Spokane-Kootenai_Real_Estate_Research_Committee_2018
THE REAL ESTATE REPORT
Regional Research on
Spokane, Kootenai, Bonner Counties
Volume 42, Number 1
Spring 2018
Published semiannually by the
Spokane-Kootenai Real Estate Research Committee
The Real Estate Report Volume 42, Number 1
Spring 2018
1
TABLE OF CONTENTS
Page
TABLE OF CONTENTS ......................................................................................................................... 1
GENERAL SUMMARY .......................................................................................................................... 4
SPOKANE-KOOTENAI REAL ESTATE RESEARCH COMMITTEE .................................................... 12
PAST AND CURRENT OFFICERS ...................................................................................................... 17
ACKNOWLEDGEMENTS .................................................................................................................... 18
MAP OF SPOKANE, KOOTENAI & BONNER COUNTIES .................................................................. 19
SKETCH OF SPOKANE COUNTY ...................................................................................................... 20
SKETCH OF KOOTENAI COUNTY ..................................................................................................... 21
SKETCH OF BONNER COUNTY ........................................................................................................ 22
SPOKANE ECONOMIC INDICATORS ................................................................................................ 23
Population In Spokane County ............................................................................................................................ 25
Population Projections For Spokane County, 2015-2040 ................................................................................... 26
Spokane County Population By Age Group And Sex .......................................................................................... 27
Drivers License Surrenders In State Of Washington ........................................................................................... 29
Drivers License Surrenders In Spokane County ................................................................................................. 32
Residential Electrical Customers, Spokane County ............................................................................................ 35
Resident Labor Force And Employment Trends In Spokane County ................................................................. 38
Nonagricultural Wage And Salary Employment Trends ...................................................................................... 41
Total Personal Income In Spokane County ......................................................................................................... 44
Per Capita Income In Spokane County ............................................................................................................... 46
Total Personal Income In Spokane County As Provided By Avista Corporation ................................................ 48
Comparative Household, Family, And Per Capita Income For Spokane County ................................................ 50
Deposits At Financial Institutions In Spokane County ($ Millions) ..................................................................... 51
Taxable Contracting Sales For Spokane County ................................................................................................ 52
Spokane County Taxable Retail Sales ................................................................................................................ 54
Cost Of Living Index For U.S. Metropolitan Cities ............................................................................................... 56
National Production, Inflation And Interest Rate Indicators ................................................................................. 57
Foreclosures On Deeds Of Trust In Spokane County ......................................................................................... 65
SPOKANE REAL ESTATE ACTIVITY INDICATORS ........................................................................... 69
Residential Building Permits ................................................................................................................................ 71
Residential Building Permits, C-40 Series ........................................................................................................... 74
Assessor’s Geographic Area Data Map .............................................................................................................. 76
Lots Platted .......................................................................................................................................................... 77
Condominium Units Filed ..................................................................................................................................... 79
Total Assessed Property Values And Taxes ....................................................................................................... 81
Total Sales of Single-Family Dwellings ............................................................................................................... 83
Total Sales Of Single-Family Dwellings By Percent ............................................................................................ 94
Prices of Sold Single-Family Dwellings ............................................................................................................... 96
Median Price Home Sales Comparison ............................................................................................................... 97
House Price Index of the FHFA ........................................................................................................................... 98
Spokane Area New Construction and Existing Residence Unsold Inventory ................................................... 101
Spokane Area New Construction Residence Unsold Inventory ........................................................................ 102
Spokane Area Existing Resale Residence Unsold Inventory ............................................................................ 113
SPOKANE HOUSING INVENTORY .................................................................................................. 125
The Real Estate Report Volume 42, Number 1
Spring 2018
2
Total Housing Stock By Type Of Unit ................................................................................................................ 127
Spokane County Home Ownership Rate ........................................................................................................... 130
Housing Affordability Index ................................................................................................................................ 131
Housing Affordability Index For First Time Buyers ............................................................................................ 139
SPOKANE VACANCY SURVEYS ..................................................................................................... 147
Spokane County Apartment Vacancy Survey ................................................................................................... 149
Spokane County and City Mobile Home Park Space Vacancy Survey ............................................................. 177
Survey of Competitive Office/Retail Space in the Spokane CBD ...................................................................... 179
Survey of Competitive Office/Retail Space in the Spokane CBD and Other Locations .................................... 193
Survey of Suburban Office Space in Spokane County (Current Geographic Areas) ........................................ 194
Survey of Suburban Office Space in Spokane County (Previous Geographic Areas) ...................................... 199
Survey of Medical Office Space in Spokane County ......................................................................................... 200
Survey of Suburban Retail Space in Spokane County (Current Geographic Areas) ........................................ 202
Survey of Spokane County Industrial Space ..................................................................................................... 207
KOOTENAI COUNTY ........................................................................................................................ 215
Population in Kootenai County .......................................................................................................................... 217
Population Projections for Kootenai County, 2015-2040 ................................................................................... 218
Population in Kootenai County by Age and Sex ................................................................................................ 219
Drivers License Surrenders in State of Idaho .................................................................................................... 220
Drivers License Surrenders in Kootenai County................................................................................................ 221
Residential Electrical Customers Kootenai County ........................................................................................... 222
Employment in Kootenai County ....................................................................................................................... 224
Personal Income in Kootenai County ................................................................................................................ 227
Total Personal Income in Kootenai County as Provided by Avista Corporation ............................................... 229
Comparative Household, Family, and Per Capita Income for Kootenai County ............................................... 230
Deposits at Financial Institutions in Kootenai County ....................................................................................... 231
Kootenai County Taxable Sales ........................................................................................................................ 232
Foreclosure Notices of Default and Trustees Deeds In Kootenai County ......................................................... 233
Residential Building Permits, Kootenai County ................................................................................................. 236
Lots Platted in Kootenai County ........................................................................................................................ 239
Condominium Units Platted in Kootenai County................................................................................................ 240
Net Assessed Property Value for Kootenai County ........................................................................................... 241
Kootenai County Residential Sales ................................................................................................................... 242
Current Geographic Areas for Reporting Residential Sales .............................................................................. 243
Number of Kootenai County Residential Sales (Current Geographic Areas) .................................................... 244
Average Price of Kootenai County Residential Sales (Current Geographic Areas) .......................................... 247
Prior Geographic Areas for Reporting Residential Sales .................................................................................. 250
Number of Kootenai County Residential Sales ................................................................................................. 251
Average Price of Kootenai County Residential Sales ....................................................................................... 252
House Price Index of The FHFA for Kootenai County ....................................................................................... 253
Kootenai County Residential Active Listings ..................................................................................................... 256
Kootenai County New Construction Residence Active Listings ........................................................................ 257
Kootenai County Existing Residence Active Listings ........................................................................................ 262
Kootenai County Residential Active Listings ..................................................................................................... 267
Kootenai County Housing Stock ........................................................................................................................ 273
Kootenai County Home Ownership Rate ........................................................................................................... 274
Housing Affordability Index ................................................................................................................................ 275
Kootenai County Apartment Vacancy Survey ................................................................................................... 285
Kootenai County Apartment Vacancy Survey ................................................................................................... 296
The Real Estate Report Volume 42, Number 1
Spring 2018
3
Kootenai County Mobile Home Park Space Vacancy Survey ........................................................................... 297
Survey of Office Space in Kootenai County ...................................................................................................... 298
Survey of Retail Space in Kootenai County ....................................................................................................... 300
Survey of Industrial Space in Kootenai County ................................................................................................. 302
BONNER COUNTY ........................................................................................................................... 305
Population in Bonner County ............................................................................................................................. 307
Population Projections for Bonner County, 2015-2040 ..................................................................................... 308
Bonner County Population by Age and Sex ...................................................................................................... 309
Drivers License Surrenders in Bonner County .................................................................................................. 310
Residential Electrical Customers Bonner County .............................................................................................. 311
Employment in Bonner County .......................................................................................................................... 312
Personal Income in Bonner County ................................................................................................................... 314
Total Personal Income in Bonner County as Projected BY Avista Corporation ................................................ 316
Comparative Household, Family, and Per Capita Income ................................................................................ 317
Deposits at Financial Institutions ....................................................................................................................... 318
Bonner County Taxable Sales ........................................................................................................................... 319
Building Permits and Building Location Permits ................................................................................................ 320
Bonner County Assessed Values ...................................................................................................................... 321
Sales of Single-Family Dwellings by Area ......................................................................................................... 322
Financing of Single-Family Dwellings Purchases .............................................................................................. 325
Bonner County Housing Stock .......................................................................................................................... 330
Bonner County Home Ownership Rate ............................................................................................................. 331
ADDENDA ......................................................................................................................................... 333
REAL ESTATE PROFESSIONAL ASSOCIATIONS IN SPOKANE COUNTY .................................................. 335
REAL ESTATE PROFESSIONAL ASSOCIATIONS IN KOOTENAI COUNTY ................................................ 336
DEVELOPMENT OFFICIALS IN SPOKANE COUNTY .................................................................................... 337
DEVELOPMENT OFFICIALS IN KOOTENAI COUNTY ................................................................................... 338
OTHER NORTHWEST REAL ESTATE RESEARCH REPORTS ..................................................................... 339
REAL ESTATE-RELATED WEBSITES ............................................................................................................. 340
The Real Estate Report Volume 42, Number 1
Spring 2018
4
GENERAL SUMMARY
OVERVIEW
What are the demographic patterns of the market? What does the inventory look like? What are
the characteristics of the labor market and the income patterns? In the long history of this report,
the purpose is to provide the best public, and occasionally private, information to assist market
participants in their decision-making. We try to provide some answers. This current edition
continues that objective.
RELEVANT NATIONAL FACTORS
Growth in real GDP and consumer price inflation is projected to remain slow near the end of 2016
and pick up slightly in 2017, according to the Federal Reserve. Inflation remains low. While the
Federal Reserve have recently increased the federal funds rate to a modest 0.66%, the rate for
2017 are projections to rise to 1.1%. However, the timing and domino effect on the broad market
is a mystery. For now, real estate participants can proceed without much change in expectations.
POPULATION
Spokane County
Population growth in Spokane County remained just under 1% in 2016. The U.S. Census Bureau
has estimated a County population of approximately 499,800 as of July 2017. That is an
additional 7,270 people than the previous year. The City of Spokane grew at 1.3% while the
Spokane Valley grew a mere 0.8%. These trends are on course with the Washington State Office
of Financial Management’s projections for the County, an estimated annual growth rate of 1.0%
through 2020.
Kootenai County
The Census Bureau is estimating 157,637 as of July 2017 for Kootenai County. Current
population projections for the County are estimated to reach 167,700 by 2020. The cities
experiencing the most growth during the 2010 to 2015 time period include the most populous
cities of Coeur d’Alene and Post Falls.
The combined 2020 market population of the two adjacent Counties of potentially over 680,000
represents a very attractive market.
Bonner County
The estimated July 2017 population was 43,560—a 2.4% increase from 2016. The population in
Sandpoint grew 5% during the same time period.
DRIVER LICENSE SURRENDERS
Spokane County
Over the past few years, Spokane County has experienced significant growth in the number of
drivers licenses surrendered—particularly from California residents, followed by Idaho. In the year
ending in March, driver license surrenders were up just 2% from the previous year.
The Real Estate Report Volume 42, Number 1
Spring 2018
5
Kootenai County
New data are not available for Idaho at this time. However, similar to Spokane County, California
continues to lead the migration.
Bonner County
New data are not available for Idaho at this time.
RESIDENTIAL ELECTRICAL CUSTOMERS
Spokane County
As of April 2018, there were 213,678 residential meters in Spokane County. Ten years ago, the
number was 194,984—averaging a compound annual growth rate of 0.95%.
Kootenai County
As of March 31, 2018, there was a record 73,201 residential electric meter customers in the
County. The meter count is up by approximately 3% from 2016. Households are becoming more
efficient with their energy use.
Bonner County
As of March 31, 2018, the meter count is up slightly in Bonner County at 24,816 residential
electric meters. The previous five years reflect slight increases but have remained relatively
unchanged since 2013.
EMPLOYMENT
Spokane County
There are a variety of data sets to confuse long time followers of this report. Most recent data
includes Stevens and Pend Oreille County reflecting the newly defined MSA boundaries. Last
year showed an uptick in the labor force—the first time since the depths of the most recent
recession. The data for 2017 show a slight increase from the previous year. The unemployment
rate has continued to drop since the recession and through the recovery.
The new expanded data series shows total “non-ag, wage and salary” jobs at 244,700,
approximately 10,200 additional jobs from 2015. Approximately 7% of total non-ag jobs continue
to be in the manufacturing sector. However, the job mix is changing dramatically with more high
paying tech and health care jobs.
Kootenai County
Contrary to Spokane County, the labor force in Kootenai County started to shift gears in 2011 and
expanding and accelerated by mid-2014. If the numbers don’t get revised (like they often do),
Kootenai County’s labor force grew 1.6% in 2016—the fastest growth since 2008. The number of
unemployed has dropped significantly as job opportunities become more plentiful. Total
employment climbed to over 72,500 as of March 2018 and sits at 4.2% unemployment.
Preliminary estimates show nonfarm wage and salary employment at 62,200 as of October
2017—up from the past two years. The disparity between total employed and nonfarm wage &
salary employment indicates more part-time jobs and more self-employed people in this market.
The Real Estate Report Volume 42, Number 1
Spring 2018
6
Bonner County
According to most recent estimates, the components of employment in Bonner County has
lowered the unemployment rate from 7.1% in 2014 to 4.3% in 2017—due to a drop in
unemployment coupled with an increase in the number of employed. The mix of jobs have
changed significantly in the County since the recession and the closure of large mills and
Coldwater Creek. A high tech culture is cultivated by the strong entrepreneurial spirit in the area.
The 4.3% unemployment rate is the lowest since 2008.
PERSONAL INCOME
Spokane County
Total personal income in Spokane County reached nearly $19.8 billion in 2015—the most recent
data available. This reflects a 4.2% current dollar growth rate over 2014. The annual growth rate
projected by Global Insight (provided by Avista Corp) averages approximately 4.6% annually over
the next 5 years. Per capita personal income reached $40,322 in 2015 (most recent data
available) reflecting a 2.9% current dollar growth rate over 2014. In 2015, Spokane County’s per
capita personal income was 84% of U.S. per capita income, down slightly from previous years.
Kootenai County
Total personal income in Kootenai County reached nearly $5.7 billion in 2015. This reflects a
2.8% growth rate over 2014. Per capita personal income reached $38,379 in 2015 reflecting a 4%
increase over the year in 2015 dollars. Generally, growth in both total personal and per capita
income has been on the rise since 2010.
Bonner County
Total personal income in Bonner County sits at $1.4 billion for 2015—the most recent data
available. This reflects a 3% current dollar growth rate over 2014. Per capita personal income
was $34,634 in 2015—a 2.5% increase over the year. Growth in both total personal and per
capita income has been greater each year since 2009.
TAXABLE SALES DATA
Spokane County
Taxable retail sales reached a record of $9.8 billion for 2017. Of that, 15.85% were in Contracting
Sales. The 7.7% gain in total taxable sales was a strong performance.
Kootenai County
Taxable sales plateaued in 2013 and has fallen slightly in subsequent years, down to $1.21 billion
by 2015—an approximate 7% decline from pre-recession levels (adjusted for inflation).
Bonner County
Since the closure of Coldwater Creek, total taxable retail sales have dropped 9.3% in 2014 from a
high of $353.4 million in 2013. Trends continued to incur incremental declines as expected,
dropping another 11.4% in 2015. Despite a number of improved statistics for this market, the
sales activity is troubling.
The Real Estate Report Volume 42, Number 1
Spring 2018
7
FORECLOSURES ON DEEDS OF TRUST
Spokane County
The roller coaster foreclosure problem peaked in 2002 (at 1,152), bottomed out in 2006 at 269,
and rose back up, finishing 2011 at 1,112. The 2012 figure declined substantially to 685, but the
2013 figure of 1,211 was a record high. The 2014 year ended at 982, a definite improvement over
2013, but still rather high. There were 714 foreclosures in 2015 and 2016 showed a slight
increase to 761. There were 460 foreclosures in 2017, showing signs of improvement. These
figures represent completed foreclosures.
Kootenai County
Foreclosure actions have been on the decline in Kootenai County and are back to pre-recession
levels settling at 435 in 2016 after reaching peak levels of 2,903 in 2010. There were 316
foreclosure actions in 2017. The data currently used in Kootenai County is based on a much
broader definition than in Spokane County, as it includes initial notices. Not all “notice of defaults”
may result in actual foreclosure, so is not directly comparable to Spokane. However, the trend
has been better in Kootenai County.
RESIDENTIAL BUILDING PERMITS
Spokane County
The number of single-family permits issued is on the rise once again. Following the housing
crash, the number of permits for single family homes dropped to its lowest levels since the last
double dip recession in the 1980s to 740 in 2011. By 2013, the housing market started showing
some light as the number of building permits started gaining traction throughout Spokane County.
Levels continue at this pace. As of year-end 2017, there were over 1,500 single family permits
issued, with April 2018 at 471.
Multi-family (2+ units) permit issuance are also on the rise as several large complexes have been
built and rental rates on the rise. However, this trend may slow as developers are cautious about
not saturating the market.
Kootenai County
2011 figures ran at a pre-1990 record low level for single-family (424 units), and at a fairly low
level for multi-family (202 units in 2+ unit structures). This follows a record high multi-family year
in 2007 (666 units). Since then, 2013 was the closest to reaching such levels with 451 units in
multi-family structures. There were 1,726 total dwelling unit permits in Kootenai County—1,260
single-family and 466 multi-family units.
Bonner County
A fairly new series for Bonner County show that building permits (and the post-1996 “building
location permits” which replaced them) peaked from 1992-1997, then again 2004-2007, peaking
at 1,384 in 2005. Total building location permits declined substantially from 2009 thru 2012 hitting
as low as 472 in 2012. The number of building location permits have been on the rebound
bouncing back to a total of 752 permits in 2015—the highest levels since the recession began.
The Real Estate Report Volume 42, Number 1
Spring 2018
8
There were 936 building permits reported in Bonner County in 2017. As of June 8, 2018, there
have been 464 permits reported. No breakdown into commercial versus residential (or into
residential structure types) is available.
LOTS PLATTED
Spokane County
Lot production is a bit of a roller coaster. For many years prior to 2004, lot creation had been
limited. However, that changed in the years leading up to the housing bubble. From 2004-2008,
lot creation EXCEEDED the number of single-family building permits, whereas, this was not the
case from 2009 and on as the trend reversed—single-family building permits now exceed lot
production. Lot production throughout 2015 exceeded 2014 (763 compared to 693, respectively).
Most of the lot production occurred in the southeast section of Spokane County, followed closely
by the northwest section of the county.
As of 2017, lots platted totaled 1,128, just under the 2016 amount of 1,466. There have been 257
lots platted as of 1st quarter 2018.
Kootenai County
Lots platted for Kootenai County were at 1,376 for 2017, up from 799 at year-end 2016.
Historically, lot production in Kootenai County has been lower than in Spokane County with a few
exceptional years. In more recent years, lot inventory has been extremely low which has also
driven up prices. However, in 2017, lot production in Kootenai County was 1,376 with Spokane
County at only 1,128.
RESIDENTIAL SALES
Spokane County
Sales volume has picked up since 2012 and keeping momentum. According to the MLS data
series, the peak sales number had occurred in 2005 (7,521). In recent years, residential sales
volume declined substantially bottoming out at 3,574 in 2011. By the end of 2017, 7,220 total
homes sold in Spokane County, which is just under the peak of 2005. So far, 1,301 homes were
sold in the first quarter of 2018. The largest share of homes sold in the County remains to be in
Spokane Valley (29.2%) followed closely by the northwest quadrant (29%) of the County, similarly
to preceding years.
Average and median prices rose sharply in 2016 (average prices went from $197,630 in 2015 to
$212,144 in 2016). That trend has continued through 2017 where the average price rose to
$228,732, and through first quarter 2018 is at $238,360 – the highest we have seen.
Beginning in the third quarter of 2008, the federal series on repeat existing home sales (FHFA
Index) shows the first drop in value over-the-year previous since the year 2000. These declines
accelerated in 2009 and 2010, and continued to pick up speed again in 2011 (6.6% decline from
2010). The rate of decline slowed in 2012, though still negative. After 5 years, this trend finally
changed pace into positive territory, at 1.0% in 2013 and 2014 figures showed a surprising 3.4%
positive increase. This exceptional growth continued on into 2015, jumping 5.2%. The first quarter
of most recent data in 2017 is showing a continued increase.
The Real Estate Report Volume 42, Number 1
Spring 2018
9
Kootenai County
As in Spokane County, the recession crushed residential sales volumes in 2008 reaching its
lowest levels (2,077) since 2000 (2,039). The market started rebounding, albeit, at a slow pace,
until 2013 when sales jumped 23.6 percent—from 2,509 in 2012 to 3,100 in 2013. The ensuing
years justified a 5.6% increase in 2014 and jumped 18.2% by 2015 to 3,872 total residential sales
reaching an all-time high for the Kootenai County area. There were 4,247 sales in 2016, a 10%
increase from 2015, and 4,440 sales in 2017.
Average prices peaked in 2007 at $279,314 ($319,290 adjusted for inflation) and hit a most
recent history low of $199,788 in 2011 ($210,518 adjusted for inflation). As of 2015, the average
price was $302,004—5.4% below 2007 adjusted for inflation levels. In 2017, the average price of
a home sold in Kootenai County was $330,270.
Similar to Spokane County, the recession played its toll on repeat home sales activity. Over the
past few years, the FHFA series on repeat home sales showed stronger appreciation than in
Spokane County surging 6.2% in 2013 and another 7.3% in 2014 and 7.2% in 2015.
All are showing signs of gaining consumer confidence back in the marketplace.
Bonner County
Sales of single-family homes in Bonner County have been picking up speed in recent years.
There had been a recent low of 369 single-family homes sold in 2009, following a steady decline
from the 2004 peak of 939. The subsequent two years proved stagnate with 407 sales each year
and jumping in 2012 to 615. This pace has continued and as of 2017, 767 single family homes
have sold in Bonner County with over 66% of the sales in Sandpoint and another 28% in the
Priest River and Priest Lake area. As of the first quarter of 2018, 132 single family homes were
sold in Bonner County with an average sales price of $288,375.
The average sale price in 2017 was 2.1% above the peak in 2007, and median sale price is up
3.7%.
Average days on the market was 129 in 2017, down from 141 in 2016 and 142 in 2015. Thank
you to the Selkirk Association of REALTORS for providing this series, which includes financing
information.
UNSOLD INVENTORY/RESIDENTIAL ACTIVE LISTINGS
Spokane County
This data series shows that 250 newly constructed homes on lots of less than one acre were
unsold as of April 1, 2018, at a median listing price of $344,955. The current number of new
homes unsold is slightly lower than the “typical range” going back to 1997. The average days on
market for new construction is 112, down from 140 a year ago.
The number of existing (resale) homes is down from the same month in 2017—989 compared to
1,213—and almost the same average days on the market 72 compared to 71 last April. Existing
homes are offered at a median listing price of $285,000 (about 18.8% higher than a year
previous). The current average listing price is $303,582 with an average of 72 days on the
market.
The Real Estate Report Volume 42, Number 1
Spring 2018
10
Kootenai County
This data series shows that a total of 261 newly constructed homes, and 532 existing resale
homes on less than one acre were actively listed as of June 2018, with 78 and 77 average days
on the market, respectively. The figures from this data series may include some properties having
a purchase agreement pending closing.
AFFORDABLE HOUSING INDEX
The Housing Affordability Index measures the ability of median income family to carry the mortgage
payments on a median price home. When the index is 100 there is a balance between the family's ability
to pay and the cost. Higher index numbers indicate housing is more affordable. All loans are assumed to
be 30 year loans. This "all buyer" index assumes 20% down payment. It is assumed 25% of income can
be used for principal and interest payments.
Spokane County
Housing has become increasingly affordable since 2009 in Spokane County. According to
University of Washington’s Runstad School for Real Estate Studies, Spokane County is one of
the most affordable metro areas in Washington, with a current index of 160.5 (4Q 2017). The
statewide index is 118.2. The pattern is similar for first time buyers.
Kootenai County
We have unfortunately lost the ability to update this index for Kootenai County, but hope to regain
it in the near future.
APARTMENT VACANCY SURVEY
Spokane County
The most recent survey (March 2018) showed an overall vacancy rate of 1.3%. This is slightly
lower than the same time last year and is low compared to historical survey periods. South
Spokane has the highest vacancy rate at 2.6% and West has the lowest at 0.7%. Vacancy rates
by bedroom configurations historically have fluctuated. According to the most recent survey,
vacancies are currently highest for “3 Bedroom/2 Bath” units and lowest for “Studio” and “3
Bedroom/1 Bath” units.
We must note that the survey conducted since March 2015 by the Runstad Center have included
well below the standard amount of units surveyed (should be around 10,000 and was only 6,707
in Spring 2015 and 8,876 in Fall 2015). The spring 2016 survey indicated that the sample size
had returned to normal with 11,397 apartment units surveyed but the fall 2016 sample was back
to 7,434. Spring 2017 was back up at 10,256 units surveyed, and fall 2017 reported 18,260 units
surveyed. However, Spring 2018 dropped to 8,403 units surveyed. This survey does not include
units built before 1963.
Kootenai County
As of March 2018, Kootenai County had an estimated apartment vacancy rate of 0.4%. This is
low in historical terms. This survey only includes the Coeur d’Alene area, and only 1,123 units
were surveyed.
The Real Estate Report Volume 42, Number 1
Spring 2018
11
OFFICE/RETAIL/INDUSTRIAL OCCUPANCY
Spokane County
The copyrighted (used here with permission) current survey of competitive office space from
Valbridge Property Advisors (February 2018) suggests that office occupancy in Class “A” space in
the Central Business District (CBD) has increased from 10.22% in October 2017 to 10.98% in
February 2018—a substantial improvement over the February 2005 survey (24.4% vacant).
Lower grade CBD space showed mixed results, with Class “B” vacancy at 19.49% and Class “C”
at 14.98%, up from the record low vacancy (4.4%) in the fall of 2008, but improved from 2010-
2014 results.
Office vacancy is currently at 15.7%. The geographic area with the highest vacancy rates is West
of the Spokane River. The North region increased to 23% with the vacancy of the Guardian Life
Insurance Building in north Spokane.
Medical office space (no geographic breakdown) reached its highest occupancy since 1994 in the
fall of 2014 when vacancy rose to 13.2%. However, it has improved significantly in more recent
surveys and remains around 10%. Through most of the earlier part of the 2000s, vacancies
moderated around the 6%-9% vacancy level.
Retail occupancy rates tend to be lowest of the classes and show stable conditions in all areas.
The South area remains the strongest retail market, at only 4% vacant. The South showed the
largest fluctuation since the last survey, increasing to 6.2%.
According to Valbridge’s survey, industrial space county-wide has been on the decline since 2013
and are relatively low in every geographic area.
Kootenai County
This survey is only updated once a year each summer. Office vacancy rates fluctuated by area in
Kootenai County. Of the areas surveyed, the average office vacancy rate is 4.78%. The data
show office space in Coeur d’Alene with a vacancy rate of 4.6%, Post Falls at 6.09% and 4.85%
in Hayden. Office rates dropped in all areas surveyed but Hayden.
Of the areas surveyed, the average retail vacancy rate was 5.7%. Vacancy rates increased
slightly in the more populous cities. Rathdrum saw the largest increase to 10.49% and remains
the highest amongst all areas.
The Real Estate Report Volume 42, Number 1
Spring 2018
12
SPOKANE-KOOTENAI REAL ESTATE RESEARCH COMMITTEE
The Spokane-Kootenai Real Estate Research Committee is a non-profit corporation which provides a means for
developing a reliable data base of statistics and trends in real estate and related activities in Spokane County,
Washington, and Kootenai and Bonner Counties, Idaho. The organization publishes a semi-annual report of its
findings. In addition to important real estate statistics, these reports sometimes include feature articles on major
topics affecting the region. Membership in the organization is composed of professionals in real estate, mortgage
lending, economics, higher education and government. Those groups, as well as employers and real estate
investors, will find this report a valuable reference tool for decision making and long range planning.
OFFICERS:
Ali Taylor, 2018 Chairman (208) 667-0664
Tom Hix, 2018 Vice-Chairman (509) 622-3502
Kim Etherton, 2018 Treasurer (509) 319-5502
Dale Strom, Administrative Officer (509) 998-9767
SUBCOMMITTEE CHAIRS:
Anne Anderson, Research Guidance (208) 665-2443
Tom Hix, 2019 Market Forum (509) 622-3502
Vacant, Internal Audit
REPORT EDITORS:
Keri Copley (509) 747-0999
Dale Strom (509) 998-9767
GENERAL SUMMARY CONTRIBUTOR:
Keri Copley (509) 747-0999
(continued)
The Real Estate Report Volume 42, Number 1
Spring 2018
13
SPOKANE-KOOTENAI REAL ESTATE RESEARCH COMMITTEE
(continued)
SPOKANE COUNTY MEMBER ORGANIZATIONS AND TRUSTEES:
Avista Corporation
Grant Forsyth (509) 495-2765
Bank of America
Katherine Morgan (509) 227-0063
Harmony RP, Inc.
Tom Power (509) 475-6309
Institute of Real Estate Management
Tom Hix (509) 623-1000
JMA Commercial Real Estate
Jamie Traeger (509) 927-7747
Journal of Business
Paul Read (509) 456-5257
Kiemle & Hagood Company
Mike Livingston (509) 838-6541
Kutak Rock LLP
Nathan Smith (509) 747-4040
Mia LLC
Connie Bischoff (509) 994-0351
Providence Health & Services
Ryan Walters (509) 280-2707
Realty Mart Property Management
John Cornett (509) 324-2812
Runstad Center for Real Estate Studies/UW
James Young (206) 685-7088
Spokane Association of Realtors
Rob Higgins (509) 326-9222
(continued)
The Real Estate Report Volume 42, Number 1
Spring 2018
14
SPOKANE-KOOTENAI REAL ESTATE RESEARCH COMMITTEE
(continued)
SPOKANE COUNTY MEMBER ORGANIZATIONS AND TRUSTEES:
Spokane City Planning Department
Andrew Worlock (509) 625-6991
Spokane Home Builders Association
Joel White (509) 532-4990
Spokane Valley Planning Department
Mike Basinger (509) 720-5331
Umpqua Bank
Kim Etherton (509) 319-5502
Valbridge Property Advisors
Carl Durkoop (509) 747-0999
Bruce Jolicoeur (509) 747-0999
Washington State Employment Security Department
Doug Tweedy (509) 532-3188
Washington Trust Bank
Brad Stevens (509) 358-3724
Windermere Manito Commercial
Chris Bornhoft (509) 242-8108
(continued)
The Real Estate Report Volume 42, Number 1
Spring 2018
15
SPOKANE-KOOTENAI REAL ESTATE RESEARCH COMMITTEE
(continued)
KOOTENAI COUNTY MEMBER ORGANIZATIONS AND TRUSTEES:
Century 21 Beutler & Associates
Graham Hanson (208) 691-9695
Coeur d'Alene Association of Realtors
Ali Taylor (208) 667-0664
Rick Vernon (509) 994-4678
Idaho Department of Labor
Sam Wolkenhauer (208) 332-3570 ext. 4451
Kiemle & Hagood Co.
Josh Beebe (208) 770-2590
Chris Schreiber (208) 770-2590
Lakeshore Realty
Anne Anderson, CCIM (208) 665-2443
The Metts Group/Fortus Realty
Alivia Metts (208) 277-6940
Morse and Company
Ed Morse (208) 667-5583
North Idaho Title
Rick Brown (208) 765-3333
Gavin Jacobson (208) 765-3333
Panhandle Area Council
Wally Jacobson (208) 772-0584, Ext. 3018
Parkwood Business Properties
Charlie Nipp (208) 667-4086
Pioneer Title
Michelle Fink (208) 691-4758
Washington Trust Bank
Katie Marcus (208) 667-2521
(continued)
The Real Estate Report Volume 42, Number 1
Spring 2018
16
SPOKANE-KOOTENAI REAL ESTATE RESEARCH COMMITTEE
(continued)
BONNER COUNTY MEMBER ORGANIZATIONS AND TRUSTEES:
Real Estate Economics
Dave Eacret (208) 255-6840
Realm Partners
Tom Puckett (208) 255-7772
Selkirk Association of Realtors
Stephanie Rief (208) 265-2227
SEATTLE AREA MEMBER ORGANIZATIONS AND TRUSTEES:
Colliers International Valuation & Advisory Services
Reid Erickson (206) 343-7477
The Real Estate Report Volume 42, Number 1
Spring 2018
17
PAST AND CURRENT OFFICERS
OF THE SPOKANE-KOOTENAI REAL ESTATE RESEARCH COMMITTEE
YEAR CHAIRMAN VICE-CHAIRMAN SECRETARY TREASURER ADMINISTRATIVE
OFFICER
1977 Marion Hess
1978 Marion Hess
1979 Dave Walsh
1980 Dave Walsh
1981 Dave Walsh
1982 Dale Strom Dave Eacret Gary Chilton Dean Daniels
1983 Dale Strom Karl Albrecht Gary Chilton Dean Daniels
1984 Phil Kuharski Dale Strom Anita Purdy Dean Daniels
1985 Phil Kuharski Dale Strom Shik Young --
1986 Keith Green Rick Mendoza John Bennett Rob Higgins Dale Strom
1987 Keith Green Rick Mendoza Mary Bates Rob Higgins Dale Strom
1988 Rob Higgins Mary Bates -- Bob Curtis Dale Strom
1989 Mary Bates Bob Curtis -- John Bennett Dale Strom
1990 Bob Curtis John Bennett -- Steve Gill Dale Strom
1991 Steve Gill John Bennett -- Meri Berberet Dale Strom
1992 John Bennett Meri Berberet -- Dave Auble Dale Strom
1993 Meri Berberet Dave Auble -- Tom Power Dale Strom
1994 Dave Auble Tom Power -- Gary Chilton Dale Strom
1995 Tom Power Gary Chilton -- Dirk Scott Dale Strom
1996 Gary Chilton Dirk Scott -- Alison Bantz Dale Strom
1997 Dirk Scott Alison Bantz -- Glenn Crellin Dale Strom
1998 Alison Bantz Glenn Crellin -- Shirley Hindley Dale Strom
1999 Glenn Crellin Shirley Hindley -- Brian Reid Dale Strom
2000 Shirley Hindley Brian Reid -- Carl Durkoop Dale Strom
2001 Brian Reid Carl Durkoop -- Randy Barcus Dale Strom
2002 Carl Durkoop Randy Barcus -- Al Haslebacher Dale Strom
2003 Randy Barcus Al Haslebacher -- Scot Auble Dale Strom
2004 Al Haslebacher Scot Auble -- Carrie Oja Dale Strom
2005 Scot Auble Carrie Oja -- Connie Bischoff Dale Strom
2006 Carrie Oja Connie Bischoff -- Grant Forsyth Dale Strom
2007 Connie Bischoff Grant Forsyth -- Anne Anderson Dale Strom
2008 Grant Forsyth Anne Anderson Joel White Dale Strom
2009 Anne Anderson Joel White Doug Dittamore Dale Strom
2010 Joel White Doug Dittamore Rick Vernon Dale Strom
2011 Doug Dittamore Rick Vernon Bruce Jolicoeur Dale Strom
2012 Rick Vernon Bruce Jolicoeur Tim Redfern Dale Strom
2013 Bruce Jolicoeur Tim Redfern Michelle Fink Dale Strom
2014 Tim Redfern Michelle Fink Ryan Walters Dale Strom
2015 Michelle Fink Ryan Walters Paul Read Dale Strom
2016 Ryan Walters Paul Read Ali Taylor Dale Strom
2017 Paul Read Ali Taylor Tom Hix Dale Strom
2018 Ali Taylor Tom Hix Kim Etherton Dale Strom
The Real Estate Report Volume 42, Number 1
Spring 2018
18
ACKNOWLEDGEMENTS
We wish to give special thanks to the following people and institutions for their assistance in the preparation of
this report:
Rob Higgins, Debbie Crowder, Mike Bentson, Angie Gainer and the Spokane Association of
Realtors for administrative assistance to the committee;
Ali Taylor and the Coeur d'Alene Association of Realtors for administrative assistance to the
Committee;
The Runstad Center for Real Estate Studies at the University of Washington for provision of
data, and general support;
Keri Copley for word/data processing and provision of graphics.
SUBSCRIPTIONS
Research and publication costs for this report are paid through subscription fees charged to the participants
supporting the report. Participants are charged an annual fee of $75.00 and electronically receive two editions
of the report. Participants may purchase extra copies of any edition for a charge of $25.00 per copy. Non-
participants are charged $50.00 for each copy ordered. The report may be ordered through Angie Gainer of
the Spokane Association of Realtors, 1924 N. Ash, Spokane, WA 99205, (509) 326-9222. It may also be
purchased via PayPal, accessed through www.skrerc.com.
NOTICE
This report may not be reproduced, in whole or in part, without prior authorization from the Spokane-Kootenai
Real Estate Research Committee. The data contained herein is gathered from a large number of sources. It is
believed to be reliable, but caution should be utilized in its application. The Committee makes no warranty,
express or implied, and assumes no legal liability or responsibility for the accuracy of this data.
The Real Estate Report Volume 42, Number 1
Spring 2018
19
MAP OF SPOKANE, KOOTENAI & BONNER COUNTIES
The Real Estate Report Volume 42, Number 1
Spring 2018
20
SKETCH OF SPOKANE COUNTY Spokane County was first organized in 1858 from part of Walla Walla
County. Five years later it was voted out of existence by the Territorial
Legislature and merged into Stevens County. In 1879 it was recreated
and named after the Spokane Indians; the name means "children of the
sun." It is located in the northeastern part of the state and is bounded by
Idaho on the east. The county was first visited by fur traders in 1810, who
established Spokane House as a trading center. Two years later, the
Pacific Fur Company built Fort Spokane. Missionaries arrived in the
county in the 1830s. The first permanent settlements in the county were
established in the 1870s and the county's prosperity was assured with the arrival of the Northern Pacific
Railroad in 1890. Today Spokane County has a varied economy based on services, manufacturing,
agriculture, and wholesale and retail trade. Its county seat, Spokane, is the second largest city in the state
and is a regional transportation, financial and cultural center.
AREA: 1,763.6 square miles
Ranking in state: 19th
POPULATION (2017): 499,800
Unincorporated: 144,788
Incorporated: 355,012
Percentage of state: 6.83%
Density: 276.9 persons per square mile
LEADING CITIES:
Population (2017)
Airway Heights 8,460
Cheney 11,880
Deer Park 4,105
Liberty Lake 9,910
Medical Lake 4,990
Millwood 1,790
Spokane, county seat 217,300
Spokane Valley 94,890
ETHNIC BREAKDOWN:
Spokane County 20151 Single-Race 480,832
White 428,124
Black/African American 8,785
American Indian and Alaska Native 6,748
Asian 11,136
Native Hawaiian and Other Pacific Islands 1,966
Other Race 4,970
Two or More Races 19,103
*Hispanic Origin 24,353
1U.S. Census Bureau, 2011-2015 American Community
Survey 5-Year Estimates
*Hispanic is not categorized as a separate racial
breakdown and is counted in the other categories as well.
INSTITUTIONS OF HIGHER EDUCATION:
Eastern Washington University, Cheney/Spokane
Gonzaga University, Spokane
Intercollegiate College of Nursing, Spokane
Spokane Community College, Spokane
Spokane Falls Community College, Spokane
University of Washington, Spokane
Washington State University, Spokane
Whitworth University, Spokane
PRINCIPAL ECONOMIC ACTIVITIES:
Wholesale and Retail Trade
Service Industries
Health Care and Medical
Business and Personal Services
Primary and Fabricated Metal Products
Machinery Manufacturing
Electric and Electronic Equipment
Transportation Equipment
Printing and Publishing
Food and Kindred Products
Lumber and Wood Products
Agriculture
CLIMATE: Spokane - elevation 1,875 feet
Average JAN APR JUL OCT
Max Temp 32.7 58.5 83.9 58.3
Min Temp 21.0 36.7 55.7 37.7
Mean Temp 26.9 47.6 69.8 48.5
Precipitation
(in inches) 2.04 1.10 0.57 1.21
Average Annual Maximum Temperature: 58.0
Average Annual Minimum Temperature: 38.0
Average Annual Mean Temperature: 48.0
Average Annual Precipitation: 16.15 inches
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
The Real Estate Report Volume 42, Number 1
Spring 2018
21
SKETCH OF KOOTENAI COUNTY Kootenai County is situated 100 miles south of the Canadian border, with Montana to the east and Spokane, Washington, to the west. Kootenai, the 3rd
most-populated county in Idaho, is home to the Coeur d'Alene Indian Tribe. The
city of Coeur d'Alene was named after this Native American Indian Tribe and
serves as the county seat. The area is blessed with a temperate climate and four distinct seasons. The county is known for its spectacular scenery and recreational
opportunities at the many lakes and forests. Interspersed with the forests and
lakes, the major industries include retail trade and services, tourism, health care
and social assistance and manufacturing which includes a very productive wood
product manufacturing industry.
AREA: 1,240 square miles
48.9 % rural
51.1 % urban
POPULATION (2017): 157,637
Density: 124.4 persons per square mile
LEADING CITIES (2017):
Coeur d’Alene 50,665 Dalton Gardens 2,389
Hayden 14,693
Post Falls 33,290
Rathdrum 8,281 Spirit Lake 2,318
ETHNIC BREAKDOWN (20151):
Single Race 145,046
White 136,887
Black/African American 529
American Indian and Alaska Native 2,129
Asian 1,274
Native Hawaiian and Other Pacific Islands 121
Other Race 544
Two or More Races 3,562
*Hispanic Origin 6,061
1U.S. Census Bureau, 2011-2015 American Community
Survey 5-Year Estimates
*Hispanic is not categorized as a separate racial
breakdown and is counted in the other categories as
well
INSTITUTIONS OF HIGHER EDUCATION:
Boise State University, Coeur d’Alene
Idaho State University, North Idaho Campus North Idaho College (NIC)
Lewis-Clark State College, North Idaho campus
University of Idaho, North Idaho campus
PRINCIPAL ECONOMIC ACTIVITIES
Service Industries
Retail Trade
Health Care and Social Assistance Manufacturing
Lumber and Wood Products
Construction
LARGEST EMPLOYERS:
(Not Ranked by Size)
Kootenai Health
Coeur d’Alene Resort Coeur d’Alene Casino
Coeur d’Alene School District
Hagadone Hospitality Co.
North Idaho College Esterline Advanced Input Systems
U.S. Bank (including customer service center)
CLIMATE: (Coeur d’Alene) Elevation - 2,180 feet AVERAGE SPR SUM FALL WIN
Max Temp 73 82 68 38
Min Temp 44 51 38 26
Average Annual Temperature 45.2 Average Annual Precipitation 24.0
Average Annual Snow 50.0
Source: Keri Copley, Valbridge Property Advisors (509) 747-0999
The Real Estate Report Volume 42, Number 1
Spring 2018
22
SKETCH OF BONNER COUNTY Bonner County is located in the Idaho Panhandle, directly north of Kootenai County
and south of Boundary County, between Washington and Montana. With the largest
water area of all of Idaho’s counties, Bonner County is the 8th largest of the state’s
44 counties. All of Priest Lake and most of Lake Pend Oreille are in Bonner County.
Over 44% of the county’s area is in national forest land and 15% is state owned,
leaving just under 40% of the area in private ownership. Recreational opportunities
abound with the water, forest and mountain resources with Schweitzer Mountain
Resort offering unlimited skiing and summer activities. Natural resource industries
played a major role in the development of the area with forestry, lumber and wood
products, agriculture and mining. In recent years, the area has diversified its
economy more to include manufacturing in aerospace and other high tech firms.
Sandpoint is the largest city and the center of trade in Bonner County.
AREA: 1,737.67 square miles
Ranking in state: 19th
POPULATION (2017): 43,560
Unincorporated: 35,170
Incorporated: 13,940
Percentage of state: 2.5%
Density: 24.5 persons per square mile
LEADING CITIES: (2017)
Clark Fork 561
Dover 735
East Hope 218
Hope 90
Kootenai 834
Oldtown 194
Ponderay 1,107
Priest River 1,811
Sandpoint 8,390
ETHNIC BREAKDOWN: (20151)
Bonner County
Single-Race 41,066
White 39,225
Black/African American 72
American Indian and Alaska Native 229
Asian 200
Native Hawaiian and Other Pacific Islands 65
Other Race 179
Two or More Races 1,096
*Hispanic Origin 1,102
1U.S. Census Bureau, 2011-2015 American Community
Survey 5-Year Estimates
*Hispanic is not categorized as a separate racial
breakdown and is counted in the other categories as
well.
INSTITUTIONS OF HIGHER EDUCATION:
North Idaho College Satellite Campus
PRINCIPAL ECONOMIC ACTIVITIES:
Retail Trade
Wholesale Trade
State and Local Government
Manufacturing
Tourism
Health Care and Social Assistance
Construction
LARGEST EMPLOYERS:
(Not ranked by size.)
Bonner General Hospital
Lake Pend Oreille School District
Litehouse (food product manufacturer)
Thorne Research
Schweitzer Mountain Resort
Life Care Center (skilled nursing facility)
Idaho Forest Group
Walmart
CLIMATE: Sandpoint - elevation 2,085 feet
Average JAN APR JULY OCT
Max Temp 32.3 57.2 82.1 56.9
Min Temp 20.2 33.9 48.6 34.0
Mean Temp 26.2 45.6 65.4 45.5
Precipitation
(in inches)
4.06 2.06 0.97 4.6
Average Annual Maximum Temperature: 56.6
Average Annual Minimum Temperature: 34.4
Average Annual Mean Temperature: 45.5
Average Annual Precipitation: 31.99 inches
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
23
SPOKANE
ECONOMIC
INDICATORS
24
The Real Estate Report Volume 42, Number 1
Spring 2018
25
POPULATION IN SPOKANE COUNTY
Source: U.S. Bureau of the Census (1950, 1960, 1970, 1980, 1990, 2000, 2010), Washington State OFM
based on Census data (2011-2017)
Compiled by: Keri Copley (509) 747-0999
Year
(April)
Spokane
City
Spokane
Valley
Other
Incorporated
Unin-
corporated Total
1950 161,721 ---11,027 48,813 221,561
1960 181,608 ---12,997 83,728 278,333
1970 170,516 ---14,888 102,083 287,487
1980 171,300 ---18,371 152,164 341,835
1990 177,196 ---18,334 165,834 361,364
2000 195,629 ---23,291 199,019 417,939
2010 208,916 89,755 36,453 136,097 471,221
2011 209,100 90,110 36,727 136,713 472,650
2012 210,000 90,550 38,653 136,487 475,600
2013 211,300 91,490 39,397 137,813 480,000
2014 212,300 92,050 40,246 139,904 484,500
2015 213,100 93,340 41,153 140,717 488,310
2016 214,500 94,160 41,808 142,062 492,530
2017 217,300 94,890 42,822 144,788 499,800
The Real Estate Report Volume 42, Number 1
Spring 2018
26
POPULATION PROJECTIONS FOR SPOKANE COUNTY, 2015-2040
In Thousands
Compiled by: Avista Utilities (Grant Forsyth 509-495-2765)
2015 2020 2025 2030 2035 2040
HIS (Global Insight)Feb 2018 491.2 527.8 551.4 567.7 583.0 597.8
Washington State Office of
Financial Managementa Dec 2017 488.3 516.8 539.8 564.5 583.1 598.7
a Medium Series
Agency Date of
Estimate
Year
The Real Estate Report Volume 42, Number 1
Spring 2018
27
SPOKANE COUNTY POPULATION BY AGE GROUP AND SEX
Compiled by: Alivia Metts, The Metts Group (208) 277-6940
(continued)
Age Group Male Female Total
0-4 15,372 14,455 29,827
5-9 15,741 14,309 30,050
10-14 15,399 15,105 30,504
15-19 16,177 15,666 31,843
20-24 19,292 18,747 38,039
25-29 18,480 17,529 36,009
30-34 16,248 15,506 31,754
35-39 14,569 13,007 27,576
40-44 14,421 15,339 29,760
45-49 14,930 15,206 30,136
50-54 16,596 17,262 33,858
55-59 15,677 16,973 32,650
60-64 14,858 15,467 30,325
65-69 10,877 12,278 23,155
70-74 7,789 8,163 15,952
75-79 4,741 6,495 11,236
80-84 3,641 5,494 9,135
85+3,433 5,590 9,023
Total 238,241 242,591 480,832
Median 35.7 38.7 37.2
Source: 2011-2015 American Community Survey 5-Year Estimates
2015 Estimates
The Real Estate Report Volume 42, Number 1
Spring 2018
28
SPOKANE COUNTY POPULATION BY AGE GROUP AND SEX
(continued)
Compiled by: Alivia Metts, The Metts Group (208) 277-6940
Age Group Male Female Total
0-4 14,049 13,239 27,288
5-9 14,364 13,515 27,879
10-14 13,395 12,556 25,951
15-19 13,257 12,862 26,119
20-24 13,371 13,465 26,836
25-29 14,286 14,515 28,801
30-34 15,012 15,519 30,531
35-39 14,584 15,252 29,836
40-44 13,146 13,296 26,442
45-49 9,746 9,989 19,735
50-54 7,621 7,926 15,547
55-59 7,068 7,342 14,410
60-64 6,602 7,713 14,315
65-69 6,565 8,007 14,572
70-74 5,286 6,929 12,215
75-79 3,874 5,762 9,636
80-84 2,159 3,992 6,151
85+1,395 3,705 5,100
Total 175,780 185,584 361,364
Median 31.7 34.1 32.9
Source: 1990 and 2010 Census
1990 Census
The Real Estate Report Volume 42, Number 1
Spring 2018
29
DRIVERS LICENSE SURRENDERS IN STATE OF WASHINGTON
Source: Washington State Department of Licensing: Washington State Drivers Report
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
March California Idaho Montana Oregon Washington Total
1994 2,531 340 213 1,172 543 9,503 N/A
1995 2,370 370 224 1,110 397 9,200 (3.19)%
1996 2,812 481 313 1,467 478 11,785 28.10 %
1997 3,023 532 368 1,688 1,216 14,031 19.06 %
1998 2,193 423 295 1,348 966 11,084 (21.00)%
1999 1,907 443 231 1,391 517 9,826 (11.35)%
2000 1,942 503 243 1,532 378 10,446 6.31 %
2001 2,443 556 282 1,733 301 12,610 20.72 %
2002 1,950 454 259 1,612 416 10,638 (15.64)%
2003 2,410 522 244 1,651 1 10,904 2.50 %
2004 2,288 395 197 1,548 1 9,656 (11.45)%
2005 2,507 351 214 1,444 0 10,448 8.20 %
2006 3,640 585 295 2,032 3 15,498 48.33 %
2007 2,913 526 269 1,827 11 14,365 (7.31)%
2008 2,496 561 272 1,673 33 12,995 (9.54)%
2009 1,792 185 176 1,504 9 9,710 (28.28)%
2010 1,834 414 174 1,605 9 10,516 8.30 %
2011 2,091 479 225 1,808 8 12,200 16.10 %
2012 2,337 633 264 1,737 16 13,542 11.00 %
2013 2,447 518 273 1,914 1 13,568 0.19 %
2014 3,068 640 275 2,227 0 16,439 21.16 %
2015 2,593 563 266 1,651 0 13,512 (17.81)%
2016 3,100 597 282 1,788 8 15,625 15.64 %
2017 2,934 520 216 1,600 0 14,174 (9.29)%
2018 3,712 691 287 2,230 0 18,005 27.03 %
Number of Drivers Licenses Surrendered (From)
Total %
Change
a New and Returning Residents (Previous Washington residents returning to the state are counted in the
"Washington" column until July 2002 – but subsequently are not so counted, reducing the “Washington” column
significantly). This report does not include people moving from one Washington county to another.
The Real Estate Report Volume 42, Number 1
Spring 2018
30
DRIVERS LICENSE SURRENDERS IN STATE OF WASHINGTON
(continued)
Source: Washington State Department of Licensing: Washington State Drivers Report
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
Year
Ending
March
California Idaho Montana Oregon Washington Total
1995 33,576 4,138 2,914 14,527 5,968 126,240 N/A
1996 30,687 4,681 2,876 14,341 5,396 124,851 (1.10)%
1997 31,202 5,110 3,433 16,502 8,917 140,271 12.35 %
1998 30,389 5,462 3,821 18,047 11,194 148,938 6.18 %
1999 27,160 5,218 3,518 17,543 7,422 136,489 (8.36)%
2000 24,655 5,590 3,148 17,436 5,458 128,547 (5.82)%
2001 27,352 5,596 3,056 19,720 4,040 144,523 12.43 %
2002 22,433 5,458 2,911 17,452 3,373 125,876 (12.90)%
2003 23,736 5,145 2,742 16,766 1,078 116,648 (7.33)%
2004 24,774 4,661 2,589 16,209 20 110,713 (5.09)%
2005 29,542 5,237 2,944 18,678 16 128,273 15.86 %
2006 38,207 5,850 2,985 19,845 18 155,794 21.46 %
2007 35,025 5,989 3,110 19,547 26 161,140 3.43 %
2008 27,911 5,614 2,716 17,680 266 138,998 (13.74)%
2009 26,990 5,560 2,595 18,694 101 137,751 (0.90)%
2010 23,634 5,219 2,366 19,946 81 130,654 (5.15)%
2011 28,155 6,081 2,613 23,921 80 163,996 25.52 %
2012 26,042 6,054 2,663 17,647 174 146,788 (10.49)%
2013 25,940 5,853 2,713 18,689 74 148,414 1.11 %
2014 28,934 6,015 2,776 18,696 16 157,479 6.11 %
2015 33,437 7,006 3,110 20,947 56 177,810 12.91 %
2016 38,792 7,226 3,348 22,506 23 196,319 10.41 %
2017 40,052 6,775 3,072 20,425 36 194,438 (0.96)%
2018 40,218 6,578 3,046 21,106 15 194,476 0.02 %
Total %
Change
a New and Returning Residents (Previous Washington residents returning to the state are counted in the
"Washington" column until July 2002 – but subsequently are not so counted, reducing the “Washington” column
significantly). This report does not include people moving from one Washington county to another.
Number of Drivers Licenses Surrendered (From)
The Real Estate Report Volume 42, Number 1
Spring 2018
31
DRIVERS LICENSE SURRENDERS IN STATE OF WASHINGTON
(continued)
Source: Washington State Department of Licensing: Washington State Drivers Report
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
Year End California Idaho Montana Oregon Washington Total
1994 34,643 4,124 2,920 15,184 6,225 128,872 N/A
1995 30,742 4,526 2,796 13,982 5,493 123,054 (4.51)%
1996 30,164 4,843 3,177 15,470 7,028 131,568 6.89 %
1997 30,834 5,478 3,780 17,879 11,017 148,197 12.66 %
1998 28,551 5,278 3,732 17,832 8,837 142,788 (3.65)%
1999 24,218 5,269 3,123 16,570 6,001 124,927 (12.51)%
2000 26,415 5,549 2,988 19,570 4,210 140,732 12.65 %
2001 25,099 5,969 3,430 18,765 3,389 137,940 (1.98)%
2002 22,693 5,120 2,750 16,770 2,144 116,854 (15.29)%
2003 26,269 5,113 2,766 17,350 22 118,542 1.44 %
2004 30,831 5,312 2,896 18,785 12 131,935 11.30 %
2005 36,415 5,489 2,888 19,047 14 148,013 12.19 %
2006 36,884 6,192 3,199 20,272 20 161,140 8.87 %
2007 28,923 5,499 2,748 17,949 193 142,022 (11.86)%
2008 27,408 5,948 2,675 18,353 169 140,394 (1.15)%
2009 23,899 4,949 2,354 19,607 78 124,323 (7.89)%
2010 27,332 5,898 2,542 23,551 90 159,501 28.30 %
2011 26,770 6,106 2,684 18,784 138 150,533 (5.62)%
2012 25,619 5,999 2,681 18,166 125 147,674 (1.90)%
2013 27,583 5,740 2,720 18,320 10 151,209 2.39 %
2014 32,568 6,860 3,000 20,918 64 175,302 15.93 %
2015 37,624 7,149 3,334 21,990 8 191,795 9.41 %
2016 41,311 7,203 3,346 21,815 49 202,304 5.48 %
2017 39,359 6,366 2,915 20,202 16 190,341 (5.91)%
a New and Returning Residents (Previous Washington residents returning to the state are counted in the
"Washington" column until July 2002 – but subsequently are not so counted, reducing the “Washington” column
significantly). This report does not include people moving from one Washington county to another.
Total %
Change
Number of Drivers Licenses Surrendered (From)
The Real Estate Report Volume 42, Number 1
Spring 2018
32
DRIVERS LICENSE SURRENDERS IN SPOKANE COUNTY
Source: Washington State Department of Licensing: Washington State Drivers Report
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
March California Idaho Montana Oregon Washingtona Total
1994 171 81 47 57 29 705 N/A
1995 141 87 46 41 32 645 (8.51)%
1996 170 98 61 63 20 769 19.22 %
1997 146 97 83 58 70 826 7.41 %
1998 108 96 51 67 60 706 (14.53)%
1999 94 101 44 55 39 588 (16.71)%
2000 89 130 47 64 36 670 13.95 %
2001 117 132 50 60 31 750 11.94 %
2002 94 95 60 55 70 666 (11.20)%
2003 122 107 47 61 0 639 (4.05)%
2004 147 92 38 62 0 598 (6.42)%
2005 167 70 47 54 0 657 9.87 %
2006 206 161 46 69 1 908 38.20 %
2007 285 142 42 75 0 841 (7.38)%
2008 146 132 40 66 13 766 (8.92)%
2009 105 83 33 54 0 555 (27.55)%
2010 86 74 25 44 0 505 (9.01)%
2011 105 104 35 61 0 651 28.91 %
2012 111 135 48 65 0 751 15.36 %
2013 118 128 55 49 0 753 0.27 %
2014 148 132 53 82 0 947 25.76 %
2015 136 140 47 49 0 784 (17.21)%
2016 137 179 57 69 0 945 20.54 %
2017 164 125 43 61 0 837 (11.43)%
2018 233 212 63 84 0 1,162 38.83 %
Number of Drivers Licenses Surrendered (From)
Total %
Change
a New and Returning Residents (Previous Washington residents returning to the state are counted in the
"Washington" column until July 2002 – but subsequently are not so counted, reducing the “Washington” column
significantly). This report does not include people moving from one Washington county to another.
The Real Estate Report Volume 42, Number 1
Spring 2018
33
DRIVERS LICENSE SURRENDERS IN SPOKANE COUNTY
(continued)
Source: Washington State Department of Licensing: Washington State Drivers Report
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
Year
Ending
March
California Idaho Montana Oregon Washingtona Total
1995 2,230 924 643 665 364 8,704 N/A
1996 1,726 975 576 627 275 8,205 (5.73)%
1997 1,622 1,073 681 680 651 8,589 4.68 %
1998 1,451 1,121 667 721 702 8,622 0.38 %
1999 1,340 1,098 618 692 525 7,926 (8.07)%
2000 1,266 1,196 576 762 459 7,992 0.83 %
2001 1,381 1,419 578 869 385 8,969 12.22 %
2002 1,154 1,220 530 773 323 7,792 (13.12)%
2003 1,222 1,147 513 669 102 7,267 (6.74)%
2004 1,347 1,047 454 662 0 6,893 (5.14)%
2005 1,693 1,149 580 736 0 8,129 17.93 %
2006 2,479 1,445 557 746 1 9,919 22.02 %
2007 2,318 1,469 580 836 0 10,119 2.02 %
2008 1,683 1,196 482 680 30 8,083 (20.12)%
2009 1,454 1,226 471 671 12 7,817 (3.29)%
2010 1,224 1,071 388 595 1 7,050 (9.82)%
2011 1,429 1,292 422 720 0 8,371 18.74 %
2012 1,303 1,275 434 647 0 8,108 (3.14)%
2013 1,246 1,234 459 624 4 8,134 0.32 %
2014 1,451 1,276 430 700 0 8,692 6.86 %
2015 1,676 1,651 570 760 3 10,464 20.39 %
2016 1,998 1,792 614 806 0 11,472 9.63 %
2017 2,174 1,666 588 916 1 11,610 1.20 %
2018 2,319 1,743 584 961 3 11,837 1.96 %
Total %
Change
a New and Returning Residents (Previous Washington residents returning to the state are counted in the
"Washington" column until July 2002 – but subsequently are not so counted, reducing the “Washington” column
significantly). This report does not include people moving from one Washington county to another.
The Real Estate Report Volume 42, Number 1
Spring 2018
34
DRIVERS LICENSE SURRENDERS IN SPOKANE COUNTY
(continued)
Source: Washington State Department of Licensing: Washington State Drivers Report
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
Year End California Idaho Montana Oregon Washingtona Total
1994 2,309 919 645 716 392 8,908 N/A
1995 1,761 959 573 609 300 8,212 (7.81)%
1996 1,644 1,014 635 666 514 8,218 0.07 %
1997 1,439 1,099 690 698 704 8,542 3.94 %
1998 1,430 1,113 623 702 579 8,301 (2.82)%
1999 1,197 1,095 581 713 459 7,551 (9.04)%
2000 1,402 1,421 568 870 392 8,966 18.71 %
2001 1,246 1,368 556 835 337 8,354 (6.83)%
2002 1,147 1,113 531 685 204 7,374 (11.73)%
2003 1,441 1,159 483 696 0 7,329 (0.61)%
2004 1,129 1,197 575 759 0 8,551 16.67 %
2005 2,373 1,323 538 717 0 9,418 10.14 %
2006 2,334 1,542 599 830 1 10,425 10.69 %
2007 1,874 1,186 510 710 6 8,276 (20.61)%
2008 1,515 1,303 464 683 35 8,035 (2.91)%
2009 1,277 1,057 406 609 2 7,145 (11.08)%
2010 1,397 1,233 396 695 0 8,101 13.38 %
2011 1,334 1,302 444 665 0 8,201 1.23 %
2012 1,243 1,229 433 635 4 8,180 (0.26)%
2013 1,344 1,226 445 663 0 8,206 0.32 %
2014 1,639 1,565 515 754 3 10,193 24.21 %
2015 1,940 1,723 609 786 0 11,150 9.39 %
2016 2,211 1,817 662 934 0 12,248 9.85 %
2017 2,229 1,652 542 920 4 11,358 (7.27)%
a New and Returning Residents (Previous Washington residents returning to the state are counted in the
"Washington" column until July 2002 – but subsequently are not so counted, reducing the “Washington” column
significantly). This report does not include people moving from one Washington county to another.
Total %
Change
The Real Estate Report Volume 42, Number 1
Spring 2018
35
RESIDENTIAL ELECTRICAL CUSTOMERS, SPOKANE COUNTY
(With Small Towns, and City of Spokane Valley)
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
Year City of
Spokane Total Annual
% Change
Avista Avista (County,
Except Small Towns)
Avista (Small
Towns)
Avista (City of
Spokane Valley)
Modern
Electric
Vera Water And
Power
Inland Power And
Light
2015 93,177 37,088 10,899 21,781 8,205 9,896 24,870 205,916 1.0
2016 93,734 37,557 10,984 22,042 8,255 10,007 26,015c 182,579 -11.3
2017 95,333 37,713 11,364 22,595 8,252 10,309 26,773 212,339 16.3
2018b 95,525 38,453 11,469 22643 8,190 10,502 26,896 213,678 0.6
Change
1970 To
4/2018
62.7%N/`A N/A N/A 96.0%282.3%409.0%142.7%
Suburban and Rural
Note: Modern Electric installed a new data system in 2009, and current and previous reporting is adjusted 4.5% downward back to 1995. Modern Electric changed their reporting again
in 2015, hence, the adjustment has been eliminated. Inland Power installed a new rate structure in 2014 and reclassified some accounts reflecting outbuildings (removing from
residential). To maintain comparability to past figures, 1000 meters was added to this and future reports.
a Utility service areas are not contiguous with political boundaries, but companies do not report outside of Spokane County. Avista figures represent a 12-month moving average.
b As of April 2018
cThe large increase is from a housing development that went from one primary meter to individual meters; new services in county and the remainder are a result of using a new CIS
database instead of an outdated GIS database.
The Real Estate Report Volume 42, Number 1
Spring 2018
36
RESIDENTIAL ELECTRICAL CUSTOMERS, SPOKANE COUNTY
With Small Towns, and City of Spokane Valley
(continued)
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
Year City of
Spokane Total Annual
% Change
Avista Avista (County,
Except Small Towns)
Avista (Small
Towns)
Avista (City of
Spokane Valley)
Modern
Electric
Vera Water And
Power
Inland Power And
Light
1995 80,925 40,935 8,237 N/A 6,583 6,533 17,544 160,761 N/A
1996 81,366 42,916 5,530 N/A 6,924 6,718 17,697 161,151 0.2
1997 81,789 43,286 5,184 N/A 7,248 7,103 18,078 162,688 1
1998 82,622 45,154 5,303 N/A 7,290 7,271 18,702 166,342 2.2
1999 83,019 46,277 5,372 N/A 7,353 7,417 19,211 168,649 1.4
2000 83,161 47,155 5,449 N/A 7,376 7,501 19,581 170,223 0.9
2001 83,650 48,342 5,525 N/A 7,388 7,588 19,928 172,421 1.3
2002 83,811 49,227 5,599 N/A 7,412 7,839 20,298 174,186 1
2003 84,594 50,172 5,716 N/A 7,461 7,955 20,755 176,653 1.4
2004 85,652 31,878 7,650 17,830 7,533 8,167 21,312 180,022 1.9
2005 87,579 31,886 8,614 19,282 7,585 8,350 22,163 185,495 3
2006 89,623 31,827 9,015 20,032 7,755 8,532 22,976 189,760 2.3
2007 90,429 32,837 9,245 20,211 7,845 8,687 23,800 193,054 1.7
2008 90,798 33,307 9,549 20,325 7,905 8,755 24,340 194,984 1
2009 90,820 33,689 9,743 20,420 7,910 8,775 24,660 195,058 0.5
2010 91,158 33,639 10,426 20,570 7,970 8,900 24,961 197,624 1.3
2011 91,217 33,802 10,497 20,863 7,965 9,137 24,711 198,192 0.3
2012 91,323 32,919 11,453 20,948 7,989 9,151 24,907 198,690 0.3
2013 91,980 35,160 10,266 21,157 8,033 9,310 25,061 200,967 1.1
2014 92,797 35,525 10,653 21,473 8,100c 9,645 25,694 203,887 1.5
Suburban and Rural
The Real Estate Report Volume 42, Number 1
Spring 2018
37
RESIDENTIAL ELECTRICAL CUSTOMERS, SPOKANE COUNTY
Less Small Towns Served By Avista
Compiled by: Dale Strom (509) 998-9767
Year City of
Spokane Total Annual
% Change
Avista
Avista
(County,
Except Small
Towns)
Modern
Electric
Vera Water
And Power
Inland
Power And
Light
1970 58,727 17,088 4,178 2,747 5,284 88,024
1971 59,604 17,927 4,396 2,896 5,654 90,477 2.8
1972 60,867 19,244 4,590 3,065 6,050 93,816 3.7
1973 62,028 20,537 4,672 3,203 6,473 96,913 3.3
1974 63,023 21,666 4,751 3,294 6,927 99,661 2.8
1975 63,244 22,709 4,870 3,331 7,411 101,565 1.9
1976 63,974 24,166 4,990 3,510 7,930 104,570 3
1977 65,045 26,015 5,126 3,949 8,485 108,620 3.9
1978 66,686 27,820 5,275 4,411 9,079 113,271 4.3
1979 67,936 29,462 5,379 4,677 9,715 117,169 3.4
1980 70,708 31,010 5,527 4,822 10,395 122,462 4.5
1981 70,899 31,593 5,600 4,880 11,122 124,094 1.3
1982 71,700 32,100 5,700 4,930 11,901 126,331 1.8
1983 72,474 32,580 5,780 4,937 12,139 127,910 1.2
1984 73,452 33,152 5,860 4,980 12,382 129,806 1.5
1985 74,416 33,693 5,939 5,124 12,729 131,874 1.6
1986 75,132 34,074 6,033 5,244 13,063 133,546 1.3
1987 74,497 34,765 6,000 5,424 13,715 134,401 0.6
1988 75,833 35,452 6,039 5,469 13,989 136,782 1.8
1989 76,052 35,586 6,088 5,506 14,210 137,442 0.5
1990 76,810 36,183 6,102 5,627 14,637 139,359 1.4
1991 77,679 36,894 6,199 5,777 14,784 141,333 1.4
1992 78,362 37,841 6,430 5,990 15,123 143,746 1.7
1993 78,973 38,952 6,600 6,290 15,602 146,417 1.9
1994 79,916 40,045 6,697 6,432 16,950 150,040 2.5
Suburban and Rural
a Utility service areas are not contiguous with political boundaries, but companies do not report outside of
Spokane County.
