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Published by mike, 2020-10-01 14:52:51

Sept_stats_2020 (2)

Sept_stats_2020 (2)

September 2020

Market Update

Residential Snap Shot

January 1st, 2020- August 31st, 2020 Residential

Area 01 CdA Area Snap Shot 02 Post Falls Area 03 Hayden

Active Listings November 1st, 2018 – January 31, 2019 642
Homes Sold/Closed YTD 1,313 Active Listings 1,276 Active Listings 414
Avg Days on Market 93
Median Sales Price 915 Homes Sold/Closed YTD 935 Homes Sold/Closed YTD $377,000
Avg Sales Price $442,000
SP/OLP 82 Avg Days on Market 101 Avg Days on Market 98%

$358,000 Median Sales Price $327,000 Median Sales Price

$402,000 Avg Sales Price $377,000 Avg Sales Price

98% SP/OLP 99% SP/OLP

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

Active Listings 610 Active Listings 42 Active Listings 274
Homes Sold/Closed YTD 390 Homes Sold/Closed YTD 23 Homes Sold/Closed YTD 141
Avg Days on Market 109 Avg Days on Market 83 Avg Days on Market
Median Sales Price $319,000 Median Sales Price $450,000 Median Sales Price 90
Avg Sales Price $369,000 Avg Sales Price $439,000 Avg Sales Price $335,000
SP/OLP 99% SP/OLP 97% SP/OLP $376,000

99%

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

Active Listings 131 Active Listings 356 Active Listings 4,693
Homes Sold/Closed YTD 76 Homes Sold/Closed YTD 202 Homes Sold/Closed YTD 3,076
Avg Days on Market Avg Days on Market Avg Days on Market
Median Sales Price 102 Median Sales Price 95 Median Sales Price 96
Avg Sales Price $432,000 Avg Sales Price $161,000 Avg Sales Price $350,000
SP/OLP $462,000 SP/OLP $176,000 SP/OLP $425,000

95% 94% 98%

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai Site Built < 2 Acres
June 1st, 2020 through August 31st, 2020

300

265
249
250

200
186

150
132

100 88

62 55 52
56

50 41
30
34

26 24

6 0 1 1 1 14 12 7 17 11 12 122 682 5 63 8 33
0 111 1 6 41 51 0 1

0 1

Active Listings Sold During Time Period Months of Inventory

Kootenai County Single Family Resale

Kootenai County Single Family Resale
Month over Month

Kootenai County Single Family Resale
Year over year

Kootenai County Single Family Resale
YTD over YTD

Premier Properties

• In the last 45 days….

– 56 homes have sold in Kootenai County over $1Mill
• 38 of those were cash (almost 70%)

• Bonner County has 13 sales over 1 Million

• 11 of those were cash

Purchase Applications

Week-Over-Week Difference

15%

13%
11%

7% 7% 7% 2% 5%
0% 6% 2%

3%

1%

-2% -1% -1%
-4% -2% -2%
-3%
-5%

-7%

-10% not seasonally adjusted
-11%

-12%
-14%

3/11 3/18 3/25 4/1 4/8 4/15 4/22 4/29 5/6 5/13 5/20 5/27 6/3 6/10 6/17 6/24 7/1 7/8 7/15 7/22 7/29 8/5 8/12 8/19 8/26 9/2

MBA

Percentage Change in Newly Pended Deals

Week-Over-Week Difference

12.1%
11%

9.1%

4.8% 7.1% 6% 5.6%
3.3% 3.1% 1% 4.3% 3.4% 3.9%

1.2% 1.3%

0.2%-0.6%

3/7 3/14 3/21 3/28 4/4 4/11 4/18 4/25 5/2 5/9 5/16 5/23 5/30 6/6 6/13 6/20 6/27 7/4 7/11 7/18 7/25 8/1 8/8 8/15 8/22

-2.2% -0.9% -1.2% -0.7%

-7.7% -9.7%
-11%

-13.6%

Zillow

Percentage Change in Newly Pended Deals

Year-Over-Year Difference

16.1% 16.9% 16.5%

13.8% 15.1%

7/25 8/1 8/8 8/15 8/22

Zillow

Projections on Future Home Prices

4.4% 4.3% 4% Some project for the current year (*)
3.6% Others over the next 12 months (**)
3%
3%
2.3%

0.6%

Fannie Mae* NAR* MBA* Zillow** Zelman** Reuters' Poll** Freddie Mac* CoreLogic** Haus**

-1.1%

“The COVID-19 pandemic will lead to
a rise in mortgage defaults and
foreclosures. But as the housing
market muscles through this economic
downturn, it looks as if foreclosures
will form a trickle rather than a flood,
housing experts say.”

Jeff Ostrowski

Senior Mortgage Reporter at Bankrate

Buyer Traffic Index

NAR

Talking Points…

• Y Over Y - YTD Median Sales values are up 16%
residential all MLS

• Y Over Y - YTD Single Family Kootenai county
Median is up 12%

– Vacant Land Koot Co is up 24%

• Average DOM for Resale all MLS is 79

Months of Inventory Analysis
CDA Site Built < 2 Acres

June 1st, 2020 through August 31st, 2020

90

80 79

72
70

61

60
55

50

41
40

30

20 19 17 12 10 21 24 10 6 6 4
1 1 1 1 4 21 22
12 7 5 4
10 1 1 1 2

1
0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Residential Waterfront

June 1st, 2020 through August 31st, 2020

25

21
20

15

10 3 5 8 7 5 8 4 5 6 4 5
11 11 00 00 11 4 4 3 11
5 2 2
2 1 1 2 2 2 2 2
2 00 2 2

1 1 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
June 1st, 2020 through August 31st, 2020

30

25 24
22

20

16
15

12

11 11

10 10 10
10 9 9

8

7

66 6

55 5 55 5
333
4 4
33
33 33

22 2 2 2 2 2 22
2 1 1
111
11

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Post Falls Site Built < 2 Acres
June 1st, 2020 through August 31st, 2020

120

109

100
94

80
72

60

40

40 32

20 17 22

10 8 10 5 10 14 10 23 8 2
0 0 10 0 1 10 3 0 0

1

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Rathdrum Site Built < 2 Acres
June 1st, through August 31st, 2020

35

32
31

30

25

20

15
15

10 9

7

5 44 55
5 44

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

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Hayden Site Built < 2 Acres
June 1st, 2020 through August 31st, 2020

40

36
35 34

33

30

25

21
20

17

15 14

12
11

10

7 66
1 55

54 3 33
0
00 2 2 11 1 1 1 1
0 0 0
1 0 0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Residential Sales Comparison Year over Year
All MLS

782 801

722 691

420 628 585
590
586 617

439 448 509
396
461 462

319 310

311
324

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

2015 Sold 2016 Sold 2017 Sold 2018 Sold 2019 Sold 2020 Sold

*Data provided by CDA MLS


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