


2019 Average Sales Price

All MLS

937,000

330,000 470,000 +14%
+8% +6% Res H2O

Res <2 Ac Res >2 Ac

*Data provided by Coeur d’Alene MLS


2019 Average Sales Price

All MLS

397,000

334,000

147,000 +15% +21%
-4% Condo Multi-Family

Vacant Land

*Data provided by Coeur D’Alene MLS


% Increase in Average Sold Values

Kootenai County all Residential

8%
13%
12%
9% 8% 9%
4%

2012 2013 2014 2015 2016 2017 2018 2019


Residential Single Family

< 2 Acres Kootenai County
Price Range Statistics

$500-699,999 0-$149,9995
7% $700-899,999 5%

$400-499,999 2%
10%
$150-199,999
5%

$200-249,999
15%

$250-299,999
26%

$300-399,999
30%


2019 New Construction vs. Re-sale

Residential Single Family All MLS
(lots and Acreage)

1089 Avg. Sales Price Avg. Sales Price
$367,000 $351,000
New +9% +8%
Construction
4036
Units Re-Sale
Units

New Construction was 21% of Single Family Sales in 2019
Same as last year.
Single Family homes all MLS (on Lots and Acres)

*Data provided by Coeur d’Alene MLS


Kootenai & Bonner County Building Permits & Value
2019

Kootenai County Bonner County
$340 Million

$16 Million $60 Million

421 389 $2 Million Value
Single Family
Permits
Remodel/Additions 335 84
Single Family

Remodel/Additions


Residential Median Sales Price by Year
Kootenai County

305,000

213,000

155,000

95,000

1995 2000 2006 2010 2019

*Data provided by CdA MLS


MLS CAGR 24 Year History

2.7 Billion

198 Million 2019
1995

*Data provided by Coeur d’Alene MLS


Windermere Realtors CAGR
24 Year History

611 Million

Wow… Incredible 2019

3 Million
1995

*Data provided by Coeur d’Alene MLS


Population Growth by Age Group

Total Growth from 2001 to 2018, Kootenai County

 Observed Growth

100% 80%
80%
60% 30% 31%
40% 15%
20%
0%
-20%

Under 15 15 to 39 40 to 64 65 and Older

Source: US Census Bureau, Idaho Department of Labor


80 and Older Population Structure
70 to 79
60 to 69 Current Population
50 to 59 Kootenai County
40 to 49
30 to 39 5k 10k 15k 20k 25k 30k
20 to 29
10 to 19 Source: US Census Bureau, Idaho Department of
Under 10 Labor

0k


Population Structure

Current Population with Projection, Kootenai County

80 and Older Projection
70 to 79
60 to 69 38,000 new
50 to 59 residents by
40 to 49
30 to 39 2028
20 to 29
10 to 19 5k 10k 15k 20k 25k 30k
Under 10
Source: US Census Bureau, Idaho Department of Labor
0k


The Service Shift

Employment by Industry in Kootenai County

◼ Services ◼ Goods
20%
10%

0%
-10%
-20%
-30%
-40%

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Source: Idaho Department of Labor


2020 Projected Average Sales Price

All MLS

937,000

356,000 494,000 +5%
+8%
+5% 2019 +14%
Same increase
2019 +6% Res H2O
Res <2 Ac
Res >2 Ac
*Data provided by Coeur d’Alene MLS


2020 Projected Average Sales Price

All MLS

437,000

367,000

154,000 +10% +10%
+5%
2019 +19% 2019 +16%
2019 -4%
Condo Multi-Family
Vacant Land

*Data provided by Coeur D’Alene MLS


Outlook for 2020

❑ Job Growth:

strong, but supply-constrained
unemployment to remain under 4%

❑ Labor Supply:

very tight
driving wages up
more competition

❑ Housing:

limited supply
slower price escalation

entry level homes diminishing
New construction starts will be about the same

❑ Interest Rates:

Remain around 4% until 2021


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