The Treasure Valley Report NOVEMBER 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 12/17/18 3:34 PM
Information pulled on 12/17/18
1
Yearly Residential Sales Ada County
12000
11048
11263
10811
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
NOVEMBER 2018 YTD
MODIFIED ON 12/17/18 3:34 PM
Information pulled on 12/17/18
2
Yearly Residential Sales Canyon County
4807
5000
4815
4542
4500 3996 4000 3500
3094
3000
3283 3054
3245
3471
2646
2500
2217
2000 1500 1000 500 0 2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
NOVEMBER 2018 YTD
MODIFIED ON 12/17/18 3:34 PM
Information pulled on 12/17/18
3
Monthly Average Sales Price Comparison 2017/2018 Ada County
$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 12/17/18 3:34 PM
Information pulled on 12/17/18
Oct
Nov
Dec
4
Monthly Average Sales Price Comparison 2017/2018 Canyon County
$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 12/17/18 3:34 PM
Information pulled on 12/17/18
Nov
Dec
5
Active Listings by Price Range Ada County
$300,000-$399,999 551 $250,000-$299,999 302 PRICE RANGE
$400,000-$499,999 331
$200,000$249,999 96 $500,000-$699,999 217 $160,000-$199,999 6 $1,000,000+ 68
$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 96 302 551 331 217 103 68 1674
$700,000-$999,999 103
AS OF NOVEMBER 30, 2018
MODIFIED ON 12/17/18 3:34 PM
Information pulled on 12/17/18
6
Active Listings by Price Range Canyon County
$200,000-$249,999 172 $250,000-$299,999 177
$160,000-$199,999 52
$120,000-$159,999 32
$300,000-$399,999 119
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
32 52 172 177 119 61 40 653
$500,000+ 40
$400,000-$499,999 61
AS OF NOVEMBER 30, 2018
MODIFIED ON 12/17/18 3:34 PM
Information pulled on 12/17/18
7
Sold Listings by Price Range Ada County
$200,000-$249,999 157
$250,000-$299,999 176
$300,000-$399,999 240
$400,000-$499,999 137
$160,000-$199,999 25
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
25 157 176 240 137 81 23 3
842
$700,000-$999,999 $1,000,000+ 23 3 $500,000-$699,999 81
NOVEMBER 2018
MODIFIED ON 12/17/18 3:34 PM
Information pulled on 12/17/18
8
Sold Listings by Price Range Canyon County
$160,000-$199,999 102
$160,000-$199,999 103
$250,000-$299,999 58
$120,000-$159,999 32 $300,000-$399,999 53
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
32 102 103 58 53 25 7
380
$500,000+ 7 $400,000-$499,999 25
NOVEMBER 2018
MODIFIED ON 12/17/18 3:34 PM
Information pulled on 12/17/18
9
Absorption Rate Current Inventory, Ada & Canyon Counties
9
9
9
8 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. NOVEMBER 2018 YTD
MODIFIED ON 12/17/18 3:34 PM
Information pulled on 12/17/18
10
Sales Activity: Resale vs. New Construction Ada County / Canyon County
New Construction, 79, 20%
New Construction, 238, 28%
Resale, 610, 72% Resale, 311, 80%
Canyon County
Ada County
2018 YTD
MODIFIED ON 12/17/18 3:34 PM
Information pulled on 12/17/18
11
Resale vs. New Construction Inventory Ada County
1200 1005 1000 840 800
600
816
761 689 582
647 562
424
704
679 600
885
862
879
889
977
930
774 647
668
700
583
489
400
200
0
Resale
New Construction
2017/2018
MODIFIED ON 12/17/18 3:34 PM
Information pulled on 12/17/18
12
Resale vs. New Construction Inventory Canyon County
470
500 450 383
400 350 300 250 200
252
381
339
330
328
426
408
394
454
308 242
289
313
312
286
267 196
184
197
301
195 167
150 100 50 0
Resale
New Construction
2017/2018
MODIFIED ON 12/17/18 3:34 PM
Information pulled on 12/17/18
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 12/17/18 3:34 PM
Information pulled on 12/17/18
14