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08-17_Spokane_Association_of_Realtors
Spokane Association of REALTORS® Multiple Listing Service Residential Site Built and Condo in Spokane County (on less than one acre) Presenter: Sabrina Jones-Schroder, J.D. Designated Broker/Owner - EXIT Real Estate Professionals 2018 SAR MLS Steering Committee Chair - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 12,833 9,782 9,919 8,701 8,507 9,642 9,954 10,303 10,594 10,635 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 4,910 4,666 4,252 4,025 4,533 5,510 5,829 6,892 7,601 8,137 - 50,000 100,000 150,000 200,000 250,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 206,303 187,583 183,468 167,456 177,272 182,595 186,275 197,439 212,121 228,732 184,000 169,000 163,312 154,300 160,000 164,697 168,000 179,900 195,000 210,000 Average Median - 500 1,000 1,500 2,000 2,500 10-Valley 20-South 30-NW 30-NE 70-DT 40-WP 50-60-OS 2016 2017 - 50,000 100,000 150,000 200,000 250,000 300,000 350,000 10-Valley 20-South 30-NW 30-NE 70-DT 40-WP 50-60 OS 2016 2017 - 50,000 100,000 150,000 200,000 250,000 10-Valley 20-South 30-NW 30-NE 70-DT 40-WP 50-60 OS 2016 2017 UNDER $70,000 $70,000-$84,999 $85,000-$99,999 $100,000-$124,999 $125,000-$149,999 $150,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$349,999 $350,000-$399,000 $400,000 & OVER 1.8 2.1 3.3 9.4 14 26.3 18.2 9.9 5.6 3.4 6.1 2007 UNDER $70,000 $70,000-$84,999 $85,000-$99,999 $100,000-$124,999 $125,000-$149,999 $150,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$349,999 $350,000-$399,000 $400,000 & OVER 1.7 2.6 3.7 8.9 13.5 28.9 18.4 9.3 4.8 2.9 5.3 2008 UNDER $70,000 $70,000-$84,999 $85,000-$99,999 $100,000-$124,999 $125,000-$149,999 $150,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$349,999 $350,000-$399,999 $400,000 & OVER 2.8 2.8 4.4 11.2 16.6 29.2 16.3 7.8 3.4 2.1 3.6 2009 UNDER $70,000 $70,000-$84,999 $85,000-$99,999 $100,000-$124,999 $125,000-$149,999 $150,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$349,999 $350,000-$399,999 $400,000 & OVER 5.1 3.4 4.8 12.3 15.3 28.3 13.7 7.4 3.8 2.6 3.5 2010 UNDER $70,000 $70,000-$84,999 $85,000-$99,999 $100,000-$124,999 $125,000-$149,999 $150,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$349,999 $350,000-$399,999 $400,000 & OVER 10.9 4.5 6.1 12 14 25.6 12.9 6.5 3.1 1.8 2.6 2011 UNDER 70,000 $70,000-$84,999 $85,000-$99,999 $100,000-$124,999 $125,000-$149,999 $150,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$349,999 $350,000-$399,999 $400,000 & OVER 7.9 4.1 4.7 10.4 14.5 25.2 14.4 8.8 3.8 2.6 3.6 2013 UNDER $70,000 $70,000-$84,999 $85,000-$99,999 $100,000-$124,999 $125,000-$149,999 $150,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$349,999 $350,000-$399,999 $400,000 & OVER 9.1 4.7 5.4 10.3 14.2 25.8 13.1 7.6 3.8 2.6 3.2 2012 UNDER $70,000 $70,000-$84,999 $85,000-$99,999 $100,000-$124,999 $125,000-$149,999 $150,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$349,999 $350,00-$399,999 $400,000 & OVER 7.8 4 5.2 9.8 13.2 24.8 14.9 9 4.7 2.9 3.7 2014 UNDER $70,000 $70,000-$84,999 $85,000-$99,999 $100,000-$124,999 $125,000-$149,999 $150,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$349,999 $350,000-$399,999 $400,000 & OVER 5.9 3.2 4.1 9.3 12.8 24.3 17.2 10.3 5.4 3 4.5 2015 UNDER $70,000 $70,000-$84,999 $85,000-$99,999 $100,000-$124,999 $125,000-$149,999 $150,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$349,999 $350,000-$399,999 $400,000 & OVER 3.9 2.3 2.9 7.8 10.7 24.7 20.3 12.5 6 3.7 5.2 2016 UNDER $70,000 $70,000-$84,999 $85,000-$99,999 $100,000-$124,999 $125,000-$149,999 $150,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$349,999 $350,000-$399,999 $400,000 & OVER 2.2 1.7 2.3 6.1 9.1 20.9 19.2 14.4 8.5 5.2 10.4 2017 YEAR SALES AVERAGE PRICE MEDIAN PRICE ALL AREAS 2017 790 328,839 308,667 2016 850 290,399 267,357 2015 715 283,774 260,527 2014 652 $273,372 254,199 2013 692 258,414 237,603 2012 540 245,691 219,594 2011 498 228,572 204,930 2010 554 231,974 206,392 2009 568 262,460 219,925 2008 805 286,677 248,944 1,153 1,094 1,268 1,457 1,686 1,871 1,977 2,014 1,918 1,709 1,360 1,010 1,543 1,685 1,752 1,934 2,044 2,081 2,114 2,035 1,903 1,709 1,390 1,156 1,907 2,093 