The Real Estate Report Volume 42, Number 1
Spring 2018
38
RESIDENT LABOR FORCE AND EMPLOYMENT TRENDS IN SPOKANE COUNTY
In Thousands
Source: Washington State Employment Security Department
Compiled by: Phil Kuharski (509) 326-7755 through 2011
Doug Tweedy (509) 532-3188
(continued)
Year Civilian
Labor Forceb
Total
Employmentc
Total
Unemployment
Percentage
Unemployment
2005 223.0 210.4 12.6 5.6%
2006 225.7 214.4 11.2 5.0%
2007 231.6 220.5 11.1 4.8%
2008 238.4 225.0 13.4 5.6%
2009 238.2 216.3 21.9 9.2%
2010 235.3 212.1 23.2 9.9%
2011 230.8 209.2 21.6 9.3%
2012 230.0 210.1 19.9 8.6%
2013 225.1 207.4 17.7 7.9%
2014 225.0 209.0 16.1 7.1%
2015 228.0 213.3 14.7 6.4%
2016r 234.5 219.7 14.8 6.3%
2017 240.1 227.1 13.0 5.4%
r Revised
Components of Resident Labor Force and Employment
a Yearly figures are the annual average (non-seasonally adjusted)
b Represents the total labor force in the county 16 years of age and older, able and willing to work
c Includes: Full and part-time wage and salaried workers, proprietors, self-employed, domestics and
agricultural workers, excluding members of the Armed Forces
The Real Estate Report Volume 42, Number 1
Spring 2018
39
RESIDENT LABOR FORCE AND EMPLOYMENT TRENDS IN SPOKANE COUNTY
In Thousands
(continued)
Source: Washington State Employment Security Department
Compiled by: Phil Kuharski (509) 326-7755 through 2011
Doug Tweedy (509) 532-3188
(continued)
Year Civilian
Labor Forceb
Total
Employmentc
Total
Unemployment
Percentage
Unemployment
1990 172.2 162.8 9.4 5.5%
1991 174.2 163.6 10.6 6.1%
1992 181.4 169.1 12.3 6.8%
1993 186.3 175.1 11.2 6.0%
1994 189.6 180.2 9.4 4.9%
1995 198.8 188.5 10.3 5.2%
1996 203.9 193.7 10.2 5.0%
1997 208.0 199.2 8.8 4.2%
1998 213.7 204.8 8.9 4.2%
1999 219.6 208.9 10.7 4.9%
2000 211.2 200.3 10.9 5.2%
2001 211.0 197.1 13.9 6.6%
2002 213.0 196.6 16.3 7.7%
2003 215.6 199.3 16.3 7.6%
2004 218.7 204.4 14.3 6.5%
Components of Resident Labor Force and Employment
a Yearly figures are the annual average (non-seasonally adjusted)
b Represents the total labor force in the county 16 years of age and older, able and willing to work
c Includes: Full and part-time wage and salaried workers, proprietors, self-employed, domestics and
agricultural workers, excluding members of the Armed Forces
The Real Estate Report Volume 42, Number 1
Spring 2018
40
RESIDENT LABOR FORCE AND EMPLOYMENT TRENDS IN SPOKANE COUNTY
In Thousands
(continued)
Source: Washington State Employment Security Department
Compiled by: Phil Kuharski (509) 326-7755 through 2011
Doug Tweedy (509) 532-3188
Year Civilian
Labor Forceb
Total
Employmentc
Total
Unemployment
Percentage
Unemployment
1970 112.5 104.3 7.8 7.2%
1971 115.0 107.2 9.6 8.6%
1972 118.0 109.6 9.3 8.2%
1973 123.4 114.9 9.6 8.2%
1974 130.9 119.8 11.7 9.6%
1975 124.9 113.0 11.1 9.2%
1976 133.6 123.2 10.4 7.8%
1977 137.1 126.3 10.8 7.9%
1978 146.1 137.0 9.1 6.2%
1979 152.0 141.7 10.3 6.8%
1980 151.7 139.4 12.3 8.1%
1981 151.0 135.7 15.3 10.1%
1982 153.0 134.2 18.8 12.3%
1983 155.6 140.1 15.5 10.0%
1984 157.3 144.3 13.0 8.3%
1985 159.0 146.4 12.6 7.9%
1986 164.2 150.8 13.4 8.2%
1987 165.6 153.1 12.6 7.6%
1988 164.6 154.5 10.2 6.2%
1989 169.5 158.5 11.0 6.5%
Components of Resident Labor Force and Employment
The Real Estate Report Volume 42, Number 1
Spring 2018
41
NONAGRICULTURAL WAGE AND SALARY EMPLOYMENT TRENDS
IN SPOKANE COUNTY (HISTORICAL) AND SPOKANE-SPOKANE VALLEY MSA (CURRENT)
In Thousands
Source: Washington State Employment Security Department
Compiled by: Phil Kuharski (509) 326-7755 through 2011
Doug Tweedy (509) 532-3188
(continued)
Year Total Nonagriculturalb Manufacturing Nonmanufacturing
2005 206.1 17.6 188.5
2006 212.8 18.5 194.3
2007 217.8 18.9 198.9
2008 218.9 18.2 200.7
2009 209.0 15.2 193.8
2010 204.5r 14.5 190.0r
2011 204.2 15.0 189.2
2012 207.3 15.1 192.2
2013 214.3 15.2 199.1
2014 231.5 16.9 214.6
2015 234.5 17.0 217.5
2016 240.7 17.1 223.6
2017 244.7 17.0 227.7
Components of Total Nonagricultural Wage and Salary Employment
a Yearly figures are the annual average (non-seasonally adjusted).
b Excludes proprietors, self-employed, members of armed services, workers in private households and agricultural
workers. Includes all full and part-time wage and salary workers receiving pay during the pay period.
Note: As of their January/February 2003 report, the ESD began coding all industry information by the new North American
Industry Classification System (NAICS) rather than by the previous Standard Industrial Classification (SIC) code. The 1990
and later non-agricultural annual average figures have been revised to reflect this conversion.
The Real Estate Report Volume 42, Number 1
Spring 2018
42
NONAGRICULTURAL WAGE AND SALARY EMPLOYMENT TRENDS
IN SPOKANE COUNTY (HISTORICAL) AND SPOKANE-SPOKANE VALLEY MSA (CURRENT)
In Thousands
(continued)
Source: Washington State Employment Security Department
Compiled by: Phil Kuharski (509) 326-7755 through 2011
Doug Tweedy (509) 532-3188
(continued)
Year Total Nonagriculturalb Manufacturing Nonmanufacturing
1990 151.4 18.7 132.7
1991 156.2 18.7 137.5
1992 161.8 18.3 143.5
1993 167.7 18.6 149.2
1994 174.9 20.0 154.8
1995 178.4 21.5 156.9
1996 181.4 22.0 159.4
1997 184.7 22.3 162.4
1998 188.1 21.9 166.2
1999 191.2 21.4 169.8
2000 195.8 21.9 173.9
2001 198.8 20.1 178.8
2002 195.6 17.6 178.0
2003 197.9 17.1 180.8
2004 200.4 17.1 183.3
Components of Total Nonagricultural Wage and Salary Employment
a Yearly figures are the annual average (non-seasonally adjusted)
b Excludes proprietors, self-employed, members of armed services, workers in private households and agricultural
workers. Includes all full and part-time wage and salary workers receiving pay during the pay period.
The Real Estate Report Volume 42, Number 1
Spring 2018
43
NONAGRICULTURAL WAGE AND SALARY EMPLOYMENT TRENDS
IN SPOKANE COUNTY (HISTORICAL) AND SPOKANE-SPOKANE VALLEY MSA (CURRENT)
In Thousands
(continued)
Source: Washington State Employment Security Department
Compiled by: Phil Kuharski (509) 326-7755 through 2011
Doug Tweedy (509) 532-3188
Year Total Nonagriculturalb Manufacturing Nonmanufacturing
1970 90.1 12.6 77.5
1971 91.4 12.3 79.1
1972 94.7 12.8 81.9
1973 98.3 14.1 84.2
1974 104.8 14.4 90.4
1975 101.6 13.3 88.3
1976 108.2 14.6 93.6
1977 114.1 15.7 98.4
1978 123.5 17.5 106.0
1979 125.2 17.8 107.4
1980 127.7 17.0 110.7
1981 125.7 16.4 109.3
1982 122.6 16.3 106.3
1983 125.5 16.4 109.1
1984 134.0 17.8 116.2
1985 135.8 17.0 118.8
1986 137.8 17.8 120.0
1987 141.9 18.4 123.5
1988 144.3 19.0 125.3
1989 148.7 19.2 129.5
Components of Total Nonagricultural Wage and Salary Employment
The Real Estate Report Volume 42, Number 1
Spring 2018
44
TOTAL PERSONAL INCOME IN SPOKANE COUNTY
Source: U.S. Department of Commerce, Bureau of Economic Analysis Washington Region Econ. Analysis
Project
Compiled by: Phil Kuharski (509) 326-7755; through 2010
Grant Forsyth, Avista Corp. (509) 495-2765; 2011-present
(continued)
Year
2000 11,197,422 8.1 12,427,197 5.44 5.80
2001 11,195,383 (0.0)12,189,592 (1.91)5.60
2002 11,526,277 3.0 12,383,704 1.59 5.70
2003 12,001,244 4.1 12,643,845 2.10 5.70
2004 12,629,764 5.2 12,989,918 2.74 5.60
2005 13,186,154 4.4 13,186,154 1.51 5.60
2006 14,196,700 7.7 13,826,830 4.86 5.50
2007 15,384,172 8.4 14,617,348 5.72 5.50
2008 16,588,766 7.8 15,295,020 4.64 5.60
2009 16,169,173 (2.5)14,917,841 (2.47)5.80
2010 16,476,090 1.9 14,953,819 0.24 5.80
2011 17,190,011 4.3 15,227,872 1.83 5.70
2012 17,909,511 4.2 15,570,428 2.25 5.50
2013 18,053,685 0.8 15,489,817 (0.52)5.40
2014 18,996,679 5.2 16,057,284 3.66 5.30
2015 19,795,682 4.2 16,674,300 3.84 5.30
a Excludes income of non-residents
b 2005 constant dollar estimates determined using the Chain-Weight Implicit Deflator for Personal Consumption
c New Benchmark March 2013
All numbers revised March 2016
NOTE: Estimates for 2001 forward reflect the results of the comprehensive revision to the national income and
product accounts (NIPAs) released in July 2013. This will create a temporary break in BEAs time series for earlier
years.
Current Dollars
(1,000s)c
Percent Change
(Current $s)
2005 Dollars
(1,000s)b
Percent Change
(2005 $s)
Percent of State
Total
The Real Estate Report Volume 42, Number 1
Spring 2018
45
TOTAL PERSONAL INCOME IN SPOKANE COUNTY
(continued)
Source: U.S. Department of Commerce, Bureau of Economic Analysis Washington Region Econ. Analysis
Project
Compiled by: Phil Kuharski (509) 326-7755; through 2010
Grant Forsyth, Avista Corp. (509) 495-2765; 2011-present
Year
1970 1,077,116 0.1 4,550,553 0.04 %7.52
1971 1,171,910 8.8 4,749,189 4.37 7.80
1972 1,292,065 10.3 5,062,951 6.61 7.95
1973 1,424,203 10.2 5,295,025 4.58 7.75
1974 1,638,829 15.1 5,518,314 4.22 7.84
1975 1,808,119 10.4 5,618,941 1.82 7.65
1976 2,035,506 12.6 5,996,483 6.72 7.70
1977 2,252,981 10.7 6,231,451 3.92 7.66
1978 2,573,012 14.2 6,650,672 6.73 7.51
1979 2,890,724 12.3 6,863,230 3.20 7.32
1980 3,252,531 12.5 6,973,395 1.61 7.24
1981 3,590,036 10.4 7,073,684 1.44 7.16
1982 3,751,582 4.5 7,004,055 (0.98)7.05
1983 4,028,994 7.4 7,211,631 2.96 7.13
1984 4,306,418 6.9 7,427,292 2.99 7.10
1985 4,457,547 3.5 7,443,885 0.22 6.93
1986 4,649,247 4.3 7,579,347 1.82 6.77
1987 4,843,580 4.2 7,613,537 0.45 6.64
1988 5,100,057 5.3 7,709,720 1.26 6.44
1989 5,542,330 8.7 8,029,453 4.15 6.34
1990 5,958,805 7.5 8,255,479 2.81 6.19
1991 6,509,818 9.2 8,704,245 5.44 6.29
1992 7,007,725 7.6 9,102,242 4.57 6.29
1993 7,410,104 5.7 9,418,147 3.47 6.34
1994 7,873,223 6.2 9,804,517 4.10 6.37
1995 8,184,913 4.0 9,972,116 1.71 6.28
1996 8,640,340 5.9 10,302,800 3.32 6.14
1997 9,151,590 6.2 10,712,008 3.97 6.03
1998 9,721,748 4.7 11,272,115 5.23 5.85
1999 10,182,065 8.5 11,618,587 3.07 5.71
a Excludes income of non-residents
b 2005 constant dollar estimates determined using the Chain-Weight Implicit Deflator for Personal Consumption
Current Dollars
(1,000s)c
Percent Change
(Current $s)
2005 Dollars
(1,000s)b
Percent Change
(2005 $s)
Percent of State
Total
The Real Estate Report Volume 42, Number 1
Spring 2018
46
PER CAPITA INCOME IN SPOKANE COUNTY
Source: U.S. Department of Commerce, Bureau of Economic Analysis
Washington Region Econ. Analysis Project
Compiled by: Phil Kuharski (509) 326-7755, through 2010;
Grant Forsyth, Avista Corp. (509) 495-2765
(continued)
2000 26,737 7.19 29,673 4.59 87.40
2001 26,472 (0.99)28,823 (2.87)83.90
2002 26,987 1.95 28,995 0.60 84.80
2003 27,864 3.25 29,356 1.25 85.20
2004 29,016 4.13 29,843 1.66 84.60
2005 29,939 3.18 29,939 0.32 83.40
2006 31,723 5.96 30,897 3.20 83.20
2007 33,726 6.31 32,045 3.72 84.70
2008 35,886 6.40 33,087 3.25 87.40
2009 34,532 (3.77)31,860 (3.71)87.70
2010 34,898 1.06 31,674 (0.58)86.60
2011 36,305 4.03 32,161 1.54 85.50
2012 37,635 3.66 32,720 1.74 85.00
2013 c 37,656 0.06 32,308 (1.26)84.70
2014 39,215 4.14 33,147 2.60 84.50
2015 40,322 2.82 33,964 2.46 83.80
r All numbers from 2000 revised November 2016
NOTE: Estimates for 2001 forward reflect the results of the comprehensive revision to the national
income and product accounts (NIPAs) released in July 2013. This will create a temporary break in
BEAs time series for earlier years.
a Excludes income of non-residents
b 2005 constant dollar estimates determined using the Chain-Weight Implicit Deflator for
Personal Consumption
c New Benchmark March 2013
Percent of
U.S. AverageYearCurrent
Dollars
Percent
Change
(Current $s)
2005 Dollarsb Percent Change
(2005 $s)
The Real Estate Report Volume 42, Number 1
Spring 2018
47
PER CAPITA INCOME IN SPOKANE COUNTY
(continued)
Source: U.S. Department of Commerce, Bureau of Economic Analysis
Washington Region Econ. Analysis Project
Compiled by: Phil Kuharski (509) 326-7755, through 2010;
Grant Forsyth, Avista Corp. (509) 495-2765
1970 3,725 0.04 15,737 (0.88)%91.21
1971 3,948 5.99 15,999 1.66 90.97
1972 4,312 9.22 16,897 5.61 91.41
1973 4,692 8.81 17,444 3.24 89.71
1974 5,297 12.89 17,836 2.25 92.80
1975 5,810 9.7 18,055 1.23 94.13
1976 6,442 10.9 18,978 5.11 95.38
1977 7,014 8.9 19,400 2.22 94.76
1978 7,816 11.4 20,203 4.14 94.82
1979 8,630 10.4 20,490 1.42 94.44
1980 9,484 9.9 20,334 (0.76)93.98
1981 10,356 9.2 20,405 0.35 92.39
1982 10,798 4.3 20,159 (1.21)90.73
1983 11,554 7.0 20,681 2.59 91.82
1984 12,187 5.5 21,019 1.63 88.27
1985 12,531 2.8 20,926 (0.44)85.61
1986 13,105 4.6 21,364 2.09 85.44
1987 13,672 4.3 21,491 0.59 84.72
1988 14,403 5.3 21,773 1.31 83.52
1989 15,557 8.0 22,538 3.51 84.54
1990 16,414 5.5 22,740 0.90 84.81
1991 17,463 6.4 23,350 2.68 88.12
1992 18,296 4.8 23,764 1.77 87.97
1993 18,865 3.1 23,977 0.90 88.22
1994 19,755 4.7 24,601 2.60 88.60
1995 20,227 2.4 24,644 0.17 86.95
1996 21,167 4.6 25,240 2.42 86.60
1997 22,310 5.4 26,114 3.46 86.96
1998 23,510 5.4 27,259 4.38 86.25
1999 24,510 4.3 27,968 2.60 86.51
a Excludes income of non-residents
b 2005 constant dollar estimates determined using the Chain-Weight Implicit Deflator for Personal
Consumption
Year Current
Dollars
Percent
Change
(Current $s)
2005 Dollarsb Percent Change
(2005 $s)
Percent of
U.S. Average
The Real Estate Report Volume 42, Number 1
Spring 2018
48
TOTAL PERSONAL INCOME IN SPOKANE COUNTY
AS PROVIDED BY AVISTA CORPORATION
Compiled by: Grant Forsyth, Avista Corp. (509) 495-2765
(continued)
2000 11.05 8.5
2001 11.39 3.1
2002 11.62 2.0
2003 11.97 3.0
2004 12.51 4.5
2005 13.03 4.2
2006 14.15 8.6
2007 15.33 8.3
2008 16.57 8.1
2009 16.17 (2.4)
2010 16.48 1.1
2011 17.19 4.2
2012 17.91 4.2
2013 18.05 2.4
2014 19.00 5.2
2015 a 19.80 4.2
2016 a 20.82 5.2
2017 a 21.55 3.5
2018 a 22.49 4.4
2019 a 23.54 4.7
2020 a 24.59 4.5
2021 a 25.57 4.0
2022 a 26.64 4.2
YEAR PERSONAL INCOME
(BILLIONS $)
RATE OF
CHANGE (%)
a Projections made by Global Insight
r 2010-2021 numbers revised March 2016
The Real Estate Report Volume 42, Number 1
Spring 2018
49
TOTAL PERSONAL INCOME IN SPOKANE COUNTY
AS PROVIDED BY AVISTA CORPORATION
(continued)
Compiled by: Grant Forsyth, Avista Corp. (509) 495-2765
1975 1.81
1976 2.03 12.7
1977 2.25 10.8
1978 2.58 14.7
1979 2.91 12.7
1980 3.26 12.0
1981 3.59 10.2
1982 3.72 3.4
1983 3.98 7.1
1984 4.25 6.7
1985 4.42 4.0
1986 4.61 4.3
1987 4.81 4.4
1988 5.07 5.4
1989 5.51 8.7
1990 5.96 8.2
1991 6.51 9.2
1992 7.01 7.7
1993 7.41 5.7
1994 7.87 6.2
1995 8.18 3.9
1996 8.64 5.6
1997 9.15 5.9
1998 9.72 6.2
1999 10.18 4.7
N/A
YEAR PERSONAL INCOME
(BILLIONS $)
RATE OF
CHANGE (%)
The Real Estate Report Volume 42, Number 1
Spring 2018
50
COMPARATIVE HOUSEHOLD, FAMILY, AND PER CAPITA INCOME
FOR SPOKANE COUNTY
Source: U.S. Census (1980, 1990, and 2000)
American Community Survey (2011-2015)
Compiled by: Meri Berberet (509) 226-2448
TYPE AND LOCATION 1980
CENSUS
1990
CENSUS
2000
CENSUS
2011-2015
ACS
MEDIAN HOUSEHOLD INCOME
United States $17,084 $30,056 $41,994 $53,889
State of Washington 18,480 31,183 45,776 61,062
Spokane County 16,046 25,769 37,308 50,079
MEDIAN FAMILY INCOME
United States $20,048 $35,273 $50,046 $66,011
State of Washington 21,715 37,159 53,760 74,025
Spokane County 19,587 32,066 46,463 63,402
PER CAPITA INCOME a
United States $7,400 $14,617 $21,587 $28,930
State of Washington 8,181 15,078 22,973 31,762
Spokane County 7,294 12,986 19,233 26,093
a Aggregate household income divided by total population
The Real Estate Report Volume 42, Number 1
Spring 2018
51
DEPOSITS AT FINANCIAL INSTITUTIONS IN SPOKANE COUNTY
($ MILLIONS)
Source: Federal Home Loan Bank of Seattle (1982-2001) FDIC and NCUA, compiled for 2002-2004 by Dale
Strom, (509) 625-6325 and 2005-2014 by Phil and Robert Kuharski, (509) 326-7755; Meri Berberet
2015-2016; Keri Copley, Valbridge Property Advisors (509) 747-0999 (2017-present)
Year
1982 595.14 167.67 1,817.16 2,579.97
1983 726.13 225.59 1,716.31 2,668.03
1984 809.70 264.44 1,813.67 2,887.81
1985 871.37 302.88 1,893.63 3,067.88
1986 909.19 314.88 1,798.24 3,022.31
1987 949.48 372.82 1,801.03 3,123.33
1988 948.91 488.46 1,835.82 3,273.19
1989 1,026.29 502.12 1,843.25 3,371.66
1990 814.44 541.58 2,179.44 3,535.46
1991 802.03 592.01 2,250.64 3,644.68
1992 782.00 667.81 2,280.10 3,729.91
1993 765.54 741.24 2,309.97 3,816.75
1994 725.23 831.35 2,335.64 3,892.22
1995 753.73 844.98 2,440.50 4,039.21
1996 706.52 936.39 2,475.31 4,118.22
1997 704.96 992.43 2,278.58 3,975.97
1998 750.05 1,076.83 2,262.77 4,089.65
1999 790.95 1,214.14 2,446.67 4,451.76
2000 814.97 1,228.02 2,606.16 4,649.15
2001 810.04 1,417.30 2,803.52 5,030.86
2002 970.23 1,564.75 2,993.73 5,528.71
2003 1,132.31 1,783.59 3,190.94 6,106.84
2004 1,281.47 1,863.08 3,524.19 6,668.74
2005 1,543.70 1,937.56 3,970.56 7,451.82
2006 2,021.30 2,134.55 4,232.14 8,307.99
2007 2,173.95 2,277.72 4,524.75 8,976.42
2008 2,496.25 2,551.31 4,653.02 9,700.58
2009 1,969.14 2,931.00 5,351.69 10,251.83
2010 721.12 2,957.61 5,446.99 9,125.72
2011 887.31 3,030.00 c 5,477.91 9,395.22
2012 N/A 3,150.00 6,114.46 9,264.46
2013 N/A 2,822.44 6,228.53 9,050.97
2014 N/A 4,000.00 6,763.00 10,763.00
2015 N/A N/A 7,475.00 7,475.00
2016 N/A N/A 6,823.16 6,823.16
2017 N/A N/A 7,284.02 7,284.02
c Estimated
Thrift Credit Commercial TOTALS
a As of June 30 of each year
b Classified by FHLB of Seattle as “OTS Thrifts” or “FDIC Savings Banks”
The Real Estate Report Volume 42, Number 1
Spring 2018
52
TAXABLE CONTRACTING SALES FOR SPOKANE COUNTY
Source: Quarterly Business Review, Dept. of Revenue, State of Washington
Compiled by: Philip Kuharski (509) 326-7755; through 2011
Valbridge Property Advisors (509) 747-0999; 2012-present
(continued)
TOTAL
TAXABLE
SALES ($)
TOTAL TAXABLE
CONTRACTING
SALES ($)a
CONTRACT
SHARE OF
TOTAL SALES
(%)
CONTRACT
ANNUAL RATE
OF
CHANGE (%)
2005 6,650,436,602 949,627,441 14.27 20.49
2006 7,278,765,098 1,085,868,824 14.92 14.35
2007 7,683,954,868 1,170,824,246 15.24 7.82
2008 7,361,005,322 1,062,843,361 14.44 (9.22)
2009 6,834,241,691 913,272,931 13.36 (14.07)
2010 6,755,693,011 792,419,095 11.73 (13.23)
2011 6,901,540,979 850,587,123 12.32 7.34
2012 7,122,104,043 826,874,224 11.61 (2.79)
2013 7,561,667,944 941,777,513 12.45 13.90
2014 8,075,753,577 1,090,757,204 13.51 15.82
2015 8,512,330,467 1,106,275,072 13.00 1.42
2016 9,108,290,399 1,268,637,268 13.93 14.68
2017 9,813,141,378 1,555,777,625 15.85 22.63
YEAR
aNAICS Codes 236, 237 and 238 Construction, Heavy Const. And Special Trade Contractors
Note: This data includes both private and public sector construction performed by taxable entities located both
within, and outside of, Spokane County. The data represents materials, labor, and services provided for
construction projects located within Spokane County.
The Real Estate Report Volume 42, Number 1
Spring 2018
53
TAXABLE CONTRACTING SALES FOR SPOKANE COUNTY
(continued)
Source: Quarterly Business Review, Dept. of Revenue, State of Washington
Compiled by: Philip Kuharski (509) 326-7755; through 2011
Valbridge Property Advisors (509) 747-0999; 2012-present
TOTAL
TAXABLE
SALES ($)
TOTAL TAXABLE
CONTRACTING
SALES ($)a
CONTRACT
SHARE OF
TOTAL SALES
(%)
CONTRACT
ANNUAL RATE
OF
CHANGE (%)
1984 2,426,428,177 246,942,250 10.18 (5.50)
1985 2,414,285,829 222,079,597 9.20 (10.07)
1986 2,460,331,515 240,197,691 9.76 8.16
1987 2,471,326,858 209,367,267 8.47 (12.84)
1988 2,648,514,437 229,309,351 8.66 9.52
1989 3,005,999,890 335,166,618 11.15 14.51
1990 3,257,463,458 377,100,475 11.58 12.51
1991 3,522,305,104 420,744,500 11.95 11.57
1992 3,810,255,738 502,797,717 13.20 19.50
1993 4,174,726,145 560,403,810 13.42 11.46
1994 4,487,182,619 628,261,578 14.00 12.11
1995 4,464,111,946 552,786,342 12.38 (12.01)
1996 4,589,502,404 582,565,163 12.68 5.39
1997 4,777,048,268 568,710,950 11.91 (2.38)
1998 4,924,690,039 550,673,948 11.18 (3.17)
1999 5,234,923,736 674,415,566 12.88 22.47
2000 5,577,510,904 800,369,625 14.35 18.68
2001 5,620,053,081 735,837,996 13.03 (8.06)
2002 5,572,172,904 645,773,922 11.59 (12.24)
2003 5,820,431,115 687,829,668 11.99 8.07
2004 6,164,481,335 787,850,616 12.78 14.54
Note: This data includes both private and public sector construction performed by taxable entities located both
within, and outside of, Spokane County. The data represents materials, labor, and services provided for
construction projects located within Spokane County.
YEAR
a SIC Codes 15, 16 and 17 General Bldg., Heavy Const. And Special Trade Contractors
b First two quarters.
The Real Estate Report Volume 42, Number 1
Spring 2018
54
SPOKANE COUNTY TAXABLE RETAIL SALES
Source: Quarterly Business Review, Washington State Department of Revenue
Compiled by: Phil Kuharski, Spokane, WA (509) 326-7755; through 2011
Valbridge Property Advisors (509) 747-0999; 2012-present
(continued)
$ Amount
Taxable Sales
% Annual Change
(Spokane County)
% Annual Change
(State of Washington)
2000 5,577,510,904 6.5 6.4
2001 5,620,053,081 0.8 (0.5)
2002 5,572,172,904 (0.9)0.5
2003 5,820,431,115 4.5 2.7
2004 6,164,481,336 5.9 6.3
2005 6,650,436,602 7.9 9.3
2006 7,278,765,098 9.4 9.0
2007 7,683,954,868 5.6 7.0
2008 7,361,005,322 (4.2)(4.2)
2009 6,834,241,691 (7.2)(11.2)
2010 6,755,693,011 (1.1)(0.2)
2011 6,901,540,979 2.2 3.0
2012 7,122,104,043 3.2 5.1
2013 7,561,667,944 6.2 7.4
2014 8,075,753,577 6.8 6.6
2015 8,512,330,467 5.4 8.4
2016 9,108,290,399 7.0 9.0
2017 9,813,141,378 7.7 5.5
Year
a Taxable retail sales figures represent taxed sales activity that took place within Spokane County,
for all sectors of the economy (not just retail trade)
The Real Estate Report Volume 42, Number 1
Spring 2018
55
SPOKANE COUNTY TAXABLE RETAIL SALES
(continued)
Source: Quarterly Business Review, Washington State Department of Revenue
Compiled by: Phil Kuharski, Spokane, WA (509) 326-7755; through 2011
Valbridge Property Advisors (509) 747-0999; 2012-present
$ Amount
Taxable Sales
% Annual Change
(Spokane County)
% Annual Change
(State of Washington)
1974 1,213,449,662 ------
1975 1,227,010,380 1.1 12.7
1976 1,439,982,373 1.2 15.1
1977 1,625,121,690 1.1 16.0
1978 1,850,366,295 1.1 14.9
1979 1,865,826,810 0.8 7.4
1980 1,905,166,322 2.1 3.1
1981 1,971,440,908 3.5 5.5
1982 2,014,607,839 2.2 7.2
1983 2,291,242,422 1.1 5.2
1984 2,426,428,177 5.9 4.5
1985 2,414,285,829 (0.5)3.1
1986 2,460,331,515 1.9 8.4
1987 2,472,164,175 0.5 5.6
1988 2,649,815,940 7.2 9.8
1989 3,006,206,589 13.5 13.0
1990 3,257,463,458 8.4 10.2
1991 3,521,826,000 8.1 5.0
1992 3,810,287,000 8.2 6.2
1993 4,174,726,145 9.6 4.3
1994 4,487,182,619 7.5 6.4
1995 4,464,111,946 (0.5)2.9
1996 4,589,502,404 2.8 3.2
1997 4,777,050,895 4.1 8.8
1998 4,924,690,039 3.1 6.6
1999 5,234,922,736 6.3 7.6
a Taxable retail sales figures represent taxed sales activity that took place within Spokane County,
for all sectors of the economy (not just retail trade).
Year
The Real Estate Report Volume 42, Number 1
Spring 2018
56
COST OF LIVING INDEX FOR U.S. METROPOLITAN CITIES
100 represents the U.S. City average cost of living
Source: American Chamber of Commerce Researchers Association
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
Albuquerque, NM 94.9 93.2 93.5 84.4 101.4 101.3 97.1
Anchorage, AK 128.4 126.1 147.2 104.3 112.4 144.3 123.0
Atlanta, GA 99.0 105.6 94.4 85.8 101.0 107.9 102.1
Bakersfield, CA 104.9 111.1 88.8 136.5 117.4 105.9 103.3
Baton Rouge, LA 94.9 102.2 84.4 79.9 96.8 116.6 101.6
Bellingham, WA 113.7 105.6 125.5 80.8 120.8 115.9 114.6
Boise, ID 92.5 89.9 87.9 86.2 107.5 103.8 93.6
Boston, MA 148.2 106.2 207.0 141.8 110.8 135.8 130.0
Bozeman, MT 100.4 102.2 107.8 77.5 95.3 103.5 101.0
Charlotte, NC 96.2 96.6 86.7 100.0 96.3 105.4 101.4
Dallas, TX 102.1 95.1 104.9 104.8 99.3 101.5 102.5
Denver, CO 112.0 98.3 133.5 94.0 105.5 105.7 107.6
Eugene, OR N/A N/A N/A N/A N/A N/A N/A
Flagstaff, AZ N/A N/A N/A N/A N/A N/A N/A
Las Vegas, NV 102.5 102.3 109.7 86.7 107.3 103.7 100.0
Los Angeles, CA 148.0 113.9 240.8 107.1 125.6 109.2 108.9
Minneapolis, MN 104.9 107.0 104.8 91.6 107.9 104.9 107.3
Missoula, MT N/A N/A N/A N/A N/A N/A N/A
Peoria, IL 98.3 92.8 87.9 99.5 103.4 98.5 107.1
Phoenix, AZ 95.0 97.6 95.2 96.6 91.7 98.0 93.9
Portland, OR 129.3 115.6 179.0 78.4 106.3 107.5 117.8
Reno, NV 106.8 100.4 106.8 85.0 112.9 110.7 113.3
Sacramento, CA 117.1 117.1 136.9 89.8 122.6 104.0 109.3
Salem, OR N/A N/A N/A N/A N/A N/A N/A
Salt Lake City, UT 97.1 107.2 94.1 75.7 103.5 99.0 99.7
San Diego, CA 146.1 114.7 237.8 117.7 122.8 107.0 103.6
San Francisco, CA 192.9 125.8 361.2 115.6 134.4 124.9 128.9
Santa Fe, NM N/A N/A N/A N/A N/A N/A N/A
Seattle, WA 149.0 127.1 194.2 123.8 133.1 124.6 135.5
SPOKANE, WA 96.0 97.2 92.3 76.1 112.3 113.9 97.7
Tacoma, WA 108.4 110.4 97.3 114.3 97.2 122.3 116.0
Tri-Cities, WA 97.0 94.6 100.1 98.9 107.7 111.4 90.2
Washington, DC 155.7 113.8 253.7 114.5 112.4 100.9 122.9
Wichita, KS 92.2 93.5 71.1 110.4 98.4 96.0 101.4
Yakima, WA 93.9 103.6 79.3 81.9 115.3 116.5 97.0
Recent Spokane 100% Composite Index: 2017 Annual Average = 97.2, 3rd 2017 = 96.2, 1st 2017 = 95.7, 2nd
2015 = N/A, 2nd 2014 = 95.7, 2nd 2013 = 97.1, 1st 2013 = 94.4, 3rd 2012 = 95.9, 1st 2011 = 92.7, 1st 2010 =
93.0, 3rd 2009 = 93.8, 2nd 2009 = 93.6, 1st 2009 = 91.2, 3rd 2008 = 93.5, 2nd 2008 = 91.2, 1st 2008 = 92.5, 3rd
2007 = 95.0, 2nd 2007 = 94.7, 1st 2007 = 98.5, 4th 2006 = 97.9, 3rd 2006 = 97.4, 2nd 2006 = 95.0, 4th 2005 =
97.4, 4th 2004 = 103.8, 3rd 2004 = 102.8, 2nd 2004 = 102.3, 1st 2004 = 103.9, 4th 2003 = 100.4, 3rd 2003 =
102.1 (Index data from different quarters cannot be directly compared.)
(13.47%)(28.15%)(9.9%)(8.99%)-4.57%(34.92%)
2017 Annual Average
Location
Composite
Index
Grocery
Items Housing Utilities Transpor-
tation
Health
Care
Misc.
Items
(100%)
The Real Estate Report Volume 42, Number 1
Spring 2018
57
NATIONAL PRODUCTION, INFLATION AND INTEREST RATE INDICATORS
Table I
REAL GROSS DOMESTIC PRODUCT PER CAPITA DATA
(2009 DOLLARS)
Source: U.S. Department of Commerce, Washington, D.C.
Compiled by: Phil Kuharski, Spokane, WA (509) 326-7755; through 2011
Grant Forsyth, Avista Corp. (509) 495-2765; 2012-present
(continued)
POPULATION
(MILLIONS)
REAL GDP
(BILLIONS)
REAL GDP
PER CAPITA
2005 295.5 14,234.2 48,167 102.5
2006 298.4 14,613.8 48,977 104.2
2007 301.2 14,873.7 49,376 105.1
2008 304.1 14,830.4 48,769 103.8
2009 306.8 14,418.7 47,001 100.0
2010 309.3 14,783.8 47,792 101.7
2011 311.6 15,020.6 48,198 102.5
2012 314.0 15,354.6 48,901 104.0
2013 316.2 15,612.2 49,369 105.0
2014 318.6 16,013.3 50,258 106.9
2015 321.0 16,471.5 51,307 109.2
2016 323.4 16,716.2 51,688 110.0
2017 325.7 17,096.2 52,488 111.7
a estimated
POPULATION
YEAR
INDEX
2009 = 100
r revised
The Real Estate Report Volume 42, Number 1
Spring 2018
58
NATIONAL PRODUCTION, INFLATION AND INTEREST RATE INDICATORS
(continued)
Table I
REAL GROSS DOMESTIC PRODUCT PER CAPITA DATA
(2009 DOLLARS)
Source: U.S. Department of Commerce, Washington, D.C.
Compiled by: Phil Kuharski, Spokane, WA (509) 326-7755; through 2011
Grant Forsyth, Avista Corp. (509) 495-2765; 2012-present
POPULATION
(MILLIONS)
REAL GDP
(BILLIONS)
REAL GDP
PER CAPITA
1980 227.2 6,450.4 28,388 60.4
1981 229.5 6,617.7 28,840 61.4
1982 231.7 6,491.3 28,020 59.6
1983 233.8 6,792.0 29,051 61.8
1984 235.8 7,285.0 30,892 65.7
1985 237.9 7,593.8 31,917 67.9
1986 240.1 7,860.5 32,734 69.6
1987 242.3 8,132.6 33,566 71.4
1988 244.5 8,474.5 34,661 73.7
1989 246.8 8,786.4 35,599 75.7
1990 249.6 8,955.0 35,874 76.3
1991 253.0 8,948.4 35,372 75.3
1992 256.5 9,266.6 36,125 76.9
1993 259.9 9,521.0 36,631 77.9
1994 263.1 9,905.4 37,645 80.1
1995 266.3 10,174.8 38,211 81.3
1996 269.4 10,561.0 39,203 83.4
1997 272.6 11,034.9 40,473 86.1
1998 275.9 11,525.9 41,783 88.9
1999 279.0 12,065.9 43,241 92.0
2000 282.2 12,559.7 44,512 94.7
2001 285.0 12,682.2 44,504 94.7
2002 287.6 12,908.8 44,881 95.5
2003 290.1 13,271.1 45,745 97.3
2004 292.8 13,773.5 47,040 100.1
r revised
POPULATION
YEAR
INDEX
2009 = 100
The Real Estate Report Volume 42, Number 1
Spring 2018
59
NATIONAL PRODUCTION, INFLATION AND INTEREST RATE INDICATORS
Table II
GDP INFLATION DATA SINCE THE BEGINNING OF 1980
Source: U.S. Department of Commerce, Washington, D.C.
Compiled by: Phil Kuharski, Spokane, WA (509) 326-7755; through 2011
Grant Forsyth, Avista Corp. (509) 495-2765; 2012 – present
(continued)
2005 3.2 109
2006 3.1 105
2007 2.7 103
2008 2.0 101
2009 0.8 100
2010 1.2 99
2011 2.1 97
2012 1.8 95
2013 1.6 94
2014 1.8 92
2015 1.1 91
2016 1.3 90
2017 1.8 88
YEAR
G.D.P.
DEFLATOR
% INCREASE *
VALUE OF
$100 (2009 $)
* Implicit price deflator (a measure of inflation in the broad economy)
r revised to 2009 dollars
The Real Estate Report Volume 42, Number 1
Spring 2018
60
NATIONAL PRODUCTION, INFLATION AND INTEREST RATE INDICATORS
(continued)
Table II
GDP INFLATION DATA SINCE THE BEGINNING OF 1980
Source: U.S. Department of Commerce, Washington, D.C.
Compiled by: Phil Kuharski, Spokane, WA (509) 326-7755; through 2011
Grant Forsyth, Avista Corp. (509) 495-2765; 2012 – present
1980 9.0 225
1981 9.3 206
1982 6.2 194
1983 3.9 187
1984 3.6 180
1985 3.2 175
1986 2.0 171
1987 2.5 167
1988 3.5 161
1989 3.9 155
1990 3.7 150
1991 3.3 145
1992 2.3 142
1993 2.4 138
1994 2.1 136
1995 2.1 133
1996 1.8 130
1997 1.7 128
1998 1.1 127
1999 1.4 125
2000 2.3 122
2001 2.3 119
2002 1.5 118
2003 2.0 115
2004 2.7 112
YEAR
G.D.P.
DEFLATOR
% INCREASE *
VALUE OF
$100 (2009 $)
* Implicit price deflator (a measure of inflation in the broad economy)
r revised to 2009 dollars
The Real Estate Report Volume 42, Number 1
Spring 2018
61
NATIONAL PRODUCTION, INFLATION AND INTEREST RATE INDICATORS
Table III
CPI INFLATION DATA SINCE THE BEGINNING OF 1980
Source: U.S. Bureau of Labor Statistics
Compiled by: Phil Kuharski, Spokane, WA (509) 326-7755; through 2011
Grant Forsyth, Avista Corp. (509) 495-2765; 2012 – present
(continued)
2005 3.4 51
2006 3.2 50
2007 2.9 48
2008 3.8 46
2009 (0.3)47
2010 1.6 46
2011 3.1 44
2012 2.1 44
2013 1.5 43
2014 1.6 42
2015 0.1 42
2016 1.3 42
2017 2.1 41
YEAR CONSUMER PRICE
% INCREASEa VALUE OF $100
arevised 1/88 to 1982-1984 dollars -- year-to-year change (CPI-U, all items)
rrevised
The Real Estate Report Volume 42, Number 1
Spring 2018
62
NATIONAL PRODUCTION, INFLATION AND INTEREST RATE INDICATORS
(continued)
Table III
CPI INFLATION DATA SINCE THE BEGINNING OF 1980
Source: U.S. Bureau of Labor Statistics
Compiled by: Phil Kuharski, Spokane, WA (509) 326-7755; through 2011
Grant Forsyth, Avista Corp. (509) 495-2765; 2012 – present
1980 13.5 121
1981 10.4 110
1982 6.2 104
1983 3.2 100
1984 4.4 96
1985 3.5 93
1986 1.9 91
1987 3.6 88
1988 4.1 85
1989 4.8 81
1990 5.4 77
1991 4.2 73
1992 3.0 71
1993 3.0 69
1994 2.6 67
1995 2.8 66
1996 2.9 64
1997 2.3 62
1998 1.5 61
1999 2.2 60
2000 3.4 58
2001 2.8 56
2002 1.6 56
2003 2.3 54
2004 2.7 53
arevised 1/88 to 1982-1984 dollars -- year-to-year change (CPI-U, all items)
rrevised
YEAR CONSUMER PRICE
% INCREASEa VALUE OF $100
The Real Estate Report Volume 42, Number 1
Spring 2018
63
NATIONAL PRODUCTION, INFLATION AND INTEREST RATE INDICATORS
Table IV
SELECTED REAL RATE DATA – NET OF CPI INFLATION
Source: Federal Reserve Board, Washington, D.C.
Compiled by: Phil Kuharski, Spokane, WA (509) 326-7755; through 2011
Grant Forsyth, Avista Corp. (509) 495-2765; 2012 – present
(continued)
2005 (0.3)1.1 2.5
2006 1.5 1.7 3.2
2007 1.5 2.0 3.5
2008 (2.4)0.1 2.2
2009 (0.3)3.8 5.8
2010 (1.5)1.8 3.1
2011 (3.1)(0.4)1.3
2012 (2.0)(0.3)1.6
2013 (1.4)0.9 2.5
2014 (1.6)0.9 2.6
2015 (0.1)2.0 3.7
2016 (1.0)0.6 2.4
2017 (1.2)0.2 1.9
r revised
(ANNUAL AVG INTEREST RATE
LESS ANNUAL AVERAGE CONSUMER INFLATION; REVISED)
YEAR 3 MONTH
TREASURY BILL
LONG
TREASURY
MORTGAGE
RATE
The Real Estate Report Volume 42, Number 1
Spring 2018
64
NATIONAL PRODUCTION, INFLATION AND INTEREST RATE INDICATORS
(continued)
Table IV
SELECTED REAL RATE DATA – NET OF CPI INFLATION
Source: Federal Reserve Board, Washington, D.C.
Compiled by: Phil Kuharski, Spokane, WA (509) 326-7755; through 2011
Grant Forsyth, Avista Corp. (509) 495-2765; 2012 – present
1980 (1.0)(1.2)0.2
1981 3.7 3.6 4.4
1982 4.5 6.8 8.9
1983 5.4 7.9 9.4
1984 5.3 8.1 8.1
1985 3.9 7.0 8.0
1986 4.1 5.9 8.3
1987 2.2 5.0 5.7
1988 2.6 4.9 5.1
1989 3.3 4.8 5.3
1990 2.1 3.2 4.7
1991 1.2 3.9 5.1
1992 0.5 4.7 5.4
1993 0.0 3.3 4.3
1994 1.7 4.8 5.8
1995 2.7 4.1 5.2
1996 2.0 3.7 4.8
1997 2.8 4.3 5.3
1998 3.2 4.0 5.4
1999 2.4 3.7 5.2
2000 2.4 2.5 4.7
2001 0.6 2.7 4.2
2002 0.0 3.8 4.9
2003 (1.3)2.8 3.5
2004 (1.3)2.3 3.1
YEAR 3 MONTH
TREASURY BILL
LONG
TREASURY
BOND
MORTGAGE
RATE
(ANNUAL AVG INTEREST RATE
LESS ANNUAL AVERAGE CONSUMER INFLATION; REVISED)
The Real Estate Report Volume 42, Number 1
Spring 2018
65
FORECLOSURES ON DEEDS OF TRUST IN SPOKANE COUNTY
(See chart on a following page)
Source: Records of the Spokane County Auditor; Melanie Muzatko, Records Manager and Kathy Cook, Recording Supervisor, (509) 477-2737
MONTH 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18b
Jan.93 111 109 89 86 58 29 23 37 53 52 100 51 97 109 63 56 44 17
Feb.68 89 82 94 72 55 19 21 43 65 52 102 58 82 87 56 45 45 23
March 95 121 98 94 88 58 34 28 37 66 61 98 34 98 66 60 82 67 21
April 73 70 90 75 68 37 23 20 49 51 66 91 39 130 79 66 79 54 24
May 70 100 111 111 62 37 23 21 36 66 81 114 49 149 73 45 95 41 19
June 86 110 98 88 78 36 29 25 52 79 87 82 54 97 87 72 87 23
July 89 87 102 106 66 33 21 29 52 80 103 99 66 114 81 61 46 23
Aug.116 89 114 85 70 33 17 20 43 109 121 104 51 119 66 64 57 64
Sept.75 86 77 70 57 34 18 25 56 89 115 71 45 83 94 78 81 32
Oct.82 82 103 71 65 33 20 40 68 117 103 88 57 103 84 47 56 25
Nov.76 91 87 69 50 26 13 24 46 62 88 78 75 56 73 37 36 25
Dec.77 74 81 78 44 44 23 28 41 88 111 85 106 83 83 65 41 17
TOTALa 1000 1110 1152 1030 806 484 269 304 560 925 1040 1112 685 1211 982 714 761 460
YEAR
a Represents all filings of trustee's deeds with the Spokane County Auditor (for all types of property)
b Through May 2018
The Real Estate Report Volume 42, Number 1
Spring 2018
66
FORECLOSURES ON DEEDS OF TRUST IN SPOKANE COUNTY
(See chart on following page)
Source: Records of the Spokane County Auditor; Melanie Muzatko, Records Manager and Kathy Cook, Recording Supervisor, (509) 477-2737
MONTH 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99
Jan.2 3 2 25 25 36 18 30 49 87 60 99 41 32 10 9 9 3 14 41 31 55
Feb.3 2 6 13 12 31 23 24 34 74 57 74 41 16 9 10 8 4 8 46 43 78
March 1 0 4 20 30 42 33 37 48 106 69 79 56 12 13 5 8 9 13 32 50 66
April 1 2 10 16 22 28 27 25 42 55 57 82 34 27 8 10 7 3 18 13 61 65
May 1 0 5 17 24 47 30 25 35 66 68 77 32 17 10 4 5 7 15 35 40 56
June 2 2 12 11 24 41 18 31 49 80 98 69 31 19 8 3 8 10 23 55 66 80
July 2 0 3 36 28 39 25 40 44 59 65 58 37 16 7 6 11 8 8 42 72 75
Aug.1 3 10 13 32 38 39 39 58 65 80 65 39 13 6 3 18 8 26 37 54 84
Sept.2 1 5 10 26 40 46 28 62 64 52 29 19 17 9 3 8 19 21 49 59 70
Oct.0 6 12 30 35 17 45 30 52 60 62 51 23 14 4 7 8 13 22 54 66 63
Nov.2 5 9 14 32 22 31 30 69 69 88 41 26 10 7 5 5 5 24 28 54 64
Dec.4 2 22 15 40 27 33 48 87 62 97 45 21 14 8 5 7 13 28 42 62 79
TOTALa 21 26 100 220 330 408 368 387 629 847 853 769 400 207 99 70 102 102 220 474 658 835
a Represents all filings of trustee's deeds with the Spokane County Auditor (for all types of property)
YEAR
The Real Estate Report Volume 42, Number 1
Spring 2018
67
FORECLOSURES ON DEEDS OF TRUST IN SPOKANE COUNTY
See data on previous pages
68
69
SPOKANE
REAL ESTATE
ACTIVITY
INDICATORS
70
The Real Estate Report Volume 42, Number 1
Spring 2018
71
RESIDENTIAL BUILDING PERMITS
SPOKANE COUNTY
(Number of Units)
Sources: Construction Monitor
Liberty Lake Planning and CD Department; Zach Johnson (509) 755-6700
Spokane County Building Department; Jeff Forry (509) 477-7103
Spokane City Building Department; Lori Patrick (509) 625-6016
Spokane Valley Building Department; Deanna Griffeth (509) 720-5301
(continued)
Total
Dwelling
Units
Single
Family
Units
Duplex
Units
Units in
3 - 4 Unit
Structures
Units in
5+ Unit
Structures
1995 2,534 1,395 114 51 974
1996 2,805 1,330 86 32 1,357
1997 1,821 1,051 50 3 717
1998 2,461 1,549 90 13 809
1999 2,142 1,465 84 31 562
2000 1,866 1,181 46 17 622
2001 2,118 1,349 76 48 645
2002 2,129 1,357 90 18 664
2003 2,213 1,690 108 18 397
2004 3,523 1,905 160 41 1,417
2005 3,790 2,707 162 72 849
2006 3,426 2,311 118 57 920
2007 2,755 2,109 72 29 545
2008 2,004 1,041 100 30 833
2009 1,320 733 34 21 532
2010 1,487 891 62 0 534
2011 1,632 767 50 0 815
2012 1,145 858 56 7 224
2013 1,998 1,181 60 11 746
2014 1,785 995 90 10 690
2015 r 2,733 1,456 76 19 1,182
2016 3,665 1,811 92 40 1,722
2017 3,204 1,517 156 27 1,504
2018 b 671 471 70 0 130
Year
Note: Data from 2015 to present were collected from U.S. Census Building Permit program (jurisdictions
report building permit data to this program)
a Data represents City of Spokane, City of Spokane Valley, Liberty Lake and unincorporated areas of the
County only, and excludes mobile homes
r Revised
b Data through April 2018
The Real Estate Report Volume 42, Number 1
Spring 2018
72
RESIDENTIAL BUILDING PERMITS
SPOKANE COUNTY
(Number of Units)
(continued)
Sources: Liberty Lake Planning and CD Department; Zach Johnson (509) 755-6700
Spokane County Building Department; Jeff Forry (509) 477-7103
Spokane City Building Department; Lori Patrick (509) 625-6016
Spokane Valley Building Department; Deanna Griffeth (509) 720-5301
Note: See chart on following page
Total
Dwelling
Units
Single
Family
Units
Duplex
Units
Units in
3 - 4 Unit
Structures
Units in
5+ Unit
Structures
1970 2468 1290 224 49 905
1971 3611 1708 254 154 1495
1972 3504 2003 256 120 1125
1973 2576 1335 208 92 941
1974 1815 1269 176 36 334
1975 2248 1488 194 9 557
1976 3613 2211 452 112 828
1977 5651 3409 736 257 1249
1978 4413 2675 400 324 1014
1979 3662 1908 270 317 1167
1980 1314 909 68 66 271
1981 1315 683 62 259 311
1982 796 576 34 68 118
1983 1211 905 90 27 189
1984 1809 995 108 51 655
1985 1849 980 108 155 606
1986 1729 937 106 55 631
1987 1238 828 36 4 370
1988 1007 675 40 27 265
1989 1484 941 36 17 490
1990 1724 1324 82 0 318
1991 2344 1571 70 17 686
1992 2697 1934 78 28 657
1993 3156 2124 106 46 880
1994 2843 1897 150 65 731
Year
a Data represents City of Spokane, City of Spokane Valley, Liberty Lake and unincorporated areas of the
County only, and excludes mobile homes
The Real Estate Report Volume 42, Number 1
Spring 2018
73
RESIDENTIAL BUILDING PERMITS
SPOKANE COUNTY
See data on previous pages
The Real Estate Report Volume 42, Number 1
Spring 2018
74
RESIDENTIAL BUILDING PERMITS, C-40 SERIES
SPOKANE COUNTY
(Number of Units)
Source: U.S. Department of Commerce, Bureau of the Census, C-40 Construction Series
Compiled by: Keri Copley, Valbridge Property Advisors (509)747-0999
(continued)
Total
Dwelling
Units
Single
Family
Units
Duplex
Units
Units in
3 - 4 Unit
Structures
Units in
5+ Unit
Structures
1995 2716 1476 134 82 1024
1996 3401 1564 116 43 1678
1997 1878 1335 52 3 488
1998 2554 1634 98 13 809
1999 2238 1549 90 37 562
2000 2094 1328 42 55 669
2001 2223 1475 74 52 622
2002 2188 1615 28 11 534
2003 2629 1959 70 15 585
2004 3920 2108 160 59 1593
2005 4396 3557 118 96 625
2006 3764 2647 40 41 1036
2007 2777 2139 18 30 590
2008 2406 1173 94 40 1099
2009 1786 809 28 21 928
2010 1609 939 22 0 648
2011 1785 740 64 0 981
2012 1353 963 90 6 294
2013 1634 1299 76 17 242
2014 1839 1014 82 21 722
2015 2,617 1,340 76 19 1,182
2016 3,596 1,661 104 50 1,781
Year
a Includes all reporting jurisdictions within the County; excludes mobile homes
Note: This data series is included because it incorporates reporting from most small towns within the county.
However, the series is not regarded as being as accurate for the larger jurisdictions (City of Spokane, City of
Spokane Valley, and Spokane County) as the previous section of this report (made directly from those three
jurisdictions to the SKRERC), due to a variety of factors. These include clerical error, and the imputation of data
by the Department of Commerce for unreported months. Certain jurisdictions, such as the City of Spokane
Valley, are only included in the final (annual) C-40 report.
The Real Estate Report Volume 42, Number 1
Spring 2018
75
RESIDENTIAL BUILDING PERMITS, C-40 SERIES
SPOKANE COUNTY
(Number of Units)
(Continued)
Source: U.S. Department of Commerce, Bureau of the Census, C-40 Construction Series
Compiled by: Keri Copley, Valbridge Property Advisors (509)747-0999
Total
Dwelling
Units
Single
Family
Units
Duplex
Units
Units in
3 - 4 Unit
Structures
Units in
5+ Unit
Structures
1970 2730 1399 254 124 953
1971 4018 1811 268 263 1676
1972 3924 2363 286 140 1135
1973 2640 1395 212 136 897
1974 1846 1303 174 52 317
1975 2345 1559 216 84 486
1976 3700 2307 486 172 735
1977 1998 837 228 203 730
1978 4623 2754 426 365 1078
1979 3848 1967 272 245 1364
1980 1370 923 74 66 307
1981 1322 702 62 283 275
1982 829 596 38 68 127
1983 1246 1054 72 27 93
1984 1988 1051 94 54 789
1985 1906 1053 92 155 606
1986 1696 933 80 55 628
1987 1210 862 22 52 274
1988 1091 685 40 101 265
1989 1610 964 52 25 569
1990 1778 1345 88 27 318
1991 2412 1585 104 25 698
1992 2851 1986 114 37 714
1993 3299 2207 122 76 894
1994 3013 1875 156 105 877
Note: This data series is included because it incorporates reporting from most small towns within the county.
However, the series is not regarded as being as accurate for the larger jurisdictions (City of Spokane, City of
Spokane Valley, and Spokane County) as the previous section of this report (made directly from those three
jurisdictions to the SKRERC), due to a variety of factors. These include clerical error, and the imputation of data
by the Department of Commerce for unreported months. Certain jurisdictions, such as the City of Spokane
Valley, are only included in the final (annual) C-40 report.
Year
a Includes all reporting jurisdictions within the County; excludes mobile homes
The Real Estate Report Volume 42, Number 1
Spring 2018
76
ASSESSOR’S GEOGRAPHIC AREA DATA MAP
The Real Estate Report Volume 42, Number 1
Spring 2018
77
LOTS PLATTED
Source: Spokane County Records
Compiled by: Shawna Ernst and Joel Edgar, Spokane County Information Services (2003-present),
(509) 477-7531, Bernice Hanses (1976-2002)
(continued)
Year NE NW SW SE NE NW SW SE
2000 76 0 28 23 71 260 117 276 851
2001 180 82 40 74 0 294 61 467 1,198
2002 64 154 134 21 191 178 95 243 1,080
2003 24 186 99 85 103 307 212 481 1,497
2004 74 410 298 24 228 377 460 703 2,574
2005 98 180 103 0 294 542 569 729 2,515
2006 5 618 131 80 397 470 782 614 3,087
2007 86 112 292 347 142 316 341 522 2,158
2008 2 199 3 9 134 276 303 240 1,166
2009 3 64 8 7 75 46 114 123 440
2010 0 55 22 17 129 127 145 157 652
2011 0 0 63 10 41 33 33 141 321
2012 0 48 48 13 30 34 106 97 376
2013 0 0 220 27 84 196 124 300 951
2014 2 26 110 4 103 139 69 240 693
2015 2 19 140 3 68 204 115 212 763
2016 18 74 129 36 49 436 181 543 1,466
2017 0 85 77 35 76 257 285 313 1,128
2018
1 qtr.0 0 0 30 25 0 149 53 257
CITY AND
COUNTYSPOKANE COUNTYSPOKANE CITY
Total
Note: Refer to preceding map of geographic reporting areas.
The Real Estate Report Volume 42, Number 1
Spring 2018
78
LOTS PLATTED
(continued)
Source: Spokane County Records
Compiled by: Shawna Ernst and Joel Edgar, Spokane County Information Services (2003-present),
(509) 477-7531, Bernice Hanses (1976-2002)
Year NE NW SW SE NE NW SW SE
1976 0 98 0 0 426 429 262 520 1,735
1977 0 46 0 19 548 405 243 518 1,779
1978 293 344 0 0 428 510 263 444 2,282
1979 201 254 257 62 586 290 318 581 2,549
1980 145 340 0 30 133 231 81 187 1,147
1981 224 19 0 62 23 18 67 146 559
1982 0 6 5 46 5 163 28 35 288
1983 0 0 51 101 17 161 113 123 566
1984 102 102 0 0 261 176 92 141 874
1985 0 47 20 59 211 111 110 140 698
1986 0 251 94 0 196 66 198 220 1,025
1987 27 0 66 42 45 210 115 74 579
1988 0 18 66 24 20 186 53 31 398
1989 0 38 0 66 12 93 132 79 420
1990 0 205 39 82 33 170 61 235 825
1991 25 159 0 40 61 250 216 194 945
1992 0 97 34 115 83 335 89 294 1,047
1993 12 92 48 312 16 263 75 271 1,089
1994 0 414 34 37 167 207 265 668 1,792
1995 0 0 0 94 140 365 257 474 1,330
1996 57 112 0 134 198 115 251 468 1,335
1997 60 44 14 8 80 111 211 256 784
1998 23 139 0 60 57 190 150 425 1,044
1999 33 16 0 4 45 140 104 146 488
Total
Note: Refer to preceding map of geographic reporting areas.
SPOKANE CITY SPOKANE COUNTY CITY AND
COUNTY
The Real Estate Report Volume 42, Number 1
Spring 2018
79
CONDOMINIUM UNITS FILED
Source: Spokane County Records
Compiled by: Shawna Ernst and Joel Edgar, Spokane County Information Services (2003-present),
(509) 477-7531, Bernice Hanses (1976-2002)
(continued)
Year NE NW SW SE NE NW SW SE
2000 0 1 0 8 0 0 0 0 9
2001 4 2 14 20 0 59 0 12 111
2002 0 0 6 2 72 4 4 5 93
2003 1 0 12 8 0 0 138 0 159
2004 0 0 12 8 0 0 0 0 20
2005 42 0 175 27 0 16 0 133 393
2006 10 47 236 48 54 151 21 34 601
2007 0 55 87 27 20 0 46 250 485
2008 4 3 23 57 0 9 82 0 178
2009 0 0 44 0 0 0 0 28 72
2010 0 0 52 0 0 0 0 0 52
2011 0 0 0 0 0 0 0 0 0
2012 0 0 17 0 0 0 0 0 17
2013 0 0 8 9 5 0 0 0 22
2014 0 0 15 0 0 7 0 0 22
2015 0 0 0 0 0 0 0 0 0
2016 0 0 38 0 0 0 0 11 49
2017 0 0 49 0 0 0 0 19 68
2018
1 qtr.0 0 18 0 0 0 0 0 18
SPOKANE CITY SPOKANE COUNTY CITY AND
COUNTY
Total
Note: Refer to preceding map of geographic reporting areas.
The Real Estate Report Volume 42, Number 1
Spring 2018
80
CONDOMINIUM UNITS FILED
(continued)
Source: Spokane County Records
Compiled by: Shawna Ernst and Joel Edgar, Spokane County Information Services (2003-present),
(509) 477-7531, Bernice Hanses (1976-2002)
Year NE NW SW SE NE NW SW SE
1976 0 0 0 15 0 0 0 0 15
1977 0 0 12 18 0 23 0 4 57
1978 0 0 46 17 24 48 11 2 148
1979 67 0 50 285 80 0 0 9 491
1980 20 24 26 89 0 0 90 63 312
1981 0 0 6 6 12 0 0 0 24
1982 0 0 6 21 0 0 2 35 64
1983 47 175 0 0 0 0 0 12 234
1984 0 0 12 2 8 23 4 0 49
1985 6 0 2 6 12 4 3 2 35
1986 12 0 48 0 0 0 131 0 191
1987 0 25 0 0 0 0 2 2 29
1988 2 0 0 14 0 2 0 21 39
1989 0 0 12 5 0 0 0 0 17
1990 0 0 0 2 32 6 3 0 43
1991 0 0 0 0 32 14 0 0 46
1992 0 0 0 0 0 4 0 0 4
1993 26 0 2 0 0 24 0 0 52
1994 0 0 0 36 0 0 1 63 100
1995 2 16 0 15 0 0 23 0 56
1996 0 4 0 10 0 10 6 0 30
1997 0 59 13 2 0 0 4 0 78
1998 12 0 0 6 0 0 0 40 58
1999 2 5 3 8 0 0 0 0 18
Note: Refer to preceding map of geographic reporting areas.
SPOKANE CITY SPOKANE COUNTY CITY AND
COUNTY
Total
The Real Estate Report Volume 42, Number 1
Spring 2018
81
TOTAL ASSESSED PROPERTY VALUES AND TAXES
FOR SPOKANE COUNTY
Source: Spokane County Assessor and/or Treasurer
Compiled by: Philip Kuharski (through 2011), (509) 326-7755; Paul Read (2012-present), (509) 456-5257
(continued)
YEAR ASSESSED VALUE
(BILLIONS $)
TAX COLLECTIONSa
(MILLIONS $)
EFFECTIVE AVERAGE a
TAX RATE %
2005 26.182 352.66 1.53
2006 31.029 376.141 1.44
2007 35.844 396.79 1.28
2008 38.133 404.29 1.13
2009 38.756 430.429 1.13
2010 38.068 457.345 1.18
2011 37.452 490.089 1.29
2012 37.452 494.788 1.32
2013 36.404 501.798 1.34
2014 37.239 509.749 1.38
2015 38.462 529.031 1.38
2016 40.226 544.671 1.36
2017 42.4 563 1.37
a Based on prior year assessed value, and includes both real and personal property
Note: Personal property represents a very small percentage of the total. Tax collections are based upon the prior
year assessed values. The "Effective Average Tax Rate" presented here is also calculated upon the prior-year
The Real Estate Report Volume 42, Number 1
Spring 2018
82
TOTAL ASSESSED PROPERTY VALUES AND TAXES
FOR SPOKANE COUNTY
(continued)
Source: Spokane County Assessor and/or Treasurer
Compiled by: Philip Kuharski (through 2011), (509) 326-7755; Paul Read (2012-present), (509) 456-5257
YEAR ASSESSED VALUE
(BILLIONS $)
TAX COLLECTIONSa
(MILLIONS $)
EFFECTIVE AVERAGE a
TAX RATE %
1974 2.582 ------
1975 2.818 37.41 1.45
1976 3.123 54.618 1.94
1977 3.549 61.188 1.96
1978 4.189 69.709 1.96
1979 4.965 76.307 1.82
1980 5.808 72.03 1.45
1981 6.743 70.977 1.22
1982 7.655 79.456 1.18
1983 7.615 90.404 1.18
1984 8.287 99.617 1.31
1985 8.792 104.503 1.26
1986 9.062 110.547 1.26
1987 9.31 119.159 1.32
1988 9.417 134.8 1.45
1989 9.533 144.011 1.53
1990 9.894 148.438 1.56
1991 10.149 161.726 1.64
1992 10.396 177.65 1.75
1993 13.1 182.235 1.75
1994 15.104 203.875 1.56
1995 15.92 232.136 1.54
1996 17.051 241.009 1.51
1997 17.819 261.104 1.53
1998 18.465 264.226 1.48
1999 19.231 297.029 1.61
2000 19.984 290.656 1.51
2001 20.721 305.213 1.53
2002 21.552 312.595 1.51
2003 22.148 318.859 1.48
2004 23.04 333.952 1.51
a Based on prior year assessed value, and includes both real and personal property
Note: Personal property represents a very small percentage of the total. Tax collections are based upon the prior
year assessed values. The "Effective Average Tax Rate" presented here is also calculated upon the prior-year
assessed value.
The Real Estate Report Volume 42, Number 1
Spring 2018
83
TOTAL SALES OF SINGLE-FAMILY DWELLINGS
Spokane Metropolitan Area
Source: Spokane Association of REALTORS, MLS Sold Book; Rob Higgins (509) 326-9222
(continued)
Location
Year Under $25k -$40k -$55k -$70k -$85k -$100k -$125k -$150k -$200k -Over
$25,000 $39,999 $54,999 $69,999 $84,999 $99,999 $124,999 $149,999 $199,999 $249,999 $250,000 Total
Total Area 2006 2 8 54 96 227 370 818 983 1,616 1,109 1,590 6,873
2007 0 8 19 60 115 189 570 831 1,535 1,106 1,610 6,043
2008 0 3 15 49 107 156 391 581 1,211 803 1,017 4,333
2009 0 10 32 67 112 176 474 680 1,166 668 729 4,114
2010 2 23 48 100 121 183 442 579 994 521 701 3,714
2011 6 75 132 160 159 205 430 499 893 471 544 3,574
2012 4 55 147 156 191 212 406 560 1,025 552 761 4,069
2013 5 59 112 187 201 203 509 695 1,200 727 994 4,892
2014 8 64 140 170 193 259 515 678 1,241 780 1,135 5,183
2015 8 59 117 155 184 238 578 779 1,419 1,074 1,537 6,148
2016 7 30 80 90 130 165 500 695 1,513 1,314 1,929 6,453
2017 0 9 50 79 119 158 468 731 1,605 1,432 2,569 7,220
2018b 0 1 4 9 22 25 79 129 307 271 454 1,301
Price Range
a Represents MLS sales only
b Through First Quarter 2018
NOTE: Data prior to 1994 is not directly comparable to newer data due to geographic boundary changes.
The Real Estate Report Volume 42, Number 1
Spring 2018
84
TOTAL SALES OF SINGLE-FAMILY DWELLINGS
Spokane Metropolitan Area
(continued)
Source: Spokane Association of REALTORS, MLS Sold Book; Rob Higgins (509) 326-9222
(continued)
Location
Year Under $25k -$40k -$55k -$70k -$85k -$100k -$125k -$150k -$200k -Over
$25,000 $39,999 $54,999 $69,999 $84,999 $99,999 $124,999 $149,999 $199,999 $249,999 $250,000 Total
Total Area 1982 217 587 875 469 229 126 77 36 27 8 4 2,655
1983 298 988 960 661 394 153 113 66 44 12 4 3,693
1984 251 987 1021 757 436 204 134 63 52 14 9 3,928
1985 245 847 1031 707 449 201 116 67 42 15 6 3,726
1986 218 774 1039 796 456 204 131 69 53 12 7 3,759
1987 204 772 948 746 485 201 141 70 45 19 8 3,639
1988 243 746 889 685 459 212 163 84 62 22 13 3,578
1989 295 859 988 805 540 254 203 116 93 26 28 4,207
1990 239 1093 1262 962 659 438 331 228 174 58 31 5,525
1991 185 805 1002 1006 715 494 500 308 239 69 56 5,379
1992 90 456 801 1092 916 686 658 508 395 108 94 5,804
1993 59 211 576 1008 1003 859 789 664 531 152 110 5,962
1994 13 101 336 758 847 810 843 652 528 174 123 5,185
1995 3 57 215 569 671 709 813 534 512 129 114 4,326
1996 4 70 217 492 680 675 841 509 536 151 132 4,307
1997 8 84 206 494 694 651 865 598 537 167 134 4,438
1998 9 84 211 499 720 722 948 663 624 218 133 4,861
1999 17 91 241 519 663 659 889 747 682 336 175 5,067
2000 30 174 280 487 638 628 896 649 562 236 218 4,798
2001 37 164 258 478 670 721 1025 802 733 303 236 5,427
2002 37 183 302 470 654 712 950 863 833 326 326 5,656
2003 31 137 310 433 669 773 1109 1021 1,032 459 472 6,446
2004 14 88 229 445 648 736 1113 1085 1,307 594 739 6,998
2005 4 17 113 277 466 602 1083 1149 1,721 885 1,204 7,521
a Represents MLS sales only
Price Range
NOTE: Data prior to 1994 is not directly comparable to newer data due to geographic boundary changes.
The Real Estate Report Volume 42, Number 1
Spring 2018
85
TOTAL SALES OF SINGLE-FAMILY DWELLINGS
Spokane Metropolitan Area
(continued)
Source: Spokane Association of REALTORS, MLS Sold Book; Rob Higgins (509) 326-9222
(continued)
Location
Year Under $25k -$40k -$55k -$70k -$85k -$100k -$125k -$150k -$200k -Over
$25,000 $39,999 $54,999 $69,999 $84,999 $99,999 $124,999 $149,999 $199,999 $249,999 $250,000 Total
Northwest 2006 2 2 11 25 71 112 262 370 423 218 402 1,898
2007 0 2 1 9 32 64 192 309 468 252 400 1,729
2008 0 1 4 13 36 35 122 222 345 186 222 1,186
2009 0 1 7 13 29 44 172 262 313 162 179 1,182
2010 1 6 15 33 38 59 141 214 303 118 138 1,066
2011 3 18 45 53 55 81 152 172 255 117 133 1,084
2012 1 17 45 47 69 75 142 175 288 127 174 1,160
2013 1 22 34 64 74 67 185 248 333 155 227 1,410
2014 2 16 35 47 72 92 189 250 361 153 252 1,469
2015 2 15 31 38 58 72 242 283 413 269 356 1,779
2016 3 7 24 24 47 48 171 295 480 296 393 1,788
2017 0 2 12 13 38 60 133 286 617 373 559 2,093
2018b 0 0 0 2 4 5 15 37 127 70 95 355
Price Range
a Represents MLS sales only
b Through First Quarter 2018
NOTE: Data prior to 1994 is not directly comparable to newer data due to geographic boundary changes.
Data prior to 2006 for this quadrant is not directly comparable to newer data due to geographic boundary change.
