The Treasure Valley Report MAY 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 6/7/19 2:38 PM
Information pulled on 6/7/19
1
Yearly Residential Sales Ada County
12000
11048
11263
11559
9553
10000 8124 8000
7963
7115 5683
6000
6172
6498
4344
4000
2000
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
MAY 2019 YTD
MODIFIED ON 6/7/19 2:38 PM
Information pulled on 6/7/19
2
Yearly Residential Sales Canyon County
6000 5155 4807
5000
4542 3996
4000 3094 3000
3283
3054
3245
3471
2646
2000
2015
1000
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
MAY 2019 YTD
MODIFIED ON 6/7/19 2:38 PM
Information pulled on 6/7/19
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
$390,707
$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 6/7/19 2:38 PM
Aug
Information pulled on 6/7/19
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
$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 6/7/19 2:38 PM
Information pulled on 6/7/19
Sept
5
Active Listings by Price Range Ada County
$300,000-$399,999 471 $400,000-$499,999 313 $250,000-$299,999 164
PRICE RANGE
$200,000$249,999 31
$500,000-$699,999 309
$160,000-$199,999 3
$1,000,000+ 83
$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
#
3 31 164 471 313 309 136 83 1510
$700,000-$999,999 136
AS OF MAY 31, 2019
MODIFIED ON 6/7/19 2:38 PM
Information pulled on 6/7/19
6
Active Listings by Price Range Canyon County
$250,000-$299,999 213
$200,000-$249,999 121
$300,000-$399,999 178 $160,000-$199,999 17
$120,000-$159,999 9
$500,000+ 49
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 17 121 213 178 81 49 668
$400,000-$499,999 81
AS OF MAY 31, 2019
MODIFIED ON 6/7/19 2:38 PM
Information pulled on 6/7/19
7
Sold Listings by Price Range Ada County
$300,000-$399,999 383
$250,000-$299,999 258
$200,000-$249,999 106 $400,000-$499,999 219 $160,000-$199,999 15
$1,000,000+ 16
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
15 106 258 383 219 142 33 16
1172
$700,000-$999,999 33 $500,000-$699,999 142
MAY 2019
MODIFIED ON 6/7/19 2:38 PM
Information pulled on 6/7/19
8
Sold Listings by Price Range Canyon County
$160,000-$199,999 187
$160,000-$199,999 76 $250,000-$299,999 102
$300,000-$399,999 93 $120,000-$159,999 19 $500,000+ 13
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
19 76 187 102 93 29 13
519
$400,000-$499,999 29
MAY 2019
MODIFIED ON 6/7/19 2:38 PM
Information pulled on 6/7/19
9
Absorption Rate Current Inventory, Ada & Canyon Counties
25
25 20
17
15
Ada
10 5 0
0
0
0
0
0
1
1
3
2
3
2
4
3
4
5
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. MAY 2019 YTD
MODIFIED ON 6/7/19 2:38 PM
Information pulled on 6/7/19
10
Sales Activity: Resale vs. New Construction Ada County / Canyon County
New Construction, 153, 29%
New Construction, 363, 31%
Resale, 809, 69%
Resale, 369, 71%
Canyon County
Ada County
2019 YTD
MODIFIED ON 6/7/19 2:38 PM
Information pulled on 6/7/19
11
Resale vs. New Construction Inventory Ada County
1200 1005
1000
885
862
816
879
889
1003
977
930
874
817
774
800 647
668
700
600
754 669
503
488
727 718
737
773
516
400
200
0
Resale
New Construction
2018/2019
MODIFIED ON 6/7/19 2:38 PM
Information pulled on 6/7/19
12
Resale vs. New Construction Inventory Canyon County
500
470
450 400
408
394
454
426 381
350
313 286
300
301
320 285
358
336 276
356 332
277
297
321
341
280
250 200
197
195 167
150 100 50 0
Resale
New Construction
2018/2019
MODIFIED ON 6/7/19 2:38 PM
Information pulled on 6/7/19
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 6/7/19 2:38 PM
Information pulled on 6/7/19
14