March 2020
Market report S p o k a n e Wa s h i n gt o n
Š2020 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.
S P O K A N E Was h i n gto n
Market snapshot SPOKANE county MARCH 2020
$308K
24
AVERAGE SALES PRICE
Days on market
592
559
CURRENT LISTING INVENTORY
Closed Sales
March 2020, as compared to March 2019. Information pulled on 4/15/2020 ©2020 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.
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
ANNUAL AVERAGE SALES PRICE March 2020 YTD SPOKANE, WA Year-to-date average. Total shown in $Thousands. Information pulled on 4/15/2020
$294
$300
$263
$250 $200
$168
2011
$162
$170
$175
$183
2012
2013
2014
2015
$198
$212
$232
$150 $100 $50 $0 2016
2017
2018
2019
2020
March 2020
Š 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.
SPOKANE real estate monthly report | 3
The information in this report is compiled from a report given by the Spokane Association of REALTORSÂŽ and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
AVERAGE DAYS ON MARKET March 2020 SPOKANE, WA Information pulled on 4/15/2020
80
2016
2017
2018
2019
2020
70 60 50 40 30 20 10 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
March 2020
© 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.
SPOKANE real estate monthly report | 4
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
ACTIVE RESIDENTIAL LISTINGS March 2020 YTD SPOKANE, WA January 2020 reflects new system of contingent properties now reported as pending instead of active. Information pulled on 4/15/2020
2500 2016
2017
2018
2019
2020
2000
1500
1000
500
0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
March 2020
© 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.
SPOKANE real estate monthly report | 5
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
March 2020
ACTIVE LISTINGS BY PRICE RANGE March 2020
$250-$299 10%
SPOKANE, WA Information pulled on 4/15/2020
PRICE RANGE
#
$0-$99,999
29
$100,000-$149,999
22
$150,000-$199,999
35
$200,000-$249,999
61
$250,000-$299,999
85
$300,000-$349,999
91
$350,000-$399,999
121
$400,000-$449,999
77
$450,000-$499,999
64
$500,000-$599,999
86
$600,000+
156
TOTAL
503
$350-$399 15%
$200-$249 7% $400-$449 9%
$150-$199 4% $100-$149 3%
$450-$499 8%
$0-$99 4%
$600,000+ 19%
© 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.
SPOKANE real estate monthly report | 6
$300-$349 11%
$500-$599 10%
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
RESIDENTIAL CLOSED SALES As of march 2020 SPOKANE, WA Total units closed per month. Information pulled on 4/15/2020
1000
2016
900
2017
2018
2019
2020
800 700 600 500 400 300 200 100 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
March 2020
© 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.
SPOKANE real estate monthly report | 7
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
ANNUAL RESIDENTIAL SALES March 2020 YTD SPOKANE, WA Blue represents closed sales for entire year; Grey represents closed sales thru current report month for each year. Information pulled on 4/15/2020
1464
1464
1230
7894
8162 1187
1170
961
1474
5845 951
1000
688
2000
821
3000
1281
4000
4023
5000
4546
6000
5530
7000
6915
8000
7596
9000
8267
10000
0 2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
March 2020
Š 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.
SPOKANE real estate monthly report | 8
The information in this report is compiled from a report given by the Spokane Association of REALTORSÂŽ and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
March 2020
SOLD LISTINGS BY PRICE RANGE March 2020
$250-$299 20%
$200-$249 17%
SPOKANE, WA Information pulled on 4/15/2020
PRICE RANGE
#
$0-$99,999
14
$100,000-$149,999
28
$150,000-$199,999
66
$200,000-$249,999
111
$250,000-$299,999
131
$300,000-$349,999
108
$350,000-$399,999
58
$400,000-$449,999
37
$450,000-$499,999
25
$500,000-$599,999
38
$600,000+
30
TOTAL
646
$150-$199 10%
$100-$149 4%
$0-$99 2%
$300-$349 17% $350-$399 9%
$600,000+ 5% $500-$599 6%
© 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.