The Real Estate Report Volume 42, Number 1
Spring 2018
86
TOTAL SALES OF SINGLE-FAMILY DWELLINGS
Spokane Metropolitan Area
(continued)
Source: Spokane Association of REALTORS, MLS Sold Book; Rob Higgins (509) 326-9222
(continued)
Location
Year Under $25k -$40k -$55k -$70k -$85k -$100k -$125k -$150k -$200k -Over
$25,000 $39,999 $54,999 $69,999 $84,999 $99,999 $124,999 $149,999 $199,999 $249,999 $250,000 Total
Northwest 1982 67 208 203 111 67 27 12 6 7 1 0 709
1983 83 293 262 144 120 41 15 8 4 0 0 970
1984 78 320 292 161 132 69 16 8 4 1 1 1,082
1985 90 326 289 202 124 76 29 8 4 1 0 1,149
1986 65 256 295 230 149 65 37 6 4 0 0 1,107
1987 65 299 273 190 152 58 44 13 3 0 1 1,098
1988 70 272 261 194 132 57 43 18 14 5 3 1,069
1989 75 281 288 223 183 72 56 14 29 4 2 1,207
1990 90 357 413 230 163 145 91 56 50 8 4 1,613
1991 40 242 355 299 156 157 185 82 44 21 4 1,585
1992 22 121 244 381 232 150 223 139 73 23 4 1,612
1993 5 58 150 349 325 200 230 214 115 26 17 1,689
1994 3 24 100 239 323 225 211 250 159 47 23 1,604
1995 1 13 68 205 241 234 228 180 143 48 17 1,378
1996 2 15 64 171 253 206 213 164 149 53 27 1,317
1997 2 19 50 164 268 205 240 192 158 40 36 1,374
1998 1 26 67 190 267 233 290 218 187 66 28 1,573
1999 5 32 78 181 276 215 281 224 197 84 39 1,612
2000 7 53 93 164 241 226 233 206 168 73 44 1,508
2001 13 40 74 156 241 264 316 254 203 96 53 1,710
2002 10 47 81 153 239 277 280 266 261 104 83 1,801
2003 8 43 96 138 224 273 271 276 258 112 95 1,794
2004 1 23 66 133 226 262 388 289 396 178 198 2,160
2005 2 4 31 82 129 181 433 352 426 201 291 2,132
Price Range
a Represents MLS sales only
NOTE: Data prior to 1994 is not directly comparable to newer data due to geographic boundary changes.
Data prior to 2006 for this quadrant is not directly comparable to newer data due to geographic boundary change.
The Real Estate Report Volume 42, Number 1
Spring 2018
87
TOTAL SALES OF SINGLE-FAMILY DWELLINGS
Spokane Metropolitan Area
(continued)
Source: Spokane Association of REALTORS, MLS Sold Book; Rob Higgins (509) 326-9222
(continued)
Location
Year Under $25k -$40k -$55k -$70k -$85k -$100k -$125k -$150k -$200k -Over
$25,000 $39,999 $54,999 $69,999 $84,999 $99,999 $124,999 $149,999 $199,999 $249,999 $250,000 Total
Northeast 2006 0 4 31 47 113 188 352 245 207 161 144 1,492
2007 0 3 13 38 59 89 253 285 212 135 153 1,240
2008 0 1 6 22 40 72 182 161 151 109 101 845
2009 0 6 15 34 50 90 184 165 129 86 68 827
2010 1 9 23 38 45 60 157 110 116 61 53 673
2011 1 38 62 62 64 64 120 74 89 56 42 672
2012 1 24 73 72 79 66 102 79 101 63 55 715
2013 1 25 52 84 85 74 129 103 108 72 73 806
2014 4 38 79 92 70 94 141 107 121 101 88 935
2015 5 30 62 78 96 100 175 148 146 113 125 1,078
2016 2 16 44 56 56 79 199 183 172 128 191 1,126
2017 0 7 27 45 61 64 231 279 302 152 204 1372
2018b 0 1 3 6 10 12 48 66 79 25 60 310
a Represents MLS sales only
NOTE: Data prior to 1994 is not directly comparable to newer data due to geographic boundary changes.
Data prior to 2006 for this quadrant is not directly comparable to newer data due to geographic boundary change.
Price Range
b Through First Quarter 2018
The Real Estate Report Volume 42, Number 1
Spring 2018
88
TOTAL SALES OF SINGLE-FAMILY DWELLINGS
Spokane Metropolitan Area
(continued)
Source: Spokane Association of REALTORS, MLS Sold Book; Rob Higgins (509) 326-9222
(continued)
Location
Year Under $25k -$40k -$55k -$70k -$85k -$100k -$125k -$150k -$200k -Over
$25,000 $39,999 $54,999 $69,999 $84,999 $99,999 $124,999 $149,999 $199,999 $249,999 $250,000 Total
Northeast 1982 62 171 200 58 27 20 9 3 3 0 0 553
1983 100 292 130 84 55 13 12 5 5 2 0 698
1984 89 306 160 111 58 19 19 8 3 0 0 773
1985 84 231 138 98 51 19 6 2 1 0 0 630
1986 76 243 151 94 52 21 4 3 0 0 0 644
1987 83 212 136 126 56 21 8 2 3 0 0 647
1988 95 211 115 86 51 19 8 3 2 0 0 590
1989 114 235 125 100 56 16 8 6 4 0 1 665
1990 110 333 262 123 67 19 23 20 15 2 1 1,048
1991 71 349 306 143 72 48 40 29 38 10 3 1,109
1992 29 181 330 260 101 86 82 73 82 16 8 1,248
1993 17 79 238 342 171 112 111 91 81 19 8 1,269
1994 5 44 149 313 215 92 49 10 7 1 1 886
1995 1 20 82 221 159 70 61 16 13 3 3 649
1996 1 33 94 183 164 81 66 12 29 1 1 665
1997 4 39 86 189 172 69 56 25 28 5 5 678
1998 5 35 88 194 183 91 66 28 37 1 1 729
1999 6 39 95 192 193 94 79 35 60 1 3 797
2000 16 78 121 174 161 81 69 19 42 12 5 778
2001 12 75 124 191 201 93 77 47 46 9 1 876
2002 15 86 143 192 179 102 90 72 69 13 8 969
2003 13 65 136 187 242 180 180 130 135 54 54 1,376
2004 6 36 101 209 261 225 171 119 83 35 10 1,256
2005 1 7 52 127 234 271 294 175 249 103 99 1,612
Price Range
a Represents MLS sales only
NOTE: Data prior to 1994 is not directly comparable to newer data due to geographic boundary changes.
Data prior to 2006 for this quadrant is not directly comparable to newer data due to geographic boundary change.
The Real Estate Report Volume 42, Number 1
Spring 2018
89
TOTAL SALES OF SINGLE-FAMILY DWELLINGS
Spokane Metropolitan Area
(continued)
Source: Spokane Association of REALTORS, MLS Sold Book; Rob Higgins (509) 326-9222
(continued)
Location
Year Under $25k -$40k -$55k -$70k -$85k -$100k -$125k -$150k -$200k -Over
$25,000 $39,999 $54,999 $69,999 $84,999 $99,999 $124,999 $149,999 $199,999 $249,999 $250,000 Total
Southside 2006 0 2 10 16 25 55 110 177 381 266 497 1,539
2007 0 2 3 7 16 25 84 123 314 292 530 1,396
2008 0 0 5 12 22 32 52 97 258 197 365 1,040
2009 0 1 6 13 23 29 64 109 274 177 256 952
2010 0 7 6 15 18 29 67 89 200 146 259 836
2011 1 11 15 26 25 24 65 90 197 138 175 767
2012 1 8 17 18 15 41 73 115 254 174 249 965
2013 3 10 16 22 17 32 94 143 306 241 354 1,238
2014 2 8 17 17 24 38 84 124 282 240 412 1,248
2015 5 30 62 78 96 100 175 148 146 113 125 1,078
2016 1 6 8 5 16 22 61 83 341 349 628 1,520
2017 0 0 8 17 12 21 59 75 308 323 854 1,677
2018b 0 0 1 1 6 5 10 12 29 52 123 239
Price Range
a Represents MLS sales only
b Through First Quarter 2018
NOTE: Data prior to 1994 is not directly comparable to newer data due to geographic boundary changes.
Data prior to 2006 for this quadrant is not directly comparable to newer data due to geographic boundary change.
The Real Estate Report Volume 42, Number 1
Spring 2018
90
TOTAL SALES OF SINGLE-FAMILY DWELLINGS
Spokane Metropolitan Area
(continued)
Source: Spokane Association of REALTORS, MLS Sold Book; Rob Higgins (509) 326-9222
(continued)
Location
Year Under $25k -$40k -$55k -$70k -$85k -$100k -$125k -$150k -$200k -Over
$25,000 $39,999 $54,999 $69,999 $84,999 $99,999 $124,999 $149,999 $199,999 $249,999 $250,000 Total
Southside 1982 47 106 180 94 70 40 30 12 12 3 4 598
1983 61 216 225 154 108 51 42 29 19 6 3 914
1984 53 200 253 194 115 71 49 24 26 6 4 995
1985 41 143 277 197 128 59 42 29 24 8 5 953
1986 41 137 247 209 130 80 57 47 35 9 5 997
1987 30 129 228 162 131 66 49 39 28 15 6 883
1988 46 129 218 174 136 71 72 39 23 12 8 933
1989 58 176 257 197 152 97 82 72 41 14 21 1,167
1990 51 172 231 261 137 127 102 99 77 30 19 1,306
1991 42 130 154 255 204 117 134 111 104 27 39 1,317
1992 18 85 115 215 234 201 194 149 146 47 59 1,463
1993 20 39 103 162 214 216 200 198 178 63 64 1,457
1994 4 23 54 94 121 225 273 185 181 61 68 1,289
1995 1 17 38 74 124 181 237 173 191 49 52 1,137
1996 1 15 47 79 123 152 231 141 166 64 65 1,084
1997 2 19 57 84 124 163 254 162 170 72 54 1,161
1998 2 17 38 80 133 180 238 167 186 84 67 1,192
1999 3 13 42 85 147 168 266 197 210 79 97 1,313
2000 7 30 43 88 124 140 258 190 134 73 94 1,181
2001 10 38 36 77 105 158 283 198 228 101 109 1,343
2002 9 40 42 68 103 137 246 216 221 114 150 1,346
2003 6 20 53 60 91 148 267 244 287 143 183 1,502
2004 6 24 47 60 88 127 257 283 359 194 270 1,715
2005 1 6 24 44 72 81 160 293 410 240 420 1,751
Price Range
a Represents MLS sales only
NOTE: Data prior to 1994 is not directly comparable to newer data due to geographic boundary changes.
Data prior to 2006 for this quadrant is not directly comparable to newer data due to geographic boundary change.
The Real Estate Report Volume 42, Number 1
Spring 2018
91
TOTAL SALES OF SINGLE-FAMILY DWELLINGS
Spokane Metropolitan Area
(continued)
Source: Spokane Association of REALTORS, MLS Sold Book; Rob Higgins (509) 326-9222
(continued)
Location
Year Under $25k -$40k -$55k -$70k -$85k -$100k -$125k -$150k -$200k -Over
$25,000 $39,999 $54,999 $69,999 $84,999 $99,999 $124,999 $149,999 $199,999 $249,999 $250,000 Total
Valley 2006 0 0 2 7 17 15 91 189 604 461 541 1,927
2007 0 1 2 6 6 8 41 114 540 424 523 1,665
2008 0 1 0 2 8 16 33 101 455 311 325 1,252
2009 0 2 4 7 10 13 53 144 448 242 223 1,146
2010 0 1 4 14 20 35 77 165 373 192 250 1,131
2011 0 8 9 19 14 36 93 163 350 160 194 1,046
2012 0 5 12 19 28 30 87 191 380 188 281 1,221
2013 0 2 10 16 25 29 101 199 449 258 338 1,427
2014 0 2 8 14 27 34 101 197 471 286 379 1,519
2015 0 1 8 24 14 28 99 192 545 418 547 1,876
2016 1 1 4 5 11 16 68 134 517 539 714 2,010
2017 0 0 2 4 8 13 44 89 377 582 946 2,065
2018b 0 0 0 0 2 3 6 13 72 123 174 393
a Represents MLS sales only
Price Range
b Through First Quarter 2018
NOTE: Data prior to 1994 is not directly comparable to newer data due to geographic boundary changes.
The Real Estate Report Volume 42, Number 1
Spring 2018
92
TOTAL SALES OF SINGLE-FAMILY DWELLINGS
Spokane Metropolitan Area
(continued)
Source: Spokane Association of REALTORS, MLS Sold Book; Rob Higgins (509) 326-9222
(continued)
Location
Year Under $25k -$40k -$55k -$70k -$85k -$100k -$125k -$150k -$200k -Over
$25,000 $39,999 $54,999 $69,999 $84,999 $99,999 $124,999 $149,999 $199,999 $249,999 $250,000 Total
Valley 1982 41 102 292 206 65 39 26 15 5 4 0 795
1983 54 187 343 279 111 48 44 24 16 4 1 1,111
1984 31 161 316 291 131 45 50 23 19 7 4 1,078
1985 30 147 327 210 146 47 39 28 13 6 1 994
1986 36 138 346 263 125 38 33 13 14 3 2 1,011
1987 26 132 311 268 146 56 40 16 11 4 1 1,011
1988 32 134 295 231 140 65 40 24 18 5 2 986
1989 48 167 318 305 149 69 57 24 19 8 4 1,168
1990 33 176 353 363 242 116 110 53 32 18 7 1,508
1991 32 84 187 309 283 172 141 86 53 11 10 1,368
1992 21 69 112 236 349 248 159 147 94 22 23 1,480
1993 17 35 85 155 293 331 348 161 157 44 21 1,547
1994 1 10 33 112 188 268 310 207 181 65 31 1,406
1995 0 7 27 69 147 224 287 165 165 29 42 1,162
1996 0 7 12 59 140 236 331 192 192 33 39 1,241
1997 0 7 13 57 130 214 315 219 181 50 39 1,225
1998 1 6 18 65 137 218 354 250 214 67 37 1,367
1999 3 7 26 61 109 203 361 222 228 71 54 1,345
2000 0 13 23 61 112 181 336 234 218 78 75 1,331
2001 2 11 24 54 123 206 349 303 256 97 73 1,498
2002 3 10 36 57 133 196 334 309 282 95 85 1,540
2003 4 9 25 48 112 172 391 371 352 150 140 1,774
2004 1 5 15 43 73 122 297 394 469 187 261 1,867
2005 0 0 6 24 31 69 196 329 636 341 394 2,026
Price Range
a Represents MLS sales only
NOTE: Data prior to 1994 is not directly comparable to newer data due to geographic boundary changes.
The Real Estate Report Volume 42, Number 1
Spring 2018
93
TOTAL SALES OF SINGLE-FAMILY DWELLINGS
Spokane Metropolitan Area
(continued)
Source: Spokane Association of REALTORS, MLS Sold Book; Rob Higgins (509) 326-9222
Location
Year Under $25k -$40k -$55k -$70k -$85k -$100k -$125k -$150k -$200k -Over
$25,000 $39,999 $54,999 $69,999 $84,999 $99,999 $124,999 $149,999 $199,999 $249,999 $250,000 Total
Downtown 2006 0 0 2 1 1 0 3 2 1 3 6 19
2007 0 0 0 0 2 3 0 0 1 3 4 13
2008 0 0 0 0 1 1 2 0 2 0 4 10
2009 0 0 0 0 0 0 1 0 2 1 3 7
2010 0 0 0 0 0 0 0 1 2 4 1 8
2011 1 0 1 0 1 0 0 0 2 0 0 5
2012 1 1 0 0 0 0 2 0 2 0 2 8
2013 0 0 0 1 0 1 0 2 4 1 2 11
2014 0 0 1 0 0 1 0 0 6 0 4 12
2015 0 0 0 0 0 0 1 2 3 2 1 9
2016 0 0 0 0 0 0 1 0 3 2 3 9
2017 0 0 1 0 0 0 1 2 1 2 6 13
2018b 0 0 0 0 0 0 0 1 0 1 2 4
a Represents MLS sales only
b Through First Quarter 2018
Price Range
The Real Estate Report Volume 42, Number 1
Spring 2018
94
TOTAL SALES OF SINGLE-FAMILY DWELLINGS BY PERCENT
SPOKANE METROPOLITAN AREA
Source: Spokane Association of REALTORS, MLS Sold Book, Rob Higgins (509) 326-9222
(continued)
Total
No.Percent No.Percent No.Percent No.Percent No.Percent Homes Sold
1994 1,604 30.9 886 17.1 1,289 24.9 1,406 27.1 5,185
1995 1,378 31.8 649 15.0 1,137 26.3 1,162 26.9 4,326
1996 1,317 30.6 665 15.4 1,084 25.2 1,241 28.8 4,307
1997 1,374 30.9 678 15.3 1,161 26.2 1,225 27.6 4,438
1998 1,573 32.4 729 15.0 1,192 24.5 1,367 28.1 4,861
1999 1,612 31.8 797 15.7 1,313 25.9 1,345 26.6 5,067
2000 1,508 30.9 778 17.4 1,181 23.0 1,331 28.7 4,798
2001 1,710 31.5 876 16.1 1,343 24.8 1,498 27.6 5,427
2002 1,801 31.9 969 17.1 1,346 23.8 1,540 27.2 5,656
2003 1,794 27.8 1,376 21.4 1,502 23.3 1,774 27.5 6,446
2004 2,160 30.9 1,256 17.9 1,715 24.5 1,867 26.7 6,998
2005 2,132 28.4 1,612 21.4 1,751 23.3 2,026 26.9 7,521
2006 1,898 27.6 1,492 21.7 1,539 22.4 1,925 28.0 19 0.3 6,873
2007 1,729 28.6 1,240 20.5 1,396 23.1 1,665 27.6 13 0.2 6,043
2008 1,186 27.4 849 19.5 1,040 24.0 1,252 28.9 10 0.2 4,333
2009 1,182 28.7 827 20.1 952 23.1 1,146 27.9 7 0.2 4,114
2010 1,066 28.7 673 18.1 836 22.5 1,131 30.5 8 0.2 3,714
2011 1,084 30.3 672 18.8 767 21.5 1,046 29.3 3 0.1 3,574
2012 1,160 28.5 715 17.6 965 23.7 1,221 30.0 8 0.2 4,069
2013 1,410 28.8 806 16.5 1,238 25.3 1,427 29.2 11 0.2 4,892
2014 1,469 28.4 935 18.0 1,248 24.1 1,519 29.3 12 0.2 5,183
2015 1,779 28.9 1,078 17.5 1,406 22.9 1,876 30.5 9 0.2 6,148
2016 1,778 27.6 1,126 17.5 1,520 23.6 2,010 31.2 9 0.1 6,453
2017 2,093 29.0 1,372 19.0 1,677 23.1 2,065 28.6 13 0.2 7,220
2018 b 355 27.3 310 23.8 239 18.4 393 30.2 4 0.3 1,301
Downtown
NOTE: Data prior to 1994 and to 2006 is not directly comparable to newer data due to geographic boundary changes.
a Represents MLS sales only
b Through First Quarter 2018
Year
Northwest Northeast Southside Valley
The Real Estate Report Volume 42, Number 1
Spring 2018
95
TOTAL SALES OF SINGLE-FAMILY DWELLINGS BY PERCENT
SPOKANE METROPOLITAN AREA
(continued)
Source: Spokane Association of REALTORS, MLS Sold Book, Rob Higgins (509) 326-9222
Total
No.Percent No.Percent No.Percent No.Percent No.Percent Homes Sold
1977 2,164 27.7 1,705 21.8 1,647 21.1 2,304 29.5 7,820
1978 2,123 27.4 1,670 21.6 1,575 20.4 2,367 30.6 7,735
1979 2,180 26.4 1,870 22.6 1,850 21.2 2,466 29.8 8,366
1980 1,454 26.1 1,280 23.0 1,256 22.5 1,585 28.4 5,575
1981 992 26.4 787 21.0 862 22.9 1,114 29.7 3,755
1982 709 26.7 553 20.8 598 22.5 795 30.0 2,655
1983 970 26.3 698 19.0 914 24.7 1,111 30.0 3,693
1984 1,082 27.6 773 19.7 995 25.3 1,078 27.4 3,928
1985 1,149 30.8 630 16.9 953 25.6 994 26.7 3,726
1986 1,107 29.5 644 17.1 997 26.5 1,011 26.9 3,759
1987 1,098 28.7 647 16.9 883 23.1 1,011 26.4 3,639
1988 1,069 29.9 590 16.5 933 26.1 986 27.6 3,578
1989 1,207 28.7 665 15.8 1,167 27.7 1,168 27.8 4,207
1990 1,613 29.2 1,048 19.0 1,356 24.5 1,508 27.3 5,525
1991 1,585 29.0 1,109 21.0 1,317 24.0 1,368 25.0 5,379
1992 1,612 27.8 1,248 21.5 1,463 25.2 1,480 25.5 5,803
1993 1,689 28.3 1,269 21.3 1,457 24.4 1,547 26.0 5,962
a Represents MLS sales only
Downtown
NOTE: Data prior to 1994 is not directly comparable to newer data due to geographic boundary changes.
Year
Northwest Northeast Southside Valley
The Real Estate Report Volume 42, Number 1
Spring 2018
96
PRICES OF SOLD SINGLE-FAMILY DWELLINGS
SPOKANE COUNTY
Source: Spokane Association of REALTORS, Rob Higgins (509) 326-9222
1982 $53,601 $47,950
1983 53,723 47,950
1984 56,483 50,000
1985 56,431 50,000
1986 57,378 52,000
1987 57,680 52,500
1988 58,618 52,500
1989 60,792 53,000
1990 66,323 55,500
1991 76,298 64,500
1992 89,726 76,500
1993 98,967 85,500
1994 109,057 95,000
1995 111,905 99,500
1996 113,673 101,500
1997 115,172 103,900
1998 115,810 104,950
1999 119,275 106,800
2000 118,209 105,000
2001 121,880 110,000
2002 124,973 111,500
2003 134,273 119,900
2004 146,415 129,000
2005 172,620 150,000
2006 197,384 175,000
2007 211,872 185,400
2008 206,303 184,000
2009 187,585 169,000
2010 183,499 163,450
2011 167,456 154,300
2012 177,363 160,000
2013 182,690 164,800
2014 186,275 168,000
2015 197,630 179,900
2016 212,144 195,000
2017 228,732 210,000
2018 b 238,360 219,000
b Through April 2018
AVERAGE (MEAN)MEDIAN
YEAR SELLING PRICE SELLING PRICE
a Represents MLS sales only (Single Family, Site Built on less than
one acre, and Condo)
The Real Estate Report Volume 42, Number 1
Spring 2018
97
MEDIAN PRICE HOME SALES COMPARISON
1ST QUARTER 2018
Source: National Association of REALTORS/Spokane Association of REALTORS
Compiled by: Spokane Association of REALTORS, Rob Higgins (509) 326-9222
City and State
2017:1 2018:1
Albuquerque, NM 189,300 194,900 3.0 %
Atlanta, GA 182,800 204,500 11.9
Baton Rouge, LA 183,100 204,200 11.5
Boise, ID 207,700 246,100 18.5
Boston, MA 414,200 442,700 6.9
Charlotte, NC/SC 209,600 226,400 8.0
Colorado Springs, CO 266,100 296,600 11.5
Dallas - Fort Worth - Arlington, TX 236,500 250,700 6.0
Denver - Aurora, CO 396,100 441,500 11.5
Eugene - Springfield, OR 245,800 274,900 11.8
Las Vegas - Paradise, NV 240,300 270,200 12.4
Los Angeles, CA 485,800 N/A N/A
Minneapolis/St. Paul, MN 234,700 260,400 11.0
Peoria, IL 112,500 114,800 2.0
Phoenix - Mesa - Scottsdale, AZ 237,900 261,100 9.8
Portland - Vancouver - Beaverton, OR 359,900 384,800 6.9
Reno/Sparks, NV 320,300 373,500 16.6
Sacramento, CA 319,700 N/A N/A
Salem, OR 248,200 384,300 54.8
Salt Lake City/Ogden, UT 284,800 322,000 13.1
San Diego - Carlsbad - San Marcos, CA 564,000 N/A N/A
San Francisco Bay Area, CA 815,000 N/A N/A
Seattle/Tacoma/Bellevue, WA 422,100 484,400 14.8
SPOKANE, WA 209,700 225,000 7.3
Tri Cities, WA 232,300 267,500 15.2
Tucson, AZ 202,700 215,700 6.4
Washington D.C.383,500 394,400 2.8
Yakima, WA 192,600 200,800 4.3
Western United States 343,100 371,300 8.2
National Median Price 232,200 245,500 5.7
Presented below are some of the metropolitan areas surveyed by the National
Association of REALTORS comparing median home prices for the first quarter of 2017 to
preliminary prices for the first quarter of 2018.
Median Price
1st Quarter Percentage
change from
1st Qtr. '17
The Real Estate Report Volume 42, Number 1
Spring 2018
98
HOUSE PRICE INDEX OF THE FHFA
FOR SPOKANE COUNTY
Source: Federal Housing Finance Agency, www.fhfa.gov
Compiled by: Avista Corp., Grant D. Forsyth (509) 495-2765
(continued)
YEAR QUARTER
QUARTERLY % CHANGE
FROM SAME QUARTER
OF PREVIOUS YEAR
ANNUAL % CHANGE
2013 1 0.24
2 1.70
3 1.13
4 0.76 0.96
2014 1 0.76
2 3.98
3 4.20
4 4.19 3.29
2015 1 5.68
2 3.60
3 4.07
4 6.05 4.84
2016 1 5.85
2 6.48
3 8.35
4 8.03 7.19
2017 1 7.83
2 10.91
3 9.71
4 10.26 9.70
Note: This index reports repeat sales of existing single-family homes as reported by Fannie Mae or
Freddie Mac. The methodology of creating this report is such that the entire series revises slightly with
each report.
The Real Estate Report Volume 42, Number 1
Spring 2018
99
HOUSE PRICE INDEX OF THE FHFA
FOR SPOKANE COUNTY
(continued)
Source: Federal Housing Finance Agency, www.fhfa.gov
Compiled by: Avista Corp., Grant D. Forsyth (509) 495-2765
(continued)
YEAR QUARTER
QUARTERLY % CHANGE
FROM SAME QUARTER
OF PREVIOUS YEAR
ANNUAL % CHANGE
2004 1 4.72
2 7.65
3 10.81
4 11.24 8.63
2005 1 13.02
2 15.45
3 17.25
4 18.95 16.24
2006 1 18.31
2 18.28
3 15.02
4 13.26 16.11
2007 1 13.42
2 8.62
3 7.28
4 6.08 8.75
2008 1 2.95
2 1.07
3 (2.10)
4 (2.74)(0.23)
2009 1 (2.83)
2 (5.49)
3 (5.10)
4 (6.74)(5.03)
2010 1 (7.51)
2 (6.22)
3 (3.89)
4 (3.62)(5.34)
2011 1 (7.11)
2 (6.75)
3 (7.19)
4 (5.72)(6.70)
2012 1 (2.65)
2 (1.59)
3 (0.97)
4 (1.53)(1.68)
Note: This index reports repeat sales of existing single-family homes as reported by Fannie Mae or
Freddie Mac. The methodology of creating this report is such that the entire series revises slightly with
The Real Estate Report Volume 42, Number 1
Spring 2018
100
HOUSE PRICE INDEX OF THE FHFA
FOR SPOKANE COUNTY
(continued)
Source: Federal Housing Finance Agency, www.fhfa.gov
Compiled by: Avista Corp., Grant D. Forsyth (509) 495-2765
YEAR QUARTER
QUARTERLY % CHANGE
FROM SAME QUARTER
OF PREVIOUS YEAR
ANNUAL % CHANGE
1995 1 2.79
2 1.75
3 3.39
4 5.87 3.44
1996 1 6.04
2 2.39
3 0.41
4 (0.03)2.16
1997 1 (1.08)
2 (0.06)
3 1.65
4 1.94 0.61
1998 1 2.77
2 3.09
3 2.41
4 2.33 2.65
1999 1 1.56
2 1.79
3 0.80
4 (0.76)0.84
2000 1 (1.31)
2 (0.92)
3 0.43
4 1.98 0.04
2001 1 4.37
2 5.13
3 4.63
4 4.43 4.64
2002 1 2.90
2 2.15
3 3.20
4 3.36 2.90
2003 1 3.33
2 3.45
3 2.96
4 3.87 3.41
Note: This index reports repeat sales of existing single-family homes as reported by Fannie Mae or
Freddie Mac. The methodology of creating this report is such that the entire series revises slightly with
The Real Estate Report Volume 42, Number 1
Spring 2018
101
SPOKANE AREA NEW CONSTRUCTION AND EXISTING RESIDENCE
UNSOLD INVENTORY
The information presented on the next few pages is produced by a special run of MLS data by the Spokane
Association of REALTORS, conducted at the end of the first and third quarters of each year, beginning with
the third quarter of 1997. This is done exclusively for The Real Estate Report. It represents active listings
of Type 1 property that are for sale at that point in time. These include single-family homes on less than
one acre of land, and townhouses/condominiums/PUDs, but not mobile homes. There are two sections of
data:
1. New construction
2. Existing (resale) residences
It should be noted that “average days on market” is defined from the listing date to the date a pending sale
was reported to MLS by the listing or selling agent. Please be cautioned that property may be re-listed,
which would result in the reported days on market being lower than the true time on market. However, this
factor is always present to some degree, and the reporting of average days on market has been done on a
consistent basis since 1982.
Based upon the discovery of certain situations where properties were listed in the wrong category (new
versus existing), the Spokane Association of REALTORS instituted a change starting with the 3/31/03
report. A “year built” exclusion was built in, in order to kick out reports under “new construction” for
properties built more than 15 months previously, and the converse for “existing” properties.
The Real Estate Report Volume 42, Number 1
Spring 2018
102
SPOKANE AREA NEW CONSTRUCTION RESIDENCE UNSOLD INVENTORY
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
Area
10/1/17 4/1/18 10/1/17 4/1/18
$60,000 -$69,999 0 0 N/A N/A
$90,000 -$99,999 0 0 N/A N/A
$100,000 -$119,999 0 0 N/A N/A
$120,000 -$159,999 1 1 1,077 1,302
$160,000 -$199,999 6 5 51 121
$200,000 -$249,999 10 22 95 84
$250,000 -$299,999 24 50 97 79
$300,000 -$349,999 34 55 115 87
$350,000 -$399,999 25 34 63 89
$400,000 -$449,999 21 29 56 91
$450,000 -$499,999 16 21 121 95
$500,000 -$549,999 6 16 72 102
$550,000 -$599,999 5 6 147 106
$600,000 -$649,999 1 0 38 N/A
$650,000 -$699,999 1 5 151 107
$700,000 -$799,999 1 5 221 108
$800,000 -$899,999 0 0 N/A N/A
$900,000 -$999,999 0 0 N/A N/A
$1,000,000 -$1,999,999 0 1 N/A 187
Over $2,000,000 0 0 N/A N/A
151 250 0 0
$351,950 $344,955
$368,024 $375,230
98 112
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
Note: The SAR added "to be built (sub-type C)" into the Fall 2014 report to reflect prior practice, but it is unknown which previous reports did not
include this sub-type.
Number of Listings at Point in Time Average Days on Market at Point in Time
Listing Price Range
Total Countya
Number of Properties
The Real Estate Report Volume 42, Number 1
Spring 2018
103
SPOKANE AREA NEW CONSTRUCTION RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
Area
10/1/15 4/1/16 10/1/16 4/1/17 10/1/15 4/1/16 10/1/16 4/1/17
$60,000 -$69,999 0 0 0 0 N/A N/A N/A N/A
$90,000 -$99,999 0 1 0 0 N/A 113 N/A N/A
$100,000 -$119,999 0 0 0 2 N/A N/A N/A 63
$120,000 -$159,999 2 6 5 4 286 105 201 271
$160,000 -$199,999 37 28 34 15 82 79 50 174
$200,000 -$249,999 85 87 45 33 124 105 94 45
$250,000 -$299,999 79 68 64 49 123 103 126 119
$300,000 -$349,999 33 33 41 35 112 109 98 113
$350,000 -$399,999 34 37 29 35 122 99 85 90
$400,000 -$449,999 13 12 21 26 128 169 79 94
$450,000 -$499,999 22 21 11 27 131 109 99 108
$500,000 -$549,999 6 4 7 3 76 199 80 112
$550,000 -$599,999 6 1 3 5 181 1 88 84
$600,000 -$649,999 2 0 2 3 215 N/A 70 77
$650,000 -$699,999 1 0 0 2 1 N/A N/A 77
$700,000 -$799,999 2 2 2 3 1,096 105 138 226
$800,000 -$899,999 0 1 1 0 N/A 11 120 N/A
$900,000 -$999,999 0 0 0 0 N/A N/A N/A N/A
$1,000,000 -$1,999,999 2 1 1 1 176 79 261 443
Over $2,000,000 0 0 0 0 N/A N/A N/A N/A
324 302 266 243
$269,950 $266,994 $284,421 $329,988
$312,051 $301,911 $315,370 $347,926
137 105 114 140
Median Listing Price
Number of Listings at Point in Time Average Days on Market at Point in Time
Listing Price Range
Total Countya
Number of Properties
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
Note: The SAR added "to be built (sub-type C)" into the Fall 2014 report to reflect prior practice, but it is unknown which previous reports did not
include this sub-type.
The Real Estate Report Volume 42, Number 1
Spring 2018
104
SPOKANE AREA NEW CONSTRUCTION RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
Area
10/1/13 4/1/14 10/1/14 4/1/15 10/1/13 4/1/14 10/1/14 4/1/15
$60,000 -$69,999 0 0 0 0 N/A N/A N/A N/A
$90,000 -$99,999 0 0 0 0 N/A N/A N/A N/A
$100,000 -$119,999 1 0 0 0 52 N/A N/A N/A
$120,000 -$159,999 6 9 21 10 166 35 150 100
$160,000 -$199,999 49 48 72 67 86 130 134 86
$200,000 -$249,999 56 63 107 93 130 144 129 122
$250,000 -$299,999 51 58 76 69 176 168 122 100
$300,000 -$349,999 28 35 44 36 123 158 107 125
$350,000 -$399,999 31 26 36 26 165 143 149 96
$400,000 -$449,999 7 9 12 14 234 167 120 74
$450,000 -$499,999 8 2 14 23 616 46 146 100
$500,000 -$549,999 2 3 7 5 351 38 141 182
$550,000 -$599,999 3 2 8 7 125 79 90 158
$600,000 -$649,999 0 2 3 2 N/A 90 139 121
$650,000 -$699,999 0 0 1 2 N/A N/A 37 188
$700,000 -$799,999 1 1 0 0 15 154 N/A N/A
$800,000 -$899,999 0 1 2 1 N/A 187 235 282
$900,000 -$999,999 0 1 1 1 N/A 128 97 174
$1,000,000 -$1,999,999 1 2 0 0 157 113 N/A N/A
Over $2,000,000 0 0 1 0 N/A N/A 130 N/A
244 262 405 356
$258,945 $260,000 $253,500 $255,000
$284,663 $289,310 $289,047 $293,120
156 146 129 108
a Includes Suncrest (in Stevens County)
Note: The SAR added "to be built (sub-type C)" into the Fall 2014 report to reflect prior practice, but it is unknown which previous reports did not
inlude this sub-type.
Number of Listings at Point in Time Average Days on Market at Point in Time
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
The Real Estate Report Volume 42, Number 1
Spring 2018
105
SPOKANE AREA NEW CONSTRUCTION RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
Area
10/10/11 4/1/12 10/1/12 4/1/13 10/10/11 4/1/12 10/1/12 4/1/13
$60,000 -$69,999 0 1 0 0 N/A 71 N/A N/A
$90,000 -$99,999 1 1 1 0 100 276 457 N/A
$100,000 -$119,999 2 1 0 0 230 56 N/A N/A
$120,000 -$159,999 63 62 70 20 195 132 172 195
$160,000 -$199,999 177 157 114 52 218 169 187 164
$200,000 -$249,999 136 126 113 72 210 176 231 149
$250,000 -$299,999 71 74 63 52 184 193 203 143
$300,000 -$349,999 36 26 30 24 270 122 98 134
$350,000 -$399,999 22 26 30 19 288 141 110 149
$400,000 -$449,999 14 20 21 11 288 239 237 196
$450,000 -$499,999 12 14 17 11 800 300 357 445
$500,000 -$549,999 5 3 3 3 332 86 150 256
$550,000 -$599,999 4 8 2 2 438 116 164 158
$600,000 -$649,999 2 1 0 0 400 236 N/A N/A
$650,000 -$699,999 3 3 1 0 180 306 277 N/A
$700,000 -$799,999 3 2 2 2 469 140 29 98
$800,000 -$899,999 2 2 2 0 72 77 143 N/A
$900,000 -$999,999 2 2 2 1 264 216 54 110
$1,000,000 -$1,999,999 2 1 0 0 58 113 N/A N/A
Over $2,000,000 0 0 0 0 N/A N/A N/A N/A
557 530 501 269
$209,990 $214,990 $214,900 $245,990
$252,347 $255,365 $252,258 $272,260
233 171 193 167
Number of Listings at Point in Time Average Days on Market at Point in Time
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
106
SPOKANE AREA NEW CONSTRUCTION RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
10/5/09 3/31/10 10/2/10 4/1/11 10/5/09 3/31/10 10/2/10 4/1/11
$90,000 -$99,999 0 0 0 1 N/A N/A N/A 101
$100,000 -$119,999 0 1 0 0 N/A 21 N/A N/A
$120,000 -$159,999 38 68 81 66 111 116 134 143
$160,000 -$199,999 128 154 167 166 146 141 179 168
$200,000 -$249,999 101 117 156 143 196 137 167 161
$250,000 -$299,999 82 75 80 73 199 140 159 175
$300,000 -$349,999 49 33 37 46 236 183 219 214
$350,000 -$399,999 45 33 36 35 249 193 188 268
$400,000 -$449,999 26 25 23 14 251 190 265 260
$450,000 -$499,999 32 27 17 18 310 338 496 573
$500,000 -$549,999 7 7 6 6 229 410 113 140
$550,000 -$599,999 18 10 6 4 254 176 297 436
$600,000 -$649,999 3 3 2 2 204 289 220 397
$650,000 -$699,999 11 3 3 3 300 165 91 143
$700,000 -$799,999 5 4 6 9 221 385 360 323
$800,000 -$899,999 5 3 3 1 344 70 122 120
$900,000 -$999,999 3 1 3 2 138 107 148 325
$1,000,000 -$1,999,999 8 5 6 6 254 197 229 131
Over $2,000,000 0 0 0 0 N/A N/A N/A N/A
561 569 632 595
$259,950 $225,400 $220,000 $219,950
$321,764 $279,448 $271,432 $270,383
203 160 184 193
Number of Properties
Listing Price Range
Total Countya
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
107
SPOKANE AREA NEW CONSTRUCTION RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
9/30/07 3/31/08 10/21/08 4/21/09 9/30/07 3/31/08 10/21/08 4/21/09
$100,000 -$119,999 0 0 0 4 N/A N/A N/A 56
$120,000 -$159,999 23 17 17 35 66 174 93 77
$160,000 -$199,999 74 88 97 105 82 102 120 153
$200,000 -$249,999 154 143 129 104 117 103 149 191
$250,000 -$299,999 161 139 134 104 107 126 150 199
$300,000 -$349,999 95 91 79 65 127 120 198 232
$350,000 -$399,999 91 75 62 47 120 125 180 198
$400,000 -$449,999 59 43 64 40 109 131 151 215
$450,000 -$499,999 43 49 53 35 116 109 171 252
$500,000 -$549,999 27 31 23 11 89 116 219 155
$550,000 -$599,999 25 40 37 32 106 127 183 226
$600,000 -$649,999 16 18 18 9 107 114 161 271
$650,000 -$699,999 19 18 13 8 130 138 176 175
$700,000 -$799,999 20 21 15 10 90 83 182 190
$800,000 -$899,999 13 12 10 9 100 135 140 202
$900,000 -$999,999 7 2 5 1 92 86 204 22
$1,000,000 -$1,999,999 12 7 12 11 103 132 136 160
Over $2,000,000 2 0 0 0 176 N/A N/A 0
841 794 768 630
$309,000 $305,950 $305,950 $284,990
$372,216 $366,115 $373,708 $347,368
109 117 159 190
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
108
SPOKANE AREA NEW CONSTRUCTION RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
9/30/05 3/31/06 9/30/06 3/31/07 9/30/05 3/31/06 9/30/06 3/31/07
$40,000 -$49,999 0 0 0 0 N/A N/A N/A N/A
$50,000 -$59,999 0 0 0 0 N/A N/A N/A N/A
$60,000 -$69,999 0 0 0 0 N/A N/A N/A N/A
$70,000 -$79,999 0 0 0 0 N/A N/A N/A N/A
$80,000 -$89,999 0 0 0 0 N/A N/A N/A N/A
$90,000 -$99,999 0 0 0 0 N/A N/A N/A N/A
$100,000 -$119,999 0 3 0 0 N/A 209 N/A N/A
$120,000 -$159,999 2 11 13 4 88 56 19 107
$160,000 -$199,999 61 50 77 98 86 109 69 73
$200,000 -$249,999 71 101 182 159 91 75 82 90
$250,000 -$299,999 92 102 133 120 127 91 110 110
$300,000 -$349,999 47 66 97 118 98 109 101 127
$350,000 -$399,999 32 52 91 101 76 107 96 110
$400,000 -$449,999 31 29 49 59 119 99 107 115
$450,000 -$499,999 14 31 46 44 91 92 124 116
$500,000 -$599,999 18 24 41 46 126 88 131 144
$600,000 -$699,999 7 12 32 27 121 63 123 115
$700,000 -$799,999 5 9 24 24 137 61 77 114
$800,000 -$899,999 2 1 10 9 97 78 92 115
$900,000 -$999,999 1 2 4 5 41 182 60 137
$1,000,000 -$1,999,999 1 1 8 5 53 91 92 65
Over $2,000,000 0 0 0 2 0 0 0 85
384 494 807 821
$284,900 $292,900 $299,990 $317,000
$321,084 $332,562 $363,698 $362,120
103 93 96 107
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
109
SPOKANE AREA NEW CONSTRUCTION RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
9/30/03 3/31/04 9/30/04 3/31/05 9/30/03 3/31/04 9/30/04 3/31/05
$40,000 -$49,999 0 0 2 0 N/A N/A 53 N/A
$50,000 -$59,999 0 0 0 0 N/A N/A N/A N/A
$60,000 -$69,999 0 0 0 0 N/A N/A N/A N/A
$70,000 -$79,999 0 1 0 0 N/A 52 N/A N/A
$80,000 -$89,999 1 0 0 1 26 N/A N/A 187
$90,000 -$99,999 0 4 1 0 N/A 185 18 N/A
$100,000 -$119,999 16 7 4 1 78 120 29 6
$120,000 -$159,999 74 95 50 43 103 94 76 56
$160,000 -$199,999 80 98 127 119 99 88 89 62
$200,000 -$249,999 53 82 89 93 95 99 109 79
$250,000 -$299,999 47 56 43 84 106 109 101 75
$300,000 -$349,999 26 35 42 51 84 145 123 84
$350,000 -$399,999 14 19 20 34 113 129 119 107
$400,000 -$449,999 4 9 9 16 175 106 62 73
$450,000 -$499,999 3 5 5 12 147 50 46 94
$500,000 -$599,999 1 4 7 12 262 62 82 162
$600,000 -$699,999 1 1 4 7 146 332 62 80
$700,000 -$799,999 1 0 1 2 161 N/A 82 26
$800,000 -$899,999 0 0 0 1 N/A N/A N/A 35
$900,000 -$999,999 0 0 0 0 N/A N/A N/A N/A
Over $1,000,000 0 0 0 2 N/A N/A N/A 47
321 416 416 478
$189,950 $204,900 $211,950 $239,500
$220,948 $227,197 $241,692 $275,832
101 103 95 76 Average Market Time
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
110
SPOKANE AREA NEW CONSTRUCTION RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
9/30/01 3/31/02 9/30/02 3/31/03 9/30/01 3/31/02 9/30/02 3/31/03
$40,000 -$49,999 0 0 1 0 N/A N/A 76 N/A
$50,000 -$59,999 0 0 0 0 N/A N/A N/A N/A
$60,000 -$69,999 0 1 0 0 N/A 27 N/A N/A
$70,000 -$79,999 0 0 0 0 N/A N/A N/A N/A
$80,000 -$89,999 2 0 0 2 21 N/A N/A 31
$90,000 -$99,999 8 10 5 4 86 162 190 180
$100,000 -$119,999 42 27 31 21 112 89 110 129
$120,000 -$159,999 130 123 112 117 91 95 106 87
$160,000 -$199,999 74 80 82 75 130 104 93 100
$200,000 -$249,999 53 63 72 50 125 101 127 102
$250,000 -$299,999 31 42 34 40 106 121 133 80
$300,000 -$349,999 11 10 16 14 128 139 121 152
$350,000 -$399,999 4 7 10 9 338 88 111 91
$400,000 -$449,999 8 6 6 2 180 220 68 88
$450,000 -$499,999 6 1 4 5 169 299 71 110
$500,000 -$599,999 3 5 4 3 191 125 85 121
$600,000 -$699,999 5 2 1 0 224 268 19 n.a.
$700,000 -$799,999 0 0 2 2 N/A N/A 60 242
377 377 380 344
$164,900 $174,950 $179,500 $173,450
$195,998 $198,963 $205,835 $202,236
116 107 110 99
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
111
SPOKANE AREA NEW CONSTRUCTION RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
9/30/99 3/31/00 9/30/00 3/31/01 9/30/99 3/31/00 9/30/00 3/31/01
$50,000 -$59,999 1 0 0 0 36 N/A N/A N/A
$60,000 -$69,999 0 0 0 1 N/A N/A N/A 167
$70,000 -$79,999 0 1 0 0 N/A 14 N/A N/A
$80,000 -$89,999 1 4 5 4 65 109 46 186
$90,000 -$99,999 7 5 9 8 76 67 82 128
$100,000 -$119,999 75 60 50 40 122 138 131 161
$120,000 -$159,999 131 137 119 107 118 119 143 113
$160,000 -$199,999 107 96 80 92 121 132 164 82
$200,000 -$249,999 56 53 42 43 155 141 205 113
$250,000 -$299,999 8 12 15 20 143 143 135 89
$300,000 -$349,999 4 7 6 4 171 181 197 79
$350,000 -$399,999 14 13 3 5 88 192 185 226
$400,000 -$449,999 4 3 2 5 184 153 169 132
$450,000 -$499,999 5 1 1 1 179 259 29 250
$500,000 -$599,999 1 2 3 4 881 58 217 146
$600,000 -$699,999 2 3 2 3 209 234 255 298
416 397 337 337
$159,505 $156,900 $157,570 $166,900
$178,085 $179,434 $175,106 $185,835
127 132 153 114
Median Listing Price
Listing Price Range
Total Countya
Number of Properties
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
112
SPOKANE AREA NEW CONSTRUCTION RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
9/30/97 3/31/98 9/30/98 3/31/99 9/30/97 3/31/98 9/30/98 3/31/99
$60,000 -$69,999 1 1 1 1 27 49 232 22
$70,000 -$79,999 1 0 0 1 48 N/A N/A 90
$80,000 -$89,999 6 3 4 2 70 30 140 108
$90,000 -$99,999 21 18 8 11 184 223 113 90
$100,000 -$119,999 87 88 79 71 129 119 117 85
$120,000 -$159,999 176 142 149 141 153 166 130 122
$160,000 -$199,999 112 95 99 113 164 120 155 129
$200,000 -$249,999 37 51 54 58 143 111 117 124
$250,000 -$299,999 25 10 20 13 171 101 122 190
$300,000 -$349,999 6 6 8 7 149 118 108 225
$350,000 -$399,999 14 12 2 7 353 468 50 174
$400,000 -$449,999 1 0 0 0 113 N/A N/A N/A
$450,000 -$499,999 5 4 3 6 222 227 83 94
$500,000 -$599,999 1 2 2 3 147 240 463 306
$600,000 -$699,999 0 0 0 1 N/A N/A N/A 187
493 432 429 435
$149,900 $153,900 $154,900 $159,000
$167,571 $168,399 $168,777 $175,212
157 148 132 122
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
Listing Price Range
Total Countya
Number of Properties
The Real Estate Report Volume 42, Number 1
Spring 2018
113
SPOKANE AREA EXISTING RESALE RESIDENCE UNSOLD INVENTORY
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
Area
10/1/17 4/1/18 10/1/17 4/1/18
$10,000 -$19,999 0 0 N/A N/A
$20,000 -$29,999 0 0 N/A N/A
$30,000 -$39,999 1 2 160 186
$40,000 -$49,999 6 1 91 9
$50,000 -$59,999 10 4 105 96
$60,000 -$69,999 14 6 83 138
$70,000 -$79,999 14 13 103 126
$80,000 -$89,999 25 8 94 63
$90,000 -$99,999 37 6 94 73
$100,000 -$119,999 95 34 72 94
$120,000 -$159,999 289 86 59 73
$160,000 -$199,999 287 101 62 67
$200,000 -$249,999 335 135 68 63
$250,000 -$299,999 252 135 64 62
$300,000 -$349,999 163 108 72 69
$350,000 -$399,999 126 74 82 69
$400,000 -$449,999 94 47 83 76
$450,000 -$499,999 81 50 100 89
$500,000 -$549,999 38 27 93 90
$550,000 -$599,999 49 30 91 58
$600,000 -$649,999 26 17 90 85
$650,000 -$699,999 45 33 97 126
$700,000 -$799,999 25 16 98 112
$800,000 -$899,999 22 17 120 88
$900,000 -$999,999 20 11 168 139
$1,000,000 -$1,999,999 34 23 136 152
$2,000,000 -$2,999,999 1 0 121 N/A
$3,000,000 -And Over 4 5 N/A 167
2,093 989 0 0
$239,900 $285,000
$312,888 $368,389
56 72
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
Number of Listings at Point in Time Average Days on Market at Point in Time
Listing Price Range
Total Countya
Number of Properties
The Real Estate Report Volume 42, Number 1
Spring 2018
114
SPOKANE AREA EXISTING RESALE RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
Area
10/1/15 4/1/16 10/1/16 4/1/17 10/1/15 4/1/16 10/1/16 4/1/17
$10,000 -$19,999 0 0 1 1 N/A 0 42 38
$20,000 -$29,999 0 1 2 0 N/A 11 90 N/A
$30,000 -$39,999 9 4 9 0 160 40 95 N/A
$40,000 -$49,999 8 8 12 8 91 117 131 93
$50,000 -$59,999 26 17 22 12 105 85 63 98
$60,000 -$69,999 49 29 22 17 83 97 85 77
$70,000 -$79,999 55 29 24 18 103 108 80 75
$80,000 -$89,999 57 31 34 13 94 70 80 50
$90,000 -$99,999 65 41 36 26 94 77 66 97
$100,000 -$119,999 152 115 130 68 72 66 73 59
$120,000 -$159,999 393 273 312 138 59 63 56 50
$160,000 -$199,999 397 262 294 170 62 59 54 37
$200,000 -$249,999 345 258 322 175 68 51 55 39
$250,000 -$299,999 252 174 228 162 64 59 54 51
$300,000 -$349,999 154 128 146 81 72 59 67 54
$350,000 -$399,999 119 82 115 82 82 70 62 52
$400,000 -$449,999 66 73 65 42 83 57 85 43
$450,000 -$499,999 82 58 67 51 100 81 89 71
$500,000 -$549,999 50 31 38 18 93 89 108 98
$550,000 -$599,999 44 38 42 26 91 58 84 77
$600,000 -$649,999 21 21 23 15 90 91 74 50
$650,000 -$699,999 29 25 31 23 97 57 96 79
$700,000 -$799,999 33 20 41 24 98 108 97 90
$800,000 -$899,999 26 23 23 15 120 148 111 90
$900,000 -$999,999 17 15 15 9 168 90 121 129
$1,000,000 -$1,999,999 28 18 25 16 136 87 107 89
$2,000,000 -$2,999,999 5 3 4 1 121 145 133 85
$3,000,000 -And Over 0 0 0 2 N/A 0 ---76
2,482 1,777 2,083 1,213
$205,250 $214,900 $225,000 $239,900
$271,671 $280,831 $288,201 $303,582
75 66 84 71
Median Listing Price
Number of Listings at Point in Time Average Days on Market at Point in Time
Listing Price Range
Total Countya
Number of Properties
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
115
SPOKANE AREA EXISTING RESALE RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
Area Average Days on Market at Point in Time
10/1/13 4/1/14 10/1/14 4/1/15 10/1/13 4/1/14 10/1/14 4/1/15
$10,000 -$19,999 0 0 0 0 N/A N/A N/A N/A
$20,000 -$29,999 1 1 1 3 50 45 29 55
$30,000 -$39,999 10 12 11 6 83 80 93 47
$40,000 -$49,999 19 21 19 21 132 106 47 71
$50,000 -$59,999 33 33 32 30 119 57 86 82
$60,000 -$69,999 58 55 58 46 113 123 110 73
$70,000 -$79,999 77 65 63 57 113 103 95 93
$80,000 -$89,999 83 78 86 61 130 102 108 106
$90,000 -$99,999 110 90 91 71 127 113 102 94
$100,000 -$119,999 214 191 233 152 92 99 89 78
$120,000 -$159,999 498 407 486 375 99 92 77 68
$160,000 -$199,999 380 330 444 320 85 72 76 73
$200,000 -$249,999 327 270 384 319 82 72 74 68
$250,000 -$299,999 238 231 294 195 87 80 80 56
$300,000 -$349,999 149 124 167 132 96 82 94 67
$350,000 -$399,999 148 94 145 122 105 86 86 72
$400,000 -$449,999 52 68 73 68 103 77 89 69
$450,000 -$499,999 75 62 83 65 124 94 95 63
$500,000 -$549,999 33 29 41 32 56 74 86 85
$550,000 -$599,999 38 30 45 54 114 111 88 72
$600,000 -$649,999 11 13 21 26 108 91 104 88
$650,000 -$699,999 30 25 38 24 99 92 89 123
$700,000 -$799,999 30 19 32 24 118 113 97 70
$800,000 -$899,999 16 15 14 15 152 90 108 108
$900,000 -$999,999 12 10 15 18 182 205 121 85
$1,000,000 -$1,999,999 23 17 28 25 127 222 176 152
$2,000,000 -$2,999,999 2 1 3 4 191 18 152 118
$3,000,000 -And Over 6 3 3 2 274 206 105 178
2,673 2,291 2,910 2,267
$182,900 $180,000 $195,000 $199,950
$253,721 $243,417 $256,038 $269,314
99 88 85 74
Number of Listings at Point in Time
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
116
SPOKANE AREA EXISTING RESALE RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
Area
10/10/11 4/1/12 10/1/12 4/1/13 10/10/11 4/1/12 10/1/12 4/1/13
$10,000 -$19,999 0 0 0 0 N/A N/A N/A N/A
$20,000 -$29,999 2 3 4 1 59 69 109 131
$30,000 -$39,999 10 4 11 10 141 192 162 95
$40,000 -$49,999 26 19 22 25 105 126 155 90
$50,000 -$59,999 41 58 45 41 119 136 147 124
$60,000 -$69,999 60 55 51 67 101 136 143 120
$70,000 -$79,999 74 66 76 74 114 123 122 144
$80,000 -$89,999 83 85 83 81 125 112 115 122
$90,000 -$99,999 117 110 112 109 130 122 130 102
$100,000 -$119,999 246 196 227 194 101 110 109 104
$120,000 -$159,999 578 421 537 453 107 103 94 93
$160,000 -$199,999 534 390 457 382 110 97 96 83
$200,000 -$249,999 416 342 379 291 107 105 92 78
$250,000 -$299,999 305 220 265 205 106 100 98 85
$300,000 -$349,999 154 132 139 104 121 108 110 101
$350,000 -$399,999 151 98 122 101 133 94 116 90
$400,000 -$449,999 79 67 72 49 114 119 110 110
$450,000 -$499,999 75 52 74 55 141 106 97 92
$500,000 -$549,999 40 23 33 28 128 108 51 111
$550,000 -$599,999 50 32 40 20 114 96 98 93
$600,000 -$649,999 22 22 22 18 121 103 142 83
$650,000 -$699,999 35 23 21 13 92 95 142 121
$700,000 -$799,999 23 22 28 26 161 161 117 93
$800,000 -$899,999 21 11 18 6 272 62 129 157
$900,000 -$999,999 13 13 11 7 228 205 230 147
$1,000,000 -$1,999,999 32 19 22 13 176 130 171 95
$2,000,000 -$2,999,999 4 3 1 1 97 189 151 75
$3,000,000 -And Over 5 4 5 4 153 281 304 378
3,196 2,490 2,877 2,374
$189,000 $185,000 $182,000 $174,999
$254,576 $245,226 $245,581 $229,747
114 108 105 96
Number of Listings at Point in Time Average Days on Market at Point in Time
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
117
SPOKANE AREA EXISTING RESALE RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
10/5/09 3/31/10 10/2/10 4/1/11 10/5/09 3/31/10 10/2/10 4/1/11
$10,000 -$19,999 0 0 0 1 N/A N/A N/A 36
$20,000 -$29,999 0 1 2 2 N/A 297 47 15
$30,000 -$39,999 3 0 3 13 97 N/A 40 140
$40,000 -$49,999 7 12 14 28 128 93 58 86
$50,000 -$59,999 14 13 23 28 101 100 152 100
$60,000 -$69,999 28 17 38 59 129 132 84 97
$70,000 -$79,999 38 32 60 64 119 125 108 96
$80,000 -$89,999 62 78 100 77 88 123 102 122
$90,000 -$99,999 67 102 103 83 81 79 100 100
$100,000 -$119,999 243 238 250 226 86 90 97 114
$120,000 -$159,999 623 627 665 499 83 85 94 104
$160,000 -$199,999 637 620 608 439 93 83 100 108
$200,000 -$249,999 536 487 519 396 103 92 107 96
$250,000 -$299,999 409 349 358 237 110 83 112 102
$300,000 -$349,999 231 184 210 146 115 99 106 115
$350,000 -$399,999 201 170 171 134 110 96 109 112
$400,000 -$449,999 97 93 98 83 135 121 112 106
$450,000 -$499,999 103 107 99 67 135 110 127 124
$500,000 -$549,999 55 40 46 29 125 146 121 135
$550,000 -$599,999 58 54 52 33 113 123 107 125
$600,000 -$649,999 32 33 25 16 158 103 90 74
$650,000 -$699,999 51 46 36 21 115 126 141 154
$700,000 -$799,999 34 30 41 17 118 139 126 135
$800,000 -$899,999 38 21 23 16 165 146 204 169
$900,000 -$999,999 21 16 19 15 172 109 171 222
$1,000,000 -$1,999,999 55 48 32 24 132 176 202 196
$2,000,000 -$2,999,999 5 4 2 3 152 85 227 94
$3,000,000 -And Over 2 2 2 2 441 651 131 177
3,650 3,424 3,599 2,758
$212,500 $199,900 $199,400 $188,500
$279,454 $268,380 $258,275 $245,905
103 95 106 108
Average Listing Price
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
118
SPOKANE AREA EXISTING RESALE RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
9/30/07 3/31/08 10/21/08 4/21/09 9/30/07 3/31/08 10/21/08 4/21/09
$30,000 -$39,999 0 0 1 1 N/A N/A 94 294
$40,000 -$49,999 0 3 0 1 N/A 15 N/A 245
$50,000 -$59,999 2 2 5 4 19 58 123 26
$60,000 -$69,999 8 10 11 22 57 54 74 110
$70,000 -$79,999 23 21 23 43 51 54 87 80
$80,000 -$89,999 41 27 46 54 48 72 90 93
$90,000 -$99,999 38 37 64 71 46 54 63 77
$100,000 -$119,999 146 134 182 151 47 58 80 91
$120,000 -$159,999 504 437 575 469 48 62 79 97
$160,000 -$199,999 507 442 562 472 44 50 84 95
$200,000 -$249,999 555 468 519 415 48 53 95 94
$250,000 -$299,999 380 374 378 332 54 62 99 98
$300,000 -$349,999 205 203 214 209 58 66 100 115
$350,000 -$399,999 174 155 191 180 61 58 93 95
$400,000 -$449,999 93 80 92 86 55 71 90 114
$450,000 -$499,999 96 76 118 91 59 63 99 104
$500,000 -$549,999 50 49 68 61 67 59 130 124
$550,000 -$599,999 72 56 63 62 67 66 106 107
$600,000 -$649,999 31 28 29 22 74 78 136 129
$650,000 -$699,999 35 26 40 36 69 75 108 134
$700,000 -$799,999 39 34 39 26 76 64 94 128
$800,000 -$899,999 27 23 34 32 57 42 115 143
$900,000 -$999,999 20 22 26 20 92 114 151 138
$1,000,000 -$1,999,999 36 38 54 45 107 99 122 108
$2,000,000 -$2,999,999 2 2 3 4 113 186 55 107
$3,000,000 -And Over 1 2 1 2 91 274 92 274
3,085 2,749 3,340 2,911
$225,000 $229,900 $223,900 $222,950
$287,160 $289,896 $292,608 $290,441
53 60 92 100
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
119
SPOKANE AREA EXISTING RESALE RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
9/30/05 3/31/06 9/30/06 3/31/07 9/30/05 3/31/06 9/30/06 3/31/07
$0 -$9,999 0 0 0 0 N/A N/A N/A N/A
$10,000 -$19,999 0 0 0 0 N/A N/A N/A N/A
$20,000 -$29,999 0 0 0 1 N/A N/A N/A 154
$30,000 -$39,999 1 0 0 0 126 N/A N/A N/A
$40,000 -$49,999 4 0 4 0 55 N/A 34 N/A
$50,000 -$59,999 13 9 9 2 47 31 28 96
$60,000 -$69,999 23 9 14 9 73 45 53 40
$70,000 -$79,999 39 36 25 14 44 49 50 59
$80,000 -$89,999 73 46 38 37 38 49 37 50
$90,000 -$99,999 81 72 40 30 36 38 38 58
$100,000 -$119,999 165 109 152 77 37 44 43 54
$120,000 -$159,999 316 264 400 313 32 49 45 44
$160,000 -$199,999 223 242 408 331 36 47 60 41
$200,000 -$249,990 169 167 351 319 35 43 47 47
$250,000 -$299,999 148 136 261 250 39 46 51 52
$300,000 -$349,999 94 73 161 165 44 42 44 46
$350,000 -$399,999 66 62 134 114 51 57 54 53
$400,000 -$449,999 25 28 79 67 66 48 56 49
$450,000 -$499,999 40 25 60 64 63 50 61 58
$500,000 -$599,999 33 33 73 61 76 66 66 57
$600,000 -$699,999 31 21 44 33 56 63 70 53
$700,000 -$799,999 14 17 36 22 73 97 68 69
$800,000 -$899,999 6 8 12 21 112 83 65 61
$900,000 -$999,999 10 10 12 13 63 61 75 79
$1,000,000 -$1,999,999 21 13 26 23 68 163 96 110
$2,000,000 -And Over 2 2 3 1 129 28 95 378
1,597 1,382 2,342 1,967
$175,000 $189,000 $215,000 $229,000
$242,486 $246,887 $272,988 $283,159
41 49 52 49
Number of Properties
Listing Price Range
Total Countya
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
120
SPOKANE AREA EXISTING RESALE RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
9/30/03 3/31/04 9/30/04 3/31/05 9/30/03 3/31/04 9/30/04 3/31/05
$0 -$9,999 2 2 2 5 300 300 341 76
$10,000 -$19,999 2 2 2 14 75 153 176 91
$20,000 -$29,999 10 7 2 15 90 92 186 85
$30,000 -$39,999 19 18 9 13 67 62 143 75
$40,000 -$49,999 50 35 24 30 75 76 97 97
$50,000 -$59,999 74 43 65 36 73 98 87 81
$60,000 -$69,999 140 79 94 29 66 62 69 69
$70,000 -$79,999 145 93 89 63 62 65 67 58
$80,000 -$89,999 165 82 120 65 54 64 53 57
$90,000 -$99,999 121 68 97 85 61 64 51 42
$100,000 -$119,999 188 117 148 120 49 55 49 48
$120,000 -$159,999 257 197 279 240 56 49 44 42
$160,000 -$199,999 122 129 170 160 52 56 50 44
$200,000 -$249,990 96 84 121 124 63 49 50 47
$250,000 -$299,999 62 64 80 79 65 60 76 48
$300,000 -$349,999 38 33 51 61 64 67 60 57
$350,000 -$399,999 33 23 30 53 82 75 72 65
$400,000 -$449,999 15 17 19 33 90 84 58 57
$450,000 -$499,999 12 8 24 34 33 78 78 66
$500,000 -$599,999 18 20 19 18 48 103 107 99
$600,000 -$699,999 9 13 15 17 100 85 125 83
$700,000 -$799,999 13 15 8 12 48 109 84 107
$800,000 -$999,999 2 5 5 14 69 132 121 93
$1,000,000 -$1,999,999 6 10 7 18 165 115 200 168
$2,000,000 -And Over 0 0 0 1 N/A N/A N/A 41
1,599 1,164 1,480 1,339
$110,000 $129,000 $129,950 $148,000
$153,587 $183,382 $178,285 $217,743
63 63 60 56
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
121
SPOKANE AREA EXISTING RESALE RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
9/30/01 3/31/02 9/30/02 3/31/03 9/30/01 3/31/02 9/30/02 3/31/03
$0 -$9,999 4 5 3 3 362 306 312 101
$10,000 -$19,999 4 2 0 3 196 196 N/A 84
$20,000 -$29,999 25 15 13 8 124 105 151 139
$30,000 -$39,999 57 39 31 23 71 113 124 72
$40,000 -$49,999 86 102 94 67 90 116 93 90
$50,000 -$59,999 134 115 114 81 78 83 82 82
$60,000 -$69,999 191 172 167 134 86 80 94 113
$70,000 -$79,999 220 157 188 145 81 78 80 63
$80,000 -$89,999 202 142 168 138 69 61 60 56
$90,000 -$99,999 153 104 133 106 78 79 63 62
$100,000 -$119,999 261 190 224 179 72 61 60 58
$120,000 -$159,999 346 275 331 298 69 69 64 58
$160,000 -$199,999 172 135 165 156 80 67 65 64
$200,000 -$249,990 123 99 115 88 73 84 78 71
$250,000 -$299,999 68 60 60 63 78 84 84 65
$300,000 -$349,999 35 30 40 31 93 95 82 84
$350,000 -$399,999 24 17 23 32 100 77 86 86
$400,000 -$449,999 8 7 12 15 123 110 102 107
$450,000 -$499,999 11 10 26 15 134 98 77 112
$500,000 -$599,999 11 16 15 11 125 99 220 151
$600,000 -$699,999 11 12 13 12 111 183 137 97
$700,000 -$799,999 4 1 5 6 165 91 133 212
$800,000 -$999,999 4 3 4 2 297 213 112 68
$1,000,000 -And Over 1 3 5 1 67 86 148 437
2,155 1,711 1,949 1,617
$100,000 $100,000 $107,950 $114,900
$130,580 $135,127 $143,435 $145,766
79 79 76 72
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
122
SPOKANE AREA EXISTING RESALE RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
(continued)
9/30/99 3/31/00 9/30/00 3/31/01 9/30/99 3/31/00 9/30/00 3/31/01
$0 -$9,999 0 0 0 4 N/A N/A N/A 180
$10,000 -$19,999 5 7 1 1 133 157 182 5
$20,000 -$29,999 11 14 14 12 151 179 114 108
$30,000 -$39,999 49 63 36 52 98 109 114 95
$40,000 -$49,999 63 66 72 74 116 88 84 82
$50,000 -$59,999 147 137 115 102 80 78 77 84
$60,000 -$69,999 260 197 201 135 90 75 83 85
$70,000 -$79,999 242 185 209 169 71 71 77 69
$80,000 -$89,999 215 193 198 145 69 68 66 65
$90,000 -$99,999 185 161 164 136 81 71 66 70
$100,000 -$119,999 342 255 325 247 62 71 73 61
$120,000 -$159,999 411 317 345 285 79 75 75 73
$160,000 -$199,999 201 173 184 190 78 72 84 75
$200,000 -$249,990 120 111 105 98 88 68 81 69
$250,000 -$299,999 53 48 34 31 115 91 103 78
$300,000 -$349,999 16 22 18 26 100 72 86 80
$350,000 -$399,999 16 15 23 19 73 72 97 62
$400,000 -$449,999 6 13 11 9 181 141 95 78
$450,000 -$499,999 12 8 5 7 177 136 56 50
$500,000 -$599,999 4 9 11 12 109 133 152 106
$600,000 -$699,999 2 4 2 5 84 108 51 108
$700,000 -$799,999 1 2 7 5 217 53 106 181
$800,000 -$999,999 4 5 5 5 179 142 112 189
$1,000,000 -And Over 2 3 3 3 273 320 462 113
2,367 2,008 2,088 1,772
$102,000 $99,900 $104,500 $105,900
$122,026 $126,817 $128,002 $133,186
81 77 79 74 Average Market Time
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
a Includes Suncrest (in Stevens County)
The Real Estate Report Volume 42, Number 1
Spring 2018
123
SPOKANE AREA EXISTING RESALE RESIDENCE UNSOLD INVENTORY
(continued)
Source: Spokane Association of REALTORS MLS, Rob Higgins (509) 326-9222
9/30/97 3/31/98 9/30/98 3/31/99 9/30/97 3/31/98 9/30/98 3/31/99
$10,000 -$19,999 n.a.2 1 1 N/A 94 69 43
$20,000 -$29,999 4 6 14 15 43 82 99 85
$30,000 -$39,999 23 24 44 30 77 88 90 105
$40,000 -$49,999 68 57 71 52 85 111 105 105
$50,000 -$59,999 120 118 130 99 97 101 96 70
$60,000 -$69,999 220 164 227 205 77 80 74 83
$70,000 -$79,999 237 179 271 198 65 71 72 66
$80,000 -$89,999 277 188 231 168 80 68 73 64
$90,000 -$99,999 196 179 177 149 78 60 77 58
$100,000 -$119,999 345 263 349 271 78 75 75 57
$120,000 -$159,999 409 374 438 363 73 69 74 71
$160,000 -$199,999 192 181 204 176 81 62 89 68
$200,000 -$249,990 109 102 113 95 99 71 91 74
$250,000 -$299,999 58 55 53 45 97 96 87 85
$300,000 -$349,999 23 20 18 29 94 89 75 84
$350,000 -$399,999 10 19 12 17 138 127 163 57
$400,000 -$449,999 4 5 7 11 94 88 89 133
$450,000 -$499,999 6 4 12 11 156 56 140 98
$500,000 -$599,999 8 11 9 9 189 180 170 154
$600,000 -$699,999 4 3 1 0 86 164 30 n.a.
