Page 1

T R I - C I T I E S

R E A L

E S T A T E

MONTHLY REPORT | SEPTEMBER 2018 PUBLISHED THE MONTH OF OCTOBER 2018

©2018 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.


T R I - C I T I E S

R E A L

E S T A T E

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

3018

3926 2883

3010 2448

2944

3921 3305

3193 2432

2073

2783

2727

3211

3143 2457

2500

2239

3000

2245

3500

2047

SEPTEMBER 2018 YTD

4000

2846

YEARLY RESIDENTIAL SALES

4500

3957

MONTHLY REPORT | SEPTEMBER 2018

2000 1500 1000

Red represents January thru current report month for each year. Information pulled on 10-10-2018

500 0 2008

2009

2010

Report last modified on Thursday, October 11, 2018 ©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.

2011

2012

2013

2014

2015

2016

2017

2018

PAGE 3 The information in this report is compiled from a report given by the Tri-City Association of REALTOR®’s and to the best of our knowledge is accurate and current.


T R I - C I T I E S

R E A L

E S T A T E

MONTHLY REPORT | SEPTEMBER 2018

YEARLY AVERAGE SALES PRICE COMPARISON SEPTEMBER 2018 YTD KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

Total shown in $Thousands. Information pulled on 10-10-2018

$350

$308

$300 $250 $200

$194

$192

$199

$204

2008

2009

2010

2011

$208

$213

$217

2012

2013

2014

$230

$254

$278

$150 $100 $50 $0

Report last modified on Thursday, October 11, 2018 ©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.

2015

2016

2017

2018

PAGE 4 The information in this report is compiled from a report given by the Tri-City Association of REALTOR®’s and to the best of our knowledge is accurate and current.


T R I - C I T I E S

R E A L

E S T A T E

MONTHLY REPORT | SEPTEMBER 2018 YEARLY AVERAGE SALES PRICE COMPARISON $248

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND Total shown in $Thousands. Information pulled on 10-10-2018

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

YEARLY AVERAGE SALES PRICE COMPARISON ALL HOMES BUILT PRIOR 2000 SEPTEMBER 2018 YTD

$250

$314

$292

$267

$253

$0

$247

$300

$241

$50

$235

$350

$228

$100

$224

$400

$347

$203

$171

$168

$164

$160

$161

SEPTEMBER 2018 YTD

$233

$150

$155

$200

$152

$250

$181

$300

$225

ALL HOMES BUILT AFTER 2000

$200 $150 $100 $50 $0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND Total shown in $Thousands. Information pulled on 10-10-2018

Report last modified on Thursday, October 11, 2018 ©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.

PAGE 5 The information in this report is compiled from a report given by the Tri-City Association of REALTOR®’s and to the best of our knowledge is accurate and current.


T R I - C I T I E S

R E A L

E S T A T E

MONTHLY REPORT | SEPTEMBER 2018 Outlying Areas*, 331, West Richland, 8% 281,

TWELVE MONTH SALES BY AREA

6% Richland, 1108, 25%

Kennewick, 1502, 34%

OCTOBER 2017 THROUGH SEPTEMBER 2018

Pasco, 1170, 27%

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

TOTAL 4392 *Outlying areas consists of Benton City, Burbank, Connell, Eltopia, Finley, Grandview, Kahlotus, and Prosser. Information pulled on 10-10-2018

YEAR

Total Homes

Total Homes

Total Homes

Sold Per Year

Sold Per Month

Sold Per Day

2018

3018

335

11.17

AVERAGE NUMBER OF HOMES SOLD

2017

3926

327

10.90

2016

3957

330

11.00

2015

3921

327

10.90

2014

3305

276

9.20

SEPTEMBER 2018 YTD

2013

3193

266

8.87

2012

2783

232

7.74

2011

2727

228

7.60

2010

3143

262

8.73

2009

3211

268

8.93

2008

2846

237

7.90

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND Information pulled on 10-10-2018

Report last modified on Thursday, October 11, 2018 ©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.

