MARKET AT A GLANCE JULY 2022
76102 CANYON MEADOWS DR | KENNEWICK, WA |
| MLS# 262966 TABLE OF CONTENTS // YEARLY AVERAGES // YEARLY RESIDENTIAL SALES // SALES ACTIVITY // 12 MONTH COMPARISONS // INVENTORY // ABSORPTION RATES || MARKET STATS
YEARLY AVERAGES SALES PRICE COMPARISON 2022 is YTD $476,498 $410,664 $216,270$227,280$247,639$270,189$299,658$324,085$348,375202020222021201920182017201620152014
YEARLY RESIDENTIAL SALES: Yearly Residential Sales 4423 8233 YTD Sales 8233 5893 0244 4841 7224 7234 4974 2274 6321 2014 2015 2016 2017 2018 2019 2020 2021 2022
Homes built prior to 1990 Homes built after 2010 - RESALE ONLY 2022 is YTD 2022 is YTD AVERAGE SALES $358,344 $312,485 $155,412$165,564$181,285$198,426$226,907$248,214$267,296202020222021201920182017201620152014 $471,174$517,395 $263,900$282,500$295,200$313,700$346,100$368,082$402,311202020222021201920182017201620152014
Homes built between 1991 and 2009 Homes built after 2010 - NEW CONSTRUCTION 2022 is YTD 2022 is YTD SALES PRICE $411,777$456,600 $227,094$236,707$258,939$279,727$299,294$327,478$348,339 $411,777$460,016 $227,094$236,707$258,939$279,727$299,294$327,478$348,339202020222021201920182017201620152014 $547,961 $279,400$290,000$315,000$332,500$365,355$385,120$453,654$380,600202020222021201920182017201620152014
LAST 12 MONTHS Outlying 419Areas9% West Richland 3938% Richland 125827% Kennewick 168435% Pasco101721%
NEW VS. RESALES Last 6 months (January 2022 - July 2022) R e s a l 1652e78% Kennewick152Pasco86Richland187 W. Richland42 N e w C o n s t r u c t i o n 22%467 251 68 781 4 2 276 663 264 152 Ke nnewick Pasco Richland WestRe-SaleNewRichlandConstruction
12 COMPARISONS:MONTH INVENTORY Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 389 348 375 419 451 548 626 648 674 614 537 468 2018 430 426 459 479 526 559 600 643 647 626 599 564 2019 494 437 426 439 490 497 563 662 694 695 633 564 2020 526 498 480 474 458 468 477 439 442 408 359 351 2021 282 230 168 161 155 197 250 328 365 384 399 338 2022 270 276 298 313 387 502 593 4003002001000500600700800
UNDERTOTALCONTRACTSSALES Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 211 205 336 337 372 412 363 419 377 360 349 369 2018 271 262 348 358 355 386 409 411 319 406 333 258 2019 246 246 276 313 325 441 415 428 379 415 345 359 2020 295 308 382 328 314 430 506 423 472 496 427 409 2021 303 310 382 390 409 452 436 418 430 408 361 403 2022 259 275 372 351 381 369 332 4003002001000500600 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 255 308 395 350 429 377 405 376 316 357 342 260 2018 322 316 395 356 426 384 402 369 347 340 260 234 2019 328 249 397 402 450 425 424 417 407 380 308 247 2020 340 427 391 324 445 464 466 503 458 452 338 259 2021 387 374 464 362 427 364 391 418 385 408 359 266 2022 298 342 375 373 374 309 339 4003002001000500600
PRICE BREAKDOWN INVENTORY: Total Active = 593 $0 -$99,99941% $100,0002%11-$199,999 $200,0005%30-$299,999 $300,00014%86-$399,999 $400,00018%107-$499,999 20%117 17%102 10%59 5%32 3%17285% $1,000,000+ $600,000-$699,999 $500,000 $599,999 $900,000 - $999,999$800,000-$899,999$700,000-$799,999
CURRENT LISTING INVENTORY 44 41 901 42 351 91 014 72 Ke nnewick Pasco Richland WestRe-SaleNewRichlandConstruction
TotalSOLDSClosings = 332 $0 $100,000-$99,99951%-$199,99962%$200,0004%13-$299,999 $300,00022%73-$399,999 32%105 17%56 9%31 7%2372% 2%62%700%$1,000,000+ $600,000-$699,99999999$5$500,000-, $900,000 -$999,999 $800,000 - $899,999$700,000 -$799,999 $400,000 $499,999
UNDER CONTRACTS Total Under Contract = 339 $0 $100,000-$99,99952%-$199,99972% $200,0008%27-$299,999$300,00030%101-$399,999 $400,00028%96-$499,999 13%44 9%32 4%14 2%651%21%$1,000,000+ $600,000-$699,999$500,000$599,999 $900,000 - $999,999 $800,000 -$899,999 $700,000 $799,999
1111 MARKET STATS: 12 329 N Kellogg St, Kennewick, WA 99336 (509) 783 8811 rcsothebysrealty.com Source: U.S. Census and Washington O ice of Financial Management Forecasting Division, July 2019 Population: Tri-Cities, MSA........................................................................................ 191,822 ............. 253,340 ................... 296,480 Benton County................................................................................ 142,475 ................ 175,177 .................... 201,800 Kennewick....................................................................................... 54,751 ............. .... 73,917 ........ ...... ........ 83,670 Richland................................................................................... ........ 38,708 .............. . 48,058 ...................... 56,850 West Richland...................................................................... ........... 8,385 ................... . 11,811 ....................... 15,340 Franklin County................................................................................ 49,347 ............. .... 78,163 .............. ....... 94,680 Pasco........................................................................................ ......... 32,066 ................ . 59,781 ............. ........ 75,290 2000 Census 2010 Census 2019 Estimate Household: Kennewick, WA............................................... .......................... $62,203 Pasco, WA...................................................... ..................... .......... $66,735 Richland, WA................................................................................ $78,798 Kennewick, WA............................ ............................ .................. $58,277 Pasco, WA........................................................................... .......... $58,669 Richland, WA............................................................................... $69,063 Average Selling Price(January 2020)............................ $313,200 Active Listings(SFR, January 2020)........ ................................. 464 Average Apartment Rent(2 bed, 2 bath)............................. $964 Median Household Income.............. Average Household Housing...................................................Spending........ Cost of Living: Tri-Cities, WA....................................................................... 97.8 .................... 99.7 ............... 92.1 ............................ 112.2 Yakima, WA........................................................................... 96.1 ................... 80.7 ............ .. 83.3 ............................ 114.5 Spokane, WA.................................................................... 100.3 ................. . 99.3 ................ 97.5 .......................... 108.5 Seattle, WA........................................................................ 156.7 .............. .. 225.0 ......... ..... 108.1 ............. ............... 137.6 Portland, OR..................................................................... 134.0 ................. 184.3 ................ 87.2 ........................... 130.8 Boise, ID............................................................................... 98.4 .................... 96.5 ................ 82.0 .................. ........ 130.2 Housing Utilities TransportationComposite Index