2,157 2,307 2,423 2,466 2,493 2,400 2,293 2,073 1,866 1,491 1,000 1,500 2,000 2,500 3,000 3,500 January February March April May June July August September October November December Active Listings Active Listings 2017 Active Listings 2016 Active Listings 2015 $206,531 $205,077 $220,984 $224,351 $227,530 $233,756 $235,241 $234,870 $236,325 $227,733 $231,512 $233,302 $191,266 $200,245 $204,652 $205,801 $218,542 $217,604 $222,321 $215,382 $215,557 $216,344 $206,837 $209,646 $176,475 $187,343 $182,738 $190,578 $192,400 $204,483 $211,837 $203,532 $200,220 $201,766 $201,817 $195,690 150,000 155,000 160,000 165,000 170,000 175,000 180,000 185,000 190,000 195,000 200,000 205,000 210,000 215,000 220,000 225,000 230,000 235,000 240,000 245,000 January February March April May June July August September October November December Average Sales Price Average Sales Price (Closed) 2017 Average Sales Price (Closed) 2016 Average Sales Price (Closed) 2015 $195,000 $185,000 $204,900 $201,900 $208,250 $217,000 $217,000 $218,000 $215,000 $209,900 $209,950 $215,000 $175,000 $185,000 $187,500 $191,500 $200,000 $196,975 $208,000 $199,900 $201,000 $198,000 $192,750 $191,215 $160,000 $173,000 $169,900 $170,000 $175,000 $183,500 $190,000 $185,000 $183,000 $180,000 $176,500 $176,000 $140,000 $150,000 $160,000 $170,000 $180,000 $190,000 $200,000 $210,000 $220,000 $230,000 January February March April May June July August September October November December Median Sales Price Median Sales Price (Closed) 2017 Median Sales Price (Closed) 2016 Median Sales Price (Closed) 2015 378 335 555 525 770 944 806 902 743 803 705 628 352 339 495 585 702 792 751 821 781 665 608 664 343 325 494 554 647 766 755 694 657 591 437 597 100 200 300 400 500 600 700 800 900 1,000 January February March April May June July August September October November December Closed Sales Closed Sales 2017 Closed Sales 2016 Closed Sales 2015 22.0% 14.0% 13.2% 13.4% 10.7% 6.6% 4.9% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 2011 2012 2013 2014 2015 2016 2017 % of REO Sales - Annually % of REO Sales - Annually 4105 4800 6108 5780 6025 6195 5869 4864 4775 4815 5274 5443 5443 5324 5898 6243 7218 7758 8373 7792 6935 4910 4666 4253 4025 4533 5510 5820 6863 7601 8137 3000 4000 5000 6000 7000 8000 9000 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Annual Number of Sales - 1987 - 2017 (Residential Site Built on less than one acre and Condo) 5.1% -0.1% 1.7% 0.5% 1.6% 3.7% 9.1% 15.0% 17.6% 10.3% 10.2% 2.6% 1.6% 1.3% 0.6% 3.0% -0.9% 3.1% 2.5% 7.4% 9.0% 17.9% 14.3% 7.3% -2.6% -9.1% -2.2% -8.6% 5.90% 3.0% 2.0% 6.1% 7.4% 7.80% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% % Change Year to Year - Average (MEAN) Selling Price 4.3% 0.0% 4.0% 1.0% 0.0% 1.0% 4.7% 16.2% 18.6% 11.8% 11.1% 4.7% 2.0% 2.4% 1.0% 1.8% -1.7% 4.8% 1.4% 7.5% 7.6% 16.3% 16.7% 5.9% -0.8% -8.2% -3.3% -5.2% 3.70% 2.9% 2.0% 7.1% 8.4% 7.70% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% % Change Year to Year - Median Selling Price FHFA GSI Benchmark Cities – 2017 3rd Quarter % Change in Prices 1 Year 5 Year 1. Seattle/Bellevue/Everett, WA 14.15 68.87 2. Tacoma/Lakewood, WA 12.69 52.59 3. Boise, ID 12.38 65.50 4. Salt Lake City, UT 10.58 45.66 5. Colorado Springs, CO 10.22 35.82 6. Portland/Vancouver, Hillsboro, OR 9.80 64.22 7. Spokane/Spokane Valley, WA 9.71 30.38 8. Reno, NV 9.56 94.74 9. Tucson, AZ 8.70 33.39 10. Raleigh, NC 7.41 29.57 11. Madison, WI 7.12 21.43 12. Albuquerque, NM 5.21 14.42 FHFA Washington – 2017 3rd Quarter % Change in Prices 1 Year 5 Year 1. Seattle/Bellevue/Everett, WA 14.15 68.87 2. Tacoma/Lakewood, WA 12.69 52.59 3. Bellingham, WA 12.68 38.83 4. Longview, WA 12.59 41.54 5. Mount Vernon/Anacortes, WA 11.07 42.33 6. Olympia/Tumwater 10.39 33.61 7. Bremerton/Silverdale, WA 10.23 42.92 8. Kennewick/Pasco/Richland, WA 9.99 28.00 9. Wenatchee, WA 9.86 37.92 10. Portland/Vancouver/Hillsboro, OR/WA 9.80 64.22 11. Spokane/Spokane Valley, WA 9.71 30.38 12. Yakima, WA 9.49 22.46 13. Walla Walla, WA 5.85 25.83 14. Lewiston, ID/Clarkston, WA 4.48 21.69 OTHER Coeur d’Alene, ID 13.57 53.05 Missoula, MT 6.95 24.74 FHFA Washington – 2017 3rd Quarter (continued) % Change in Prices 1 Year 5 Year Thank you!