Market report Mark… · SPOKANE Washington May 2020 AVERAGE SALES PRICE CURRENT LISTING INVENTORY...

Market report

©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.

May 2020

Sp o ka ne Wash i ngto n

©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.

Market snapshotSPOKANE Washington

May 2020

AVERAGE SALES PRICE

CURRENT LISTING INVENTORY

$309K

631

May 2020, as compared to May 2019. Information pulled on 6/1/2020

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.

Days on market

Closed Sales

12

501

S P O K A N E c o u n t y

© 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


ANNUAL AVERAGE SALES PRICE

May 2020 YTDSPOKANE, WA

Year-to-date average. Total shown in $Thousands. Information pulled on 6/10/2020

May 2020

$166 $166 $175 $178 $187$205

$219

$246$272

$299

$0

$50

$100

$150

$200

$250

$300

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Report last modified on Monday, June 15, 2020



0

10

20

30

40

50

60

70

80

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2016 2017 2018 2019 2020

AVERAGE DAYS ON MARKET

May 2020SPOKANE, WA

Information pulled on 6/10/2020

May 2020

SPOKANE real estate monthly report | 4 Report last modified on Monday, June 15, 2020



0

500

1000

1500

2000

2500


2016 2017 2018 2019 2020

ACTIVE RESIDENTIAL LISTINGS


January 2020 reflects new system of contingent properties now reported as pending instead of active. Information pulled on 6/1/2020

May 2020


PRICE RANGE #

$0-$99,999 27$100,000-$149,999 11$150,000-$199,999 38$200,000-$249,999 56$250,000-$299,999 75$300,000-$349,999 87$350,000-$399,999 107$400,000-$449,999 84$450,000-$499,999 77$500,000-$599,999 86

$600,000+ 150TOTAL 798




May 2020

May 2020SPOKANE, WA


ACTIVE LISTINGS BY PRICE RANGE

$0-$993%

$100-$1491%

$150-$1995%

$200-$2497%

$250-$2999%

$300-$34911%

$350-$39913%

$400-$44911%

$450-$49910%

$500-$59911%

$600,000+19%



0

100

200

300

400

500

600

700

800

900

1000


2016 2017 2018 2019 2020

RESIDENTIAL CLOSED SALES

As of May 2020SPOKANE, WA

Total units closed per month. Information pulled on 6/10/2020

May 2020




4023 45

46

5530 58

45

6915 75

96 8162

8267

7894

2515

1400

1598 19

88

1959 23

80

2478

2588 28

50

2490

2515

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

ANNUAL RESIDENTIAL SALES


Blue represents closed sales for entire year; Grey represents closed sales thru current report month for each year. Information pulled on 6/10/2020

May 2020


PRICE RANGE #

$0-$99,999 15$100,000-$149,999 25$150,000-$199,999 54$200,000-$249,999 101$250,000-$299,999 120$300,000-$349,999 90$350,000-$399,999 69$400,000-$449,999 50$450,000-$499,999 24$500,000-$599,999 25

$600,000+ 36TOTAL 609




May 2020

May 2020SPOKANE, WA


SOLD LISTINGS BY PRICE RANGE

$0-$992%

$100-$1494%

$150-$1999%

$200-$24917%

$250-$29920%

$300-$34915%

$350-$39911%

$400-$4498%

$450-$4994%

$500-$5994%

$600,000+6%


SPOKANE real estate monthly report | 1 0



Total units closed, annually and year-to-date. Information pulled on 6/10/2020

May 2020

1234 14

26

1699

1719

2137

2162 23

23

2539

2178

2152

166

172 28

9

240

243 31

6

265

311

312

363

0

250

500

750

1000

1250

1500

1750

2000

2250

2500

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Re-Sale New


RESIDENTIAL CLOSED SALESRE-SALE VS NEW construction





Total shown in $Thousands. Information pulled on 6/10/2020

May 2020

$159

$158

$163

$166

$176 $194 $208 $2

33 $258 $2

86

$222

$230 $2

46 $268

$278

$283 $3

11 $349 $3

71

$375

$0

$100

$200

$300

$400

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Re-Sale New


ANNUAL AVERAGE SALES PRICERE-SALE vs NEW construction




RE-SALE VS NEW CONSTRUCTIONSPOKANE, WA


May 2020

$130

$132

$128

$128

$130

$127

$128

$128 $133 $139

$141 $145

$165 $1

73

$167 $1

80

$171

$166

$169

$163

$177

$174

$176

$177

$75

$95

$115

$135

$155

$175

$195

$215

Jun '19 Jul '19 Aug '19 Sep '19 Oct '19 Nov '19 Dec '19 Jan '20 Feb '20 Mar '20 Apr '20 May '20