SPOKANE real estate monthly report | 9
$450-$499 4%
$400-$449 6%
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
RESIDENTIAL CLOSED SALES RE-SALE VS NEW construction MARCH 2020 YTD SPOKANE, WA
836
739
154
175
167
164
139
125
149
82
200
86
400
246
600
602
800
802
1000
1023
1031
1200
1218
New
1076
Re-Sale
1114
1400
1299
Total units closed, annually and year-to-date. Information pulled on 4/15/2020
0 2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
March 2020
Š 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.
SPOKANE real estate monthly report | 1 0
The information in this report is compiled from a report given by the Spokane Association of REALTORSÂŽ and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
ANNUAL AVERAGE SALES PRICE RE-SALE vs NEW construction March 2020 YTD SPOKANE, WA
$170
2014
2015
$368 $279
$247
$337
$303 $218
$161
2013
$199
$156
2012
$186
$155
2011
$273
$276
$270
$226
$161
$200
$218
$300
New
$249
Re-Sale
$400
$377
Total shown in $Thousands. Information pulled on 4/15/2020
$100 $0 2016
2017
2018
2019
2020
March 2020
Š 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.
SPOKANE real estate monthly report | 1 1
The information in this report is compiled from a report given by the Spokane Association of REALTORSÂŽ and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
AVERAGE PRICE PER SQUARE FOOt RE-SALE VS NEW CONSTRUCTION SPOKANE, WA Information pulled on 4/15/2020
Dec '19
Jan '20
$174
Nov '19
Feb '20
Mar '20
$133
$139
Oct '19
$177
$128
Sep '19
$163
$169
$171
$180
Aug '19
$167
$128
Jul '19
$166
$132
Jun '19
$127
$130
May '19
$130
$130
Apr '19
$128
$128
$155
$165
$166
$175
$135
$171
$195
New $173
Re-Sale
$128
$215
$115 $95 $75
March 2020
© 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.
SPOKANE real estate monthly report | 1 2
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
ANNUAL NEW CONSTRUCTION SALES
COMPARISON NEW CONSTRUCTION SALES
March 2020 YTD
2019 VS 2020 YTD SPOKANE, WA
SPOKANE, WA
Total units closed. Information pulled on 4/15/2020
Total units closed. Information pulled on 4/15/2020
2019
300 246
250 200
100 75
80
164
167
175
150
154
60
53
20
50
49 40
40
100
0
109
2020
27
31
7
0
2016
2017
2018
2019
2020
West Plains
Spokane South
Spokane Valley
Spokane North
March 2020
© 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.
SPOKANE real estate monthly report | 1 3
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
March 2020
West Plains 7%
Spokane North 43%
Spokane South 22%
TWELVE MONTH SALES BY AREA April 2019 THROUGH March 2020 TOTAL 7,933 SPOKANE, WA
Spokane Valley 28%
AVERAGE NUMBER OF HOMES SOLD March 2020 ytd SPOKANE, WA Information pulled on 4/15/2020
Total Homes
Total Homes
Total Homes
YEAR
Sold Per Year
Sold Per Month
Sold Per Day
2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
1464
488
16.09
1230
410
13.52
1474
491
16.20
1281
427
14.08
1187
396
13.04
1170
390
12.86
961
320
10.56
951
317
10.45
821
274
9.02
688
229
7.56
© 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.
SPOKANE real estate monthly report | 1 4
Information pulled on 4/15/2020
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
Monthly MORTGAGE RATES 30-YEAR FIXED MORTGAGE SPOKANE, WA Information pulled on 4/14/2020
4.20% 4.10%
4.08%
4.14%
4.00% 3.90%
3.82%
3.80%
3.75%
3.75% 3.65%
3.70% 3.60%
3.69%
3.68%
3.72%
3.49%
3.50%
3.45%
3.40%
3.29%
3.30% 3.20%
Apr '19
May '19
Jun '19
Jul '19
Aug '19
Sep '19
© 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.
SPOKANE real estate monthly report | 1 6
Oct '19
Nov '19
Dec '19
Jan '20
Feb '20
Mar '20
The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
Report last modified on Wednesday, April 15, 2020
Market report March 2020
CBSP OKANE.COM
The information in this report is compiled from a report given by the Spokane Association of REALTORSŽ and to the best of our knowledge is accurate and current. Š2020 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.