December 2020
Market report S p o k a n e Wa s h i n gt o n
Š2020 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
S P O K A N E Was h i n gto n
Market snapshot SPOKANE county December 2020
$338K
16
AVERAGE SALES PRICE
Days on market
236
727
CURRENT LISTING INVENTORY
Closed Sales
December 2020, as compared to December 2019. Information pulled on 1/8/2021 Š2020 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
The information in this report is compiled from a report given by the Spokane Association of REALTORSÂŽ and to the best of our knowledge is accurate and current.
ANNUAL AVERAGE SALES PRICE December 2020 YTD SPOKANE, WA Year-to-date average. Total shown in $Thousands. Information pulled on 1/4/2021
$350
$322 $284
$300
$256
$250 $200
$168
$178
$183
$186
2012
2013
2014
$198
$212
$229
$150 $100 $50 $0 2011
2015
2016
2017
2018
2019
2020
December 2020
Š Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 3
The information in this report is compiled from a report given by the Spokane Association of REALTORSÂŽ and to the best of our knowledge is accurate and current.
Report last modified on Monday, January 4, 2021
AVERAGE DAYS ON MARKET December 2020 SPOKANE, WA Information pulled on 1/4/2021
70
2016
2017
2018
2019
2020
60
31
16
19
16
16
19
17
15
20
14
24
30
12
40
33
50
10 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
December 2020
© Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 4
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Monday, January 4, 2021
ACTIVE RESIDENTIAL LISTINGS December 2020 YTD SPOKANE, WA January 2020 reflects new system of contingent properties now reported as pending instead of active. Information pulled on 1/1/2021
2500 2016
2017
2018
2019
2020
2000
1500
218
292
406
471
422
497
543
597
626
503
457
500
793
1000
0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
December 2020
© Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 5
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Monday, January 4, 2021
December 2020
ACTIVE LISTINGS BY PRICE RANGE December 2020 SPOKANE, WA Information pulled on 1/1/2021
PRICE RANGE
#
$0-$149,999
16
$150,000-$199,999
19
$200,000-$249,999
32
$250,000-$299,999
27
$300,000-$349,999
24
$350,000-$399,999
24
$400,000-$449,999
21
$450,000-$499,999
30
$500,000-$599,999
33
$600,000-$799,999
29
$800,000-$999,999
20
$1,000,000+
25
TOTAL
300
$200-$249 11%
$250-$299 9%
$350-$399 8% $400-$449 7% $450-$499 10%
$150-$199 6%
$0-$149 5%
$500-$599 11% $1M+ 8% $800-$999 7%
© Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 6
$300-$349 8%
$600-$799 10%
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Monday, January 4, 2021
RESIDENTIAL CLOSED SALES As of December2020 SPOKANE, WA Total units closed per month. Information pulled on 1/4/2021
1000
2019
2020
692
727
808
2018
441
445
511
600
516
577
700
2017
745
735
693
800
500
2016
857
900
400 300 200 100 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
December 2020
© Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 7
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Monday, January 4, 2021
ANNUAL RESIDENTIAL SALES December 2020 YTD SPOKANE, WA Blue represents closed sales for entire year; Grey represents closed sales thru current report month for each year. Information pulled on 1/4/2021
4000
8127
8127
7908
7908
8267
8267
8162
8162
7596
5845
5845
5530
4546
4023
5000
4023
6000
4546
7000
5530
6915
8000
6915
9000
7596
10000
3000 2000 1000 0 2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
December 2020
Š Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 8
The information in this report is compiled from a report given by the Spokane Association of REALTORSÂŽ and to the best of our knowledge is accurate and current.
Report last modified on Monday, January 4, 2021
December 2020
SOLD LISTINGS BY PRICE RANGE December 2020 SPOKANE, WA Information pulled on 1/4/2021
PRICE RANGE
#
$0-$149,999
43
$150,000-$199,999
55
$200,000-$249,999
107
$250,000-$299,999
145
$300,000-$349,999
162
$350,000-$399,999
117
$400,000-$449,999
55
$450,000-$499,999
51
$500,000-$599,999
52
$600,000-$699,999
39
$700,000-$999,999
13
$1,000,000+
4
TOTAL
843
$200-$249 13%
$300-$349 19%
$150-$199 6%
$350-$399 14%
$0-$149 5% $1M+ 0%
$700-$999 2%
$600-$699 5%
Š Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 9
$250-$299 17%
$500-$599 6%
$450-$499 6%
$400-$449 7%
The information in this report is compiled from a report given by the Spokane Association of REALTORSÂŽ and to the best of our knowledge is accurate and current.
Report last modified on Monday, January 4, 2021
RESIDENTIAL CLOSED SALES RE-SALE VS NEW construction December 2020 YTD SPOKANE, WA
4838
6000
3526
7056
6988
4005
5000 4000
5192
6198
7000
7370
New 6749
Re-Sale
8000
7430
Total units closed, annually and year-to-date. Information pulled on 1/5/2021
920
837
792
847
717
653
692
541
1000
497
2000
1074
3000
0 2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
December 2020
Š Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 1 0
The information in this report is compiled from a report given by the Spokane Association of REALTORSÂŽ and to the best of our knowledge is accurate and current.
Report last modified on Monday, January 4, 2021
ANNUAL AVERAGE SALES PRICE RE-SALE vs NEW construction December 2020 YTD SPOKANE, WA
$175
2013
2014
$312
$379 $271
$354 $244
$329
$284
$291 $218
$172
2012
$203
$168
2011
$188
$274
$246
$159
$200
$228
$300
New
$259
Re-Sale
$400
$391
Total shown in $Thousands. Information pulled on 1/5/2021
$100 $0 2015
2016
2017
2018
2019
2020
December 2020
Š Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 1 1
The information in this report is compiled from a report given by the Spokane Association of REALTORSÂŽ and to the best of our knowledge is accurate and current.
Report last modified on Monday, January 4, 2021
AVERAGE PRICE PER SQUARE Foot RE-SALE VS NEW CONSTRUCTION SPOKANE, WA
$189
$189
$155
$152
$154
$195
Jun '20
$155
$178 $145
May '20
Aug '20
Sep '20
Oct '20
Nov '20
Dec '20
$181
$177 $145
Apr '20
$155
$176 $141
Mar '20
$133
$128
$155
$189
$174 $139
Feb '20
$163
$175
$135
$177
$195
New
$149
Re-Sale
$215
$194
Information pulled on 1/6/2021
$115 $95 $75
Jan '20
Jul '20
December 2020
© Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 1 2
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Monday, January 4, 2021
ANNUAL NEW CONSTRUCTION SALES
COMPARISON NEW CONSTRUCTION SALES
December 2020 YTD
2019 VS 2020 YTD SPOKANE, WA
SPOKANE, WA
Total units closed. Information pulled on 1/5/2021
Total units closed. Information pulled on 1/5/2021
1,200 1,000
1,074 847
800
792
837
600
2019
404
400 300
400
200
200
100
0
0
186 113
2017
2018
2019
525
500
920
600
2016
2020
2020
West Plains
204 210
175 108
Spokane South
Spokane Valley
Spokane North
December 2020
© Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 1 3
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Monday, January 4, 2021
December 2020
Supply and demand 4th quarter 2020 SPOKANE, WA
Price Range
Residential Sold in Period
Residential Active Listings 1/6/21
Residential Listed in Period
Months of Inventory
DOM for Closed Sales
0 - $99,999 $100,000- 124,999 $125,000- 149,999 $150,000- 174,999 $175,000- 199,999 $200,000 - 224,999 $225,000 - 249,999 $250,000 - 274,999 $275,000 - 299,999 $300,000 - 324,999 $325,000 - 349,999 $350,000 - 374,999 $375,000 - 399,999 $400,000 - 424,999 $425,000 - 449,999 $450,000 - 474,999 $475,000 - 499,999 $500,000 - 524,999 $525,000 – 549,999 $550,000 - 574,999 $575,000 - 599,999 $600,000 - 624,999 $625,000 - 649,999 $650,000 - 674,999 $675,000 - 699,999 $700,000 - 724,999 $725,000 - 749,999 $750,000 - 774,999 $775,000 - 799,999 $800,000 - 849,999 $850,000 - 899,999 $900,000 - 949,999 $950,000 - 999,999 $1000000 + Totals
60 100 169 302 492 610 759 829 811 744 729 535 476 313 280 205 155 122 110 74 77 43 46 37 37 26 17 22 13 17 10 7 4 21 8,252
1 1 1 5 19 13 12 12 19 12 14 9 8 10 7 8 20 5 5 3 8 4 5 0 2 0 2 0 3 2 2 0 4 7 223
61 99 174 294 530 609 818 881 893 771 800 625 573 356 353 247 235 150 158 94 99 62 66 41 56 32 29 30 25 21 19 11 19 51 9,281
0.2 0.1 0.1 0.2 0.46 0.26 0.2 0.17 0.27 0.19 0.23 0.2 0.2 0.38 0.3 0.47 1.5 0.5 0.54 0.49 1.2 1.1 1.3 0 0.66 0 1.4 0 0.27 1.4 2.4 0 12 4 0.32
35 20 16 13 11 11 12 11 13 16 20 21 26 19 32 27 27 32 31 36 27 36 32 42 36 29 31 22 48 26 45 45 10 61 18
Number of listings on market on day of report includes Contingent. Report includes all Residential, Site Built, Condo, and MH w/ Land in Spokane County. Information pulled on 1/6/2021 © Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 1 4
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Thursday, January 7, 2021
Monthly MORTGAGE RATES 30-YEAR FIXED MORTGAGE SPOKANE, WA Information pulled on 1/5/2021
3.85% 3.68%
3.72%
3.65% 3.45%
3.45%
3.29%
3.33% 3.23%
3.25%
3.15% 2.99%
3.05%
2.91%
2.88%
2.85% 2.65%
2.81% 2.71%
Dec '19
Jan '20
Feb '20
Mar '20
Apr '20
May '20 June '20 July '20
Aug '20
Sep '20
Oct '20
Nov '20
2.67% Dec '20
December 2020
Š Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.
SPOKANE real estate monthly report | 1 5
The information in this report is compiled from a report given by the Spokane Association of REALTORSÂŽ and to the best of our knowledge is accurate and current.
Report last modified on Monday, January 4, 2021
The information in this report is compiled from a report given by the Spokane Association of REALTORSŽ and to the best of our knowledge is accurate and current. Š2020 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC 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 deemed reliable but not guaranteed and should be independently verified.