Market Stats March 2018

March 2018

Market Update

Appreciation Over the Last 5 Years

By State

CoreLogic



5.0 PROJECTED
4.0
Percentage Appreciation

3.0 3.0 3.0

2018 2019 2020 2021 2022

Home Price Expectation Survey 2018 1Q

27.4% Cumulative

Bulls House

Appreciation

18.2% by 2022

All 8.3%
Projections
Bears

Home Price Expectation Survey 2018 1Q

Buyer’s Purchasing Power

RATE 5.25 $ 1,657 $ 1,615 $ 1,574 $ 1,532 $ 1,491
5.00 $ 1,610 $ 1,570 $ 1,530 $ 1,490 $ 1,449
4.75 $ 1,565 $ 1,526 $ 1,487 $ 1,448 $ 1,408
4.50 $ 1,520 $ 1,482 $ 1,444 $ 1,406 $ 1,368
4.25 $ 1,478 $ 1,438 $ 1,402 $ 1,365 $ 1,328
4.00 $ 1,432 $ 1,396 $ 1,361 $ 1,325 $ 1,289
3.75 $ 1,389 $ 1,355 $ 1,320 $ 1,285 $ 1,250
$ 292,500 $ 285,000 $ 277,500 $ 270,000
$ 300,000
-2.5% -5% -7.5% -10%

Principal and Interest Payments

rounded to the nearest dollar amount.





“It is the most profitable
time to sell a home in
more than 10 years yet
homeowners are staying put
longer than we’ve ever seen.”

Daren Blomquist

Senior VP at ATTOM Data Solutions



“If the housing bubble and
bust had not happened,
and home values had instead
appreciated at a steady pace,
the median home value would
be higher than its current value.”

Zillow

US Existing Home Median Sales Price

250
Actual With Normal Historic Appreciation

225

200

175

150

125

100

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

NAR

US Existing Home Median Sales Price

250
Actual With Normal Historic Appreciation

225

200

175

150

125

100

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

NAR

Kootenai County Median Residential Sales Price

213,000 253,000
227,000

155,000

110,000

Actual Normal Historic Appreciation

Residential Snap Shot
January 1 , 2018 – February 28, 2018

Area 01 CdA Area 02 Post Falls Area 03 Hayden

Active Listings 263 Active Listings 236 Active Listings 152
Homes Sold/Closed YTD 165 Homes Sold/Closed YTD 148 Homes Sold/Closed YTD 65
Avg Days on Market 113 Avg Days on Market 131 Avg Days on Market
Median Sales Price $262,000 Median Sales Price $250,000 Median Sales Price 114
Avg Sales Price $291,000 Avg Sales Price $276,000 Avg Sales Price $320,000
SP/OLP 97% SP/OLP 97% SP/OLP $347,000

95%

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

Active Listings 134 Active Listings 14 Active Listings 44
Homes Sold/Closed YTD 44 Homes Sold/Closed YTD 6 Homes Sold/Closed YTD 23
Avg Days on Market 160 Avg Days on Market Avg Days on Market 175
Median Sales Price $255,000 Median Sales Price 136 Median Sales Price $194,000
Avg Sales Price $278,000 Avg Sales Price $398,000 Avg Sales Price $222,000
SP/OLP 98% SP/OLP $409,000 SP/OLP 99%

96%

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

Active Listings 36 Active Listings 101 Active Listings 1086
Homes Sold/Closed YTD 8 Homes Sold/Closed YTD 32 Homes Sold/Closed YTD 485
Avg Days on Market Avg Days on Market Avg Days on Market 136
Median Sales Price 142 Median Sales Price 107 Median Sales Price
Avg Sales Price $280,000 Avg Sales Price $84,000 Avg Sales Price $261,000
SP/OLP $314,000 SP/OLP $101,000 SP/OLP $304,000

98% 92% 96%

*Data provided by Cda MLS

Residential Sales Comparison
Year over Year

612
580 577 567 590

535

452 392 402
395

313 317

266

Jan Feb March April May June July Aug Sept Oct Nov Dec

2014 Sold 2015 Sold 2016 Sold 2017 Sold 2018 Sold

*Data provided by Cda MLS

Months of Inventory Analysis
Coeur d'Alene Residential (Site built < 2 Acres)
December 1, 2017 through February 28, 2018

