June 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 June 2020
$311K
14
AVERAGE SALES PRICE
Days on market
728
713
CURRENT LISTING INVENTORY
Closed Sales
June 2020, as compared to June 2019. Information pulled on 7/1/2020 ©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.
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.
ANNUAL AVERAGE SALES PRICE June 2020 YTD SPOKANE, WA Year-to-date average. Total shown in $Thousands. Information pulled on 7/1/2020
$300
$276 $251
$250 $200
$301
$169
$169
2011
2012
$179
$181
2013
2014
$191
$208
$223
$150 $100 $50 $0 2015
2016
2017
2018
2019
2020
June 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 Friday, July 10, 2020
AVERAGE DAYS ON MARKET June 2020 SPOKANE, WA Information pulled on 7/1/2020
70
2016
2017
2018
2019
2020
60
31
15
20
14
24
30
12
40
33
50
10 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
June 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 Friday, July 10, 2020
ACTIVE RESIDENTIAL LISTINGS June 2020 YTD SPOKANE, WA January 2020 reflects new system of contingent properties now reported as pending instead of active. Information pulled on 7/1/2020
2500 2016
2017
2018
2019
2020
2000
1500
543
597
626
503
457
500
793
1000
0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
June 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 Friday, July 10, 2020
June 2020
ACTIVE LISTINGS BY PRICE RANGE $300-$349 11%
June 2020 SPOKANE, WA
$250-$299 7%
Information pulled on 7/1/2020
PRICE RANGE
#
$0-$99,999
23
$100,000-$149,999
16
$150,000-$199,999
32
$200,000-$249,999
32
$250,000-$299,999
53
$300,000-$349,999
84
$350,000-$399,999
98
$400,000-$449,999
83
$450,000-$499,999
81
$500,000-$599,999
93
$600,000+
161
TOTAL
756
$400-$449 11%
$200-$249 4%
$150-$199 4% $450-$499 11%
$100-$149 2% $0-$99 3%
$500-$599 13% $600,000+ 21%
© 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
$350-$399 13%
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 Friday, July 10, 2020
RESIDENTIAL CLOSED SALES As of June 2020 SPOKANE, WA Total units closed per month. Information pulled on 7/1/2020
1000
2016
900
2019
2020
441
445
511
600
516
577
700
500
2018
693
800
2017
400 300 200 100 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
June 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 Friday, July 10, 2020
ANNUAL RESIDENTIAL SALES June 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 7/1/2020
2000
7894
8162
3225
3225
3254
3772
3541
3274
3150
2562
2490
2050
3000
1866
4000
4023
5000
4546
6000
5530
7000
5845
6915
8000
7596
9000
8267
10000
1000 0 2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
June 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 Friday, July 10, 2020
June 2020
SOLD LISTINGS BY PRICE RANGE $250-$299 18%
June 2020 $200-$249 17%
SPOKANE, WA Information pulled on 7/1/2020
PRICE RANGE
#
$0-$99,999
12
$100,000-$149,999
36
$150,000-$199,999
70
$200,000-$249,999
134
$250,000-$299,999
143
$300,000-$349,999
141
$350,000-$399,999
85
$400,000-$449,999
57
$450,000-$499,999
39
$500,000-$599,999
40
$600,000+
42
TOTAL
799
$300-$349 18%
$150-$199 9%
$100-$149 4% $0-$99 1%
$350-$399 11%
$600,000+ 5% $500-$599 5%
© 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
$450-$499 5%
$400-$449 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 Friday, July 10, 2020
RESIDENTIAL CLOSED SALES RE-SALE VS NEW construction June 2020 YTD SPOKANE, WA
1750
1843
1641
2000
2152
2500
2800
2260
2750
2877
2826
3000
2250
3208
New 2887
Re-Sale
3250
3365
Total units closed, annually and year-to-date. Information pulled on 7/1/2020
1500 1250
250
428
377
407
333
387
324
302
207
500
225
750
338
1000
0 2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
June 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 Friday, July 10, 2020
ANNUAL AVERAGE SALES PRICE RE-SALE vs NEW construction June 2020 YTD SPOKANE, WA
$170
2013
2014
$290
$370 $263
$349 $239
$317
$278
$286 $213
$169
2012
$198
$162
2011
$181
$268
$234
$161
$200
$225
$300
New
$247
Re-Sale
$400
$374
Total shown in $Thousands. Information pulled on 7/1/2020
$100 $0 2015
2016
2017
2018
2019
2020
June 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 1
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 Friday, July 10, 2020
AVERAGE PRICE PER SQUARE Foot RE-SALE VS NEW CONSTRUCTION SPOKANE, WA Information pulled on 7/6/2020
$176
$177
$178
$145
$145
Jan '20
$141
Dec '19
$174
Nov '19
$139
$128
Oct '19
$177
$169 $128
Sep '19
Feb '20
Mar '20
Apr '20
May '20
Jun '20
$133
$163
$166 $127
$171
Aug '19
$167
$130
$135
$128
$155
$132
$175
$128
$173
$195
New
$180
Re-Sale
$215
$115 $95 $75
Jul '19
June 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 Friday, July 10, 2020
ANNUAL NEW CONSTRUCTION SALES
COMPARISON NEW CONSTRUCTION SALES
June 2020 YTD
2019 VS 2020 YTD SPOKANE, WA
SPOKANE, WA
Total units closed. Information pulled on 7/1/2020
Total units closed. Information pulled on 7/1/2020
500 400
407
387 333
429 377
200
2019
170 150
300
94
100
50
100
91
78
200
0
198
2020
79
53 29
0
2016
2017
2018
2019
2020
West Plains
Spokane South
Spokane Valley
Spokane North
June 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 Friday, July 10, 2020
Building Permits SINGLE FAMILY vs MULTI-FAMILY June 2020 YTD SPOKANE, WA Total permits pulled YTD. Information pulled on 7/1/2020
1400
1308
Single Family
Multi-Family
1200 998
1000 818
800 600
829
748
781
710
776 636
594 398
400
291
200 0 2015
2016
2017
2018
2019
2020
June 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 4
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 Friday, July 10, 2020
June 2020
TWELVE MONTH SALES BY AREA JuLY 2019 THROUGH June 2020 TOTAL 7,715 SPOKANE, WA Information pulled on 7/1/2020
West Plains 7% Spokane South 21%
Spokane North 43%
Spokane Valley 29%
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 Friday, July 10, 2020
June 2020
Supply and demand 2nd quarter 2020 SPOKANE, WA
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 7/9/2020
Price Range
Residential Sold in Period
Residential Active Listings 7/9/20
Residential Listed in Period
Months of Inventory
DOM for Closed Sales
0 - $79,999 $80,000 - 99,999 $100,000- 119,999 $120,000- 139,999 $140,000- 159,999 $160,000- 179,999 $180,000 - 199,999 $200,000 - 219,999 $220,000 - 239,999 $240,000 - 259,999 $260,000 - 279,999 $280,000 - 299,999 $300,000 - 319,999 $320,000 - 339,999 $340,000 - 359,999 $360,000 - 379,999 $380,000 - 399,000 $400,000 - 419,999 $420,000 - 439,999 $440,000 - 459,999 $460,000 - 479,999 $480,000 - 499,999 $500,000 - 519,999 $520,000 - 539,999 $540,000 - 559,999 $560,000 - 579,999 $580,000 - 599,999 $600,000 - 619,999 $620,000 - 639,999 $640,000 - 659,999 $660,000 - 679,999 $680,000 - 699,999 $700,000 - 749,999 $750,000 - 799,999 $800,000 - 849,999 $850,000 - 899,999 $900,000 - 949,999 $950,000 - 999,999 $1000000 + Totals
13 21 37 66 93 163 201 224 253 280 296 240 225 243 167 147 122 91 89 61 41 39 33 22 32 21 18 12 7 16 10 4 12 3 4 4 2 1 4 3333
4 7 0 4 7 15 22 10 19 22 12 29 20 39 32 34 34 33 40 32 22 28 12 14 20 5 15 3 7 6 4 7 8 8 1 4 3 4 14 588
16 24 48 73 91 187 249 256 323 339 353 339 264 336 247 212 219 131 150 116 78 94 62 57 66 33 38 14 19 21 20 16 30 18 7 14 6 8 24 4593
1.8 2 0 0.36 2.2 0.54 0.65 0.26 0.45 0.47 0.24 0.72 0.53 0.96 1.1 1.4 1.67 2.2 2.7 3.1 3.2 4.3 2.2 3.8 3.7 1.4 5 1.5 6.3 2.3 2.4 10.6 4 16 1.5 6.1 9.1 25 21.2 1.1
27 34 21 19 23 15 13 15 12 12 17 14 20 27 28 23 31 18 31 22 33 24 32 33 27 27 32 71 36 49 10 183 63 33 21 93 32 9 50 20
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 6
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 Friday, July 10, 2020
Monthly MORTGAGE RATES 30-YEAR FIXED MORTGAGE SPOKANE, WA Information pulled on 7/1/2020
3.90%
3.82% 3.75%
3.80%
3.75% 3.65%
3.70% 3.60%
3.69%
3.68%
3.72%
3.49%
3.50%
3.45%
3.40%
3.29%
3.30%
3.33% 3.23% 3.15%
3.20% 3.10% 3.00%
Jun '19
Jul '19
Aug '19
Sep '19
Oct '19
Nov '19
Dec '19
© 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 7
Jan '20
Feb '20
Mar '20
Apr '20
May '20 June '20
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 Friday, July 10, 2020
Market report June 2020
CBSP OKANE.COM
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.