MARKET AT A GLANCE JUNE 2018
3505 W 36TH LOOP, KENNEWICK, WA
TABLE OF CONTENTS
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YEARLY AVERAGES SALES ACTIVITY 12 MONTH COMPARISONS INVENTORY MARKET STATS
YEARLY AVERAGES
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SALES ACTIVITY 12 MONTH SALES ACTIVITY Outlying Areas 7% West Richland 7%
Kennewick 35%
Richland 25%
Pasco 26%
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04
12 MONTH COMPARISONS MONTHLY INVENTORY COMPARISON
1400 1200 1000
800 600 400 200 0
2013 2014 2015 2016 2017 2018
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1150 1136 1196 1283 1262 1296 1313 1296 1287 1209 1104 1016 1029 1019 1020 1057 1086 1121 1200 1187 1101 1044 944 839 837 831 807 794 800 760 769 752 786 758 645 641 538 482 472 499 548 587 618 648 635 567 503 465 389 348 375 419 451 548 626 648 674 614 537 468 430 426 459 479 526 559
12 MONTH CLOSING COMPARISON SALES 500 450 400 350 300 250 200 150 100 50 0
2013 2014 2015 2016 2017 2018
Jan 188 159 195 214 211 271
Feb 168 173 225 238 205 262
Mar 252 249 304 335 336 348
Apr 277 287 342 337 334 358
May 285 287 370 377 372 355
Jun 284 305 398 366 412 386
Jul Aug Sep 331 298 293 325 319 301 436 367 342 366 380 394 363 419 377
Oct Nov Dec 266 227 258 325 252 266 343 235 351 378 350 330 360 349 369
12 MONTH UNDER CONTRACT COMPARISON 500 450 400 350 300 250 200 150 100 50 0 2013 2014 2015 2016 2017 2018
Jan 227 282 249 269 256 317
Feb 259 232 271 349 299 318
Mar 290 331 443 437 390 396
Apr 304 276 413 397 357 360
May 313 320 397 391 431 417
Jun 293 306 372 367 387 378
Jul 316 289 362 373 414
Aug 243 312 347 366 386
Sep 227 287 331 332 329
Oct 244 297 310 371 364
Nov 188 223 323 281 343
Dec 154 209 205 231 325
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INVENTORY June - SOLDS
31, 8% 39, 10%
31, 8%
$350,000-$374,999, 18, 5%
41, 11%
$375,000-$399,999, 25, 6%
94, 24%
$400,000-$424,999, 11, 3% $425,000-$449,000, 5, 1%
49, 13%
$450,000 - $474,999, 7, 2% $475,000 - $499,999, 8, 2% $500,00 - $524,999, 5, 1% $525,000 - $549,999, 3, 1% $550,000 - $574,999, 1, 0% $575,000 - $599,999, 3, 1%
12, 3% 39, 10%
10, 3% 24, 6%
4, 1%
$700,000+, 2, 1%
$0-$99,999
$100,000-$124,999
$125,000-$149,999
$275,000-$299,999
$300,000-$324,999
$325,000-$349,999
$175,000-$199,999
Total Closings = 386 09
12, 3%
$200,000-$224,999
$225,000-$249,999
$150,000-$174,999 $250,000-$274,999
June - ACTIVES 72, 13%
$350,000-$374,999, 44, 8%
$375,000-$399,999, 38, 7% 43, 8% $400,000-$424,999, 26, 5%
$425,000-$449,000, 35, 6% 40, 7%
292, 51%
$450,000 - $474,999, 22, 4% $475,000 - $499,999, 22, 4%
30, 5%
$500,00 - $524,999, 11, 2% $525,000 - $549,999, 20, 3% $550,000 - $574,999, 10, 2%
34, 6%
$575,000 - $599,999, 19, 3%
12, 2% 9, 2%
5, 1% 6, 1%
16, 3%
$700,000+, 27, 5%
13, 2%
$0-$99,999 $100,000-$124,999 $125,000-$149,999 $150,000-$174,999 $175,000-$199,999 $200,000-$224,999 $225,000-$249,999 $250,000-$274,999 $275,000-$299,999 $300,000-$324,999 $325,000-$349,999
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MARKET STATS Population: 2000 Census 2010 Census 2018 Estimate Tri-Cities, MSA........................................................................................ 191,822 ............. 253,340 ................... 283,830 Benton County................................................................................ 142,475 ................ 175,177 .................... 193,500 Kennewick....................................................................................... 54,751 ................. 73,917 ..................... 80,280 Richland........................................................................................... 38,708 ............... 48,058 ....................... 54,150 West Richland................................................................................. 8,385 .................... 11,811 ....................... 14,660 Franklin County................................................................................ 49,347 ................. 78,163 ..................... 90,330 Pasco................................................................................................. 32,066 ................. 59,781 ...................... 71,680 Source: U.S. Census and Washington Office of Financial Management Forecasting Division, July 2017
Composite Index Housing Utilities Transportation Cost of Living: Tri-Cities, WA........................................................................ 97.0 ................. 100.1 ............... 98.9 ............................ 107.7 Yakima, WA.......................................................................... 93.9 .................. 79.3 ................ 81.9 ............................ 115.3 Spokane, WA...................................................................... 96.0 ................. 92.3 ................. 76.1 ........................... 112.3 Seattle, WA......................................................................... 149.0 ............... 194.2 .............. 123.8 ............................ 133.1 Portland, OR...................................................................... 129.3 ................. 179.0 ............... 78.4 ........................... 106.3 Boise, ID................................................................................ 92.5 .................... 87.9 ................ 86.2 ........................... 107.5
Household: Median Household Income.............. Kennewick, WA.......................................................................... $58,173 Pasco, WA...................................................................................... $61,515 Richland, WA............................................................................... $76,895 Average Household Spending........ Kennewick, WA.......................................................................... $55,154 Pasco, WA..................................................................................... $53,922 Richland, WA................................................................................ $67,352 Housing................................................... Average Selling Price(October 2016)............................ $282,700 Active Listings(SFR, October 2016)......................................... 458 Average Apartment Rent(2bed, 2 bath)............................. $866
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329 N Kellogg St, Kennewick, WA 99336
(509) 783 8811
rcsothebysrealty.com
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