The Treasure Valley Report JULY 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 8/12/19 10:20 AM
Information pulled on 8/12/19
1
Yearly Residential Sales Ada County
12000
11048
11263
11559
9553
10000 8124 8000
7963
7115 5683
6000
6172
6693
6498
4000
2000
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
JULY 2019 YTD
MODIFIED ON 8/12/19 10:20 AM
Information pulled on 8/12/19
2
Yearly Residential Sales Canyon County
6000 5155 4807
5000
4542 3996
4000 3094 3000
3283
3054
3245
3471 3083
2646
2000
1000
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
JULY 2019 YTD
MODIFIED ON 8/12/19 10:20 AM
Information pulled on 8/12/19
3
Monthly Average Sales Price Comparison 2018/2019 Ada County
$450,000
$357,401
Sept
Oct
Nov
$370,932
$362,203
$375,106
$390,792
$365,834
$403,050
$369,439
$390,707
$351,558
$377,656
$349,760
$385,097
$347,121
$367,954
$357,554
$250,000
$345,683
$300,000
$331,570
$350,000
$367,214
$400,000
$200,000 $150,000 $100,000 $50,000 $0 Jan 2018
Feb
Mar
Apr
May
June
2019
MODIFIED ON 8/12/19 10:20 AM
July
Aug
Information pulled on 8/12/19
Dec
4
Monthly Average Sales Price Comparison 2018/2019 Canyon County
$242,523
$246,407
$247,756
$255,791
$243,555
$278,140
$251,929
$274,048
$246,436
$268,096
$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 8/12/19 10:20 AM
Information pulled on 8/12/19
Sept
5
Active Listings by Price Range Ada County
$300,000-$399,999 551
$400,000-$499,999 391
$250,000-$299,999 198
PRICE RANGE
$200,000$249,999 36
$500,000-$699,999 314
$160,000-$199,999 1
$1,000,000+ 93
$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 36 198 551 391 314 139 93 1723
$700,000-$999,999 139
AS OF JULY 31, 2019
MODIFIED ON 8/12/19 10:20 AM
Information pulled on 8/12/19
6
Active Listings by Price Range Canyon County
$250,000-$299,999 202
$200,000-$249,999 113 $300,000-$399,999 223 $160,000-$199,999 21
$120,000-$159,999 8
$500,000+ 61
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
8 21 113 202 223 75 61 703
$400,000-$499,999 75
AS OF JULY 31, 2019
MODIFIED ON 8/12/19 10:20 AM
Information pulled on 8/12/19
7
Sold Listings by Price Range Ada County
$300,000-$399,999 377
$250,000-$299,999 265
$200,000-$249,999 91 $400,000-$499,999 221 $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 91 265 377 221 139 48 9
1161
$700,000-$999,999 48 $500,000-$699,999 139 JULY 2019
MODIFIED ON 8/12/19 10:20 AM
Information pulled on 8/12/19
8
Sold Listings by Price Range Canyon County
$200,000-$249,999 185
$250,000-$299,999 121 $160,000-$199,999 57
$300,000-$399,999 77 $120,000-$159,999 11
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
11 57 185 121 77 39 15
505
$500,000+ 15 $400,000-$499,999 39
JULY 2019
MODIFIED ON 8/12/19 10:20 AM
Information pulled on 8/12/19
9
Absorption Rate Current Inventory, Ada & Canyon Counties
25
25 20 15
15
Ada Canyon
10 5 0
0
1
$200-$249,999
1
2
$250-$299,999
2
3
2
$300-$399,999
3
$400-$499,999
3
5
$500-$699,999
8 4
$700-$999,999
$1,000,000+
“Absorption rate” refers to the number of months it would take to sell the present inventory if no new listings came on the market. JULY 2019 YTD
MODIFIED ON 8/12/19 10:20 AM
Information pulled on 8/12/19
10
Sales Activity: Resale vs. New Construction Ada County / Canyon County
New Construction, 120, 23%
New Construction, 299, 26%
Resale, 862, 74%
Resale, 392, 77%
Canyon County
Ada County
2019 YTD
MODIFIED ON 8/12/19 10:20 AM
Information pulled on 8/12/19
11
Resale vs. New Construction Inventory Ada County
1200
1000
800
600
1005 885
879
889
1003
977
930
879
874
817
774 700
754 669
503
488
727 718
737
919 838
773
807
516
400
200
0
Resale
New Construction
2018/2019
MODIFIED ON 8/12/19 10:20 AM
Information pulled on 8/12/19
12
Resale vs. New Construction Inventory Canyon County
500 450
470
454
426
414 381
400 350
313 286
300
358 301
336
320 285
356
276
332 277
297
321
379 341 311
323
280
250 200
195
150 100 50 0
Resale
New Construction
2018/2019
MODIFIED ON 8/12/19 10:20 AM
Information pulled on 8/12/19
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 8/12/19 10:20 AM
Information pulled on 8/12/19
14