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Spokane Association of REALTORS® Multiple Listing Service Residential Site Built and Condo in Spokane County (on less than one acre)

Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

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Page 1: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

Spokane Association of REALTORS®Multiple Listing Service

Residential Site Built and Condo in Spokane County(on less than one acre)

Page 2: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

-

2,000

4,000

6,000

8,000

10,000

12,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

9,782 9,919

8,701 8,507

9,642 9,954 10,303

10,594 10,635 9,995

Page 3: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

4,666 4,252

4,025 4,533

5,510 5,829

6,892 7,601

8,159 8,258

Page 4: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

-

50,000

100,000

150,000

200,000

250,000

300,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

187,583 183,468

167,456 177,272 182,595 186,275

197,439 212,121

228,678

255,120

Page 5: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

-

50,000

100,000

150,000

200,000

250,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

169,000 163,312 154,300 160,000 164,697

168,000

179,900

195,000 210,000

234,900

Page 6: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

1,210 1,198 1,080

1,261

1,483

1,569

1,946

2,183 2,152

2,243

-

500

1,000

1,500

2,000

2,500

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Page 7: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

1,011

889 831

1,032

1,320 1,360

1,486

1,697 1,787 1,722

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Page 8: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

1,195

1,084 1,097

1,183

1,431 1,488

1,826 1,905

2,124 2,056

-

500

1,000

1,500

2,000

2,500

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Page 9: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

844

718 735

781 881

1,007

1,147

1,254

1,410 1,518

-

200

400

600

800

1,000

1,200

1,400

1,600

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Page 10: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

24 29

30 27

44 41

49 50

67

63

-

10

20

30

40

50

60

70

80

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Page 11: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

310 314

225 232

284

326

377

426

494 504

-

100

200

300

400

500

600

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Page 12: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

76

59

72 72

122

100

112

147

125

152

-

20

40

60

80

100

120

140

160

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Page 13: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

