july 2019

July 2019

2017/2018/2019 Median Sales Price Mid Year

Kootenai County

750,000

640,000

+6% 599,000 +15%

+10% 487,000 2017
2018
300,000 458,000 2019
410,000
271,000

244,000

Res <2Ac Res >2Ac Res Waterfront

*Data provided by Coeur d'Alene MLS % Indicates increase/decrease from Yr over Yr

2017/2018/2019 Median Sales Price Mid Year

Kootenai County

+21% +13%

237,000 330,000

287,000

256,000

+12% 187,000

179,000 2017
2018
136,000 2019

120,000

102,000

Vacant Land Condo Multi Family

*Data provided by Coeur d'Alene MLS % Indicates increase/decrease from Yr over Yr

The last 4.5 years

Kootenai County Residential Median

46% Increase in Value 289,000 306,000
255,000

206,000

2015 2017 2018 2019 YTD

*Data supplied by Cda MLS

Area 01 Cd’A/Dalton-Single Family



Area 02-Post Falls-Single Family



Hayden/Single Family

New Listings by Month/Year
Kootenai County Single Family

620 May 2015 May 2016 660
May 2014
May 2019

May 2015

265 266
Nov 2014

Nov 2015 Nov 2015 248

14-May 14-Aug 14-Nov 15-Feb 15-May 15-Aug 15-Nov 16-Feb 16-May 16-Aug 16-Nov
17-Feb 17-May 17-Aug 17-Nov 18-Feb 18-May 18-Aug 18-Nov 19-Feb 19-May



Residential Sales Comparison Year over Year
All MLS

691

653

535 617 583 590
585

586

461 462 530
388
461 459

319 311 307

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-June 30th , 2019

Area 01 CdA Area 02 Post Falls Area 03 Hayden

Active Listings 1143 Active Listings 1189 Active Listings 601
Homes Sold/Closed YTD 579 Homes Sold/Closed YTD 626 Homes Sold/Closed YTD 311
Avg Days on Market Avg Days on Market 98 Avg Days on Market 88
Median Sales Price 89 Median Sales Price $280,000 Median Sales Price $350,000
Avg Sales Price $315,000 Avg Sales Price $310,000 Avg Sales Price $406,000
SP/OLP $354,000 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 443 Active Listings 32 Active Listings 154
Homes Sold/Closed YTD 233 Homes Sold/Closed YTD 14 Homes Sold/Closed YTD 86
Avg Days on Market 108 Avg Days on Market 83 Avg Days on Market 92
Median Sales Price $284,000 Median Sales Price $496,000 Median Sales Price $285,000
Avg Sales Price $324,000 Avg Sales Price $461,000 Avg Sales Price $315,000
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 83 Active Listings 298 Active Listings 4058
Homes Sold/Closed YTD 34 Homes Sold/Closed YTD 134 Homes Sold/Closed YTD 1984
Avg Days on Market 97 Avg Days on Market 112 Avg Days on Market
Median Sales Price $384,000 Median Sales Price $131,000 Median Sales Price 98
Avg Sales Price $401,000 Avg Sales Price $146,000 Avg Sales Price $305,000
SP/OLP 97% SP/OLP 95% SP/OLP $359,000

*Data provided by Cda MLS 95%

Framing Lumber Prices

Months of Inventory Analysis
Kootenai Site Built < 2 Acres
April 1st ,2019 through June 30th , 2019

300

257
250

200 170
148 128

150

100 95 98
88

61

50 43 44
39

22 22 2 2 2 3 23 22 22 21 15 10 7 4 19 14 362 965 21 400 21
7 0 18 3 88 59 4 5 20

1 1 2 0

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Kootenai Site Built > 2 Acres
April 1st ,2019 through June 30th , 2019

25

20 21 21
20 18

17

15 15
15 14 14

13

12 12 12

10 10 10

10 9

8 88

66 6 66 6

5 5 55 5

5 44 44

4 4

33

22 2 22
2 11 1
11 1
1
00

0

Active Listings Sold During Time Period Months of Inventory

Date Mortgage Interest Rate* P&I**

Today $400,000 4.3% $1,970.57
2020 4Q $419,200 4.6% $2,138.13

Difference in Monthly Payment $167.56

*Average Commitment Rate per Freddie Mac **Principal and Interest Payment

Date Mortgage Interest Rate* P&I**

Today $600,000 4.3% $2,955.85
2020 4Q $628,800 4.6% $3,207.19

Difference in Monthly Payment $251.34

*Average Commitment Rate per Freddie Mac **Principal and Interest Payment





Motivations For Moving

44% More than 2 in 5
of those planning to
sell in the next 18
months say recent
shifts in the housing
market have them
selling sooner than

initially planned.

