The Treasure Valley Report NOVEMBER 2017
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 12/12/17 4:31 PM
Information pulled on 12/12/17
1
Yearly Residential Sales Ada County
12000
11048 10389 9553
10000 8124
8000
7115
6839 6000
7963
5154
5683
6172
6498
4000
2000
0 2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
NOVEMBER 2017 YTD
MODIFIED ON 12/12/17 4:31 PM
Information pulled on 12/12/17
2
Yearly Residential Sales Canyon County
5000
4542
4500
4051
3996 4000 3315
3500
3094
3000
3471
3283 3054
3245
2646
2500
2217
2000 1500 1000 500 0 2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
NOVEMBER 2017 YTD
MODIFIED ON 12/12/17 4:31 PM
Information pulled on 12/12/17
3
Monthly Average Sales Price Comparison 2016/2017 Ada County
$275,037
$313,252
$283,409
$317,063
$289,434
$311,860
$287,100
$317,493
$290,563
$310,940
$283,220
$314,605
$290,683
$300,000
$278,702
$293,131
$272,751
$287,412
$272,118
$270,368
$200,000
$274,577
$250,000
$265,905
$300,000
$297,990
$350,000
$150,000
$100,000
$50,000
$0 Jan 2016
Feb
Mar
Apr
May
June
2017
MODIFIED ON 12/12/17 4:31 PM
July
Aug
Information pulled on 12/12/17
Sept
Oct
Nov
Dec
4
Monthly Average Sales Price Comparison 2016/2017 Canyon County
$186,069
$210,318
$186,852
$207,538
$188,782
$210,837
$189,853
$210,198
$186,320
$210,297
$192,873
$184,147
$200,000
$180,041
$198,462
$184,214
$193,687
$169,215
$190,131
$180,327
$185,777
$150,000
$166,146
$200,000
$208,132
$250,000
$100,000
$50,000
$0 Jan 2016
Feb
Mar
Apr
May
June
July
Aug
2017
MODIFIED ON 12/12/17 4:31 PM
Information pulled on 12/12/17
Sept
Oct
Nov
Dec
5
Active Listings by Price Range Ada County
$250,000-$299,999 323
$300,000-$399,999 436
$200,000-$249,999 225
PRICE RANGE
$160,000$199,999 45
$400,000-$499,999 269
$500,000-$699,999 165
$120,000-$159,999 11 $1,000,000+ 66
$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-$699,999 $700,000-$999,999 $1,000,000+ TOTAL
#
11 45 225 323 436 269 165 102 66 1631
$700,000-$999,999 102
AS OF NOVEMBER 30, 2017
MODIFIED ON 12/12/17 4:31 PM
Information pulled on 12/12/17
6
Active Listings by Price Range Canyon County
$160,000-$199,999 134
$200,000-$249,999 199
$120,000-$159,999 64
$100,000-$119,999 10
$250,000-$299,999 145
$300,000-$399,999 101
$500,000+ 33
PRICE RANGE
#
$100,000-$119,999 $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
10 64 134 199 145 101 42 33 728
$400,000-$499,999 42
AS OF NOVEMBER 30, 2017
MODIFIED ON 12/12/17 4:31 PM
Information pulled on 12/12/17
7
Sold Listings by Price Range Ada County
$200,000-$249,999 223 $250,000-$299,999 161 $160,000-$199,999 111
$300,000-$399,999 164
$120,000-$159,999 19 $400,000-$499,999 101 $1,000,000+ 7 $700,000-$999,999 12
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-$699,999 $700,000-$999,999 $1,000,000+ TOTAL
19 111 223 161 164 101 54 12 7
852
$500,000-$699,999 54
NOVEMBER 2017
MODIFIED ON 12/12/17 4:31 PM
Information pulled on 12/12/17
8
Sold Listings by Price Range Canyon County
$160,000-$199,999 115 $120,000-$159,999 79
$200,000-$249,999 66 $100,000-$119,999 8 $250,000-$299,999 35
$500,000+ 3
$400,000-$499,999 12
PRICE RANGE
#
$100,000-$119,999 $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 79 115 66 35 29 12 3
347
$300,000-$399,999 29
NOVEMBER 2017
MODIFIED ON 12/12/17 4:31 PM
Information pulled on 12/12/17
9
Absorption Rate Current Inventory, Ada & Canyon Counties
25
25 20
15
15
Ada
10 5 0
8
1
1
0
1
0
1
1
3
2
4
2
4
3
3
3
Canyon
7
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. NOVEMBER 2017 YTD
MODIFIED ON 12/12/17 4:31 PM
Information pulled on 12/12/17
10
Sales Activity: Resale vs. New Construction Ada County / Canyon County
New Construction, 63, 18%
New Construction, 205, 24%
Resale, 653, 76% Resale, 297, 82%
Canyon County
Ada County
NOVEMBER 2017 YTD
MODIFIED ON 12/12/17 4:31 PM
Information pulled on 12/12/17
11
Resale vs. New Construction Inventory Ada County
1400
1270
1200
1199 1068
920 843
600
1226
1052
1000 800
1228
816
678
766
737 767
785
756
640
814 697
724
829
797
848
711
555
400 200 0
Resale
New Construction
2016/2017
MODIFIED ON 12/12/17 4:31 PM
Information pulled on 12/12/17
12
Resale vs. New Construction Inventory Canyon County
600
560
500
400
394 401
357 313
300
303
584 525
442
419
396
597
579
341
428
325
301
354 320
301
346
309
326
263
200
100 0
Resale
New Construction
2016/2017
MODIFIED ON 12/12/17 4:31 PM
Information pulled on 12/12/17
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 12/12/17 4:31 PM
Information pulled on 12/12/17
14