The Treasure Valley Report OCTOBER 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 11/8/19 2:10 PM
Information pulled on 11/8/19
1
Yearly Residential Sales Ada County
12000
11048
11263
11559
9779
9553
10000 8124
8000 5683
6000
6172
6498
7963
7115
4000
2000
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
OCTOBER 2019 YTD
MODIFIED ON 11/8/19 2:10 PM
Information pulled on 11/8/19
2
Yearly Residential Sales Canyon County
6000 5155 5000
4542
4807
4578
3996
4000 3094 3000
3283
3054
3245
3471
2646
2000
1000
0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
OCTOBER 2019 YTD
MODIFIED ON 11/8/19 2:10 PM
Information pulled on 11/8/19
3
Monthly Average Sales Price Comparison 2018/2019 Ada County
$250,000
$370,932
$357,401
$397,480
$362,203
$403,116
$357,554
$375,106
$390,792
$365,834
$403,050
$369,439
$390,707
$351,558
$377,656
$349,760
$385,097
$347,121
$367,954
$345,683
$300,000
$331,570
$350,000
$367,214
$400,000
$405,035
$450,000
$200,000 $150,000 $100,000 $50,000 $0 Jan 2018
Feb
Mar
Apr
May
June
2019
MODIFIED ON 11/8/19 2:10 PM
July
Aug
Information pulled on 11/8/19
Sept
Oct
Nov
Dec
4
Monthly Average Sales Price Comparison 2018/2019 Canyon County
$246,407
$247,756
$282,075
$242,523
$280,728
$255,791
$282,939
$243,555
$278,140
$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
Nov
Dec
$150,000
$100,000
$50,000
$0 Jan 2018
Feb
Mar
Apr
May
June
July
Aug
2019
MODIFIED ON 11/8/19 2:10 PM
Information pulled on 11/8/19
Sept
Oct
5
Active Listings by Price Range Ada County
$300,000-$399,999 584
$400,000-$499,999 356
$250,000-$299,999 188
$200,000$249,999 34
$500,000-$699,999 314
$160,000-$199,999 3
$1,000,000+ 82
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
#
3 34 188 584 356 314 124 82 1685
$700,000-$999,999 124
AS OF OCTOBER 31, 2019
MODIFIED ON 11/8/19 2:10 PM
Information pulled on 11/8/19
6
Active Listings by Price Range Canyon County
$250,000-$299,999 265
$200,000-$249,999 137 $300,000-$399,999 241 $160,000-$199,999 29
$120,000-$159,999 6
$500,000+ 70
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
6 29 137 265 241 102 70 850
$400,000-$499,999 102
AS OF OCTOBER 31, 2019
MODIFIED ON 11/8/19 2:10 PM
Information pulled on 11/8/19
7
Sold Listings by Price Range Ada County
$300,000-$399,999 322
$250,000-$299,999 239
$200,000-$249,999 81
$400,000-$499,999 174
$160,000-$199,999 10
$1,000,000+ 13
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
10 81 239 322 174 143 36 13
1018
$700,000-$999,999 36 $500,000-$699,999 143 OCTOBER 2019
MODIFIED ON 11/8/19 2:10 PM
Information pulled on 11/8/19
8
Sold Listings by Price Range Canyon County
$250,000-$299,999 103
$200,000-$249,999 162
$160,000-$199,999 46
$300,000-$399,999 108 $120,000-$159,999 12
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
12 46 148 103 108 27 14
458
$500,000+ 14 $400,000-$499,999 27
OCTOBER 2019
MODIFIED ON 11/8/19 2:10 PM
Information pulled on 11/8/19
9
Absorption Rate Current Inventory, Ada & Canyon Counties
25
25 20 15
Ada 10
10 5 0
0
1
$200-$249,999
1
3
$250-$299,999
2
3
2
$300-$399,999
4
$400-$499,999
3
5
$500-$699,999
“Absorption rate” refers to the number of months it would take to sell the present inventory if no new listings came on the market.
MODIFIED ON 11/8/19 2:10 PM
4
$700-$999,999
Canyon
7
$1,000,000+
OCTOBER 2019 YTD
Information pulled on 11/8/19
10
Sales Activity: Resale vs. New Construction Ada County / Canyon County
New Construction, 137, 30%
New Construction, 307, 30%
Resale, 714, 70%
Resale, 327, 70%
Canyon County
Ada County
2019 YTD
MODIFIED ON 11/8/19 2:10 PM
Information pulled on 11/8/19
11
Resale vs. New Construction Inventory Ada County
1200 977
1000
1003 879
874 800 600
817
700
754 669
503
488
727 718
737
773
919 838
913
898 807
782
912
877 774
516
400 200 0
Resale
New Construction
2018/2019
MODIFIED ON 11/8/19 2:10 PM
Information pulled on 11/8/19
12
Resale vs. New Construction Inventory Canyon County
483
500 450 400 350 300
433
414 381 301
336
320 285
358
276
277
356
332 297
321
472 411
412
379 341 311
323
315
280
250 200 150 100 50 0
Resale
New Construction
2018/2019
MODIFIED ON 11/8/19 2:10 PM
Information pulled on 11/8/19
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 11/8/19 2:10 PM
Information pulled on 11/8/19
14