70
66

70 60 66
52
60
50 52

50
40

40

30

26 26
26
30 23
1 26
2
20 18 23
17 17

20 18 13 17 17 14
12

10 13 14 98
8 12

10 8 98 66 5 6
3 2
2 2 2 3 36 6 3 3 2 2 2 3 64 2
30 0 2 2 3 3 5 3 4
00 0 1 3 010
0 1 3 2 2 2 010

1

*Data provided by Cda MLS AAccttiivvee LLiissttiinnggss Sold During Time Period MMoonntthhss ooff IInnvveennttoorryy

Months of Inventory Analysis
Post Falls Residential (Site built < 2 Acres)
December 1, 2017 through February 28, 2018

90

8090 77

7080 77

6070

60 49
50

50 49
40 37

40 37

30 27 27 24
30 27 27 22

20 24
22

20 12
12
10 6 11 8 9
6 8 11 4 9
10 8 58 4 3 3
1 52 3 1 13
0 1 0 1 1 2 3 2 0 30 11 000 1 0 3 2
0 1 0 1 2 3 2 2 0 000 1 02 0
0 00
0 0

0

Active Listings Sold During Tiimee PPeerriioodd MMoonntthhssooffIInnvveennttoorryy

*Data provided by Cda MLS

Months of Inventory Analysis
Hayden Residential (Site built < 2 Acres)
December 1, 2017 through February 28, 2018

18

16
16

15

14
14

12
12

10 10
10

9

8

7 7 7
66
6 2
6 1

5

4 44 44 4
4 3
4 33
3 3
2
2 2 2 22
2
1 1
000
0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai County Residential (Site built < 2 Acres)

December 1, 2017 through February 28, 2018

200
188

180

160

140 136

120

100 92

80 74 72
65
60
60

46
42

40
30

25 22 18
21

20 12 14
36
7 2 3 3 96 855 846 846 4 6 9
10 2 2
0 1 1

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai County Residential > 2 acres
December 1, 2017 through January 31, 2018

30

27

25

20 19 18

16
15

15 14
13

10 10 10

10 9 66 99 9
5 45
6 8 7 66
54 6 3 6
4 2
2 5 1
3 0
44
33

11
0 00 0

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai County Residential with Waterfront
December 1, 2017 through February 28, 2018

16
15

14

12 12
12

10 99
9

8

6 6 66 66
6

5

444 4
4
3 333 3 33 3
33

22 2 2 2 22 2 22
2
1 111
11

00
0

*Data provided by Cda MLS Active Listings Sold During Time Period Months of Inventory

Talking2Points…

• Kootenai County Average DOM has increased a bit, reflective of
the extended closing time on New Construction. When you take
out New construction DOM drops to 111 from 136.

• Since January 1st 2018, 7 properties have sold over $1,000,000. 4
have been cash, 3 conventional financing. 5 were waterfront.

• We are starting to see a “balancing out” of the market in
the $450,000 and above price points in Kootenai Co Single family
residential.

Months of Inventory Analysis
Kootenai County Residential - Condo
December 1, 2017 through February 28, 2018

16

14
14

12
11

10
9 99

8

8
7

6 6 66 66 66
6 55

4

33 3 33 3 3 33 3

22 22 22 1
2 11 1 11 1 1 11 00
0 0 0 00 0 00 0 0
1 0

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Rathdrum/Twin Lakes Residential (Site built < 2 Acres)

December 1, 2017 through February 28, 2018

30

26
25

21
20

15 14 14
13
12

10 9
77

54
33

2 22
2
1 1
11
000 0 000 000 000 000 000 000 000 000 000 000 00 0
0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai County Vacant Land
December 1, 2017 through February 28, 2018

140

121
120

108

100

80

60 57 51
44 44

40 36 34 34

29 27 30
26 26

21 21 21
18
20 17 17 17 17 15
14
12
9 6 7 9 6 7 9 7 10 6 4 9
0 0 0 0 3 0 5 20 3
3 2 3 1 3 1
0 00 0

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai County Residential with Secondary Waterfront

December 1, 2017 through February 28, 2018

16
15

14

12

10
9

8

66

6
5

4 3 33 2 2 3
33 22 1 1 1

2 1
1 11 1

0 00 0 0 0 0 000 000 0 0 0 000 0 0 000 000 000 0 00 0
0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS