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