The Treasure Valley Report SEPTEMBER 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 10/14/19 12:41 PM
Information pulled on 10/14/19
1
Yearly Residential Sales Ada County
12000
11048
11263
11559
9553
10000
8746 8124 8000
7963
7115 5683
6000
6172
6498
4000
2000
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
SEPTEMBER 2019 YTD
MODIFIED ON 10/14/19 12:41 PM
Information pulled on 10/14/19
2
Yearly Residential Sales Canyon County
6000 5155 4807
5000
4542 4109
3996
4000 3094 3000
3283
3054
3245
3471
2646
2000
1000
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
SEPTEMBER 2019 YTD
MODIFIED ON 10/14/19 12:41 PM
Information pulled on 10/14/19
3
Monthly Average Sales Price Comparison 2018/2019 Ada County
Oct
Nov
$370,932
$357,401
$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
$362,203
$250,000
$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 10/14/19 12:41 PM
July
Aug
Information pulled on 10/14/19
Sept
Dec
4
Monthly Average Sales Price Comparison 2018/2019 Canyon County
$242,523
$246,407
$247,756
$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
Oct
Nov
Dec
$150,000
$100,000
$50,000
$0 Jan 2018
Feb
Mar
Apr
May
June
July
Aug
2019
MODIFIED ON 10/14/19 12:41 PM
Information pulled on 10/14/19
Sept
5
Active Listings by Price Range Ada County
$300,000-$399,999 598
$400,000-$499,999 382
$250,000-$299,999 201
PRICE RANGE
$200,000$249,999 36
$500,000-$699,999 329
$160,000-$199,999 7
$1,000,000+ 92
$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
#
7 36 201 598 382 329 145 92 1790
$700,000-$999,999 145
AS OF SEPTEMBER 30, 2019
MODIFIED ON 10/14/19 12:41 PM
Information pulled on 10/14/19
6
Active Listings by Price Range Canyon County
$250,000-$299,999 277 $200,000-$249,999 146
$300,000-$399,999 239
$160,000-$199,999 39
$120,000-$159,999 7
$500,000+ 67
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
7 39 146 277 239 81 67 856
$400,000-$499,999 81
AS OF SEPTEMBER 30, 2019
MODIFIED ON 10/14/19 12:41 PM
Information pulled on 10/14/19
7
Sold Listings by Price Range Ada County
$300,000-$399,999 309
$250,000-$299,999 222
$200,000-$249,999 62
$400,000-$499,999 164
$160,000-$199,999 3
$1,000,000+ 14
$700,000-$999,999 41
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 62 222 309 164 121 41 14
936
$500,000-$699,999 121 SEPTEMBER 2019
MODIFIED ON 10/14/19 12:41 PM
Information pulled on 10/14/19
8
Sold Listings by Price Range Canyon County
$200,000-$249,999 162
$250,000-$299,999 98
$160,000-$199,999 53
$300,000-$399,999 88 $120,000-$159,999 14
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
14 53 162 98 88 26 18
459
$500,000+ 18 $400,000-$499,999 26
SEPTEMBER 2019
MODIFIED ON 10/14/19 12:41 PM
Information pulled on 10/14/19
9
Absorption Rate Current Inventory, Ada & Canyon Counties
25
25 20 15
13
10 5 0
0
1
$200-$249,999
1
3
$250-$299,999
2
3
2
$300-$399,999
3
$400-$499,999
3
5
$500-$699,999
Ada Canyon 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. SEPTEMBER 2019 YTD
MODIFIED ON 10/14/19 12:41 PM
Information pulled on 10/14/19
10
Sales Activity: Resale vs. New Construction Ada County / Canyon County
New Construction, 119, 26%
New Construction, 276, 29%
Resale, 660, 71% Resale, 346, 74%
Canyon County
Ada County
2019 YTD
MODIFIED ON 10/14/19 12:41 PM
Information pulled on 10/14/19
11
Resale vs. New Construction Inventory Ada County
1200
1000
800
600
889
1003
977
930
879
874
817
700
754 669
503
488
727 718
737
773
919 838
913
898 807
877
782
516
400
200
0
Resale
New Construction
2018/2019
MODIFIED ON 10/14/19 12:41 PM
Information pulled on 10/14/19
12
Resale vs. New Construction Inventory Canyon County
500 450
483 454 381
400 350 300
433
414
313
301 285
358
336
320 276
356 332
277
297
321
411
379 341 311
323
315
280
250 200 150 100 50 0
Resale
New Construction
2018/2019
MODIFIED ON 10/14/19 12:41 PM
Information pulled on 10/14/19
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 10/14/19 12:41 PM
Information pulled on 10/14/19
14