The Treasure Valley Report JUNE 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 7/17/19 1:45 PM
Information pulled on 7/17/19
1
Yearly Residential Sales Ada County
12000
11048
11263
11559
9553
10000 8124 8000
7963
7115 5683
6000
6172
6498 5502
4000
2000
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
JUNE 2019 YTD
MODIFIED ON 7/17/19 1:45 PM
Information pulled on 7/17/19
2
Yearly Residential Sales Canyon County
6000 5155 4807
5000
4542 3996
4000 3094 3000
3283
3054
3245
3471
2646 2556
2000
1000
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
JUNE 2019 YTD
MODIFIED ON 7/17/19 1:45 PM
Information pulled on 7/17/19
3
Monthly Average Sales Price Comparison 2018/2019 Ada County
$450,000
Sept
Oct
Nov
$370,932
$357,401
Aug
$362,203
July
$357,554
$375,106
$403,050
$369,439
$390,707
$351,558
$377,656
$349,760
$385,097
$347,121
$367,954
$365,834
$250,000
$345,683
$300,000
$331,570
$350,000
$367,214
$400,000
$200,000 $150,000 $100,000 $50,000 $0 Jan 2018
Feb
Mar
Apr
May
June
2019
MODIFIED ON 7/17/19 1:45 PM
Information pulled on 7/17/19
Dec
4
Monthly Average Sales Price Comparison 2018/2019 Canyon County
$242,523
$246,407
$247,756
$255,791
$243,555
$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 7/17/19 1:45 PM
Information pulled on 7/17/19
Sept
5
Active Listings by Price Range Ada County
$300,000-$399,999 568
$400,000-$499,999 384
$250,000-$299,999 185
PRICE RANGE
$200,000$249,999 27
$500,000-$699,999 304
$160,000-$199,999 7
$1,000,000+ 99
$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 27 185 568 384 304 140 99 1714
$700,000-$999,999 140
AS OF JUNE 30, 2019
MODIFIED ON 7/17/19 1:45 PM
Information pulled on 7/17/19
6
Active Listings by Price Range Canyon County
$250,000-$299,999 190
$200,000-$249,999 102 $300,000-$399,999 195 $160,000-$199,999 27
$120,000-$159,999 9
$500,000+ 68
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
9 27 102 190 195 70 68 661
$400,000-$499,999 70
AS OF JUNE 30, 2019
MODIFIED ON 7/17/19 1:45 PM
Information pulled on 7/17/19
7
Sold Listings by Price Range Ada County
$250,000-$299,999 259
$300,000-$399,999 349
$200,000-$249,999 82
$400,000-$499,999 194
$160,000-$199,999 5
$1,000,000+ 16
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
5 82 259 349 194 169 42 16
1116
$700,000-$999,999 42 $500,000-$699,999 169 JUNE 2019
MODIFIED ON 7/17/19 1:45 PM
Information pulled on 7/17/19
8
Sold Listings by Price Range Canyon County
$160,000-$199,999 208
$250,000-$299,999 108 $160,000-$199,999 56
$300,000-$399,999 84 $120,000-$159,999 9
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
9 56 208 108 84 41 14
520
$500,000+ 14 $400,000-$499,999 41
JUNE 2019
MODIFIED ON 7/17/19 1:45 PM
Information pulled on 7/17/19
9
Absorption Rate Current Inventory, Ada & Canyon Counties
25
25 20
18
15 9
10 5 0
3
0
1
0
0
1
1
2
2
3
3
3
3
5
Ada Canyon
5
“Absorption rate” refers to the number of months it would take to sell the present inventory if no new listings came on the market. JUNE 2019 YTD
MODIFIED ON 7/17/19 1:45 PM
Information pulled on 7/17/19
10
Sales Activity: Resale vs. New Construction Ada County / Canyon County
New Construction, 285, 26%
New Construction, 146, 28%
Resale, 376, 72%
Resale, 831, 74%
Canyon County
Ada County
2019 YTD
MODIFIED ON 7/17/19 1:45 PM
Information pulled on 7/17/19
11
Resale vs. New Construction Inventory Ada County
1200 1005
1000
930
879
874
817
774
800 668 600
879 889
885
862
1003
977
700
754 669
503
488
727 718
737
838
773
516
400
200
0
Resale
New Construction
2018/2019
MODIFIED ON 7/17/19 1:45 PM
Information pulled on 7/17/19
12
Resale vs. New Construction Inventory Canyon County
500 450
470
454
426
408
381
400 350 286
300
313
301
336
320 285
358
276
277
356
332 297
321
379 341 311
280
250 200
167
195
150 100 50 0
Resale
New Construction
2018/2019
MODIFIED ON 7/17/19 1:45 PM
Information pulled on 7/17/19
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 7/17/19 1:45 PM
Information pulled on 7/17/19
14