September 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 September 2020
$333K
16
AVERAGE SALES PRICE
Days on market
478
778
CURRENT LISTING INVENTORY
Closed Sales
September 2020, as compared to September 2019. Information pulled on 10/8/2020 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 September 2020 YTD SPOKANE, WA Year-to-date average. Total shown in $Thousands. Information pulled on 10/1/2020
$350 $283
$300
$255
$250 $200
$315
$169
$175
$183
2011
2012
2013
$186
2014
$197
$213
$228
$150 $100 $50 $0 2015
2016
2017
2018
2019
2020
September 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 Thursday, October 1, 2020
AVERAGE DAYS ON MARKET September 2020 SPOKANE, WA Information pulled on 10/1/2020
70
2016
2017
2018
2019
2020
60
31
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
September 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 Thursday, October 1, 2020
ACTIVE RESIDENTIAL LISTINGS September 2020 YTD SPOKANE, WA January 2020 reflects new system of contingent properties now reported as pending instead of active. Information pulled on 10/1/2020
2500 2016
2017
2018
2019
2020
2000
1500
471
422
497
543
597
626
503
457
500
793
1000
0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
September 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 Thursday, October 1, 2020
September 2020
ACTIVE LISTINGS BY PRICE RANGE September 2020 SPOKANE, WA Information pulled on 10/1/2020
PRICE RANGE
#
$0-$149,999
31
$150,000-$199,999
38
$200,000-$249,999
47
$250,000-$299,999
61
$300,000-$349,999
55
$350,000-$399,999
79
$400,000-$449,999
68
$450,000-$499,999
63
$500,000-$599,999
57
$600,000-$799,999
72
$800,000-$999,999
34
$1,000,000+
43
TOTAL
648
$200-$249 7%
$300-$349 8% $250-$299 9%
$400-$449 11%
$450-$499 10%
$150-$199 6%
$0-$149 5%
$500-$599 9%
$1M+ 7% $800-$999 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 | 6
$350-$399 12%
$600-$799 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 Thursday, October 1, 2020
RESIDENTIAL CLOSED SALES As of September 2020 SPOKANE, WA Total units closed per month. Information pulled on 10/1/2020
1000
2018
2019
2020
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
September 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 Thursday, October 1, 2020
ANNUAL RESIDENTIAL SALES September 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 10/1/2020
3000
5735
5735
5758
7908 6322
6011
8162 5643
5277
4306
4189
4546 3340
4000
3020
5000
4023
6000
5530
7000
5845
6915
8000
7596
9000
8267
10000
2000 1000 0 2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
September 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 Thursday, October 1, 2020
September 2020
SOLD LISTINGS BY PRICE RANGE September 2020 SPOKANE, WA Information pulled on 10/1/2020
PRICE RANGE
#
$0-$149,999
27
$150,000-$199,999
65
$200,000-$249,999
122
$250,000-$299,999
149
$300,000-$349,999
160
$350,000-$399,999
114
$400,000-$449,999
61
$450,000-$499,999
42
$500,000-$599,999
64
$600,000-$699,999
23
$700,000-$999,999
33
$1,000,000+
3
TOTAL
863
$200-$249 14%
$300-$349 19%
$150-$199 8% $350-$399 13%
$0-$149 3% $1M+ 0%
$700-$999 4%
$600-$699 3%
© 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 7%
$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 Thursday, October 1, 2020
RESIDENTIAL CLOSED SALES RE-SALE VS NEW construction September 2020 YTD SPOKANE, WA
3668
4500
2652
3000
4999
2988
4000 3500
3836
5000
5124
4753
5500
5466
New 5019
Re-Sale
6000
5690
Total units closed, annually and year-to-date. Information pulled on 10/1/2020
2500
634
632
545
624
524
470
521
500
324
1000
368
1500
741
2000
0 2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
September 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 Thursday, October 1, 2020
ANNUAL AVERAGE SALES PRICE RE-SALE vs NEW construction September 2020 YTD SPOKANE, WA
$176
2013
2014
$305
$374 $272
$348 $244
$319
$279
$288 $219
$173
2012
$203
$168
2011
$188
$269
$240
$161
$200
$227
$300
New
$251
Re-Sale
$400
$383
Total shown in $Thousands. Information pulled on 10/1/2020
$100 $0 2015
2016
2017
2018
2019
2020
September 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 Thursday, October 1, 2020
AVERAGE PRICE PER SQUARE Foot RE-SALE VS NEW CONSTRUCTION SPOKANE, WA Information pulled on 10/9/2020
$195
Jun '20
$155
May '20
$181
Apr '20
$155
Mar '20
$189
$178 $145
Feb '20
$149
$177 $145
Jan '20
$176
Dec '19
$141
Nov '19
$174
$128
$135
$139
$128
$155
$177
$169
$127
Oct '19
$175
$163
$166
$130
$171
$195
New
$133
Re-Sale
$215
Aug '20
Sep '20
$115 $95 $75
Jul '20
September 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 Thursday, October 1, 2020
ANNUAL NEW CONSTRUCTION SALES
COMPARISON NEW CONSTRUCTION SALES
September 2020 YTD
2019 VS 2020 YTD SPOKANE, WA
SPOKANE, WA
Total units closed. Information pulled on 10/1/2020
Total units closed. Information pulled on 10/1/2020
800 700
742 632
624
634
500
250
400
200
300
150
200
100
100
50
0
0
2016
2017
2018
2019
2019
355
2020
350 289
300
545
600
400
2020
142
147 136
131 86
52
West Plains
Spokane South
Spokane Valley
Spokane North
September 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 Thursday, October 1, 2020
September 2020
Supply and demand 3rd 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 10/7/2020
Price Range
Residential Sold in Period
Residential Active Listings 10/7/20
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
19 32 65 95 129 244 313 358 416 486 486 450 398 437 322 297 240 181 170 128 89 75 71 60 57 37 40 23 20 22 22 17 28 13 10 9 3 2 11 5,871
0 2 1 5 6 9 8 7 10 29 23 29 22 24 23 23 32 15 27 26 15 20 3 9 10 5 10 4 5 3 6 3 6 7 3 5 2 4 13 445
19 31 67 107 136 272 358 383 483 553 569 570 459 537 441 380 347 235 249 203 136 134 94 96 84 53 58 32 33 33 34 30 56 35 14 17 7 11 42 7,398
0 0.56 0.13 0.47 0.41 0.33 0.23 0.17 0.21 0.53 0.42 0.58 0.49 0.49 0.64 0.69 1.2 0.74 1.4 1.8 1.5 2.4 0.38 1.3 1.6 1.2 2.3 1.6 2.3 1.2 2.5 1.6 1.9 4.8 2.7 5 6 18 10.6 0.68
27 33 22 17 18 13 12 12 11 11 14 12 16 22 22 23 30 20 29 21 28 28 33 38 35 18 35 48 23 44 37 52 35 23 32 48 75 12 30 19
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 Wednesday, October 7, 2020
Monthly MORTGAGE RATES 30-YEAR FIXED MORTGAGE SPOKANE, WA Presented by Directors Mortgage Information pulled on 10/1/2020
3.75% 3.55%
3.65%
3.69%
3.68%
3.72%
3.49%
3.45% 3.29%
3.35%
3.33% 3.23%
3.15%
3.15% 2.99%
2.95% 2.75%
Sep '19
Oct '19
Nov '19
Dec '19
Jan '20
Feb '20
Mar '20
Apr '20
May '20 June '20 July '20
2.91%
Aug '20
2.88%
Sep '20
September 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 Friday, October 9, 2020
Market report September 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.