$700,000 -$799,999 3 1 2 2 117 415 119 45
$800,000 -$999,999 1 1 4 2 142 324 159 266
$1,000,000 -And Over 2 3 2 2 385 147 196 92
2,269 1,959 2,390 1,950
$104,900 $107,000 $104,900 $105,000
$123,972 $128,278 $123,409 $128,476
80 76 80 71 Average Market Time
a Includes Suncrest (in Stevens County)
Listing Price Range
Total Countya
Number of Properties
Median Listing Price
Average Listing Price
124
125
SPOKANE
HOUSING
INVENTORY
126
The Real Estate Report Volume 42, Number 1
Spring 2018
127
TOTAL HOUSING STOCK BY TYPE OF UNIT
(Spokane County – Total of all Jurisdictions)
Source: Washington State OFM; Tom Kimpel (360) 902-0596
Compiled by: Alivia Metts, The Metts Group (208) 277-6940
Type of Unit Number
of Units
Percent
of Total
Number
of Units
Percent
of Total
Number
of Units
Percent
of Total
Single-Family 143,865 70.0%137,779 67.0%120,520 68.9%
Duplex 5,235 2.5%6,379 3.1%6,351 3.6%
3 - 4 Unit
Structures 6,317 3.1%6,018 2.9%6,099 3.5%
5 or more Unit
Structures 38,252 18.6%35,359 17.2%29,749 17.0%
Mobile Homes 11,371 5.5%12,158 5.9%12,095 6.9%
Total 205,487 100.0%205,487 100.0%174,814 100.0%
Type of Unit Number
of Units
Percent
of Total
Single-Family 77,074 77.5%
Duplex 4,611 4.6%
3 - 4 Unit
Structures 2,846 2.9%
5 or more Unit
Structures 12,420 12.5%
Mobile Homes 2,488 2.5%
Total 99,439 100.0%
c 1970 Census
2015a 2010a 2000b
1970c
a U.S. Census American Community Survey 5-Year Estimates
b 2000 Census
The Real Estate Report Volume 42, Number 1
Spring 2018
128
TOTAL HOUSING STOCK BY TYPE OF UNIT
(Spokane City only)
Source: Washington State OFM; Tom Kimpel (360) 902-0596
Compiled by: Alivia Metts, The Metts Group (208) 277-6940
Type of Unit Number
of Units
Percent
of Total
Number
of Units
Percent
of Total
Number
of Units
Percent
of Total
Single-Family 65,671 68.5%64,672 68.3%60,005 68.1%
Duplex 3,038 3.2%3,700 3.9%3,913 4.4%
3 - 4 Unit
Structures 3,877 4.0%3,953 4.2%4,245 4.8%
5 or more Unit
Structures 21,809 22.7%20,750 21.9%18,360 20.8%
Mobile Homes 1,486 1.5%1,634 1.7%1,563 1.8%
Total 95,881 100.0%94,709 100.0%88,086 100.0%
Type of Unit Number
of Units
Percent
of Total
Single-Family 48,646 75.6%
Duplex 2,780 4.3%
3 - 4 Unit
Structures 2,378 3.7%
5 or more Unit
Structures 10,215 15.9%
Mobile Homes 302 0.5%
Total 64,321 100.0%
c 1970 Census
2015a 2010a 2000b
1970c
a U.S. Census American Community Survey 5-Year Estimates
b 2000 Census
The Real Estate Report Volume 42, Number 1
Spring 2018
129
TOTAL HOUSING STOCK BY TYPE OF UNIT
(Spokane Valley Only)
Source: Washington State OFM; Tom Kimpel (360) 902-0596
Compiled by: Alivia Metts, The Metts Group (208) 277-6940
Type of Unit Number
of Units
Percent
of Total
Number
of Units
Percent
of Total
Number
of Units
Percent
of Total
Single Family 26,515 66.7%25,856 67.3%23,800 66.0%
Duplex 1,029 2.6%1,088 2.8%1,551 4.3%
3 – 4 Unit
Structures 889 2.2%835 2.2%969 2.7%
5 or More Unit
Structures 8,929 22.5%8,323 21.7%7,195 20.0%
Mobile Homes 2,403 6.0%2,308 6.0%2,548 7.1%
Total 39,765 100.0%38,410 100.0%36,063 100.0%
bThese figures are the official estimates of the State OFM Office, less “Special Units”.
2015a 2010a 2004b
a U.S. Census American Community Survey 5-Year Estimates
The Real Estate Report Volume 42, Number 1
Spring 2018
130
SPOKANE COUNTY HOME OWNERSHIP RATE
Source: U.S. Census
Compiled by: Alivia Metts, The Metts Group (208) 277-6940
Year Total Occupied
Unitsa
Owner Occupied
Units
Renter Occupied
Units
Home Ownership
Percentagea
1960 87,771 60,163 27,608 68.5%
1970 93,681 64,788 28,893 69.2%
1980 128,403 86,087 42,316 67.0%
1990 141,619 90,233 51,386 63.7%
2000 163,611 107,203 56,408 65.5%
2010 187,167 120,763 66,404 64.5%
2015b 189,471 119,096 70,375 62.9%
aAll structure types, including apartments
bU.S. Census, American Community Survey 5-Year Estimates
The Real Estate Report Volume 42, Number 1
Spring 2018
131
HOUSING AFFORDABILITY INDEX
Spokane County, Other Counties, State Of Washington
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA
Benton Countya 205.1 173.3 183.6 180.2 174.7 172.5 175.2 175.3 158.8 156.6 155.1 151.8
Clark County 179.0 167.5 151.1 152.9 148.8 144.8 143.3 142.1 135.3 123.3 121.6 123.8
King County 112.7 103.0 101.9 102.5 76.0 92.3 93.4 88.9 86.4 79.4 78.1 80.4
Pierce County 171.5 158.8 156.3 157.9 159.1 148.8 147.6 145.3 138.1 130.5 120.1 129.0
Snohomish County 136.3 129.8 128.3 130.5 126.5 124.6 122.5 123.7 111.4 108.9 105.4 108.0
SPOKANE COUNTY 196.5 186.2 175.0 184.8 185.2 174.2 172.6 177.4 166.5 159.4 158.6 160.5
Thurston County 183.4 172.6 162.1 170.3 172.0 162.7 163.1 161.5 154.9 148.0 147.2 148.5
Yakima County 183.1 171.4 164.0 176.0 164.2 161.8 157.4 149.3 146.9 142.4 139.4 143.0
STATEWIDE 152.0 143.1 138.9 140.2 143.4 133.7 126.9 131.3 124.3 123.7 114.4 118.2
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. All loans are assumed to be
30 year loans. This "all buyer" index assumes 20% down payment. It is assumed 25% of income can be used for principal and interest payments.
aDue to changes in how data is received from Benton County, figures should not be compared to reports released prior to Q2:2015
This series was revised in the fall of 2003 to benchmark to 2000 census data, and to correct for some previous adjustments.
16:Q3 16:Q4 17:Q1 17:Q2 17:Q3 17:Q415:Q1 15:Q2 15:Q3 15:Q4 16:Q1 16:Q2
The Real Estate Report Volume 42, Number 1
Spring 2018
132
HOUSING AFFORDABILITY INDEX
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA
Benton County 199.0 201.5 203.3 202.6 212.2 205.5 183.8 187.7 196.1 192.5 186.8 183.8
Clark County 221.2 201.2 202.3 198.8 192.4 183.7 159.6 168.4 164.4 160.7 155.1 169.0
King County 146.8 131.9 132.4 134.9 134.6 121.9 106.8 111.7 112.5 105.9 105.6 108.9
Pierce County 216.1 201.0 197.2 204.2 207.6 187.3 163.7 173.5 167.2 165.7 165.3 167.4
Snohomish County 186.8 173.3 170.2 176.0 170.6 158.9 140.1 143.2 140.8 134.6 135.0 136.8
SPOKANE COUNTY 210.9 204.8 201.9 210.8 218.4 206.4 180.5 192.0 196.4 188.5 183.6 192.7
Thurston County 186.4 181.9 193.7 198.4 198.2 194.0 171.3 178.8 181.4 176.1 170.6 173.3
Yakima County 197.6 173.0 190.2 182.3 201.5 186.4 165.5 174.6 183.2 172.1 168.9 171.3
STATEWIDE 185.3 169.0 168.8 173.1 177.2 166.6 144.4 149.4 153.3 142.2 143.0 148.9
This series was revised in the fall of 2003 to benchmark to 2000 census data, and to correct for some previous adjustments.
13:Q4 14:Q1 14:Q2 14:Q3 14:Q4
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. All loans are assumed to be
30 year loans. This "all buyer" index assumes 20% down payment. It is assumed 25% of income can be used for principal and interest payments.
12:Q1 12:Q2 12:Q3 12:Q4 13:Q1 13:Q2 13:Q3
The Real Estate Report Volume 42, Number 1
Spring 2018
133
HOUSING AFFORDABILITY INDEX
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA
Benton County 185.6 185.9 174.5 187.2 176.3 180.4 178.7 180.6 182.5 r 185.2 183.4 198.9
Clark County 144.8 152.5 148.6 161.9 154.8 158.7 165.4 178.9 180.4 r 185.6 191.5 206.0
King County 105.9 105.0 104.2 110.0 111.5 110.5 110.4 119.1 124.0 r 124.0 127.0 145.2
Pierce County 135.2 140.8 137.9 149.1 152.9 150.6 153.1 166.4 171.6 r 175.9 185.4 201.9
Snohomish County 117.9 127.7 124.0 133.9 136.9 137.5 145.0 155.3 161.8 r 165.6 171.5 179.3
SPOKANE COUNTY 152.1 159.0 156.7 170.4 166.9 169.2 165.7 181.4 183.3 r 187.0 187.1 207.2
Thurston County 129.7 137.4 133.3 148.4 148.3 147.8 148.7 162.0 169.6 r 163.6 166.3 181.6
Yakima County 169.1 150.9 152.6 168.2 166.0 160.3 165.0 166.9 176.8 r 165.9 175.4 180.7
STATEWIDE 126.9 124.3 124.1 136.8 135.9 136.9 140.2 149.4 152.2 r 154.7 160.7 174.8
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. All loans are assumed to be
30 year loans. This "all buyer" index assumes 20% down payment. It is assumed 25% of income can be used for principal and interest payments.
This series was revised in the fall of 2003 to benchmark to 2000 census data, and to correct for some previous adjustments.
09:Q1 09:Q2 09:Q3 09:Q4 10:Q1 10:Q2 10:Q3 10:Q4 11:Q1 11:Q2 11:Q3 11:Q4
The Real Estate Report Volume 42, Number 1
Spring 2018
134
HOUSING AFFORDABILITY INDEX
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA
Benton County 178.1 169.6 159.5 180.9 153.6 151.9 140.4 145.1 161.5 158.9 148.0 159.0
Clark County 102.7 97.3 94.3 98.0 102.0 97.2 93.0 99.8 110.8 109.1 113.7 123.6
King County 77.0 70.2 68.9 69.6 71.5 66.9 65.0 72.6 77.8 75.7 78.9 90.1
Pierce County 100.9 95.5 91.7 95.6 90.1 87.3 85.4 92.9 102.4 101.8 106.2 118.0
Snohomish County 90.7 85.1 80.5 83.4 78.7 77.4 76.8 81.3 88.9 90.4 91.8 101.9
SPOKANE COUNTY 133.0 124.0 115.2 126.4 125.2 117.1 109.7 123.2 138.0 124.3 123.6 132.5
Thurston County 111.3 106.3 104.0 108.4 104.8 97.0 95.6 102.8 108.9 107.5 109.1 114.8
Yakima County 148.4 141.4 135.0 140.7 143.4 131.6 116.8 126.7 137.2 132.2 126.6 147.6
STATEWIDE 93.3 87.6 84.7 87.0 86.4 82.0 80.8 89.8 94.9 95.6 97.5 108.6
08:Q4
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. All loans are assumed to be
30 year loans. This "all buyer" index assumes 20% down payment. It is assumed 25% of income can be used for principal and interest payments.
This series was revised in the fall of 2003 to benchmark to 2000 census data, and to correct for some previous adjustments.
07:Q2 07:Q3 07:Q4 08:Q1 08:Q2 08:Q306:Q1 06:Q2 06:Q3 06:Q4 07:Q1
The Real Estate Report Volume 42, Number 1
Spring 2018
135
HOUSING AFFORDABILITY INDEX
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA
Benton County 190.2 189.4 187.5 193.7 197.8 189.6 183.8 188.7 193.7 183.8 180.0 173.6
Clark County 173.0 174.1 170.6 167.6 167.6 155.0 140.3 139.4 135.2 126.5 111.9 106.9
King County 120.1 121.3 117.4 116.9 115.4 105.1 99.6 97.8 92.9 87.4 85.3 80.1
Pierce County 126.0 136.9 140.3 147.2 147.1 137.8 130.4 128.4 123.0 115.4 111.7 104.0
Snohomish County 133.6 133.2 130.1 128.6 131.3 123.1 118.1 118.0 113.9 105.7 101.0 94.7
SPOKANE COUNTY 206.0 208.2 198.7 199.5 205.7 188.6 177.2 169.2 172.6 155.8 141.2 135.5
Thurston County 171.0 171.2 164.5 165.8 168.5 153.8 147.3 149.0 143.5 129.6 122.1 113.5
Yakima County 175.7 178.6 162.1 173.2 171.0 159.5 148.5 157.1 163.8 156.7 154.7 147.8
STATEWIDE 130.5 135.0 132.1 134.4 133.0 123.0 117.5 116.9 113.6 106.6 101.6 96.0
This series was revised in the fall of 2003 to benchmark to 2000 census data, and to correct for some previous adjustments.
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. All loans are assumed to be
30 year loans. This "all buyer" index assumes 20% down payment. It is assumed 25% of income can be used for principal and interest payments.
03:Q1 03:Q2 03:Q3 03:Q4 04:Q1 04:Q2 04:Q3 04:Q4 05:Q1 05:Q2 05:Q3 05:Q4
The Real Estate Report Volume 42, Number 1
Spring 2018
136
HOUSING AFFORDABILITY INDEX
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA
Benton County 174.0 164.3 158.8 163.2 177.9 177.3 179.8 175.5 169.9 176.2 176.9 177.5
Clark County 136.4 131.0 131.2 138.2 151.9 146.4 147.0 155.0 158.4 155.6 159.1 165.9
King County 96.6 92.5 96.7 100.1 107.0 103.2 104.1 112.1 108.7 104.6 110.1 117.1
Pierce County 126.8 119.5 121.7 127.9 136.0 133.8 135.4 141.6 136.4 135.8 137.7 143.7
Snohomish County 112.6 110.3 110.6 114.9 119.6 116.2 115.9 121.8 120.0 119.7 122.5 128.5
SPOKANE COUNTY 167.4 159.7 158.9 167.0 184.3 180.1 172.1 191.1 194.5 193.4 188.2 204.5
Thurston County 151.2 143.8 143.2 146.0 158.0 154.8 153.4 164.9 158.8 160.4 159.2 167.1
Yakima County 121.3 128.7 135.0 132.0 157.1 154.8 150.2 161.0 157.7 163.2 163.4 156.8
STATEWIDE 109.6 106.4 108.6 111.9 120.2 118.6 118.5 126.9 119.3 119.8 122.2 128.4
02:Q2 02:Q3 02:Q4
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. All loans are assumed to be
30 year loans. This "all buyer" index assumes 20% down payment. It is assumed 25% of income can be used for principal and interest payments.
00:Q1 00:Q2 00:Q3 00:Q4 01:Q1 01:Q2 01:Q3 01:Q4 02:Q1
The Real Estate Report Volume 42, Number 1
Spring 2018
137
HOUSING AFFORDABILITY INDEX
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA
Benton County 166.5 176.3 187.6 196.5 191.6 198.3 191.6 196.3 195.5 192.3 176.5 177.7
Clark County 125.4 124.9 126.7 132.4 139.2 135.9 139.4 145.8 151.0 145.0 139.5 140.4
King County 113.2 109.1 111.1 113.6 114.9 124.6 112.8 118.9 112.9 110.4 101.4 101.7
Pierce County 123.0 123.9 121.6 130.0 130.4 132.8 133.0 139.3 138.7 135.8 128.7 130.4
Snohomish County 115.0 112.4 116.4 121.8 125.3 122.2 119.7 120.6 122.7 120.7 117.1 118.8
SPOKANE COUNTY 140.6 137.8 142.3 155.9 169.2 159.1 158.5 171.7 170.6 164.0 154.6 163.8
Thurston County 134.0 129.2 133.6 142.3 145.6 142.2 147.7 150.0 159.2 153.8 148.9 159.8
Yakima County 111.0 119.6 122.4 130.1 137.4 132.0 130.8 131.8 136.1 140.2 133.5 139.9
STATEWIDE 111.4 110.2 113.0 117.6 121.0 121.4 122.7 128.6 124.3 121.6 117.6 114.3
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. All loans are assumed to be
30 year loans. This "all buyer" index assumes 20% down payment. It is assumed 25% of income can be used for principal and interest payments.
98:Q3 98:Q4 99:Q1 99:Q2 99:Q3 99:Q497:Q1 97:Q2 97:Q3 97:Q4 98:Q1 98:Q2
The Real Estate Report Volume 42, Number 1
Spring 2018
138
HOUSING AFFORDABILITY INDEX
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
AREA
Benton County 138.0 127.9 140.2 130.9 159.3 155.3 163.7 162.8 159.0 154.7 145.0
Clark County 136.7 132.7 128.2 125.3 127.6 129.2 134.2 136.9 127.3 121.3 124.1
King County 116.9 111.5 114.1 110.5 110.4 113.3 115.2 117.7 110.4 104.3 113.7
Pierce County 121.2 115.9 117.1 116.8 117.7 120.5 126.1 126.0 118.5 119.0 120.8
Snohomish County 119.6 113.8 115.8 113.1 114.5 118.1 121.2 124.5 115.5 113.8 115.2
SPOKANE COUNTY 140.6 135.8 132.2 137.3 133.5 135.3 142.4 142.2 134.3 128.7 135.5
Thurston County 134.0 127.6 127.1 124.3 125.3 126.8 132.2 134.4 127.2 128.0 130.3
Yakima County 121.0 111.5 122.4 121.6 119.9 116.1 115.6 132.9 116.4 107.2 119.6
STATEWIDE 116.9 112.8 111.8 109.2 114.8 113.8 118.3 119.7 110.2 109.1 112.9
96:Q2 96:Q3 96:Q4
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. All loans are assumed to be
30 year loans. This "all buyer" index assumes 20% down payment. It is assumed 25% of income can be used for principal and interest payments.
94:Q2 94:Q3 94:Q4 95:Q1 95:Q2 95:Q3 95:Q4 96:Q1
The Real Estate Report Volume 42, Number 1
Spring 2018
139
HOUSING AFFORDABILITY INDEX FOR FIRST TIME BUYERS
Spokane County, Other Counties, State Of Washington
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA 15:Q1 15:Q2 15:Q3 15:Q4 16:Q1 16:Q2 16:Q3 16:Q4 17:Q1 17:Q2 17:Q3 17:Q4
Benton Countya 134.7 113.9 120.7 118.5 114.9 113.5 115.3 115.5 104.7 103.2 102.3 100.1
Clark County 102.7 96.5 87.4 88.8 86.8 84.7 84.2 83.7 80.1 73.2 72.5 74.1
King County 63.8 58.5 58.1 58.7 43.7 53.2 54.0 51.6 50.4 46.5 45.9 47.4
Pierce County 87.9 80.8 79.0 79.2 79.2 73.5 72.4 70.7 66.8 62.6 57.2 61.0
Snohomish County 74.7 71.1 70.4 71.6 69.4 68.4 67.2 67.9 61.2 59.8 57.9 59.4
SPOKANE COUNTY 114.0 108.6 102.7 109.1 109.9 103.9 103.5 106.9 100.9 97.1 97.1 98.8
Thurston County 97.2 90.8 84.6 88.3 88.5 83.1 82.7 81.3 77.5 73.5 72.5 72.6
Yakima County 105.5 98.7 94.4 101.3 94.5 93.0 90.5 85.8 84.4 81.8 80.0 82.1
STATEWIDE 85.9 81.0 78.8 79.7 81.7 76.3 72.6 75.2 71.4 71.2 66.0 68.3
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. This first time buyer index
assumes the purchaser has an income 70% of the median household income. The home purchased by first time buyers is 85% of the area's median price. All
loans are assumed to be 30 year loans. This "first time buyer" index assumes 10% downpayment. It is assumed 25% of income can be used for principal and
interest payments.
aDue to changes in how data is received for Benton County, figures should not be compared to reports released prior to Q2:2015
The Real Estate Report Volume 42, Number 1
Spring 2018
140
HOUSING AFFORDABILITY INDEX FOR FIRST TIME BUYERS
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA 12:Q1 12:Q2 12:Q3 12:Q4 13:Q1 13:Q2 13:Q3 13:Q4 14:Q1 14:Q2 14:Q3 14:Q4
Benton County 130.1 131.7 132.9 132.5 138.8 134.5 120.5 123.1 128.7 126.3 122.7 120.7
Clark County 120.5 110.1 111.1 109.7 106.6 102.3 89.4 94.7 92.9 91.1 88.3 96.2
King County 78.9 71.2 71.8 73.4 73.5 66.9 58.9 61.9 62.6 59.2 59.3 61.1
Pierce County 120.8 111.6 108.6 111.6 112.7 100.9 87.7 92.3 88.3 86.9 86.0 87.1
Snohomish County 102.0 94.6 92.9 96.1 93.2 86.8 76.7 78.4 77.1 73.7 74.0 74.9
SPOKANE COUNTY 113.8 111.2 110.3 115.9 120.8 114.9 101.2 108.3 111.5 107.6 105.4 110.6
Thurston County 107.7 104.3 110.3 112.1 111.2 108.1 94.9 98.3 99.0 95.4 91.7 93.2
Yakima County 114.4 100.1 110.0 105.3 116.3 107.6 95.6 100.9 105.8 99.3 97.4 98.8
STATEWIDE 101.9 93.1 93.2 95.8 98.3 92.6 80.6 83.5 85.7 81.0 80.4 83.8
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. This first time buyer index
assumes the purchaser has an income 70% of the median household income. The home purchased by first time buyers is 85% of the area's median price. All
loans are assumed to be 30 year loans. This "first time buyer" index assumes 10% downpayment. It is assumed 25% of income can be used for principal and
interest payments.
The Real Estate Report Volume 42, Number 1
Spring 2018
141
HOUSING AFFORDABILITY INDEX FOR FIRST TIME BUYERS
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA 09:Q1 09:Q2 09:Q3 09:Q4 10:Q1 10:Q2 10:Q3 10:Q4 11:Q1 11:Q2 11:Q3 11:Q4
Benton County 121.6 120.9 112.7 120.0 112.3 114.2 112.3 112.7 112.8 113.4 111.2 119.4
Clark County 85.3 88.7 85.3 91.8 87.2 88.8 92.0 98.8 99.2 101.6 104.3 111.5
King County 61.6 60.4 59.2 61.7 62.1 61.1 60.5 64.7 66.9 66.4 67.5 76.5
Pierce County 81.4 83.7 81.0 86.4 88.1 86.2 87.0 94.0 96.5 98.4 103.2 111.8
Snohomish County 70.9 72.7 72.4 77.0 78.3 78.2 82.0 87.2 90.5 92.2 94.9 98.7
SPOKANE COUNTY 84.2 86.7 84.3 90.5 89.9 89.2 87.1 95.0 95.0 95.9 95.0 104.0
Thurston County 80.6 84.2 80.5 88.2 87.4 86.4 86.1 92.9 96.4 91.2 92.8 100.2
Yakima County 102.1 89.8 89.4 97.1 95.5 92.0 94.5 95.2 100.8 94.4 99.6 102.4
STATEWIDE 76.0 73.6 72.6 79.1 77.9 77.9 79.1 83.6 84.4 85.0 87.4 94.1
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. This first time buyer index
assumes the purchaser has an income 70% of the median household income. The home purchased by first time buyers is 85% of the area's median price. All
loans are assumed to be 30 year loans. This "first time buyer" index assumes 10% downpayment. It is assumed 25% of income can be used for principal and
interest payments.
The Real Estate Report Volume 42, Number 1
Spring 2018
142
HOUSING AFFORDABILITY INDEX FOR FIRST TIME BUYERS
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA 06:Q1 06:Q2 06:Q3 06:Q4 07:Q1 07:Q2 07:Q3 07:Q4 08:Q1 08:Q2 08:Q3 08:Q4
Benton County 106.9 101.9 95.9 108.8 93.3 93.6 87.7 91.8 103.3 102.8 96.8 105.5
Clark County 62.2 59.2 57.4 59.7 62.2 60.8 59.8 65.7 71.0 68.5 69.7 73.9
King County 43.0 39.3 38.6 39.0 45.9 43.0 41.8 46.8 49.0 46.7 47.6 53.2
Pierce County 59.1 56.1 54.0 56.3 56.5 57.2 55.8 61.9 66.7 64.9 66.3 72.1
Snohomish County 54.8 51.5 48.8 50.6 51.4 50.6 50.3 53.3 57.2 57.1 57.1 62.3
SPOKANE COUNTY 74.1 69.1 64.3 70.6 75.2 68.0 63.2 69.6 75.0 70.0 69.6 74.4
Thurston County 65.4 62.8 61.6 64.3 69.7 65.9 66.3 72.7 74.9 71.9 71.0 72.6
Yakima County 90.8 86.6 82.8 86.3 98.3 91.9 83.1 91.7 95.4 88.3 81.2 90.7
STATEWIDE 54.3 51.1 49.5 50.9 56.6 53.4 52.1 57.4 59.9 59.6 60.0 66.0
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. This first time buyer index
assumes the purchaser has an income 70% of the median household income. The home purchased by first time buyers is 85% of the area's median price. All
loans are assumed to be 30 year loans. This "first time buyer" index assumes 10% downpayment. It is assumed 25% of income can be used for principal and
interest payments.
The Real Estate Report Volume 42, Number 1
Spring 2018
143
HOUSING AFFORDABILITY INDEX FOR FIRST TIME BUYERS
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA 03:Q1 03:Q2 03:Q3 03:Q4 04:Q1 04:Q2 04:Q3 04:Q4 05:Q1 05:Q2 05:Q3 05:Q4
Benton County 114.5 113.8 112.5 116.0 118.4 113.5 110.1 113.0 116.0 110.1 107.9 104.1
Clark County 107.2 107.5 105.2 103.2 102.8 94.8 85.6 84.8 82.2 76.8 68.0 64.9
King County 67.6 68.2 65.9 65.6 64.5 58.4 55.2 53.9 51.3 48.5 47.4 44.7
Pierce County 88.6 90.1 86.8 86.1 86.0 80.5 76.2 74.9 71.8 67.5 65.3 60.8
Snohomish County 81.9 81.5 79.6 78.6 79.9 74.6 71.3 70.9 68.5 63.6 60.9 57.1
SPOKANE COUNTY 114.6 115.5 110.0 110.3 113.6 104.0 97.6 93.1 95.2 86.2 78.3 75.4
Thurston County 100.8 100.6 96.5 97.1 98.8 90.3 86.7 87.8 84.5 76.3 71.9 66.9
Yakima County 107.0 108.5 98.4 105.0 103.7 96.8 90.2 95.4 99.7 95.5 94.4 90.4
STATEWIDE 76.2 78.6 77.0 78.4 77.4 71.5 68.3 67.9 66.0 61.9 59.0 55.8
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. This first time buyer index
assumes the purchaser has an income 70% of the median household income. The home purchased by first time buyers is 85% of the area's median price. All
loans are assumed to be 30 year loans. This "first time buyer" index assumes 10% downpayment. It is assumed 25% of income can be used for principal and
interest payments.
The Real Estate Report Volume 42, Number 1
Spring 2018
144
HOUSING AFFORDABILITY INDEX FOR FIRST TIME BUYERS
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA 00:Q1 00:Q2 00:Q3 00:Q4 01:Q1 01:Q2 01:Q3 01:Q4 02:Q1 02:Q2 02:Q3 02:Q4
Benton County 100.5 96.0 92.6 95.0 109.1 109.5 109.8 106.9 103.3 106.9 104.0 107.1
Clark County 81.9 81.0 82.2 87.7 95.9 92.3 92.4 97.2 99.1 97.1 99.0 103.0
King County 61.6 59.5 63.1 66.2 61.0 58.7 59.2 63.6 61.6 59.2 62.2 66.0
Pierce County 73.5 70.0 71.6 75.5 82.7 81.1 81.7 85.1 81.8 81.1 81.9 85.2
Snohomish County 66.9 65.7 66.2 69.0 74.1 71.8 71.7 75.2 74.0 73.8 75.3 78.9
SPOKANE COUNTY 92.8 88.9 88.7 93.4 104.4 101.8 97.1 107.5 109.2 108.3 105.2 114.0
Thurston County 80.9 77.7 77.5 79.0 95.1 92.9 91.8 98.4 94.6 95.3 94.3 98.8
Yakima County 70.8 73.7 76.7 74.4 97.3 95.7 92.7 99.1 96.9 100.1 100.0 95.7
STATEWIDE 65.2 63.8 65.7 68.3 73.8 72.9 73.0 74.0 69.6 69.8 71.2 74.7
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. This first time buyer index
assumes the purchaser has an income 70% of the median household income. The home purchased by first time buyers is 85% of the area's median price. All
loans are assumed to be 30 year loans. This "first time buyer" index assumes 10% downpayment. It is assumed 25% of income can be used for principal and
interest payments.
The Real Estate Report Volume 42, Number 1
Spring 2018
145
HOUSING AFFORDABILITY INDEX FOR FIRST TIME BUYERS
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
AREA 97:Q1 97:Q2 97:Q3 97:Q4 98:Q1 98:Q2 98:Q3 98:Q4 99:Q1 99:Q2 99:Q3 99:Q4
Benton County 99.0 105.1 112.1 117.6 114.7 118.8 114.8 117.7 118.3 117.3 108.7 110.4
Clark County 77.8 77.3 78.1 81.4 85.3 83.1 85.1 88.7 93.2 90.6 88.2 89.8
King County 65.2 62.3 63.0 63.9 64.7 70.4 63.9 67.4 64.3 63.1 58.1 58.5
Pierce County 74.9 75.1 73.3 78.0 78.3 79.9 80.0 83.8 84.1 83.0 79.2 80.9
Snohomish County 73.4 71.1 72.9 75.7 77.8 75.9 74.3 74.8 76.2 75.1 73.0 74.2
SPOKANE COUNTY 80.6 78.4 80.3 87.4 94.8 89.0 88.7 95.9 96.0 92.9 88.2 94.0
Thurston County 81.1 78.0 80.4 85.5 87.3 85.1 88.3 89.5 95.2 92.8 90.4 97.5
Yakima County 67.8 71.9 73.6 77.6 81.9 78.6 77.9 78.4 82.1 85.7 92.6 87.6
STATEWIDE 65.7 64.0 64.7 66.3 68.1 68.3 69.1 72.3 71.4 71.2 70.2 69.6
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. This first time buyer index
assumes the purchaser has an income 70% of the median household income. The home purchased by first time buyers is 85% of the area's median price. All
loans are assumed to be 30 year loans. This "first time buyer" index assumes 10% downpayment. It is assumed 25% of income can be used for principal and
interest payments.
The Real Estate Report Volume 42, Number 1
Spring 2018
146
HOUSING AFFORDABILITY INDEX FOR FIRST TIME BUYERS
Spokane County, Other Counties, State Of Washington
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
AREA 94:Q2 94:Q3 94:Q4 95:Q1 95:Q2 95:Q3 95:Q4 96:Q1 96:Q2 96:Q3 96:Q4
Benton County 81.8 75.8 82.9 77.7 94.8 92.7 98.0 100.2 94.8 92.0 86.0
Clark County 86.3 83.8 81.0 78.6 79.4 79.7 82.2 84.2 78.7 75.3 77.4
King County 66.6 63.4 64.9 62.5 62.1 63.4 64.1 66.2 62.8 60.0 66.0
Pierce County 75.3 72.1 72.9 72.2 72.3 73.5 76.4 76.5 72.2 72.7 74.0
Snohomish County 75.3 71.6 72.8 70.8 71.3 73.3 74.9 77.7 72.9 72.6 74.2
SPOKANE COUNTY 79.5 76.7 74.6 77.1 74.6 75.2 78.7 81.1 75.9 73.6 78.2
Thurston County 83.4 79.5 79.2 76.8 76.8 77.1 79.8 81.2 77.0 77.6 79.1
Yakima County 75.9 69.5 75.9 74.8 73.2 70.3 69.4 80.4 70.9 65.8 73.7
STATEWIDE 69.0 66.6 65.8 64.1 67.0 65.9 68.5 70.0 65.0 64.9 67.7
Notes: Housing Affordability Index measures the ability of median income family to carry the mortgage payments on a median price home. When the index is
100 there is a balance between the family's ability to pay and the cost. Higher index numbers indicate housing is more affordable. This first time buyer index
assumes the purchaser has an income 70% of the median household income. The home purchased by first time buyers is 85% of the area's median price. All
loans are assumed to be 30 year loans. This "first time buyer" index assumes 10% downpayment. It is assumed 25% of income can be used for principal and
interest payments.
147
SPOKANE
VACANCY
SURVEYS
148
The Real Estate Report Volume 42, Number 1
Spring 2018
149
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Each quarter the Runstad Center for Real Estate Studies at the University of Washington
(previously produced at Washington State University) conducts a survey of apartment
vacancy and rent conditions in the Spokane County market. Depending on the quarter, either
a 50% or a 100% sample of apartment complexes built since 1963 containing at least 10 units
receives a questionnaire from the Center requesting information on vacancies, sizes and
asking rents for units in the project, as well as information about project amenities and special
marketing initiatives. These projects include both owner-managed and professionally
managed properties, but exclude rent-subsidized units. If owners/managers do not respond
to the mail survey, they are called to obtain the data. Both the approach and questionnaire
are identical to research which has been conducted for several years on apartment markets
in the I-5 corridor of Western Washington, moving toward the Center’s objective of producing
consistent statewide information.
Data is reported by geographic area:
• Central – North of I-90, West of Havana St., South of Euclid, East of Latah
Creek/Spokane River.
• South – South of I-90 and West of Havana St.
• North – North of I-90 and West of Havana, excluding Central
• Valley – East of Havana St.
• West – Airway Heights, Cheney, Medical Lake (as of Dec. 2010)
The 100% sample was used in June 1998, and was used in March and September beginning
in 1999. The full-sample surveys coordinate with research in other communities across
Washington. Special tabulations of the 100% sample are prepared to develop market data by
geographic sub-area within the Spokane community and to prepare vacancy estimates by
age of property in a manner which is consistent with prior committee-collected data.
In those quarters not corresponding to Runstad Center surveys in other communities, a 50%
sample of apartment units in each Spokane geographic sub-area is selected to receive the
survey. The same data collection methodology is used.
The first pages following this preface provide detail on the most recent Spokane-area surveys.
These precede graphics displaying the historical overall vacancy rate for the area. The last
pages of this section display a summary of the findings over time, as produced by the four
organizations which have conducted these surveys since 1980.
The Real Estate Report Volume 42, Number 1
Spring 2018
150
The Real Estate Report Volume 42, Number 1
Spring 2018
151
The Real Estate Report Volume 42, Number 1
Spring 2018
152
The Real Estate Report Volume 42, Number 1
Spring 2018
153
The Real Estate Report Volume 42, Number 1
Spring 2018
154
The Real Estate Report Volume 42, Number 1
Spring 2018
155
The Real Estate Report Volume 42, Number 1
Spring 2018
156
The Real Estate Report Volume 42, Number 1
Spring 2018
157
The Real Estate Report Volume 42, Number 1
Spring 2018
158
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Current Format
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 1.3%
Total Number of Apartment
Units Surveyed 8,403
Vacancy Rate by Number of Bedrooms:
Studio 0.0%
One-bedroom 0.9
Two-bedroom 1.4
Three or more 1.9
Vacancy Rate by Geographic Area:
Central 1.1%
South 2.6
North 0.9
Valley 1.3
West 0.7
Actual Rent Per Net
Rentable Square Foot $1.106
2018 2019
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington
(Steve O'Conner, 206-685-9989). It is based upon either a 50% or 100% sample of all apartment complexes built in 1963 or later and
containing at least 10 apartment units. The survey does not include any rent-subsidized units.
b The West area was added in December 2010 by taking certain complexes that had previously been reported in the Central and South
areas plus any new complexes built in the West area.
The Real Estate Report Volume 42, Number 1
Spring 2018
159
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 1.3%1.6%1.4%2.9%
Total Number of Apartment
Units Surveyed 11,397 7,434 10,256 18,260
Vacancy Rate by Number of Bedrooms:
Studio 3.6%0.0%0.0%2.1%
One-bedroom 1.8 1.2 1.2 1.6
Two-bedroom 0.9 1.9 1.0 5.1
Three or more 1.7 1.7 4.3 3.9
Vacancy Rate by Geographic Area:
Central 5.6%2.3%1.9%1.8%
South 0.6 1.2 2.4 3.1
North 2.0 1.1 0.6 2.0
Valley 0.8 3.9 1.5 2.9
West 1.2 0.8 0.8 7.9
Actual Rent Per Net
Rentable Square Foot $0.778 $1.588 $1.035 $1.026
2016 2017
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington
(Steve O'Conner, 206-685-9989). It is based upon either a 50% or 100% sample of all apartment complexes built in 1963 or later and
containing at least 10 apartment units. The survey does not include any rent-subsidized units.
b The West area was added in December 2010 by taking certain complexes that had previously been reported in the Central and South
areas plus any new complexes built in the West area.
The Real Estate Report Volume 42, Number 1
Spring 2018
160
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 3.4%3.5%2.7%2.1%1.8%3.3%
Total Number of Apartment
Units Surveyed 11,092 3,355 c 9,230 12,580 6,707 14,492 8,876
Vacancy Rate by Number of Bedrooms:
Studio 1.8%4.1%2.8%2.3%2.3%0.8%
One-bedroom 3.2 2.5 2.2 1.4 1.2 3.2
Two-bedroom 5.8 3.7 3.1 2.0 2.0 3.1
Three or more 2.8 4.9 2.2 3.7 1.7 4.4
Vacancy Rate by Geographic Area:
Central 5.1%3.8%3.7%1.3%2.0%2.8%
South 2.4 4.1 2.3 1.2 1.7 1.6
North 5.2 2.7 3.0 1.6 1.7 2.3
Valley 3.1 3.4 2.0 1.8 1.5 6.3
West 1.8 5.0 3.6 5.9 3.0 1.3
Actual Rent Per Net
Rentable Square Foot $0.864 $0.857 $0.913 $0.877 $0.890 $0.869
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington
(Steve O'Conner, 206-685-9989). It is based upon either a 50% or 100% sample of all apartment complexes built in 1963 or later and
containing at least 10 apartment units. The survey does not include any rent-subsidized units.
b The West area was added in December 2010 by taking certain complexes that had previously been reported in the Central and South
areas plus any new complexes built in the West area.
c The June 2014 survey by the Runstad Center at the University of Washington is regarded as a "failed survey" due to the low sample
size.
2014 2015
The Real Estate Report Volume 42, Number 1
Spring 2018
161
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 5.1%5.3%4.3%4.6%3.8%3.9%3.9%4.9%
Total Number of Apartment
Units Surveyed 9,319 9,860 9,174 9,842 9,584 9,486 10,555 10,234
Vacancy Rate by Number of Bedrooms:
Studio 2.6%4.2%1.3%3.1%3.7%2.9%1.5%4.3%
One-bedroom 4.2 4.6 3.3 4.1 3.1 3.2 4.0 4.5
Two-bedroom 6.0 5.7 4.9 4.7 4.2 4.1 4.0 5.3
Three or more 3.1 4.9 4.7 5.7 3.8 4.6 5.3 5.5
Vacancy Rate by Geographic Area:
Central 5.4%8.8%2.2%4.4%3.6%3.3%6.1%4.1
South 5.3 4.7 3.6 4.1 3.6 3.8 3.6 3.9
North 3.3 4.3 4.0 3.6 3.0 3.1 3.3 5.5
Valley 6.2 5.7 5.4 5.4 4.3 3.7 4.6 4.9
West 1.3 5.2 2.5 1.5 4.1 8.5 4.6 6.0
Actual Rent Per Net
Rentable Square Foot $0.807 $0.810 $0.804 $0.810 $0.825 $0.848 $0.828 $0.834
2012 2013
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington
(Glenn Crellin, 206-685-8020). It is based upon either a 50% or 100% sample of all apartment complexes built in 1963 or later and
containing at least 10 apartment units. The survey does not include any rent-subsidized units.
b The West area was added in December 2010 by taking certain complexes that had previously been reported in the Central and South
areas plus any new complexes built in the West area.
The Real Estate Report Volume 42, Number 1
Spring 2018
162
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 7.4%6.8%6.7%6.5%5.1%6.0%5.7%7.0%
Total Number of Apartment
Units Surveyed 9,426 9,631 9,503 9,717 9,907 10,256 9,838 9,120
Vacancy Rate by Number of Bedrooms:
Studio 3.9%3.7%1.7%2.7%3.0%4.2%2.5%2.8%
One-bedroom 8.3 7.8 6.8 5.8 4.3 5.2 6.8 7.4
Two-bedroom 7.5 6.1 6.5 7.2 5.9 6.8 5.4 7.3
Three or more 2.7 8 7.8 5.4 3.5 3.9 4.5 5.6
Vacancy Rate by Geographic Area:
Central 5.0%9.3%2.1%2.8%3.6%5.3%5.6%11.2%
South 6.2 4.8 5 6 2.8 5 4.3 4.3
North 5.8 5.5 7.4 6 4.2 4.1 5.4 6.2
Valley 9.4 8.2 7.8 7.5 6.4 7.5 6.2 7.9
West n.a.n.a.n.a.4.7 8.7 7.7 11.5 6.3
Actual Rent Per Net
Rentable Square Foot $0.737 $0.765 $0.780 $0.782 $0.789 $0.799 $0.805 $0.810
2010 2011
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington
(Glenn Crellin, 206-685-8020). It is based upon either a 50% or 100% sample of all apartment complexes built in 1963 or later and
containing at least 10 apartment units. The survey does not include any rent-subsidized units.
b The West area was added in December 2010 by taking certain complexes that had previously been reported in the Central and South
areas plus any new complexes built in the West area.
The Real Estate Report Volume 42, Number 1
Spring 2018
163
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 4.0%3.9%3.8%8.6%5.7%7.1%7.5%7.9%
Total Number of Apartment
Units Surveyed 8,506 8,301 8,983 8,873 8,902 9,424 9,059 9,607
Vacancy Rate by Number of Bedrooms:
Studio 3.4%4.7%5.8%8.6%3.0%3.9%4.3%3.7%
One-bedroom 4.4 4.1 3.2 5.3 6.3 6.6 6.6 8.6
Two-bedroom 4 3.8 4 6.3 5.4 7.3 7.7 7.9
Three or more 3.8 4.2 2.9 5.3 3.9 5.4 8.4 4.6
Vacancy Rate by Geographic Area:
Central 3.4%6.0%4.6%6.8%9.0%6.4%6.7%8.4%
South 3.3 3 2.5 4.3 4.5 5.3 7.7 6.1
North 5.6 5.1 3.9 6.9 5.3 7.2 6.9 6.8
Valley 3.8 3.5 4.4 6.3 6 8.2 7.9 9.4
West
Actual Rent Per Net
Rentable Square Foot $0.750 $0.761 $0.759 $0.772 $0.759 $0.764 $0.763 $0.754
b The West area was added in December 2010 by taking certain complexes that had previously been reported in the Central and South
areas plus any new complexes built in the West area.
2008 2009
The Real Estate Report Volume 42, Number 1
Spring 2018
164
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 4.1%5.3%3.7%4.1%3.9%4.1%3.1%4.2%
Total Number of Apartment
Units Surveyed 8,966 9,055 8,465 9,193 8,612 8,869 9,207 9,222
Vacancy Rate by Number of Bedrooms:
Studio 4.9%1.8%4.6%3.0%5.4%4.0%3.9%4.7%
One-bedroom 3.8 4.2 3.4 3.9 3.6 3.6 2.4 4.1
Two-bedroom 4.2 6.1 3.9 4.5 3.4 3.9 3.5 3.9
Three or more 5.3 5.7 3.4 2.8 4 5.5 3.7 4.7
Vacancy Rate by Geographic Area:
Central 3.8%4.1%3.2%4.3%3.6%2.8%2.4%5.3%
South 5.5 6 3.7 3.7 3.7 4.9 3 4.1
North 3.6 4.9 4.8 5.2 3.2 5.6 3.7 4.3
Valley 4 5.6 3.5 3.7 4.3 3.1 2.9 4.1
Actual Rent Per Net
Rentable Square Foot $0.690 $0.707 $0.711 $0.708 $0.702 $0.720 $0.740 $0.750
2006 2007
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington
(Glenn Crellin, 206-685-8020). It is based upon either a 50% or 100% sample of all apartment complexes built in 1963 or later and
containing at least 10 apartment units. The survey does not include any rent-subsidized units.
The Real Estate Report Volume 42, Number 1
Spring 2018
165
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 6.5%6.2%5.2%5.3%5.5%3.5%4.0%5.4%
Total Number of Apartment
Units Surveyed 9,413 7,897 8,774 8,826 8,326 8,248 8,897 9,107
Vacancy Rate by Number of Bedrooms:
Studio 8.3%8.6%4.1%5.1%5.1%2.8%3.9%7.3%
One-bedroom 6.1 4.9 5 4.9 5.2 3.7 4.6 4.8
Two-bedroom 6.3 5.3 4.7 5.5 5.5 3.5 3.7 5.5
Three or more 6.7 8.9 4.7 6.1 6.1 3.3 4.8 5.3
Vacancy Rate by Geographic Area:
Central 9.4%8.0%4.6%4.7%4.9%2.7%4.2%3.9%
South 5.8 5.9 5.2 6 4.6 2.8 3.9 5.5
North 5.8 5.4 6.8 6.5 8 4.9 5.1 4.2
Valley 6.2 5.9 4.5 4.6 5 3.6 3.3 6.4
Actual Rent Per Net
Rentable Square Foot $0.655 $0.650 $0.651 $0.661 $0.668 $0.675 $0.678 $0.686
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington
(Glenn Crellin, 206-685-8020). It is based upon either a 50% or 100% sample of all apartment complexes built in 1963 or later and
containing at least 10 apartment units. The survey does not include any rent-subsidized units.
2004 2005
The Real Estate Report Volume 42, Number 1
Spring 2018
166
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 5.7%6.8%5.9%5.9%6.2%5.6%4.5%7.4%
Total Number of Apartment
Units Surveyed 7,446 8,074 8,001 8,321 8,291 8,047 8,047 7,850
Vacancy Rate by Number of Bedrooms:
Studio 5.3%12.4%6.3%8.4%10.7%9.2%2.5%9.4%
One-bedroom 5.5 6.1 6.8 6.4 5.7 5.7 4.4 6.9
Two-bedroom 5.4 6.5 5.3 5.8 6.6 5.2 4.5 8.2
Three or more 9.6 9 5.9 4.4 5.3 6.1 4.8 6.6
Vacancy Rate by Geographic Area:
Central 3.6%4.2%2.7%5.8%4.7%3.4%2.8%9.0%
South 7.3 7.2 5.2 4.9 5 4.5 5.2 6
North 7.2 8 8.4 5 5.7 7.3 5.9 7
Valley 5.2 7.3 6.5 6.8 7.9 6.3 3.9 7.5
Actual Rent Per Net
Rentable Square Foot $0.655 $0.650 $0.651 $0.661 $0.668 $0.675 $0.678 $0.686
Rentable Square Foot $0.629 $0.589 $0.604 $0.603 $0.609 $0.617 $0.656 $0.650
2002 2003
The Real Estate Report Volume 42, Number 1
Spring 2018
167
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 5.7%6.0%4.8%6.1%6.5%4.5%4.7%5.8%
Total Number of Apartment
Units Surveyed 6,782 7,600 8,049 7,768 8,360 8,042 8,566 8,096
Vacancy Rate by Number of Bedrooms:
Studio 6.5%8.4%9.9%14.5%14.7%5.5%12.5%13.3%
One-bedroom 4.6 6.2 4.8 5.4 6.7 4.1 4.6 6.6
Two-bedroom 5.9 5.6 4.8 5.8 5.7 4.4 4.3 4.8
Three or more 5.7 6.1 2.4 7.3 7 7.3 5.1 8.3
Vacancy Rate by Geographic Area:
Central 4.2%5.6%2.1%3.7%4.2%3.5%3.0%6.0%
South 4.8 4.6 6 6.2 4.8 2.2 4.4 7
North 7.4 6.9 4.6 4.2 6.9 6.4 6.2 5.5
Valley 5.8 6.2 5.6 7.7 8.4 5.1 4.9 5.3
Actual Rent Per Net
Rentable Square Foot $0.583 $0.575 $0.631 $0.594 $0.651 $0.611 $0.645 $0.617
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington
(Glenn Crellin, 206-685-8020). It is based upon either a 50% or 100% sample of all apartment complexes built in 1963 or later and
containing at least 10 apartment units. The survey does not include any rent-subsidized units.
2000 2001
The Real Estate Report Volume 42, Number 1
Spring 2018
168
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
Source: Runstad Center for Real Estate Studies/UW (206) 616-5335
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate N.A.8.4%6.9%8.3%7.7%7.3%7.2%7.3%
Total Number of Apartment
Units Surveyed 0 6,662 5,184 6,167 6,298 6,675 6,684 6,112
Vacancy Rate by Number of Bedrooms:
Studio 9.3%8.6%18.4%8.6%8.7%12.2%5.7%
One-bedroom 6.5 7.3 7.3 6.2 5.8 6.1 7.8
Two-bedroom 9.6 7 8.5 8.4 8.3 7.4 7.2
Three or more 7.8 1.2 5.6 7.9 6 6.2 6.7
Vacancy Rate by Geographic Area:
Central 7.3%3.5%6.5%4.6%8.0%4.0%5.2%
South 5.9 3.4 5.1 8.9 3.4 6.8 8.1
North 11.3 11.8 10.7 8.5 8.7 8.9 6.9
Valley 8.3 6.2 9.1 8.6 7.9 8 8.1
Actual Rent Per Net
Rentable Square Foot $0.611 $0.602 $0.617 $0.611 $0.583 $0.600 $0.605
1998 1999
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington
(Glenn Crellin, 206-685-8020). It is based upon either a 50% or 100% sample of all apartment complexes built in 1963 or later and
containing at least 10 apartment units. The survey does not include any rent-subsidized units.
The Real Estate Report Volume 42, Number 1
Spring 2018
169
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Prior Format
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 7.5%8.0%6.2%8.8%9.0%3.9%3.9%9.9%
Total Number of Apartment
Units Surveyed 5,563 5,565 5,670 5,721 5,819 9,486 10,555 5,953
Vacancy Rate by Number of Bedrooms:
Studio 1.4%5.1%0.7%8.2%13.8%2.9%1.5%7.1%
One-bedroom 6.3 9.4 5.0 8.3 8.8 3.2 4.0 9.7
Two-bedroom 8.1 7.3 7.2 9.3 8.7 4.1 4.0 10.4
Three or more 9.1 8.4 4.0 6.9 9.5 4.6 5.3 8.7
Vacancy Rate by Geographic Area:
Central 5.7%11.7%6.5%7.2%8.3%3.3%6.1%8.0%
South 9.9 4.8 5.4 8.2 7.8 3.8 3.6 9.2
North 7.1 9.5 7.0 9.6 9.4 3.1 3.3 10.8
Valley 7.3 7.3 5.9 9.2 9.8 3.7 4.6 10.7
8.5 4.6
Tenant Turnover Rate 14.2%14.9%16.2%12.3%12.9%16.0%14.1%16.0%
1996 1997
a This revised apartment vacancy survey was based upon a computer-selected 50% sample (by geographic area) of all
apartment complexes built in 1963 or later and containing at least 10 apartment units. This survey did not include any rent-
subsidized units. The sample represented both owner-managed and professionally-managed properties. Geographic
bounda-ries were as follows: Central - Euclid Ave. and I-90; Valley - East of Havana St. The survey was conducted by Dr. Shik
Young of Eastern Washington University.
b The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of
The Real Estate Report Volume 42, Number 1
Spring 2018
170
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Prior Format
(continued)
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 5.2%5.6%4.3%5.4%6.2%6.9%5.8%6.9%
Total Number of Apartment
Units Surveyed 4,787 4,170 4,770 4,543 4,557 5,242 5,798 5,454
Vacancy Rate by Number of Bedrooms:
Studio 6.1%8.3%1.5%4.1%3.9%4.2%0.9%3.0%
One-bedroom 3.4 4.3 4.1 3.1 5.5 4.6 4.4 5.8
Two-bedroom 6.5 6.4 4.7 7.2 7.0 8.4 6.6 7.8
Three or more 3.4 4.9 2.3 2.6 5.2 6.6 9.2 6.9
Vacancy Rate by Geographic Area:
Central 4.1%5.0%4.9%5.0%5.8%5.4%4.2%8.7%
South 5.7 3.4 3.3 6.0 8.1 8.0 6.2 7.3
North 4.7 6.8 4.3 5.3 6.8 8.1 6.4 7.5
Valley 6.1 6.6 4.4 5.5 4.9 6.1 5.9 5.3
Tenant Turnover Rate 11.6%14.2%16.6%15.0%14.4%14.0%15.2%13.1%
1994 1995
a This revised apartment vacancy survey was based upon a computer-selected 50% sample (by geographic area) of all
apartment complexes built in 1963 or later and containing at least 10 apartment units. This survey did not include any rent-
subsidized units. The sample represented both owner-managed and professionally-managed properties. Geographic
bounda-ries were as follows: Central - Euclid Ave. and I-90; Valley - East of Havana St. The survey was conducted by Dr. Shik
Young of Eastern Washington University.
b Percentages are based on either a small number of units or vacancies mainly concentrated in one complex.
The Real Estate Report Volume 42, Number 1
Spring 2018
171
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Prior Format
(continued)
(continued)
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Glenn Crellin, 206-685-8020). It is based upon either a 50% or 100% sample of all apartment complexes built in 1963 or later and containing at least 10 apartment units. The survey does not include any rent-subsidized units. 3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 3.8%3.8%2.5%3.1%3.7%4.8%3.2%5.0%
Total Number of Apartment
Units Surveyed 4,583 4,538 4,651 4,156 4,799 4,702 4,754 4,289
Vacancy Rate by Number of Bedrooms:
Studio 4.0%2.4%0.5%0.0%2.0%4.0%3.0%3.7%
One-bedroom 2.3 2.7 2.8 3.8 3.4 4.6 2.7 4.3
Two-bedroom 4.8 4.7 2.6 3.0 4.2 5.1 3.7 5.6
Three or more 3.4 1.5 1.0 2.2 1.5 1.5 2.8 3.4
Vacancy Rate by Geographic Area:
Central 3.5%4.6%3.3%2.4%3.3%6.1%2.1%5.6%
South 4.1 3.8 0.9 1.7 4.4 3.1 2.2 3.5
North 4.4 3.3 3.6 3.9 3.8 3.6 3.2 2.9
Valley 3.1 3.7 2.3 3.8 3.5 6.1 4.4 7.1
Tenant Turnover Rate 13.2%14.3%11.9%11.6%11.6%16.4%12.9%13.3%
b Percentages are based on either a small number of units or vacancies mainly concentrated in one complex.
1992 1993
a This revised apartment vacancy survey was based upon a computer-selected 50% sample (by geographic area) of all
apartment complexes built in 1963 or later and containing at least 10 apartment units. This survey did not include any rent-
subsidized units. The sample represented both owner-managed and professionally-managed properties. Geographic
bounda-ries were as follows: Central - Euclid Ave. and I-90; Valley - East of Havana St. The survey was conducted by Dr. Shik
Young of Eastern Washington University.
The Real Estate Report Volume 42, Number 1
Spring 2018
172
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Prior Format
(continued)
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 3.9%3.2%1.1%4.1%3.4%2.4%2.5%3.6%
Total Number of Apartment
Units Surveyed 4,323 4,809 4,286 4,382 4,288 4,424 4,401 4,081
Vacancy Rate by Number of Bedrooms:
Studio 14.2%10.7%8.5%4.9%2.0%0.5%0.0%4.9%
One-bedroom 5.0 4.0 0.6 3.3 2.1 2.4 3.2 2.1
Two-bedroom 3.2 2.4 0.7 4.5 4.4 2.5 2.2 4.5
Three or more 0.0 1.4 1.1 3.9 2.0 0.9 0.5 1.9
Vacancy Rate by Geographic Area:
Central 5.8%3.9%0.3%2.4%2.7%3.3%1.6%3.6%
South 1.5 3.1 2.2 4.7 1.8 0.5 0.5 3.2
North 5.4 4.7 0.8 4.1 2.9 3.9 4.7 3.7
Valley 3.3 1.9 1.2 4.5 5.3 1.6 2.1 3.7
Tenant Turnover Rate 12.6%16.4%14.4%10.9%12.8%17.1%16.5%15.5%
1990 1991
a This revised apartment vacancy survey was based upon a computer-selected 50% sample (by geographic area) of all
apartment complexes built in 1963 or later and containing at least 10 apartment units. This survey did not include any rent-
subsidized units. The sample represented both owner-managed and professionally-managed properties. Geographic
bounda-ries were as follows: Central - Euclid Ave. and I-90; Valley - East of Havana St. The survey was conducted by Dr. Shik
Young of Eastern Washington University.
b Percentages are based on either a small number of units or vacancies mainly concentrated in one complex.
The Real Estate Report Volume 42, Number 1
Spring 2018
173
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Prior Format
(continued)
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Glenn Crellin, 206-685-8020). It is based upon either a 50% or 100% sample of all apartment complexes built in 1963 or later and containing at least 10 apartment units. The survey does not include any rent-subsidized units.9.1%11.9%8.1%7.7%7.5%6.7%3.7%3.7%
Total Number of Apartment
Units Surveyed 4,044 4,000 3,849 3,891 4,240 3,734 3,904 4,549
Vacancy Rate by Number of Bedrooms:
Studio 11.5%16.3%25.5%8.3%13.1%11.4%7.1%8.0%
One-bedroom 6.6 11.1 8.2 8.4 8.3 8.0 4.9 3.6
Two-bedroom 10.7 12.5 6.8 7.1 6.5 5.6 2.8 3.2
Three or more 13.6 5.8 1.4 8.7 2.0 1.1b 3.4 0.1
Vacancy Rate by Geographic Area:
Central 12.1%17.4%10.0%5.5%9.2%13.4%3.7%2.7%
South 8.3 14.1 8.8 9.9 7.2 4.3 2.7 3.7
North 7.7 12.3 5.9 7.2 9.0 5.3 2.8 3.4
Valley 9.1 7.7 8.5 8.0 5.1 6.0 4.5 3.9
Tenant Turnover Rate 12.6%20.0%17.4%11.4%13.2%14.9%14.7%13.1%
a This revised apartment vacancy survey was based upon a computer-selected 50% sample (by geographic area) of all
apartment complexes built in 1963 or later and containing at least 10 apartment units. This survey did not include any rent-
subsidized units. The sample represented both owner-managed and professionally-managed properties. Geographic
bounda-ries were as follows: Central - Euclid Ave. and I-90; Valley - East of Havana St. The survey was conducted by Dr. Shik
Young of Eastern Washington University.
b Percentages are based on either a small number of units or vacancies mainly concentrated in one complex.
1988 1989
The Real Estate Report Volume 42, Number 1
Spring 2018
174
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Prior Format
(continued)
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Glenn Crellin, 206-685-8020). It is based upon either a 50% or 100% sample of all apartment complexes built in 1963 or later and containing at least 10 apartment units. The survey does not include any rent-subsidized units. 3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 10.6%10.0%5.4%8.9%9.5%7.9%6.5%10.1%
Total Number of Apartment
Units Surveyed 3,479 3,717 3,762 3,972 4,229 4,139 4,636 4,343
Vacancy Rate by Number of Bedrooms:
Studio 10.0%14.3%4.5%13.5%19.8%7.0%14.4%19.3%
One-bedroom 11.0 10.1 5.3 8.1 9.8 8.3 5.5 9.0
Two-bedroom 10.0 9.2 5.8 8.8 8.8 7.7 6.4 10.2
Three or more 13.0 2.8 0.0 8.7 3.0 5.4 2.7 4.3
Vacancy Rate by Geographic Area:
Central 10.2%11.2%7.2%8.6%14.7%9.6%6.5%9.9%
South 9.3 6.9 3.6 9.3 9.2 6.1 8.7 11.9
North 12.5 10.5 5.2 7.4 6.7 9.3 5.4 8.2
Valley 10.0 10.4 5.3 10.2 9.4 7.0 6.1 9.9
Tenant Turnover Rate 13.6%17.2%15.1%14.8%13.0%15.1%15.3%12.8%
a This revised apartment vacancy survey was based upon a computer-selected 50% sample (by geographic area) of all
apartment complexes built in 1963 or later and containing at least 10 apartment units. This survey did not include any rent-
subsidized units. The sample represented both owner-managed and professionally-managed properties. Geographic
bounda-ries were as follows: Central - Euclid Ave. and I-90; Valley - East of Havana St. The survey was conducted by Dr. Shik
Young of Eastern Washington University.
b Percentages are based on either a small number of units or vacancies mainly concentrated in one complex.
1986 1987
The Real Estate Report Volume 42, Number 1
Spring 2018
175
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Prior Format
9/30 12/30 3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 0.9%2.5%3.6%2.6%1.5%3.2%2.0%7.0%6.2%9.5%
Total Number of
Apartment
Units Surveyed
3,697 2,986 1,931 3,170 3,775 3,303 4,019 3,710 3,169 3,541
Vacancy Rate by Number of Bedrooms:
Studio 1.8%2.4%9.9%5.1%b 4.8%b 4.1%1.9%5.8%b 4.7%7.7%
One-bedroom 0.9 2.8 2.7 2.3 1.0 3.4 2.6 8.0 6.4 10.9
Two-bedroom 0.8 2.0 3.1 2.0 1.2 2.2 1.8 6.1 5.8 8.4
Three or more 1.6 b 5.9 b 8.3 6.4 b 1.7 9.5 b 0.7 b 7.6 b 1.2 b 14.9
Vacancy Rate by Geographic Area:
Central 1.2%2.4%4.2%4.8%3.3%1.8%1.8%4.9%4.7%5.2%
South 0.4 0.8 1.8 2.1 1.5 2.1 1.1 2.0 1.6 4.7
North 0.9 3.8 3.5 2.0 1.2 3.5 2.9 7.3 8.6 11.8
Valley 0.9 2.6 3.9 2.2 0.8 3.9 2.0 10.0 9.5 13.7
Tenant Turnover Rate 18.0%10.8%11.5%14.1%15.5%12.2%14.3%21.4%19.5%24.7%
b Percentages are based on either a small number of units or vacancies mainly concentrated in one complex.
1983 1984 1985
This revised apartment vacancy survey was based upon a computer-selected 50% sample (by geographic area) of all apartment complexes built
in 1963 or later and containing at least 10 apartment units. This survey did not include any rent-subsidized units. The sample represented both
owner-managed and professionally-managed properties. Geographic bounda-ries were as follows: Central - Euclid Ave. and I-90; Valley - East of
The Real Estate Report Volume 42, Number 1
Spring 2018
176
SPOKANE COUNTY APARTMENT VACANCY SURVEY
Original Format
1983
3/31 6/30 9/30 12/30 3/30 6/30 9/30 12/31 3/31 6/30 9/30 12/31 3/31
Vacancy Rate Overall %7.4 7.4 5.5 8.5 8.2 7.4 3.4 6.2 6.3 7.9 4.4 6.9
Vacancy Rate by Number of Bedrooms:
Studio/Bachelor 5.1 2.8 5.5 4.5 2.8 0.5 1.4 3.6 1.7 3.3 0.5 1.4 0.0
One-bedroom 7.3 8.6 5.3 9.9 10.0 8.9 5.1 6.9 5.3 9.7 6.9 9.0 4.3
Two-bedrooms 8.1 7.1 6.0 8.2 7.7 7.4 2.4 6.3 8.4 7.2 2.8 5.6 2.9
Three or more 6.0 2.8 0.0 4.3 1.7 0.9 0.6 2.4 0.0 2.4 0.0 4.0 0.0
Vacancy Rate by Rent Range:
$140 - $185 5.0 4.7 6.4 7.1 2.7 0.5 2.8 0.6 0.0 7.3 0.6 1.6 4.2
$186 - $215 8.6 10.8 4.1 9.3 10.5 9.1 5.8 8.0 6.5 11.1 7.3 10.4 4.6
$216 - $250 9.2 8.2 8.0 11.1 10.5 12.7 2.5 6.2 8.6 8.7 3.4 5.9 3.8
$251 - $300 7.9 4.0 0.8 6.1 4.4 3.8 3.6 5.3 5.1 2.9 1.7 5.3 0.9
$300+4.3 2.1 0.0 3.1 1.3 0.5 3.3 2.2 0.6 0.6 0.0 2.5 0.0
Vacancy Rate by
Geographic Area:
North Side 7.2 9.8 4.0 8.6 10.2 9.8 3.8 6.1 6.0 10.0 5.3 8.6 4.6
South Side 3.9 1.6 1.8 4.2 4.9 3.1 1.3 2.7 1.7 1.7 0.8 2.0 1.0
Valley 12.4 6.6 9.5 10.6 6.7 5.7 3.9 8.5 9.5 8.0 4.8 6.8 1.9
1980 1981 1982
a This survey was conducted by the SCRERC for a period of three years. It attempted to include a complete sample of all professionally managed
apartment complexes that contained at least 20 units and that were built in 1970 or later. Smaller and older complexes were excluded. The
number of units represented in each survey averaged approximately 3,200. The survey was managed by Wally Bostwick.
The Real Estate Report Volume 42, Number 1
Spring 2018
177
SPOKANE COUNTY AND CITY
MOBILE HOME PARK
SPACE VACANCY SURVEY
(continued)
The Real Estate Report Volume 42, Number 1
Spring 2018
178
SPOKANE COUNTY AND CITY
MOBILE HOME PARK
SPACE VACANCY SURVEY
(continued)
The Real Estate Report Volume 42, Number 1
Spring 2018
179
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
Source: 2/17-present: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
Average Rental Rate (Per Sq. Ft.)
Average Recent Rental Rate (Per Sq. Ft.)
CBD Office 2/17 10/17 2/18
Class A 1,167,654 (9)1,167,654 (9)1,167,654 (9)
134,656 119,298 128,159
11.53%10.22%10.98%
$20.47 $20.48 $20.15
$18.35 $19.94 $19.86
Class B 1,609,799 (43)1,623,260 (43)1,621,613 (43)
328,477 348,197 316,082
20.40%21.45%19.49%
$15.72 $15.73 $15.75
$15.43 $16.43 $16.43
Class C 225,347 (17)225,347 (17)225,347 (17)
28,049 33,956 33,767
12.45%15.07%14.98%
$12.83 $12.78 $12.66
$13.36 $12.52 $13.61
Total 3,002,800 (69)3,016,261 (69)3,014,614 (69)
491,182 501,451 478,008
16.36%16.62%15.86%
CBD Retail
Ground Floor 890,311 863,649 866,061
107,762 88,118 86,630
12.10%10.20%10.00%
Skywalk 280,053 250,405 249,572
44,602 27,993 26,455
15.93%11.18%10.60%
Total 1,562,264 1,341,754 1,343,333
342,128 131,881 125,083
21.90%9.83%9.31%
$14.69 $15.09 $14.94
Note: The rental basis for the "average" and "average recent rate" is a mix of full-service, modified, and triple net rents as
well as rentable and usable areas. The rates are not adjusted to one specific basis and should only be considered as an
economic indicator.
Residential space in mixed use buildings not included in survey. Floors 6-10 of 214 N. Wall (Macy's) not included in
survey, as not retail space. Macy's building removed from survey in Fall 2017.
The Real Estate Report Volume 42, Number 1
Spring 2018
180
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
Source: 2/15-10/16: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
Average Rental Rate (Per Sq. Ft.)
Average Recent Rental Rate (Per Sq. Ft.)
CBD Office 2/15 10/15 2/16 10/16
Class A 1,156,899 (9)1,171,354 (9)1,167,654 (9)1,167,654 (9)
132,527 128,848 126,745 117,028
11.46%11.00%10.85%10.02%
$20.34 $20.29 $20.47 $20.38
$21.01 $18.47 N/A N/A
Class B 1,685,794 (45)1,701,632 (45)1,702,035 (45)1,657,799 (45)
289,291 335,584 336,981 323,013
17.16%19.72%19.80%19.48%
$15.04 $14.99 $15.14 $15.46
$13.40 $17.62 $16.99 $15.74
Class C 226,581 (17)226,581 (17)226,747 (17)226,747 (17)
27,166 20,699 23,347 37,405
11.99%9.14%10.30%16.50%
$12.77 $12.88 $13.01 $12.81
$11.45 $14.01 $13.63 $14.55
Total 3,069,274 (71)3,099,567 (71)3,096,436 3,052,200
448,984 485,131 487,073 477,446
14.63%15.65%15.73%15.64%
CBD Retail
Ground Floor 867,343 901,896 895,231 882,282
119,761 106,227 102,804 102,886
13.81%11.78%11.48%11.66%
Skywalk 293,596 291,462 291,462 280,266
44,296 31,082 52,328 42,208
15.09%10.66%17.95%15.06%
Total 1,553,298 1,572,137 1,580,791 1,556,496
186,822 147,074 339,270 335,350
12.03%9.36%21.46%21.55%
$13.74 $13.67 $14.18 $14.69
Note: The rental basis for the "average" and "average recent rate" is a mix of full-service, modified, and triple net rents as
well as rentable and usable areas. The rates are not adjusted to one specific basis and should only be considered as an
economic indicator.
Residential space in mixed use buildings not included in survey. Floors 6-10 of 214 N. Wall (Macy's) not included in
survey, as not retail space.
The Real Estate Report Volume 42, Number 1
Spring 2018
181
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Source: 2/13-2/14: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2014 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
Average Rental Rate (Per Sq. Ft.)
Average Recent Rental Rate (Per Sq. Ft.)
CBD Office 2/13 10/13 2/14 10/14
Class A 1,107,389 (9) 1,107,389 (9)1,107,389 (9)1,115,461 (9)
122,438 128,618 111,381 112,206
11.06%11.61%10.06%10.06%
$19.92 $20.21 $20.21 $20.20
$20.78 $20.03 $19.85 $19.23
Class B 1,648,779 (42)1,648,890 (43)1,658,690 (43)1,670,174 (43)
312,464 321,675 293,941 250,623
18.95%19.51%17.72%15.01%
$15.29 $15.44 $15.36 $15.07
$14.27 $18.64 $13.07 $14.47
Class C 212,287 (15)212,287 (15)227,887 (17)227,877 (17)
43,910 43,896 35,957 34,304
20.68%20.68%15.78%15.05%
$12.86 $13.00 $12.99 $12.92
$12.50 $12.14 $12.16 $10.71
Total 2,968,455 (66)2,968,566 (67)2,993,966 (69)3,013,522 (69)
478,812 494,189 441,279 397,133
16.13%16.65%14.74%13.18%
CBD Retail
Ground Floor 826,295 863,266 886,410 924,730
73,627 77,981 99,536 98,327
8.91%9.03%11.23%10.63%
Skywalk 303,584 303,584 303,584 293,596
39,361 47,569 51,736 42,911
12.97%15.67%17.04%14.62%
Total 1,511,344 1,547,825 1,570,969 1,599,301
115,098 129,305 160,481 153,749
7.62%8.35%10.22%9.61%
$13.77 $13.82 $13.25 $13.45
Note: The rental basis for the "average" and "average recent rate" is a mix of full-service, modified, and triple net rents as
well as rentable and usable areas. The rates are not adjusted to one specific basis and should only be considered as an
economic indicator.
