The Treasure Valley Report AUGUST 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 9/13/18 11:26 AM
Information pulled on 9/12/18
1
Yearly Residential Sales Ada County
12000
11048
11263
9553
10000 8124 8000
7938
7963
7115
6000
5154
5683
6172
6498
4000
2000
0 2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
AUGUST 2018 YTD
MODIFIED ON 9/13/18 11:26 AM
Information pulled on 9/12/18
2
Yearly Residential Sales Canyon County
4807
5000
4542
4500 3996 4000 3500
3094
3000
3283 3054
3245
3543
3471
2646
2500
2217
2000 1500 1000 500 0 2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
AUGUST 2018 YTD
MODIFIED ON 9/13/18 11:26 AM
Information pulled on 9/12/18
3
Monthly Average Sales Price Comparison 2017/2018 Ada County
$375,106 $317,493
$311,860
$317,063
$313,252
$317,393
$365,834
$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 9/13/18 11:26 AM
Information pulled on 9/12/18
4
Monthly Average Sales Price Comparison 2017/2018 Canyon County
$210,318
$214,678
Aug
$207,538
July
$210,837
$210,198
$251,929 $210,297
$246,436 $208,132
$227,768
$200,000
$232,699
$198,462
$242,419 $193,687
$219,001
$190,131
$150,000
$185,777
$200,000
$224,072
$250,000
$243,555
$300,000
Sept
Oct
Nov
Dec
$100,000
$50,000
$0 Jan 2017
Feb
Mar
Apr
May
June
2018
MODIFIED ON 9/13/18 11:26 AM
Information pulled on 9/12/18
5
Active Listings by Price Range Ada County
$300,000-$399,999 562 $250,000-$299,999 269 PRICE RANGE
$200,000-$249,999 133 $400,000-$499,999 287
$160,000$199,999 21 $500,000-$699,999 204 $120,000-$159,999 8 $1,000,000+ 61
$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
#
8 21 133 269 562 287 204 114 61 1659
$700,000-$999,999 114
AS OF AUGUST 31, 2018
MODIFIED ON 9/13/18 11:26 AM
Information pulled on 9/12/18
6
Active Listings by Price Range Canyon County
$200,000-$249,999 117
$250,000-$299,999 145
$160,000-$199,999 53 $300,000-$399,999 132 $120,000-$159,999 17 $100,000-$119,999 3
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
3 17 53 117 145 132 65 58 590
$500,000+ 58 $400,000-$499,999 65
AS OF AUGUST 31, 2018
MODIFIED ON 9/13/18 11:26 AM
Information pulled on 9/12/18
7
Sold Listings by Price Range Ada County
$250,000-$299,999 237 $300,000-$399,999 336
$200,000-$249,999 174
$160,000-$199,999 36 $400,000-$499,999 177
$120,000-$159,999 1 $1,000,000+ 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-$699,999 $700,000-$999,999 $1,000,000+ TOTAL
1 36 174 237 336 177 120 50 9
1140
$700,000-$999,999 50 $500,000-$699,999 120 AUGUST 2018
MODIFIED ON 9/13/18 11:26 AM
Information pulled on 9/12/18
8
Sold Listings by Price Range Canyon County
$160,000-$199,999 124
$200,000-$249,999 160
$120,000-$159,999 38
$100,000-$119,999 5
$250,000-$299,999 75
$500,000+ 12 $400,000-$499,999 19
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
5 38 124 160 75 59 19 12
492
$300,000-$399,999 59
AUGUST 2018
MODIFIED ON 9/13/18 11:26 AM
Information pulled on 9/12/18
9
Absorption Rate Current Inventory, Ada & Canyon Counties
12
12 10 8
6
6 4 2 0
7
0
0
1
0
0
0
1
1
1
2
2
3
4 2
Ada Canyon
2
3
0
“Absorption rate” refers to the number of months it would take to sell the present inventory if no new listings came on the market. AUGUST 2018 YTD
MODIFIED ON 9/13/18 11:26 AM
Information pulled on 9/12/18
10
Sales Activity: Resale vs. New Construction Ada County / Canyon County
New Construction, 84, 17%
New Construction, 302, 26%
Resale, 841, 74% Resale, 418, 83%
Canyon County
Ada County
AUGUST 2018 YTD
MODIFIED ON 9/13/18 11:26 AM
Information pulled on 9/12/18
11
Resale vs. New Construction Inventory Ada County
1200
1199 1068
1000 814 800
600
829
797
848
840
816
761 689 582
647
704
679
562
600
885
862
774 647
668
583
489 424
400
200
0
Resale
New Construction
2017/2018
MODIFIED ON 9/13/18 11:26 AM
Information pulled on 9/12/18
12
Resale vs. New Construction Inventory Canyon County
600
584 525
500 428 400
300
354
383 346
326
330
328 252
308 242
289
426
408
394 339
312 267 196
200
184
197 167
195
100 0
Resale
New Construction
2017/2018
MODIFIED ON 9/13/18 11:26 AM
Information pulled on 9/12/18
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 9/13/18 11:26 AM
Information pulled on 9/12/18
14