Page 1

T R I - C I T I E S

R E A L

E S TAT E

MONTHLY REPORT | SEPTEMBER 2019 PUBLISHED THE MONTH OF OCTOBER 2019

©2019 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 TAT E

SEPTEMBER 2019 YTD

2000

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

1500

2978

3035

3995 2883

3926 2944

2448

3010

3305 2432

3193 2073

2783 2047

2500

2727

3000

2457

3143

3500

3211

4000

2239

YEARLY RESIDENTIAL SALES

3921

4500

3957

MONTHLY REPORT | SEPTEMBER 2019

1000 Red represents January thru current report month for each year. Information pulled on 10-08-2019

500 0 2009

2010

2011

Report last modified on Wednesday, October 9, 2019 ©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.

2012

2013

2014

2015

2016

2017

2018

2019

PAGE 2 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 TAT E

MONTHLY REPORT | SEPTEMBER 2019

$350 $307

YEARLY AVERAGE SALES PRICE COMPARISON

$300

$332

$278 $254

$250 $200

SEPTEMBER 2019 YTD

$150

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

$100

$204

$208

$213

$217

$192

$199

2009

2010

2011

2012

2013

2014

$230

$50 Total shown in $Thousands. Information pulled on 10-08-2019

$0

Report last modified on Wednesday, October 9, 2019 ©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

2019

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 TAT E

MONTHLY REPORT | SEPTEMBER 2019

$181

$248

$225

ALL HOMES BUILT AFTER 2000 SEPTEMBER 2019 YTD KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

$150

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

YEARLY AVERAGE SALES PRICE COMPARISON ALL HOMES BUILT PRIOR 2000 SEPTEMBER 2019 YTD

2009

2010

2011

2012

2013

2014

$314

$292

$267

$253

$250

$0

$247

$300

$241

$50

$235

$350

$228

$100

$224

$400

$364

Total shown in $Thousands. Information pulled on 10-08-2019

$346

$171

$168

$164

$160

$161

$200

$155

$250

$203

$300

$275

YEARLY AVERAGE SALES PRICE COMPARISON

$200 $150 $100 $50 $0 2015

2016

2017

2018

2019

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND Total shown in $Thousands. Information pulled on 10-08-2019

Report last modified on Wednesday, October 9, 2019 ©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 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 TAT E

MONTHLY REPORT | SEPTEMBER 2019 West Richland, 267, 6%

Outlying Areas*, 288, 7%

TWELVE MONTH SALES BY AREA

Kennewick, 1435, 34%

Richland, 1059, 25%

OCTOBER 2018 THROUGH SEPTEMBER 2019 Pasco, 1175, 28%

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

TOTAL 4224 *Outlying areas consists of Benton City, Burbank, Connell, Eltopia, Finley, Grandview, Kahlotus, and Prosser. Information pulled on 10-08-2019

Total Homes

Total Homes

Total Homes

Sold Per Year

Sold Per Month

Sold Per Day

2019 2018

2978

331

11.03

3995

333

11.10

2017

3926

327

10.90

2016

3957

330

11.00

2015

3921

327

10.90

2014

3305

276

9.20

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

YEAR

AVERAGE NUMBER OF HOMES SOLD SEPTEMBER 2019 YTD KENNEWICK, PASCO, RICHLAND & WEST RICHLAND Information pulled on 10-08-2019

Report last modified on Wednesday, October 9, 2019 ©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 TAT E

MONTHLY REPORT | SEPTEMBER 2019

ACTIVE LISTINGS BY PRICE RANGE SEPTEMBER 2019

$300-$349 19%

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND Information pulled on 10-08-2019

$250-$299 16%

PRICE RANGE

#

$0-$99,999

0

$100,000-$149,999

1

$150,000-$199,999

14

$200,000-$249,999

62

$250,000-$299,999

104

$300,000-$349,999

124

$350,000-$399,999

94

$400,000-$449,999

72

$450,000-$499,999

62

$500,000-$599,999

65

$600,000+

63

TOTAL

$350-$399 14%

$200-$249 9%

$400-$449 11%

$150-$199 2%

$100-$149 0%

$0-$99 0%

$600,000+ 10% $500-$599 10%

$450-$499 9%

661

Report last modified on Wednesday, October 9, 2019 ©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 TAT E

MONTHLY REPORT | SEPTEMBER 2019 SOLD LISTINGS BY PRICE RANGE

PRICE RANGE $0-$99,999 $100,000-$149,999

$150,000-$199,999 $200,000-$249,999

SEPTEMBER 2019

$250,000-$299,999

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

$300,000-$349,999 $350,000-$399,999

Information pulled on 10-08-2019

$0-$99 0%

#

$400,000-$449,999 $450,000-$499,999 $500,000-$599,999 $600,000+ TOTAL

1 2 11 63 100 66 49 25 16 15 12 360

$250-$299 28% $200-$249 18%

$150-$199 3%

$300-$349 18%

$500-$599 4%

$100-$149 1% $600,000+ 3% $450-$499

$400-$449 7%

$350-$399 14%

4%

$0-$99 0%

$250-$299 21% $200-$249 12%

PRICE RANGE $0-$99,999

$300-$349 18%

$100,000-$149,999 $150,000-$199,999 $200,000-$249,999

$350-$399 17% $150-$199 5%

$450-$499 5%

$250,000-$299,999 $300,000-$349,999 $350,000-$399,999

$400-$449 10%

$400,000-$449,999 $450,000-$499,999 $500,000-$599,999

$600,000+ 4% $500-$599 7%

$600,000+

$100-$149 1%

Report last modified on Wednesday, October 9, 2019 ©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.

TOTAL

#

2 5 30 77 134 113 107 62 33 42 23 628

PENDING LISTINGS BY PRICE RANGE SEPTEMBER 2019 KENNEWICK, PASCO, RICHLAND & WEST RICHLAND Information pulled on 10-08-2019

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 TAT E

MONTHLY REPORT | SEPTEMBER 2019

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 SEPTEMBER 2019 KENNEWICK, PASCO, RICHLAND, WEST RICHLAND, BENTON CITY, BURBANK, CONNELL, ELTOPIA, FINLEY, GRANDVIEW, KAHLOTUS & PROSSER Information pulled on 10-08-2019

Report last modified on Wednesday, October 9, 2019 ©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.

$300-$309,999 $310-$319,999 $320-$329,999 $330-$339,999

$340-$349,999 $350-$359,999 $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 8

$600-$899,999 $900+ Totals

Number of Listings

Number of Pendings*

Absorption Ratio

Months of Supply

3 0 3 1 1 1 3 6 6 3 10 2 16 14 24 20 33 23 26 25 16 21 16 31 26 34 17 13 63 63 55 30 31 49 14 699

2 2 4 2 3 1 5 5 7 16 16 10 21 24 32 28 38 33 32 29 38 28 34 24 19 23 12 26 74 69 36 29 13 24 3 762

1.50 0.00 0.75 0.50 0.33 1.00 0.60 1.20 0.86 0.19 0.63 0.20 0.76 0.58 0.75 0.71 0.87 0.70 0.81 0.86 0.42 0.75 0.47 1.29 1.37 1.48 1.42 0.50 0.85 0.91 1.53 1.03 2.38 2.04 4.67 0.92

2 0 1 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 1 1 1 2 2 3 3 5 1


T R I - C I T I E S

R E A L

E S TAT E

MONTHLY REPORT | SEPTEMBER 2019 TRI-CITIES SALES ACTIVITY: NEW VS. RE-SALE SEPTEMBER 2019 YTD

140

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

127

120

Total Sales = 2978 New Home Sales Distribution

100

Information pulled on 10-08-2019

80

71 61

60

45

Kennewick 198 7%

40

20

19

17

13

7

0 West Richland

Richland Resale

Kennewick

Pasco

New Construction

Resale 2207 74%

New Construction 771 26%

Pasco 328 11% Richland 206 7%

SALES ACTIVITY: NEW VS. RE-SALES SEPTEMBER 2019 KENNEWICK, PASCO, RICHLAND & WEST RICHLAND Total Sales = 360 Information pulled on 10-08-2019

Report last modified on Wednesday, October 9, 2019 ©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.

West Richland 39 1% PAGE 9 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 TAT E

MONTHLY REPORT | SEPTEMBER 2019

CURRENT LISTING INVENTORY

250

NEW VS. RE-SALES

150

SEPTEMBER 2019

100

221

200

129 77

62

KENNEWICK, PASCO, RICHLAND & WEST RICHLAND

50

65

46

44 17

Total 661 471 Resale 190 New Construction

0

West Richland

Richland

Information pulled on 10-08-2019

Resale

Rambler w/ Bonus, 102, 4%

Kennewick

Pasco

New Construction

Other, 94, 3% Rambler w/ Basement, 268, 9%

Rambler, 1649, 55%

AVERAGE NUMBER OF HOMES SOLD

2 Story, 660, 22%

2 Story w/ Basement, 69, 2%

SEPTEMBER 2019 YTD KENNEWICK, PASCO, RICHLAND & WEST RICHLAND Information pulled on 10-08-2019

Tri-Level, 76, 3% Mid-Entry, 60, 2% Report last modified on Wednesday, October 9, 2019 ©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.


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.

©2019 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.

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