Re-Sale New


AVERAGE PRICE PER SQUARE Foot

316

265

311 312

363

0

50

100

150

200

250

300

350

400

2016 2017 2018 2019 2020

25

51

151

7876

51

160

71

0

20

40

60

80

100

120

140

160

West Plains SpokaneSouth

SpokaneValley

SpokaneNorth

2019 2020



SPOKANE real estate monthly report | 1 3 Report last modified on Monday, June 15, 2020


Total units closed. Information pulled on 6/10/2020

ANNUALNEW CONSTRUCTION SALES

2019 VS 2020 YTDSPOKANE, WA

Total units closed. Information pulled on 6/10/2020

COMPARISONNEW CONSTRUCTION SALES

May 2020

West Plains7%

Spokane South21%

Spokane Valley29%

SpokaneNorth43%




June 2019 THROUGH May 2020

SPOKANE, WA


TWELVE MONTH SALES BY AREA

TOTAL 7,721

May 2020

Price Range Residential Sold in Period

Residential Active Listings

5/31/20

Residential Listed in Period

Months of Inventory

DOM for Closed Sales

0 - $79,999 13 6 16 2.3 27$80,000 - 99,999 10 7 14 3.5 32

$100,000- 119,999 30 4 32 0.66 34$120,000- 139,999 49 8 54 0.82 41$140,000- 159,999 58 5 61 0.25 33$160,000- 179,999 136 11 160 0.4 16$180,000 - 199,999 157 25 224 0.8 14$200,000 - 219,999 161 16 198 0.5 16$220,000 - 239,999 183 30 266 0.82 15$240,000 - 259,999 201 33 261 0.82 12$260,000 - 279,999 228 24 294 0.52 19$280,000 - 299,999 190 23 261 0.6 15$300,000 - 319,999 163 17 308 0.52 24$320,000 - 339,999 189 37 248 0.98 31$340,000 - 359,999 120 40 189 1.66 30$360,000 - 379,999 106 33 172 1.55 29$380,000 - 399,000 86 42 165 2.4 38$400,000 - 419,999 63 25 104 1.98 18$420,000 - 439,999 72 36 112 2.5 33$440,000 - 459,999 37 28 95 3.7 30$460,000 - 479,999 30 25 67 4.1 42$480,000 - 499,999 33 24 71 3.6 27$500,000 - 519,999 24 13 52 2.7 36$520,000 - 539,999 22 23 51 5.2 29$540,000 - 559,999 25 18 54 3.6 34$560,000 - 579,999 17 13 32 3.8 33$580,000 - 599,999 16 15 34 4.7 35$600,000 - 619,999 9 3 11 1.66 68$620,000 - 639,999 8 6 12 3.75 54$640,000 - 659,999 11 5 18 2.27 52$660,000 - 679,999 6 3 18 2.5 9$680,000 - 699,999 4 4 11 5 183$700,000 - 749,999 10 10 27 5 69$750,000 - 799,999 4 5 13 6.25 14$800,000 - 849,999 5 2 5 2 47$850,000 - 899,999 3 7 9 11.6 104$900,000 - 949,999 0 1 4 0 0$950,000 - 999,999 2 5 8 12.5 12

$1000000 + 3 22 24 36.6 28Totals 2484 650 3656 1.3 24




Supply and demandMAY 2020 YTD

SPOKANE, WA


MAY 2020




Monthly MORTGAGE RATES

30-YEAR FIXED MORTGAGESPOKANE, WA


3.82%

3.75% 3.75%

3.49%

3.65%3.69% 3.68%

3.72%

3.45%

3.29%3.33%

3.23%

3.20%

3.30%

3.40%

3.50%

3.60%

3.70%

3.80%

3.90%

Jun '19 Jul '19 Aug '19 Sep '19 Oct '19 Nov '19 Dec '19 Jan '20 Feb '20 Mar '20 Apr '20 May '20


©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.

Market reportMay 2020

C B SP OKANE . C OM

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.

Market report Mark… · SPOKANE Washington May 2020 AVERAGE SALES PRICE CURRENT LISTING INVENTORY...

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