NerdWallet

Seller Traffic

NAR

Forecasted Year-Over-Year % Change in Price

6/2019 CoreLogic

Talking Points….

• Homes for sale in Kootenai County are up 7% compared to last month
but are down 24% from this time last year

• Pending sales are up nearly 5% from last month and 45% from this
time last year.

• Our closed sales are still falling short by nearly 15% from this time last
year

• DOM are slowly creeping up about 4% from this time last year

• OLP/SP has increased a bit as well by 1%

Months of Inventory Analysis
Residential Waterfront

April 1st ,2019 through June 30th , 2019

30

27

25

21 21 21
20

15

15

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

1

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
CDA Site Built < 2 Acres

April 1st , 2019 through June 30th , 2019

350

300 288
250

200 192
176

150
134

119
113 113

100

63 60 63 59

50 50 47
27
36 31 1 1 2 3 3 4 28 28 32 26 19 12 7 5 22 21 11 7 5 21 6
16 21 1 3 25 10 8 6 10 47 51 00
4 13
2 2 5

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Residential Waterfront

April 1st ,2019 through June 30th , 2019

30

27

25

21 21 21
20

15

15

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

1

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai Site Built < 2 Acres
April 1st ,2019 through June 30th , 2019

300

257
250

200 170
148 128

150

100 95 98
88

61

50 43 44
39

22 22 2 2 2 3 23 22 22 21 15 10 7 4 19 14 362 965 21 400 21
7 0 18 3 88 59 4 5 20

1 1 2 0

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Kootenai Site Built > 2 Acres
April 1st ,2019 through June 30th , 2019

25

20 21 21
20 18

17

15 15
15 14 14

13

12 12 12

10 10 10

10 9

8 88

66 6 66 6

5 5 55 5

5 44 44

4 4

33

22 2 22
2 11 1
11 1
1
00

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Post Falls Site Built < 2 Acres
April 1st, 2019 through June 30th , 2019

120
99

100

80 74
69 47

60 45 45
51

40

20 15 15
13

9
67 6
5 4
0 2 2 3 3 21 22 3 122 2 010 21 10 10
11 00
000 00 00

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Rathdrum Site Built < 2 Acres
April 1st, 2019 through June 30th , 2019

25

20 21
18 15

15

11

10
10

8

7

66

5
5 44

3

22 2 2 22 2

11 11 11

00 00 00 00 00 0 0

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Hayden Site Built < 2 Acres
April 1st, 2019 through June 30th , 2019

45

40 39

35

30

25 24 21
23

20

16 15 15
14
15
13

10 10 10
9 9
10 9

7
6

5 4 44 4 4
332
00 2 33 3
0 1
2 1 22 2 22 22 2 22
0
1

00 00 0 00 0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Residential Sales Comparison Year over Year
All MLS

691

583 653 590
535 617 585

586

461 462 530
388
461 459

319 311 307

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

Months of Inventory Analysis
Post Falls Site Built < 2 Acres
April 1st, 2019 through June 30th , 2019

120
99

100

80 74
69 47

60 45 45
51

40

20 15 15
13

9
67 6
5 4
0 2 2 3 3 21 22 3 122 2 010 21 10 10
11 00
000 00 00

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
CDA Site Built < 2 Acres

April 1st , 2019 through June 30th , 2019

350

300 288
250

200 192
176

150
134

119
113 113

100

63 60 63 59

50 50 47
27
36 31 1 1 2 3 3 4 28 28 32 26 19 12 7 5 22 21 11 7 5 21 6
16 21 1 3 25 10 8 6 10 47 51 00
4 13
2 2 5

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Rathdrum Site Built < 2 Acres
April 1st, 2019 through June 30th , 2019

25

20 21
18 15

15

11

10
10

8

7

66

5
5 44

3

22 2 2 22 2

11 11 11

00 00 00 00 00 0 0

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Hayden Site Built < 2 Acres
April 1st, 2019 through June 30th , 2019

45

40 39

35

30

25 24 21
23

20

16 15 15
14
15
13

10 10 10
9 9
10 9

7
6

5 4 44 4 4
332
00 2 33 3
0 1
2 1 22 2 22 22 2 22
0
1

00 00 0 00 0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS