May 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 May 2020
$309K
12
AVERAGE SALES PRICE
Days on market
631
501
CURRENT LISTING INVENTORY
Closed Sales
May 2020, as compared to May 2019. Information pulled on 6/1/2020 ©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 May 2020 YTD SPOKANE, WA Year-to-date average. Total shown in $Thousands. Information pulled on 6/10/2020
$300
$272 $246
$250 $200
$299
$166
$166
2011
2012
$175
$178
2013
2014
$187
$205
$219
$150 $100 $50 $0 2015
2016
2017
2018
2019
2020
May 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, June 15, 2020
AVERAGE DAYS ON MARKET May 2020 SPOKANE, WA Information pulled on 6/10/2020
80
2016
2017
2018
2019
2020
70 60 50 40 30 20 10 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
May 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, June 15, 2020
ACTIVE RESIDENTIAL LISTINGS May 2020 YTD SPOKANE, WA January 2020 reflects new system of contingent properties now reported as pending instead of active. Information pulled on 6/1/2020
2500 2016
2017
2018
2019
2020
2000
1500
1000
500
0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
May 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, June 15, 2020
May 2020
ACTIVE LISTINGS BY PRICE RANGE May 2020
$250-$299 9%
SPOKANE, WA
$300-$349 11%
$350-$399 13%
Information pulled on 6/1/2020
PRICE RANGE
#
$0-$99,999
27
$100,000-$149,999
11
$150,000-$199,999
38
$200,000-$249,999
56
$250,000-$299,999
75
$300,000-$349,999
87
$350,000-$399,999
107
$400,000-$449,999
84
$450,000-$499,999
77
$500,000-$599,999
86
$600,000+
150
TOTAL
798
$200-$249 7%
$400-$449 11%
$150-$199 5% $100-$149 1%
$450-$499 10%
$0-$99 3%
$600,000+ 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 | 6
$500-$599 11%
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, June 15, 2020
RESIDENTIAL CLOSED SALES As of May 2020 SPOKANE, WA Total units closed per month. Information pulled on 6/10/2020
1000
2016
900
2017
2018
2019
2020
800 700 600 500 400 300 200 100 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
May 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, June 15, 2020
ANNUAL RESIDENTIAL SALES May 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 6/10/2020
2515
2515
2490
7894 2850
2588
8162 2478
2380
1959
5845 1988
2000
1598
3000
1400
4000
4023
5000
4546
6000
5530
7000
6915
8000
7596
9000
8267
10000
1000 0 2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
May 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, June 15, 2020
May 2020
SOLD LISTINGS BY PRICE RANGE May 2020
$200-$249 17%
SPOKANE, WA Information pulled on 6/10/2020
PRICE RANGE
#
$0-$99,999
15
$100,000-$149,999
25
$150,000-$199,999
54
$200,000-$249,999
101
$250,000-$299,999
120
$300,000-$349,999
90
$350,000-$399,999
69
$400,000-$449,999
50
$450,000-$499,999
24
$500,000-$599,999
25
$600,000+
36
TOTAL
609
$300-$349 15%
$150-$199 9%
$100-$149 4% $0-$99 2%
$350-$399 11% $600,000+ 6% $500-$599 4%
© 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 20%
$450-$499 4%
$400-$449 8%
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, June 15, 2020
RESIDENTIAL CLOSED SALES RE-SALE VS NEW construction May 2020 YTD SPOKANE, WA
1250
1234
1500
2152
1426
1750
2178
2137 1699
2000
1719
2250
2323
New 2162
Re-Sale
2500
2539
Total units closed, annually and year-to-date. Information pulled on 6/10/2020
1000 363
312
311
265
316
243
289
240
250
172
500
166
750
0 2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
May 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, June 15, 2020
ANNUAL AVERAGE SALES PRICE RE-SALE vs NEW construction May 2020 YTD SPOKANE, WA
$163
$166
$176
2012
2013
2014
2015
$286
$371 $258
$349 $233
$311
$283 $208
$158
2011
$194
$278
$268
$230
$159
$200
$222
$300
New
$246
Re-Sale
$400
$375
Total shown in $Thousands. Information pulled on 6/10/2020
$100 $0 2016
2017
2018
2019
2020
May 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 Monday, June 15, 2020
AVERAGE PRICE PER SQUARE Foot RE-SALE VS NEW CONSTRUCTION SPOKANE, WA Information pulled on 6/10/2020
$177
Feb '20
Mar '20
Apr '20
May '20
$133
$145
$176
Jan '20
$141
Dec '19
$174
Nov '19
$139
$128
Oct '19
$177
$169 $128
Sep '19
$163
$166 $127
$171
Aug '19
$167
$130
Jul '19
$128
Jun '19
$128
$165 $132
$135
$130
$175 $155
$173
$195
New $180
Re-Sale
$215
$115 $95 $75
May 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, June 15, 2020
ANNUAL NEW CONSTRUCTION SALES
COMPARISON NEW CONSTRUCTION SALES
May 2020 YTD
2019 VS 2020 YTD SPOKANE, WA
SPOKANE, WA
Total units closed. Information pulled on 6/10/2020
Total units closed. Information pulled on 6/10/2020
400 350
363 316
300
311
312
160
2019
140 120
265
100
250 200
51
60
150
40
100 50
20
0
0
2017
2018
2019
2020
78
76
80
2016
151 160
2020
71
51
25
West Plains
Spokane South
Spokane Valley
Spokane North
May 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, June 15, 2020
May 2020
TWELVE MONTH SALES BY AREA June 2019 THROUGH May 2020 TOTAL 7,721 SPOKANE, WA Information pulled on 6/10/2020
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 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 Monday, June 15, 2020
MAY 2020
Supply and demand MAY 2020 YTD SPOKANE, WA
Information pulled on 6/1/2020
Price Range
Residential Sold in Period
Residential Active Listings 5/31/20
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 10 30 49 58 136 157 161 183 201 228 190 163 189 120 106 86 63 72 37 30 33 24 22 25 17 16 9 8 11 6 4 10 4 5 3 0 2 3 2484
6 7 4 8 5 11 25 16 30 33 24 23 17 37 40 33 42 25 36 28 25 24 13 23 18 13 15 3 6 5 3 4 10 5 2 7 1 5 22 650
16 14 32 54 61 160 224 198 266 261 294 261 308 248 189 172 165 104 112 95 67 71 52 51 54 32 34 11 12 18 18 11 27 13 5 9 4 8 24 3656
2.3 3.5 0.66 0.82 0.25 0.4 0.8 0.5 0.82 0.82 0.52 0.6 0.52 0.98 1.66 1.55 2.4 1.98 2.5 3.7 4.1 3.6 2.7 5.2 3.6 3.8 4.7 1.66 3.75 2.27 2.5 5 5 6.25 2 11.6 0 12.5 36.6 1.3
27 32 34 41 33 16 14 16 15 12 19 15 24 31 30 29 38 18 33 30 42 27 36 29 34 33 35 68 54 52 9 183 69 14 47 104 0 12 28 24
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, June 15, 2020
Monthly MORTGAGE RATES 30-YEAR FIXED MORTGAGE SPOKANE, WA Information pulled on 6/1/2020
3.90%
3.82%
3.80%
3.75%
3.75%
3.70%
3.65%
3.69%
3.68%
3.72%
3.60% 3.49%
3.50%
3.45%
3.40% 3.29%
3.30% 3.20%
3.33% 3.23%
Jun '19
Jul '19
Aug '19
Sep '19
Oct '19
Nov '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 6
Dec '19
Jan '20
Feb '20
Mar '20
Apr '20
May '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 Monday, June 15, 2020
Market report May 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.