Coldwell Banker Market Report- October, 2019

The Treasure Valley Report OCTOBER 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 11/8/19 2:10 PM

Information pulled on 11/8/19

1

Yearly Residential Sales Ada County

12000

11048

11263

11559

9779

9553

10000 8124

8000 5683

6000

6172

6498

7963

7115

4000

2000

0 2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

OCTOBER 2019 YTD

MODIFIED ON 11/8/19 2:10 PM

Information pulled on 11/8/19

2

Yearly Residential Sales Canyon County

6000 5155 5000

4542

4807

4578

3996

4000 3094 3000

3283

3054

3245

3471

2646

2000

1000

0 2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

OCTOBER 2019 YTD

MODIFIED ON 11/8/19 2:10 PM

Information pulled on 11/8/19

3

Monthly Average Sales Price Comparison 2018/2019 Ada County

$250,000

$370,932

$357,401

$397,480

$362,203

$403,116

$357,554

$375,106

$390,792

$365,834

$403,050

$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

$405,035

$450,000

$200,000 $150,000 $100,000 $50,000 $0 Jan 2018

Feb

Mar

Apr

May

June

2019

MODIFIED ON 11/8/19 2:10 PM

July

Aug

Information pulled on 11/8/19

Sept

Oct

Nov

Dec

4

Monthly Average Sales Price Comparison 2018/2019 Canyon County

$246,407

$247,756

$282,075

$242,523

$280,728

$255,791

$282,939

$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

Nov

Dec

$150,000

$100,000

$50,000

$0 Jan 2018

Feb

Mar

Apr

May

June

July

Aug

2019

MODIFIED ON 11/8/19 2:10 PM

Information pulled on 11/8/19

Sept

Oct

5

Active Listings by Price Range Ada County

$300,000-$399,999 584

$400,000-$499,999 356

$250,000-$299,999 188

$200,000$249,999 34

$500,000-$699,999 314

$160,000-$199,999 3

$1,000,000+ 82

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

#

3 34 188 584 356 314 124 82 1685

$700,000-$999,999 124

AS OF OCTOBER 31, 2019

MODIFIED ON 11/8/19 2:10 PM

Information pulled on 11/8/19

6

Active Listings by Price Range Canyon County

$250,000-$299,999 265

$200,000-$249,999 137 $300,000-$399,999 241 $160,000-$199,999 29

$120,000-$159,999 6

$500,000+ 70

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

6 29 137 265 241 102 70 850

$400,000-$499,999 102

AS OF OCTOBER 31, 2019

MODIFIED ON 11/8/19 2:10 PM

Information pulled on 11/8/19

7

Sold Listings by Price Range Ada County

$300,000-$399,999 322

$250,000-$299,999 239

$200,000-$249,999 81

$400,000-$499,999 174

$160,000-$199,999 10

$1,000,000+ 13

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

10 81 239 322 174 143 36 13

1018

$700,000-$999,999 36 $500,000-$699,999 143 OCTOBER 2019

MODIFIED ON 11/8/19 2:10 PM

Information pulled on 11/8/19

8

Sold Listings by Price Range Canyon County

$250,000-$299,999 103

$200,000-$249,999 162

$160,000-$199,999 46

$300,000-$399,999 108 $120,000-$159,999 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+ TOTAL

12 46 148 103 108 27 14

458

$500,000+ 14 $400,000-$499,999 27

OCTOBER 2019

MODIFIED ON 11/8/19 2:10 PM

Information pulled on 11/8/19

9

Absorption Rate Current Inventory, Ada & Canyon Counties

25

25 20 15

Ada 10

10 5 0

0

1

$200-$249,999

1

3

$250-$299,999

2

3

2

$300-$399,999

4

$400-$499,999

3

5

$500-$699,999

“Absorption rate” refers to the number of months it would take to sell the present inventory if no new listings came on the market.

MODIFIED ON 11/8/19 2:10 PM

4

$700-$999,999

Canyon

7

$1,000,000+

OCTOBER 2019 YTD

Information pulled on 11/8/19

10

Sales Activity: Resale vs. New Construction Ada County / Canyon County

New Construction, 137, 30%

New Construction, 307, 30%

Resale, 714, 70%

Resale, 327, 70%

Canyon County

Ada County

2019 YTD

MODIFIED ON 11/8/19 2:10 PM

Information pulled on 11/8/19

11

Resale vs. New Construction Inventory Ada County

1200 977

1000

1003 879

874 800 600

817

700

754 669

503

488

727 718

737

773

919 838

913

898 807

782

912

877 774

516

400 200 0

Resale

New Construction

2018/2019

MODIFIED ON 11/8/19 2:10 PM

Information pulled on 11/8/19

12

Resale vs. New Construction Inventory Canyon County

483

500 450 400 350 300

433

414 381 301

336

320 285

358

276

277

356

332 297

321

472 411

412

379 341 311

323

315

280

250 200 150 100 50 0

Resale

New Construction

2018/2019

MODIFIED ON 11/8/19 2:10 PM

Information pulled on 11/8/19

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 11/8/19 2:10 PM

Information pulled on 11/8/19

14