Residential space in mixed use buildings not included in survey. Floors 6-10 of 214 N. Wall (Macy's) not included in
survey, as not retail space.
The Real Estate Report Volume 42, Number 1
Spring 2018
182
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Source: 2/11-10/12: Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2012 Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
Average Rental Rate (Per Sq. Ft.)
Average Recent Rental Rate (Per Sq. Ft.)
CBD Office 2/11 10/11 2/12 10/12
Class A 1,099,344 (9) 1,108,757 (9) 1,108,757 (9) 1,107,389 (9)
100,128 116,005 96,872 98,415
9.11%10.46%8.74%8.89%
$19.84 $19.96 $19.88 $20.32
$19.08 $17.89 $19.58 $21.71
Class B 1,581,820 (39)1,614,102 (41)1,639,994 (41)1,628,779 (41)
293,714 348,365 381,591 266,564
18.57%21.58%23.27%16.37%
$15.92 $15.85 $15.76 $15.52
$15.10 $14.41 $16.02 $16.03
Class C 176,614 (12)210,887 (15)210,887 (15)212,287 (15)
38,426 43,544 57,178 48,462
21.76%20.65%27.11%22.83%
$12.40 $12.63 $12.92 $12.86
$13.96 $11.83 $12.50 N/A
Total 2,857,778 (60)2,933,746 (65)2,959,638 (65)2,948,455 (65)
432,268 507,914 535,641 413,441
15.13%17.31%18.10%14.02%
CBD Retail
Ground Floor 764,512 (9)791,512 (9)785,403 (9)826,991 (9)
88,859 50,317 43,510 79,135
11.62%6.36%5.50%9.57%
Skywalk 306,716 (39)306,716 (39)307,997 (39)304,996 (39)
42,629 35,126 35,126 37,716
13.90%11.45%11.40%12.37%
Total 1,458,883 (9)1,484,816 (11)1,506,761 (11)1,544,065 (11)
165,562 129,152 124,225 150,074
11.35%8.70%8.24%9.72%
$21.66 $14.37 $14.50 $13.94
Effective April, 1989 the method of compiling this information was changed to show the vacancy information for the three
classes of competitive office buildings only. The result has been to move owner-occupied buildings from the competitive
categories into the "other" category (not shown). The Class A, B & C Buildings reflect "competitive" office space only.
The "Other" category (not shown) reflects owner-occupied/non-competitive space. The "Total" reflects the sum and has
not changed. Nine additional retail properties were added in the October 2002 survey. In addition, the retail total now
reflects retail space on additional floors. Buildings were reclassified based on projected rent and market perception
effective with the October 2003 survey and February 2005 survey. Class “A” buildings primarily include high rise buildings.
Certain former retail space (Lamont’s, Burlington Coat Factory, Macy’s) removed effective February, 2006, from retail
inventory. Residential space in mixed use buildings not included in survey.
The Real Estate Report Volume 42, Number 1
Spring 2018
183
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Source: 2/09, 10/09, 2/10, 10/10: Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2010 Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
Average Rental Rate (Per Sq. Ft.)
Average Recent Rental Rate (Per Sq. Ft.)
CBD Office 2/09 10/09 2/10 10/10
Class A 1,092,178 (9)1,101,033 (9)1,097,118 (9)1,097,118 (9)
104,879 98,236 84,637 102,998
9.60%8.92%7.71%9.39%
$18.94 $19.56 $19.90 $19.94
$24.59 $24.17 $23.23 $20.27
Class B 1,551,045 (39)1,563,928 (39)1,575,062 (39)1,567,774 (39)
298,030 298,042 279,614 323,051
19.21%19.06%17.75%20.61%
$15.60 $15.86 $15.99 $15.81
$15.88 $15.90 $15.76 $16.41
Class C 176,002 (9)194,485 (11)197,069 (11)175,469 (11)
15,420 26,212 34,396 43,369
8.76%13.48%17.45%24.72%
$11.71 $11.03 $12.61 $12.98
$12.03 $12.92 $12.51 $12.55
Total 2,819,225 (57)2,859,446 (59)2,869,249 (59)2,840,361 (59)
418,329 422,490 398,647 469,418
14.84%14.78%13.89%16.53%
CBD Retail
Ground Floor 721,085 733,264 732,467 741,676
95,437 95,354 99,283 90,091
13.24%13.00%13.55%12.15%
Skywalk 314,424 305,556 305,556 305,556
55,616 58,958 55,218 41,075
17.69%19.30%18.07%13.44%
Total 1,397,497 1,400,808 1,400,011 1,412,186
165,772 170,031 170,220 142,539
11.86%12.14%12.16%10.09%
$22.56 $22.16 $22.35 $22.73
Effective April, 1989 the method of compiling this information was changed to show the vacancy information for the three
classes of competitive office buildings only. The result has been to move owner-occupied buildings from the competitive
categories into the "other" category (not shown). The Class A, B & C Buildings reflect "competitive" office space only.
The "Other" category (not shown) reflects owner-occupied/non-competitive space. The "Total" reflects the sum and has
not changed. Nine additional retail properties were added in the October 2002 survey. In addition, the retail total now
reflects retail space on additional floors. Buildings were reclassified based on projected rent and market perception
effective with the October 2003 survey and February 2005 survey. Class “A” buildings primarily include high rise buildings.
Certain former retail space (Lamont’s, Burlington Coat Factory, Macy’s) removed effective February, 2006, from retail
inventory. Residential space in mixed use buildings not included in survey.
The Real Estate Report Volume 42, Number 1
Spring 2018
184
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Source: 2/07, 10/07, 2/08, 10/08, 2/09: Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2009 Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
Average Rental Rate (Per Sq. Ft.)
Average Recent Rental Rate (Per Sq. Ft.)
2/07 10/07 2/08 10/08
Class A 966,147 (7)1,003,545 (8)956,355 (7)1,081,086 (9)
160,066 138,647 131,006 78,492
16.57%13.82%13.70%7.26%
$19.68 $18.62 $18.31 $18.67
$20.00 $20.28 $20.31 $24.58
Class B 1,604,070 (38)1,617,698 (37)1,621,301 (39)1,531,899 (38)
276,815 210,070 206,091 290,693
17.26%12.99%12.71%18.98%
$15.82 $15.73 $15.78 $15.74
$15.56 $15.87 $16.30 $15.85
Class C 122,475 (7)118,704 (7)176,002 (9)176,002 (9)
14,555 10,523 9,750 7,741
11.88%8.86%5.54%4.40%
$12.77 $13.11 $11.72 $11.72
$12.77 $13.11 $12.09 $12.09
Total 2,692,692 (52)2,739,947 (52)2,753,658 (55)2,788,987 (56)
451,436 359,240 346,847 376,926
16.77%13.11%12.60%13.51%
CBD Retail
Ground Floor 606,221 619,202 651,907 652,578
45,649 28,991 27,857 27,138
7.53%4.68%4.27%4.16%
Skywalk 310,887 299,384 313,080 313,080
42,636 48,896 58,628 58,196
13.71%16.33%18.73%18.59%
Total 1,259,971 1,261,449 1,326,975 1,327,646
97,267 86,869 101,595 102,228
7.72%6.89%7.66%7.70%
$22.99 $23.20 $22.52 $22.61
Effective April, 1989 the method of compiling this information was changed to show the vacancy information for the three
classes of competitive office buildings only. The result has been to move owner-occupied buildings from the competitive
categories into the "other" category (not shown). The Class A, B & C Buildings reflect "competitive" office space only.
The "Other" category (not shown) reflects owner-occupied/non-competitive space. The "Total" reflects the sum and has
not changed. Nine additional retail properties were added in the October 2002 survey. In addition, the retail total now
reflects retail space on additional floors. Buildings were reclassified based on projected rent and market perception
effective with the October 2003 survey and February 2005 survey. Class “A” buildings primarily include high rise buildings.
Certain former retail space (Lamont’s, Burlington Coat Factory, Macy’s) removed effective February, 2006, from retail
inventory.
The Real Estate Report Volume 42, Number 1
Spring 2018
185
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Source: 2/05, 10/05, 2/06, 10/06: Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2006 Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
Average Rental Rate (Per Sq. Ft.)
Average Recent Rental Rate (Per Sq. Ft.)
CBD Office 2/05 10/05 2/06 10/06
Class A 918,957 (6)918,957 (6)966,357 (7)966,357 (7)
224,052 160,188 166,397 111,362
24.38%17.43%17.22%11.52%
$19.58 $19.23 $19.88 $19,88
$20.44 $20.24 $20.20 $20.20
Class B 1,645,239 (38)1,595,630 (38)1,588,275 (38)1,604,070 (38)
332,330 263,270 237,052 257,629
20.20%16.50%14.93%16.06%
$15.37 $15.29 $15.07 $15.58
$15.08 $14.98 $15.14 $15.38
Class C 109,604 (6)109,604 (6)109,604 (6)110,544 (6)
26,948 18,358 15,797 10,432
24.59%16.75%14.41%9.44%
$11.99 $11.34 $11.15 $11.83
$11.85 $11.89 $11.89 $12.42
Total 2,673,800 (50)2,624,191 (50)2,664,236 (51)2,680,971 (51)
583,330 441,816 419,246 379,423
21.82%16.84%15.74%14.15%
CBD Retail
Ground Floor 620,532 613,061 603,404 606,221
110,520 99,819 85,215 52,065
17.81%16.28%14.12%8.59%
Skywalk 300,046 317,402 329,699 310,887
45,864 66,964 52,740 39,384
15.29%21.10%16.00%12.67%
Total 1,267,141 1,273,326 1,275,966 1,259,971
170,109 180,508 150,008 101,435
13.42%14.18%11.76%8.05%
$19.19 $19.16 $22.65 $22.81
Effective April, 1989 the method of compiling this information was changed to show the vacancy information for the three
classes of competitive office buildings only. The result has been to move owner-occupied buildings from the competitive
categories into the "other" category (not shown). The Class A, B & C Buildings reflect "competitive" office space only.
The "Other" category (not shown) reflects owner-occupied/non-competitive space. The "Total" reflects the sum and has
not changed. Nine additional retail properties were added in the October 2002 survey. In addition, the retail total now
reflects retail space on additional floors. Buildings were reclassified based on projected rent and market perception
effective with the October 2003 survey and February 2005 survey. Class “A” buildings primarily include high rise buildings.
Certain former retail space (Lamont’s, Burlington Coat Factory, Macy’s) removed effective February, 2006, from retail
inventory.
The Real Estate Report Volume 42, Number 1
Spring 2018
186
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Source: 2/03, 10/03, 2/04, 10/04: Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2004 Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
Average Rental Rate (Per Sq. Ft.)
Average Recent Rental Rate (Per Sq. Ft.)
CBD Office 2/03 1/03 2/04 10/04
Class A 944,266 (6)858,118 (5)850,124 (5)850,124 (5)
34,276 82,520 163,645 234,328
3.63%9.62%19.25%27.56%
$18.90 $19.28 $18.68 $19.83
$18.56 $20.17 $19.49 $24.72
Class B 1,567,885 (34)1,678,081 (37)1,668,493 (37)1,655,536 (37)
261,678 255,623 257,503 256,232
16.69%15.23%15.43%15.48%
$14.67 $14.84 $14.92 $14.85
$15.68 $15.71 $15.39 $15.39
Class C 120,573 (7)108,573 (6)112,673 (6)112,673 (6)
29,387 17,279 13,576 30,869
24.37%15.91%12.05%27.40%
$12.72 $12.41 $11.84 $11.84
$12.23 $12.44 $12.78 $12.78
Total 2,632,724 (47)2,644,772 (48)2,631,290 (48)2,618,333 (48)
325,341 355,422 434,724 521,429
12.36%13.44%16.52%19.91%
CBD Retail
Ground Floor 656,069 639,317 635,699 641,897
124,769 132,687 134,619 142,118
19.02%20.75%21.18%22.14%
Skywalk 346,691 362,781 369,746 370,641
93,095 84,045 88,389 89,070
26.85%23.17%23.91%24.03%
Total 1,632,360 1,631,698 1,639,541 1,652,631
490,064 469,432 499,370 524,381
30.02%28.77%30.46%31.73%
$18.37 $17.36 $17.14 $17.39
Effective April, 1989 the method of compiling this information was changed to show the vacancy information for the three
classes of competitive office buildings only. The result has been to move owner-occupied buildings from the competitive
categories into the "other" category (not shown). The Class A, B & C Buildings reflect "competitive" office space only.
The "Other" category (not shown) reflects owner-occupied/non-competitive space. The "Total" reflects the sum and has
not changed. Nine additional retail properties were added in the October 2002 survey. In addition, the retail total now
reflects retail space on additional floors. Buildings were reclassified based on projected rent and market perception
effective with the October 2003 survey. Class “A” buildings primarily include high rise buildings.
The Real Estate Report Volume 42, Number 1
Spring 2018
187
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Source: 2/01, 10/01, 2/02, 10/02: Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2002 Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
Average Rental Rate (Per Sq. Ft.)
Average Recent Rental Rate (Per Sq. Ft.)
CBD Office 2/01 10/01 2/02 10/02
Class A 933,342 (8)906,891 (6)925,137 (6)944,266 (6)
24,206 75,898 53,076 24,010
2.59%8.37%5.74%2.54%
$18.40 $18.38 $18.71 $19.03
n.a.$19.72 $19.88 $15.61
Class B 1,246,877 (29)1,499,199 (34)1,493,841 (34)1,489,871 (34)
160,405 162,901 244,533 213,777
12.86%10.87%16.37%14.35%
$14.60 $14.97 $14.93 $14.56
n.a.$15.82 $16.23 $15.89
Class C 163,594 (5)147,581 (5)195,822 (9)199,822 (9)
43,451 53,817 92,841 93,757
26.56%36.47%47.41%46.92%
$9.68 $10.13 $10.30 r $11.13
n.a.$10.63 $10.58 $12.88
Total 2,343,813 (40)2,553,671 (45)2,614,800 (49)2,633,959 (49)
228,062 292,616 390,450 331,544
9.73%11.46%14.93%12.59%
CBD Retail 4/02
Ground Floor 324,054 345,564 371,659 665,286
42,684 34,062 43,727 140,542
13.17%9.86%11.77%21.13%
Skywalk 112,426 156,798 141,887 321,691
25,601 34,151 35,884 57,887
22.77%21.78%25.29%17.99%
Total 436,480 502,362 513,546 1,575,977
68,285 68,213 79,611 410,429
15.64%13.58%15.50%26.04%
$13.18 $12.37 $12.10 $17.86
Effective April, 1989, the method of compiling this information was changed to show the vacancy information for the three
classes of competitive office buildings only. The result has been to move owner-occupied buildings from the competitive
categories into the "other" category (not shown). The Class A, B & C Buildings reflect "competitive" office space only.
The "Other" category (not shown) reflects owner-occupied/non-competitive space. The "Total" reflects the sum and has
not changed. Nine additional retail properties were added in the October 2002 survey. In addition, the retail total now
reflects retail space on additional floors.
The Real Estate Report Volume 42, Number 1
Spring 2018
188
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Source: 1/98: Kiemle & Hagood Company; Josh Shearer (509) 838-6541
2/99: Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 1999 Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
Average Rental Rate (Per Sq. Ft.)
CBD Office 1/98 2/99 2/00 11/00
Class A 862,891 (7)862,891 (7)933,342 (6)933,342 (6)
38,983 44,238 30,545 27,868
4.52%5.13%3.27%2.99%
$17.02 $17.43 $18.00 $18.18
Class B 842,081 (16)843,073 (16)1,258,276 (31)1,275,691 (32)
83,600 77,297 166,576 181,763
9.93%9.17%13.24%14.25%
$12.80 $13.59 $11.63 $11.51
Class C 136,754 (4)131,708 (4)154,094 (4)154,094 (4)
27,227 30,758 30,851 40,851
19.91%23.35%20.02%26.51%
$10.06 $10.06 $9.52 $9.53
Total 2,350,808 (41)2,215,436 (40)2,345,712 (41)2,363,127 (42)
243,785 185,757 227,972 250,482
10.37%8.38%9.72%10.60%
CBD Retail
Ground Floor 552,033 335,965 335,067 330,163
127,180 43,134 39,043 40,693
23.04%12.84%11.65%12.33%
Skywalk 171,470 132,976 115,426 115,426
49,366 29,498 23,312 23,312
28.80%22.18%20.20%20.20%
Total 723,503 468,941 450,493 445,589
176,546 61,632 62,355 64,005
24.40%13.14%13.84%14.36%
$10.45 $13.16 $12.24 $12.37
Effective April, 1989, the method of compiling this information was changed to show the vacancy information for the three
classes of competitive office buildings only. The result has been to move owner-occupied buildings from the competitive
categories into the "other" category (not shown). The Class A, B & C Buildings reflect "competitive" office space only.
The "Other" category (not shown) reflects owner-occupied/non-competitive space. The "Total" reflects the sum and has
not changed. Effective with the January 1998 survey, Riverpark Square was removed from the CBD Retail database, due to
construction. In addition, average rental rates per square foot were added for certain categories. Riverpark Square was
added back effective with the February 2000 survey.
The Real Estate Report Volume 42, Number 1
Spring 2018
189
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Source: 4/94, 2/95, 12/95, 2/97: Kiemle & Hagood Company; Alison Bantz (509) 838-6541
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
CBD Office 4/94 2/95 12/95 2/97
Class A 899,782 (8)899,782 (8)886,632 (9)885,133 (9)
64,375 67,418 101,388 92,737
7.15 7.49 11.44 10.48
Class B 639,590 (11)734,961 (11)732,849 (12)785,788 (14)
140,188 106,970 109,641 76,548
21.92 14.55 14.96 9.74
Class C 137,209 (4)137,209 (4)137,209 (4)136,754 (4)
32,619 31,934 33,424 22,538
23.77 23.27 24.36 16.48
Total 2,148,771 (44)2,272,531 (45)2,258,169 (46)2,309,254 (48)
287,082 309,236 352,642 294,337
13.36 13.61 15.62 12.75
CBD Retail
Ground Floor 522,501 518,800 499,797 505,803
83,460 110,019 93,403 103,079
15.97 21.21 18.89 20.38
Skywalk 336,098 350,897 234,149 251,983
19,240 39,920 39,012 56,501
5.72 11.38 16.66 22.42
Total 858,599 869,697 733,946 810,586
102,700 149,939 132,415 159,580
11.96 17.24 18.04 19.69
Effective April, 1989 the method of compiling this information was changed to show the vacancy information for the three
classes of competitive office buildings only. The result has been to move owner-occupied buildings from the competitive
categories into the "other" category (not shown). For example, two buildings previously tallied with the Class A buildings
are now tallied with "Other Major CBD Office Buildings" because they are not competing with the eight (nine, as of 12/95)
Class A buildings for tenants. Because of this change, the number of "Other Major CBD Office Buildings" was increased
from six to thirteen (twenty-one, as of 2/97). The Class A, B & C Buildings reflect "competitive" office space only. The
"Other" category (not shown) reflects owner-occupied/non-competitive space. The "Total" reflects the sum and has not
changed.
The Real Estate Report Volume 42, Number 1
Spring 2018
190
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Source: 4/91: Spokane Building Owners & Managers Assoc.; Duane Wilson, Executive Secretary
2/91, 10/92, 5/93: Spokane Building Owners & Managers Assoc.; Kevin McCathren, Kiemle
& Hagood Company
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
CBD Office 4/91 2/92 10/92 5/93
Class A 881,031 (8)913,379 (8)887,227 (8)913,532 (8))
80,250 76,101 67,281 47,345
9.11 8.33 7.58 5.18
Class B 501,527 (9)516,771 (9)525,061 (9)517,327 (9)
65,325 88,069 81,078 62,061
13.03 17.04 15.44 12
Class C 116,473 (4)136,419 (4)137,209 (4)138,557 (4)
43,993 35,341 34,300 26,202
37.77 25.91 25 18.91
Total 2,034,324 (34)2,122,873 (34)2,046,797 (35)2,575,158 (40)
250,018 295,333 244,082 160,002
12.29 13.91 11.93 6.21
CBD Retail (In Class A, B, C or "Other" CBD Office/Retail Buildings)
Ground Floor 433,357 442,297 451,523 436,035
31,000 37,623 39,895 50,485
7.15 8.51 8.84 11.58
Skywalk 278,075 280,116 278,632 280,716
12,952 17,032 10,637 17,324
4.66 6.08 3.82 6.17
Total 711,432 722,413 730,155 716,301
43,952 54,655 50,532 76,317
6.18 7.57 6.92 10.65
The Real Estate Report Volume 42, Number 1
Spring 2018
191
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Source: Through 1987:Kiemle & Hagood Company; Daniel E. Barrett, MAI
1988: Spokane Building Owners & Managers Assoc.; Pete Inman, Executive Secretary
4/89: Kiemle & Hagood Company; Daniel E. Barrett, MAI
10/89, 4/90: Spokane Building Owners & Managers Assoc.; Pete Inman, Executive Secretary
(continued)
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
CBD Office 10/88 4/89 10/89 4/90
Class A 1,149,414 (10)974,414 (8)894,266 (8)894,700 (8)
100,264 94,719 93,505 93,841
8.7 10 10.46 10.49
Class B 702,317 (13)520,303 (9)520,222 (9)517,734 (9)
134,785 89,344 87,476 88,271
19.2 17.17 16.82 17.05
Class C 259,076 (5)136,565 (4)136,419 (4)136,419 (4)
130,383 45,000 47,911 48,618
50.3 32.95 35.12 35.64
Total 2,122,407 (34)2,124,582 (35)2,071,207 (34)2,069,153 (34)
377,032 343,680 344,383 335,530
17.7 16.18 16.63 16.22
CBD Retail
Ground Floor 400,702 400,198 398,443 398,438
76,481 47,640 37,822 38,184
19.1 11.9 9.49 9.58
Skywalk 259,258 262,933 262,933 262,933
11,210 7,969 6,698 6,698
4.3 3.03 2.55 2.55
Total 653,210 663,131 661,376 661,371
90,082 55,609 44,520 44,882
13.8 8.39 6.73 6.79
The Real Estate Report Volume 42, Number 1
Spring 2018
192
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE IN THE SPOKANE CBD
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Source: Through 1987:Kiemle & Hagood Company; Daniel E. Barrett, MAI
1988: Spokane Building Owners & Managers Assoc.; Pete Inman, Executive Secretary
KEY
Surveyed Sq. Ft. (# Buildings)
Vacant Sq. Ft.
Vacant %
CBD Office 10/86 4/87 10/87 4/88
Class A 1,264,038 (10)1,150,050 (10)1,150,050 (10)1,150,040 (10)
87,025 100,135 80,132 77,920
6.9 8.7 7 6.8
Class B 696,997 (13)699,219 (14)699,216 (14)699,216 (13)
107,822 163,241 135,096 123,299
15.5 23.3 19.3 17.6
Class C 267,410 (5)267,410 (5)267,410 (5)270,076 (5)
97,418 85,660 105,431 105,973
31.7 32 39.4 39.2
Total 2,228,455 (28)2,132,966 (29)2,132,966 (29)2,135,632 (34)
292,265 349,036 320,659 311,645
13.1 16.4 15 14.5
CBD Retail
Ground Floor 323,680 407,770 (27)407,770 (27)400,118
21,064 43,157 43,372 82,543
13.1 10.6 10.6 20.1
Skywalk 122,245 266,664 (13)266,664 (13)249,422
3,000 21,592 12,120 9,576
2.5 8.1 4.5 3.8
Total 445,925 (20)674,434 (27)674,434 (27)649,720
24,064 65,664 55,492 91,119
5.4 9.7 8.2 14
The Real Estate Report Volume 42, Number 1
Spring 2018
193
SURVEY OF COMPETITIVE OFFICE/RETAIL SPACE
IN THE SPOKANE CBD AND OTHER LOCATIONS
Kiemle & Hagood
The Real Estate Report Volume 42, Number 1
Spring 2018
194
SURVEY OF SUBURBAN OFFICE SPACE IN SPOKANE COUNTY
(CURRENT GEOGRAPHIC AREAS)
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
Source: 2/99-present: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
1/98: Kiemle & Hagood Company; Josh Shearer (509) 838-6541
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE NO.
BLDGS.
NET USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE$/SF/YR
AVERAGE
RECENT RATE
$/SF/YR
Periphery of CBDa
Jan. 1998 65 1,861,238 98,060 5.27%$12.81 N/A
Feb. 1999 65 1,861,863 177,551 9.54%$12.49 N/A
Feb. 2000 69 1,971,600 114,926 5.83%$13.95 N/A
Nov. 2000 71 2,241,671 113,630 5.07%$14.40 N/A
Feb. 2001 71 2,241,671 119,872 5.35%$15.15 N/A
Oct. 2001 77 2,501,949 148,219 5.92%$15.34 $16.78
Feb. 2002 80 2,525,779 166,522 6.59%$15.37 $16.71
Oct. 2002 82 2,518,221 166,756 6.62%$15.55 $16.54
Feb. 2003 82 2,402,849 145,765 6.07%$15.24 $16.12
Oct. 2003 83 2,447,884 137,786 5.63%$15.12 $16.04
Feb. 2004 83 2,447,122 224,410 9.17%$15.10 $16.15
Oct. 2004 84 2,525,508 183,996 7.29%$15.05 $16.19
Feb. 2005 87 2,539,675 229,379 9.03%$15.26 $15.84
Oct. 2005 88 2,564,220 229,209 8.94%$15.55 $16.18
Feb. 2006 89 2,621,692 259,723 9.91%$15.75 $16.26
Oct. 2006 89 2,628,350 224,308 8.53%$15.88 $16.27
Feb. 2007 89 2,578,482 213,742 8.29%$15.88 $16.32
Oct. 2007 89 2,597,780 203,441 7.83%$15.81 $16.13
Feb. 2008 111 2,781,097 211,686 7.61%$15.65 $16.02
Oct. 2008 112 2,799,233 213,182 7.62%$15.82 $16.02
Feb. 2009 113 2,812,772 280,238 9.96%$15.97 $16.06
Oct. 2009 114 2,849,632 304,614 10.69%$16.42 $16.20
Feb. 2010 114 2,876,297 289,965 10.08%$16.50 $16.47
Oct. 2010 115 2,923,387 304,794 10.43%$16.54 $16.83
Feb. 2011 115 2,939,587 411,922 14.01%$16.61 $17.15
Oct. 2011 117 3,003,233 350,291 11.66%$16.54 $15.26
Feb. 2012 120 3,005,775 439,558 14.62%$16.38 $13.74
Oct. 2012 120 2,988,376 468,379 15.67%$16.12 $14.74
Feb. 2013 120 2,969,268 448,937 15.12%$16.10 $16.96
Oct. 2013 120 2,988,366 412,916 13.82%$17.33 $15.27
Feb. 2014 129 3,076,014 464,126 15.09%$15.67 $16.18
Oct. 2014 133 3,119,667 498,071 15.97%$15.74 $16.85
Feb. 2015 134 3,125,569 474,945 15.20%$15.76 $17.98
Oct. 2015 132 3,103,516 515,906 16.62%$15.76 $16.69
Feb. 2016 133 3,105,546 510,955 16.45%$15.73 $20.28
Oct. 2016 146 3,301,509 440,332 13.34%$15.70 $15.49
Feb. 2017 147 3,296,688 401,640 12.18%$15.70 $15.94
Oct. 2017 148 3,297,850 363,707 11.03%$15.75 $15.28
Feb. 2018 148 3,297,395 387,609 11.76%$15.88 $14.62
a Bounded by Indiana, Havana, 14th, and Spokane River/Latah Creek
Note: The rental basis for the "average" and "average recent rates" is a mix of full-service, modified, and triple
net rents as well as rentable and usable areas. The rates are not adjusted to one specific basis and should
only be considered as an economic indicator.
The Real Estate Report Volume 42, Number 1
Spring 2018
195
SURVEY OF SUBURBAN OFFICE SPACE IN SPOKANE COUNTY
(CURRENT GEOGRAPHIC AREAS)
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
(continued)
Source: 2/99-present: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
1/98: Kiemle & Hagood Company; Josh Shearer (509) 838-6541
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE NO.
BLDGS.
NET USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE$/SF/YR
AVERAGE
RECENT RATE
$/SF/YR
Southb
Jan. 1998 7 107,944 7,214 6.68%$14.66 N/A
Feb. 1999 7 107,944 8,422 7.80%$15.21 N/A
Feb. 2000 8 118,424 11,220 9.47%$15.71 N/A
Nov. 2000 8 118,424 11,220 9.47%$15.71 N/A
Feb. 2001 8 118,424 7,670 6.48%$15.71 N/A
Oct. 2001 11 141,504 9,538 6.74%$15.95 $16.35
Feb. 2002 11 129,816 9,300 7.16%$15.94 $17.15
Oct. 2002 11 131,353 13,938 10.61%$15.56 $16.52
Feb. 2003 10 114,157 10,961 9.60%$15.41 $16.60
Oct. 2003 10 114,157 10,094 8.84%$15.70 $16.91
Feb. 2004 10 142,849 10,367 7.26%$15.13 $15.61
Oct. 2004 10 140,982 7,397 5.25%$15.10 $15.59
Feb. 2005 11 149,034 9,753 6.54%$15.88 $16.62
Oct. 2005 15 218,047 29,768 13.65%$17.30 $17.90
Feb. 2006 14 205,899 23,115 11.23%$17.39 $18.00
Oct. 2006 14 204,159 14,809 7.25%$18.31 $18.25
Feb. 2007 15 217,143 16,809 7.74%$18.31 $18.25
Oct. 2007 15 217,873 32,179 14.77%$19.07 $19.15
Feb. 2008 11 162,957 32,338 19.84%$20.50 $20.58
Oct. 2008 11 167,158 25,120 15.03%$21.16 $20.28
Feb. 2009 11 166,475 24,716 14.85%$20.96 $19.48
Oct. 2009 12 166,791 20,182 12.10%$20.94 $19.79
Feb. 2010 12 166,791 19,900 11.93%$21.78 $18.68
Oct. 2010 12 166,791 22,693 13.61%$22.33 $18.31
Feb. 2011 12 168,052 21,661 12.89%$19.73 $18.44
Feb. 2012 12 178,996 41,338 23.09%$18.70 $17.00
Oct. 2011 12 170,239 27,505 16.16%$19.17 $17.00
Oct. 2012 12 177,256 37,354 21.07%$18.67 $17.41
Feb. 2013 12 177,256 29,976 16.91%$18.52 $17.59
Oct. 2013 12 177,256 42,522 23.99%$18.61 $16.87
Feb. 2014 12 180,983 49,414 27.30%$17.99 $18.39
Oct. 2014 15 195,603 48,818 24.96%$18.23 N/A
Feb. 2015 15 201,662 46,364 22.99%$18.30 $16.43
Oct. 2015 16 201,840 41,907 20.76%$18.27 $16.77
Feb. 2016 16 201,840 36,679 18.17%$18.19 N/A
Oct. 2016 16 201,840 38,318 18.98%$18.20 N/A
Feb. 2017 17 204,202 38,124 18.67%$18.20 N/A
Oct. 2017 17 204,202 29,291 14.34%$18.28 N/A
Feb. 2018 17 205,534 35,983 17.51%$18.27 $20.00
Note: The rental basis for the "average" and "average recent rates" is a mix of full-service, modified, and triple
net rents as well as rentable and usable areas. The rates are not adjusted to one specific basis and should
only be considered as an economic indicator.
b South of 14th
The Real Estate Report Volume 42, Number 1
Spring 2018
196
SURVEY OF SUBURBAN OFFICE SPACE IN SPOKANE COUNTY
(CURRENT GEOGRAPHIC AREAS)
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
(continued)
Source: 2/99-present: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
1/98: Kiemle & Hagood Company; Josh Shearer (509) 838-6541
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE NO.NET USABLE VACANT PERCENT AVERAGE AVERAGE
Northc
Jan. 1998 14 277,345 8,583 3.09%$11.05 n.a.
Feb. 1999 14 260,945 27,962 10.72%$10.97 n.a.
Feb. 2000 15 254,705 30,098 11.82%$10.50 n.a.
Nov. 2000 17 281,705 35,398 12.57%$10.51 n.a.
Feb. 2001 18 295,264 26,893 9.11%$12.83 n.a.
Oct. 2001 23 455,625 65,801 14.44%$15.43 $14.37
Feb. 2002 24 384,111 57,926 15.08%$13.45 $15.46
Oct. 2002 31 469,686 92,180 19.63%$14.34 $15.42
Feb. 2003 30 556,211 112,984 20.31%$15.76 $17.01
Oct. 2003 29 533,217 76,373 14.32%$15.77 $17.30
Feb. 2004 30 539,682 87,052 16.13%$15.45 $16.80
Oct. 2004 31 544,230 83,026 15.26%$15.67 $16.84
Feb. 2005 33 672,071 73,403 10.92%$15.75 $16.15
Oct. 2005 34 661,358 97,523 14.75%$16.21 $16.60
Feb. 2006 34 659,754 97,337 14.75%$15.94 $16.77
Oct. 2006 36 690,399 110,625 16.02%$16.01 $16.25
Feb. 2007 37 716,252 96,194 13.43%$16.23 $16.57
Oct. 2007 36 712,451 76,154 10.69%$16.34 $16.36
Feb. 2008 43 763,838 75,530 9.89%$15.92 $16.34
Oct. 2008 42 766,238 68,878 8.99%$16.09 $16.53
Feb. 2009 43 806,766 89,170 11.05%$17.15 $17.88
Oct. 2009 44 811,780 107,883 13.29%$16.31 $17.88
Feb. 2010 46 837,924 110,506 13.19%$16.56 $14.94
Oct. 2010 47 878,724 130,864 14.89%$16.42 $15.58
Feb. 2011 48 887,509 137,023 15.44%$15.90 $15.00
Oct. 2011 49 1,007,920 119,539 11.86%$15.83 $16.42
Feb. 2012 51 1,029,062 128,165 12.45%$16.00 $17.18
Oct. 2012 52 985,787 131,434 13.33%$15.70 $15.87
Feb. 2013 52 986,507 127,722 12.95%$16.29 $16.59
Oct. 2013 52 995,042 137,501 13.82%$16.61 $12.93
Feb. 2014 55 1,035,286 146,233 14.12%$16.26 $12.51
Oct. 2014 59 1,041,635 144,014 13.83%$16.42 $13.23
Feb. 2015 60 1,051,114 131,727 12.53%$15.61 $12.91
Oct. 2015 62 1,050,853 107,599 10.24%$15.31 $16.51
Feb. 2016 63 1,061,867 121,549 11.45%$15.22 $17.87
Oct. 2016 60 1,020,269 112,431 11.02%$15.40 $14.91
Feb. 2017 60 1,020,203 156,844 15.37%$16.34 $16.65
Oct. 2017 62 1,086,888 229,223 21.09%$16.43 $21.02
Feb. 2018 63 1,087,294 251,325 23.11%$16.44 $21.26
c North of Indiana
Note: The rental basis for the "average" and "average recent rates" is a mix of full-service, modified, and triple
net rents as well as rentable and usable areas. The rates are not adjusted to one specific basis and should
only be considered as an economic indicator.
The Real Estate Report Volume 42, Number 1
Spring 2018
197
SURVEY OF SUBURBAN OFFICE SPACE IN SPOKANE COUNTY
(CURRENT GEOGRAPHIC AREAS)
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
(continued)
Source: 2/99-present: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
1/98: Kiemle & Hagood Company; Josh Shearer (509) 838-6541
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE NO.
BLDGS.
NET USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE$/SF/YR
AVERAGE
RECENT RATE
$/SF/YR
Valleyd
Jan. 1998 43 882,722 111,788 12.66%$11.16 N/A
Feb. 1999 44 900,119 102,750 11.42%$11.38 N/A
Feb. 2000 40 865,439 56,860 6.57%$10.92 N/A
Nov. 2000 40 865,439 56,860 6.57%$10.92 N/A
Feb. 2001 40 871,599 68,612 7.87%$12.75 N/A
Oct. 2001 54 1,373,795 94,616 6.89%$13.10 $14.40
Feb. 2002 60 1,450,015 185,724 12.81%$13.05 $13.81
Oct. 2002 65 1,482,107 181,248 12.23%$12.96 $13.33
Feb. 2003 68 1,695,031 201,433 11.88%$12.58 $13.40
Oct. 2003 69 1,733,969 235,926 13.61%$12.87 $13.97
Feb. 2004 68 1,696,668 236,154 13.92%$12.73 $13.71
Oct. 2004 69 1,718,878 342,190 19.91%$12.83 $13.65
Feb. 2005 71 1,792,856 362,572 20.22%$13.66 $14.40
Oct. 2005 80 1,956,768 420,326 21.48%$13.35 $13.44
Feb. 2006 80 1,960,827 409,717 20.90%$13.43 $13.53
Oct. 2006 82 2,014,817 430,108 21.35%$13.52 $13.66
Feb. 2007 86 2,075,865 387,609 18.67%$13.79 $14.09
Oct. 2007 85 2,064,050 257,747 12.49%$13.79 $14.10
Feb. 2008 96 2,207,694 356,760 16.16%$14.24 $14.28
Oct. 2008 97 2,243,239 298,109 13.29%$14.30 $14.46
Feb. 2009 99 2,339,541 331,812 14.18%$14.43 $14.64
Oct. 2009 102 2,617,056 573,280 21.91%$14.58 $14.93
Feb. 2010 104 2,641,714 535,047 20.25%$14.71 $15.30
Oct. 2010 114 2,914,329 666,985 22.89%$14.67 $14.94
Feb. 2011 115 2,925,377 688,103 23.52%$14.14 $13.69
Oct. 2011 124 3,173,540 690,550 21.76%$13.70 $13.65
Feb. 2012 123 3,253,464 619,375 19.04%$13.86 $15.87
Oct. 2012 124 3,302,823 522,728 15.83%$13.93 $14.97
Feb. 2013 123 3,281,525 521,233 15.88%$14.05 $16.11
Oct. 2013 120 3,280,413 707,194 21.56%$14.39 $13.34
Feb. 2014 124 3,368,336 685,615 20.35%$14.60 $15.43
Oct. 2014 136 3,454,396 632,942 18.32%$14.63 $17.34
Feb. 2015 142 3,466,558 714,960 20.62%$14.54 $11.53
Oct. 2015 142 3,458,040 611,100 17.67%$14.22 $13.51
Feb. 2016 146 3,482,959 628,663 18.05%$14.26 $11.13
Oct. 2016 146 3,704,026 629,435 16.99%$14.28 $21.75
Feb. 2017 148 3,740,133 609,337 16.29%$14.22 $13.27
Oct. 2017 149 3,743,743 615,713 16.45%$14.50 $13.81
Feb. 2018 155 3,854,321 593,492 15.40%$14.65 $14.38
d East of Havana
Note: The rental basis for the "average" and "average recent rates" is a mix of full-service, modified, and triple
net rents as well as rentable and usable areas. The rates are not adjusted to one specific basis and should
only be considered as an economic indicator.
The Real Estate Report Volume 42, Number 1
Spring 2018
198
SURVEY OF SUBURBAN OFFICE SPACE IN SPOKANE COUNTY
(CURRENT GEOGRAPHIC AREAS)
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
(continued)
Source: 2/99-present: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
1/98: Kiemle & Hagood Company; Josh Shearer (509) 838-6541
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
LOCATION
SURVEY DATE NO.
BLDGS.
NET USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE$/SF/YR
AVERAGE
RECENT RATE
$/SF/YR
Weste
Feb. 2008 7 358,362 16,048 4.48%$15.43 $15.43
Oct. 2008 7 358,362 16,048 4.48%$15.54 $16.55
Feb. 2009 7 357,854 35,328 9.87%$15.47 $16.35
Oct. 2009 7 357,854 44,294 12.38%$15.47 $16.35
Feb. 2010 7 336,327 44,407 13.20%$16.48 $16.35
Oct. 2010 7 336,328 44,407 13.20%$16.48 $17.27
Feb. 2011 7 335,928 49,507 14.74%$16.45 $17.09
Oct. 2011 7 335,928 46,786 13.93%$16.45 $14.50
Feb. 2012 7 335,928 35,533 10.58%$16.45 $14.50
Oct. 2012 7 335,928 35,533 10.58%$16.45 N/A
Feb. 2013 8 392,342 35,555 9.06%$14.98 N/A
Oct. 2013 8 392,342 65,155 16.61%$15.04 N/A
Feb. 2014 9 416,542 68,762 16.51%$15.21 $14.00
Oct. 2014 10 418,290 48,272 11.54%$15.21 N/A
Feb. 2015 10 418,290 36,003 8.61%$15.21 N/A
Oct. 2015 10 428,873 165,780 38.65%$15.26 N/A
Feb. 2016 11 458,833 257,488 56.12%$15.32 N/A
Oct. 2016 12 483,833 158,201 32.70%$14.69 N/A
Feb. 2017 12 483,833 219,601 45.39%$14.94 N/A
Oct. 2017 12 483,833 208,196 43.03%$14.94 N/A
Feb. 2018 11 397,530 122,373 30.78%$14.94 N/A
e West of Spokane River/Latah CreekNote: The rental basis for the "average" and "average recent rates" is a mix of full-service, modified, and triple
net rents as well as rentable and usable areas. The rates are not adjusted to one specific basis and should
only be considered as an economic indicator.
The Real Estate Report Volume 42, Number 1
Spring 2018
199
SURVEY OF SUBURBAN OFFICE SPACE IN SPOKANE COUNTY
(PREVIOUS GEOGRAPHIC AREAS)
1992-1997
Kiemle & Hagood Company
Source: Kiemle & Hagood Company; Alison Bantz (509) 838-6541
The Real Estate Report Volume 42, Number 1
Spring 2018
200
SURVEY OF MEDICAL OFFICE SPACE IN SPOKANE COUNTY
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
SURVEY DATE NO.
BLDGS
NET USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
Feb. 2008 80 1,831,083 104,645 5.71%8.00 -24.46 a
Oct. 2008 79 1,814,028 135,960 7.49 8.00 -28.42 b
Feb. 2009 79 1,825,180 131,922 7.23 8.00 -25.25 c
Oct. 2009 79 1,857,616 131,066 7.06 8.00 -25.25 d
Feb. 2010 80 1,878,470 145,566 7.75 8.00 -26.13 e
Oct. 2010 81 1,911,470 156,750 8.20 8.00 -26.13 f
Feb. 2011 82 1,936,570 214,019 11.05 8.00 -26.13 g
Oct. 2011 82 1,946,802 212,723 10.93 7.80 -26.78 h
Feb. 2012 83 1,984,022 220,675 11.12 7.80 -26.78 i
Oct. 2012 83 1,999,579 206,800 10.34 7.80 -25.66 j
Feb. 2013 87 2,032,608 211,740 10.42 8.04 -28.61 k
Oct. 2013 87 2,046,111 219,070 10.71 8.04 -28.61 l
Feb. 2014 98 2,175,632 243,834 11.21 8.04 -29.32 m
Oct. 2014 100 2,345,730 310,618 13.24 8.04 -30.00 n
Feb. 2015 102 2,353,014 301,436 12.81 8.04 -30.00 o
Oct. 2015 109 2,441,687 247,722 10.15 8.04 -30.58 p
Feb. 2016 111 2,448,529 232,980 9.52 8.04 -30.70 q
Oct. 2016 110 2,410,869 227,160 9.42 8.00 -30.82 r
Feb. 2017 113 2,480,049 252,185 10.17 8.00 -30.82 s
Oct. 2017 114 2,492,968 223,536 8.97 8.00 -30.82 t
Feb. 2018 115 2,512,001 253,644 10.10 8.00 -30.82 u
k Average rate $20.81, average recent rates $19.79
l Average rate $20.85, average recent rates $19.94
m Average rate $20.77, average recent rates $19.83
n Average rate $21.45, average recent rates $23.89
o Average rate $21.65, average recent rates $25.26
p Average rate $21.77, average recent rates $26.02
q Average rate $21.64, average recent rates $18.98
r Average rate $21.62, average recent rates $24.49
s Average rate $21.65, average recent rates $22.56
t Average rate $21.62, average recent rates $22.29
u Average rate $21.65, average recent rates $22.62
Source: 2/99 to Present: Valbridge Property Advisors/Auble, Jolicoeur & Gentry, Inc. (509-747-0999)
j Average rate $21.17, average recent rates $21.16
Note: The rental basis for the "average" and "average recent rates" is a mix of full-service, modified, and triple net
rents as well as rentable and usable areas. The reates are not adjusted to one specific basis and should only be
considered as an economic indicator.
e Average rate $20.60, average recent rates $21.51
f Average rate $20.55, average recent rates $21.67
g Average rate $20.88, average recent rates $20.83
h Average rate $20.88, average recent rates $22.00
i Average rate $21.03, average recent rates $21.74
SCHEDULED GROSS
RENTAL RATE
$/SF/YR (RANGE)
a Average rate $20.21, average recent rates $20.80
b Average rate $20.18, average recent rates $20.73
c Average rate $20.00, average recent rates $20.86
d Average rate $20.09, average recent rates $21.06
The Real Estate Report Volume 42, Number 1
Spring 2018
201
SURVEY OF MEDICAL OFFICE SPACE IN SPOKANE COUNTY
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
(continued)
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
SURVEY DATE NO.
BLDGS
NET USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
Feb. 1992 15 572,712 45,224 7.90%4.00 -18.50
Oct. 1992 15 573,662 44,026 7.67 11.00 -19.00
Apr. 1994 19 744,412 102,556 13.78 9.25 -19.00
Feb. 1995 20 815,398 94,030 11.53 9.25 -19.00
Dec. 1995 19 813,637 93,223 11.46 10.59 -19.50
Feb. 1997 18 772,828 67,132 8.69 11.75 -21.00
Jan. 1998 21 817,510 69,937 8.55 9.00 -19.80
Feb. 1999 21 821,003 47,846 5.83 9.00 -21.00
Feb. 2000 31 1,051,020 75,228 7.16 9.00 -23.00
Nov. 2000 31 1,051,020 75,228 7.16 9.00 -23.00
Feb. 2001 35 1,108,905 43,962 3.96 11.00 -23.00
Oct. 2001 41 1,105,701 44,998 4.07 11.00 -21.50
Feb. 2002 43 1,165,559 55,737 4.78 11.00 -21.50
Oct. 2002 48 1,232,181 54,732 4.44 11.00 -21.50 a
Feb. 2003 51 1,290,953 45,464 3.52 11.00 -21.50 b
Oct. 2003 51 1,293,888 44,213 3.42 11.00 -21.95 c
Feb. 2004 58 1,332,356 59,039 4.43 8.00 -22.52 d
Oct. 2004 62 1,469,590 76,786 5.22 8.00 -22.52 e
Feb. 2005 65 1,492,216 95,072 6.37 8.00 -23.40 f
Oct. 2005 66 1,511,825 118,992 7.87 8.00 -23.79 g
Feb. 2006 67 1,518,064 142,476 9.39 8.00 -23.79 h
Oct. 2006 70 1,604,639 135,627 8.45 8.00 -24.45 i
Feb. 2007 72 1,658,287 109,116 6.58 8.00 -24.45 j
Oct. 2007 72 1,640,348 117,967 7.19 8.00 -25.46 k
SCHEDULED GROSS
RENTAL RATE
$/SF/YR (RANGE)
Source: 2/92 to 1/98: Kiemle & Hagood Company
(Alison Bantz and Josh Shearer 509-838-6541)
2/99 to present: Auble, Jolicoeur & Gentry, Inc. (509-747-0999)
a Average rate $17.68, average recent rates $19.08
b Average rate $17.78, average recent rates $19.03
c Average rate $17.95, average recent rates $19.01
d Average rate $18.45, average recent rates $19.33
e Average rate $18.45, average recent rates $19.56
f Average rate $18.74, average recent rates $19.62
g Average rate $19.07, average recent rates $19.91
h Average rate $19.41, average recent rates $20.06
i Average rate $19.61, average recent rates $20.37
j Average rate $19.49, average recent rates $19.96
k Average rate $20.09, average recent rates $20.73
The Real Estate Report Volume 42, Number 1
Spring 2018
202
SURVEY OF SUBURBAN RETAIL SPACE IN SPOKANE COUNTY
(CURRENT GEOGRAPHIC AREAS)
INCLUDES SHOPPING CENTERS
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc,
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE
NO.
BLDGS.
NET USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE $/SF/YR
AVERAGE
RECENT
RATE $/SF/YR
Periphery of CBDa
Jan. 1998 2 57,173 1,200 2.10%$11.50 N/A
Feb. 1999 2 57,173 6,000 10.49%$14.50 N/A
Feb. 2000 4 89,041 1,472 1.65%$17.76 N/A
Nov. 2000 4 89,041 1,472 1.65%$17.76 N/A
Feb. 2001 5 118,174 1,472 1.25%$15.94 N/A
Oct. 2001 7 202,437 8,133 4.02%$15.40 $16.63
Feb. 2002 7 202,437 8,053 3.98%$15.40 $16.63
Oct. 2002 5 147,984 633 0.43%$14.46 $20.13
Feb. 2003 6 139,809 10,161 7.27%$13.59 $12.94
Oct. 2003 6 139,756 10,161 7.27%$13.22 $12.65
Feb. 2004 8 154,724 0 0.00%$13.16 $12.57
Oct. 2004 8 154,724 0 0.00%$13.22 $12.65
Feb. 2005 9 197,924 0 0.00%$13.87 $13.38
Oct. 2005 10 201,176 0 0.00%$14.46 $11.56
Feb. 2006 10 201,176 0 0.00%$14.46 $13.01
Oct. 2006 12 228,961 1,500 0.66%$15.81 $14.40
Feb. 2007 12 228,961 1,620 0.71%$15.84 $14.43
Oct. 2007 12 239,765 0 0.00%$16.70 $16.10
Feb. 2008 25 552,377 40,579 7.35%$14.14 $15.19
Oct. 2008 25 551,574 41,595 7.54%$14.17 $17.14
Feb. 2009 32 757,249 43,447 5.74%$12.89 $14.86
Oct. 2009 32 757,249 48,894 6.46%$13.02 $13.58
Feb. 2010 32 755,201 77,460 10.26%$13.10 $12.69
Oct. 2010 32 755,401 99,862 13.22%$12.99 $12.62
Feb. 2011 32 755,397 103,425 13.69%$13.14 $11.96
Oct. 2011 32 739,426 85,190 11.52%$13.13 $13.66
Feb. 2012 34 773,007 100,402 12.99%$14.28 $13.94
Oct. 2012 34 773,007 98,827 12.78%$13.69 $13.20
Feb. 2013 41 806,681 98,841 12.25%$13.22 $13.58
Oct. 2013 43 840,240 100,962 12.02%$13.63 $13.58
Feb. 2014 46 879,544 80,975 9.21%$13.52 $13.84
Oct. 2014 42 849,308 68,146 8.02%$12.47 $10.10
Feb. 2015 45 872,680 73,366 8.41%$12.00 N/A
Oct. 2015 47 947,197 77,206 8.15%$12.72 N/A
Feb. 2016 48 956,571 78,302 8.19%$12.57 N/A
Oct. 2016 57 992,698 77,656 7.82%$12.59 $10.06
Feb. 2017 61 1,029,369 107,552 10.45%$12.66 $7.92
Oct. 2017 63 1,022,862 92,015 9.00%$13.34 $16.35
Feb. 2018 63 1,029,062 57,169 5.56%$13.00 $7.59
a Bounded by Indiana, Havana, 14th, and Spokane River/Latah Creek
Source: 1/98: Kiemle & Hagood Company (Josh Shearer 509-838-6541)
2/99 to Present: Valbridge Property Advisors/Auble, Jolicoeur & Gentry, Inc. (509-747-0999)
The Real Estate Report Volume 42, Number 1
Spring 2018
203
SURVEY OF SUBURBAN RETAIL SPACE IN SPOKANE COUNTY
(CURRENT GEOGRAPHIC AREAS)
INCLUDES SHOPPING CENTERS
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc,
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE
NO.
BLDGS.
NET USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE $/SF/YR
AVERAGE
RECENT
RATE $/SF/YR
Southb
Jan. 1998 12 624,261 57,461 9.20%$12.13 N/A
Feb. 1999 12 632,231 8,511 1.35%$12.67 N/A
Feb. 2000 9 565,831 810 0.14%$12.21 N/A
Nov. 2000 12 639,743 810 0.13%$11.33 N/A
Feb. 2001 13 742,979 99,644 13.41%$13.37 N/A
Oct. 2001 13 895,732 33,072 3.69%$11.37 $12.00
Feb. 2002 13 895,732 98,726 11.02%$13.44 $12.25
Oct. 2002 14 953,773 55,459 5.81%$13.22 $12.45
Feb. 2003 19 1,062,379 46,764 4.40%$12.13 $12.65
Oct. 2003 21 1,108,081 39,187 3.54%$12.18 $12.67
Feb. 2004 22 1,122,395 39,187 3.49%$12.27 $12.63
Oct. 2004 22 1,125,785 16,212 1.44%$12.50 $13.74
Feb. 2005 22 1,129,051 17,037 1.51%$12.80 $14.63
Oct. 2005 23 1,139,895 30,504 2.68%$11.87 $14.85
Feb. 2006 23 1,139,909 42,739 3.75%$11.86 $14.12
Oct. 2006 24 1,155,115 51,475 4.46%$12.09 $13.56
Feb. 2007 24 1,155,242 47,553 4.12%$12.03 $14.73
Oct. 2007 25 1,187,546 41,763 3.52%$12.33 $16.97
Feb. 2008 24 1,026,217 19,135 1.86%$12.64 $16.01
Oct. 2008 24 1,032,544 9,255 0.90%$13.93 $17.92
Feb. 2009 24 1,032,544 12,475 1.21%$13.70 $17.00
Oct. 2009 24 1,034,186 60,839 5.88%$14.34 $16.07
Feb. 2010 24 1,034,186 60,593 5.86%$14.92 $17.68
Oct. 2010 24 1,034,186 52,097 5.04%$14.66 $16.82
Feb. 2011 24 1,056,200 25,229 2.39%$13.89 $16.83
Oct. 2011 24 1,068,604 34,483 3.23%$15.58 $17.07
Feb. 2012 25 1,068,259 31,118 2.91%$15.95 $18.33
Oct. 2012 26 986,421 40,668 4.12%$16.66 $19.73
Feb. 2013 26 989,005 46,628 4.71%$17.13 $22.46
Oct. 2013 26 989,005 40,374 4.08%$16.64 $25.10
Feb. 2014 25 976,792 38,726 3.96%$16.64 $19.09
Oct. 2014 30 1,142,589 48,211 4.22%$18.70 $19.96
Feb. 2015 39 1,162,980 50,114 4.31%$18.77 $23.05
Oct. 2015 40 1,163,329 45,532 3.91%$18.50 N/A
Feb. 2016 41 1,197,522 24,337 2.03%$18.49 $17.22
Oct. 2016 41 1,197,522 15,732 1.31%$18.67 $18.99
Feb. 2017 43 1,228,415 49,892 4.06%$18.77 $20.08
Oct. 2017 43 1,228,955 49,321 4.01%$18.76 $19.97
Feb. 2018 43 1,228,955 76,627 6.24%$18.76 $19.64
bSouth of 14th
Source: 1/98: Kiemle & Hagood Company (Josh Shearer 509-838-6541)
2/99 to Present: Valbridge Property Advisors/Auble, Jolicoeur & Gentry, Inc. (509-747-0999)
The Real Estate Report Volume 42, Number 1
Spring 2018
204
SURVEY OF SUBURBAN RETAIL SPACE IN SPOKANE COUNTY
(CURRENT GEOGRAPHIC AREAS)
INCLUDES SHOPPING CENTERS
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc,
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE
NO.
BLDGS.
NET USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE $/SF/YR
AVERAGE
RECENT
RATE $/SF/YR
Northc
Jan. 1998 20 3,086,875 187,491 6.07%$10.95 N/A
Feb. 1999 20 3,105,237 169,975 5.47%$11.10 N/A
Feb. 2000 20 3,119,450 130,912 4.20%$14.61 N/A
Nov. 2000 21 3,096,402 125,803 4.06%$14.56 N/A
Feb. 2001 24 3,214,681 161,743 5.03%$14.79 N/A
Oct. 2001 36 3,426,315 151,065 4.41%$14.47 $17.19
Feb. 2002 41 3,553,663 204,365 5.75%$14.63 $15.92
Oct. 2002 44 3,684,364 183,032 4.97%$14.47 $16.69
Feb. 2003 56 4,042,081 263,418 6.52%$14.64 $16.29
Oct. 2003 55 4,027,994 285,185 7.08%$14.56 $16.15
Feb. 2004 63 4,068,641 307,721 7.56%$14.52 $16.07
Oct. 2004 66 4,173,979 300,769 7.21%$14.69 $16.31
Feb. 2005 67 4,273,452 288,476 6.75%$14.65 $15.57
Oct. 2005 69 4,302,834 305,845 7.11%$15.43 $17.27
Feb. 2006 69 4,369,151 284,017 6.50%$16.41 $17.46
Oct. 2006 71 4,393,378 368,064 8.38%$16.51 $17.31
Feb. 2007 72 4,364,908 234,407 5.37%$16.53 $17.31
Oct. 2007 73 4,395,412 200,801 4.57%$16.56 $18.00
Feb. 2008 101 4,713,379 293,013 6.22%$16.58 $18.52
Oct. 2008 103 4,726,622 207,090 4.38%$16.79 $19.59
Feb. 2009 115 5,803,582 512,819 8.84%$17.12 $20.25
Oct. 2009 113 5,749,895 517,777 9.00%$15.98 $18.05
Feb. 2010 115 5,815,068 574,784 9.88%$15.89 $17.61
Oct. 2010 115 5,816,206 547,559 9.41%$15.86 $15.44
Feb. 2011 117 5,837,515 554,165 9.49%$15.84 $15.68
Oct. 2011 118 5,862,866 594,428 10.14%$16.07 $18.92
Feb. 2012 118 5,749,616 573,724 9.98%$15.93 $16.24
Oct. 2012 119 5,856,717 578,662 9.88%$16.14 $11.45
Feb. 2013 120 5,906,197 700,955 11.87%$16.32 $12.61
Oct. 2013 121 5,918,763 673,075 11.37%$16.11 $14.19
Feb. 2014 123 5,943,274 654,290 11.01%$16.18 $16.17
Oct. 2014 130 6,010,321 831,763 13.84%$16.25 $13.27
Feb. 2015 166 5,937,665 706,722 11.90%$16.13 $11.76
Oct. 2015 172 5,991,092 688,372 11.49%$16.24 $11.15
Feb. 2016 172 5,958,916 663,293 11.13%$16.51 $12.75
Oct. 2016 175 6,038,334 444,357 7.36%$17.20 $15.64
Feb. 2017 177 6,055,380 490,538 8.10%$17.12 $16.17
Oct. 2017 181 6,060,504 499,400 8.24%$17.28 $17.35
Feb. 2018 185 6,077,264 493,451 8.12%$17.17 $17.49
c North of Indiana
Source: 1/98: Kiemle & Hagood Company (Josh Shearer 509-838-6541)
2/99 to Present: Valbridge Property Advisors/Auble, Jolicoeur & Gentry, Inc. (509-747-0999)
The Real Estate Report Volume 42, Number 1
Spring 2018
205
SURVEY OF SUBURBAN RETAIL SPACE IN SPOKANE COUNTY
(CURRENT GEOGRAPHIC AREAS)
INCLUDES SHOPPING CENTERS
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc,
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE
NO.
BLDGS.
NET USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE $/SF/YR
AVERAGE
RECENT
RATE $/SF/YR
Valleyd
Jan. 1998 8 1,064,100 392,411 36.88%$8.68 N/A
Feb. 1999 7 639,175 102,171 15.98%$10.21 N/A
Feb. 2000 18 947,929 127,095 13.41%$10.86 N/A
Nov. 2000 18 947,929 127,095 13.41%$10.86 N/A
Feb. 2001 21 1,084,185 152,820 14.10%$10.69 N/A
Oct. 2001 37 3,210,781 395,426 12.32%$13.13 $14.96
Feb. 2002 45 3,489,540 454,537 13.03%$13.28 $13.96
Oct. 2002 49 3,563,185 480,931 13.50%$13.22 $13.54
Feb. 2003 56 3,963,067 703,228 17.74%$12.87 $13.23
Oct. 2003 56 4,080,351 713,738 17.49%$12.93 $13.15
Feb. 2004 62 4,185,873 711,290 16.99%$12.72 $13.09
Oct. 2004 66 4,403,313 581,002 13.19%$13.00 $13.20
Feb. 2005 68 4,439,233 556,368 12.53%$13.25 $12.40
Oct. 2005 68 4,309,992 628,132 14.57%$12.84 $12.40
Feb. 2006 68 4,306,187 621,496 14.43%$12.62 $12.43
Oct. 2006 68 4,303,760 629,622 14.63%$12.83 $12.50
Feb. 2007 70 4,379,517 579,183 13.22%$12.90 $12.56
Oct. 2007 73 4,418,909 604,607 13.68%$13.47 $13.74
Feb. 2008 95 4,927,662 628,304 12.75%$12.58 $13.11
Oct. 2008 93 4,922,439 592,775 12.04%$12.68 $12.83
Feb. 2009 103 5,515,418 602,668 10.93%$12.59 $12.69
Oct. 2009 103 5,514,519 603,937 10.95%$12.47 $13.38
Feb. 2010 104 5,518,960 651,593 11.81%$12.48 $11.99
Oct. 2010 103 5,530,133 622,884 11.26%$12.52 $12.62
Feb. 2011 105 5,592,710 594,180 10.62%$12.22 $12.09
Oct. 2011 113 5,659,551 613,048 10.83%$12.25 $15.78
Feb. 2012 114 5,707,980 665,916 11.67%$12.13 $15.96
Oct. 2012 114 5,720,599 710,995 12.43%$11.97 $14.89
Feb. 2013 116 5,919,655 745,782 12.60%$12.20 $11.67
Oct. 2013 117 5,940,517 650,618 10.95%$12.20 $10.26
Feb. 2014 121 5,936,008 567,953 9.57%$12.25 $8.77
Oct. 2014 133 5,969,529 493,676 8.27%$12.25 $11.71
Feb. 2015 161 6,280,609 510,615 8.13%$12.45 $15.13
Oct. 2015 164 6,223,350 450,501 7.24%$12.28 $13.26
Feb. 2016 164 6,209,045 415,278 6.69%$12.27 $11.21
Oct. 2016 163 6,090,488 528,545 8.68%$12.56 $12.58
Feb. 2017 164 6,098,834 493,419 8.09%$12.52 $15.02
Oct. 2017 166 5,976,622 321,788 5.38%$12.79 $13.85
Feb. 2018 170 6,012,189 240,488 4.00%$12.88 $13.79
d East of Havana
Source: 1/98: Kiemle & Hagood Company (Josh Shearer 509-838-6541)
2/99 to Present: Valbridge Property Advisors/Auble, Jolicoeur & Gentry, Inc. (509-747-0999)
The Real Estate Report Volume 42, Number 1
Spring 2018
206
SURVEY OF SUBURBAN RETAIL SPACE IN SPOKANE COUNTY
(CURRENT GEOGRAPHIC AREAS)
INCLUDES SHOPPING CENTERS
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri
(continued)
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc,
Reprinted here with permission.
LOCATION
SURVEY DATE
NO.
BLDGS.
