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Published by mike, 2019-02-20 17:55:18

Feb 2019 (1)

Feb 2019 (1)

Residential Sales Comparison Year over Year
All MLS

691

653
590

617 585

586

461 459 530
388
319311 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-January 31st, 2019

Area 01 CdAReArseiadential Snap S0h2oPotst Falls Area 03 Hayden

Active Listings Novemb29e0 r 1st, 2018Active Listings – January 33215 , 2019Active Listings 196
29
Homes Sold/Closed YTD 65 Homes Sold/Closed YTD 74 Homes Sold/Closed YTD 113
Avg Days on Market 105 Avg Days on Market 119 Avg Days on Market
Median Sales Price $306,000 Median Sales Price $268,000 Median Sales Price $335,000
Avg Sales Price $341,000 Avg Sales Price $295,000 Avg Sales Price $378,000
SP/OLP 96% SP/OLP 97% SP/OLP
98%

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

Active Listings 123 Active Listings 6 Active Listings 50
Homes Sold/Closed YTD 28 Homes Sold/Closed YTD 0 Homes Sold/Closed YTD 16
Avg Days on Market 128 Avg Days on Market 0 Avg Days on Market 117
Median Sales Price $267,000 Median Sales Price $0 Median Sales Price $223,000
Avg Sales Price $314,000 Avg Sales Price $0 Avg Sales Price $255,000
SP/OLP 99% SP/OLP 0% SP/OLP 98%

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

Active Listings 21 Active Listings 107 Active Listings 1,167
Homes Sold/Closed YTD 3 Homes Sold/Closed YTD 25 Homes Sold/Closed YTD 229
Avg Days on Market Avg Days on Market 113 Avg Days on Market 119
Median Sales Price 168 Median Sales Price $115,000 Median Sales Price
Avg Sales Price $420,000 Avg Sales Price $133,000 Avg Sales Price $281,000
SP/OLP $371,000 SP/OLP 92% SP/OLP $352,000

84% 79%

*Data provided by Cda MLS


“We believe that the best home price
growth is likely in the rearview mirror
and the market is likely to skew toward
transaction growth, which should
ultimately provide a more stable
foundation for affordability and the
housing market.”

Ivy Zelman

The Z Report


Mortgage Rate Projections

Quarter Freddie Fannie MBA NAR Average
Mac Mae of All Four

2019 2Q 4.8 4.5 4.7 4.7 4.68

2019 3Q 4.8 4.5 4.8 4.8 4.73

2019 4Q 4.8 4.5 4.8 4.9 4.75

2020 1Q 4.8 4.5 4.9 - 4.73

1/2019


Q: When do most listings
Come on the market?

A: The 2nd Quarter of each Year


Coeur D’Alene

Population is 47,842 Number of Employees
22,187
1.2% Growth
2% growth

Median age is 36.3

Median Property Value
$307,000

Median Household Income
$43,770

1.78% growth


Months of Inventory Analysis
Kootenai Site Built > 2 Acres
Nov 1, 2018 through Jan 31, 2019

200

180 175
160 158

140

120 115

100

82
80 72

60 57 54
41
45
24 25
40 17 17
29

18 21 21

20 13 1112 13 12 12

9 6 10 1 1 2 2 2 4 4 3 352 67 528 2 7 41 4
31 00 3 0

0

Active Listings Sold During Time Period Months of Inventory


Post Falls

Population is 30,157 Number of Employees
13,994

1.05% growth

Median age is 33.9

Median Property Value
$275,000

Median Household Income
$48,894

.5% decline


Months of Inventory Analysis
Post Falls Site Built > 2 Acres
Nov 1, 2018 through Jan 31, 2019

80
76
74

70

60

52
50

42
40

33

30 25
26

20 19

10 8 9

5 6
00
4 4 4 3 3
32 11 11
2 1 1
00

0

Active Listings Sold During Time Period Months of Inventory


Rathdrum

Population is 7,357 Number of Employees
2,794

4% growth

Median age age is 35.7

Median Property Value
$267,000

Median Household Income
$48,076

13% Growth


Months of Inventory Analysis
Rathdrum Site Built > 2 Acres
Nov 1, 2018 through Jan 31, 2019

30

25
25

22

20
17

15

10 3 4 6 8 4 3 1 1 3 2
11 1 1 1 11 11 00 00 11 00
5
000 000
1
00
0

Active Listings Sold During Time Period Months of Inventory


Hayden

Population is 13,916 Number of Employees
6,475

1% decline

Median age age is 40.8

Median Property Value
$350,000

Median Household Income
$58,069

3% Growth


Months of Inventory Analysis
Hayden Site Built > 2 Acres
Nov 1, 2018 through Jan 31, 2019

30

25 24
22
21 21 21
20

16

15
15 14

13

11

10 8
8

77

66

5 55
5
44
3
33 3 3 33

2 22 2

11 11 1 1 11 1 1 11

000 0 0 0 0 00 00 0 0

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS


Rent Increase Estimates


Kootenai County Housing Affordability

280,000

31% Of Annual Income 32% Of Annual Income
Interest Rates were 8% Interest Rates @ 4.75%

163,000

46,000 53,000

Median Sales Price

$1,200 $1400 Median Income
2010 2018 P & I Payment

*All numbers are rounded for ease, P&I Is based on 5% down loan


Talking Points…

• The price reductions are much more
significant this January compared to a year
ago.

• We are starting to see a significant slow down
in the market on higher priced properties.

• January sales are slower than this time last
year.


Months of Inventory Analysis
CDA Site Built > 2 Acres

Nov1, 2018 through Jan 31, 2019

60

51
50

40 38
29
32
30

20 16 17 21
15 13 2
8 9 7 13 10 9 6 12 9
10 1 1 8 6 2 11
112 8 4 3 00
00 5 4 2 1 11 1
0 00

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS


Months of Inventory Analysis
Residential Waterfront

Nov1, 2018 through Jan 31, 2019

25

21 21
20

15

10 9 9

55 6 5 5 6
3 4 4
2 3 3
3 2 2 3 2 2 2 2 3
0 22 1 00 00 2 1
11
1

000 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 1, 2018 through Jan 31, 2019

25

21 21 21
20

15 12
12

10 9
8
8
6 7 7

6 6
5
55

5 4 44 4 44 4
4 3 3
4
1
33 3 3 00
22 1
22 2 222 2
2 1 1
1 1
1 00

00
0

Active Listings Sold During Time Period Months of Inventory


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