FEB 2021

February 2021
Market Update

Residential Sales Comparison Year over Year 585
All MLS 590

782 691

617

597
545

461 448
586
366

319

324

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

Residential Snap Shot

January 1st , 2021-January 31st , 2021

Area 01 CdA ReArseaidential Snap S0h2 Poostt Falls Area 03 Hayden

Active Listings Novem1b36er 1st, 2018Active Listings – January 13011, 2019Active Listings 50
Homes Sold/Closed YTD 86 Homes Sold/Closed YTD 70 Homes Sold/Closed YTD 29
Avg Days on Market 63
Median Sales Price 165 Avg Days on Market 92 Avg Days on Market $520,000
Avg Sales Price $622,000
SP/OLP $454,000 Median Sales Price $401,000 Median Sales Price 99%

$588,000 Avg Sales Price $455,000 Avg Sales Price

99% SP/OLP 105% SP/OLP

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

Active Listings 50 Active Listings 6 Active Listings 14
Homes Sold/Closed YTD 39 Homes Sold/Closed YTD 3 Homes Sold/Closed YTD 8
Avg Days on Market 183 Avg Days on Market 41 Avg Days on Market 66
Median Sales Price $352,000 Median Sales Price $287,000 Median Sales Price $413,000
Avg Sales Price $428,000 Avg Sales Price $432,000 Avg Sales Price $431,000
SP/OLP 100% SP/OLP 103% SP/OLP 100%

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

Active Listings 8 Active Listings 37 Active Listings 413
Homes Sold/Closed YTD 3 Homes Sold/Closed YTD 30 Homes Sold/Closed YTD 251
Avg Days on Market 95 Avg Days on Market 82 Avg Days on Market 128
Median Sales Price $257,000 Median Sales Price $194,000 Median Sales Price $424,000
Avg Sales Price $586,000 Avg Sales Price $222,000 Avg Sales Price $541,000
SP/OLP 107% SP/OLP 98% SP/OLP 101%

*Data provided by Cda MLS

Jan-18 254543
Feb-18
Mar-18 299000
Apr-18
May-18 305000 Median Sales Price
Jun-18 All Listing Types
Jul-18 337000
Aug-18 Jan 2018 – Jan 2021
Sep-18 All MLS
Oct-18
Nov-18 385600
Dec-18
Jan-19 409000
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
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

Median sales price
Kootenai County
Single Family Less than 2 Acres

1 Year Change

34 % increase in Median sales price 415000

395000

371955 374100 374950 369900

342500 354975

332250 332380 328928 335420

310000

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

Median sales price
Kootenai County
Single Family more than 2 Acres

1 Year Change

72 % increase in Median sales price 835000

706000

632618 657000 657457

560000 587500 577500

544000 508000 526500 525000

485250

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

Median sales price
Waterfront 3 Year change

All MLS

61 % increase in Median sales price 716750 850000

531825 Jan 2021

Jan 2018





Kootenai County Single Family less than 2 acres

Kootenai County Single Family less than 2 acres

New Construction All MLS Inventory

Consensus View of Work-from-Home

21% Percent of workers working from home

18%

12%

6%

2019 Actual 2020 Actual (Latest) 2021 F 2022 F

2020 Panel Consensus Forecast

2020 NAR’s Real Estate Forecast Summit

2021 Home Price Forecaster Projection
National Association of Realtors 6%
Zelman & Associates 6%
realtor.com 5.7%
Freddie Mac 5.3%
Mortgage Bankers Association 5.1%
Fannie Mae 4.2%
CoreLogic 2.9%

Average of all seven 5%

Talking Points…

• The good news is Inventory is up 11% from last month,
the not so great news is its still down 77% from this time last year.

• Pending sales are up 15% from last month,
yet still down about 18% compared to last year.

• Average List Price is up 159% from last year,
while compared to last month it is down 6%

• Average days on market is down 21% compared to last year