UNDER $100,000

$100,000-$124,999

$125,000-$149,999

$150,000-$199,999

$200,000-$249,999

$250,000- $299,999

$300,000-$349,999

$350,000-$399,999

$400,000-$449,999

$450,000-$499,999

$500,000 & OVER

10

11.1

3.5

4.516.2

7.8

3.42.1

1.4

1

1.3

2009

UNDER $100,000

$100,000-$124,999

$125,000-$149,999

$150,000-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$349,999

$350,000-$399,999

$400,000-$449,999

$450,000-$499,999

$500,000 & OVER

13.3

12.3

15.3

28.3

13.7

7.4

3.8

2.6

1.2

1

1.5

2010

UNDER $100,000

$100,000-$124,999

$125,000-$149,999

$150,000-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$349,999

$350,000-$399,999

$400,000-$449,999

$450,000-$499,999

$500,000 & OVER

21.512

14

25.6

12.96.5

3.1

1.8

1.1

1

1

2011

UNDER $100,000

$100,000-$124,999

$125,000-$149,999

$150,000-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$349,999

$350,000-$399,999

$400,000-$449,999

$450,000-$499,999

$500,000 & OVER

19.2

10.3

14.2

25.8

13.1

7.6

3.82.6

1.31

1.2

2012

Page 14: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

UNDER $100,000

$100,000-$124,999

$125,000-$149,999

$150,000-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$349,999

$350,000-$399,999

$400,000-$449,999

$450,000-$499,999

$500,000 & OVER

16.7

10.4

14.525.2

14.4

8.8

3.8

2.6

1.7

1

1.1

2013

UNDER $100,000

$100,000-$124,999

$125,000-$149,999

$150,000-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$349,999

$350,000-$399,999

$400,000-$449,999

$450,000-$499,999

$500,000 & OVER

17

9.8

13.2

24

14.9

9

4.7

2.9

1.7

1

1.1

2014

UNDER $100,000

$100,000-$149,999

$150,000-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$$349,999

$350,000-$399,999

$400,000-$449,999

$450,000-$499,999

$500,000 & OVER

13.4

22.1

24.4

17.1

10.35.4

3

1.9

1.3

1.4

2015

UNDER $100,000

$100,000-$149,999

$150,000-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$349,999

$350,000-$399,999

$400,000-$449,999

$450,000-$499,999

$500,000 & OVER

9.1

18.4

24.8

20.3

12.5

6.13.7

2.1

1.2

1.9

2016

Page 15: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

UNDER $100,000

$100,000-$149,999

$150,000-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$349,999

$350,000-$399,999

$400,000-$449,999

$450,000-$499,999

$500,000 & OVER

6.7

16.5

22.6

20.4

14.3

7.6

4.4

3

2

2.5

2017

UNDER $100,000

$100,000-$149,999

$150,000-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$349,999

$350,000-$399,999

$400,000-$449,999

$450,000-$499,999

$500,000 & OVER

3.311.1

20.9

21.9

16.2

10.1

6.4

3.9

2.4

3.9

2018

Page 16: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

YEAR SALES AVERAGE PRICE MEDIAN PRICE

ALL AREAS

2018 836 353,689 336,226

2017 795 328,500 309,000

2016 850 290,399 267,357

2015 715 283,774 260,527

2014 652 273,372 254,199

2013 692 258,414 237,603

2012 540 245,691 219,594

2011 498 228,572 204,930

2010 554 231,974 206,392

2009 568 262,460 219,925

2008 805 286,677 248,944

Page 17: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

946 9241,018

1,165

1,3891,422 1,466

1,460 1,4511,333

1,052

798

1,1531,094

1,268

1,457

1,686

1,871

1,977 2,0141,918

1,709

1,360

1,010

1,543

1,6851,752

1,9342,044 2,081 2,114

2,035 1,903

1,709

1,390

1,156

500

1,000

1,500

2,000

2,500

3,000

3,500

January February March April May June July August September October November December

Active Listings

Active Listings 2018

Active Listings 2017

Active Listings 2016

Page 18: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

$224,091

$231,497

$237,544

$254,594

$265,057 $268,828

$259,300 $260,812 $259,472

$264,224 $264,046

$242,635

$206,531

$205,077

$220,984$224,351

$227,530

$233,756$235,241

$234,870$236,325

$227,733

$231,512

$233,302

$191,266$200,245

$204,652 $205,801

$218,542 $217,604

$222,321$215,382 $215,557 $216,344

$206,837

$209,646

180,000

185,000

190,000

195,000

200,000

205,000

210,000

215,000

220,000

225,000

230,000

235,000

240,000

245,000

250,000

255,000

260,000

265,000

270,000

January February March April May June July August September October November December

Average Sales Price

Average Sales Price (Closed) 2018

Average Sales Price (Closed) 2017

Average Sales Price (Closed) 2016

Page 19: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

$208,500

$210,200

$219,000

$231,097

$240,000

$246,250

$235,000

$247,500

$235,000

$240,000 $240,000

$222,750

$195,000 $185,000

$204,900 $201,900

$208,250

$217,000

$217,000

$218,000$215,000

$209,900 $209,950$215,000

$175,000$185,000

$187,500$191,500

$200,000 $196,975$208,000

$199,900 $201,000$198,000

$192,750

$191,215

$140,000

$150,000

$160,000

$170,000

$180,000

$190,000

$200,000

$210,000

$220,000

$230,000

$240,000

$250,000

$260,000

January February March April May June July August September October November December

Median Sales Price

Median Sales Price (Closed) 2018

Median Sales Price (Closed) 2017

Median Sales Price (Closed) 2016

Page 20: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

464

403

602 608

758

917

896 896

737

680655

588

378335

555

525

770

944

806902

743

803

705

628

352 339

495

585

702

792751

821

781

665

608

664

100

200

300

400

500

600

700

800

900

1,000

January February March April May June July August September October November December