NET USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE $/SF/YR
AVERAGE
RECENT
RATE $/SF/YR
Weste
Feb. 2008 4 51,339 6,700 13.05%$14.59 $15.27
Oct. 2008 4 45,933 6,700 14.59%$14.19 $14.80
Feb. 2009 6 244,662 38,231 15.63%$15.83 $16.00
Oct. 2009 6 244,662 34,942 14.28%$15.71 $15.85
Feb. 2010 6 244,662 30,322 12.39%$15.71 $16.00
Oct. 2010 6 244,662 28,604 11.69%$15.68 $16.48
Feb. 2011 6 247,717 23,497 9.49%$16.25 $18.87
Oct. 2011 6 251,017 19,442 7.75%$15.65 $20.17
Feb. 2012 6 251,017 19,790 7.88%$15.65 $20.41
Oct. 2012 6 251,017 19,790 7.88%$15.40 $20.41
Feb. 2013 6 251,017 20,095 8.01%$15.09 $13.13
Oct. 2013 6 251,017 18,690 7.45%$15.88 $18.21
Feb. 2014 6 249,269 18,690 7.50%$15.92 N/A
Oct. 2014 6 249,269 18,690 7.50%$15.92 N/A
Feb. 2015 6 249,269 18,690 7.50%$15.92 N/A
Oct. 2015 6 249,269 18,442 7.40%$15.81 N/A
Feb. 2016 7 261,397 27,180 10.40%$16.33 N/A
Oct. 2016 12 267,392 27,180 10.16%$16.31 N/A
Feb. 2017 12 267,392 25,680 9.60%$16.86 N/A
Oct. 2017 13 267,788 28,595 10.68%$16.84 N/A
Feb. 2018 13 267,788 16,162 6.04%$16.94 $18.69
e West of Spokane River/Latah Creek
Source: 1/98: Kiemle & Hagood Company (Josh Shearer 509-838-6541)
2/99 to Present: Valbridge Property Advisors/Auble, Jolicoeur & Gentry, Inc. (509-747-0999)
The Real Estate Report Volume 42, Number 1
Spring 2018
207
SURVEY OF SPOKANE COUNTY INDUSTRIAL SPACE
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE
TOTAL
DATABASE
BLDG AREA
(SF)
TOTAL
BLDG. AREA
(SF)
SURVEYED
VACANT
BLDG. AREA
(SF)
SURVEYED
PERCENT
VACANT
BLDG. AREA
(SF)
AVERAGE
RENTAL
RATE
$/SF/MO
OFFICE
AVERAGE
RENTAL RATE
$/SF/MO
WAREHOUSE
AVERAGE
RECENT
RENTAL RATE
$/SF/MO
OFFICE
AVERAGE
RECENT
RENTALRATE
$/SF/MO
WHSE
TOTAL COUNTY
Oct. 2002 1,141 21,645,436 574 14,447,039 2,190,669 15.16%N/A N/A N/A N/A
Feb. 2003 1,019 20,645,873 932 19,416,998 2,547,330 13.12%$0.54 $0.34 $0.63 $0.33
Oct. 2003 996 21,387,616 945 20,713,306 2,656,726 12.83%$0.52 $0.29 $0.56 $0.27
Feb. 2004 973 22,791,579 954 22,468,510 2,588,941 11.52%$0.52 $0.28 $0.56 $0.28
Oct. 2004 1,006 23,995,004 993 23,751,113 1,969,053 8.29%$0.56 $0.32 $0.70 $0.31
Feb. 2005 1,031 24,362,058 1,018 24,137,220 1,979,995 8.20%$0.50 $0.31 $0.51 $0.31
Oct. 2005 1,052 24,531,614 1,041 24,328,676 1,820,347 7.48%$0.53 $0.32 $0.57 $0.32
Feb. 2006 1,072 25,383,969 1,070 25,373,169 1,752,497 6.91%$0.53 $0.31 $0.59 $0.31
Oct. 2006 1,071 25,332,493 1,071 25,332,493 1,699,657 6.71%$0.57 $0.31 $0.59 $0.32
Feb. 2007 1,082 25,610,612 1,081 25,556,612 1,780,123 6.97%$0.57 $0.32 $0.61 $0.31
Oct. 2007 1,084 25,757,767 1,083 25,703,767 1,404,732 5.47%$0.56 $0.32 $0.57 $0.30
Feb. 2008 1,086 25,865,032 1,086 25,865,032 1,455,109 5.63%$0.57 $0.33 $0.59 $0.32
Oct. 2008 1,093 26,122,784 1,093 26,122,784 2,223,454 8.51%$0.57 $0.34 $0.63 $0.34
Feb. 2009 1,168 26,698,853 1,168 26,698,853 2,354,267 8.82%$0.57 $0.36 $0.63 $0.35
Oct. 2009 1,176 26,836,025 1,176 26,836,025 2,734,957 10.19%$0.57 $0.35 $0.64 $0.35
Feb. 2010 1,180 26,823,579 1,180 26,823,579 2,910,251 10.85%$0.58 $0.33 $0.63 $0.34
Oct. 2010 1,167 26,170,765 1,167 26,170,765 2,759,846 10.55%$0.58 $0.32 $0.62 $0.34
Feb. 2011 1,167 26,059,037 1,167 26,059,037 2,568,558 9.86%$0.59 $0.32 $0.64 $0.32
Oct. 2011 1,196 26,541,047 1,196 26,541,047 2,893,880 10.90%$0.60 $0.32 $0.67 $0.32
Feb. 2012 1,198 26,601,615 1,198 26,601,615 2,371,823 8.92%$0.61 $0.30 $0.60 $0.30
Oct. 2012 1,206 27,300,128 1,206 27,300,128 2,351,277 8.61%$0.62 $0.30 $0.55 $0.25
Feb. 2013 1,208 27,321,766 1,208 27,321,766 2,407,435 8.81%$0.62 $0.30 $0.55 $0.25
Oct. 2013 1,228 27,594,012 1,228 27,594,012 2,597,008 9.41%$0.64 $0.30 $0.55 $0.25
Feb. 2014 1,223 27,850,547 1,223 27,850,547 2,156,431 7.74%$0.63 $0.30 $0.59 $0.35
Oct. 2014 1,273 29,023,711 1,273 29,023,711 1,791,925 6.17%$0.61 $0.29 $0.51 $0.29
Feb. 2015 1,237 28,071,864 1,273 28,071,864 1,764,633 6.29%$0.63 $0.31 $0.69 $0.35
Oct. 2015 1,248 28,441,583 1,248 28,441,583 1,374,791 4.83%$0.64 $0.31 $0.78 $0.39
Feb. 2016 1,267 28,725,106 1,267 28,725,106 1,342,124 4.67%$0.64 $0.32 $0.81 $0.30
Oct. 2016 1,291 28,678,167 1,291 28,678,167 1,242,316 4.33%$0.66 $0.32 $0.80 $0.36
Feb. 2017 1,301 28,828,824 1,301 28,828,824 1,001,332 3.47%$0.66 $0.32 $0.89 $0.38
Oct. 2017 1,318 29,129,419 1,318 29,129,419 627,949 2.16%$0.67 $0.33 $0.75 $0.32
Feb. 2018 1,318 29,148,537 1,318 29,148,537 573,157 1.97%$0.70 $0.35 $0.79 $0.37
NO. BLDGS
TOTAL IN
DATABASE
SURVEYED
NO. BLDGS
The Real Estate Report Volume 42, Number 1
Spring 2018
208
SURVEY OF SPOKANE COUNTY INDUSTRIAL SPACE
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
(continued)
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE
TOTAL
DATABASE
BLDG AREA
(SF)
TOTAL
BLDG. AREA
(SF)
SURVEYED
VACANT
BLDG. AREA
(SF)
SURVEYED
PERCENT
VACANT
BLDG. AREA
(SF)
AVERAGE
RENTAL
RATE
$/SF/MO
OFFICE
AVERAGE
RENTAL RATE
$/SF/MO
WAREHOUSE
AVERAGE
RECENT
RENTAL RATE
$/SF/MO
OFFICE
AVERAGE
RECENT
RENTALRATE
$/SF/MO
WHSE
West
Oct. 2002 81 2,624,889 66 1,812,766 164,212 9.06%N/A N/A N/A N/A
Feb. 2003 106 2,491,143 99 2,027,223 220,865 10.89%$0.32 $0.20 $0.56 $0.28
Oct. 2003 91 2,289,236 88 2,265,140 204,526 9.03%$0.45 $0.25 $0.42 $0.28
Feb. 2004 93 2,338,436 93 2,338,436 185,006 7.91%$0.45 $0.23 $0.54 $0.26
Oct. 2004 104 3,003,978 104 3,003,978 145,824 4.85%$0.45 $0.25 $0.42 $0.26
Feb. 2005 105 3,034,291 105 3,034 131,769 4.34%$0.43 $0.23 $0.36 $0.24
Oct. 2005 108 3,034,335 108 3,034,335 99,055 3.26%$0.44 $0.23 $0.37 $0.25
Feb. 2006 108 3,034,335 108 3,034,335 54,035 1.78%$0.44 $0.25 $0.38 $0.25
Oct. 2006 106 3,025,995 106 3,025,995 60,374 2.00%$0.55 $0.28 $0.41 $0.29
Feb. 2007 107 3,190,280 107 3,190,280 121,862 3.82%$0.56 $0.27 $0.47 $0.28
Oct. 2007 107 3,245 107 3,244,966 48,318 1.49%$0.56 $0.28 $0.50 $0.28
Feb. 2008 108 3,256,466 108 3,256,466 69,866 2.15%$0.63 $0.30 $0.59 $0.28
Oct. 2008 112 3,376,204 112 3,376,204 132,658 3.93%$0.49 $0.33 $0.59 $0.29
Feb. 2009 125 3,503,467 125 3,503,467 197,058 5.62%$0.51 $0.34 $0.65 $0.30
Oct. 2009 125 3,503,467 125 3,503,467 239,688 6.84%$0.56 $0.34 $0.65 $0.30
Feb. 2010 125 3,503,467 125 3,503,467 239,379 6.83%$0.58 $0.34 $0.57 $0.33
Oct. 2010 128 3,564,313 128 3,564,313 295,280 8.28%$0.59 $0.33 $0.57 $0.33
Feb. 2011 128 3,565,373 128 3,565,373 269,613 7.56%$0.59 $0.34 $0.63 $0.32
Oct. 2011 128 3,573,604 128 3,573,604 271,203 7.59%$0.60 $0.32 $0.72 $0.33
Feb. 2012 130 3,573,604 130 3,573,604 285,491 7.99%$0.59 $0.30 $0.60 $0.28
Oct. 2012 131 4,176,165 131 4,176,165 271,522 6.50%$0.56 $0.30 $0.32 $0.19
Feb. 2013 132 4,161,098 132 4,161,098 243,760 5.86%$0.57 $0.30 $0.43 $0.22
Oct. 2013 138 4,224,727 138 4,224,727 324,637 7.68%$0.62 $0.31 $0.63 $0.30
Feb. 2014 133 4,169,422 133 4,169,422 204,507 4.90%$0.62 $0.31 $0.50 $0.36
Oct. 2014 136 4,185,103 136 4,185,103 85,998 2.05%$0.61 $0.31 $0.94 $0.32
Feb. 2015 138 4,197,789 138 4,197,789 165,456 3.94%$0.64 $0.31 $1.15 $0.36
Oct. 2015 134 4,219,947 134 4,219,947 94,326 2.24%$0.64 $0.30 $0.67 $0.26
Feb. 2016 136 4,229,875 136 4,229,875 83,301 1.97%$0.64 $0.30 $0.67 $0.29
Oct. 2016 142 4,278,843 142 4,278,843 142,795 3.34%$0.65 $0.30 $0.73 $0.27
Feb. 2017 144 4,395,958 144 4,395,958 188,009 4.28%$0.63 $0.29 $0.73 $0.27
Oct. 2017 148 4,530,470 148 4,530,470 155,798 3.44%$0.63 $0.32 $0.75 $0.35
Feb. 2018 144 4,498,177 144 4,498,177 153,960 3.42%$0.80 $0.37 $0.75 $0.41
NO. BLDGS
TOTAL IN
DATABASE
SURVEYED
NO. BLDGS
The Real Estate Report Volume 42, Number 1
Spring 2018
209
SURVEY OF SPOKANE COUNTY INDUSTRIAL SPACE
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
(continued)
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE
TOTAL
DATABASE
BLDG AREA
(SF)
TOTAL
BLDG. AREA
(SF)
SURVEYED
VACANT
BLDG. AREA
(SF)
SURVEYED
PERCENT
VACANT
BLDG. AREA
(SF)
AVERAGE
RENTAL
RATE
$/SF/MO
OFFICE
AVERAGE
RENTAL RATE
$/SF/MO
WAREHOUSE
AVERAGE
RECENT
RENTAL RATE
$/SF/MO
OFFICE
AVERAGE
RECENT
RENTALRATE
$/SF/MO
WHSE
CBD
Oct. 2002 33 601,841 15 340,094 60,995 17.93%N/A N/A N/A N/A
Feb. 2003 23 368,891 16 262,114 49,100 18.73%N/A $0.16 N/A $0.19
Oct. 2003 17 321,364 16 265,364 56,300 21.22%N/A $0.27 N/A $0.32
Feb. 2004 19 345,730 18 289,730 43,000 14.84%N/A $0.27 N/A $0.32
Oct. 2004 21 363,880 20 307,880 28,800 9.35%N/A $0.28 N/A $0.32
Feb. 2005 21 363,880 20 307,880 28,800 9.35%$0.50 $0.28 $0.54 $0.32
Oct. 2005 23 350,071 22 294,071 12,400 4.22%$0.40 $0.29 $0.37 $0.33
Feb. 2006 22 294,071 22 294,071 5,200 1.77%$0.40 $0.29 $0.37 $0.33
Oct. 2006 22 294,071 22 294,071 5,200 1.77%$0.40 $0.29 $0.37 $0.32
Feb. 2007 20 272,424 20 272,424 15,443 5.67%$0.37 $0.29 $0.37 $0.33
Oct. 2007 20 272,424 20 272,424 29,643 10.88%$0.65 $0.30 $0.65 $0.33
Feb. 2008 20 272,424 20 272,424 36,843 13.52%$0.65 $0.29 $0.65 $0.33
Oct. 2008 20 272,424 20 272,424 22,643 8.31%$0.55 $0.28 $0.65 $0.32
Feb. 2009 21 279,524 21 279,524 22,643 8.10%$0.55 $0.37 $0.65 $0.36
Oct. 2009 21 279,524 21 279,524 22,643 8.10%$0.55 $0.37 $0.65 $0.36
Feb. 2010 21 279,524 21 279,524 15,443 5.52%$0.55 $0.24 $0.65 $0.36
Oct. 2010 21 279,524 21 279,524 23,429 8.38%$0.55 $0.24 $0.65 $0.35
Feb. 2011 20 267,176 20 267,176 39,443 14.76%$0.56 $0.24 $0.68 $0.34
Oct. 2011 20 268,476 20 268,476 39,443 14.69%$0.56 $0.41 $0.68 $0.34
Feb. 2012 21 296,290 21 296,290 15,443 5.21%$0.75 $0.37 $0.68 $0.34
Oct. 2012 21 296,290 21 296,290 26,110 8.81%$0.75 $0.37 N/A N/A
Feb. 2013 21 296,290 21 296,290 27,730 9.36%$0.75 $0.37 N/A N/A
Oct. 2013 24 329,693 24 329,693 41,473 12.58%$0.82 $0.41 $0.87 $0.44
Feb. 2014 24 329,693 24 329,693 33,487 10.16%$0.70 $0.36 $0.63 $0.32
Oct. 2014 27 351,371 27 351,371 39,122 11.13%$0.65 $0.33 N/A N/A
Feb. 2015 25 326,823 25 328,823 37,600 11.43%$0.66 $0.33 N/A N/A
Oct. 2015 25 329,217 25 329,217 37,600 11.42%$0.67 $0.33 N/A N/A
Feb. 2016 26 346,755 26 346,755 52,038 15.01%$0.67 $0.33 N/A N/A
Oct. 2016 21 226,261 21 226,261 27,038 11.95%$0.55 $0.28 N/A N/A
Feb. 2017 21 226,261 21 226,261 17,538 7.75%$0.55 $0.28 N/A N/A
Oct. 2017 23 252,595 23 252,595 1,875 0.74%$0.55 $0.28 N/A N/A
Feb. 2018 23 252,595 23 252,595 9,861 3.90%N/A N/A N/A N/A
NO. BLDGS
TOTAL IN
DATABASE
SURVEYED
NO. BLDGS
The Real Estate Report Volume 42, Number 1
Spring 2018
210
SURVEY OF SPOKANE COUNTY INDUSTRIAL SPACE
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
(continued)
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE
TOTAL
DATABASE
BLDG AREA
(SF)
TOTAL
BLDG. AREA
(SF)
SURVEYED
VACANT
BLDG. AREA
(SF)
SURVEYED
PERCENT
VACANT
BLDG. AREA
(SF)
AVERAGE
RENTAL
RATE
$/SF/MO
OFFICE
AVERAGE
RENTAL RATE
$/SF/MO
WAREHOUSE
AVERAGE
RECENT
RENTAL RATE
$/SF/MO
OFFICE
AVERAGE
RECENT
RENTALRATE
$/SF/MO
WHSE
North
Oct. 2002 159 2,074,014 75 1,021,541 76,996 7.54%N/A N/A N/A N/A
Feb. 2003 136 1,694,220 100 1,395,304 120,359 8.63%$0.46 $0.39 $0.47 $0.37
Oct. 2003 135 2,326,494 106 2,101,259 134,191 6.39%$0.44 $0.32 $0.55 $0.24
Feb. 2004 121 2,444,620 110 2,291,304 174,913 7.63%$0.46 $0.23 $0.55 $0.21
Oct. 2004 126 2,493,167 118 2,357,029 162,583 6.90%$0.46 $0.34 $0.77 $0.37
Feb.2005 132 2,541,377 124 2,405,239 175,797 7.31%$0.48 $0.36 $0.61 $0.35
Oct. 2005 139 2,561,485 131 2,425,347 192,729 7.95%$0.56 $0.36 $0.71 $0.34
Feb. 2006 139 2,553,485 139 2,553,485 186,464 7.30%$0.56 $0.33 $0.72 $0.30
Oct. 2006 139 2,536,170 139 2,536,170 211,159 8.33%$0.51 $0.30 $0.60 $0.28
Feb. 2007 139 2,555,868 139 2,555,868 219,855 8.60%$0.54 $0.32 $0.59 $0.26
Oct. 2007 141 2,591,447 141 2,591,447 152,067 5.87%$0.57 $0.32 $0.60 $0.26
Feb. 2008 141 2,586,817 141 2,586,817 109,910 4.25%$0.62 $0.33 $0.61 $0.25
Oct. 2008 138 2,644,685 138 2,644,685 148,292 5.61%$0.62 $0.33 $0.59 $0.27
Feb. 2009 153 2,742,373 153 2,742,373 215,180 7.85%$0.65 $0.40 $0.61 $0.30
Oct. 2009 155 2,798,955 155 2,798,955 193,438 6.91%$0.62 $0.38 $0.61 $0.30
Feb. 2010 153 2,793,527 153 2,793,527 181,336 6.49%$0.63 $0.38 $0.62 $0.30
Oct. 2010 144 2,649,331 144 2,649,331 190,701 7.20%$0.62 $0.40 $0.66 $0.32
Feb. 2011 148 2,689,177 148 2,689,177 173,428 6.45%$0.64 $0.40 $0.64 $0.30
Oct. 2011 159 2,809,908 159 2,809,908 254,045 9.04%$0.67 $0.37 $0.75 $0.27
Feb. 2012 160 2,811,711 160 2,811,711 241,912 8.60%$0.68 $0.36 $0.65 $0.35
Oct. 2012 160 2,854,222 160 2,854,222 228,384 8.00%$0.67 $0.35 $0.68 $0.36
Feb. 2013 160 2,862,027 160 2,862,027 239,823 8.38%$0.66 $0.35 $0.62 $0.36
Oct. 2013 166 2,892,799 166 2,892,799 228,880 7.91%$0.68 $0.35 $0.64 $0.36
Feb. 2014 164 2,929,986 164 2,929,986 245,750 8.39%$0.66 $0.35 $0.61 $0.38
Oct. 2014 166 2,967,353 166 2,967,353 183,462 6.18%$0.64 $0.39 $0.58 $0.34
Feb. 2015 169 2,975,881 169 2,975,881 160,055 5.38%$0.67 $0.43 $0.70 $0.38
Oct. 2015 169 2,956,930 169 2,956,930 161,544 5.46%$0.67 $0.44 $0.61 $0.47
Feb. 2016 172 2,953,225 172 2,953,225 171,867 5.82%$0.67 $0.46 $0.77 $0.41
Oct. 2016 174 3,005,701 174 3,005,701 162,058 5.39%$0.67 $0.44 N/A $0.45
Feb. 2017 173 2,920,678 173 2,920,678 30,721 1.05%$0.61 $0.42 N/A N/A
Oct. 2017 178 2,941,901 178 2,941,901 40,046 1.36%$0.67 $0.43 $0.61 $0.50
Feb. 2018 178 2,959,159 178 2,959,159 42,713 1.44%$0.61 $0.37 $0.61 $0.50
NO. BLDGS
TOTAL IN
DATABASE
SURVEYED
NO. BLDGS
The Real Estate Report Volume 42, Number 1
Spring 2018
211
SURVEY OF SPOKANE COUNTY INDUSTRIAL SPACE
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
(continued)
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE
TOTAL
DATABASE
BLDG AREA
(SF)
TOTAL
BLDG. AREA
(SF)
SURVEYED
VACANT
BLDG. AREA
(SF)
SURVEYED
PERCENT
VACANT
BLDG. AREA
(SF)
AVERAGE
RENTAL
RATE
$/SF/MO
OFFICE
AVERAGE
RENTAL RATE
$/SF/MO
WAREHOUSE
AVERAGE
RECENT
RENTAL RATE
$/SF/MO
OFFICE
AVERAGE
RECENT
RENTALRATE
$/SF/MO
WHSE
East
Oct. 2002 215 3,191,636 85 1,515,542 351,857 23.22%N/A N/A N/A N/A
Feb. 2003 188 3,217,270 165 2,950,862 355,360 12.04%$0.54 $0.35 $0.80 $0.24
Oct. 2003 191 3,493,395 182 3,277,938 351,913 10.74%$0.58 $0.36 $0.61 $0.18
Feb. 2004 182 3,568,298 178 3,472,945 427,138 12.30%$0.56 $0.31 $0.53 $0.18
Oct. 2004 188 3,660,186 187 3,626,833 326,597 9.01%$0.54 $0.34 $1.51 $0.26
Feb.2005 193 3,752,827 193 3,752,827 336,258 8.96%$0.51 $0.29 $0.43 $0.28
Oct. 2005 196 3,635,576 196 3,635,576 405,222 11.15%$0.53 $0.31 $0.54 $0.32
Feb. 2006 197 3,645,054 197 3,645,054 323,472 8.87%$0.54 $0.30 $0.54 $0.30
Oct. 2006 200 3,626,509 200 3,626,509 305,886 8.43%$0.56 $0.30 $0.57 $0.33
Feb. 2007 202 3,645,879 201 3,591,879 338,683 9.43%$0.57 $0.32 $0.62 $0.34
Oct. 2007 206 3,594,147 205 3,540,147 228,000 6.44%$0.58 $0.33 $0.60 $0.33
Feb. 2008 207 3,660,589 207 3,660,589 199,524 5.45%$0.60 $0.33 $0.62 $0.36
Oct. 2008 208 3,658,802 208 3,658,802 381,875 10.44%$0.66 $0.35 $0.65 $0.37
Feb. 2009 213 3,711,651 213 3,711,651 297,247 8.01%$0.64 $0.36 $0.66 $0.38
Oct. 2009 213 3,710,865 213 3,710,865 222,416 5.99%$0.64 $0.36 $0.66 $0.38
Feb. 2010 214 3,753,531 214 3,753,531 348,610 9.29%$0.63 $0.37 $0.66 $0.38
Oct. 2010 210 3,613,913 210 3,613,913 356,110 9.85%$0.63 $0.34 $0.64 $0.34
Feb. 2011 209 3,620,420 209 3,620,420 352,140 9.73%$0.63 $0.32 $0.59 $0.27
Oct. 2011 212 3,740,710 212 3,740,710 319,744 8.55%$0.59 $0.32 $0.64 $0.32
Feb. 2012 211 3,703,170 211 3,703,170 250,971 6.78%$0.58 $0.31 $0.58 $0.29
Oct. 2012 214 3,817,092 214 3,817,092 399,216 10.46%$0.59 $0.30 $0.40 $0.23
Feb. 2013 214 3,819,606 214 3,819,606 526,190 13.78%$0.58 $0.30 $0.48 $0.25
Oct. 2013 211 3,798,516 211 3,798,516 571,069 15.03%$0.58 $0.30 $0.56 $0.28
Feb. 2014 212 3,974,337 212 3,974,337 444,097 11.17%$0.56 $0.29 $0.50 $0.27
Oct. 2014 208 3,999,173 208 3,999,173 327,314 8.18%$0.56 $0.30 $0.55 $0.32
Feb. 2015 215 4,122,639 215 4,122,639 340,296 8.25%$0.55 $0.30 $0.55 $0.31
Oct. 2015 218 4,208,987 218 4,208,987 360,859 8.57%$0.55 $0.30 $0.56 $0.30
Feb. 2016 224 4,321,461 224 4,321,461 308,290 7.13%$0.55 $0.31 $0.57 $0.31
Oct. 2016 236 4,448,190 236 4,448,190 249,242 5.60%$0.56 $0.33 $0.67 $0.33
Feb. 2017 239 4,481,880 239 4,481,880 213,103 4.75%$0.58 $0.34 $0.85 $0.42
Oct. 2017 242 4,550,770 242 4,550,770 99,250 2.18%$0.60 $0.34 $0.75 $0.36
Feb. 2018 245 4,636,682 245 4,636,682 100,850 2.18%$0.60 $0.35 $0.74 $0.36
NO. BLDGS
TOTAL IN
DATABASE
SURVEYED
NO. BLDGS
The Real Estate Report Volume 42, Number 1
Spring 2018
212
SURVEY OF SPOKANE COUNTY INDUSTRIAL SPACE
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
(continued)
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE
TOTAL
DATABASE
BLDG AREA
(SF)
TOTAL
BLDG. AREA
(SF)
SURVEYED
VACANT
BLDG. AREA
(SF)
SURVEYED
PERCENT
VACANT
BLDG. AREA
(SF)
AVERAGE
RENTAL
RATE
$/SF/MO
OFFICE
AVERAGE
RENTAL RATE
$/SF/MO
WAREHOUSE
AVERAGE
RECENT
RENTAL RATE
$/SF/MO
OFFICE
AVERAGE
RECENT
RENTALRATE
$/SF/MO
WHSE
Valley
Oct. 2002 640 12,581,219 325 9,428,290 1,476,484 15.66%N/A N/A N/A N/A
Feb. 2003 547 11,559,545 533 11,466,691 1,689,031 14.73%$0.56 $0.35 $0.60 $0.36
Oct. 2003 543 11,661,923 534 11,508,401 1,719,761 14.94%$0.51 $0.27 $0.55 $0.30
Feb. 2004 539 12,799,291 536 12,780,891 1,527,849 11.95%$0.51 $0.27 $0.56 $0.32
Oct. 2004 547 13,138,196 544 13,119,796 1,165,350 8.88%$0.59 $0.31 $0.53 $0.33
Feb. 2005 559 13,311,968 555 13,279,268 1,148,707 8.65%$0.51 $0.32 $0.52 $0.32
Oct. 2005 566 13,588,197 564 13,577,397 1,027,506 7.57%$0.51 $0.32 $0.56 $0.33
Feb. 2006 581 13,894,326 579 13,883,526 829,270 5.97%$0.49 $0.31 $0.59 $0.32
Oct. 2006 579 13,887,050 579 13,887,050 961,815 6.93%$0.54 $0.32 $0.59 $0.32
Feb. 2007 590 13,957,983 590 13,957,983 912,577 6.54%$0.53 $0.33 $0.60 $0.31
Oct. 2007 586 14,073,303 586 14,073,363 756,794 5.38%$0.52 $0.32 $0.60 $0.32
Feb. 2008 586 14,107,217 586 14,107,217 888,594 6.30%$0.51 $0.33 $0.60 $0.33
Oct. 2008 593 14,203,377 593 14,203,377 1,461,194 10.29%$0.52 $0.34 $0.60 $0.35
Feb. 2009 628 14,449,966 628 14,449,966 1,500,046 10.38%$0.51 $0.35 $0.58 $0.35
Oct. 2009 634 14,531,342 634 14,531,342 1,912,127 13.16%$0.52 $0.33 $0.59 $0.36
Feb. 2010 639 14,510,163 639 14,510,163 1,822,612 12.56%$0.54 $0.30 $0.59 $0.33
Oct. 2010 638 14,227,679 638 14,227,679 1,649,015 11.59%$0.54 $0.29 $0.58 $0.33
Feb. 2011 636 14,080,866 636 14,080,866 1,504,258 10.68%$0.55 $0.29 $0.60 $0.32
Oct. 2011 651 14,353,163 651 14,353,163 1,792,043 12.49%$0.57 $0.29 $0.59 $0.30
Feb. 2012 651 14,531,773 651 14,531,773 1,462,723 10.07%$0.60 $0.29 $0.58 $0.29
Oct. 2012 655 14,471,292 655 14,471,292 1,223,031 8.45%$0.62 $0.28 $0.64 $0.26
Feb. 2013 656 14,496,947 656 14,496,947 1,164,968 8.04%$0.62 $0.28 $0.61 $0.26
Oct. 2013 664 14,662,479 664 14,662,479 1,218,284 8.31%$0.63 $0.28 $0.67 $0.37
Feb. 2014 666 14,764,230 666 14,764,230 1,115,438 7.56%$0.62 $0.28 $0.64 $0.37
Oct. 2014 670 14,806,012 670 14,806,012 890,654 6.02%$0.62 $0.28 $0.39 $0.28
Feb. 2015 666 14,763,853 666 14,763,853 965,277 6.54%$0.63 $0.28 $0.61 $0.36
Oct. 2015 678 15,043,304 678 15,043,304 665,962 4.43%$0.65 $0.29 $0.91 $0.44
Feb. 2016 685 15,190,592 685 15,190,592 672,128 4.42%$0.65 $0.30 $0.92 $0.27
Oct. 2016 695 15,234,077 695 15,234,077 606,683 3.98%$0.68 $0.31 $0.85 $0.37
Feb. 2017 701 15,318,952 701 15,318,952 481,961 3.15%$0.70 $0.31 $0.95 $0.40
Oct. 2017 705 15,418,235 705 15,418,235 300,980 1.95%$0.70 $0.32 $0.89 $0.36
Feb. 2018 706 15,366,476 706 15,366,476 237,773 1.55%$0.71 $0.34 $0.86 $0.33
NO. BLDGS
TOTAL IN
DATABASE
SURVEYED
NO. BLDGS
The Real Estate Report Volume 42, Number 1
Spring 2018
213
SURVEY OF SPOKANE COUNTY INDUSTRIAL SPACE
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Kiemle & Hagood/
NAI Black/Goodale & Barbieri/Crown West Realty
(continued)
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
LOCATION
SURVEY DATE
TOTAL
DATABASE
BLDG AREA
(SF)
TOTAL
BLDG. AREA
(SF)
SURVEYED
VACANT
BLDG. AREA
(SF)
SURVEYED
PERCENT
VACANT
BLDG. AREA
(SF)
AVERAGE
RENTAL
RATE
$/SF/MO
OFFICE
AVERAGE
RENTAL RATE
$/SF/MO
WAREHOUSE
AVERAGE
RECENT
RENTAL RATE
$/SF/MO
OFFICE
AVERAGE
RECENT
RENTALRATE
$/SF/MO
WHSE
Liberty Lake
Oct. 2002 13 571,837 8 328,806 60,125 18.29%N/A N/A N/A N/A
Feb. 2003 19 1,314,804 19 1,314,804 112,615 8.57%$0.73 $0.42 $0.76 $0.32
Oct. 2003 19 1,295,204 19 1,295,204 190,035 14.67%$0.66 $0.37 $0.76 $0.32
Feb. 2004 19 1,295,204 19 1,295,204 231,035 17.84%$0.66 $0.42 $0.72 $0.33
Oct. 2004 20 1,335,597 20 1,335,597 139,899 10.47%$0.66 $0.42 $0.72 $0.33
Feb. 2005 21 1,357,715 21 1,357,715 158,664 11.69%$0.65 $0.42 $0.72 $0.33
Oct. 2005 20 1,361,950 20 1,361,950 83,435 6.13%$0.83 $0.40 $0.97 $0.35
Feb. 2006 25 1,962,698 25 1,962,698 354,056 18.04%$0.89 $0.34 $0.87 $0.35
Oct. 2006 25 1,962,698 25 1,962,698 155,223 7.91%$0.89 $0.34 $0.97 $0.35
Feb. 2007 24 1,988,178 24 1,988,178 171,703 8.64%$0.89 $0.33 $0.92 $0.34
Oct. 2007 24 1,981,480 24 1,981,480 189,910 9.58%$0.78 $0.40 $0.37 $0.25
Feb. 2008 24 1,981,519 24 1,981,519 150,372 7.59%$0.80 $0.41 $0.37 $0.31
Oct. 2008 22 1,967,292 22 1,967,292 76,792 3.90%$0.90 $0.41 $0.99 $0.35
Feb. 2009 28 2,011,872 28 2,011,872 122,093 6.07%$0.89 $0.43 $0.95 $0.44
Oct. 2009 28 2,011,872 28 2,011,872 144,645 7.19%$0.74 $0.43 $0.95 $0.44
Feb. 2010 28 1,983,367 28 1,983,367 302,871 15.27%$0.74 $0.43 $0.95 $0.44
Oct. 2010 26 1,836,005 26 1,836,005 245,311 13.36%$0.73 $0.44 $0.99 $0.51
Feb. 2011 26 1,836,025 26 1,836,025 229,676 12.51%$0.69 $0.42 $0.99 $0.50
Oct. 2011 26 1,795,186 26 1,795,186 217,402 12.11%$0.70 $0.44 $1.08 $0.54
Feb. 2012 25 1,685,067 25 1,685,067 115,283 6.84%$0.73 $0.33 $0.76 $0.34
Oct. 2012 25 1,685,067 25 1,685,067 203,104 12.05%$0.73 $0.31 $0.55 $0.25
Feb. 2013 25 1,685,798 25 1,685,798 204,964 12.16%$0.73 $0.31 $0.55 $0.25
Oct. 2013 25 1,685,798 25 1,685,798 212,665 12.62%$0.83 $0.31 N/A N/A
Feb. 2014 24 1,682,879 24 1,682,879 113,152 6.72%$0.82 $0.32 N/A N/A
Oct. 2014 24 1,682,879 24 1,682,879 121,523 7.22%$0.82 $0.32 N/A N/A
Feb. 2015 24 1,682,879 24 1,682,879 95,949 5.70%$0.72 $0.31 N/A N/A
Oct. 2015 24 1,683,198 24 1,683,198 54,500 3.24%$0.72 $0.31 N/A N/A
Feb. 2016 24 1,683,198 24 1,683,198 54,500 3.24%$0.72 $0.31 N/A N/A
Oct. 2016 23 1,485,095 23 1,485,095 54,500 3.67%$0.72 $0.31 N/A N/A
Feb. 2017 23 1,485,095 23 1,485,095 70,000 4.71%$0.72 $0.31 N/A N/A
Oct. 2017 22 1,435,448 23 1,435,448 30,000 2.09%$0.72 $0.31 N/A N/A
Feb. 2018 22 1,435,448 22 1,435,448 28,000 1.95%$0.72 $0.31 N/A N/A
NO. BLDGS
TOTAL IN
DATABASE
SURVEYED
NO. BLDGS
214
215
KOOTENAI
COUNTY
216
The Real Estate Report Volume 42, Number 1
Spring 2018
217
POPULATION IN KOOTENAI COUNTY
Source: U.S. Census Bureau
Compiled by: Idaho State Census Data Center, Idaho Dept of Labor; Janell Hyer (208) 332-3570
LOCATION 1980 a 1990 b 2000 c 2010 d 2017 e
Athol 312 346 676 692 757
Coeur d'Alene 22,309 24,563 34,514 44,137 50,665
Dalton Gardens 1,795 1,951 2,278 2,335 2,389
Fernan Lake 178 170 186 169 171
Harrison 260 226 267 203 217
Hauser Lake 305 380 668 678 732
Hayden 2,586 3,744 9,159 13,294 14,693
Hayden Lake 273 338 494 574 613
Heutter 65 82 96 100 109
Post Falls 5,736 7,349 17,247 27,574 33,290
Rathdrum 1,369 2,000 4,816 6,826 8,281
Spirit Lake 834 790 1,376 1,945 2,318
State Line 26 26 28 38 47
Worley 206 182 223 257 261
Unincorporated 23,516 27,648 36,657 39,672 43,094
TOTAL 59,770 69,795 108,685 138,494 157,637
b 1990 Census
c 2000 Census
d 2010 Census
e Estimate, Bureau of the Census
April 1,April 1,April 1,April 1,July 1,
a 1980 Census
The Real Estate Report Volume 42, Number 1
Spring 2018
218
POPULATION PROJECTIONS FOR KOOTENAI COUNTY, 2015-2040
(In Thousands)
Compiled by: Alivia Metts, The Metts Group (208) 277-6940
and Grant Forsyth, Avista Utilities (509) 495-2765
2015 2020 2025 2030 2035 2040
EMSI 2016 150.4 160.1 165.1 N/A N/A N/A
Avista Corp.
(from Global Insight, Inc.)Feb 2018 150.6 167.7 181.4 194.8 209.0 224.3
Population Estimate by Date of Estimate
Year
The Real Estate Report Volume 42, Number 1
Spring 2018
219
POPULATION IN KOOTENAI COUNTY
BY AGE AND SEX
Source: U.S. Census Bureau
Compiled by: Idaho Department of Labor; Regional Economist (208) 457-8789 ext. 4451
0 - 4 8,843 4,590 4,253
5 - 9 8,988 4,662 4,326
10 - 14 10,657 5,451 5,206
15 - 19 9,422 4,949 4,473
20 - 24 8,845 4,518 4,326
25 - 29 8,921 4,375 4,546
30 - 34 8,991 4,518 4,473
35 - 39 8,838 4,805 4,033
40 - 44 8,708 4,088 4,620
45 - 49 9,286 4,447 4,840
50 - 54 10,085 4,805 5,280
55 - 59 9,723 4,590 5,133
60 - 64 10,085 4,805 5,280
65 - 69 8,126 3,873 4,253
70 - 74 5,947 2,940 3,006
75 - 79 4,353 2,080 2,273
80 - 84 2,757 1,291 1,467
85+2,474 861 1,613
Total 145,046 71,718 73,328
MEDIAN 39.4 37.6 41.3
0 - 4 4,955 2,563 2,392 0 - 4 8,963 4,605 4,358
5 - 9 5,559 2,826 2,733 5 - 9 9,466 4,839 4,627
10 - 14 5,410 2,735 2,675 10- 14 9,743 4,978 4,765
15 - 19 4,949 2,607 2,342 15 - 19 9,915 5,128 4,787
20 - 24 3,907 1,925 1,982 20 - 24 8,165 4,121 4,044
25 - 29 4,602 2,265 2,337 25 - 29 8,501 4,189 4,312
30 - 34 5,558 2,648 2,910 30 - 34 8,241 4,094 4,147
35 - 39 5,981 2,891 3,090 35 - 39 8,335 4,234 4,101
40 - 44 5,486 2,737 2,749 40 - 44 8,913 4,411 4,502
45 - 49 4,310 2,180 2,130 45 - 49 9,775 4,701 5,074
50 - 54 3,496 1,767 1,729 50 - 54 10,089 4,851 5,238
55 - 59 3,086 1,497 1,589 55 - 59 9,579 4,586 4,993
60 - 64 3,141 1,558 1,583 60 - 64 8,731 4,229 4,502
65 - 69 3,119 1,420 1,699 65 - 69 6,573 3,198 3,375
70 - 74 2,477 1,113 1,364 70 - 74 4,891 2,440 2,451
75 - 79 1,807 829 978 75 - 79 3,562 1,688 1,874
80 - 84 1,139 458 681 80 - 84 2,629 1,157 1,472
85+ 813 248 565 85+ 2,423 808 1,615
TOTAL 69,795 34,267 35,528 TOTAL 138,494 68,257 70,237
MEDIAN 35.0 34.2 35.7 MEDIAN 38.9 37.7 40.0
2010 CENSUS
AGES TOTAL MALE FEMALE AGES TOTAL MALE FEMALE
1990 CENSUS
2015 American Community Survey
AGES TOTAL MALE FEMALE
The Real Estate Report Volume 42, Number 1
Spring 2018
220
DRIVERS LICENSE SURRENDERS IN STATE OF IDAHO
Source: Idaho Department of Transportation, Economic Research Section Migration/Distribution by
County, www.itd.idaho.gov/dmvdata
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
Idaho State
Year Total
1991 7,294 1,149 2,293 3,957 27,988 N/A
1992 9,756 1,271 3,054 4,958 34,880 24.62 %
1993 11,212 1,190 3,011 5,343 35,763 2.53 %
1994 10,375 1,333 3,290 6,042 36,112 0.98 %
1995 8,460 1,366 3,301 5,693 33,806 (0.39)%
1996 7,097 1,359 3,514 5,458 32,566 (3.67)%
1997 6,293 1,520 3,945 5,461 32,680 0.35 %
1998 5,798 1,528 3,619 5,706 32,673 (0.02)%
1999 5,547 1,395 3,372 5,814 32,285 (1.19)%
2000 5,320 1,335 3,478 5,421 33,004 2.23 %
2001 5,423 1,428 3,555 5,274 33,109 0.32 %
2002 5,997 1,472 3,541 5,823 34,757 4.98 %
2003 7,552 1,546 3,780 5,820 37,344 7.44 %
2004 9,751 1,626 3,790 5,951 41,535 11.22 %
2005 12,387 1,597 3,684 6,515 45,820 10.32 %
2006 11,835 1,560 3,946 6,954 47,217 3.05 %
2007 9,594 1,580 3,861 6,638 43,623 (7.61)%
2008 7,906 1,467 3,530 6,307 39,656 (9.09)%
2009 7,113 1,274 3,162 5,366 35,006 (6.68)%
2010 7,133 1,289 3,224 5,758 36,287 3.66 %
2011 6,078 1,123 2,950 5,731 33,886 (6.62)%
2012 6,334 1,429 3,216 6,109 36,933 9.00 %
2013 7,670 1,449 3,510 6,776 39,804 7.77 %
2014 8,158 1,424 3,473 6,610 41,659 4.66 %
2015 9,705 1,524 3,455 6,784 44,930 7.85 %
2016 10,682 1,547 3,790 7,391 48,473 7.89 %
a New and Returning Residents
Note: Data beginning in 1997 may not be directly comparable to earlier data, because the state discovered
that ID cards and training certificates were erroneously being entered into the data. Corrections were made
back to 1997, but earlier years were not correctable. The average annual overcount for 1997/1998 was 4.3% for
the Idaho State total figures and 2.5% for the Kootenai County figures.
Number of Drivers Licenses Surrendered (From)
California Montana Oregon Washington Total % Change
The Real Estate Report Volume 42, Number 1
Spring 2018
221
DRIVERS LICENSE SURRENDERS IN KOOTENAI COUNTY
Source: Idaho Department of Transportation, Economic Research Section Migration/Distribution by
County, www.itd.idaho.gov/dmvdata
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
Kootenai County
Year
1991 1,244 188 166 918 3,578 N/A %
1992 1,825 238 215 1,107 4,668 30.46 %
1993 2,246 234 257 1,364 5,441 16.56 %
1994 1,892 266 280 1,576 5,302 (2.55)%
1995 1,457 247 244 1,422 4,633 (12.62)%
1996 1,146 253 244 1,380 4,266 (7.92)%
1997 953 288 291 1,427 4,253 (0.30)%
1998 978 263 302 1,464 4,295 0.99 %
1999 853 240 261 1,399 4,027 (6.24)%
2000 776 241 265 1,161 3,772 (6.33)%
2001 834 283 295 1,118 3,860 2.33 %
2002 981 284 302 1,355 4,273 10.69 %
2003 1,278 287 319 1,338 4,779 11.84 %
2004 1,638 334 256 1,305 5,219 9.21 %
2005 1,864 294 276 1,357 5,309 1.72 %
2006 1,383 247 288 1,253 4,708 (11.32)%
2007 1,116 244 244 1,245 4,429 (5.93)%
2008 967 231 269 1,225 4,073 (8.04)%
2009 817 203 200 1,108 3,590 (11.86)%
2010 822 199 223 1,198 3,726 3.79 %
2011 808 213 217 1,267 3,794 1.83 %
2012 889 277 260 1,552 4,549 19.90 %
2013 1,027 315 276 1,733 5,140 12.99 %
2014 1,169 278 321 1,665 5,404 5.14 %
2015 1,339 308 311 1,741 5,882 8.80 %
Total % Change
a New and Returning Residents
Note: Data beginning in 1997 may not be directly comparable to earlier data, because the state discovered that
ID cards and training certificates were erroneously being entered into the data. Corrections were made back to
1997, but earlier years were not correctable. The average annual overcount for 1997/1998 was 4.3% for the Idaho
State total figures and 2.5% for the Kootenai County figures.
Number of Drivers Licenses Surrendered (From)
California Montana Oregon Washington Total
The Real Estate Report Volume 42, Number 1
Spring 2018
222
RESIDENTIAL ELECTRICAL CUSTOMERS KOOTENAI COUNTY
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
YEAR AVISTA
KOOTENAI
ELECTRIC
COOPERATIVE
TOTAL
ANNUAL
PERCENT
CHANGE
1995 29,889 12,466 42,355 5.9
1996 30,799 13,129 43,928 3.7
1997 31,463 13,661 45,124 2.7
1998 32,630 14,166 46,796 3.7
1999 33,523 14,735 48,258 3.1
2000 34,439 15,101 49,542 2.7
2001 35,219 15,708 50,927 2.8
2002 36,032 16,481 52,513 3.1
2003 36,870 17,359 54,229 3.3
2004 38,114 18,436 56,550 4.3
2005 40,767 19,163 59,930 6.0
2006 42,147 19,921 62,068 3.6
2007 43,329 20,318 63,647 2.5
2008 44,103 20,471 64,574 1.5
2009 44,438 20,773 65,211 1.0
2010 44,941 20,860 65,801 0.9
2011 45,286 20,984 66,270 0.7
2012 45,596 20,920 66,516 0.4
2013 45,895 21,154 67,049 0.8
2014 46,821 21,468 68,289 1.8
2015 47,526 21,651 68,765 0.7
2016 48,316 22,573 70,889 2.7
2017 49,414 23,224 72,638 1.0
2018a 49,547 23,654 73,201 1.0
CHANGE
76 - 18a 230.4%327.5%256.6%N/A
a Through March 31, 2018 (Avista figures represent a 12-month moving average)
The Real Estate Report Volume 42, Number 1
Spring 2018
223
RESIDENTIAL ELECTRICAL CUSTOMERS KOOTENAI COUNTY
(continued)
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
YEAR AVISTA
KOOTENAI
ELECTRIC
COOPERATIVE
TOTAL
ANNUAL
PERCENT
CHANGE
1970 N/A 3,590 ------
1971 N/A 3,826 ------
1972 N/A 4,199 ------
1973 N/A 4,619 ------
1974 N/A 4,961 ------
1975 N/A 5,186 ------
1976 14,995 5,533 20,528 ---
1977 15,910 6,006 21,916 6.8
1978 17,049 6,476 23,525 7.3
1979 17,754 6,815 24,569 4.4
1980 18,658 6,991 25,649 4.4
1981 19,043 7,294 26,337 2.7
1982 18,995 7,419 26,414 0.3
1983 19,459 7,660 27,119 2.7
1984 19,882 7,884 27,766 2.4
1985 20,130 8,049 28,179 1.5
1986 20,459 8,238 28,697 1.8
1987 20,576 8,392 28,968 0.9
1988 22,582 8,591 31,173 7.6
1989 22,779 8,853 31,632 1.5
1990 23,557 9,007 32,564 3.0
1991 24,313 9,438 33,751 3.6
1992 25,478 10,128 35,606 5.5
1993 26,693 11,001 37,694 5.9
1994 28,335 11,655 39,990 6.1
The Real Estate Report Volume 42, Number 1
Spring 2018
224
EMPLOYMENT IN KOOTENAI COUNTY
Current Format – In Thousands
Source: Idaho Department of Labor, Regional Economist (208) 457-8789, ext. 3486
(continued)
2005 67.2 64.2 3.0 4.5%51.5 4.5 47.0
2006 68.7 65.1 2.6 3.8%54.2 4.7 49.5
2007 69.4 67.1 2.3 3.4%56.0 4.8 51.2
2008 70.8 66.7 4.1 5.8%56.0 4.7 51.3
2009 71.0 63.8 7.2 10.1%52.0 4.2 47.8
2010 68.9 r 61.3 r 7.5 r 10.9%r 51.3 4.0 47.3
2011 69.3 r 62.3 r 7.0 r 10.1%r 51.4 4.3 47.1
2012 68.6 r 62.6 r 6.0 r 8.8%r 50.8 4.3 46.5
2013 69.4 r 64.3 r 5.1 r 7.3%r 52.9 4.7 48.2
2014 70.6 r 66.5 r 4.1 r 5.8%r 54.7 4.7 50.0
2015 71.9 68.3 3.6 5.0%54.8 4.7 50.0
2016 73.5 70.0 3.5 4.8%54.6 4.8 49.8
2017 75.7 72.8 2.9 3.9%62.2
2018p 75.7 72.5 3.2 4.2%
NOTES:
YEAR CIVILIAN
LABOR FORCE
COMPONENTS OF
CIVILIAN LABOR FORCE PERCENT OF
LABOR FORCE
UNEMPLOYED
NONFARM
WAGE & SALARY
EMPLOYMENT
COMPONENTS OF
NONFARM EMPLOYMENT
Total
Employment
Total
Unemployment Manufacturing Non-Manufacturing
All data is not seasonally adjusted.
"Nonfarm Wage & Salary Employment" is a count of jobs in a county, regardless of where the people who hold them live. An individual who holds
two jobs is counted twice . It reflects jobs held by people who work for wages, salaries, tips, commissions, and other labor income. It does not
include agricultural workers. Manufacturing data is compiled by SIC Code prior to 1991.
"Total Employment" is a count of people living in a county who are employed, regardless of where they are employed. An individual is counted
once, no matter how many jobs he/she holds . Total Employment includes people who are self-employed and unpaid family members who work
several hours in a family farm or business, as well as wage and salary workers. It includes agricultural workers.
r Revised
p Through March 2018
The Real Estate Report Volume 42, Number 1
Spring 2018
225
EMPLOYMENT IN KOOTENAI COUNTY
Current Format – In Thousands
(continued)
Source: Idaho Department of Labor, Regional Economist (208) 457-8789, ext. 3486
1990 34.7 r 32.1 r 2.6 7.5%r 25.0 3.5 21.5
1991 36.2 r 33.3 r 2.9 r 7.9%r 26.1 3.0 23.1
1992 39.5 r 36.4 r 3.1 7.8%r 28.4 3.2 25.2
1993 43.6 r 40.2 r 3.4 7.8%r 30.6 3.4 27.2
1994 46.7 r 43.3 r 3.4 7.3%r 33.8 4.0 29.8
1995 48.5 r 44.8 3.7 r 7.6%r 35.2 4.4 30.8
1996 50.9 r 46.9 r 4.0 7.9%r 36.1 4.3 31.8
1997 54.3 r 49.9 r 4.4 r 8.1%r 37.9 4.5 33.4
1998 55.3 r 51.0 r 4.3 7.9%r 39.0 4.5 34.5
1999 55.7 r 51.5 r 4.2 7.6%r 40.8 4.4 36.4
2000 56.3 r 52.7 r 3.6 r 6.3%r 42.3 4.5 37.8
2001 59.4 55.2 r 4.2 r 7.1%r 43.7 4.2 39.5
2002 60.3 r 56.0 r 4.3 r 7.2%r 44.5 4.0 40.5
2003 61.6 r 57.4 r 4.2 r 6.8%r 45.1 4.1 41.0
2004 63.6 r 59.9 r 3.7 r 5.8%r 48.2 4.1 44.1
NOTES:
YEAR CIVILIAN
LABOR FORCE
COMPONENTS OF
CIVILIAN LABOR FORCE PERCENT OF
LABOR FORCE
UNEMPLOYED
NONFARM
WAGE & SALARY
EMPLOYMENT
COMPONENTS OF
NONFARM EMPLOYMENT
Total
Employment
Total
Unemployment Manufacturing Non-Manufacturing
All data is not seasonally adjusted.
"Nonfarm Wage & Salary Employment" is a count of jobs in a county, regardless of where the people who hold them live. An individual who holds
two jobs is counted twice . It reflects jobs held by people who work for wages, salaries, tips, commissions, and other labor income. It does not
include agricultural workers. Manufacturing data is compiled by SIC Code prior to 1991.
"Total Employment" is a count of people living in a county who are employed, regardless of where they are employed. An individual is counted
once, no matter how many jobs he/she holds . Total Employment includes people who are self-employed and unpaid family members who work
several hours in a family farm or business, as well as wage and salary workers. It includes agricultural workers.
r Revised
a Average of first three quarters for labor force and first two quarters for employment.
The Real Estate Report Volume 42, Number 1
Spring 2018
226
EMPLOYMENT IN KOOTENAI COUNTY
Prior Format – In Thousands
Source: Idaho Department of Labor, Regional Economist (208) 457-8789, ext. 3486
Total
Employment
Total
Unemployment
Total
Non-Farm Other Manufacturing Non-Manufacturing
1970 13.90 12.70 1.20 8.3%8.7 4.1 2.0 6.7
1971 13.90 12.70 1.20 8.7%8.7 3.9 2.2 6.5
1972 15.60 14.40 1.20 7.5%10.0 4.4 2.6 7.4
1973 17.50 16.30 1.20 7.0%11.4 4.9 3.1 8.3
1974 18.70 17.10 1.60 8.4%12.0 5.1 2.9 9.1
1975 19.50 17.20 2.30 11.9%12.1 5.1 2.6 9.5
1976 21.10 19.10 2.00 9.5%13.5 5.6 3.0 10.5
1977 22.70 20.70 2.00 8.8%14.5 6.1 3.2 11.3
1978 24.30 22.40 1.90 8.0%16.5 5.9 3.5 13.0
1979 27.20 25.20 2.00 7.5%18.1 7.1 3.6 14.5
1980 25.80 22.80 3.00 11.7%17.5 5.3 3.1 14.4
1981 25.50 22.70 2.80 11.0%17.2 5.5 3.0 14.2
1982 25.80 22.00 3.80 14.9%16.2 5.7 2.7 13.5
1983 27.80 24.30 3.50 12.7%17.6 6.7 3.2 14.4
1984 29.60 26.90 2.70 9.1%19.4 7.5 3.7 15.7
1985 30.20 27.00 3.20 10.6%19.8 7.2 3.3 16.5
1986 31.40 28.00 3.40 10.8%20.3 7.7 3.2 17.1
1987 31.70 28.60 3.10 9.8%20.8 7.8 3.6 17.2
1988 32.10 29.80 2.30 7.2%21.7 8.1 3.4 18.3
1989 33.80 31.70 2.10 6.2%23.2 8.5 3.5 19.7
COMPONENTS OF
TOTAL NON-FARMYEAR
RESIDENT
CIVILIAN
LABOR FORCE
COMPONENTS OF RESIDENT
CIVILIAN LABOR FORCE PERCENTAGE
UNEMPLOYMENT
COMPONENTS OF
TOTAL EMPLOYMENT
The Real Estate Report Volume 42, Number 1
Spring 2018
227
PERSONAL INCOME IN KOOTENAI COUNTY
Sources: Bureau of Economic Analysis
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
YEAR
2005 3,706.3 29,156
2006 4,086.2 31,243
2007 4,335.9 32,376
2008 4,443.0 32,451
2009 4,327.0 31,702
2010 4,396.0 31,906 r
2011 4,700.0 33,483 r
2012 4,963.6 34,832 r
2013 5,162.6 35,637 r
2014 5,499.6 36,656 r
2015 5,651.5 38,379 r
2016 6,144.7 39,820
r Revised
TOTAL PERSONAL
INCOME (MILLIONS $)
PER CAPITA
INCOME
NOTE: Series revised May 2014 and November 2014 (2001-2012), all the way back to
1969 (Represents Current Dollars)
The Real Estate Report Volume 42, Number 1
Spring 2018
228
PERSONAL INCOME IN KOOTENAI COUNTY
(continued)
Sources: Bureau of Economic Analysis
Compiled by: Grant Forsyth, Avista Corp. (509) 495-2765
YEAR
1970 126.6 3,560
1971 143.0 3,902
1972 165.8 4,229
1973 187.3 4,406
1974 223.3 5,007
1975 253.9 5,360
1976 295.1 6,044
1977 340.3 6,599
1978 408.7 7,380
1979 470.4 8,010
1980 522.8 8,714
1981 571.4 9,394
1982 591.0 9,466
1983 662.4 10,516
1984 733.0 11,193
1985 771.4 11,551
1986 806.5 12,080
1987 838.7 12,677
1988 923.5 13,812
1989 1,031.5 15,228
1990 1,134.7 16,108
1991 1,231.4 16,652
1992 1,403.6 18,093
1993 1,558.8 18,859
1994 1,717.4 19,505
1995 1,848.9 19,950
1996 1,994.3 20,647
1997 2,120.5 21,182
1998 2,317.4 22,561
1999 2,456.6 23,100
2000 2,656.9 24,267
2001 2,825.2 25,328
2002 2,874.8 25,291
2003 3,046.6 26,148
2004 3,374.7 27,889
TOTAL PERSONAL
INCOME (MILLIONS $)
PER CAPITA
INCOME
NOTE: Series revised May 2014, all the way back to 1969 (Represents Current Dollars)
r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
229
TOTAL PERSONAL INCOME IN KOOTENAI COUNTY
AS PROVIDED BY AVISTA CORPORATION
Compiled by: Grant Forsyth, Avista Corp. (509) 495-2765
1980 522.9 11.1
1981 571.5 9.3
1982 591.2 3.4
1983 662.5 12.1
1984 733.2 10.7
1985 771.6 5.2
1986 806.7 4.5
1987 838.9 4.0
1988 923.7 10.1
1989 1,032.2 11.7
1990 1,135.7 10.0
1991 1,231.9 8.5
1992 1,403.7 13.9
1993 1,558.5 11.0
1994 1,716.1 10.1
1995 1,844.7 7.5
1996 1,988.3 7.8
1997 2,112.6 6.3
1998 2,302.0 9.0
1999 2,436.2 5.8
2000 2,620.5 7.6
2001 2,818.3 7.5
2002 2,905.1 3.1
2003 3,064.0 5.5
2004 3,357.2 9.6
2005 3,706.3 10.4
2006 4,086.2 10.3
2007 4,335.9 6.1
2008 4,443.0 2.5
2009 4,327.0 (2.6)
2010 4,396.0 1.6
2011 4,700.0 6.9
2012 4,963.6 5.6
2013 5,162.6 4.0
2014 5,499.6 6.5
2015 5,651.5 5.5
2016 a 5,886.7 4.2 Est.
2017 a 6,154.4 4.5 Est.
2018 a 6,477.2 5.2 Est.
2019 a 6,825.0 5.4 Est.
2020 a 7,188.0 5.3 Est.
2021 a 7,542.2 4.9 Est.
2022 a 7,935.2 5.2 Est.
YEAR PERSONAL INCOME
(MILLIONS $)
RATE OF
CHANGE (%)
a Projections made by Global Insight
r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
230
COMPARATIVE HOUSEHOLD, FAMILY, AND PER CAPITA INCOME
FOR KOOTENAI COUNTY
Sources: U.S. Census Bureau
Compiled by: Meri Berberet, (509)226-2448
TYPE AND LOCATION 1980
CENSUS
1990
CENSUS
2000
CENSUS
2011-2015
ACS
MEDIAN HOUSEHOLD INCOME
United States $17,084 $30,056 $41,994 $53,889
State of Idaho 15,347 25,257 37,572 47,583
Kootenai County 15,183 25,593 37,754 49,403
MEDIAN FAMILY INCOME
United States $20,048 $35,273 $50,046 $66,011
State of Idaho 17,923 29,685 43,490 57,573
Kootenai County 18,095 30,045 42,905 58,966
PER CAPITA INCOMEa
United States $7,400 $14,617 $21,587 $28,930
State of Idaho 6,313 11,575 17,841 23,399
Kootenai County 6,380 12,339 18,430 25,744
a Aggregate household income divided by total population
The Real Estate Report Volume 42, Number 1
Spring 2018
231
DEPOSITS AT FINANCIAL INSTITUTIONS IN KOOTENAI COUNTY
$ Millions
Sources: Federal Home Loan Bank of Seattle (1982-2001); FDIC and NCUA (2002-present)
Compiled by: Phil and Rob Kuharski (2005-2012); Meri Berberet (2013-2016)
Keri Copley, Valbridge Property Advisors (509) 747-0999 (2017-present)
Year
1991 $111.19 $9.80 $427.80 $548.79
1992 ---11.17 595.59 606.76
1993 ---13.41 623.39 636.80
1994 15.59 13.79 696.22 725.60
1995 26.68 13.39 721.91 761.98
1996 40.80 15.68 850.42 906.90
1997 13.95 12.96 879.52 906.43
1998 4.75 17.86 755.99 778.60
1999 41.11 21.69 802.09 864.89
2000 59.56 19.88 842.19 921.63
2001 68.99 21.84 880.18 971.01
2002 105.63 22.42 923.19 1,051.24
2003 126.78 23.57 1,002.26 1,152.61
2004 141.54 18.77 1,129.10 1,289.41
2005 169.91 8.54 1,302.32 1,480.77
2006 114.41 7.91 1,457.98 1,580.30
2007 164.93 7.52 1,528.72 1,701.17
2008 143.32 7.73 1,469.23 1,620.28
2009 63.41 7.84 1,584.53 1,655.78
2010 58.63 7.78 1,778.09 1,844.50
2011 55.45 8.01 1,684.55 1,748.01
2012 N/A 8.50 1,816.69 1,825.19
2013 N/A 8.46 1,860.87 1,869.33
2014 N/A 8.14 2,018.40 2,026.54
2015 N/A N/A 2,181.50 2,181.50
2016 N/A N/A 2,764.14 2,764.14
2017 N/A N/A 3,260.90 3,260.90
b Classified by FHLB of Seattle as “OTS Thrifts” or “FDIC Savings Banks”
Thrift Institutions b Credit Unions Commercial Banks TOTALS
a As of June 30 of each year.
The Real Estate Report Volume 42, Number 1
Spring 2018
232
KOOTENAI COUNTY TAXABLE SALES
Sources: Idaho State Tax Commission
Compiled by: Alivia Metts, The Metts Group (208) 277-6940
% Annual Change
(Kootenai County)
% Annual Change
(State of Idaho)
1982 209,191,027 ---5.5
1983 240,219,575 14.8 8.5
1984 286,666,548 19.3 6.3
1985 291,689,428 1.8 4.3
1986 316,074,946 8.4 0.7
1987 331,915,764 5.0 0.7
1988 360,809,475 8.7 8.8
1989 391,351,675 8.5 11.1
1990 458,783,351 17.2 6.4
1991 522,581,689 13.9 7.5
1992 606,696,420 16.1 11.0
1993 685,781,404 13.0 10.3
1994 758,605,441 10.6 10.4
1995 752,635,754 (0.8)3.9
1996 777,595,993 3.3 5.7
1997 784,296,163 0.9 2.9
1998 810,336,926 3.3 6.2
1999 846,391,627 4.4 8.8
2000 883,556,792 4.5 4.8
2001 935,720,163 5.9 1.8
2002 923,395,375 (1.3)6.7
2003 994,007,517 7.6 4.1
2004 1,034,826,443 4.1 4.2
2005 1,064,289,258 2.8 14.7
2006 1,128,137,116 6.0 5.6
2007 1,217,414,603 7.9 6.5
2008 1,182,778,925 (2.8)(5.4)
2009 1,063,751,572 (10.1)(8.8)
2010 988,814,085 (7.0)(8.0)
2011 1,106,208,540 11.9 (7.0)
2012 1,131,508,950 2.3 0.6
2013 1,290,032,299 14.0 7.5
2014 1,247,082,075 (3.3)6.6
2015 1,213,320,819 (2.7)N/A
2016 b 975,980,460 N/A N/A
Year Taxable Salesa
a Sales figures represent total taxable sales within Kootenai County in all sectors of the economy. Does not
include sales not subject to sales tax, which would include wholesale sales, out of state shipments, trade-in
deductions and sales to exempt purchasers, etc.
b Through third quarter 2016
Due to changes in tax reporting methodology, data beginning with 2001 is not comparable to prior data.
Note: The data reflected in this table differs from editions of The Real Estate Report prior to Fall 1995. The data
source has been changed from The Sales & Marketing Management Survey of Buying Power to the Idaho State
Tax Commission. Also, these figures do not reflect taxable sales from corporations with headquarters located
outside of Kootenai County.
The Real Estate Report Volume 42, Number 1
Spring 2018
233
FORECLOSURE NOTICES OF DEFAULT AND TRUSTEES DEEDS IN KOOTENAI COUNTY
Source: Rocky Mountain Statistics (1991-2010; North Idaho Title (2011-Present)
Compiled by: 1991-2010: Pioneer Title Company of Kootenai County; Heather Wichman & Bernadette Chiappe (208) 664-8254
2011-Present: North Idaho Title, Gavin Jacobson (208) 765-3333
(continued)
January 87 85 58 32 20 21
February 86 73 60 39 31 13
March 103 76 52 40 38 32
April 102 61 48 40 32
May 95 79 49 42 34
June 65 68 38 36 22
July 83 68 57 46 23
August 115 59 38 25 21
September 109 64 57 32 29
October 138 65 42 34 30
November 74 48 36 35 20
December 97 60 44 34 16
TOTALS 1,154 806 579 435 316 66 c
b Imputed
c Through March 2018
2021 2022 2023 2024
a Filings with All Notice of Defaults (may not result in final foreclosure) and Trustees Deeds
MONTH YEAR
2013 2014 2015 2016 2017 2018 2019 2020
The Real Estate Report Volume 42, Number 1
Spring 2018
234
FORECLOSURE NOTICES OF DEFAULT AND TRUSTEES DEEDS IN KOOTENAI COUNTY
(continued)
Source: Rocky Mountain Statistics (1991-2010; North Idaho Title (2011-Present)
Compiled by: 1991-2010: Pioneer Title Company of Kootenai County; Heather Wichman & Bernadette Chiappe (208) 664-8254
2011-Present: North Idaho Title, Gavin Jacobson (208) 765-3333
(continued)
January 57 67 47 32 34 25 68 103 208 247 183 103
February 77 55 41 35 26 26 69 136 177 223 189 137
March 84 73 41 23 44 31 61 127 213 271 206 157
April 85 45 47 51 25 24 67 117 b 229 304 148 135
May 61 70 55 56 39 22 70 107 221 200 153 137
June 88 75 34 35 34 24 66 130 200 233 159 128
July 43 45 40 40 18 30 69 145 265 289 153 135
August 82 59 38 59 28 29 77 108 246 236 177 128
September 39 25 43 43 25 46 61 122 202 217 117 130
October 55 50 46 37 24 51 103 156 272 223 104 130 r
November 62 57 35 31 24 43 93 118 236 201 86 83
December 48 33 38 43 19 71 100 151 251 259 96 79
TOTALS 781 654 505 485 340 422 904 1,520 2,720 2,903 1,771 1,482
b Imputed
MONTH YEAR
2001 2002 2003 2010 2011 2012200420052006200720082009
a Filings with All Notice of Defaults (may not result in final foreclosure) and Trustees Deeds
The Real Estate Report Volume 42, Number 1
Spring 2018
235
FORECLOSURE NOTICES OF DEFAULT AND TRUSTEES DEEDS IN KOOTENAI COUNTY
(continued)
Source: Rocky Mountain Statistics (1991-2010; North Idaho Title (2011-Present)
Compiled by: 1991-2010: Pioneer Title Company of Kootenai County; Heather Wichman & Bernadette Chiappe (208) 664-8254
2011-Present: North Idaho Title, Gavin Jacobson (208) 765-3333
January 14 14 6 5 10 14 42 13 24 26
February 8 4 9 9 4 14 19 14 29 30
March 12 19 12 6 0 16 14 24 28 32
April 14 13 7 5 7 25 22 14 31 32
May 19 14 9 6 10 21 17 30 24 18
June 12 16 3 9 17 30 20 68 34 19
July 14 19 10 11 7 38 25 27 31 21
August 10 4 9 6 21 25 23 42 35 24
September 12 7 5 3 6 26 25 26 36 20
October 9 6 8 9 9 28 23 20 30 24
November 14 12 6 4 10 31 16 23 38 47
December 5 14 5 4 8 28 16 29 19 67
TOTALS 143 142 89 77 109 296 262 340 359 360
b Imputed
MONTH YEAR
1991 1992 1993 1994
a Filings with All Notice of Defaults (may not result in final foreclosure) and Trustees Deeds
1995 1996 1997 1998 1999 2000
The Real Estate Report Volume 42, Number 1
Spring 2018
236
RESIDENTIAL BUILDING PERMITS, KOOTENAI COUNTY
(Number of Units)
Source: Construction Monitor
U.S. Census Bureau C-40 Series (includes imputed data for unreported months)
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
Year
2000 1,174 1,058 14 24 78
2001 1,344 1,083 32 7 222
2002 1,414 1,266 34 10 104
2003 1,837 1,674 34 33 96
2004 2,365 2,090 84 62 129
2005 2,688 2,288 66 51 283
2006 1,599 1,208 70 21 300
2007 1,661 995 50 28 588
2008 774 699 44 19 12
2009 861 761 16 4 80
2010 627 473 6 22 126
2011 626 424 0 4 198
2012 b 879 561 6 10 302
2013 1,278 827 40 0 411
2014 1,051 824 54 0 173
2015 1,414 1,090 28 12 284
2016 1,666 1,296 18 4 348
2017 1,726 1,260 64 3 399
2018 c 557 465 4 3 85
Total
Dwelling Units
Single Family
Units
Duplex
Units
Units in 3 - 4
Unit Structures
Units in 5+
Unit Structures
a Excludes mobile homes; data represents Coeur d'Alene, unincorporated Kootenai County, Dalton Gardens,
Fernan Lake, Harrison, Hayden, Hayden Lake, Post Falls, Rathdrum (since 1982), Spirit Lake (since 1993), and
Worley.
cThrough April 2018
bSince September 2012, area includes only Coeur d'Alene, unincorporated Kootenai County, Dalton Gardens,
Harrison, Hayden, Rathdrum and Post Falls.
The Real Estate Report Volume 42, Number 1
Spring 2018
237
RESIDENTIAL BUILDING PERMITS, KOOTENAI COUNTY
(Number of Units)
(continued)
Source: U.S. Census Bureau C-40 Series (includes imputed data for unreported months)
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
Year
1978 1,230 928 124 59 119
1979 1,324 719 100 126 379
1980 608 467 42 57 42
1981 416 402 14 0 0
1982 312 196 12 0 104
1983 376 342 6 16 12
1984 558 409 24 20 105
1985 539 414 48 4 73
1986 474 367 34 7 66
1987 346 268 4 4 70
1988 299 283 4 12 0
1989 585 353 12 12 208
1990 570 526 16 28 0
1991 1,052 838 74 11 129
1992 1,531 1,196 122 82 131
1993 1,888 1,373 88 96 331
1994 1,525 b 1,123 88 107 207
1995 1,593 1,190 92 127 184
1996 1,389 1,186 36 20 147
1997 1,171 1,042 36 25 68
1998 1,267 1,168 28 11 60
1999 1,367 1,266 30 27 44
Total
Dwelling Units
Single Family
Units
Duplex
Units
Units in 3 - 4
Unit Structures
Units in 5+
Unit Structures
a Excludes mobile homes; data represents Coeur d'Alene, unincorporated Kootenai County, Dalton Gardens,
Fernan Lake, Harrison, Hayden, Hayden Lake, Post Falls, Rathdrum (since 1982), Spirit Lake (since 1993), and
Worley.
b No report submitted for Rathdrum
The Real Estate Report Volume 42, Number 1
Spring 2018
238
RESIDENTIAL BUILDING PERMITS, KOOTENAI COUNTY
(Number of Units)
Source: U.S. Census Bureau C-40 Series (includes imputed data for unreported months)
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
The Real Estate Report Volume 42, Number 1
Spring 2018
239
LOTS PLATTED IN KOOTENAI COUNTY
Source: 1991-2002: Pioneer Title Company of Kootenai County
2003-present: North Idaho Title Company, Gavin Jacobson (208) 765-3333
Year City of
Athol
City of
Coeur
d'Alene
City of
Dalton
Gardens
City of
Harrison
City of
Hauser
City of
Haydena
City of
Post Falls
City of
Rathdrum
City of
Spirit Lake
City of
Bayview
County
(Uninc.)Total
1991 0 63 0 0 0 142 244 0 0 N/A 247 696
1992 0 290 0 0 26 238 514 49 0 N/A 209 1326
1993 25 113 0 0 0 181 552 35 0 N/A 153 1059
1994 42 223 16 0 0 175 371 67 0 N/A 248 1142
1995 0 472 0 0 0 70 241 86 84 N/A 483 1436
1996 0 390 22 0 0 67 222 246 0 N/A 285 1232
1997 0 81 0 0 0 136 240 48 0 N/A 191 777
1998 0 240 0 0 2 122 524 40 26 N/A 229 1183
1999 0 409 0 0 0 150 206 16 17 N/A 296 1094
2000 0 413 0 0 0 99 168 34 0 N/A 275 989
2001 0 249 0 0 0 181 415 4 0 N/A 330 1179
2002 0 222 2 0 0 298 540 81 0 N/A 367 1510
2003 0 711 0 0 0 240 386 3 0 N/A 253 1593
2004 2 594 0 0 0 240 568 4 0 N/A 530 1938
2005 2 738 2 0 0 489 547 179 54 0 606 2617
2006 0 375 0 0 0 360 632 423 30 2 1358 2462
2007 2 214 0 0 0 193 420 32 0 2 497 1360
2008 0 437 0 140 0 55 149 3 8 24 375 1191
2009 0 155 0 0 4 22 76 0 0 0 244 501
2010 0 147 0 0 3 2 113 70 57 0 82 474
2011 0 54 0 0 11 17 129 4 0 0 47 262
2012 0 102 0 0 0 8 63 2 0 1 33 209
2013 0 170 0 0 1 72 38 33 0 0 35 349
2014 0 380 0 0 0 51 164 25 0 0 110 730
2015 0 142 0 0 0 105 207 44 0 0 169 667
2016 0 211 2 0 0 80 276 58 0 0 172 799
2017 0 414 0 0 0 125 547 152 0 0 138 1376
2018b 0 0 0 0 0 18 66 48 0 0 27 159
a Hayden includes both the Cities of Hayden and Hayden Lake
b Through March
Note: Data prior to 1999 may include condominium units created by plat.
The Real Estate Report Volume 42, Number 1
Spring 2018
240
CONDOMINIUM UNITS PLATTED IN KOOTENAI COUNTY
Source: North Idaho Title Company, Gavin Jacobson (208) 765-3333
Year City of
Athol
City of
Coeur
d'Alene
City of
Dalton
Gardens
City of
Hauser
City of
Haydena
City of
Post Falls
City of
Rathdrum
City of
Spirit Lake
City of
Bayview
County
(Uninc.)Total
1999 0 20 0 0 0 0 0 0 0 0 20
2000 0 6 0 0 0 0 4 0 0 0 10
2001 0 41 0 0 0 0 0 0 0 2 43
2002 0 14 0 0 0 0 0 0 0 0 14
2003 0 19 0 0 0 0 0 0 0 2 21
2004 0 7 0 0 0 0 0 0 0 0 7
2005 0 104 0 0 0 0 0 0 0 4 108
2006 0 251 0 0 0 273 12 0 18 38 592
2007 0 237 0 0 48 148 12 0 14 29 488
2008 0 262 0 0 37 32 2 0 28 21 382
2009 0 48 0 0 16 0 0 0 0 0 64
2010 0 26 0 0 0 3 35 0 12 0 76
2011 0 4 0 0 6 6 0 0 0 0 16
2012 0 3 0 0 0 0 0 0 0 2 5
2013 0 0 0 0 0 0 0 0 0 0 0
2014 0 4 0 0 0 0 0 0 0 0 4
2015 0 0 0 0 0 0 0 0 0 0 0
2016 0 0 0 0 0 0 0 0 0 0 0
2017 0 14 0 0 6 0 0 0 0 11 31
2018b 0 0 0 0 0 0 0 0 0 0 0
a Hayden includes both the Cities of Hayden and Hayden Lake
b Through March
The Real Estate Report Volume 42, Number 1
Spring 2018
241
NET ASSESSED PROPERTY VALUE FOR KOOTENAI COUNTY
Source: Kootenai County Assessor's Office, Richard Houser/Idaho State Tax Commission
Compiled by: 1989-2010: Carrie Oja, Century 21/Beutler & Associates
2011-2016: Alivia Metts, The Metts Group (208) 277-6940
2017: Keri Copley, Valbridge Property Advisors (509) 747-0999
1989 2,017,019,881 38.735
1990 2,088,674,926 71,655,045 3.55 41.677
1991 2,344,580,498 255,905,572 12.25 46.520
1992 2,657,110,158 312,529,660 13.33 52.586
1993 3,162,636,167 505,526,009 19.03 61.728
1994 3,439,148,112 276,511,945 8.74 67.316
1995 4,361,502,179 140,769,999 922,354,067 26.82 66.658
1996 4,816,089,675 139,733,926 454,587,496 10.42 72.296
1997 5,178,831,774 157,736,376 362,742,099 7.53 77.643
1998 5,329,803,434 153,030,950 150,971,660 2.92 81.840
1999 5,476,001,716 150,618,331 146,198,282 2.74
2000 5,704,072,710 151,795,513 228,070,994 4.16
2001 6,028,988,746 158,200,814 324,916,036 5.70
2002 6,442,712,142 315,700,000 413,723,396 6.86
2003 6,825,672,101 213,087,878 382,959,959 5.94
2004 7,532,147,124 277,352,223 706,475,023 10.35
2005 10,055,311,957 464,134,465 2,523,164,833 33.50
2006 14,535,837,541 860,451,602 4,480,525,584 44.56
2007 16,570,196,148 844,080,925 2,034,358,607 14.00
2008 15,852,550,437 455,469,494 (717,645,711)(4.33)
2009 14,712,486,462 377,967,076 (1,140,063,975)(7.19)
2010 12,986,645,651 192,863,792 (1,725,840,811)(11.73)
2011 12,157,658,683 192,032,551 (855,495,206)(6.59)
2012 11,275,450,839 156,824,415 (882,207,844)(7.26)
2015 15,789,399,629 306,192,114 4,513,948,790 0.40
2016 14,813,727,419 314,001,780 (975,672,210)0.31
2017 14,713,559,334 290,120,482 (100,168,085)(0.01)
Notes: 1) Prior to 1994 there were no Urban Renewal Districts in Kootenai County
2) Values from 1994 and later do not include the values within the URD's
3) New development value in 2002 includes $135,642,000 from the Co-Gentrix Plant
4) Net taxable does not include Trasient roll, personal property late, or Occupancy rolls.
