April 2020 (1)

Market Update April 2020

Residential Snap Shot

January 1st , 2020- March 31st , 2020

Residential Snap Shot 03 Hayden
Area 01 CdA Area 02 Post Falls Area
239
Active Listings November 1st, 2018 – January 31, 2019 88
Homes Sold/Closed YTD 522 Active Listings 515 Active Listings 99
Avg Days on Market $365,000
Median Sales Price 255 Homes Sold/Closed YTD 275 Homes Sold/Closed YTD $386,000
Avg Sales Price 98%
SP/OLP 92 Avg Days on Market 113 Avg Days on Market

$335,000 Median Sales Price $314,000 Median Sales Price

$371,000 Avg Sales Price $331,000 Avg Sales Price

98% SP/OLP 99% SP/OLP

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

Active Listings 305 Active Listings 19 Active Listings 108
Homes Sold/Closed YTD 99 Homes Sold/Closed YTD 8 Homes Sold/Closed YTD 30
Avg Days on Market Avg Days on Market 92 Avg Days on Market 76
Median Sales Price 128 Median Sales Price $476,000 Median Sales Price
Avg Sales Price $305,000 Avg Sales Price $457,000 Avg Sales Price $363,000
SP/OLP $365,000 SP/OLP 96% SP/OLP $354,000

98% 99%

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

Active Listings 69 Active Listings 168 Active Listings 1970
Homes Sold/Closed YTD 21 Homes Sold/Closed YTD 67 Homes Sold/Closed YTD 813
Avg Days on Market 102 Avg Days on Market 94 Avg Days on Market 106
Median Sales Price $360,000 Median Sales Price Median Sales Price
Avg Sales Price $382,000 Avg Sales Price $145,000 Avg Sales Price $329,000
SP/OLP 96% SP/OLP $169,000 SP/OLP $378,000

95% 98%

*Data provided by Cda MLS

March’s New Listing Inventory All MLS
Kootenai Co Residential

2019 2020

522 575
New Listings New Listings

Median List Price (10%)
$335,000
Median List Price
$368,000 (10%)

March’s Sold Data All MLS
Kootenai Co. Residential

2019 2020

309 343
Sold Listings Sold listings

Median Sold (11%)
Price
Median Sold
$299,000 Price

$333,000 (11%)

Windermere New Listings in last 2 weeks

3/26 – 4/6

2019 • 86 New listings

• 1/3 of them new
construction

2020 • 41 New listings

• Less New
Construction

Pending Report March 30th – April 3rd

45 $14
Transactions Million

28
Agents

On Purpose



GDP is a measurement of total amount of goods and services produced by a nation.



Months of Inventory Analysis
CDA Site Built < 2 Acres

January 1st, 2020 through March 31st, 2020

50
47

45 43 43

40

35

30

25 19 17 20 20 17 11 10
1 1 1 19 10 9
20 8 3
3 6 3
15 14
4 2 3 3
10 32 00 00 22
5

5
1

0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Talking Points….

• Housing is a foundational element... And with nearly a fifth of
US gross domestic product rooted in housing-related
expenditures, it is also critical to the well-being of our broader
economy.

• We may be facing challenging economic times today,
but the housing market is poised to help the economy
recover, not drag it down

• What you do today will determine how your personal
business recovers from these challenging times.





Months of Inventory Analysis
Residential Waterfront

January 1st, 2020 through March 31st, 2020

25

21 21
20

15
15

10 9 9

6 66 6

5 55 5
4
5

3 3 3 3 3 333

2 2 2 22 22 22
2 1
1 1 111 1 11
1

00 000 00 0 0
0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Months of Inventory Analysis
Kootenai Site Built < 2 Acres
January 1st, 2020 through March 31st, 2020

200

180 175

160

140 132
120 114

100

80

60 58 62 59 5249 44 25 18 754 17 14 553 15 21 32
1 1 2 3 23 19 14 11 9 5
40 6 4 7
40 4 2 2 1 1

20
20

2
0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Kootenai Site Built > 2 Acres
January 1st, 2020 through March 31st, 2020

35
33

30

25

20

15

13 13
12 12
11 11

10 9 9

88

7

6 6 66

55

5 3

3 3 3 333 3 3
2
122 122 122 2 2 2
1 11 1
1

0 00 0

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Post Falls Site Built < 2 Acres
January 1st, 2020 through March 31st , 2020

90
85

80

70

60 57
50

40 34
26
30 19 19
23
13
20
2 2 7 6
10 45 3
10
2 1 2 010 11 2
0 0 0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Rathdrum Site Built < 2 Acres
January 1st, through March 31st , 2020

30

25 24
20

15 13 6 3 3 6
12 4 11 00
4 2
10 1 2 1

5 1
2 00

0

Active Listings Sold During Time Period Months of Inventory

Months of Inventory Analysis
Hayden Site Built < 2 Acres
January 1st, 2020 through March 31st , 2020

30

25 24

20 19

15
15

12

11

10

10 9

8 8

6

55

54 4

33 3

222 2 2 22 22 2
1 1
1 1 11

0
0

Active Listings Sold During Time Period Months of Inventory

*Data provided by Cda MLS

Residential Sales Comparison Year over Year
All MLS

722
691

585
590

617

439 586

461 462 509
396

319 310

311
324

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

2015 Sold 2016 Sold 2017 Sold 2018 Sold 2019 Sold 2020 Sold

*Data provided by CDA MLS