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