PAGE 6 The information in this report is compiled from a report given by the Tri-City Association of REALTOR®’s and to the best of our knowledge is accurate and current.


T R I - C I T I E S

R E A L

E S T A T E

MONTHLY REPORT | SEPTEMBER 2018 ACTIVE LISTINGS BY PRICE RANGE SEPTEMBER 2018 YTD

$300-$349 20%

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND Information pulled on 10-10-2018

$250-$299 16% PRICE RANGE

#

$0-$99,999

5

$100,000-$149,999

2

$150,000-$199,999

7

$200,000-$249,999

48

$250,000-$299,999

103

$300,000-$349,999

130

$350,000-$399,999

100

$400,000-$449,999

75

$450,000-$499,999

51

$500,000-$599,999

56

$600,000+

60

TOTAL

637

$350-$399 16%

$200-$249 8%

$400-$449 12%

$150-$199 1% $600,000+ 9% $100-$149 0%

$500-$599 9%

$450-$499 8%

$0-$99 1%

Report last modified on Thursday, October 11, 2018 ©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.

PAGE 7 The information in this report is compiled from a report given by the Tri-City Association of REALTOR®’s and to the best of our knowledge is accurate and current.


T R I - C I T I E S

R E A L

E S T A T E

MONTHLY REPORT | SEPTEMBER 2018 PRICE RANGE

#

$0-$99,999

3

$100,000-$149,999

7

$150,000-$199,999

24

$200,000-$249,999

72

$250,000-$299,999

72

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

$300,000-$349,999

40

$350,000-$399,999

28

Information pulled on 10-10-2018

$400,000-$449,999

29

$450,000-$499,999

14

$500,000-$599,999

13

SOLD LISTINGS BY PRICE RANGE SEPTEMBER 2018

$100-$149 2%

TOTAL

308

$300-$349 13% $400-$449 10%

$100-$149 1%

$200-$249 19% $150-$199 7%

$0-$99 0% $600,000+ 4%

$500-$599 7%

$300-$349 17%

$350-$399 12% $400-$449 8%

$450-$499 5%

Report last modified on Thursday, October 11, 2018 ©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.

$350-$399 9%

$600,000+ 2% $500-$599 4%

$250-$299 20%

$250-$299 23%

$150-$199 8%

$0-$99 1%

6

$600,000+

$200-$249 23%

$450-$499 5%

PRICE RANGE

#

$0-$99,999

2

$100,000-$149,999

5

$150,000-$199,999

30

$200,000-$249,999

89

$250,000-$299,999

94

$300,000-$349,999

79

$350,000-$399,999

57

$400,000-$449,999

35

$450,000-$499,999

25

$500,000-$599,999

31

$600,000+

16

TOTAL

PENDING LISTINGS BY PRICE RANGE SEPTEMBER 2018 KENNEWICK, PASCO, RICHLAND & WEST RICHLAND Information pulled on 10-10-2018

463

PAGE 8 The information in this report is compiled from a report given by the Tri-City Association of REALTOR®’s and to the best of our knowledge is accurate and current.


T R I - C I T I E S

R E A L

E S T A T E

MONTHLY REPORT | SEPTEMBER 2018

Price Range

$ 0 -$99,999 $100-$109,999 $110-$119,999 $120-$129,999 $130-$139,999

$140-$149,999 $150-$159,999 $160-$169,999 $170-$179,999 $180-$189,999 $190-$199,999 $200-$209,999 $210-$219,999 $220-$229,999 $230-$239,999 $240-$249,999 $250-$259,999 $260-$269,999

$270-$279,999 $280-$289,999 $290-$299,999

ABSORPTION RATE

$300-$309,999

OCTOBER 2018

$330-$339,999

KENNEWICK, PASCO, RICHLAND, WEST RICHLAND, BENTON CITY, BURBANK, CONNELL, ELTOPPIA, FINLYE, GRANDVIEW, KAHLOTUS & PROSSER

$350-$359,999

Information pulled on 10-10-2018

Report last modified on Thursday, October 11, 2018 ©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.

