March Stats

Market Update

March 2022

Residential Snap Shot
January 1st, 2022- February 28th, 2022

Area 01 CdA Area 02 Post Falls Area 03 Hayden

Active Listings 227 Active Listings 217 Active Listings 116
Homes Sold/Closed YTD 149 Homes Sold/Closed YTD 148 Homes Sold/Closed YTD 64
Avg Days on Market Avg Days on Market Avg Days on Market 77
87 Median Sales Price 78 Median Sales Price $599,000
Median Sales Price Avg Sales Price $500,000 Avg Sales Price $720,000
$575,000 SP/OLP $567,000 SP/OLP 95%
Avg Sales Price
$646,000 97%
SP/OLP
98%

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

Active Listings 113 Active Listings 16 Active Listings 36
Homes Sold/Closed YTD 7 Homes Sold/Closed YTD 22
Homes Sold/Closed YTD 65 Avg Days on Market 97 Avg Days on Market 95
Avg Days on Market 95 Median Sales Price Median Sales Price $455,000
Median Sales Price $486,000 Avg Sales Price $834,000 Avg Sales Price $520,000
SP/OLP $701,000 SP/OLP 99%
Avg Sales Price $608,000
99%
SP/OLP 99%

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

Active Listings 27 Active Listings 47 Active Listings 822
Homes Sold/Closed YTD 8 Homes Sold/Closed YTD 37 Homes Sold/Closed YTD 476
Avg Days on Market 74 Avg Days on Market 72 Avg Days on Market
Median Sales Price Median Sales Price $295,000 Median Sales Price 84
Avg Sales Price $670,000 Avg Sales Price $282,000 Avg Sales Price $527,000
SP/OLP $809,000 SP/OLP 98% SP/OLP $656,000

94% 98%

*Data provided by Cda MLS

Residential Sales Comparison Year over Year
All MLS

*Data provided by CDA MLS

341 320

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

2017 Sold 2018 Sold 2019 Sold 2020 Sold 2021 Sold 2022 Sold





Jan 2021 vs Jan 2022
All Properties









What Happened to all the Employees?

SINCE THE 2008 RECESSION, THE US BIRTH RATE HAS
FALLEN BY ROUGHLY 30% TO A NEW ALL-TIME LOW

How do we solve this increasing issue?

SLOWING OR PREVENTING
POPULATION DECLINE WILL
REQUIRE AN EVEN GREATER INFLUX
OF IMMIGRANTS THAN IN THE PAST.



Currently there are 4
million immigration
visas stuck in
processing.

Not all are work visas
however.

Approximately
215,000 are
employment based
individuals waiting
for Visa Approval

The year 2030 marks a demographic turning
point for the United States.

Beginning that year,
all baby boomers will be older than 65.

This will expand the size of
the older population so that
one in every five Americans is
projected to be retirement
age.

Talking Points

• Closed sales are down 32% from this time last year
• Listing inventory is down 21%
• Median Sales price all properties, is up overall 25%
• New Construction Median sales prices are up 48% ($600K)
• Re-Sale home median sold values are up 21.5% ($499,900)

Will A Trusted Real Estate Advisor be less
valuable in the future?

“A major concern of the last decade was that
automation might gradually take over human jobs
and leave millions of workers unemployed. Instead,
the demand for human talent is the highest it’s ever
been.”

*PEOPLE, NOT ROBOTS, REMAIN THE NEED OF THE HOUR

The Importance of
The Real Estate Review

Errin Ford