N/A
N/A
N/A
N/A
a Change in Net Taxable Value
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
% CHANGE FROM
PREVIOUS YEARa
TAX
COLLECTED
($ MILLIONS)
N/A
YEAR NET TAXABLE
VALUE ($)
NEW
DEVELOPMENT
VALUE ($)
$ CHANGE FROM
PREVIOUS YEARa
N/A
N/A
N/A
N/A
N/A
The Real Estate Report Volume 42, Number 1
Spring 2018
242
KOOTENAI COUNTY RESIDENTIAL SALES
The data presented on the following pages is based on the records of the Coeur d'Alene Association of REALTORS'
Multiple Listing Service and does not include data from non-MLS sources. Please note that there are two sections
for reporting sales, one for the current geographic reporting areas (with map), and one for the prior geographic
reporting areas (with map). The “prior” areas extended outside of Kootenai County, while the “current” areas remain
within Kootenai County boundaries.
DEFINITIONS:
Residential Sales Statistics include all single-family residential, mobile homes, farm and ranch, and waterfront
properties. Multi-family units are not included.
CURRENT GEOGRAPHIC AREAS:
1 CDA/FERNAN 6 NE KOOTENAI 11 W CENTRAL KOOTENAI
2 POST FALLS 7 E KOOTENAI E SHOSHONE/E KOOTENAI
3 DALTON/HAYDEN 8 MID CENTRAL KOOTENAI W WEST
4 RATHDRUM/HAUSER/TWIN LK 9 SE KOOTENAI N BONNER/BOUNDARY
5 SPIRIT LAKE 10 SW KOOTENAI S SOUTH
PRIOR GEOGRAPHIC AREAS:
Area 1 = Coeur d'Alene
Area 2 = Post Falls
Area 3 = Dalton Gardens/Hayden Lake
Area North = All properties north of Garwood Road, including properties in Sandpoint and Priest River.
Area East = Boundary line between Range 3W Boise Meridian and Range 2W Boise Meridian (see “prior” map),
includes properties in Wallace and Kellogg.
Area South = All properties south of Spokane River and west of Coeur d'Alene (also south of I-90, east of Coeur
d'Alene).
The Real Estate Report Volume 42, Number 1
Spring 2018
243
CURRENT GEOGRAPHIC AREAS FOR REPORTING RESIDENTIAL SALES
Map compliments of Pioneer Title Co. of Kootenai County
The Real Estate Report Volume 42, Number 1
Spring 2018
244
NUMBER OF KOOTENAI COUNTY RESIDENTIAL SALES
(CURRENT GEOGRAPHIC AREAS)
Source: MLS Records of the Coeur d'Alene Association of REALTORS; Ali Taylor (208) 667-0664
(continued)
AREA
QUARTER
Area 1
1st 168 172 217 219 231 267 241 285
2nd 225 232 338 350 424 407 433
3rd 260 269 359 341 427 459 439
4th 193 245 272 281 321 333 360
Total 846 918 1,186 1,191 1,403 1,466 1,473
Area 2
1st 118 121 136 127 182 194 226 256
2nd 169 171 231 258 308 389 348
3rd 167 169 250 254 303 346 365
4th 123 169 161 207 247 317 321
Total 577 630 778 846 1,040 1,246 1,260
Area 3
1st 81 76 78 80 86 85 127 106
2nd 96 121 140 144 165 164 189
3rd 97 128 126 161 192 203 172
4th 92 86 117 119 126 157 142
Total 366 411 461 504 569 609 630
Area 4
1st 44 39 53 66 73 63 86 89
2nd 52 75 80 97 116 119 149
3rd 81 76 115 101 140 149 150
4th 64 60 76 89 105 114 166
Total 241 250 324 353 434 445 551
Area 5, 6, 7
1st 17 24 31 31 45 33 44 51
2nd 40 30 51 59 69 87 69
3rd 51 48 61 73 78 77 106
4th 30 25 43 47 60 80 68
Total 138 127 186 210 252 277 287
Area 8, 9, 10, 11
1st 14 35 25 26 22 22 30 40
2nd 33 42 56 35 49 57 72
3rd 35 47 59 59 55 73 69
4th 35 49 25 51 48 52 68
Total 117 173 165 171 174 204 239
TOTAL AREA 2,285 2,509 3,100 3,275 3,872 4,247 4,440 827 b
a Limited to Kootenai County b Through First Quarter r Revised
2017 2018201120122013201420152016
The Real Estate Report Volume 42, Number 1
Spring 2018
245
NUMBER OF KOOTENAI COUNTY RESIDENTIAL SALES
(CURRENT GEOGRAPHIC AREAS)
(continued)
Source: MLS Records of the Coeur d'Alene Association of REALTORS; Ali Taylor (208) 667-0664
(continued)
AREA
QUARTER
Area 1
1st 187 241 272 265 194 165 122 192
2nd 281 378 451 320 307 233 199 268
3rd 372 431 445 257 334 259 279 212
4th 302 372 286 201 188 157 268 177
Total 1,142 1,422 1,454 1,043 1,023 814 868 849
Area 2
1st 148 174 245 271 153 121 98 120
2nd 238 340 431 243 236 163 164 213
3rd 259 345 338 230 206 168 217 124
4th 223 278 274 208 142 120 179 135
Total 868 1,137 1,288 952 737 572 658 592
Area 3
1st 98 136 133 140 75 61 34 67
2nd 180 237 211 168 129 76 83 126
3rd 219 227 228 147 117 79 98 81
4th 171 179 143 89 72 75 96 80
Total 668 779 715 544 393 291 311 354
Area 4
1st 48 69 79 59 57 39 22 36
2nd 89 107 141 94 74 68 69 69
3rd 105 134 89 98 87 69 75 61
4th 77 90 79 69 76 46 45 45
Total 319 400 388 320 294 222 211 211
Area 5, 6, 7
1st 38 52 57 35 34 19 21 31
2nd 50 86 90 62 47 26 31 33
3rd 53 75 88 56 45 39 37 36
4th 44 64 58 40 37 25 29 33
Total 185 277 293 193 163 109 118 133
Area 8, 9, 10, 11
1st 35 25 19 23 18 12 5 13
2nd 42 71 57 29 22 19 15 30
3rd 65 60 42 32 41 28 19 31
4th 36 50 36 23 27 10 22 29
Total 178 206 154 107 108 69 61 103
TOTAL AREA 3,360 4,221 4,296 3,159 2,718 2,077 2,227 2,242
a Limited to Kootenai County r Revised
2003 2004 2005 2006 2007 2008 2009 2010
The Real Estate Report Volume 42, Number 1
Spring 2018
246
NUMBER OF KOOTENAI COUNTY RESIDENTIAL SALES
(CURRENT GEOGRAPHIC AREAS)
(continued)
Source: MLS Records of the Coeur d'Alene Association of REALTORS; Ali Taylor (208) 667-0664
AREA
QUARTER
Area 1
1st 116 128 133 109 146 141 123 175
2nd 162 188 182 225 206 197 236 357
3rd 197 180 202 229 226 263 277 287
4th 167 141 136 184 175 152 214 229
Total 642 637 653 747 753 753 850 1,048
Area 2
1st 83 99 76 85 99 115 92 134
2nd 113 154 151 141 157 139 183 232
3rd 164 138 127 133 189 151 163 180
4th 145 93 124 126 143 134 143 160
Total 505 484 478 485 588 539 581 706
Area 3
1st 69 53 80 72 64 58 74 80
2nd 86 95 106 119 129 106 124 189
3rd 113 117 134 155 118 122 137 144
4th 88 68 95 98 76 85 98 100
Total 356 333 415 444 387 371 433 513
Area 4
1st 38 33 28 36 21 35 25 39
2nd 56 40 57 61 46 49 41 73
3rd 58 45 54 61 63 56 52 65
4th 38 28 29 41 49 43 51 66
Total 190 146 168 199 179 183 169 243
Area 5, 6, 7
1st 14 9 13 22 19 16 18 18
2nd 17 23 31 24 33 27 37 37
3rd 18 20 24 37 31 36 37 40
4th 18 18 29 30 25 15 29 28
Total 67 70 97 113 108 94 121 123
Area 8, 9, 10, 11
1st 8 11 9 22 22 16 15 14
2nd 19 19 27 35 26 26 19 38
3rd 23 19 22 43 28 33 35 50
4th 17 12 19 30 27 24 20 29
Total 67 6 77 130 103 99 89 131
TOTAL AREA 1,827 1,731 1,888 2,118 2,118 2,039 2,243 2,764
a Limited to Kootenai County r Revised
2001 2002199519961997199819992000
The Real Estate Report Volume 42, Number 1
Spring 2018
247
AVERAGE PRICE OF KOOTENAI COUNTY RESIDENTIAL SALES
(CURRENT GEOGRAPHIC AREAS)
Source: MLS Records of the Coeur d'Alene Association of REALTORS; Ali Taylor (208) 667-0664
(continued)
AREA 2011 2012 2013 2014 2015 2016 2017 2018
QUARTER
Area 11st 184,088 194,438 211,011 235,414 244,970 247,079 281,873 315,0072nd186,667 215,354 214,579 201,454 235,501 243,985 283,330
3rd 193,391 216,749 221,665 230,085 250,758 269,446 298,6044th179,684 193,232 223,220 249,566 267,358 273,621 315,091Total186,813 205,940 218,053 227,247 249,647 258,533 294,725
Area 2
1st 169,574 170,378 173,381 192,222 200,699 218,982 256,238 279,1772nd157,014 170,689 181,911 203,776 230,630 220,584 257,2503rd170,218 177,368 199,274 233,860 218,382 226,379 266,6604th156,785 176,249 205,091 212,190 261,141 246,328 271,880
Total 163,355 173,913 190,796 213,132 227,713 228,068 263,007
Area 31st 236,364 239,576 240,733 283,738 244,206 301,787 310,707 346,0912nd243,452 225,686 255,475 275,316 343,389 281,795 349,419
3rd 229,723 231,000 272,230 274,709 304,934 320,934 354,010
4th 210,564 239,505 269,558 290,987 327,093 349,810 382,858Total229,978 232,801 261,134 280,159 304,906 313,582 349,249
Area 4
1st 158,852 163,818 178,383 185,832 209,802 228,086 252,151 286,610
2nd 185,736 180,795 185,687 218,816 242,169 215,559 271,7013rd188,151 183,313 186,182 196,534 224,605 219,908 298,9344th195,330 188,144 196,570 210,024 207,986 262,038 281,374Total184,187 180,676 187,221 204,057 221,141 231,398 276,040
Area 5, 6, 71st 157,918 189,535 187,845 219,408 208,326 275,762 260,040 260,8442nd181,920 198,556 189,191 221,479 238,928 195,325 199,4883rd170,039 204,169 201,366 255,538 215,232 201,158 183,314
4th 174,325 193,806 203,489 222,395 247,855 271,812 285,792Total172,922 198,038 196,265 233,218 227,585 236,014 232,159
Area 8, 9, 10, 111st 408,207 323,894 419,032 433,689 621,143 463,871 562,384 711,093
2nd 373,255 450,203 343,513 472,267 614,118 402,250 539,7543rd431,445 555,393 574,478 526,830 463,532 529,326 551,3124th538,696 427,950 476,922 524,123 625,338 451,788 612,305Total442,669 446,924 457,776 500,693 581,033 461,809 566,439
TOTAL AREA 199,788 215,997 225,848 243,904 302,004 288,234 330,270 366,470 b
a Limited to Kootenai County b Through First Quarter r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
248
AVERAGE PRICE OF KOOTENAI COUNTY RESIDENTIAL SALES
(CURRENT GEOGRAPHIC AREAS)
(continued)
Source: MLS Records of the Coeur d'Alene Association of REALTORS; Ali Taylor (208) 667-0664
(continued)
AREA 2003 2004 2005 2006 2007 2008 2009 2010
QUARTER
Area 11st 131,186 152,100 189,228 216,827 256,349 267,057 171,299 190,4872nd142,131 163,629 204,599 251,710 240,997 252,809 200,370 181,744
3rd 141,319 171,872 280,812 243,239 307,351 246,591 216,704 210,973
4th 147,407 179,408 219,672 262,786 284,638 204,202 201,795 192,517
Total 141,469 168,301 228,014 242,894 273,592 244,344 201,974 193,266
Area 21st 133,064 142,481 193,030 227,593 244,934 204,437 187,323 187,3922nd142,168 164,603 206,154 232,206 239,562 200,615 179,037 179,2313rd149,942 161,056 225,079 249,096 268,100 221,722 177,141 176,8964th137,817 175,516 248,272 268,641 201,162 207,276 180,855 176,778Total141,817 162,810 217,584 242,934 241,255 209,020 180,140 179,836
Area 3
1st 186,275 230,295 230,884 384,382 338,329 265,805 235,069 227,929
2nd 209,941 215,652 275,616 303,770 293,296 254,595 241,575 217,992
3rd 207,982 223,050 330,499 327,566 328,292 316,555 248,333 252,6434th203,943 231,980 324,511 389,219 336,456 276,265 278,393 297,681Total204,292 224,116 294,575 344,926 320,216 279,230 254,358 245,810
Area 41st 122,272 148,751 192,754 247,121 241,931 239,843 200,336 194,4652nd139,265 156,048 214,208 230,224 236,886 263,519 211,969 172,7923rd137,014 160,389 237,282 249,671 222,294 296,712 190,871 207,0564th132,690 181,074 240,368 249,787 213,307 191,799 188,892 192,789
Total 133,822 161,874 220,459 243,513 227,451 254,816 198,335 190,660
Area 5, 6, 7
1st 134,439 147,924 181,559 243,606 270,854 273,668 175,282 203,6942nd144,341 172,008 198,037 250,773 239,628 252,148 251,452 201,9443rd153,836 141,711 195,990 259,156 291,587 298,471 216,489 202,2684th122,492 160,497 192,082 237,032 180,058 233,780 180,011 186,720Total139,831 156,624 193,038 249,058 246,698 268,261 209,376 199,203
Area 8, 9, 10, 111st 198,566 257,830 328,942 561,816 558,194 606,283 377,400 429,6042nd259,975 342,222 572,765 735,905 558,943 473,337 462,547 454,378
3rd 284,560 283,290 414,818 493,783 732,955 863,593 439,047 301,425
4th 251,288 278,172 792,809 454,779 598,676 598,250 402,177 511,455
Total 255,121 299,269 551,045 565,645 634,812 672,926 426,475 422,239
TOTAL AREA 159,253 182,139 244,265 271,848 279,314 269,120 209,035 208,642
a Limited to Kootenai County r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
249
AVERAGE PRICE OF KOOTENAI COUNTY RESIDENTIAL SALES
(CURRENT GEOGRAPHIC AREAS)
(continued)
Source: MLS Records of the Coeur d'Alene Association of REALTORS; Ali Taylor (208) 667-0664
AREA 1995 1996 1997 1998 1999 2000 2001 2002
QUARTER
Area 11st 107,644 103,335 107,930 106,673 103,537 113,964 118,650 125,225
2nd 98,795 103,584 99,515 102,846 112,022 120,628 123,065 136,1973rd104,008 111,390 100,594 107,256 116,560 125,417 125,989 134,3294th103,745 104,126 107,811 104,408 111,572 114,048 131,610 140,243
Total 103,281 105,860 103,291 105,141 111,634 119,725 125,530 134,736
Area 2
1st 118,467 109,640 96,766 113,541 123,108 121,360 111,636 126,2372nd111,266 102,947 116,999 114,044 116,110 116,362 120,791 134,6503rd105,917 106,779 118,667 131,063 131,128 126,836 133,833 127,826
4th 104,779 111,389 121,698 123,320 123,183 133,229 150,725 140,757Total108,850 107,031 115,444 121,033 123,836 124,556 130,368 132,697
Area 31st 163,873 128,655 152,145 115,034 162,502 150,156 204,309 155,3612nd139,699 146,324 144,074 144,291 179,371 153,142 161,168 172,620
3rd 153,367 149,424 137,061 137,359 151,011 157,372 176,033 188,3294th172,647 152,341 158,848 152,467 175,533 177,147 173,080 179,526Total146,006 143,600 146,930 138,931 167,180 159,566 175,940 175,684
Area 41st 101,386 91,826 91,327 107,608 99,169 101,109 98,047 106,568
2nd 94,331 96,600 97,210 100,274 105,329 101,414 111,497 118,7163rd87,463 102,574 104,867 105,859 114,016 126,224 122,437 128,4684th108,032 105,211 98,778 124,619 102,415 130,182 126,386 121,078
Total 96,386 99,014 98,961 108,329 106,866 115,708 117,367 120,016
Area 5, 6, 7
1st 107,363 94,167 92,619 112,268 81,213 121,631 94,394 99,7452nd99,782 94,174 94,118 91,728 123,998 124,984 118,220 110,3953rd115,625 107,895 106,739 113,078 105,489 124,224 104,386 117,500
4th 119,600 85,047 91,911 112,533 93,103 80,973 119,393 118,807Total110,947 95,747 96,380 108,241 104,007 117,099 110,726 113,062
Area 8, 9, 10, 111st 123,550 257,000 210,994 201,632 329,476 223,012 189,617 249,5502nd228,321 187,342 184,561 169,143 309,692 258,442 223,163 215,892
3rd 210,891 187,655 244,436 212,334 214,390 246,202 237,257 227,5944th198,718 200,992 219,503 r 193,213 220,065 205,806 285,846 277,772Total202,316 202,686 213,380 194,482 268,879 235,876 237,138 237,654
TOTAL AREA 116,341 115,873 119,709 121,812 132,001 133,409 139,530 144,435
a Limited to Kootenai County r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
250
PRIOR GEOGRAPHIC AREAS FOR REPORTING RESIDENTIAL SALES
The Real Estate Report Volume 42, Number 1
Spring 2018
251
NUMBER OF KOOTENAI COUNTY RESIDENTIAL SALES
Prior Geographic Areas
The Real Estate Report Volume 42, Number 1
Spring 2018
252
AVERAGE PRICE OF KOOTENAI COUNTY RESIDENTIAL SALES
Prior Geographic Areas
The Real Estate Report Volume 42, Number 1
Spring 2018
253
HOUSE PRICE INDEX OF THE FHFA FOR KOOTENAI COUNTY
Source: Federal Housing Finance Agency, www.fhfa.gov
Compiled by: Grant D. Forsyth, Avista Corp., (509) 495-2765
(continued)
YEAR QUARTER
QUARTERLY % CHANGE
FROM SAME QUARTER
OF PREVIOUS YEAR
ANNUAL % CHANGE
2013 1 1.70
2 6.59
3 8.79
4 7.13 6.04
2014 1 8.06
2 7.56
3 6.62
4 6.81 7.25
2015 1 5.64
2 5.91
3 7.47
4 6.71 6.44
2016 1 7.30
2 9.77
3 8.09
4 10.00 8.80
2017 1 9.03
2 11.56
3 13.30
4 10.23 11.06
Note: This index reports repeat sales of existing single-family homes as reported by Fannie Mae or Freddie Mac.
The methodology of creating this report is such that the entire series revises slightly with each report.
The Real Estate Report Volume 42, Number 1
Spring 2018
254
HOUSE PRICE INDEX OF THE FHFA FOR KOOTENAI COUNTY
(continued)
Source: Federal Housing Finance Agency, www.fhfa.gov
Compiled by: Grant D. Forsyth, Avista Corp., (509) 495-2765
(continued)
YEAR QUARTER
QUARTERLY % CHANGE
FROM SAME QUARTER
OF PREVIOUS YEAR
ANNUAL % CHANGE
2005 1 23.94
2 28.38
3 32.30
4 31.84 29.29
2006 1 29.00
2 20.60
3 12.52
4 9.31 17.24
2007 1 5.50
2 2.78
3 1.36
4 0.15 2.41
2008 1 (1.48)
2 (3.19)
3 (6.51)
4 (5.78)(4.24)
2009 1 (5.72)
2 (6.97)
3 (7.61)
4 (10.73)(7.73)
2010 1 (12.77)
2 (9.71)
3 (9.49)
4 (10.04)(10.54)
2011 1 (10.25)
2 (12.42)
3 (9.24)
4 (4.09)(9.08)
2012 1 (0.78)
2 (0.03)
3 0.52
4 0.35 0.01
Note: This index reports repeat sales of existing single-family homes as reported by Fannie Mae or Freddie Mac.
The methodology of creating this report is such that the entire series revises slightly with each report.
The Real Estate Report Volume 42, Number 1
Spring 2018
255
HOUSE PRICE INDEX OF THE FHFA FOR KOOTENAI COUNTY
(continued)
Source: Federal Housing Finance Agency, www.fhfa.gov
Compiled by: Grant D. Forsyth, Avista Corp., (509) 495-2765
YEAR QUARTER
QUARTERLY % CHANGE
FROM SAME QUARTER
OF PREVIOUS YEAR
ANNUAL % CHANGE
1995 1 2.79
2 3.43
3 4.04
4 2.54 3.20
1996 1 8.38
2 2.42
3 (2.00)
4 0.77 2.33
1997 1 (4.49)
2 0.42
3 3.14
4 2.61 0.37
1998 1 5.80
2 3.76
3 3.10
4 2.15 3.68
1999 1 2.86
2 1.36
3 (0.35)
4 (1.59)0.57
2000 1 (2.05)
2 (1.65)
3 3.05
4 1.80 0.25
2001 1 2.98
2 5.49
3 3.33
4 4.93 4.18
2002 1 3.26
2 1.96
3 3.85
4 3.04 3.03
2003 1 3.70
2 4.94
3 4.88
4 6.33 4.97
2004 1 6.39
2 11.12
3 14.90
4 18.17 12.72
Note: This index reports repeat sales of existing single-family homes as reported by Fannie Mae or Freddie Mac.
The methodology of creating this report is such that the entire series revises slightly with each report.
The Real Estate Report Volume 42, Number 1
Spring 2018
256
KOOTENAI COUNTY RESIDENTIAL ACTIVE LISTINGS
The information presented on the next few pages is produced by a special run of MLS data by the Coeur d’Alene
Association of REALTORS. It represents active listings of residential property (both new construction and existing)
for sale in Kootenai County. It reflects active listings at the end of the first and third quarters of each year, beginning
with the third quarter of1997. The information is provided exclusively for The Real Estate Report.
The “current series” began with the Fall 2008 issue, and is split between new construction and existing housing.
It also incorporates the price ranges used in the “Spokane County Unsold Inventory” series. The “Prior Series”
follows, and uses the previous price class breakdowns. The prior series used to be broken down into four
geographic areas within Kootenai County. However, space considerations have led to the consolidation of the
past data to represent the entire county.
Since May 2000, the data represents active listings of residential properties on less than one acre of land. Mobile
homes are not included. Previous to May 2000, the report included a small amount of townhouses/condominiums.
The definition of “average days on market” is the listing date to the transaction closing date. If a listing expires and
is re-listed with another agent, the days on market would reflect the new listing period only.
The Real Estate Report Volume 42, Number 1
Spring 2018
257
KOOTENAI COUNTY NEW CONSTRUCTION RESIDENCE ACTIVE LISTINGS
Current Series
Source: Coeur d’Alene Association of REALTORS; Rick Vernon and Ali Taylor (208) 667-0664
(continued)
Area
12/16/2016 8/21/17 10/17/17 6/11/18 12/16/2016 8/21/17 10/17/17 6/11/18
$90,000 -$99,999 0 0 0 0 0 0
$100,000 -$119,999 0 0 0 0 0 0
$120,000 -$159,999 4 1 0 0 51 177 0 0
$160,000 -$199,999 15 6 6 3 115 68 66 171
$200,000 -$249,999 83 41 40 25 105 102 133 98
$250,000 -$299,999 81 61 61 38 93 126 131 96
$300,000 -$349,999 62 53 73 66 107 99 87 93
$350,000 -$399,999 30 20 30 54 150 105 110 75
$400,000 -$449,999 37 14 34 12 176 112 125 45
$450,000 -$499,999 13 9 23 13 173 130 115 55
$500,000 -$549,999 8 5 17 10 249 78 131 88
$550,000 -$599,999 8 5 9 6 174 76 98 100
$600,000 -$649,999 27 2 0 5 192 113 0 62
$650,000 -$699,999 6 4 5 4 247 171 107 35
$700,000 -$799,999 4 7 11 5 144 99 151 45
$800,000 -$899,999 5 1 7 6 172 153 88 64
$900,000 -$999,999 4 2 9 2 302 35 105 69
$1,000,000 -$1,999,999 6 5 17 10 341 219 199 99
$2,000,000 -$2,999,999 0 0 2 2 173 51
0 0 1 0 173 0
393 236 345 261
N/A $309,355 $344,900 N/A
N/A $370,181 $466,078
174 111 119 78
Number of Listings at Point in Time Average Days on Market at Point in Time
Listing Price Range
Total Countya
$3,000,000 and Over
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
The Real Estate Report Volume 42, Number 1
Spring 2018
258
KOOTENAI COUNTY NEW CONSTRUCTION RESIDENCE ACTIVE LISTINGS
Current Series
(continued)
Source: Coeur d’Alene Association of REALTORS; Rick Vernon and Ali Taylor (208) 667-0664
(continued)
Area
11/11/14 5/22/14 10/7/15 5/25/16 11/11/14 5/22/15 10/7/15 5/25/15
$90,000 -$99,999 0 0 0 0 N/A N/A 0 0
$100,000 -$119,999 0 0 1 0 N/A N/A 13 n/a
$120,000 -$159,999 18 5 7 5 105 40 28 124
$160,000 -$199,999 103 50 42 46 126 117 95 95
$200,000 -$249,999 75 83 83 73 145 126 166 100
$250,000 -$299,999 63 62 55 70 126 135 165 117
$300,000 -$349,999 32 37 37 55 140 113 134 107
$350,000 -$399,999 21 19 20 25 111 87 82 74
$400,000 -$449,999 13 16 17 30 244 181 151 133
$450,000 -$499,999 13 10 9 19 129 177 124 133
$500,000 -$549,999 7 14 8 11 146 181 117 198
$550,000 -$599,999 2 9 13 10 93 113 46 130
$600,000 -$649,999 2 3 3 7 112 142 39 81
$650,000 -$699,999 2 3 3 7 199 72 53 141
$700,000 -$799,999 1 1 3 7 160 100 83 195
$800,000 -$899,999 0 1 1 2 N/A 8 37 198
$900,000 -$999,999 0 0 0 6 N/A N/A 0 106
$1,000,000 -$1,999,999 2 2 1 10 338 362 173 191
$2,000,000 -$2,999,999 0 0 0 1 N/A N/A 0 131
0 0 0 0 N/A N/A 0 0
354 315 303 384
N/A N/A N/A
N/A N/A N/A
136 129 75 119
Average Days on Market at Point in Time
Listing Price Range
Average Market Time
Number of Listings at Point in Time
Total Countya
$3,000,000 and Over
Number of Properties
Median Listing Price
Average Listing Price
The Real Estate Report Volume 42, Number 1
Spring 2018
259
KOOTENAI COUNTY NEW CONSTRUCTION RESIDENCE ACTIVE LISTINGS
Current Series
(continued)
Source: Coeur d’Alene Association of REALTORS; Rick Vernon and Ali Taylor (208) 667-0664
(continued)
Area
10/1/12 5/1/13 11/5/13 6/1/14 10/1/12 5/1/13 11/5/13 6/1/14
$90,000 -$99,999 1 0 0 0 14 N/A N/A N/A
$100,000 -$119,999 4 0 0 1 359 N/A N/A 4
$120,000 -$159,999 67 24 31 14 153 60 95 87
$160,000 -$199,999 81 84 106 70 143 87 116 134
$200,000 -$249,999 58 50 95 80 129 104 121 138
$250,000 -$299,999 22 22 29 36 117 105 150 109
$300,000 -$349,999 7 13 30 18 104 47 116 130
$350,000 -$399,999 7 6 16 22 125 42 113 125
$400,000 -$449,999 1 3 5 16 127 51 127 146
$450,000 -$499,999 3 2 8 7 173 18 82 90
$500,000 -$549,999 0 1 2 7 N/A 62 49 119
$550,000 -$599,999 0 1 3 3 N/A 84 219 59
$600,000 -$649,999 0 0 0 3 N/A N/A N/A 49
$650,000 -$699,999 1 0 2 2 264 N/A 91 37
$700,000 -$799,999 0 0 0 2 N/A N/A N/A 44
$800,000 -$899,999 1 0 1 0 121 N/A 263 N/A
$900,000 -$999,999 0 1 0 0 N/A 75 N/A N/A
$1,000,000 -$1,999,999 0 0 2 2 N/A N/A 232 183
$2,000,000 -$2,999,999 1 1 0 0 397 600 N/A N/A
0 0 0 0 N/A N/A N/A N/A
254 208 330 283
N/A N/A N/A N/A
N/A N/A N/A N/A
143 87 119 125
Number of Listings at Point in Time Average Days on Market at Point in Time
Listing Price Range
Total Countya
$3,000,000 and Over
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
The Real Estate Report Volume 42, Number 1
Spring 2018
260
KOOTENAI COUNTY NEW CONSTRUCTION RESIDENCE ACTIVE LISTINGS
Current Series
(continued)
Source: Coeur d’Alene Association of REALTORS; Rick Vernon and Ali Taylor (208) 667-0664
(continued)
Area
10/1/10 4/7/11 10/1/11 3/31/12 10/1/10 4/7/11 10/1/11 3/31/12
$90,000 -$99,999 0 0 0 1 N/A N/A N/A 70
$100,000 -$119,999 5 4 8 10 76 137 157 45
$120,000 -$159,999 98 92 93 105 117 116 139 123
$160,000 -$199,999 119 119 126 69 114 114 151 155
$200,000 -$249,999 72 50 54 43 145 115 152 174
$250,000 -$299,999 38 16 13 12 160 140 179 143
$300,000 -$349,999 19 9 9 7 159 126 156 47
$350,000 -$399,999 12 11 13 2 153 144 192 16
$400,000 -$449,999 6 5 1 1 177 42 13 30
$450,000 -$499,999 2 1 1 2 177 87 268 43
$500,000 -$549,999 4 0 0 0 180 N/A N/A N/A
$550,000 -$600 6 3 3 1 187 325 339 55
$600,000 -$649,999 1 0 1 1 219 N/A 134 247
$650,000 -$699,999 3 1 2 1 90 201 103 68
$700,000 -$799,999 4 1 2 2 165 17 166 67
$800,000 -$899,999 0 0 1 2 N/A N/A 134 54
$900,000 -$999,999 2 0 0 0 144 N/A N/A N/A
$1,000,000 -$1,999,999 3 0 2 2 160 N/A 86 133
$2,000,000 -$2,999,999 0 0 0 1 N/A N/A N/A 201
0 0 0 0 N/A N/A N/A N/A
394 312 329 262
N/A N/A N/A N/A
N/A N/A N/A N/A
132 118 152 133
Listing Price Range
Number of Listings at Point in Time Average Days on Market at Point in Time
Total Countya
$3,000,000 and Over
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
The Real Estate Report Volume 42, Number 1
Spring 2018
261
KOOTENAI COUNTY NEW CONSTRUCTION RESIDENCE ACTIVE LISTINGS
Current Series
(continued)
Source: Coeur d’Alene Association of REALTORS; Rick Vernon and Ali Taylor (208) 667-0664
Area
10/21/08 3/31/09 9/30/09 3/31/10 10/21/08 3/31/09 9/30/09 3/31/10
$100,000 -$119,999 0 2 3 1 N/A 17 76 138
$120,000 -$159,999 19 26 49 67 56 60 79 99
$160,000 -$199,999 107 20 132 143 99 94 101 130
$200,000 -$249,999 137 30 96 79 122 86 120 105
$250,000 -$299,999 77 20 62 52 133 122 130 150
$300,000 -$349,999 45 7 23 23 142 172 98 185
$350,000 -$399,999 31 2 21 13 128 165 144 122
$400,000 -$449,999 14 3 8 12 138 38 114 112
$450,000 -$499,999 10 4 9 10 149 96 149 106
$500,000 -$549,999 10 3 6 5 100 168 106 66
$550,000 -$600 13 6 8 9 168 228 201 63
$600,000 -$649,999 11 2 6 4 165 117 151 134
$650,000 -$699,999 11 5 9 8 144 55 180 100
$700,000 -$799,999 15 4 5 5 212 144 255 106
$800,000 -$899,999 5 2 4 0 200 41 241 N/A
$900,000 -$999,999 4 0 3 2 119 N/A 379 45
$1,000,000 -$1,999,999 7 2 4 1 195 158 230 70
$2,000,000 -$2,999,999 0 0 1 0 N/A N/A 118 N/A
0 0 0 0 N/A N/A N/A N/A
516 138 449 434
N/A N/A N/A N/A
N/A N/A N/A N/A
126 122 119 121
Number of Listings at Point in Time Average Days on Market at Point in Time
Listing Price Range
Total Countya
$3,000,000 and Over
Number of Properties
Median Listing Price
Average Listing Price
Average Market Time
The Real Estate Report Volume 42, Number 1
Spring 2018
262
KOOTENAI COUNTY EXISTING RESIDENCE ACTIVE LISTINGS
Current Series
Source: Coeur d’Alene Association of REALTORS; Rick Vernon (208) 667-0664
(continued)
Area
12/16/2016 8/21/17 10/17/17 6/11/18 12/16/2016 8/21/17 10/17/17 6/11/18
$30,000 -$39,999 1 0 1 0 16 19 0
$40,000 -$49,999 3 0 1 0 270 50 0$50,000 -$59,999 0 0 2 0 20 0
$60,000 -$69,999 9 2 3 3 134 92 26 29
$70,000 -$79,999 6 0 6 0 95 0 17 0
$80,000 -$89,999 8 1 4 3 110 32 61 261
$90,000 -$99,999 6 1 4 0 97 95 6 0
$100,000 -$119,999 14 2 4 1 89 42 66 220
$120,000 -$159,999 45 19 38 4 111 62 102 50
$160,000 -$199,999 93 77 83 28 101 51 69 45
$200,000 -$249,999 109 183 228 94 76 43 70 40
$250,000 -$299,999 110 109 185 106 84 48 84 40
$300,000 -$349,999 68 81 169 62 124 58 84 35$350,000 -$399,999 59 58 120 58 131 61 119 40
$400,000 -$449,999 26 32 92 28 135 63 93 52
$450,000 -$499,999 34 24 85 25 160 62 100 40$500,000 -$549,999 26 12 59 13 149 55 118 39$550,000 -$599,999 35 24 61 11 146 65 131 29
$600,000 -$649,999 28 5 28 15 166 166 117 72
$650,000 -$699,999 38 9 40 7 162 69 124 124$700,000 -$799,999 21 14 60 20 203 137 132 83$800,000 -$899,999 23 5 47 9 205 144 143 44
$900,000 -$999,999 26 3 37 3 207 241 150 136
$1,000,000 -$1,999,999 55 31 117 31 186 198 170 91$2,000,000 -$2,999,999 24 6 30 8 265 150 207 17617333328939240134
884 701 1,537 532
N/A $285,000 $359,900
N/A $408,509 $605,013 148 64 97 77
Number of Listings at Point in Time Average Days on Market at Point in Time
Listing Price Range
Total Countya
$3,000,000 and Over
Number of Properties
Median Listing Price
Average Listing Price Average Market Time
The Real Estate Report Volume 42, Number 1
Spring 2018
263
KOOTENAI COUNTY EXISTING RESIDENCE ACTIVE LISTINGS
Current Series
(continued)
Source: Coeur d’Alene Association of REALTORS; Rick Vernon (208) 667-0664
(continued)
11/11/14 5/22/15 10/7/15 5/25/16 11/11/14 5/22/15 10/7/15 5/25/16
$30,000 -$39,999 0 0 0 1 N/A N/A N/A 47$40,000 -$49,999 0 0 0 6 N/A N/A 0 94$50,000 -$59,999 0 1 0 9 N/A 4 0 53
$60,000 -$69,999 1 1 0 10 475 21 0 51$70,000 -$79,999 1 1 0 10 63 44 0 44$80,000 -$89,999 3 6 2 5 92 80 35 126
$90,000 -$99,999 0 2 1 7 N/A 20 44 113$100,000 -$119,999 10 8 3 20 107 64 35 80$120,000 -$159,999 113 83 59 87 89 63 42 70
$160,000 -$199,999 146 152 154 179 89 61 76 59
$200,000 -$249,999 120 144 195 185 93 49 93 51
$250,000 -$299,999 78 72 146 175 107 58 111 59
$300,000 -$349,999 53 63 102 123 125 87 115 66
$350,000 -$399,999 38 44 96 126 123 89 122 88
$400,000 -$449,999 11 16 33 65 121 52 79 79
$450,000 -$499,999 14 26 23 63 179 89 122 71
$500,000 -$549,999 11 9 24 44 127 70 157 90
$550,000 -$599,999 8 9 11 58 134 86 31 99
$600,000 -$649,999 5 6 6 34 124 58 36 137
$650,000 -$699,999 9 14 4 56 139 83 63 122
$700,000 -$799,999 10 13 7 45 135 112 62 134
$800,000 -$899,999 3 4 5 35 146 13 129 120
$900,000 -$999,999 1 0 1 26 256 N/A 91 114
$1,000,000 -$1,999,999 2 4 6 76 164 32 172 103
$2,000,000 -$2,999,999 4 0 0 28 143 N/A 0 122
0 1 1 25 N/A 37 88 170
641 679 879N/A N/A N/AN/A N/A N/A 104 65 68
Average Days on Market at Point in Time
Listing Price Range
Average Market Time
Number of Listings at Point in Time
Total Countya
$3,000,000 and Over
Number of Properties Median Listing Price Average Listing Price
The Real Estate Report Volume 42, Number 1
Spring 2018
264
KOOTENAI COUNTY EXISTING RESIDENCE ACTIVE LISTINGS
Current Series
(continued)
Source: Coeur d’Alene Association of REALTORS; Rick Vernon (208) 667-0664
(continued)
10/1/12 5/1/13 11/5/13 6/1/14 10/1/12 5/1/13 11/5/13 6/1/14
$30,000 -$39,999 0 0 0 0 N/A N/A N/A N/A$40,000 -$49,999 1 1 0 0 363 174 N/A N/A$50,000 -$59,999 2 0 1 0 70 N/A 36 N/A
$60,000 -$69,999 0 2 2 4 N/A 43 82 129$70,000 -$79,999 6 1 1 1 74 118 32 41$80,000 -$89,999 4 6 5 5 485 59 65 132
$90,000 -$99,999 17 5 9 3 80 164 44 177$100,000 -$119,999 24 15 12 18 47 73 77 113$120,000 -$159,999 88 76 94 104 92 82 95 67
$160,000 -$199,999 95 114 135 181 99 60 82 69$200,000 -$249,999 72 65 95 130 120 91 111 80$250,000 -$299,999 60 54 63 86 127 89 95 85
$300,000 -$349,999 25 21 38 70 140 106 110 73
$350,000 -$399,999 28 29 31 56 107 85 122 108
$400,000 -$449,999 11 12 18 24 119 123 106 93
$450,000 -$499,999 18 11 15 12 73 111 112 92
$500,000 -$549,999 5 8 12 16 204 86 109 80
$550,000 -$599,999 6 11 11 13 198 78 77 82
$600,000 -$649,999 6 3 5 2 218 80 78 155
$650,000 -$699,999 6 5 6 16 95 64 120 58
$700,000 -$799,999 5 8 5 11 128 81 173 104
$800,000 -$899,999 0 2 5 8 N/A 197 128 65
$900,000 -$999,999 2 1 2 3 337 117 107 113
$1,000,000 -$1,999,999 3 1 1 4 276 7 92 39
$2,000,000 -$2,999,999 0 0 0 4 N/A N/A N/A 26
0 0 1 0 N/A N/A 63 N/A
484 451 567 771
N/A N/A N/A N/A
N/A N/A N/A N/A 113 82 97 80
$3,000,000 and Over
Number of Properties
Median Listing Price
Average Listing Price Average Market Time
Number of Listings at Point in Time Average Days on Market at Point in Time
Listing Price Range
Total Countya
The Real Estate Report Volume 42, Number 1
Spring 2018
265
KOOTENAI COUNTY EXISTING RESIDENCE ACTIVE LISTINGS
Current Series
(continued)
Source: Coeur d’Alene Association of REALTORS; Rick Vernon (208) 667-0664
(continued)
10/1/10 4/7/11 10/1/11 3/31/12 10/1/10 4/7/11 10/1/11 3/31/12
$30,000 -$39,999 0 0 0 0 N/A N/A N/A N/A$40,000 -$49,999 0 0 1 0 N/A N/A N/A N/A$50,000 -$59,999 2 2 1 1 29 141 8 41
$60,000 -$69,999 2 2 2 4 75 151 84 146$70,000 -$79,999 3 6 8 4 99 59 71 85$80,000 -$89,999 9 6 14 7 84 94 107 243
$90,000 -$99,999 13 16 8 12 96 150 70 78$100,000 -$119,999 38 47 41 21 52 70 84 60$120,000 -$159,999 229 167 157 120 82 76 93 92
$160,000 -$199,999 179 129 128 90 74 59 100 78$200,000 -$249,999 90 84 105 67 119 88 121 89$250,000 -$299,999 77 64 53 40 115 114 121 113
$300,000 -$349,999 45 28 30 27 118 117 129 147
$350,000 -$399,999 43 36 25 21 157 131 152 89
$400,000 -$449,999 17 15 13 10 140 162 149 131
$450,000 -$499,999 18 17 16 15 135 182 188 196
$500,000 -$549,999 6 7 6 3 94 122 96 55
$550,000 -$599,999 17 9 9 7 202 85 155 87
$600,000 -$649,999 2 7 5 3 134 112 182 89
$650,000 -$699,999 17 9 6 6 208 122 120 121
$700,000 -$799,999 12 6 6 6 125 138 128 123
$800,000 -$899,999 3 3 5 2 110 110 132 28
$900,000 -$999,999 3 1 0 0 124 7 N/A N/A
$1,000,000 -$1,999,999 3 6 8 5 152 118 158 233
$2,000,000 -$2,999,999 0 0 0 0 N/A N/A N/A N/A
0 0 0 0 N/A N/A N/A N/A
828 667 647 471
N/A N/A N/A N/A
N/A N/A N/A N/A 101 91 111 100
Number of Properties
Median Listing Price
Average Listing Price Average Market Time
Average Days on Market at Point in Time
Listing Price Range
Total Countya
Number of Listings at Point in Time
$3,000,000 and Over
The Real Estate Report Volume 42, Number 1
Spring 2018
266
KOOTENAI COUNTY EXISTING RESIDENCE ACTIVE LISTINGS
Current Series
(continued)
Source: Coeur d’Alene Association of REALTORS; Rick Vernon (208) 667-0664
10/21/08 3/31/09 9/30/09 3/31/10 10/21/08 3/31/09 9/30/09 3/31/10
$30,000 -$39,999 0 0 0 0 N/A N/A N/A N/A$40,000 -$49,999 0 0 0 1 N/A N/A N/A 34$50,000 -$59,999 0 0 0 1 N/A N/A N/A 19
$60,000 -$69,999 0 0 0 3 N/A N/A N/A 130$70,000 -$79,999 1 0 4 2 143 N/A 79 134$80,000 -$89,999 1 2 3 3 45 135 50 125
$90,000 -$99,999 1 2 11 5 133 139 60 161$100,000 -$119,999 3 15 27 26 144 92 69 34$120,000 -$159,999 102 122 161 185 91 71 81 72
$160,000 -$199,999 211 177 236 218 64 74 68 57$200,000 -$249,999 156 126 139 115 111 114 122 110$250,000 -$299,999 103 81 92 84 114 126 140 136
$300,000 -$349,999 65 44 52 42 131 124 116 98
$350,000 -$399,999 43 36 44 43 135 124 153 111
$400,000 -$449,999 34 18 26 9 123 82 157 112
$450,000 -$499,999 29 22 25 29 121 153 151 83
$500,000 -$549,999 9 5 6 4 142 119 185 96
$550,000 -$599,999 13 12 11 10 180 95 152 115
$600,000 -$649,999 9 5 2 5 119 127 121 172
$650,000 -$699,999 10 10 16 11 138 201 122 148
$700,000 -$799,999 19 6 9 10 167 128 153 144
$800,000 -$899,999 9 10 7 4 183 138 256 71
$900,000 -$999,999 4 3 3 3 200 158 247 143
$1,000,000 -$1,999,999 11 3 3 4 134 203 131 129
$2,000,000 -$2,999,999 0 0 0 0 N/A N/A N/A N/A
0 0 0 0 N/A N/A N/A N/A
833 699 877 817
N/A N/A N/A N/A
N/A N/A N/A N/A 105 101 105 88
Median Listing Price
Average Listing Price Average Market Time
Listing Price Range
Total Countya
$3,000,000 and Over
Number of Properties
Number of Listings at Point in Time Average Days on Market at Point in Time
The Real Estate Report Volume 42, Number 1
Spring 2018
267
KOOTENAI COUNTY RESIDENTIAL ACTIVE LISTINGS
Prior Series – New Construction and Existing Homes Combined
(continued)
The Real Estate Report Volume 42, Number 1
Spring 2018
268
KOOTENAI COUNTY RESIDENTIAL ACTIVE LISTINGS
Prior Series – New Construction and Existing Homes Combined
(continued)
(continued)
The Real Estate Report Volume 42, Number 1
Spring 2018
269
KOOTENAI COUNTY RESIDENTIAL ACTIVE LISTINGS
Prior Series – New Construction and Existing Homes Combined
(continued)
(continued)
The Real Estate Report Volume 42, Number 1
Spring 2018
270
KOOTENAI COUNTY RESIDENTIAL ACTIVE LISTINGS
Prior Series – New Construction and Existing Homes Combined
(continued)
(continued)
The Real Estate Report Volume 42, Number 1
Spring 2018
271
KOOTENAI COUNTY RESIDENTIAL ACTIVE LISTINGS
Prior Series – New Construction and Existing Homes Combined
(continued)
(continued)
The Real Estate Report Volume 42, Number 1
Spring 2018
272
KOOTENAI COUNTY RESIDENTIAL ACTIVE LISTINGS
Prior Series – New Construction and Existing Homes Combined
(continued)
The Real Estate Report Volume 42, Number 1
Spring 2018
273
KOOTENAI COUNTY HOUSING STOCK
Source: US Census Bureau
Compiled by: Alivia Metts, The Metts Group (208) 277-6940
Type of Unit Number
of Units
Percent
of Total
Number
of Units
Percent
of Total
Number
of Units
Percent
of Total
Single-Family 48,997 75.2%46,236 74.1%33,627 71.8%
Duplex 1,858 2.9%1,955 3.1%1,454 3.1%
3 - 4 Unit Structures 2,229 3.4%2,174 3.5%1,471 3.1%
5 or more Units 6,309 9.7%5,621 9.0%3,393 7.2%
Mobile Homes
and "Other" Units 5,775 8.9%6,383 10.2%6,882 14.7%
Total 65,168 100.0%62,369 100.0%46,827 100.0%
Type of Unit Number
of Units
Percent
of Total
Single-Family 22,338 69.9%
Duplex 1,048 3.3%
3 - 4 Unit Structures 983 3.1%
5 or more Units 2,156 6.7%
Mobile Homes
and "Other" Units 5,439 17.0%
Total 31,964 100.0%
a 2007-2011 American Community Survey
b 1990, 2000, 2010 Census (Adjusted Mobile Home and “Other” Units count)
2015a 2010b 2000b
1990b
The Real Estate Report Volume 42, Number 1
Spring 2018
274
KOOTENAI COUNTY HOME OWNERSHIP RATE
Source: U.S. Census
Compiled by: Alivia Metts, The Metts Group (208) 277-6940
Year
Total
Occupied
Unitsa
Owner
Occupied
Units
Renter
Occupied
Units
Home
Ownership
Percentagea
1980 21,404 16,033 5,371 74.9%
1990 26,942 19,208 7,734 71.3%
2000 41,308 30,785 10,523 74.5%
2010 54,200 38,353 15,847 70.8%
2015 56,421 39,582 16,839 70.2%
a All structure types, including apartments
b U.S. Census, American Community Survey 5-Year Estimates
The Real Estate Report Volume 42, Number 1
Spring 2018
275
HOUSING AFFORDABILITY INDEX
Kootenai County, Idaho
Source: Runstad Center for Real Estate Studies/UW; Glenn Crellin (206) 685-8020)
Coeur d’Alene Association of REALTORS; Sheila Gray (208) 667-0664
(continued)
Quarter
Median
Home
Price ($)
Mortgage
Rate (%)
Housing
Affordability
Index
First-Time Buyer
Affordability Index
09:I 167,000 5.16 143.6 86.9
09:II 172,000 5.02 145.2 87.8
09:III 170,000 5.30 145.8 88.1
09:IV 166,200 5.06 156.9 94.8
10:I 165,000 5.09 161.1 97.3
10:II 165,000 5.07 165.1 99.7
10:III 170,000 4.78 169.3 102.2
10:IV 165,000 4.62 181.5 109.6
11:I 145,500 4.90 203.5 122.9
11:II 151,000 4.85 201.3 121.5
11:III 151,500 4.63 210.0 126.7
11:IV 150,000 4.28 225.4 136.0
12:I 145,500 4.16 240.4 145.0
12:II 162,000 3.92 226.5 136.6
12:III 165,000 3.72 232.1 140.0
12:IV 165,400 3.58 239.9 144.6
13:I 166,000 3.56 244.0 147.1
13:II 172,500 3.64 236.6 142.6
13:III 182,000 4.46 206.7 124.6
13:IV 179,400 4.42 214.3 129.1
14:I 179,500 4.42 217.8 131.2
14:II 191,500 4.20 213.0 128.3
14:III 200,000 4.24 206.3 124.3
14:IV
Notes: Housing Affordability Index measures the ability of middle income family to carry the mortgage
payments on a median price home. When the index is 100 there is a balance between the
family’s ability to pay and the cost. Higher indexes indicate housing is more affordable. First-time
buyer index assumes the purchaser has an income 70% of the median household income.
Home purchased by first-time buyers is 85% of area’s median. All loans are assumed to be 30-
year loans. All buyer index assumes 20% down payment. First-time buyer index assumes 10%
down. It is assumed 25% of income can be used for principal and interest payments.
The Real Estate Report Volume 42, Number 1
Spring 2018
276
HOUSING AFFORDABILITY INDEX
Kootenai County, Idaho
(continued)
Source: Runstad Center for Real Estate Studies/UW; Glenn Crellin (206) 685-8020)
Coeur d’Alene Association of REALTORS; Sheila Gray (208) 667-0664
(continued)
Quarter
Median
Home
Price ($)
Mortgage
Rate (%)
Housing
Affordability
Index
First-Time Buyer
Affordability Index
01:I 107,800 7.21 159.5 97.7
01:II 111,000 7.15 157.2 96.2
01:III 111,000 7.06 160.0 97.8
01:IV 112,500 6.71 165.0 100.7
02:I 110,000 6.86 167.6 102.2
02:II 115,000 6.79 162.8 99.2
02.III 121,000 6.39 162.6 98.9
02:IV 117,300 6.11 174.2 105.9
03:I 119,000 5.90 177.1 107.5
03:II 128,000 5.58 174.6 105.9
03:III 130,000 5.66 169.1 102.5
03:IV 126,500 5.83 172.0 104.1
04:I 129,000 5.64 171.3 103.5
04:II 141,000 5.73 154.5 93.2
04:III 143,000 5.82 150.1 90.4
04:IV 155,000 5.72 139.3 83.7
05:I 160,000 5.77 134.9 81.2
05:II 175,000 5.83 123.2 74.3
05:III 192,100 5.83 112.9 68.1
05:IV 195,000 6.21 107.3 64.9
06:I 204,000 6.39 101.5 61.3
06:II 210,000 6.63 96.9 58.5
06:III 215,900 6.76 93.8 56.5
06:IV 209,000 6.54 99.9 60.2
07:I 210,500 6.42 99.6 60.0
07:II 204,900 6.39 101.8 61.3
07:III 205,600 6.75 96.9 58.4
07:IV 203,900 6.42 100.3 60.5
08:I 202,100 6.03 105.4 63.6
08:II 195,000 6.14 107.9 65.1
08:III 195,000 6.42 104.7 63.3
08:IV 183,000 6.03 116.2 70.3
Notes: Housing Affordability Index measures the ability of middle income family to carry the mortgage
payments on a median price home. When the index is 100 there is a balance between the
family’s ability to pay and the cost. Higher indexes indicate housing is more affordable. First-time
buyer index assumes the purchaser has an income 70% of the median household income.
Home purchased by first-time buyers is 85% of area’s median. All loans are assumed to be 30-
year loans. All buyer index assumes 20% down payment. First-time buyer index assumes 10%
down. It is assumed 25% of income can be used for principal and interest payments.
The Real Estate Report Volume 42, Number 1
Spring 2018
277
HOUSING AFFORDABILITY INDEX
Kootenai County, Idaho
(continued)
Source: Runstad Center for Real Estate Studies/UW; Glenn Crellin (206) 685-8020)
Coeur d’Alene Association of REALTORS; Sheila Gray (208) 667-0664
Quarter
Median
Home
Price ($)
Mortgage
Rate (%)
Housing
Affordability
Index
First-Time Buyer
Affordability Index
93:I 71,900 7.55 188.3 114.3
93:II 88,100 7.26 157.8 95.8
93:III 93,000 7.04 154.2 93.5
93:IV 91,600 6.79 163.0 98.8
94:I 99,100 6.91 148.6 90.1
94:II 96,900 7.42 144.1 87.5
94:III 101,600 7.73 133.2 81.0
94:IV 96,300 7.82 140.6 85.5
95:I 103,600 8.12 126.8 83.3
95:II 95,500 7.98 141.4 86.0
95:III 98,400 7.74 141.8 86.2
95:IV 95,600 7.54 150.8 91.6
96:I 96,100 7.34 154.7 93.9
96:II 95,200 7.84 148.4 90.2
96:III 96,300 7.96 145.7 88.6
96:IV 87,500 7.71 167.7 102.2
97:I 95,000 7.72 148.7 89.9
97:II 95,000 7.89 150.2 90.3
97:III 95,000 7.64 158.0 94.3
97:IV 98,800 7.47 157.6 93.5
98:I 96,600 7.22 155.9 92.0
98:II 99,900 7.21 158.6 93.7
98:III 103,300 7.08 154.7 91.2
98:IV 105,000 6.88 154.7 91.1
99:I 103,000 6.95 158.4 93.1
99:II 103,200 7.13 157.0 92.1
99:III 108,900 7.58 144.0 84.3
99:IV 104,600 7.66 150.4 92.6
00:I 100,000 8.02 153.4 94.4
00:II 107,500 8.19 141.7 87.1
00:III 110,000 8.10 140.9 86.5
00:IV 113,500 7.81 141.6 86.8
Notes: Housing Affordability Index measures the ability of middle income family to carry the mortgage
payments on a median price home. When the index is 100 there is a balance between the
family’s ability to pay and the cost. Higher indexes indicate housing is more affordable. First-time
buyer index assumes the purchaser has an income 70% of the median household income.
Home purchased by first-time buyers is 85% of area’s median. All loans are assumed to be 30-
year loans. All buyer index assumes 20% down payment. First-time buyer index assumes 10%
down. It is assumed 25% of income can be used for principal and interest payments.
The Real Estate Report Volume 42, Number 1
Spring 2018
278
The Real Estate Report Volume 42, Number 1
Spring 2018
279
The Real Estate Report Volume 42, Number 1
Spring 2018
280
The Real Estate Report Volume 42, Number 1
Spring 2018
281
The Real Estate Report Volume 42, Number 1
Spring 2018
282
The Real Estate Report Volume 42, Number 1
Spring 2018
283
The Real Estate Report Volume 42, Number 1
Spring 2018
284
The Real Estate Report Volume 42, Number 1
Spring 2018
285
KOOTENAI COUNTY APARTMENT VACANCY SURVEY
(Current Format)
(continued)
3/15
Overall Vacancy Rate 0.4%
Total Number of Apartment
Units Surveyed 1,123
Vacancy Rate by Number of Bedrooms:
Studio N/A
One-bedroom 0.0%
Two-bedroom 0.7
Three or more N/A
Vacancy Rate by Geographic Area:
Coeur d’Alene 0.3%
Post Falls N/A
Actual Rent Per Net
Rentable Square Foot $0.963
2018 2017
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Bry
Osmonson, 206-685-9989). It is based upon a 100% sample of all apartment complexes built in 1963 or later and containing at least 10
apartment units. The survey does not include any rent-subsidized units.
The Real Estate Report Volume 42, Number 1
Spring 2018
286
KOOTENAI COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
(continued)
3/15 9/15 3/15 9/15
Overall Vacancy Rate 0.2%0.5%0.4%1.8%
Total Number of Apartment
Units Surveyed 3,195 1,328 1,701 2,646
Vacancy Rate by Number of Bedrooms:
Studio N/A N/A N/A N/A
One-bedroom 0.3%0.5%0.3%1.4%
Two-bedroom 0.2 0.4 0.8 1.3
Three or more N/A 1.8 1.2 2.6
Vacancy Rate by Geographic Area:
Coeur d’Alene 0.1%0.5%0.4%2.0%
Post Falls 0.7 1.0 1.0 0.3
Actual Rent Per Net
Rentable Square Foot $0.885 $0.876 $0.893 $0.983
2016 2017
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Bry
Osmonson, 206-685-9989). It is based upon a 100% sample of all apartment complexes built in 1963 or later and containing at least 10
apartment units. The survey does not include any rent-subsidized units.
r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
287
KOOTENAI COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 2.1%1.8%1.8%1.0%0.5%0.8%0.7%N/A
Total Number of Apartment
Units Surveyed 1,427 1,260 1,021 1,753 969 1,283 1,382 N/A
Vacancy Rate by Number of Bedrooms:
Studio 0.0%1.9%N/A N/A N/A 3.1%N/A N/A
One-bedroom 2.2 1.0 1.5%1.4%0.0%0.0 0.2%N/A
Two-bedroom 2.0 1.6 1.9 0.9 0.4 0.6 1.0 N/A
Three or more 2.8 4.5 3.7 N/A 3.6 2.7 0.0 N/A
Vacancy Rate by Geographic Area:
Coeur d’Alene 2.0%1.7%1.7%1.1%0.6%0.6%0.7%N/A
Post Falls 2.8 N/A 2.6 1.2 0.0 0.6 0.4 N/A
Actual Rent Per Net
Rentable Square Foot $0.785 $0.813 $0.841 $0.834 $0.777 $0.817 $0.793 N/A
2014 2015
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Steve
O'Connor, 206-685-9989). It is based upon a 100% sample of all apartment complexes built in 1963 or later and containing at least 10 apartment
units. The survey does not include any rent-subsidized units.
r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
288
KOOTENAI COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 3.8%2.8%1.5%3.1%N/A 3.1%5.2%2.8%
Total Number of Apartment
Units Surveyed 1,668 1,446 1,552 1,637 N/A 1,448 1,445 1,514
Vacancy Rate by Number of Bedrooms:
Studio 5.8%0.0%1.9%3.8%N/A 5.8%N/A 3.9%
One-bedroom 2.8 1.1 0.9 0.7 N/A 3.6 3.5 2.1
Two-bedroom 4.1 4 1.4 2.7 N/A 0.6 3.3 2.5
Three or more 4.4 1.9 2.7 10.3 N/A 5.4 17.3 7.0
Vacancy Rate by Geographic Area:
Coeur d’Alene 4.7%2.5%1.3%3.5%N/A 0.9%6.2%2.7%
Post Falls 1.8 4.3 2.1 1.9 N/A 4.9 N/A 3.7
Actual Rent Per Net
Rentable Square Foot $0.788 $0.763 $0.775 $0.798 N/A $0.791 $0.815 $0.786
r Revised
2012 2013
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Glenn
Crellin, 206-685-8020). It is based upon a 100% sample of all apartment complexes built in 1963 or later and containing at least 10 apartment
units. The survey does not include any rent-subsidized units.
The Real Estate Report Volume 42, Number 1
Spring 2018
289
KOOTENAI COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 7.4%5.4%6.8%3.7%2.3%4.2%4.8%6.7%
Total Number of Apartment
Units Surveyed 1,386 1,376 1,404 1,433 1,525 1,490 1,582 1,510
Vacancy Rate by Number of Bedrooms:
Studio 0.0%1.9%N/A 0.0%N/A N/A 5.8%5.8%
One-bedroom 2.0 2.8 6.0 3.0 2.8 4.3 5.0 5.1
Two-bedroom 8.0 5.4 7.6 4.5 1.8 3.2 5.2 6.6
Three or more 26.4 17.7 5.9 2.8 6.3 8.2 2.1 10.8
Vacancy Rate by Geographic Area:
Coeur d’Alene 6.6%5.6%7.6%3.1%1.8%4.5%5.0%7.4%
Post Falls 10.3 4.4 3.7 4.5 4.3 2.4 4.0 3.2
Actual Rent Per Net
Rentable Square Foot $0.748 $0.750 $0.765 $0.751 $0.731 $0.754 $0.737 $0.739
2010 2011
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Glenn
Crellin, 206-685-8020). It is based upon a 100% sample of all apartment complexes built in 1963 or later and containing at least 10 apartment
units. The survey does not include any rent-subsidized units.
r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
290
KOOTENAI COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 4.3%3.3%3.5%6.9%4.6%5.6%8.7%10.7%
Total Number of Apartment
Units Surveyed 1,450 1,432 1,457 1,384 1,433 1,454 1,360 1,386
Vacancy Rate by Number of Bedrooms:
Studio 1.9%0.0%N/A 0.0%1.9%1.9%1.9%5.8%
One-bedroom 2.0 1.5 0.0 4.3 2.7 2.2 5.1 6.6
Two-bedroom 4.1 4.2 3.5 6.7 4.4 6.6 9.7 11.8
Three or more 15.7 4.0 9.3 20.2 15.5 10.1 16.3 23.6
Actual Rent Per Net
Rentable Square Foot $0.777 $0.798 $0.791 $0.778 $0.772 $0.769 $0.768 $0.749
2008 2009
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Glenn
Crellin, 206-685-8020). It is based upon a 100% sample of all apartment complexes built in 1963 or later and containing at least 10 apartment
units. The survey does not include any rent-subsidized units.
r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
291
KOOTENAI COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 2.9%2.4%2.3%4.3%4.2%1.6%4.3%5.1%
Total Number of Apartment
Units Surveyed 1,450 1,432 1,457 1,384 1,433 1,454 1,360 1,386
Vacancy Rate by Number of Bedrooms:
Studio 0.0%0.0%0.0%3.8%1.9%1.9%0.0%0.0%
One-bedroom 1.2 1.1 1.4 0.9 2.6 0.0 4.5 1.3
Two-bedroom 3.1 2.9 3.1 5.6 5.1 2.2 3.0 5.3
Three or more 10.8 5.6 2.8 10.1 4.7 3.1 13.4 16.4
Actual Rent Per Net
Rentable Square Foot $0.707 $0.738 $0.763 $0.779 $0.678 $0.749 $0.772 $0.779
r Revised
2006 2007
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Glenn
Crellin, 206-685-8020). It is based upon a 100% sample of all apartment complexes built in 1963 or later and containing at least 10 apartment
units. The survey does not include any rent-subsidized units.
The Real Estate Report Volume 42, Number 1
Spring 2018
292
KOOTENAI COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 5.2%3.8%3.2%4.6%3.1%7.2%5.7%6.9%
Total Number of Apartment
Units Surveyed 1,258 1,190 1,204 1,265 1,185 693 1,372 1,556
Vacancy Rate by Number of Bedrooms:
Studio 3.2%1.9%1.6%0.0%1.9%N/A 15.4%12.5%
One-bedroom 2.0 2.8 1.2 2.0 1.4 0.1 2.6 3.4
Two-bedroom 7.7 4.6 5.3 6.4 4.0 8.4 7.4 8.3
Three or more 0.0 0.0 3.5 4.2 2.5 N/A 4.8 9.1
Actual Rent Per Net
Rentable Square Foot $0.626 $0.649 $0.598 $0.641 $0.657 $0.794 $0.714 $0.698
2004 2005
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Glenn
Crellin, 206-685-8020). It is based upon a 100% sample of all apartment complexes built in 1963 or later and containing at least 10 apartment
units. The survey does not include any rent-subsidized units.
r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
293
KOOTENAI COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 4.5%4.3%2.5%3.8%6.9%9.0%6.4%6.5%
Total Number of Apartment
Units Surveyed 1,336 1,327 1,427 1,187 1,360 1,395 1,352 1,160
Vacancy Rate by Number of Bedrooms:
Studio 3.8%2.0%1.7%3.3%9.7%2.8%3.3%3.3%
One-bedroom 3.5 1.4 1.1 2.3 8.0 11.1 6.6 5.6
Two-bedroom 4.6 6.2 3.4 4.9 5.6 8.8 6.6 7.4
Three or more 10.7 4.3 2.5 0.0 13.0 7.0 3.5 2.3
Actual Rent Per Net
Rentable Square Foot $0.608 $0.622 $0.650 $0.644 $0.647 $0.613 $0.600 $0.623
2002 2003
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Glenn
Crellin, 206-685-8020). It is based upon a 100% sample of all apartment complexes built in 1963 or later and containing at least 10 apartment
units. The survey does not include any rent-subsidized units.
r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
294
KOOTENAI COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate 4.0%2.9%3.8%5.6%4.8%5.6%5.2%3.2%
Total Number of Apartment
Units Surveyed 978 1,038 1,126 1,100 1,168 1,286 1,336 1,316
Vacancy Rate by Number of Bedrooms:
Studio 0.0%0.0%0.0%0.0%0.0%0.0%1.4%2.8%
One-bedroom 2.4 1.6 2.5 2.6 2.4 3.2 3.9 1.8
Two-bedroom 4.9 3.6 4.4 7.3 6.0 7.1 6.2 3.8
Three or more 2.4 3.8 4.1 4.8 5.6 1.8 1.8 0.0
Actual Rent Per Net
Rentable Square Foot $0.593 $0.590 $0.598 $0.594 $0.651 $0.616 $0.609 $0.610
2000 2001
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Glenn
Crellin, 206-685-8020). It is based upon a 100% sample of all apartment complexes built in 1963 or later and containing at least 10 apartment
units. The survey does not include any rent-subsidized units.
r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
295
KOOTENAI COUNTY APARTMENT VACANCY SURVEY
Current Format
(continued)
3/15 6/15 9/15 12/15 3/15 6/15 9/15 12/15
Overall Vacancy Rate N.A.N.A.5.2%5.6%6.1%5.0%2.7%4.1%
Total Number of Apartment
Units Surveyed 0 0 850 833 677 930 968 1,074
Vacancy Rate by Number of Bedrooms:
Studio 3.9%0.0%1.9%3.8%0.0%1.9%
One-bedroom 2.8 1.5 1.8 5.0 0.5 3.4
Two-bedroom 6.3 7.9 7.4 4.9 3.7 4.5
Three or more 5.0 N/A 8.8 7.5 3.1 4.9
Actual Rent Per Net
Rentable Square Foot $0.584 $0.691 $0.596 $0.575 $0.629 $0.592
1998 1999
a The current apartment vacancy survey is conducted by The Runstad Center for Real Estate Studies at The University of Washington (Glenn
Crellin, 206-685-8020). It is based upon a 100% sample of all apartment complexes built in 1963 or later and containing at least 10 apartment
units. The survey does not include any rent-subsidized units.
r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
296
KOOTENAI COUNTY APARTMENT VACANCY SURVEY
Prior Format
The Real Estate Report Volume 42, Number 1
Spring 2018
297
KOOTENAI COUNTY MOBILE HOME PARK SPACE VACANCY SURVEY
The Real Estate Report Volume 42, Number 1
Spring 2018
298
SURVEY OF OFFICE SPACE IN KOOTENAI COUNTY
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Coldwell Banker Commercial-
Schneidmiller Realty/Kiemle & Hagood/Spokane-Kootenai RERC
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE NO.
BLDGS.
NET
USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE$/SF/Y
R
AVERAGE
RECENT
RATE
$/SF/YR
Coeur d’Alene
Fall 2007 86 814,300 19,305 2.37%
Fall 2008 103 987,674 99,085 10.03%
Summer 2009 190 2,050,286 122,181 5.96%$18.84 $16.44
Summer 2010 268 2,736,120 312,439 11.42%$19.07 $17.36
Summer 2011 242 2,638,662 367,855 13.94%$15.34 $18.54
Summer 2012 264 2,645,719 375,419 14.19%$15.52 $18.50
Summer 2013 264 2,655,538 304,179 11.45%$15.24 $17.26
Summer 2014 272 2,939,124 352,333 11.99%$17.48 $17.97
Summer 2015 274 3,011,748 296,938 9.86%$17.18 $14.26
Summer 2016 276 3,060,174 214,775 7.02%$16.92 $14.46
Summer 2017 275 3,063,542 140,929 4.60%$17.08 $13.63
Post Falls
Fall 2007 35 480,469 9,888 2.06%
Fall 2008 50 656,685 17,926 2.73%
Summer 2009 50 531,032 15,112 2.85%$14.28 $15.24
Summer 2010 58 726,753 58,545 8.06%$14.15 $15.99
Summer 2011 53 704,006 59,590 8.46%$13.92 $13.94
Summer 2012 56 647,858 88,017 13.59%$13.79 $5.10
Summer 2013 58 669,791 50,163 7.49%$13.30 $6.44
Summer 2014 53 528,725 54,247 10.26%$13.26 $11.46
Summer 2015 56 553,090 71,242 12.88%$13.93 $12.57
Summer 2016 56 553,090 79,716 14.41%$14.04 $11.35
Summer 2017 56 553,152 33,687 6.09%$18.66 $14.91
Rathdrum
Fall 2007 17 77,770 4,500 5.79%
Fall 2008 15 69,904 0 0.00%
Summer 2009 16 70,796 3,216 4.54%$5.16 $5.52
Summer 2010 16 70,796 5,312 7.50%$5.16 $5.52
Summer 2011 8 24,100 0 0.00%$5.04 $5.04
Summer 2012 7 21,544 2,428 11.27%$5.04 N/A
Summer 2013 7 21,544 868 4.03%$8.42 $7.50
Summer 2014 8 24,915 507 2.02%$7.06 $9.60
Summer 2015 8 24,915 0 0.00%$7.06 $7.20
Summer 2016 8 24,915 0 0.00%$8.42 N/A
Summer 2017 8 24,915 0 0.00%$7.10 N/A
The Real Estate Report Volume 42, Number 1
Spring 2018
299
SURVEY OF OFFICE SPACE IN KOOTENAI COUNTY
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Coldwell Banker Commercial-
Schneidmiller Realty/Kiemle & Hagood/Spokane-Kootenai RERC
(continued)
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
LOCATION
SURVEY DATE NO.
