September2022

Market Update
September
2022

Residential Snap Shot

January 1st, 2022- August 31st , 2022

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

Active Listings November 1st, 2018 – January 31, 2019 606
Homes Sold/Closed YTD 1,231 Active Listings 1,081 Active Listings 368
Avg Days on Market
Median Sales Price 739 Homes Sold/Closed YTD 717 Homes Sold/Closed YTD 61
Avg Sales Price $618,000
SP/OLP 64 Avg Days on Market 62 Avg Days on Market $749,000
$580,000 Median Sales Price $523,000 Median Sales Price
$672,000 Avg Sales Price $574,000 Avg Sales Price 96%
SP/OLP SP/OLP
98% 97%

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

Active Listings 549 Active Listings 73 Active Listings 226
Homes Sold/Closed YTD 41 Homes Sold/Closed YTD 117
Homes Sold/Closed YTD 289 Avg Days on Market 146 Avg Days on Market
Avg Days on Market 80 Median Sales Price $835,000 Median Sales Price 78
Median Sales Price Avg Sales Price $749,000 Avg Sales Price $535,000
$521,000 SP/OLP 101% SP/OLP $617,000
Avg Sales Price
$606,000 97%
SP/OLP
97%

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

Active Listings 141 Active Listings 302 Active Listings 4,243
Homes Sold/Closed YTD 57 Homes Sold/Closed YTD 161 Homes Sold/Closed YTD 2,452
Avg Days on Market 62 Avg Days on Market Avg Days on Market
Median Sales Price Median Sales Price 65 Median Sales Price 67
Avg Sales Price $625,000 Avg Sales Price $299,000 Avg Sales Price $560,000
SP/OLP $751,000 SP/OLP $298,000 SP/OLP $700,000

95% 96% 97%

*Data provided by Cda MLS

Residential Sales Comparison Year over Year
All MLS

617 691 590
597 585
600
461 546 586 492 508

479
431 435 445

366341 332204 396

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

2017 Sold 2018 Sold 2019 Sold 2020 Sold 2021 Sold 2022 Sold

*Data provided by CDA MLS

Kootenai County Single Family

AVG DOM & OLP/SP%

Kootenai County Single Family

MOI Sept 1-12
4.4

Kootenai County Single Family

Absorption rate
Sept 1-12

22.6

How much of the current inventory is
Absorbed each month

C’dA, Post Falls, Hayden

Single Family Median For Sale vs Sold Values

675,000 624,000 610,000

465,000 555,000 552,000 525,000

2021 APRIL 2022 JAN 2022 APRIL JULY AUG SEPT YTD

Median For Sale Median Sold

Shoshone County

Single Family Median For Sale vs Sold values

400,000 312,000 330,000

245,000 304,000 288,000

298,000 224,000

2021 APRIL 2022 JAN 2022 APRIL JULY AUG SEPT YTD

Median For Sale Median Sold

New Construction

Avg. Sales Price 559 Avg. Sales Price
$659,000
$689,000 New Construction

Units

2680
Re-Sale
Units

17% of the Market

Premier Properties

• Currently there are 258
listings between $1-2 Million

• 128 between $2-4 Million

• 39 over 4 Million

• 23 homes over $5
million have sold in the
past 12 months

2021 vs 2022 YTD

Median Sales Price

Kootenai County

1,662,000

1,390,000

+19%

970,000

789,000

+19%

557,000
465,000

+17%

*Data provided by Coeur d’Alene MLS Res >2 Ac Res H2O

Res <2 Ac

2021 vs 2022

Median Sales Price

Kootenai County

466,000 620,000
425,000 560,000

-8% +11%

289,000
225,000 +28%

Vacant Land Condo Multi-Family

*Data provided by Coeur D’Alene MLS

The last 10 years

Kootenai County all Residential
Median Sales Value

12%
25%

$560,000

167K 7% 14%

10%
12%
10%
7% 7% 7%

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
YTD

Appreciation Slowing, Not Depreciating

% Year-Over-Year Home Price Increases for 2022

25

20 20.9 20 20.2
18.3
20 19.1

15.8

15

10

5 February March April May June July
January
Depreciation Source: CoreLogic
0

-5

Experts have increased their Home
Price Forecasts

Source January 2022 Latest 2022
Appreciation Appreciation
Fannie Mae Forecast Forecast
Freddie Mac
NAR 7.6% 16.0%
Zelman
HPES 6.2% 12.8%
MBA
5.1% 11.5%

3.0% 10.0%

6.3% 9.3%

5.1% 2.7%

Mortgage Rate Projections

August 2022

Quarter Freddie Fannie MBA NAR Average
Mac Mae of All Four

2022 Q4 5.4 4.8 5.2 6.0 5.4%
2023 Q1 5.2 4.7 5.1 6.0 5.3%
2023 Q2 5.2 4.5 5.0 6.0 5.2%
2023 Q3 5.0 4.4 4.9
- 4.8%

Talking Points…..

All MLS Median Sold values Y.O.Y Residential
Up 19.2%

All MLS Condos Median Sold Values Y.O.Y
Up 1.2%

All MLS Vacant land Median Sold Values Y.O.Y
Up 28.6%

All MLS Multi Family Median Sold Values Y.O.Y
Up 15%

Kootenai County Single Family Median sold Value $575,000 (up 15% Y.O.Y)

Shoshone County Single Family Median sold Value $300,000 (up 25% Y.O.Y)

Bonner County Single Family Median sold Value $640,000 (up 13.3% Y.O.Y)
Benewah County Single Family Median sold Value $572,000 (up 19.2% Y.O.Y)
Boundary County Single Family Median sold Value $479,000 (up 27.7% Y.O.Y)