The Treasure Valley Report FEBRUARY 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 3/8/19 11:52 AM
Information pulled on 3/7/19
1
Yearly Residential Sales Ada County
12000
11048
11263
11559
9553
10000 8124 8000
7963
7115 5683
6000
6172
6498
4000
2000 1284 0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
FEBRUARY 2019 YTD
MODIFIED ON 3/8/19 11:52 AM
Information pulled on 3/7/19
2
Yearly Residential Sales Canyon County
6000 5155 4807
5000
4542 3996
4000 3094 3000
3283
3054
3245
3471
2646
2000
1000 596
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
FEBRUARY 2019 YTD
MODIFIED ON 3/8/19 11:52 AM
Information pulled on 3/7/19
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
$349,760
$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 3/8/19 11:52 AM
Aug
Information pulled on 3/7/19
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
$232,699
$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 3/8/19 11:52 AM
Information pulled on 3/7/19
Sept
5
Active Listings by Price Range Ada County
$300,000-$399,999 365
$250,000-$299,999 232
$400,000-$499,999 323 PRICE RANGE
$200,000$249,999 32
$500,000-$699,999 220
$160,000-$199,999 2
$1,000,000+ 62
$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
#
2 32 232 365 323 220 93 62 1329
$700,000-$999,999 93
AS OF FEBRUARY 28, 2019
MODIFIED ON 3/8/19 11:52 AM
Information pulled on 3/7/19
6
Active Listings by Price Range Canyon County
$250,000-$299,999 211
$200,000-$249,999 155
$160,000-$199,999 19
$300,000-$399,999 132
$120,000-$159,999 9
$500,000+ 38
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
9 19 155 211 132 54 38 618
$400,000-$499,999 54
AS OF FEBRUARY 28, 2019
MODIFIED ON 3/8/19 11:52 AM
Information pulled on 3/7/19
7
Sold Listings by Price Range Ada County
$250,000-$299,999 149 $300,000-$399,999 228 $200,000-$249,999 111
$400,000-$499,999 91 $160,000-$199,999 6
$1,000,000+ 2
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
6 111 149 228 91 67 26 2
680
$700,000-$999,999 26 $500,000-$699,999 67
FEBRUARY 2019
MODIFIED ON 3/8/19 11:52 AM
Information pulled on 3/7/19
8
Sold Listings by Price Range Canyon County
$160,000-$199,999 110
$160,000-$199,999 68
$250,000-$299,999 35
$120,000-$159,999 20 $300,000-$399,999 45
$500,000+ 10
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
20 68 110 35 45 15 10
303
$400,000-$499,999 15
FEBRUARY 2019
MODIFIED ON 3/8/19 11:52 AM
Information pulled on 3/7/19
9
Absorption Rate Current Inventory, Ada & Canyon Counties
12
12
10
10 8 6
5
4 2 0
0
1
1
2 0
0
0
2
2
3
4
4
0
3
4
5
Ada 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. FEBRUARY 2019 YTD
MODIFIED ON 3/8/19 11:52 AM
Information pulled on 3/7/19
10
Sales Activity: Resale vs. New Construction Ada County / Canyon County
New Construction, 81, 26% New Construction, 260, 38%
Resale, 421, 62%
Resale, 227, 74%
Canyon County
Ada County
2019 YTD
MODIFIED ON 3/8/19 11:52 AM
Information pulled on 3/7/19
11
Resale vs. New Construction Inventory Ada County
1200 1005 1000 816 800 647 600
562
704
679 600
583
885
862
879
889
1003
977
930
874
817
774 647
700
668
503
488
516
400
200
0
Resale
New Construction
2018/2019
MODIFIED ON 3/8/19 11:52 AM
Information pulled on 3/7/19
12
Resale vs. New Construction Inventory Canyon County
500
470
450
381
339
350 300
426
408
394
400
454
289
312
286
267
313
301
320 285
358
336 276
277
250 200
196
184
197 167
195
150 100 50 0
Resale
New Construction
2018/2019
MODIFIED ON 3/8/19 11:52 AM
Information pulled on 3/7/19
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 3/8/19 11:52 AM
Information pulled on 3/7/19
14