Closed Sales

Closed Sales 2018

Closed Sales 2017

Closed Sales 2016

Page 21: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

22.0%

14.0%

13.2% 13.4%

10.7%

6.6%

4.9%

2.1%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

2011 2012 2013 2014 2015 2016 2017 2018

% of REO Sales - Annually

% of REO Sales - Annually

Page 22: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

4105

4800

6108

5780

60256195

5869

48644775 4815

5274

5443 5443

5324

5898

6243

7218

7758

8373

7792

6935

4910

4666

4253

4025

4533

5510

5820

6863

7601

8159

8258

3000

4000

5000

6000

7000

8000

9000

19871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018

Annual Number of Sales - 1987 - 2018(Residential Site Built on less than one acre and Condo)

Page 23: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

5.1%

-0.1%

1.7%

0.5%

1.6%

3.7%

9.1%

15.0%

17.6%

10.3% 10.2%

2.6%

1.6%1.3%0.6%

3.0%

-0.9%

3.1%2.5%

7.4%

9.0%

17.9%

14.3%

7.3%

-2.6%

-9.1%

-2.2%

-8.6%

5.90%

3.0%

2.0%

6.1%

7.4%7.80%

11.60%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%% Change Year to Year - Average (MEAN) Selling Price

Page 24: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

4.3%

0.0%

4.0%

1.0%

0.0%

1.0%

4.7%

16.2%

18.6%

11.8%11.1%

4.7%

2.0%2.4%

1.0%1.8%

-1.7%

4.8%

1.4%

7.5%7.6%

16.3%16.7%

5.9%

-0.8%

-8.2%

-3.3%

-5.2%

3.70%2.9%

2.0%

7.1%

8.4%7.70%

11.90%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

% Change Year to Year - Median Selling Price

Page 25: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701
Page 26: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

FHFA GSI Benchmark Cities – 2019 1st Quarter% Change in Prices

1 Year 5 Year

1. Boise, ID 15.62 69.75

2. Spokane/Spokane Valley, WA 12.03 50.70

3. Reno, NV 9.43 73.12

4. Salt Lake City, UT 9.42 47.83

5. Tacoma/Lakewood, WA 9.20 63.99

6. Colorado Springs, CO 9.18 49.60

7. Raleigh-Cary, NC 9.10 39.36

8. Tucson, AZ 8.19 33.35

9. Madison, WI 5.13 28.12

10. Seattle/Bellevue/Everett, WA 4.92 63.15

11. Portland/Vancouver/Hillsboro, OR/WA 4.54 52.72

12. Albuquerque, NM 4.11 17.83

Page 27: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

FHFA Washington – 2019 1st Quarter% Change in Prices

1 Year 5 Year

1. Lewiston, ID/Clarkston, WA 13.33 24.63

2. Wenatchee, WA 12.66 55.41

3. Spokane/Spokane Valley, WA 12.03 50.70

4. Kennewick/Pasco/Richland, WA 10.79 46.39

5. Mount Vernon/Anacortes, WA 10.50 58.03

6. Longview, WA 10.19 56.87

7. Walla Walla, WA 10.05 38.58

8. Bellingham, WA 10.02 50.54

9. Tacoma/Lakewood, WA 9.20 63.99

10. Bremerton/Silverdale, WA 8.62 58.54

11. Yakima, WA 8.55 36.39

12. Olympia/Lacey/Tumwater, WA 6.14 47.13

13. Seattle/Bellevue/Everett, WA 4.92 63.15

14. Portland/Vancouver/Hillsboro, OR/WA 4.54 52.72

Page 28: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701

OTHER

Coeur d’Alene, ID 12.10 55.70

Missoula, MT 3.35 27.56

FHFA Washington – 2019 1st Quarter (continued)% Change in Prices

1 Year 5 Year

Page 29: Spokane Association of REALTORS® Multiple Listing Service Activity... · 2,000 4,000 6,000 8,000 10,000 12,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,782 9,919 8,701