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Published by mike, 2021-07-14 19:10:32

STATS_July_2021

STATS_July_2021

July 2021
Market Update

Residential Snapshot
January 1st, 2021- June 30th, 2021

Area 01 CdA Area 02 Post Falls Area 03 Hayden

Active Listings 880 Active Listings 819 Active Listings 461
Homes Sold/Closed YTD 651 Homes Sold/Closed YTD 647 Homes Sold/Closed YTD 312
Avg Days on Market Avg Days on Market Avg Days on Market
Median Sales Price 80 Median Sales Price 71 Median Sales Price 68
Avg Sales Price $491,000 Avg Sales Price $425,000 Avg Sales Price $528,000
SP/OLP $577,000 SP/OLP $489,000 SP/OLP $648,000

100% 103% 101%

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

Active Listings 385 Active Listings 45 Active Listings 131
Homes Sold/Closed YTD 326 Homes Sold/Closed YTD 25 Homes Sold/Closed YTD 100
Avg Days on Market 120 Avg Days on Market 55 Avg Days on Market 97
Median Sales Price $420,000 Median Sales Price $699,000 Median Sales Price $481,000
Avg Sales Price $499,000 Avg Sales Price $635,000 Avg Sales Price $531,000
SP/OLP 101% SP/OLP 104% SP/OLP 101%

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

Active Listings 55 Active Listings 244 Active Listings 2,992
Homes Sold/Closed YTD 33 Homes Sold/Closed YTD 172 Homes Sold/Closed YTD 2,214
Avg Days on Market 58 Avg Days on Market Avg Days on Market
Median Sales Price $529,000 Median Sales Price 68 Median Sales Price 83
Avg Sales Price $605,000 Avg Sales Price $235,000 Avg Sales Price $470,000
SP/OLP 99% SP/OLP $244,000 SP/OLP $587,000

96% 101%

*Data provided by Cda MLS

Residential Sales Comparison Year over Year
All MLS

691 585
590

510 546 782 597
545
461 448 662
403
366 617
324
319 545

586

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

2016 Sold 2017 Sold 2018 Sold 2019 Sold 2020 Sold 2021 Sold

*Data provided by CDA MLS

2020 vs 2021 Median Sales Price Mid Year

Kootenai County

772,000 927,500

770,000 +21%

500,000 521,300 +48%

2020
2021

368,950 +36%

Res <2Ac Res >2Ac Res Waterfront

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

2020 vs 2021 Median Sales Price Mid Year

Kootenai County

485,000 529,000

+83% 395,000 +34%

281,000 265,000 2020
2021
+100%
Condo Multi Family
140,000
Vacant Land % Indicates increase/decrease from Yr over Yr

*Data provided by Coeur d'Alene MLS

The last 5.5 years

Kootenai County Residential Median
194% Increase in Value

495,000

315,000 349,000

255,000 278,000

2017 2018 2019 2020 2021YTD

* data supplied by Cda MLS

The last 5 years 3.68
Cost of a Gallon of Milk

10% Increase in cost

3.53
3.45
3.35 3.41

2017 2018 2019 2020 2021YTD

The last 5 years
Cost of a Gallon of Milk

• Here is some good news for you though…

If Milk appreciated at the same level as our home
values we would be paying
$7.14 per Gallon

The last 5 years 40,768
Average cost of an automobile

16% Increase in cost

37,851

36,718

35,742

34,968

2017 2018 2019 2020 2021YTD

*July 2017, data supplied by Cda MLS

The last 5 years
Cost of an Automobile

If cars appreciated at the same level as our
home values we would be paying
$67,838



Kootenai County

All Residential
Inventory

•For Sale numbers are the snapshot of the number of property for sale at the end of the month.
•New Listing numbers represent the number of properties that are new listed for that month.

Kootenai County

All Residential
Inventory

5 Year History

Month-Over-Month Change in Housing Inventory

realtor.com

Kootenai County

All Residential
Pending /New Listings

Kootenai County

All Residential
Pending /New Listings

5 Year History

Mortgage Rate Projections

Quarter Freddie Fannie MBA NAR Average
Mac Mae of All Four
3.2
2021 3Q 3.3 3.0 3.2 3.17%

2021 4Q 3.4 3.2 3.5 3.4 3.37%

2022 1Q 3.5 3.2 3.7 3.5 3.47%

2022 2Q 3.6 3.3 3.9 3.5 3.57%







$93,629 potential growth in household wealth over the next
five years based solely on increased home equity
if you purchase a $350K home in January 2021

$414,574 $443,629

$429,333

$399,782

$380,310

$350,000

Based on price appreciation projected by the Home Price Expectation Survey

2021 2022 2023 2024 2025 2026

Home Price Expectation Survey 2021 Q2

8.66% Forecast for Housing:

Appreciation Will Begin
To Return to Historical Norms

5.12%

3.7% 3.56% 3.33%

2021 2022 2023 2024 2025

Home Price Expectation Survey 2021 Q2




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