The Treasure Valley Report JUNE 2018
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 7/13/18 11:13 AM
Information pulled on 7/13/18
1
Yearly Residential Sales Ada County
12000
11048
11263
9553
10000 8124 8000
7963
7115
6000
5154
5683
6172
6498 5577
4000
2000
0 2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
JUNE 2018 YTD
MODIFIED ON 7/13/18 11:13 AM
Information pulled on 7/13/18
2
Yearly Residential Sales Canyon County
4807
5000
4542
4500 3996 4000 3500
3094
3000
3283 3054
3245
3471
2646
2500
2511
2217
2000 1500 1000 500 0 2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
JUNE 2018 YTD
MODIFIED ON 7/13/18 11:13 AM
Information pulled on 7/13/18
3
Monthly Average Sales Price Comparison 2017/2018 Ada County
$317,493
$311,860
$317,063
$313,252
$317,393
$369,439
$351,558 $300,000
$349,760 $293,131
$347,121 $287,412
$345,683
$310,940
$200,000
$297,990
$250,000
$274,577
$300,000
$331,570
$350,000
$314,605
$400,000
July
Aug
Sept
Oct
Nov
Dec
$150,000 $100,000 $50,000 $0 Jan 2017
Feb
Mar
Apr
May
June
2018
MODIFIED ON 7/13/18 11:13 AM
Information pulled on 7/13/18
4
Monthly Average Sales Price Comparison 2017/2018 Canyon County
Sept
$214,678
$210,837
Aug
$210,318
$210,198
July
$207,538
$210,297
$246,436 $208,132
$227,768
$200,000
$232,699
$198,462
$242,419
$219,001
$193,687
$150,000
$185,777
$200,000
$190,131
$224,072
$250,000
Oct
Nov
Dec
$100,000
$50,000
$0 Jan 2017
Feb
Mar
Apr
May
June
2018
MODIFIED ON 7/13/18 11:13 AM
Information pulled on 7/13/18
5
Active Listings by Price Range Ada County
$300,000-$399,999 434 $250,000-$299,999 235 PRICE RANGE
$400,000-$499,999 299
$200,000-$249,999 96 $160,000$199,999 13
$500,000-$699,999 186
$120,000-$159,999 2 $1,000,000+ 65
$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-$699,999 $700,000-$999,999 $1,000,000+ TOTAL
#
2 13 96 235 434 299 186 133 65 1463
$700,000-$999,999 133 AS OF JUNE 30, 2018
MODIFIED ON 7/13/18 11:13 AM
Information pulled on 7/13/18
6
Active Listings by Price Range Canyon County
$200,000-$249,999 108
$250,000-$299,999 139
$160,000-$199,999 47 $300,000-$399,999 121
$120,000-$159,999 23 $100,000-$119,999 2
PRICE RANGE
#
$100,000-$119,999 $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
2 23 47 108 139 121 68 49 557
$500,000+ 49 $400,000-$499,999 68
AS OF JUNE 30, 2018
MODIFIED ON 7/13/18 11:13 AM
Information pulled on 7/13/18
7
Sold Listings by Price Range Ada County
$250,000-$299,999 239 $300,000-$399,999 332
$200,000-$249,999 217
$160,000-$199,999 41 $400,000-$499,999 190
$120,000-$159,999 7
$1,000,000+ 14
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-$699,999 $700,000-$999,999 $1,000,000+ TOTAL
7 41 217 239 332 190 117 46 14
1203
$700,000-$999,999 46 $500,000-$699,999 117 JUNE 2018
MODIFIED ON 7/13/18 11:13 AM
Information pulled on 7/13/18
8
Sold Listings by Price Range Canyon County
$160,000-$199,999 151
$200,000-$249,999 133
$120,000-$159,999 44 $250,000-$299,999 78
$100,000-$119,999 13
$500,000+ 17
$400,000-$499,999 21
PRICE RANGE
#
$100,000-$119,999 $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
13 44 115 133 78 63 21 17
484
$300,000-$399,999 63
JUNE 2018
MODIFIED ON 7/13/18 11:13 AM
Information pulled on 7/13/18
9
Absorption Rate Current Inventory, Ada & Canyon Counties
25
25 20 15
9
10 5 0
0
0
0
0
0
0
0
1
1
2
2
3
2
4
2
5
11
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 2018 YTD
MODIFIED ON 7/13/18 11:13 AM
Information pulled on 7/13/18
10
Sales Activity: Resale vs. New Construction Ada County / Canyon County
New Construction, 99, 20%
New Construction, 305, 25%
Resale, 898, 75% Resale, 392, 80%
Canyon County
Ada County
JUNE 2018 YTD
MODIFIED ON 7/13/18 11:13 AM
Information pulled on 7/13/18
11
Resale vs. New Construction Inventory Ada County
1400 1228
1226
1200
1199 1068
1000 814 800 600
724
829
797
848
840
816
761
711
689
582 424
489
647 562
704
679 600
583
647
400 200 0
Resale
New Construction
2017/2018
MODIFIED ON 7/13/18 11:13 AM
Information pulled on 7/13/18
12
Resale vs. New Construction Inventory Canyon County
600
597
579
584 525
500 428 400
300
354 301
309
394
383 346
326
330
328 252
308 242
289
339
312 267 196
200
184
197
100 0
Resale
New Construction
2017/2018
MODIFIED ON 7/13/18 11:13 AM
Information pulled on 7/13/18
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 7/13/18 11:13 AM
Information pulled on 7/13/18
14