The Treasure Valley Report DECEMBER 2018
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 1/10/19 11:15 AM
Information pulled on 1/10/19
1
Yearly Residential Sales Ada County
12000
11048
11263
11559
9553
10000 8124 8000
7963
7115
6000
5154
5683
6172
6498
4000
2000
0 2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
DECEMBER 2018 YTD
MODIFIED ON 1/10/19 11:15 AM
Information pulled on 1/10/19
2
Yearly Residential Sales Canyon County
6000 5155 4807
5000
4542 3996
4000 3094 3000
3283
3054
3245
3471
2646 2217
2000
1000
0 2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
DECEMBER 2018 YTD
MODIFIED ON 1/10/19 11:15 AM
Information pulled on 1/10/19
3
Monthly Average Sales Price Comparison 2017/2018 Ada County
$370,932 $317,393
$357,401
Sept
$313,252
Aug
$362,203
July
$317,063
$311,860
$357,554
$375,106 $317,493
$365,834
$369,439
$351,558 $300,000
$349,760 $293,131
$347,121 $287,412
$345,683
$310,940
$200,000
$297,990
$250,000
$274,577
$300,000
$331,570
$350,000
$314,605
$400,000
$150,000 $100,000 $50,000 $0 Jan 2017
Feb
Mar
Apr
May
June
2018
MODIFIED ON 1/10/19 11:15 AM
Information pulled on 1/10/19
Oct
Nov
Dec
4
Monthly Average Sales Price Comparison 2017/2018 Canyon County
$247,756
$214,678
$246,407
Oct
$210,318
$255,791 Sept
$242,523
Aug
$207,538
July
$210,837
$210,198
$251,929 $210,297
$246,436 $208,132
$227,768
$200,000
$232,699
$198,462
$242,419 $193,687
$219,001
$190,131
$150,000
$185,777
$200,000
$224,072
$250,000
$243,555
$300,000
$100,000
$50,000
$0 Jan 2017
Feb
Mar
Apr
May
June
2018
MODIFIED ON 1/10/19 11:15 AM
Information pulled on 1/10/19
Nov
Dec
5
Active Listings by Price Range Ada County
$300,000-$399,999 502
$250,000-$299,999 260 PRICE RANGE
$400,000-$499,999 310
$200,000$249,999 67 $500,000-$699,999 212 $160,000-$199,999 5 $1,000,000+ 57
$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
#
5 67 260 502 310 212 92 57 1505
$700,000-$999,999 92
AS OF DECEMBER 31, 2018
MODIFIED ON 1/10/19 11:15 AM
Information pulled on 1/10/19
6
Active Listings by Price Range Canyon County
$200,000-$249,999 146
$250,000-$299,999 187
$160,000-$199,999 36
$120,000-$159,999 25
$300,000-$399,999 104
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
25 36 146 187 104 48 36 582
$500,000+ 36
$400,000-$499,999 48
AS OF DECEMBER 31, 2018
MODIFIED ON 1/10/19 11:15 AM
Information pulled on 1/10/19
7
Sold Listings by Price Range Ada County
$250,000-$299,999 139
$200,000-$249,999 142
$300,000-$399,999 188
$400,000-$499,999 117 $160,000-$199,999 14
$1,000,000+ 6
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
14 142 139 188 117 76 26 6
708
$700,000-$999,999 26 $500,000-$699,999 76
DECEMBER 2018
MODIFIED ON 1/10/19 11:15 AM
Information pulled on 1/10/19
8
Sold Listings by Price Range Canyon County
$160,000-$199,999 93
$160,000-$199,999 78
$120,000-$159,999 26
$250,000-$299,999 44 $300,000-$399,999 48
$500,000+ 6
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
26 78 93 44 48 12 6
307
$400,000-$499,999 12
DECEMBER 2018
MODIFIED ON 1/10/19 11:15 AM
Information pulled on 1/10/19
9
Absorption Rate Current Inventory, Ada & Canyon Counties
9
9 8
7
7 6 5 4
3
3 2 1 0
0
0
0
1
0
0
0
1
1
2
2
2
3
4 2
Ada 3
Canyon
0
“Absorption rate” refers to the number of months it would take to sell the present inventory if no new listings came on the market. DECEMBER 2018 YTD
MODIFIED ON 1/10/19 11:15 AM
Information pulled on 1/10/19
10
Sales Activity: Resale vs. New Construction Ada County / Canyon County
New Construction, 78, 25% New Construction, 250, 35% Resale, 461, 65%
Resale, 234, 75%
Canyon County
Ada County
2018 YTD
MODIFIED ON 1/10/19 11:15 AM
Information pulled on 1/10/19
11
Resale vs. New Construction Inventory Ada County
1200 1005 1000 816
761
800
689
647 562
600 424
704
679 600
885
862
879
889
1003
977
930
774 647
668
700
583 503
489
400
200
0
Resale
New Construction
2017/2018
MODIFIED ON 1/10/19 11:15 AM
Information pulled on 1/10/19
12
Resale vs. New Construction Inventory Canyon County
470
500 450 400
300 250 200
252
381
339
330
350
426
408
394
454
308 242
289
313
312
286
267 196
184
197
301
320 285
195 167
150 100 50 0
Resale
New Construction
2017/2018
MODIFIED ON 1/10/19 11:15 AM
Information pulled on 1/10/19
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 1/10/19 11:15 AM
Information pulled on 1/10/19
14