June_2021

June 2021

Residential Snap Shot

January 1st, 2021-May 31st, 2021 Residential

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

Active Listings November 1st, 2018 – January 31, 2019 360
Homes Sold/Closed YTD 694 Active Listings 673 Active Listings 249
Avg Days on Market
Median Sales Price 515 Homes Sold/Closed YTD 516 Homes Sold/Closed YTD 70
Avg Sales Price $516,000
SP/OLP 88 Avg Days on Market 73 Avg Days on Market $650,000

$490,000 Median Sales Price $422,000 Median Sales Price 101%

$577,000 Avg Sales Price $478,000 Avg Sales Price

100% SP/OLP 103% SP/OLP

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

Active Listings 321 Active Listings 39 Active Listings 105
Homes Sold/Closed YTD 256 Homes Sold/Closed YTD 17 Homes Sold/Closed YTD 73
Avg Days on Market 134 Avg Days on Market 40 Avg Days on Market 99
Median Sales Price $416,000 Median Sales Price $696,000 Median Sales Price
Avg Sales Price $499,000 Avg Sales Price $614,000 Avg Sales Price $441,000
SP/OLP 102% SP/OLP 104% SP/OLP $528,000

101%

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

Active Listings 42 Active Listings 196 Active Listings 2,410
Homes Sold/Closed YTD 23 Homes Sold/Closed YTD 137 Homes Sold/Closed YTD 1,736
Avg Days on Market 63 Avg Days on Market Avg Days on Market
Median Sales Price $502,000 Median Sales Price 67 Median Sales Price 89
Avg Sales Price $607,000 Avg Sales Price $225,000 Avg Sales Price $460,000
SP/OLP 98% SP/OLP $231,000 SP/OLP $586,000

96% 101%

*Data provided by Cda MLS

Residential Snap Shot
January 1st , 2021-June 1st , 2021

Coeur d’Alene Post Falls Hayden

Avg Days on Market 89 Avg Days on Market 77 Avg Days on Market 71

Median Sales Price $499,000 Median Sales Price $420,000 Median Sales Price $496,000

Avg Sales Price $649,000 Avg Sales Price $473,000 Avg Sales Price $611,000

SP/OLP 100% SP/OLP 103% SP/OLP 102%

Rathdrum Silver Valley Kootenai County

Avg Days on Market 141 Avg Days on Market 68 Avg Days on Market 89

Median Sales Price $415,000 Median Sales Price $225,000 Median Sales Price $460,000

Avg Sales Price $501,000 Avg Sales Price $232,000 Avg Sales Price $588,000

SP/OLP 102% SP/OLP 96% SP/OLP 101%

*Data provided by Cda MLS

Residential Sales Comparison Year over Year
All MLS

510 546 545

403
366

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

Single Family less than 2 acres
Median Sales Price

May2020 vs May 2021

525,000 447,000 500,000 425,000 475,000

44% 35% 44% 39% 41%

365,000 331,000 347,000 305,000 336,000

Cda Area Post Falls Hayden Rathdrum Kootenai County

2020 2021

Median sales price 476,000
Kootenai County
Single Family Less than 2 Acres

53 % increase in Median sales price

311k

Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21

Median sales price 835000
Kootenai County
Single Family more than 2 Acres 750000

56 % increase in Median sales price

480500

Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21

Kootenai County $1,500,000

Waterfront 93%
Median Sales Price

$801,000

$775,000

19-Jan 20-Jan 21-Jan

Kootenai County $250,000

1-10 Acres Vacant Land 69.5%
Median Sales Price
$122,000
$147,500

YTD 2019 YTD 2020 YTD 2021

Kootenai County $349,000

10+ Acres Vacant Land 40%
Median Sales Price
$231,000
$250,000

YTD 2019 YTD 2020 YTD 2021

Residential Premier Properties $1,000,000 +

YTD (6/1)

Kootenai County

Homes For Sale/Sold

198

162

144

114

26 24

19-Jan 20-Jan 21-Jan

Active Sold

Premier Properties $1,000,000 +

• 15 Homes have sold over $3 Million since January 1
Highest being $8.2 Million

• 20 Homes between $2 – 3 Million since January 1

• 139 Homes between $1 - 2 Million since January

174 Homes





Forbes

Source: U.S. Department of Labor and Wells Fargo Securities

❑ New home construction crashed after the housing bubble popped in the mid-2000s. That made

sense because the market was badly oversupplied. But the downturn also drove countless sawmills out of
business, leaving the industry unprepared for today's surge in demand.

❑ Lumber producers temporarily idled capacity last year, and while more capacity has come

back on line, many are still hampered by operating restrictions implemented to slow the spread of
COVID.

❑ Canada, which has long been a major supplier of lumber to the United States, has had its own
supply issues, in part due to an ongoing beetle infestation.

❑ The Pacific Northwest's extensive timberlands have endured massive wildfires

recently.

❑ A shortage of truck drivers and higher diesel fuel prices are adding to the industry's

woes, by making it less profitable for timber owners to ship logs to the smaller number of operating
sawmills.

Source: U.S. Department of Labor and Wells Fargo Securities

Talking Points…

• Residential Pending Sales In Kootenai County
are up 22% from this time last year.

• Average For Sale price is up 77% compared to
last year.

• Single Family Homes newly listed in May were
up 10% from this time last year.