$310-$319,999 $320-$329,999 $340-$349,999 $360-$369,999 $370-$399,999 $400-$449,999 $450-$499,999

$500-$549,999 $550-$599,999

The information in this report is compiled from a report given by the Tri-City Association of REALTOR®’s and to the best of our knowledge is accurate and current.

PAGE 9

$600-$899,999 $900+ Totals

Number of Listings

Number of Pendings*

Absorption Ratio

Months of Supply

19 4 1 2 3 4 1 3 5 7 7 11 18 13 26 24 33 20 34 16 35 20 38 29 25 31 30 23 81 98 71 43 42 59 20 896

13 0 1 5 4 3 6 11 16 16 19 14 20 33 31 31 24 21 23 18 30 20 23 10 21 14 14 11 36 36 27 15 21 19 0 606

1.46 2.00 1.00 0.40 0.75 1.33 0.17 0.27 0.31 0.44 0.37 0.79 0.90 0.39 0.84 0.77 1.38 0.95 1.48 0.89 1.17 1.00 1.65 2.90 1.19 2.21 2.14 2.09 2.25 2.72 2.63 2.87 2.00 3.11 0.00 1.48

2 2 1 1 1 2 1 1 1 1 1 1 1 1 1 1 2 1 2 1 2 1 2 3 2 3 3 3 3 3 3 3 2 4 Uknown 1


T R I - C I T I E S

R E A L

E S T A T E

MONTHLY REPORT | SEPTEMBER 2018 TRI-CITIES SALES ACTIVITY: NEW VS. RE-SALE

SEPTEMBER 2018 YTD

120

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

96

100

Total Sales = 3018 New Home Sales Distribution

80

Information pulled on 10-10-2018

63

61

60 40 20

Kennewick, 188, 6%

33 23

18

11 3

0 West Richland

Richland Resale

Kennewick

Pasco

New Construction

Resale, 2373, 79%

New Construction 645, 21%

Richland, 164, 6%

SALES ACTIVITY: NEW VS. RE-SALES SEPTEMBER 2018 KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

Pasco, 252, 8%

West Richland, 41, 1%

Total Sales = 308 Information pulled on 10-10-2018

Report last modified on Thursday, October 11, 2018 ©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.

PAGE 10 The information in this report is compiled from a report given by the Tri-City Association of REALTOR®’s and to the best of our knowledge is accurate and current.


T R I - C I T I E S

R E A L

E S T A T E

MONTHLY REPORT | SEPTEMBER 2018

CURRENT LISTING INVENTORY

160

NEW VS. RE-SALES

100

146

140 120

102

97

90

80

SEPTEMBER 2018

60

60

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

40

Total 637 336 Resale 301 New Construction

20

87

28

27

0 West Richland

Richland

Information pulled on 10-10-2018

Resale

Other, 88, 3%

Rambler w/ Bonus, 136, 5%

Rambler w/ Basement, 305, 10%

Rambler, 1587, 53%

2 Story, 638, 21%

2 Story w/ Basement, 68, 2%

Kennewick

Pasco

New Construction

AVERAGE NUMBER OF HOMES SOLD SEPTEMBER 2018 YTD KENNEWICK, PASCO, RICHLAND & WEST RICHLAND Information pulled on 10-10-2018

Tri-Level, 100, 3% Mid-Entry, 96, 3% Report last modified on Thursday, October 11, 2018 ©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.

PAGE 11 The information in this report is compiled from a report given by the Tri-City Association of REALTOR®’s and to the best of our knowledge is accurate and current.


The information in this report is compiled from a report given by the Tri-City Association of REALTOR®’s and to the best of our knowledge is accurate and current.

©2018 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.

September 2018 Tri-Cities Market Report  
September 2018 Tri-Cities Market Report  
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