October 2017

MARKET UPDATE
3RD QUARTER 2017

RESIDENTIAL SALES COMPARISON
YEAR OVER YEAR

612 580 592 571567
543 502 577
522
535
509

452 405 416
424
395

350 354

287
266

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

2013 Sold 2014 Sold 2015 Sold 2016 Sold 2017 Sold

*Data provided by Cda MLS

Residential Snap Shot
January 1 , 2017 – September 30, 2017

Area 01 CdA Area 02 Post Falls Area 03 Hayden

Active Listings 507 Active Listings 460 Active Listings 304
Homes Sold/Closed YTD 1113 Homes Sold/Closed YTD 938 Homes Sold/Closed YTD 487
Avg Days on Market Avg Days on Market 95 Avg Days on Market 87
Median Sales Price 79 Median Sales Price $230,000 Median Sales Price $288,482
Avg Sales Price $255,000 Avg Sales Price $260,749 Avg Sales Price $341,000
SP/OLP $289,023 SP/OLP 98% SP/OLP 97%

97%

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

Active Listings 190 Active Listings 33 Active Listings 74
Homes Sold/Closed YTD 350 Homes Sold/Closed YTD 34 Homes Sold/Closed YTD 175
Avg Days on Market 112 Avg Days on Market 100 Avg Days on Market 127
Median Sales Price $222,425 Median Sales Price $208,500 Median Sales Price $240,000
Avg Sales Price $256,287 Avg Sales Price $326,325 Avg Sales Price $257,000
SP/OLP 99% SP/OLP 96% SP/OLP 99%

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

Active Listings 56 Active Listings 211 Active Listings 2030
Homes Sold/Closed YTD 46 Homes Sold/Closed YTD 203 Homes Sold/Closed YTD 3316
Avg Days on Market 128 Avg Days on Market 130 Avg Days on Market
Median Sales Price $225,000 Median Sales Price $90,000 Median Sales Price 94
Avg Sales Price $300,538 Avg Sales Price $116,341 Avg Sales Price $251,000
SP/OLP 96% SP/OLP 91% SP/OLP $298,948

97%

*Data provided by Cda MLS

3RD QUARTER MEDIAN SALES PRICE COMPARISON
2016 VS 2017

Kootenai County Single family 469,000

380,000

247,000 +17%

220,000

+12%

Less than 2 Ac 2016 2017 More Than 2 Ac

Total Sales Down 1% Total Sales up 6%

3RD QUARTER MEDIAN SALES PRICE COMPARISON
2016 VS 2017

274,000 Kootenai County Multi family & Condos

225,000

169,000 189,000

+17%

+22%

Multi Family 2016 2017 Condo

Total Sales Down 27% Total Sales up 14%

3RD QUARTER MEDIAN SALES PRICE COMPARISON
2016 VS 2017

525,000 Kootenai County Multi family & Condos

495,000

350,000 360,000

+6%

Waterfront 2016 2017 +3%

Total Sales Up 23% Sec Waterfront

Total Sales up 75%

3RD QUARTER MEDIAN SALES PRICE COMPARISON
2016 VS 2017

Kootenai County Land

115,000

90,000

57,000 79,000

+38%

+28%

Vacant Lot 2016 2017 Land 1-10 Acres

Total Sales Down 9% Total Sales up 21%

Months of Inventory Analysis
Coeur d'Alene Residential

July 1, 2017 through September 30, 2017

140
133

121
120

100

80
73

60 57
50

40 40 38

33 32
29

19 19
20 15

9 8 10 9 12 113 12 6
452 1 1 1 2 2 2 5 2 55 8 10
0 5
122 2 0

*Data provided by Cda MLS Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Post Falls Residential

July 1, 2017 through September 30, 2017

180

159
160

140

120

100 97

80
80

60 55
50

40
40 36

20

20 15 15

113 3 2 1 10 6 10 8 426 000 113 103 6
11 1 5 42 20

2

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai County Residential < 2 acres
July 1, 2017 through September 30, 2017

450
418

400

350

300 284

250 234

200

150 138 145 91 52 27 23 19 381 16 12 9 55 16 5 10
113 109 62 43 35 19 4 4
100
50 1 1 2 2
50 16 9
893 211

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai County Residential > 2 acres
July 1, 2017 through September 30, 2017

30

27 27 27

25

21 20 18
20 4 16

20 15 15

17 14 14
16
15 12
15
13 99 9
8 6
10 7
8 5
5 55 0
6 5
5
2 22 1 3
5 11 11
333

22

0
0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS













TALKING POINTS….

• Matthew Gardner predicts a slow down of the market due to a slight Recession starting at the end
of 2017 and lasting between 2 and 3 Quarters.

• Values are up approximately 12% overall with sales up roughly 4%.

• With demand increasing and supply dropping, this may be the perfect time to get the best
price for your home. Let’s get together and discuss the inventory levels in your
neighborhood to determine your next steps.

Months of Inventory Analysis
Rathdrum/Twin Lakes Residential
June 1, 2017 through September 30, 2017

140

125

120

100
100

81 82

80
68 70
64

60
49

40

22
20

8

000 1 0 1 0 20 3 4 10 00 103 000 000 000 000 000 000 000 000 00 0
0 0 0

*Data provided by Cda MLS Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Kootenai County Vacant Land
May 1, 2017 through August 31, 2017

180
171

160

144
140

120

100

80 77

63 54
60

47

40
32 31

24 27 24 24 24 24

18 1417 18 18 21 21 21 21
86 432
20 79 7 12 7
0 31 1 1
3 9 11 11 7 8 6 4 6
6 3 0 1 20 0 20

2

0

*Data provided by Cda MLS Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Kootenai County Residential - Condo
May 1, 2017 through August 31, 2017

12

10 10
10

9 999 99

888 8
8

6 6 6
6

55

4

3 33 33 3 33 3 3 3
3 2 2 2 1
22 2
11 1
2

1 11 11

0 0 000 0 0 00 0 0 0 0

0

*Data provided by Cda MLS Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Kootenai County Residential with Secondary Waterfront

May 1, 2017 through August 31, 2017

25

21
20

15

10 11 9
9

8 77
7
6 66 6
6
44
5
5

3 33 3

22 22 22 2

11 11 1 1 1
0 000 000 000 0 000 0
0 0 0 0 000 0
0

*Data provided by Cda MLS Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Hayden Residential

June 1, 2017 through September 30, 2017

60

51
50
50

40

30 29

21

20 15 13 12 12 12
12
10 77 4
55 9 6 9 7 55 44 1
1 8 5 6 10 3 3
00 2 4
0 3 2
2
011

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS