FEB STATS

February 2022

Market Update

2020 vs 2021 Average Sold Price

Year Avg $ Year Avg $ Y.O.Y Increase

All Residential • 20' 451K 21' 604K 34%

Condo/Town • 20' 457K 21' 619K 35%

Lots/Land • 20' 195K 21' 290K 49%

Manuf/Mobile • 20' 193K 21’ 270K 40%

Multi Family • 20' 472K 21' 594K 26%

Single Family • 20' 469K 21' 630K 35%

2021 vs 2022 Average Sold Price

Year Avg $ 21’ increase/Projected 22’ Year Avg $

All Residential • 21' 604K (34%)13% 22' 682K

Condo/Town • 21' 619K (35%) 14% 22' 706K

Lots/Land • 21' 290K (49% ) 18% 22' 342K

Manuf/Mobile • 21' 270K (40%) 15% 22' 310K

Multi Family • 21' 594K (26%) 10% 22' 653K

Single Family • 21' 630K (35%) 13% 22' 712K

Housing Inventory Lower than Last Year

December 2021 Year-Over-Year Compared to December 2020

Source: realtor.com

Residential Sales Comparison Year over Year
All MLS

617 691 590 600
597 585 508

461 546 586

366 341

324

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

Not only have equity gains helped homeowners more
seamlessly transition out of forbearance and avoid a distressed
sale, but they’ve also enabled many to continue building their
wealth.

- Frank Martell, President & CEO, CoreLogic

Forbearances Finally Fall Below 1 Million

Monthly Number of Loans in Active Forbearance (in Millions)

4.76
4.6 4.58

4
3.8
3.62

2.86 2.76 2.83 2.72 2.69
2.54
2.33
2.12 2.05
1.82
1.71
1.57
1.22
0.89

May June July Aug Sept Oct Nov Dec Jan Feb March April May June July Aug Sept Oct Nov Dec
2020

Source: Black Knight

Forbearances Finally Fall Below 1 Million

Monthly Number of Loans in Active Forbearance (in Millions)

4.76
4.6 4.58

4
3.8
3.62

2.86 2.76 2.83 2.72 2.69
2.54
2.33
2.12 2.05
1.82
1.71
1.57
1.22
0.89

May June July Aug Sept Oct Nov Dec Jan Feb March April May June July Aug Sept Oct Nov Dec
2020

Mortgage Rate Projections

Quarter Freddie Fannie Mae MBA NAR Average
Mac of All Four

2022 1Q 3.4 3.2 3.3 3.3 3.30%
3.5 3.45%
2022 2Q 3.5 3.3 3.5 3.6 3.55%
3.7 3.70%
2022 3Q 3.6 3.3 3.7

2022 4Q 3.7 3.4 4.0

Residential Snap Shot

January 1st, 2022- January 31st, 2022

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

Active Listings November 1st, 2018 – January 31, 2019 68
Homes Sold/Closed YTD 122 Active Listings 131 Active Listings 34
Avg Days on Market 94
Median Sales Price 82 Homes Sold/Closed YTD 72 Homes Sold/Closed YTD $624,000
Avg Sales Price $705,000
SP/OLP 107 Avg Days on Market 85 Avg Days on Market 93%
$583,000 Median Sales Price $496,000 Median Sales Price
$651,000 Avg Sales Price $614,000 Avg Sales Price
SP/OLP SP/OLP
96% 95%

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

Active Listings 61 Active Listings 10 Active Listings 20
Homes Sold/Closed YTD 4 Homes Sold/Closed YTD 11
Homes Sold/Closed YTD 31 Avg Days on Market 98 Avg Days on Market 81
Avg Days on Market 87 Median Sales Price Median Sales Price $426,000
Median Sales Price $486,000 Avg Sales Price $726,000 Avg Sales Price $480,000
SP/OLP $718,000 SP/OLP 99%
Avg Sales Price $554,000
96%
SP/OLP 99%

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

Active Listings 19 Active Listings 36 Active Listings 477
Homes Sold/Closed YTD 3 Homes Sold/Closed YTD 24 Homes Sold/Closed YTD 242
Avg Days on Market 77 Avg Days on Market 77 Avg Days on Market 95
Median Sales Price Median Sales Price $287,000 Median Sales Price $534,000
Avg Sales Price $655,000 Avg Sales Price $291,000 Avg Sales Price $659,000
SP/OLP $965,000 SP/OLP 97% SP/OLP 95%

92%

*Data provided by Cda MLS