BLDGS.
NET
USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE$/SF/Y
R
AVERAGE
RECENT
RATE
$/SF/YR
Hayden
Fall 2007 24 144,353 2,464 1.71%
Fall 2008 23 151,467 0 0.00%
Summer 2009 38 239,778 8,630 3.60%$12.48 $14.40
Summer 2010 49 302,185 12,978 4.29%$12.48 $14.39
Summer 2011 48 360,622 34,965 9.70%$12.52 $13.65
Summer 2012 60 375,292 30,347 8.09%$12.71 $10.72
Summer 2013 60 371,635 24,703 6.65%$12.85 $12.03
Summer 2014 59 362,948 20,965 5.78%$13.14 $14.99
Summer 2015 59 367,413 24,394 6.64%$13.00 N/A
Summer 2016 60 368,613 16,047 4.35%$13.25 N/A
Summer 2017 60 368,613 17,879 4.85%$12.85 $10.44
Dalton Gardens
Fall 2007 1 6,476 0 0.00%
Fall 2008 1 6,476 0 0.00%
Summer 2009 1 7,224 0 0.00%N/A N/A
Summer 2010 1 7,224 0 0.00%N/A N/A
Summer 2011 1 10,154 1,712 16.86%N/A N/A
Summer 2012 2 13,282 4,443 33.45%$9.48 N/A
Summer 2013 2 13,282 1,712 12.89%$9.48 N/A
Summer 2014 2 14,712 0 0.00%$9.48 N/A
Summer 2015 2 14,712 0 0.00%$9.48 N/A
Summer 2016 2 14,712 0 0.00%$9.48 N/A
Summer 2017 2 14,710 0 0.00%$8.98 $8.76
Note: The rental basis for the "average" and "average recent rate" is a mix of full-service,
modified and triple net rents as well as rentable and usable areas. The rates are not adjusted to
one specific basis and should only be considered as an economic indicator.
The Real Estate Report Volume 42, Number 1
Spring 2018
300
SURVEY OF RETAIL SPACE IN KOOTENAI COUNTY
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Coldwell Banker Commercial-
Schneidmiller Realty/Kiemle & Hagood/Spokane-Kootenai RERC
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE NO.
BLDGS.
NET
USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE$/SF/Y
R
AVERAGE
RECENT
RATE
$/SF/YR
Coeur d’Alene
Fall 2007 143 1,754,416 60,661 3.46%
Fall 2008 182 2,329,989 135,906 5.83%
Summer 2009 391 4,280,448 255,285 5.96%$12.84 $14.28
Summer 2010 435 4,855,788 368,696 7.59%$12.93 $13.62
Summer 2011 358 5,101,127 418,126 8.20%$12.53 $11.77
Summer 2012 397 5,164,484 361,072 6.99%$12.35 $12.28
Summer 2013 400 5,060,561 356,057 7.04%$12.61 $10.39
Summer 2014 408 5,097,630 318,710 6.25%$12.35 $11.45
Summer 2015 399 5,096,735 227,102 4.46%$12.15 $11.43
Summer 2016 398 5,109,061 210,431 4.12%$12.25 $12.98
Summer 2017 387 4,931,800 223,326 4.53%$12.25 $13.27
Post Falls
Fall 2007 107 1,288,430 164,183 12.74%
Fall 2008 171 1,982,628 247,477 12.48%
Summer 2009 191 2,154,097 266,053 12.35%$11.52 $13.08
Summer 2010 187 1,941,331 249,982 12.88%$11.65 $11.95
Summer 2011 140 1,826,310 353,272 19.34%$11.25 $10.35
Summer 2012 165 1,872,185 346,497 18.51%$10.80 $12.65
Summer 2013 165 1,871,675 335,852 17.94%$10.67 $11.19
Summer 2014 168 1,868,416 302,386 16.18%$10.93 $12.51
Summer 2015 164 1,856,107 233,116 12.56%$10.72 $11.09
Summer 2016 165 1,864,812 156,659 8.40%$9.71 $7.14
Summer 2017 158 1,649,731 154,137 9.34%$10.42 $12.61
Rathdrum
Fall 2007 38 282,786 36,615 12.95%
Fall 2008 36 323,690 34,506 10.66%
Summer 2009 44 356,229 43,598 12.24%$8.16 $8.16
Summer 2010 41 291,819 17,537 6.01%$8.20 $8.17
Summer 2011 24 258,253 17,091 6.62%$7.68 $6.72
Summer 2012 21 221,933 8,962 4.04%$8.79 $10.64
Summer 2013 21 221,933 14,440 6.51%$8.79 $9.60
Summer 2014 22 225,433 11,724 5.20%$9.10 N/A
Summer 2015 21 219,649 2,000 0.91%$9.32 N/A
Summer 2016 21 219,649 16,718 7.61%$9.32 N/A
Summer 2017 21 219,501 23,015 10.49%$9.72 $9.96
The Real Estate Report Volume 42, Number 1
Spring 2018
301
SURVEY OF RETAIL SPACE IN KOOTENAI COUNTY
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Coldwell Banker Commercial-
Schneidmiller Realty/Kiemle & Hagood/Spokane-Kootenai RERC
(continued)
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
LOCATION
SURVEY DATE NO.
BLDGS.
NET
USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE$/SF/Y
R
AVERAGE
RECENT
RATE
$/SF/YR
Hayden
Fall 2007 59 504,508 43,206 8.56%
Fall 2008 60 655,722 39,543 6.03%
Summer 2009 89 935,757 49,715 5.31%$6.84 $10.20
Summer 2010 81 671,966 43,044 6.41%$8.22 $13.00
Summer 2011 64 719,344 34,148 4.75%$6.60 $9.02
Summer 2012 78 749,521 30,762 4.10%$9.08 $6.49
Summer 2013 83 879,491 40,806 4.64%$9.03 N/A
Summer 2014 81 860,427 32,948 3.83%$12.43 N/A
Summer 2015 79 858,576 27,999 3.26%$12.50 $13.32
Summer 2016 80 859,896 52,828 6.14%$13.04 N/A
Summer 2017 80 859,896 40,840 4.75%$13.06 $8.28
Dalton Gardens
Fall 2007 3 36,806 0 0.00%
Fall 2008 2 36,806 0 0.00%
Summer 2009 1 12,840 0 0.00%N/A N/A
Summer 2010 3 25,446 0 0.00%N/A N/A
Summer 2011 8 89,352 2,400 2.69%N/A N/A
Summer 2012 23 173,047 11,775 6.80%$6.55 N/A
Summer 2013 24 173,047 23,507 13.58%$6.55 N/A
Summer 2014 24 173,047 8,275 4.78%$5.83 N/A
Summer 2015 23 163,627 2,000 1.22%$5.99 N/A
Summer 2016 24 171,437 4,000 2.33%$6.25 N/A
Summer 2017 24 170,237 5,200 3.05%$6.25 N/A
Note: The rental basis for the "average" and "average recent rate" is a mix of full-service,
modified and triple net rents as well as rentable and usable areas. The rates are not adjusted to
one specific basis and should only be considered as an economic indicator.
The Real Estate Report Volume 42, Number 1
Spring 2018
302
SURVEY OF INDUSTRIAL SPACE IN KOOTENAI COUNTY
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Coldwell Banker Commercial-
Schneidmiller Realty/Kiemle & Hagood/Spokane-Kootenai RERC
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
(continued)
LOCATION
SURVEY DATE NO.
BLDGS.
NET
USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE$/SF/YR
AVERAGE
RECENT
RATE
$/SF/YR
Coeur d’Alene
Fall 2007 34 611,030 36,658 6.00%
Fall 2008 51 782,696 38,087 4.87%
Summer 2009 106 1,334,859 95,551 7.16%$10.68 $9.96
Summer 2010 129 1,618,207 86,313 5.33%$10.89 $9.89
Summer 2011 123 1,587,457 128,638 8.10%$8.70 $9.55
Summer 2012 154 1,621,676 74,115 4.57%$8.68 $9.30
Summer 2013 152 1,665,163 98,405 5.91%$8.88 $9.79
Summer 2014 161 1,667,849 109,636 6.57%$9.00 $12.81
Summer 2015 172 1,717,722 84,449 4.92%$8.80 $13.47
Summer 2016 170 1,712,063 124,963 7.30%$8.84 $6.17
Summer 2017 171 1,728,874 63,868 3.69%$8.79 $6.76
Post Falls
Fall 2007 44 855,015 28,570 3.34%
Fall 2008 59 1,611,844 10,550 0.65%
Summer 2009 82 1,991,162 34,880 1.75%$6.36 $7.44
Summer 2010 91 2,083,420 131,605 6.32%$6.34 $7.26
Summer 2011 106 2,386,217 209,036 8.76%$6.91 $5.15
Summer 2012 166 2,517,909 268,782 10.67%$5.83 $4.06
Summer 2013 145 2,518,442 195,413 7.76%$6.27 $5.66
Summer 2014 153 2,717,451 120,151 4.42%$6.34 $4.33
Summer 2015 155 2,708,814 137,403 5.07%$6.33 $5.51
Summer 2016 162 2,783,436 574,478 20.64%$6.43 $4.74
Summer 2017 163 2,869,130 78,873 2.75%$6.39 $5.60
Rathdrum
Fall 2007 24 316,270 11,800 3.73%
Fall 2008 25 325,495 21,025 6.46%
Summer 2009 25 377,190 6,800 1.80%$5.76 $5.88
Summer 2010 26 382,890 44,900 11.73%$5.79 $6.02
Summer 2011 26 397,567 57,276 14.41%$7.31 $7.92
Summer 2012 41 427,398 101,444 23.74%$6.18 N/A
Summer 2013 44 408,595 55,941 13.69%$6.18 $6.72
Summer 2014 44 420,715 35,424 8.42%$6.27 N/A
Summer 2015 44 422,632 35,920 8.50%$6.27 N/A
Summer 2016 46 451,944 22,880 5.06%$6.04 N/A
Summer 2017 47 462,158 0 0.00%$6.16 N/A
The Real Estate Report Volume 42, Number 1
Spring 2018
303
SURVEY OF INDUSTRIAL SPACE IN KOOTENAI COUNTY
Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc./Coldwell Banker Commercial-
Schneidmiller Realty/Kiemle & Hagood/Spokane-Kootenai RERC
(continued)
Source: Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (509) 747-0999
Copyright 2017 Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc.
Reprinted here with permission.
LOCATION
SURVEY DATE NO.
BLDGS.
NET
USABLE
SQ.FT.
VACANT
SQ.FT.
PERCENT
VACANT
AVERAGE
RENTAL
RATE$/SF/YR
AVERAGE
RECENT
RATE
$/SF/YR
Hayden
Fall 2007 53 427,035 7,271 1.70%
Fall 2008 73 597,495 40,876 6.84%
Summer 2009 124 1,125,982 78,345 6.96%$6.24 $5.76
Summer 2010 125 1,122,940 87,335 7.78%$6.36 $5.86
Summer 2011 120 1,095,651 144,294 13.17%$5.53 $4.76
Summer 2012 154 1,153,607 61,037 5.29%$6.03 $5.20
Summer 2013 151 1,150,239 91,225 7.93%$6.04 $4.59
Summer 2014 155 1,175,975 81,664 6.94%$5.84 $4.74
Summer 2015 171 1,243,068 41,356 3.33%$6.02 $6.29
Summer 2016 175 1,358,426 31,542 2.32%$5.94 $5.66
Summer 2017 176 1,375,999 35,819 2.60%$6.29 $6.87
Dalton Gardens
Fall 2007 2 6,070 3,570 58.81%
Fall 2008 2 6,070 3,570 58.81%
Summer 2009 2 23,872 12,900 54.04%$4.68 N/A
Summer 2010 6 110,142 12,900 11.71%$5.13 $5.40
Summer 2011 8 133,935 16,253 12.13%$4.68 $4.68
Summer 2012 15 136,748 21,600 15.80%$5.11 $4.68
Summer 2013 15 136,748 10,900 7.97%$4.90 $4.68
Summer 2014 15 144,182 6,000 4.16%$4.88 N/A
Summer 2015 23 187,434 6,000 3.20%$4.87 N/A
Summer 2016 24 190,314 6,000 3.15%$4.97 N/A
Summer 2017 24 190,314 0 0.00%$4.99 $5.28
Note: The rental basis for the "average" and "average recent rate" is a mix of full-service, modified
and triple net rents as well as rentable and usable areas. The rates are not adjusted to one
specific basis and should only be considered as an economic indicator.
304
305
BONNER
COUNTY
306
The Real Estate Report Volume 42, Number 1
Spring 2018
307
POPULATION IN BONNER COUNTY
Source: U.S. Census Bureau (1970, 1980, 1990, 2000, 2010 Census)
Compiled by: Idaho State Census Data Center, Idaho Dept of Labor; Janell Hyer (208) 332-3570 ext. 3220
April 1,April 1,April 1,April 1,April 1,July 1,
LOCATION 1970 1980 a 1990 b 2000 c 2010 d 2017 e
Clark Fork 367 449 448 530 536 561
Dover*190 294 342 556 735
East Hope 175 258 215 200 210 218
Hope 63 106 99 79 86 90
Kootenai 168 280 327 441 678 834
Oldtown 161 257 151 190 184 194
Ponderay 275 399 449 638 1,137 1,107
Priest River 1,493 1,639 1,560 1,754 1,751 1,811
Sandpoint 4,144 4,460 5,561 6,835 7,365 8,390
Unincorporated 8,714 16,125 17,518 25,826 28,374 35,170
TOTAL 15,560 24,163 26,622 36,835 40,877 43,560
a 1980 Census
b 1990 Census
c 2000 Census
d 2010 Census
e Estimate, Bureau of the Census
The Real Estate Report Volume 42, Number 1
Spring 2018
308
POPULATION PROJECTIONS FOR BONNER COUNTY, 2015-2040
In Thousands
Source: EMSI estimates provided by IDOL; Sam Wolkenhauer (208) 459-8789 ext. 4451
Avista Utilities; Grant Forsythe (509) 495-2765
2015 2020 2025 2030 2035 2040
Idaho Department of Labor
(from EMSI)2016 41.6 42.6 43.1 N/A N/A N/A
Avista Corp
(from Global Insights, Inc.)Feb 2018 41.8 45.0 46.7 47.3 47.8 48.3
Population
Estimate by:
Date of
Estimate
Year
The Real Estate Report Volume 42, Number 1
Spring 2018
309
BONNER COUNTY POPULATION BY AGE AND SEX
The Real Estate Report Volume 42, Number 1
Spring 2018
310
DRIVERS LICENSE SURRENDERS IN BONNER COUNTY
Source: Idaho Department of Transportation, Economic Research Section Migration/Distribution by
County, www.itd.idaho.gov/dmvdata
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
Year California Montana Oregon Washington Total
2002 277 70 116 401 1,407
2003 363 100 112 376 1,481 5.26 %
2004 422 90 128 440 1,702 14.92 %
2005 461 85 125 379 1,683 (1.12)%
2006 348 64 83 351 1,416 (15.86)%
2007 302 73 103 330 1,366 (3.53)%
2008 250 60 87 351 1,181 (13.54)%
2009 244 73 75 262 1,095 (7.83)%
2010 215 56 80 271 1,075 (1.83)%
2011 251 45 77 348 1,198 11.44 %
2012 228 66 73 364 1,345 12.27 %
2013 286 95 119 413 1,526 13.46 %
2014 316 79 103 391 1,589 4.13 %
2015 415 99 90 386 1,670 5.10 %
Number of Drivers Licenses Surrendered (From)
Total % Change
N/A
Note: New and Returning Residents
The Real Estate Report Volume 42, Number 1
Spring 2018
311
RESIDENTIAL ELECTRICAL CUSTOMERS BONNER COUNTY
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999 (2017-present)
and Meri Berberet (208) 226-2448
YEAR AVISTAa NORTHERN
LIGHTSa TOTAL
ANNUAL
PERCENT
CHANGE
2004 10,637 10,001 111 20,749 N/A
2005 10,851 10,280 133 21,264 2.5
2006 11,153 10,508 131 21,792 2.5
2007 11,454 10,787 124 22,365 2.6
2008 11,640 10,931 131 22,702 1.5
2009 12,221 10,953 131 b 23,305 2.7
2010 12,363 11,115 129 23,607 1.3
2011 12,372 11,136 122 23,630 0.1
2012 12,462 11,265 119 23,846 0.9
2013 12,551 11,335 118 24,004 0.7
2014 12,601 11,401 121 24,123 0.5
2015 12,609 11,595 122 24,326 0.8
2016 12,766 11,601 127 24,494 0.7
2017 13,069 11,542 130 24,741 1.0
2018a 13,092 11,592 132 24,816 0.3
CHANGE
17-18a 0.2%0.4%1.5%0.3%N/A
04-18a 23.1%15.9%18.9%19.6%N/A
KOOTENAI
ELECTRIC
COOPERATIVEa
a Through March 2018 (Avista figures represent a 12-month moving average, and KEC data not
available by quarters)
b Imputed
The Real Estate Report Volume 42, Number 1
Spring 2018
312
EMPLOYMENT IN BONNER COUNTY
Current Format – In Thousands
Source: Idaho Department of Labor, Regional Economist (208) 457-8789, ext. 4451
(continued)
1990 12.0 10.9 1.1 9.1%8.4 2.2 6.2
1991 12.5 11.3 1.3 10.1%8.3 1.5 6.8
1992 13.4 12.1 1.4 10.1%8.9 1.5 7.4
1993 14.5 13.1 1.4 9.7%9.3 1.5 7.8
1994 15.3 14.0 1.3 8.4%10.0 1.6 8.4
1995 15.8 14.4 1.4 8.7%10.3 1.6 8.7
1996 16.3 14.8 1.5 9.5%10.6 1.5 9.1
1997 17.0 15.5 1.4 8.4%11.1 1.5 9.6
1998 17.3 15.8 1.4 8.3%11.5 1.5 10.0
1999 17.4 15.8 1.6 9.0%11.7 1.6 10.1
2000 17.7 16.3 1.3 7.6%11.7 1.5 10.2
2001 18.1 16.7 1.4 7.7%11.8 1.6 10.2
2002 18.6 17.1 1.5 7.9%12.1 1.7 10.4
2003 18.5 17.1 1.4 7.3%12.4 1.9 10.5
2004 19.4 18.2 1.2 6.2%12.9 2.0 10.9
2005 20.5 19.4 1.1 5.4%13.8 2.1 11.7
2006 20.5 19.5 1.0 4.9%14.3 2.3 12.0
2007 20.6 19.8 0.8 3.9%14.6 2.3 12.3
2008 20.4 19.0 1.4 6.9%14.2 2.2 12.0
2009 21.0 18.7 2.3 11.0%13.3 2.0 11.3
2010 19.5 r 17.0 r 2.5 r 12.9%r 12.9 1.9 10.9
2011 19.0 r 16.7 r 2.4 r 12.4%r 12.6 1.9 10.5
2012 18.6 r 16.7 r 2.0 r 10.5%r 12.5 2.0 10.4
2013 18.3 r 16.7 r 1.6 r 8.8%r 12.8 2.0 10.7
2014 18.3 r 17.0 r 1.3 r 7.1%r 12.8 2.0 10.8
2015 18.5 r 17.4 r 1.1 r 5.9%r 13.0 2.1 10.9
2016 18.8 17.8 1.0 5.5%13.5 2.3 11.2
2017 19.2 18.4 0.8 4.3%
2018 19.3 p 18.3 p 1.0 p 5.2%p
p Preliminary through March 2018
COMPONENTS OF
NONFARM EMPLOYMENT
Total
Employment
Total
Unemploymen Manufacturing Non-Manufacturing
YEAR
CIVILIAN
LABOR
FORCE
COMPONENTS OF
CIVILIAN LABOR FORCE PERCENT OF
LABOR FORCE
UNEMPLOYED
NONFARM
WAGE & SALARY
EMPLOYMENT
NOTES: All data is not seasonally adjusted
"Nonfarm Wage & Salary Employment" is a count of jobs in a county, regardless of where the people who hold them live. An individual who holds
two jobs is counted twice. It reflects jobs held by people who work for wages, salaries, tips, commissions, and other labor income. It does not
include agricultural workers. Manufacturing data is compiled by SIC Code prior to 1991.
"Total Employment" is a count of people living in a county who are employed, regardless of where they are employed. An individual is counted
once, no matter how many jobs he/she holds . Total Employment includes people who are self-employed and unpaid family members who work
several hours in a family farm or business, as well as wage and salary workers. It includes agricultural workers.
r Revised
The Real Estate Report Volume 42, Number 1
Spring 2018
313
EMPLOYMENT IN BONNER COUNTY
Current Format – In Thousands
(continued)
Source: Idaho Department of Labor, Regional Economist (208) 457-8789, ext. 4451
1970 6.1 5.5 0.6 9.9%3.7 1.1 2.619716.1 5.5 0.6 9.9%3.7 1.1 2.619726.5 5.9 0.6 9.2%4.2 1.2 3.019736.8 6.1 0.7 9.7%4.4 1.4 3.119747.2 6.4 0.9 11.8%4.6 1.4 3.3
1975 7.5 6.4 1.2 15.4%4.6 1.2 3.4
1976 7.5 6.6 0.9 12.2%5.0 1.2 3.8
1977 8.7 7.7 1.0 11.5%5.8 1.4 4.4
1978 9.3 8.3 1.0 10.4%6.4 1.5 4.9
1979 9.8 8.8 1.0 10.3%6.6 1.5 5.1
1980 10.1 8.7 1.4 13.8%6.5 1.5 5.0
1981 10.0 8.7 1.3 13.4%6.5 1.4 5.0
1982 10.1 8.5 1.6 15.7%6.0 1.2 4.8
1983 11.2 9.8 1.4 12.8%6.8 1.7 5.0
1984 11.5 10.3 1.1 9.9%7.2 1.9 5.3
1985 11.8 10.4 1.4 11.6%7.4 1.8 5.6
1986 11.7 10.3 1.4 11.9%7.3 1.7 5.5
1987 12.0 10.9 1.1 9.4%7.6 2.1 5.5
1988 12.1 11.2 0.9 7.8%7.8 2.1 5.7
1989 12.1 11.2 0.9 7.4%8.0 2.1 5.9
COMPONENTS OF
NONFARM EMPLOYMENT
Total
Employment
Total
Unemploymen Manufacturing Non-Manufacturing
YEAR
CIVILIAN
LABOR
FORCE
COMPONENTS OF
CIVILIAN LABOR FORCE PERCENT OF
LABOR FORCE
UNEMPLOYED
NONFARM
WAGE & SALARY
EMPLOYMENT
"Nonfarm Wage & Salary Employment" is a count of jobs in a county, regardless of where the people who hold them live. An individual who holds
two jobs is counted twice. It reflects jobs held by people who work for wages, salaries, tips, commissions, and other labor income. It does not
include agricultural workers. Manufacturing data is compiled by SIC Code prior to 1991.
"Total Employment" is a count of people living in a county who are employed, regardless of where they are employed. An individual is counted
once, no matter how many jobs he/she holds . Total Employment includes people who are self-employed and unpaid family members who work
several hours in a family farm or business, as well as wage and salary workers. It includes agricultural workers.
NOTES: All data is not seasonally adjusted
The Real Estate Report Volume 42, Number 1
Spring 2018
314
PERSONAL INCOME IN BONNER COUNTY
Source: U.S. Bureau of Economic Analysis
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
(continued)
YEAR
2000 793.8 21,484
2001 829.6 22,434
2002 844.2 22,432
2003 896.9 23,368
2004 990.8 25,512
2005 1,101.2 27,626
2006 1,224.1 30,504
2007 1,301.8 31,955
2008 1,283.4 31,328
2009 1,235.1 30,265
2010 1,214.2 29,669
2011 1,297.5 31,776
2012 1,350.8 32,655
2013 1,347.0 33,093
2014r 1,399.8 33,720
2015r 1,489.3 35,633
2016 1,554.8 36,553
TOTAL PERSONAL
INCOME (MILLIONS $)
PER CAPITA
INCOME (S)
rRevised
The Real Estate Report Volume 42, Number 1
Spring 2018
315
PERSONAL INCOME IN BONNER COUNTY
(continued)
Source: Idaho Department of Labor (Boise), based on U.S. Bureau of Economic Analysis
Compiled by: Regional Economist, Idaho Department of Labor (208) 457-8789, ext. 4451
YEAR
1970 47.2 3,015
1971 53.1 3,333
1972 62.1 3,709
1973 70.5 4,030
1974 80.3 4,348
1975 88.7 4,540
1976 103.0 5,136
1977 122.1 5,748
1978 148.6 6,578
1979 166.0 7,078
1980 182.7 7,519
1981 204.7 8,246
1982 207.2 8,243
1983 235.0 9,147
1984 260.2 10,006
1985 270.7 10,232
1986 278.4 10,589
1987 289.1 11,247
1988 313.2 12,282
1989 330.3 12,640
1990 358.0 13,376
1991 386.0 13,804
1992 437.8 15,111
1993 482.9 15,915
1994 523.0 16,355
1995 554.2 16,688
1996 594.6 17,397
1997 625.7 17,884
1998 684.7 19,216
1999 733.3 20,221
TOTAL PERSONAL
INCOME (MILLIONS $)
PER CAPITA
INCOME (S)
NOTE: Series revised May 2014, all the way back to 1969 (represents current dollars)
The Real Estate Report Volume 42, Number 1
Spring 2018
316
TOTAL PERSONAL INCOME IN BONNER COUNTY
AS PROJECTED BY AVISTA CORPORATION
Source: Avista Corporation, Grant Forsyth (509) 495-2765
Source of Historical Estimates: GLOBAL INSIGHT, through Avista Corporation
1990 358.5 8.4
1991 386.3 7.7
1992 438.1 13.4
1993 483.1 10.3
1994 522.9 8.2
1995 553.3 5.8
1996 592.9 7.2
1997 623.6 5.2
1998 680.1 9.0
1999 726.9 6.9
2000 783.0 7.7
2001 824.6 5.3
2002 849.4 3.0
2003 891.1 4.9
2004 965.2 8.3
2005 1,064.6 10.3
2006 1,185.6 11.4
2007 1,249.4 5.4
2008 1,248.4 (0.1)
2009 1,201.7 (3.7)
2010 1,201.5 (0.0)
2011 1,275.9 6.2
2012 1,305.7 2.3
2013 1,327.4 1.7
2014 1,398.0 5.3
2015 1,449.7 3.7
2016 a 1,537.0 6.0 est.
2017 a 1,597.8 4.0 est.
2018 a 1,678.6 5.1 est.
2019 a 1,764.7 5.1 est.
2020 a 1,850.7 4.9 est.
2021 a 1,929.9 4.3 est.
2022 a 2,018.8 4.6 est.
a Projections
YEAR PERSONAL INCOME
(MILLIONS $)
RATE OF
CHANGE
The Real Estate Report Volume 42, Number 1
Spring 2018
317
COMPARATIVE HOUSEHOLD, FAMILY, AND PER CAPITA INCOME
FOR BONNER COUNTY
Source: U.S. Census (1980, 1990, and 2000)
American Community Survey 5-Year Estimate
Compiled by: Alivia Metts, The Metts Group (208) 277-6940
TYPE AND LOCATION 1980
CENSUS
1990
CENSUS
2000
CENSUS
2011-2015
ACS
MEDIAN HOUSEHOLD INCOME
United States $17,084 $30,056 $41,994 $53,889
State of Idaho 15,347 25,257 37,572 47,583
Bonner County 12,201 21,465 32,803 42,171
MEDIAN FAMILY INCOME
United States $20,048 $35,273 $50,046 $66,011
State of Idaho 17,923 29,685 43,490 57,573
Bonner County 14,520 24,248 37,930 52,465
PER CAPITA INCOMEa
United States $7,400 $14,617 $21,587 $28,930
State of Idaho 6,313 11,575 17,841 23,399
Bonner County 7,513 13,370 17,263 23,981
a Aggregate household income divided by total population
The Real Estate Report Volume 42, Number 1
Spring 2018
318
DEPOSITS AT FINANCIAL INSTITUTIONS
($ Millions)
Source: FDIC
Compiled by: Keri Copley, Valbridge Property Advisors (509) 747-0999
Year Thrift
Institutions
Credit
Unions
Commercial
Banks TOTALS
1991 $0 $0 N/A N/A
1992 0 0 N/A N/A
1993 0 0 N/A N/A
1994 0 0 260 260
1995 0 0 266 266
1996 0 0 277 277
1997 0 0 255 255
1998 0 0 267 267
1999 0 0 293 293
2000 0 0 303 303
2001 0 0 313 313
2002 0 0 328 328
2003 0 0 372 372
2004 0 0 474 474
2005 0 0 474 474
2006 0 0 525 525
2007 0 0 494 494
2008 0 0 512 512
2009 0 0 577 577
2010 0 0 538 538
2011 0 0 537 537
2012 0 0 573 573
2013 0 0 561 561
2014 0 0 588 588
2015 0 0 593 593
2016 0 0 640 640
2017 0 0 624 624
a As of June 30 of each year.
The Real Estate Report Volume 42, Number 1
Spring 2018
319
BONNER COUNTY TAXABLE SALES
Source: Idaho State Tax Commission
Compiled by: Idaho Department of Labor, Regional Economist (208) 457-8789, ext. 3486
Taxable Salesa % Annual Change
(Bonner County)
% Annual Change
(State of Idaho)
1982 $95,192,274 ---5.5
1983 99,888,108 4.9 8.5
1984 107,948,160 8.1 6.3
1985 105,747,545 (2.0)4.3
1986 106,396,924 0.6 0.7
1987 112,853,604 6.1 0.7
1988 124,590,535 10.4 8.8
1989 122,313,943 (1.8)11.1
1990 122,614,495 0.2 6.4
1991 130,955,976 6.8 7.5
1992 160,985,828 22.9 11.0
1993 200,462,227 24.5 10.3
1994 218,040,146 8.8 10.4
1995 216,281,843 (0.8)3.9
1996 218,609,129 1.1 5.7
1997 224,765,306 2.8 2.9
1998 234,993,106 4.6 6.2
1999 248,573,010 5.8 8.8
2000 252,590,049 1.6 4.8
2001 283,322,107 12.2 1.8
2002 286,952,736 1.3 6.7
2003 288,544,235 0.6 4.1
2004 304,163,437 5.4 4.2
2005 340,080,371 11.8 14.7
2006 348,056,111 2.3 5.6
2007 374,054,506 7.5 6.5
2008 342,629,285 (8.4)(5.4)
2009 312,641,402 (8.8)(8.8)
2010 283,756,936 (9.2)(8.0)
2011 308,238,652 8.6 (7.0)
2012 322,846,933 4.7 0.6
2013 353,390,013 9.5 7.5
2014 320,487,139 (9.3)6.6
2015 283,936,110 (11.4)N/A
2016 b 222,593,907 (21.6)N/A
Year
a Sales figures represent total taxable sales within Bonner County in all sectors of the economy. Does not include
sales not subject to sales tax, which would include wholesale sales, out of state shipments, trade-in deductions
and sales to exempt purchasers, etc.
bThrough third quarter 2016.
Note: Due to changes in tax reporting methodology, data beginning with 2001 is not comparable to prior data.
These figures do not reflect taxable sales from corporations with headquarters located outside of Bonner County.
The Real Estate Report Volume 42, Number 1
Spring 2018
320
BUILDING PERMITS AND BUILDING LOCATION PERMITS
Source: Bonner County Planning Department; Clare Marley, Director (208) 265-1458
Compiled by: Dave Eacret (208) 255-6840
1977 395 1998 596
1978 465 1999 659
1979 445 2000 617
1980 313 2002 844
1981 279 2003 844
1982 220 2004 1165
1983 438 2005 1384
1984 340 2006 990
1985 325 2007 962
1986 303 2008 750
1987 263 2009 534
1988 257 2010 510
1989 322 2011 476
1990 541 2012 472
1991 654 2013 637
1992 971 2014 675
1993 1018 2015 752
1994 1087 2016 801
1995 1012 2017 936
1996 1018 2018a 464
1997 900
a Through 6/8/2018
BUILDING PERMITS BUILDING LOCATION PERMITS
The Real Estate Report Volume 42, Number 1
Spring 2018
321
BONNER COUNTY ASSESSED VALUES
Source: Paula Chapin or Judy Eldred, Bonner County Assessor (208) 265-1440
Compiled by: Dave Eacret (208) 255-6840
YEAR
1994 $1,525,066,793
1995 1,880,586,021
1996 2,083,898,955
1997 2,228,885,730
1998 2,334,815,233
1999 2,431,038,761
2000 2,462,439,111
2001 2,567,153,525
2002 2,692,673,273
2003 2,839,012,697
2004 3,092,272,087
2005 4,028,709,974
2006 6,484,558,686
2007 6,840,292,802
2008 7,122,357,993
2009 7,080,067,145
2010 6,297,778,983
2011 5,904,574,584
2012 5,626,112,074
2013 5,475,118,688
2014 5,457,844,832
2015 5,653,153,974
2016 5,794,341,360
2017 6,181,836,519
2018b 6,885,326,529
NET
MARKET
VALUE ($)a
aFrom Primary Roll (Report PMV 003)
bPreliminary
The Real Estate Report Volume 42, Number 1
Spring 2018
322
SALES OF SINGLE-FAMILY DWELLINGS BY AREA
BONNER COUNTY
Compiled by: 2002-2010 – Chris Schreiber, Kiemle and Hagood Co. (208) 770-2590
2011-Present – Stephanie Rief Selkirk Association of Realtors (208) 265-2227
(continued)
Area Number
of Sales
Percent
of Total
Average
Sales Price
Median
Sales Price
Average Days
on Market
2015 Sandpoint 481 68.5%$290,321 $238,000 139
Hope/Clark Fork 50 7.1%$248,643 $221,500 149
Priest River/Lake 171 24.4%$285,092 $226,340 149
Total Sales 702 100.0%$286,079 $233,985 142
2016 Sandpoint 489 65.4%$308,390 $262,500 138
Hope/Clark Fork 58 7.8%$268,802 $212,500 145
Priest River/Lake 201 26.9%$311,482 $240,000 146
Total Sales 748 100.0%$306,151 $252,577 141
2017 Sandpoint 511 66.6%$353,901 $248,465 128
Hope/Clark Fork 41 5.3%$322,477 $285,000 176
Priest River/Lake 215 28.0%$322,652 $280,000 123
Total Sales 767 100.0%$343,462 $259,258 129
2018 b Sandpoint 102 77.3%$313,925 $279,500 116
Hope/Clark Fork 7 5.3%$285,028 $155,000 152
Priest River/Lake 23 17.4%$176,086 $155,000 132
Total Sales 132 100.0%$288,375 $251,205 121
Year
a Represents MLS only, does not include Condominium/townhouse sales
b Year to date through March 2018
The Real Estate Report Volume 42, Number 1
Spring 2018
323
SALES OF SINGLE-FAMILY DWELLINGS BY AREA
BONNER COUNTY
(continued)
Compiled by: 2002-2010 – Chris Schreiber, Kiemle and Hagood Co. (208) 770-2590
2011-Present – Stephanie Rief Selkirk Association of Realtors (208) 265-2227
(continued)
Area Number
of Sales
Percent
of Total
Average
Sales Price
Median
Sales Price
Average Days
on Market
2007 Sandpoint 398 68.6%$338,584 $265,500 133
Hope/Clark Fork 43 7.4%508,730 326,700 144
Priest River/Lake 133 22.9%278,827 184,536 153
OA-Idaho-Other 4 0.7%283,363 135,000 129
OA-Other 2 0.3%149,500 149,500 132
Total Sales 580 100.0%336,462 250,000 138
2008 Sandpoint 340 76.9%$328,973 $274,000 138
Hope/Clark Fork 26 5.9%464,640 259,000 162
Priest River/Lake 76 17.2%265,741 176,375 122
Total Sales 442 100.0%326,081 250,000 137
2009 Sandpoint 288 78.0%$281,712 $211,125 141
Hope/Clark Fork 24 6.5%291,971 194,500 145
Priest River/Lake 57 15.5%183,522 159,000 138
Total Sales 369 100.0%267,212 200,000 140
2010 Sandpoint 297 73.0%$310,657 $220,800 146
Hope/Clark Fork 19 4.7%205,670 195,000 192
Priest River/Lake 91 22.3%213,794 160,700 150
Total Sales 407 100.0%284,099 203,200 149
2011 Sandpoint 291 75.0%$273,600 189,500 159
Hope/Clark Fork 23 5.9%338,426 183,000 169
Priest River/Lake 74 19.1%222,460 110,000 144
Total Sales 407 100.0%267,689 173,950 157
2012 Sandpoint 465 75.6%$237,680 $187,000 174
Hope/Clark Fork 42 6.8%315,835 181,250 226
Priest River/Lake 108 17.6%151,355 134,450 183
Total Sales 615 100.0%227,858 177,379 179
2013 Sandpoint 507 79.0%$248,726 $210,000 173
Hope/Clark Fork 34 5.3%252,844 184,000 176
Priest River/Lake 101 15.7%170,024 120,000 183
Total Sales 642 100.0%236,563 194,464 175
2014 Sandpoint 498 68.2%$281,040 $230,000 154
Hope/Clark Fork 47 6.4%462,563 197,000 262
Priest River/Lake 185 25.3%262,416 200,000 133
Total Sales 730 100.0%288,007 220,273 156
Year
a Represents MLS only, does not include Condominium/townhouse sales
The Real Estate Report Volume 42, Number 1
Spring 2018
324
SALES OF SINGLE-FAMILY DWELLINGS BY AREA
BONNER COUNTY
(continued)
Compiled by: 2002-2010 – Chris Schreiber, Kiemle and Hagood Co. (208) 770-2590
2011-Present – Stephanie Rief Selkirk Association of Realtors (208) 265-2227
Area Number
of Sales
Percent
of Total
Average
Sales Price
Median
Sales Price
Average Days
on Market
2002 Sandpoint 431 80.10%$172,264 $147,500 168
Hope/Clark Fork 22 4.10%153,632 131,000 137
Priest River/Lake 84 15.60%106,290 71,000 158
Other Areas 1 0.20%47,500 47,500 228
Total Sales 538 100.00%160,969 132,250 166
2003 Sandpoint 531 73.80%$183,538 $143,500 181
Hope/Clark Fork 54 7.50%206,370 157,000 219
Bonners Ferry 2 0.30%49,500 49,500 281
Priest River/Lake 130 18.10%124,076 105,500 195
OA-Idaho-Other 2 0.30%38,500 38,500 201
OA-Other 1 0.10%105,900 105,900 37
Total Sales 720 100.00%173,632 138,000 186
2004 Sandpoint 690 73.50%$231,201 $179,000 100
Hope/Clark Fork 61 6.50%301,563 155,000 213
Bonners Ferry 2 0.20%134,250 134,250 94
Priest River/Lake 182 19.40%145,913 115,000 157
OA-Idaho-Other 2 0.20%190,625 190,625 111
OA-Other 2 0.20%64,450 64,450 64
Total Sales 939 100.00%218,593 165,000 119
2005 Sandpoint 605 71.80%$291,060 $229,000 103
Hope/Clark Fork 47 5.60%350,964 210,000 95
Bonners Ferry 3 0.40%260,167 171,500 160
Priest River/Lake 181 21.50%203,084 150,000 132
OA-Idaho-Other 4 0.50%174,925 180,100 98
OA-Other 3 0.40%130,267 144,800 141
Total Sales 843 100.00%274,278 210,000 109
2006 Sandpoint 437 72.50%$333,326 $255,000 134
Hope/Clark Fork 37 6.10%299,364 195,000 134
Priest River/Lake 126 20.90%235,678 183,000 126
OA-Idaho-Other 2 0.30%157,750 157,750 37
OA-Other 1 0.20%145,000 145,000 113
Total Sales 603 100.00%309,943 235,000 132
a Represents MLS only, does not include Condominium/townhouse sales
Year
The Real Estate Report Volume 42, Number 1
Spring 2018
325
FINANCING OF SINGLE-FAMILY DWELLINGS PURCHASES
BONNER COUNTY
Source: Selkirk Association of Realtors, MLS
Compiled by: 2002-2010 – Chris Schreiber, Kiemle and Hagood Co. (208) 770-2590
2011-Present – Stephanie Rief, Selkirk Association of Realtors (208) 265-2227
(continued)
Year Type Number
of Sales
Percent
of Total
Average Days
on Market
2018b Conventional 74 59.2%$322,001 $292,900 148
FHA 13 10.4%210,261 220,000 113
VA 6 4.8%294,666 303,000 125
Cash 29 23.2%264,782 225,000 133
Owner Carry 1 0.8%480,000 480,000 110
USDAc 2 1.6%145,000 145,000 131
IHAd 0 0.0%0 0 0
Total Sales 125 100.0%294,225 269,181 139
eOther includes Contracts for Deed, Private Sales, Exchanges
Average
Sales Price
Median
Sales Price
a MLS sales only, does not include condominium/townhouse sales
b Year to date through March 31, 2018 (Includes a few out of area sales)
c United States Dept. of Agriculture
d Idaho Housing Finance Authority
The Real Estate Report Volume 42, Number 1
Spring 2018
326
FINANCING OF SINGLE-FAMILY DWELLINGS PURCHASES
BONNER COUNTY
(continued)
Source: Selkirk Association of Realtors, MLS
Compiled by: 2002-2010 – Chris Schreiber, Kiemle and Hagood Co. (208) 770-2590
2011-Present – Stephanie Rief, Selkirk Association of Realtors (208) 265-2227
(continued)
Year Type Number
of Sales
Percent
of Total
Average Days
on Market
2014 Conventional 282 41.0%$318,003 $246,500 173
FHA 30 4.4%174,797 182,500 146
VA 51 7.4%218,673 223,500 135
Cash 285 41.5%314,835 254,000 140
Owner Carry 1 0.1%197,500 197,500 52
USDAc 31 4.5%147,598 138,000 127
IHAd 7 1.0%131,820 135,000 161
Total Sales 687 100.0%293,300 239,006 153
2015 Conventional 275 41.4%$320,987 $265,000 148
FHA 55 8.3%186,148 184,500 141
VA 45 6.8%270,365 245,000 125
Cash 258 38.9%294,328 240,000 127
Owner Carry 4 0.6%207,500 187,500 189
USDAc 24 3.6%149,537 152,500 163
IHAd 3 0.5%196,050 185,900 175
Total Sales 664 100.0%288,584 242,372 139
2016 Conventional 335 47.3%$315,216 $273,000 144
FHA 48 6.8%191,273 179,000 138
VA 48 6.8%277,880 248,950 147
Cash 252 35.6%338,408 269,000 129
Owner Carry 4 0.6%182,250 121,000 319
USDAc 17 2.4%163,570 168,500 102
IHAd 4 0.6%140,750 135,500 75
Total Sales 708 100.0%307,158 259,428 138
2017 Conventional 338 45.7%$352,670 $352,670 129
FHA 65 8.8%218,592 209,000 129
VA 43 5.8%298,605 275,500 134
Cash 271 36.7%384,800 332,000 122
Owner Carry 2 0.3%180,860 180,860 316
USDAc 18 2.4%166,214 175,000 108
IHAd 2 0.3%205,512 205,512 141
Total Sales 739 100.0%344,109 322,772 127
Average
Sales Price
Median
Sales Price
a MLS sales only, does not include condominium/townhouse sales
c United States Dept. of Agriculture
d Idaho Housing Finance Authority
eOther includes Contracts for Deed, Private Sales, Exchanges
The Real Estate Report Volume 42, Number 1
Spring 2018
327
FINANCING OF SINGLE-FAMILY DWELLINGS PURCHASES
BONNER COUNTY
(continued)
Source: Selkirk Association of Realtors, MLS
Compiled by: 2002-2010 – Chris Schreiber, Kiemle and Hagood Co. (208) 770-2590
2011-Present – Stephanie Rief, Selkirk Association of Realtors (208) 265-2227
(continued)
Year Type Number
of Sales
Percent
of Total
Average Days
on Market
2010 Conventional 163 40.1%$326,850 176
FHA 37 9.1%176,184 119
VA 14 3.4%221,957 201
Cash 136 33.4%283,745 143
Owner Carry 21 5.2%398,424 246
USDAc 29 7.1%144,317 140
IHAd 3 0.7%200,117 83
Lease Option 2 0.5%302,500 322
Othere 2 0.5%47,500 59
Total Sales 407 100.0%284,099 161
2011 Conventional 184 38.7%$292,225 $221,550 154
FHA 44 9.3%157,013 152,500 141
VA 17 3.6%196,188 175,000 130
Cash 175 36.8%257,412 135,500 138
Private 1 0.2%58,148 58,148 8
USDAc 51 10.7%141,572 144,900 152
IHAd 3 0.6%143,833 144,000 69
Total Sales 475 100.0%245,832 172,700 145
2012 Conventional 232 40.0%$264,834 $215,000 189
FHA 39 6.7%150,741 149,900 196
VA 29 5.0%192,927 169,900 183
Cash 230 39.7%228,261 165,300 165
Private 9 1.6%212,072 138,000 200
USDAc 33 5.7%148,325 150,000 130
IHAd 8 1.4%196,812 182,000 265
Total Sales 580 100.0%230,678 183,311 178
2013 Conventional 273 45.9%$270,446 $232,500 192
FHA 37 6.2%173,011 179,900 208
VA 26 4.4%233,180 215,000 170
Cash 234 39.3%211,739 162,628 154
Private 3 0.5%193,666 106,000 173
USDAc 22 3.7%150,809 151,000 164
IHAd 0 0.0%N/A N/A N/A
Total Sales 595 100.0%234,860 197,334 176
N/A
Average
Sales Price
Median
Sales Price
N/A
N/A
N/A
N/A
a MLS sales only, does not include condominium/townhouse sales
c United States Dept. of Agriculture
d Idaho Housing Finance Authority
eOther includes Contracts for Deed, Private Sales, Exchanges
N/A
N/A
N/A
N/A
N/A
The Real Estate Report Volume 42, Number 1
Spring 2018
328
FINANCING OF SINGLE-FAMILY DWELLINGS PURCHASES
BONNER COUNTY
(continued)
Source: Selkirk Association of Realtors, MLS
Compiled by: 2002-2010 – Chris Schreiber, Kiemle and Hagood Co. (208) 770-2590
2011-Present – Stephanie Rief, Selkirk Association of Realtors (208) 265-2227
(continued)
Year Type Number
of Sales
Percent
of Total
Average Days
on Market
2006 Conventional 389 64.5%$317,748 $248,000 130
FHA 4 0.7%166,475 165,100 176
VA 4 0.7%177,225 165,200 139
Cash 165 27.4%291,285 229,000 132
Owner Carry 26 4.3%213,877 142,450 167
Exchange 15 2.5%552,943 327,750 122
Total Sales 603 100.0%309,943 235,000 132
2007 Conventional 398 68.6%$322,268 $246,000 142
FHA 6 1.0%152,933 145,750 75
VA 6 1.0%240,092 242,425 161
Cash 139 24.0%393,329 279,500 131
Owner Carry 14 2.4%352,143 234,000 154
Exchange 8 1.4%418,875 234,000 142
IHA 9 1.6%174,822 170,000 107
Total Sales 580 100.0%336,462 250,000 138
2008 Conventional 276 62.4%$316,270 $275,000 143
FHA 18 4.1%170,668 178,525 113
VA 2 0.5%142,534 142,534 307
Cash 120 27.1%359,571 252,000 109
Owner Carry 14 3.2%238,736 165,000 194
USDAc 4 0.9%132,250 129,500 74
Exchange 6 1.4%1,010,250 787,500 243
IHAd 2 0.5%199,500 199,500 417
Total Sales 442 100.0%326,081 250,000 137
2009 Conventional 178 48.2%$296,579 $230,000 150
FHA 27 7.3%179,209 184,500 136
VA 6 1.6%166,167 173,000 187
Cash 100 27.1%263,969 183,850 125
Owner Carry 17 4.6%337,112 275,000 126
USDAc 32 8.7%165,473 166,700 130
IHAd 6 1.6%174,400 179,750 105
Othere 3 0.8%501,667 512,500 451
Total Sales 369 100.0%267,212 200,000 140
Average
Sales Price
Median
Sales Price
a MLS sales only, does not include condominium/townhouse sales
c United States Dept. of Agriculture
d Idaho Housing Finance Authority
eOther includes Contracts for Deed, Private Sales, Exchanges
The Real Estate Report Volume 42, Number 1
Spring 2018
329
FINANCING OF SINGLE-FAMILY DWELLINGS PURCHASES
BONNER COUNTY
(continued)
Source: Selkirk Association of Realtors, MLS
Compiled by: 2002-2010 – Chris Schreiber, Kiemle and Hagood Co. (208) 770-2590
2011-Present – Stephanie Rief, Selkirk Association of Realtors (208) 265-2227
Year Type Number
of Sales
Percent
of Total
Average Days
on Market
2002 Conventional 317 58.9%$167,228 $143,500 170
FHA 10 1.9%127,250 126,500 160
VA 6 1.1%102,483 96,500 183
Assumption 4 0.7%287,250 257,000 169
Cash 160 29.7%169,165 145,625 144
Owner Carry 37 6.9%86,015 70,000 205
Lease Option 2 0.4%75,000 75,000 440
IHA 2 0.4%77,425 77,425 181
Total Sales 538 100.0%160,969 132,250 166
2003 Conventional 395 54.9%$182,384 $143,500 170
FHA 5 0.7%99,900 95,000 160
VA 8 1.1%145,125 135,500 183
Cash 281 39.0%168,831 139,000 169
Owner Carry 25 3.5%103,377 63,000 144
USDA 2 0.3%96,000 96,000 205
Exchange 2 0.3%120,750 120,750 440
IHA 2 0.3%426,500 426,500 181
Total Sales 720 100.0%173,632 138,000 166
2004 Conventional 606 64.5%$228,426 $175,000 118
FHA 5 0.5%96,700 101,000 195
VA 5 0.5%111,392 112,900 269
Cash 275 29.3%206,961 147,000 111
Owner Carry 37 3.9%171,170 95,000 163
USDA 3 0.3%101,333 103,000 127
Exchange 7 0.7%304,657 320,000 116
IHA 1 0.1%107,500 107,500 77
Total Sales 939 100.0%218,593 165,000 119
2005 Conventional 552 65.5%$277,294 $224,250 112
FHA 8 0.9%111,646 119,000 131
VA 7 0.8%157,914 122,000 155
Cash 236 28.0%272,292 199,000 105
Owner Carry 19 2.3%243,537 155,000 166
USDA 3 0.4%111,667 127,000 142
Exchange 18 2.1%384,911 215,000 8
Total Sales 843 100.0%274,278 210,000 109
Average
Sales Price
Median
Sales Price
d Idaho Housing Finance Authority
eOther includes Contracts for Deed, Private Sales, Exchanges
a MLS sales only, does not include condominium/townhouse sales
c United States Dept. of Agriculture
The Real Estate Report Volume 42, Number 1
Spring 2018
330
BONNER COUNTY HOUSING STOCK
The Real Estate Report Volume 42, Number 1
Spring 2018
331
BONNER COUNTY HOME OWNERSHIP RATE
332
333
ADDENDA
334
The Real Estate Report Volume 42, Number 1
Spring 2018
335
REAL ESTATE PROFESSIONAL ASSOCIATIONS IN SPOKANE COUNTY
Name of Group Contact Person Phone No. Email Address
Spokane Mortgage
Lenders Association
Randy Cowell, President
(2017)
509-999-5321 rcowell@envoymortgage.com
Association of
Professional Mortgage
Women
Deidre Arnold, President
(2017)
509-227-5497 darnold@bannerbank.com
Spokane Association of
REALTORS
Robert Higgins,
Executive Officer
509-326-9222 rhiggins@spokanerealtor.com
Spokane Home Builders
Association
Jim Breidenbach,
President (2017)
Joel White, Executive
Officer
509-534-2267
509-532-4990
president@shba.com
jwhite@shba.com
Building Owners and
Managers Association
www.bomaspokane.org
Aaron Hayes, President
(2017)
aaron.hayes@globalcu.org
Spokane Real Estate
Traders Club
Darren Slackman,
President (2017)
Erik Nelson, Vice
President (2017)
509-622-3595
509-755-7514
dslackman@naiblack.com
erik.nelson@khco.com
International Right-of-Way
Association, Chapter 19
(Spokane)
Audie Neuson, President
(2017)
Brent Bergquam, Vice
President (2017)
509-465-3326
208-691-6435
Audie.neuson@williams.com
bergquamb@hotmail.com
The Appraisal Institute –
Inland Northwest Chapter Justin Stout, President
(2017)
Candi Coleman, Vice
President (2017)
509-241-0167
509-842-1816
justin.stout@bannerbank.com
National Association of REALTORS Institutes, Societies & Councils:
Society of Industrial and
Office REALTORS
Dave Black, Mbr CCIM,
MBA & SIOR
509-623-1000 dblack@naiblack.com
Certified Commercial
Investment Members
(CCIM)
Chris Bornhoft,
Secretary/Treasurer
(2017)
509-747-1051 chris@bornhoft.com
Institute of Real Estate
Management Teri Martinez, IREM
Association Executive
(2017)
Tom Hix, President
(2017)
John Stejer, President
Elect (2017)
509-326-9222
509-623-1000
509-482-0308
teri@spokanerealtor.com
thix@naiblack.com
The Real Estate Report Volume 42, Number 1
Spring 2018
336
REAL ESTATE PROFESSIONAL ASSOCIATIONS IN KOOTENAI COUNTY
Name of Group Contact Person Phone No. Email Address
Associated General
Contractors of America,
Inc.
Delwyn Mickelsen,
President (2017)
208-684-3803 mikoconst@gmail.com
Coeur d’Alene
Association of
REALTORS, Inc.
Tom Torgerson,
President (2017)
Ali Taylor, Executive
Officer
208-765-5554
208-667-0664
tomtorg@roadrunner.com
Ali@cdarealtors.com
Idaho Association of
Mortgage Professionals
Chuck Anderson,
Director
208-449-1789
North Idaho Building
Contractors Association
Shawn Anderson, 1st
Vice President (2017)
Dustin (Dusty) Harris,
Associate Vice President
(2017)
208-772-9333
208-667-9406
dharris@paynewest.com
The Real Estate Report Volume 42, Number 1
Spring 2018
337
DEVELOPMENT OFFICIALS IN SPOKANE COUNTY City of Spokane Building Code Vacant 625-6300
Director of Building
Development Financing Vacant 625-6325
Director of Community Development
Engineering Services Mike Taylor 625-6700
Director of Engineering Services
Historic Preservation Kristen Griffen 625-6543
(City/County) Historic Preservation Officer
Planning & Zoning Vacant 625-6060
Director of Planning
Spokane County Air Pollution Control William Dameworth 477-4727
Authority Director
Assessor Vicki Horton 477-3696
Assessor
Building Randy Vissia 477-3675
Director of Building & Code Enforcement
Development Financing Christine Barada 477-5722
Director of Comm. Develop. and Services
Engineering Bob Brueggeman 477-3600
County Engineer
Planning John Pederson 477-3675
Director of Planning
Spokane County Health Dr. Joel McCullough 324-1500
District Health Officer
Utilities & Stormwater Bruce Rawls 477-3604
Director of Utilities
City of Spokane Valley
John Hohman 720-5300
Community Development Director
Scott Kuhta 720-5334
Planning Manager
Doug Powell 720-5305
Acting Building Official
Neil Kersten 720-5000
Public Works Director
Airway Heights Marianne Morris 244-2552
City Planner
Cheney Tom Richardson 235-7235
Director of Planning
Deer Park Roger Krieger 276-8802
Director of Community Services
Medical Lake Doug Ross 299-7712
Public Works Director
Millwood Heather Cannon 924-0960
Planning Director
The Real Estate Report Volume 42, Number 1
Spring 2018
338
DEVELOPMENT OFFICIALS IN KOOTENAI COUNTY
City of Coeur d’Alene Growth Services Director Gordon Dobler (208) 769-2267
Building Inspection 769-2231
Engineering Gordon Dobler 769-2285
Planning Hilary Anderson 769-2270
City of Post Falls
City Administrator Shelly Enderud 773-3511
Community Develop. Dept. Jon Manley 773-8708
Finance Jason Faulkner 777-4504
City of Hayden
Community and Economic
Development
Connie Krueger 772-4411
City of Hayden Lake City Clerk Lynn Flagman 772-2161
City of Rathdrum Building Inspector Glen Miller 687-2700
Planning & Zoning Staci Armes 687-2700
Kootenai County
Highway Districts:
East Side John Pankratc 765-4714
Lakes Eric Shanley 772-7527
Post Falls Herb Heisel 765-3717
Worley Kevin Howard 686-2016
Panhandle Health District Dale Peck 667-9513
Planning/Zoning/Building David Callahan 446-1070
The Real Estate Report Volume 42, Number 1
Spring 2018
339
OTHER NORTHWEST REAL ESTATE RESEARCH REPORTS
Portland, Oregon (Quarterly)
Center for Real Estate Quarterly
Editor
Eric Fruits
Portland State University
HTTP://PDX.EDU/REALESTATE/CENTER-FOR-REAL-ESTATE-QUARTERLY
Seattle/Tacoma/Everett, Washington (Semi-Annual)
Editor/Publisher
Matthew Gardner
c/o Runstad Center for Real Estate Studies
University of Washington
424 Gould Hall
Box 355740
Seattle, WA 98195
(206) 685-8020
Thurston County, Washington (Annual)
Publisher of the Profile
Thurston Regional Planning Council
Olympia, WA
(360) 956-7575
HTTP://TRPC.ORG/DATA/PAGES/PROFILE.ASPX
Whatcom County, Washington (Annual)
Editor
Julia Hansen
Western Washington University
Bellingham, WA 98225
(360) 650-3204
E-Mail: Julie.hansen@wwu.edu
The Real Estate Report Volume 42, Number 1
Spring 2018
340
REAL ESTATE-RELATED WEBSITES
The most significant source of data on the Internet is from the 2010 U.S. Census and from the American
Community Survey. The American Factfinder at http://factfinder.census.gov is the primary look-up site to quickly
locate the most commonly sought information from the 2010 Census. Searches can be made from this page, with
pull-down menus, allowing a selection by region (from the U.S. as a whole, down to the county sub-division and
township level), linked to data series containing population, demographics, housing and geographic information.
This page also contains links to maps and other tools.
The following web sites contain information of real estate or economic interest, both locally and nationally. This
list is by no means all-inclusive. Please submit any additions or corrections to Carl Durkoop, MAI, at
cdurkoop@hotmail.com for inclusion in future issues of The Real Estate Report.
The Real Estate Report Volume 42, Number 1
Spring 2018
341
The Real Estate Report for Spokane & Kootenai Counties - Updated semi-annually, this report is a substantial
overview of the demographics, economic indicators, and real estate activity statistics of these two counties. The
web site includes summaries of the current market, a table of contents for the current report, listings of members
and affiliates, a demographic summary of each county, and an index to past Feature Articles.
http://www.skrerc.com
GOVERNMENT & UNIVERSITY-SPONSORED SITES
Government Information Sharing Project –This data provided by the Bureau of Census, the Bureau of
Economic Analysis, the National Center for Education Statistics and the MESA Group provides comparative
information and profiles on demographics, education and economics for the USA as a whole, individual states
and counties.
http://govinfo.kerr.orst.edu
U.S. Census Bureau – Despite the massive volume of data, this site is well organized and easily searched.
Included is actual census figures with estimates and projections, and links to the latest 2010 info on people,
business, geography and news.
http://www.census.gov
U.S. Department of Commerce, Bureau of Economic Analysis – Chock full of facts, this site leads to the
Department of Commerce’s timely economic news and to the BEA’s comprehensive data and methodological
reports for international, national and regional economies.
http://www.bea.doc.gov
U.S. Department of Housing & Urban Development – This site links to HUD’s current events, budgets, funds
available (updated daily), changes to processes and a lot more.
http://www.hud.gov
HUD Community Planning & Development – Here the Information Center provides copies of program
regulations, descriptions of model programs, case studies of affordable housing initiatives, publications on
expanding affordable housing opportunities, etc.
http://www.comcon.org
HUD’s Multifamily Housing, NW & Alaska – This site contains a lot of HUD information including easy-to-read
instructions on how to qualify and apply for low income apartments and on how to obtain financing to purchase
low income apartment buildings. Of particular note is the site’s Question and Answer section, which addresses
the most common issues.
http://www.hud.gov/local/sea/mfh/seamfhpg.html
HUD - Office of Housing – A very up-to-date site, it includes HUD and FHA loan information, current listings of
houses for sale, chat rooms designed specifically for appraisers, lenders, brokers, etc. and various departmental
reports.
http://www.hud.gov/fha/fhahome.html
HUD Office of Policy Development and Research - PD&R is responsible for maintaining current information on
housing needs, market conditions, and existing programs. Click here to learn more.
http://www.huduser.org
Washington State FHA – This site links into home ownership programs that include sales information and offers
an on-line FHA homebuyers’ kit. From here you can also link into national pages.
http://www.hud.gov/local/sea/seahssf.html
The Real Estate Report Volume 42, Number 1
Spring 2018
342
Washington State HUD – Get the latest HUD news at this site and link into national HUD and FHA information
as well.
http://www.hud.gov/local/sea/seahome.html
U.S. Department of Labor, Bureau of Labor Statistics – Exactly what one would expect, this site contains data
and statistics on all aspects of the U.S. labor force.
http://stats.bls.gov
Idaho State Government – From here there are links to a seemingly endless amount of information on the State
of Idaho. Elected officials, government agencies, employment opportunities, travel and leisure activities, even the
entire text of the state’s constitution are some of the subjects accessible from this site.
http://www2.state.id.us
Idaho Tax Assessor Database – From this data base accessibility is gained to assessors’ offices of participating
counties. From there, information links vary on each site. In Idaho, Kootenai, Bonner & Boundary counties were
not among those listed.
http://pubweb.nwu.edu/~cap440/assess.html
Idaho Transportation Department - Click below to learn all about Idaho’s $8 billion transportation system. Site
has links to information on road building and repair projects, winter road conditions as well as the department’s
press releases, the agency’s board members, the Division of Aeronautics and lots more.
http://www2.state.id.us/itd/itdhmpg.htm
Joint Center for Housing Studies - Among other topics, the 40 page report on The State of the Nation’s Housing
1999 is very interesting as is the economic indicators for home remodeling and a summary entitled The Future of
Manufactured Homes.
http://www.gsd.harvard.edu/jcenter
Northwest Income Indicators Project -- This web site contains programs to create graphic trends analysis of
local economic indicators, generate shift-share analysis of local employment growth, and customized tabulations
of economic data for the Regions and Counties of Washington.
http://niip.wsu.edu/Washington
Puget Sound Regional Council – Go to this site to find out how this association is involved with controlling
growth management in Puget Sound.
http://www.psrc.org
Washington Center for Real Estate Research – Notable on this site are tables organized by county showing a
snapshot of the housing market, existing home sales, median home prices, and affordability index. Also includes
newsletters, media articles and research summaries.
http://cbeunix.cbe.wsu.edu/~wcrer
Washington State Department of Revenue –On-line forms dominate this site. It also offers in- depth reports on
new state taxes and information on services and tax obligations for starting a new business in Washington.
http://www.wa.gov/dor/wador.htm
Washington State Department of Transportation – Similar to Idaho’s version, this site contains DOT info on
roads, freight, rail and ferries. Also of interest are the traffic cameras that show up-to-the-minute views of main
state highways.
http://www.wsdot.wa.gov
Washington State Government – The home page is titled “Access Washington” and the site delivers its promise
with handy drop down menus to assist in finding information on every subject related to the state.
http://www.wa.gov
The Real Estate Report Volume 42, Number 1
Spring 2018
343
PRIVATE & INDUSTRY-SPONSORED SITES
American Bankers Association – News and information on the banking industry, as well as other economic
reports. A “members only” section offers additional services and resources.
http://www.aba.com
America’s Community Bankers – News, updates and priority issues for the banking industry. This site also
offers additional services for members.
http://www.acbankers.org
American Homeowners Association – Despite their main goal of increasing membership, the AHA web pages
offer excellent tips on home buying, selling, financing, remodeling and lots more.
http://www.ahahome.com
American Real Estate and Urban Economics Association – This association focuses on networking and
analyzing real estate development, planning and economics. An intelligent, clubby site.
http://www.areuea.org
American Real Estate Society – Primarily aimed at real estate professors at colleges and universities, this
society’s website contains lots of academic research information.
http://www.aresnet.org
Appraisal Institute – The Appraisal Institute has over 19,000 members and has been educating appraisers for
over 60 years. Search this site to learn more about this organization.
http://www.appraisalinstitute.org
Association of Professional Mortgage Women – This organization, originated by 9 women in Seattle 35 years
ago, is now over 4,500 strong. Click below to get the whole story and learn how to join.
http://www.napmw.org
Building Industry Association of Washington – Publications, Programs, Member Services, Events Calendar
are some of the topics accessed through this site which is regularly updated by the BIAW
http://www.biaw.com
CCIM Commercial Real Estate Network – Read through “Success Strategies” to get an insight on how the
Internet can be a viable selling tool. This site also includes membership information for the commercial Realtor.
http://www.ccim.com
Coeur d’Alene Area Chamber of Commerce – All the usual chamber hype is accessed via this web page it
offers very readable and comprehensive charts on various demographics.
http://www.coeurdalenechamber.com
Coeur d’Alene Association of Realtors – Realtor and appraiser yellow pages, info on buying and selling, fair
housing, some legal issues as well as properties for sale are some of the pages to browse through here.
http://www.cdarealtors.com
Counselors of Real Estate – This organization provides advice on complex real property situations and land-
related matters. Membership is by invitation only. Click below for more details.
http://www.cre.org
Dupre & Scott Apartment Advisors - This site contains dozens of articles, tables, and graphs of current trends
in the western Washington apartment market.
http://www.dsaa.com
The Real Estate Report Volume 42, Number 1
Spring 2018
344
Fannie Mae – The nation’s largest provider of funds for home mortgages gives a very concise and easy-to-read
explanation of their services on this website.
http://www.fanniemae.com
Freddie Mac – These pages offer a lot of information about Freddie Mac and its efforts to provide homeowners
and renters with lower housing costs and better access to home financing.
http://www.freddiemac.com
Inland Empire Rental Association - This organization serves as a resource to private enterprise that owns or
manages residential rental properties. Go to this site for information on joining.
http://www.iera.org
Inland Northwest CCIM – Offering commercial brokerage and consulting services in WA, ID & MT, search this
chapter’s website for information on economic opportunities.
http://www.nwccim.com
Institute of Real Estate Management – This organization trains over 6,000 real estate management
professionals each year. Their site gives an overview of their courses, obtainable designations, literature and
membership.
http://www.irem.org
International Council of Shopping Centers – The ICSC is the global trade association of the shopping center
industry. Check out the 16 reasons for joining as well as lots of other information contained on this site.
http://www.icsc.org
International Real Estate Digest – Billed as “The World’s Foremost On Line Real Estate Magazine” IRED
reviews and evaluates all the links accessible here.
http://192.41.28.43
Master Builders Assoc. of King and Snohomish Counties – One of the nation’s top local homebuilder
organizations is revealed at this site.
http://www.mba-ks.com/index.html
Mortgage Bankers Association of America – This site contains headlines and information on both residential
and commercial lending for the banking professional and the consumer.
http://www.mbaa.org
NAHB Research Center – Keeping up with current technology in the home building industry is the Research
Center’s main focus. Click here to review their current programs.
http://www.nahbrc.org
National Association of Home Builders – This home page jumps right in with current news and then links to
lots of facts and figures about the home building industry.
http://www.nahb.com
National Association of Realtors – Divided into two categories “for Consumers” and “for Realtors”, this site links
into tons of information about the association.
http://www.realtor.com
Real Estate Educators Association – If you are a real estate educator this site is a “must see”.
http://www.holonet.net/realed
Real Estate Information Network – This website provides information on how to obtain information on real estate
data, statistics, products and services.
http://www.reinet.com
The Real Estate Report Volume 42, Number 1
Spring 2018
345
REAL Trends – This organization specializes in getting hard-to-find information and expert analysis to residential
real estate brokers. Click below for more.
http://www.realtrends.com
Resource Efficient Building and Remodeling Council – “Building smarter for the next generation” is the
council’s motto. Go to this site for information on building more efficiently.
http://www.rebarcouncil.org
Seattle-King County Association of Realtors – Browse the NWMLS, read articles on current event happenings
in the real estate industry in Western Washington and more at this site.
http://www.nwrealtor.com
Spokane Area Chamber of Commerce – Chamber activities, the value of membership, and much more is
obtained here.
http://www.spokanechamber.org
Spokane Area Economic Development Council – Information on Spokane’s workforce, growth trends, and
economic stability are some of the highlights of this website.
http://www.spokanedc.org
Spokane Association of Realtors – This matter-of-fact site simply explains the benefits of membership and links
to the easy to access MLS.
http://www.spokanerealtor.com
Spokane Home Builders Association – Handy drop down menus help you get to the information you’re looking
for be it Plan of the Week, SHBA news, consumer info or much more.
http://www.shba.com
Spokane Homeownership Resource Center – This site contains consumer information and direction for
assistance for first-time homebuyers in the Spokane area.
http://www.shorc.com
Spokane Valley Chamber of Commerce – Typical Chamber site, this one showcases the uniqueness of the
Spokane Valley.
http://www.svcc.org
Tacoma-Pierce County Association of Realtors – A list of Realtors, affiliates and real estate offices are easily
accessed on this site.
http://www.tpcar.org
U.S. Housing Markets - Calling itself the “no. 1 source of data on new home construction”, visit this site to
download the 104-page journal of housing activity which is published each quarter.
http://www.housingusa.com
Urban Land Institute –This organization serves as a resource in the area of long-term urban growth and their
website offers articles, data & demographics on a multitude of subjects.
http://www.uli.org
Washington Association of Realtors – This site has some general state information as well as extensive
“members only” privileges.
http://www.warealtor.com
Washington State Housing Finance Commission – This organization promotes homeownership in
Washington, and this site contains homeownership information for consumers and real estate professionals.
http://www.wshfc.org
The Real Estate Report Volume 42, Number 1
Spring 2018
346
LOCAL NEWSPAPERS AND JOURNALS
Coeur d’Alene Press – Today’s news, weather, sports, etc., plus 30-day archive of top stories.
http://www.cdapress.com
Journal of Business – Comprehensive business news for Spokane and Kootenai counties, with a searchable
archive of stories back to 1997.
http://www.spokanejournal.com
The Spokesman-Review – Online news, today’s headlines, searchable archives to 1994. Plus link to toys and
other services on spokane.net
http://www.spokesman.com/