2021_Annual_Meeting

Noteworthy in 2020

 The Highest priced home on the lake sold for $27.5 million in Windy Bay
on Lake CdA, and a $17,000 Mobile sold with a $510 brokerage fee paid.

 28% of our closed sales were cash

 DOM fell even further to 65 for previously owned homes

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

 1729 Realtor members are in our MLS, making the new ratio
approximately 1/95th person in Kootenai County is a Realtor.

 Who would have predicted the Corona Virus would have made our home
vales appreciate about 11% in 6 months

 The Bright side of all this is we still get to enjoy another Day in Paradise
doing what we love.

Residential Snap Shot 2019 vs 2020

Coeur d’Alene Post Falls

Active Listings -10% Active Listings -16%

Homes Sold +7% Homes Sold +.6%

Median Sales Price +17% Median Sales Price +17%
$379,000* $340,000*

*Median sold values rounded up to nearest thousandth

Hayden Kootenai County

Active Listings -9% Active Listings -9%

Homes Sold +6% Homes Sold +10%

Median Sales Price +12% Median Sales Price +16%
$400,000* $369,000*

*Data provided by Coeur d’Alene MLS

2020 Average Sales Price

All MLS

1,350,000

398,000 570,000 +23%
+17% +17% Res H2O

Res <2 Ac Res >2 Ac

*Data provided by Coeur d’Alene MLS

2020 Average Sales Price

All MLS

472,000

426,000

195,000 +21% +16%
+25% Condo Multi-Family

Vacant Land

*Data provided by Coeur D’Alene MLS

% Increase in Average Sold Values

Kootenai County all Residential

16%
8%
13%
12%
4% 9% 8% 9%

2012 2013 2014 2015 2016 2017 2018 2019 2020

Single Family Homes % of Market Share
(All MLS)

6% 3% 3% 1% 5%
$601-750k $750-900k $900-1.5 $1.5 + Under $200k

10% 22%
$501-600k $201-300k

17%
$401-500k

32%
$301-400k

2020 New Construction vs. Re-sale

Residential Single Family All MLS
(lots and Acreage)

1257New Avg. Sales Price Avg. Sales Price
$403,000 $437,000
Construction +9% +20%
Units

4513
Re-Sale
Units

New Construction was 22% of Single Family Sales in 2020
1% higher than last year.
Single Family homes all MLS (on Lots and Acres)

*Data provided by Coeur d’Alene MLS

Kootenai & Bonner County Building Permits & Value
2020

Kootenai County Bonner County
$398 Million

$15 Million $63 Million

1438 396 $2.5 Million Value
Single Family
Permits
Remodel/Additions 322 104
Single Family

Remodel/Additions

Residential Median Sales Price by Year
Kootenai County

369,000

213,000

155,000

95,000

1995 2000 2006 2010 2020

*Data provided by CdA MLS







Population Growth by Age Group

Needs updated Total Growth from 2001 to 2018, Kootenai County

From sam
 Observed Growth

100%

80%
80%

60%

40% 30% 31%
20% 15%

0%

-20%

Under 15 15 to 39 40 to 64 65 and Older

Source: US Census Bureau, Idaho Department of Labor

2021 Projected Average Sales Price

All MLS

937,000

430,000 616,000 +11%
+8% +8% Res H2O

Res <2 Ac Res >2 Ac

*Data provided by Coeur d’Alene MLS

2021 Projected Average Sales Price

All MLS

510,000

473,000

218,000 +11% +8%
+12% Condo Multi-Family

Vacant Land

*Data provided by Coeur D’Alene MLS

Outlook for 2021

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