The Treasure Valley Report APRIL 2019
Published by your trusted real estate advisors from Coldwell Banker Tomlinson Group. Š Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Coldwell Banker and the Coldwell Banker logo are registered service marks owned by Coldwell Banker Real Estate LLC. Information herein is taken from Intermountain Multiple Listing Service and is deemed reliable but is not guaranteed and should be independently verified. MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
1
Yearly Residential Sales Ada County
12000
11048
11263
11559
9553
10000 8124 8000
7963
7115 5683
6000
6172
6498
4000 3132 2000
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
APRIL 2019 YTD
MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
2
Yearly Residential Sales Canyon County
6000 5155 4807
5000
4542 3996
4000 3094 3000
3283
3054
3245
3471
2646
2000 1470 1000
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
APRIL 2019 YTD
MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
3
Monthly Average Sales Price Comparison 2018/2019 Ada County
$357,401
Sept
Oct
Nov
$370,932
$362,203
July
$357,554
$365,834
June
$375,106
$369,439
$351,558
$377,656
$349,760
$385,097
$347,121
$367,954
$345,683
$300,000
$331,570
$350,000
$367,214
$400,000
$250,000 $200,000 $150,000 $100,000 $50,000 $0 Jan 2018
Feb
Mar
Apr
May
2019
MODIFIED ON 5/9/19 10:17 AM
Aug
Information pulled on 5/9/19
Dec
4
Monthly Average Sales Price Comparison 2018/2019 Canyon County
$242,523
$246,407
$247,756
$255,791
$243,555
$251,929
$246,436
$277,768
$270,661
$232,699
$251,644
$242,419
$252,611
$219,001
$200,000
$224,072
$250,000
$256,544
$300,000
Oct
Nov
Dec
$150,000
$100,000
$50,000
$0 Jan 2018
Feb
Mar
Apr
May
June
July
Aug
2019
MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
Sept
5
Active Listings by Price Range Ada County
$300,000-$399,999 459 $400,000-$499,999 314 $250,000-$299,999 164
PRICE RANGE
$200,000$249,999 20
$500,000-$699,999 300
$160,000-$199,999 1 $1,000,000+ 67
$160,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$399,999 $400,000-$499,999 $500,000-$699,999 $700,000-$999,999 $1,000,000+ TOTAL
#
1 20 164 459 314 300 117 67 1442
$700,000-$999,999 117
AS OF APRIL 30, 2019
MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
6
Active Listings by Price Range Canyon County
$250,000-$299,999 182 $200,000-$249,999 112
$300,000-$399,999 158
$160,000-$199,999 16
$120,000-$159,999 7
$500,000+ 33
PRICE RANGE
#
$120,000-$159,999 $160,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$399,999 $400,000-$499,999 $500,000+ TOTAL
7 16 112 182 158 76 33 584
$400,000-$499,999 76
AS OF APRIL 30, 2019
MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
7
Sold Listings by Price Range Ada County
$250,000-$299,999 249 $300,000-$399,999 270
$200,000-$249,999 102
$400,000-$499,999 172 $160,000-$199,999 11
$1,000,000+ 9
PRICE RANGE
#
$160,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$399,999 $400,000-$499,999 $500,000-$699,999 $700,000-$999,999 $1,000,000+ TOTAL
11 102 249 270 172 108 25 9
946
$700,000-$999,999 25 $500,000-$699,999 108
APRIL 2019
MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
8
Sold Listings by Price Range Canyon County
$160,000-$199,999 146
$160,000-$199,999 60
$250,000-$299,999 96
$300,000-$399,999 73 $120,000-$159,999 18
PRICE RANGE
#
$120,000-$159,999 $160,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$399,999 $400,000-$499,999 $500,000+ TOTAL
18 60 146 96 73 26 18
437
$500,000+ 18 $400,000-$499,999 26
APRIL 2019
MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
9
Absorption Rate Current Inventory, Ada & Canyon Counties
24
25 20 15 10
10 5 0
1
0
0
0
0
1
1
3
2
3
3
4
4
3
5
Ada 8
Canyon
“Absorption rate” refers to the number of months it would take to sell the present inventory if no new listings came on the market. APRIL 2019 YTD
MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
10
Sales Activity: Resale vs. New Construction Ada County / Canyon County
New Construction, 119, 27% New Construction, 334, 35% Resale, 612, 65%
Resale, 328, 73%
Canyon County
Ada County
2019 YTD
MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
11
Resale vs. New Construction Inventory Ada County
1200 1005 1000 816 800
600
704 583
885
862
879
889
1003
977
930
874
817
774 647
754
700
668
669 503
488
727 718
516
400
200
0
Resale
New Construction
2018/2019
MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
12
Resale vs. New Construction Inventory Canyon County
500
470
450 400 350
408
394
454
426 381
339 286
300
313
301
320 285
358
336 276
277
332 297
321 280
250 200
184
197
167
195
150 100 50 0
Resale
New Construction
2018/2019
MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
13
Coldwell BankerÂŽ and its parent company, Realogy Corporation, fully support the principles of the Fair Housing Act (Title VIII of the Civil Rights Act of 1968), as amended, which generally prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, based on race, color, national origin, religion, sex, familial status (including children under the age of 18 living with parents of legal custodians, pregnant women, and people securing custody of children under the age of 18), and handicap (disability). In addition, each and every Coldwell Banker franchised office is contractually required to comply, in all respects, with all laws, rules and regulations applicable to the real estate industry, including without limitation, the requirements imposed by the Fair Housing Act. As an adjunct to the foregoing commitment, both Coldwell Banker and Realogy Corporation actively promote, and are committed to, creating and fostering an environment of diversity throughout their respective organizations and franchise systems, and each views such a concept as a critical component to the on-going success of their business operations
MODIFIED ON 5/9/19 10:17 AM
Information pulled on 5/9/19
14