June 2019 (3)

Market Update
June 2019

Residential Sales Comparison Year over Year
All MLS

691

653 590
585
535 617

586

461 462 530
388
461 459

319311 307

324

2014 Sold 2015 Sold 2016 Sold 2017 Sold 2018 Sold 2019 Sold
Jan Feb March April May June July Aug Sept Oct Nov Dec

*Data provided by CDA MLS

Residential Snap Shot
January 1st , 2019-May 31st , 2019 31, 2019

Area 01 CdA Area 02 Post Falls Area 03 Hayden

Active Listings 955 Active Listings 975 Active Listings 521
Homes Sold/Closed YTD 471 Homes Sold/Closed YTD 475 Homes Sold/Closed YTD 252
Avg Days on Market Avg Days on Market 106 Avg Days on Market 93
Median Sales Price 89 Median Sales Price $257,000 Median Sales Price $350,000
Avg Sales Price $315,000 Avg Sales Price $307,000 Avg Sales Price $405,000
SP/OLP $351,000 SP/OLP 98% SP/OLP 98%

98%

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

Active Listings 368 Active Listings 26 Active Listings 124
Homes Sold/Closed YTD 178 Homes Sold/Closed YTD 10 Homes Sold/Closed YTD 67
Avg Days on Market 111 Avg Days on Market 92 Avg Days on Market 98
Median Sales Price $280,000 Median Sales Price $496,000 Median Sales Price $275,000
Avg Sales Price $321,000 Avg Sales Price $435,000 Avg Sales Price $303,000
SP/OLP 99% SP/OLP 98% SP/OLP 99%

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

Active Listings 70 Active Listings 248 Active Listings 3392
Homes Sold/Closed YTD 25 Homes Sold/Closed YTD 102 Homes Sold/Closed YTD 1549
Avg Days on Market 96 Avg Days on Market 118 Avg Days on Market
Median Sales Price $281,000 Median Sales Price $130,000 Median Sales Price 101
Avg Sales Price $349,000 Avg Sales Price $145,000 Avg Sales Price $303,000
SP/OLP 97% SP/OLP 94% SP/OLP $355,000

95%

*Data provided by Cda MLS

Year over Year Comparison (1/1 – 6/10)
Single Family Kootenai County

Year over Year Comparison (1/1 – 6/10)
Single Family Kootenai County

Single Family New Construction by Zip Code YTD 2018/2019

Hayden

Cd’A North Rathdrum
Post Falls Downtown/Midtown

Single Family Resale By Zip Code YTD 2018/2019

Downtown/Midtown

Hayden

Cd’A North

Rathdrum

Post Falls

Single Family YTD 2019

Post Falls Hayden Rathdrum
Cd’A North Downtown/Midtown

Single Family YTD 2019

Cd’A North Hayden Rathdrum
$365K $392k $282K

Downtown/Midtown
$404k

Post Falls
$298k

Months of Inventory Analysis
Kootenai Site Built < 2 Acres
March 1st ,2019 through May 31st , 2019

250
228

200

154 151
150

124

100 93
88

75

50 45
37 3638

22 24 22 22 17 18 21 21
46 855 40
216 5 6 1 2 2 2 15 15 13 96 10 9 15
11 1 32 4 4 3 59
0

0

Active Listings Sold During Time Period Months of Inventory

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25
25

21 21 21
21 21 21

20
20

15 14 14 14 15
15 14 14 14 15

1212 12 12
1212 12 12
1010 11
1010 11 10
10
10
10

88 7 8 7
88 7 8 7

6
6 55
55 5 55 5
5 55 5
5 44 4 44 4
5 44 4 44 4

33 33
33 33
22 2 2 2 2
22 2 2 2 2

11 1 1 11
11 1 1 11
00 00 0
0 00 00 0

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40 Months of Inventory Analysis 21
Hayden Site Built < 2 Acres
35 March 1st, 2019 through May 31st , 2019
35
30
31
30 21

26
25

20

15 14 14

12

11 11

10 10

10

88

77

6 55 66 5
5 4

3 33 3
222
2 22 2
1 1 1 11 1
1 1 1 1 1
0
00 0 00

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS







Freddie Mac says….

• The Bureau of Labor Statistics reported an
unemployment rate of 3.6% in April, which
marked a 50-year low

• Real Gross Domestic Product grew at an
annual rate of 3.2% in the first quarter,
beating expectations.

• We expect GDP to grow 2.3% in 2019 before
slowing to 1.8% in 2020.

A recession occurs when there are two or more consecutive
quarters of negative gross domestic product (GDP) growth.

National talking points….

• House price appreciation in the first quarter of
2019 was slightly higher than previously
anticipated. This has led us to revise up our
2019 annual forecast for home price growth to
3.6%. On the other hand, we expect house
price growth to moderate to 2.6% in 2020.

• By the 4th of July ... Longest Economic
Expansion Ever



Local talking points…

• Kootenai County residential sales are down
7% YTD

• Median sales price is up 10%
• We are still not making much headway on

listings, they are down 8% from this time last
year



Months of Inventory Analysis
Residential Waterfront

March 1st ,2019 through May 31st , 2019

25

21 21
20

18

15
15

14 14

10 9 9 12
10 9 8
77 5 6 7
8 6 66 4 00
5 3
55 4 44 2 11
5
2 33 00
3
222 1 1
00
11
00

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
CDA Site Built < 2 Acres

March 1st , 2019 through May 31st , 2019

80

70 69

60 57

50
50 48

40 39
35

30

24 24 21
2121 21

20 18

14 14

11 910 1010 11
33 7
10 9 8 8 8
6 2 5 1
5 3 2 3 4 5
2 11 2 00
10 1 1 2 2 21 21 2
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
March 1st, 2019 through May 31st , 2019

100

90 88

80

70 60
63

60

50

39 40 41

40

35

30

20

10 7 9 10
0
55 65 4 6 6
4
2 3 2 122 2 21
1 11 00 100 010
000

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Rathdrum Site Built < 2 Acres
March 1st, 2019 through May 31st , 2019

35

30 29

25

21
20

18

15
12

10 9

66

55 5 45 4

33 33

2 22

011 11 111

000 00 00 00 0 0

0

Active Listings Sold During Time Period Months of Inventory