March 2019 1

Market Stats
March 2019

Residential Snap Shot

January 1st, 2019-February 28th, 2019

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

Active Listings November 1st, 2018 – January 31, 2019 241
Homes Sold/Closed YTD 395 Active Listings 442 Active Listings 69
Avg Days on Market 105
Median Sales Price 134 Homes Sold/Closed YTD 148 Homes Sold/Closed YTD
Avg Sales Price $333,000
SP/OLP 98 Avg Days on Market 116 Avg Days on Market $406,000

$306,000 Median Sales Price $268,000 Median Sales Price 97%

$346,000 Avg Sales Price $315,000 Avg Sales Price

97% SP/OLP 96% SP/OLP

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

Active Listings 168 Active Listings 6 Active Listings 58
Homes Sold/Closed YTD 58 Homes Sold/Closed YTD 3 Homes Sold/Closed YTD 21
Avg Days on Market 111 Avg Days on Market 114 Avg Days on Market 130
Median Sales Price $271,000 Median Sales Price $520,000 Median Sales Price $225,000
Avg Sales Price $321,000 Avg Sales Price $471,000 Avg Sales Price $278,000
SP/OLP 99% SP/OLP 97% SP/OLP 100%

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

Active Listings 28 Active Listings 125 Active Listings 1512
Homes Sold/Closed YTD 8 Homes Sold/Closed YTD 42 Homes Sold/Closed YTD 464
Avg Days on Market 139 Avg Days on Market 127 Avg Days on Market 113
Median Sales Price $322,000 Median Sales Price Median Sales Price
Avg Sales Price $345,000 Avg Sales Price $123,000 Avg Sales Price $290,000
SP/OLP 92% SP/OLP $139,000 SP/OLP $359,000

90% 88%

*Data provided by Cda MLS



This shows that real estate prices are not crashing, but merely returning
toward historic appreciation numbers of 3.6% annually.

May June July August Sept Oct Nov Dec Jan Feb

Now For Some
Real Fun!!!

Months of Inventory Analysis
Kootenai Site Built < 2 Acres
Dec. 1, 2018 through Feb. 28, 2019

180

160 154

140
126

120

100

8181
80

71 69

62

60

41 36
40

29 26 24

19 20 21 21

20 13 14 14 13
1010 3 2
200 141 5 1 3 3 2 11 98 426 33 5 41
1 5 63 3 00

1

0

Active Listings Sold During Time Period Months of Inventory

Sam Wolkenhauers take on
Baby Boomers

• In Kootenai County the baby Boomers are
fueling our economy. The “in-migration” is
predominantly the 60+ age group.

– Why?

• Baby boomers are 1/3 of the population but
they own 60% of the Real Estate.
–Why?

Residential Sales Comparison Year over Year
All MLS

691

653
590

617 585

586

461 459 530
388

319311 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
CDA Site Built < 2 Acres

Dec. 1, 2018 through Feb. 28, 2019

60

51
50

40 38

32
30 29

21 21

20 17
15 16

13 13 12

9 10 9 9
8
10 88

7 66

5 4
4 3

000 000 0 0 1 1 1 2 1 22 11 2
1 1 11 1 1
00 00 0 00

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Residential Waterfront

Dec. 1, 2018 through Feb. 28, 2019

25

21 21
20

18

15
12 12

10 9

66 6

5 5 5
44 4
54 44 44
3 3 33
333

22 2 22

1 1 111 1

00 00 00 00 000 00
0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai Site Built > 2 Acres
Dec. 1, 2018 through Feb. 28, 2019

25

21 21

20
17

15
12

10 99 9
8

6 66

5 5 5 5 55 55 5 4
3 3 44 44 3 3 4 3

3 3

22 2 2 2 2 2 2222 2
2
2
11 1 11

00 0

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis 21 21
Post Falls Site Built < 2 Acres
Dec. 1, 2018 through Feb 28, 2019

70

61
60

56

50
45

42
40

32
30

27
24
20

20

10

3 5 4 4 56 5 3
11 11 3 32 11
1 2 2 100 100 100 10 000 10
00
000 000

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Rathdrum Site Built < 2 Acres
Dec. 1, 2018 through Feb 28, 2019

30

25
25

20
20

15

10

5 3 4 5 77 4 3
11 1 1 3 22
000 3
0 2

000 1 1 000 000 1 1
00 00 00 00

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Hayden Site Built < 2 Acres
Dec 1, 2018 through Feb 28, 2019

30

27

25

21
20

15
15 14

13

10 9 9 99
8
8 7 7
7 5 6
55
5 1 4 3
33 3
2 22 22 2 11
1 1
11
0 00 00
00 00 000 0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS