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®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved. Real Estate Market Trends Lewis-Clark Valley March 19, 2014 Prepared by: Paul J. Roy, Manager, Coldwell Banker Tomlinson, Associates

LC Valley Real Estate Market Trends Report

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Page 1: LC Valley Real Estate Market Trends Report

®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Real Estate Market Trends

Lewis-Clark Valley

March 19, 2014Prepared by: Paul J. Roy, Manager, Coldwell Banker Tomlinson, Associates

Page 2: LC Valley Real Estate Market Trends Report

2 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Trend Report Methodology

• Data Source LC Valley Multiple Listing

Service

• Data Analyzed

— Active, Pending, Sold, Expired, and

Withdrawn Listings

• Only data in the Clarkston/Asotin and

Lewiston market areas used.

• Data deemed accurate as Reported

from source but not guaranteed.

Page 3: LC Valley Real Estate Market Trends Report

3 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Trend Report Methodology (cont.)

• Determining Remaining Months Inventory

— This is based on assumption:

• If no new listings came on the market and sales continued at

the same pace as the previous 12 month average, how many

months before there were no homes available.

• Industry standards states:

— 6 months is considered a Normal Market

— Under 6 Months a Seller’s Market

— More than 6 Months a Buyer’s Market

• Formula for remaining months of inventory (homes)

— Total yearly sales, divided by 12 months, equals average monthly

sales

— Number active listings divided by total monthly sales average,

equals remaining months of inventory

Page 4: LC Valley Real Estate Market Trends Report

Listing Activity

4 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 5: LC Valley Real Estate Market Trends Report

Sold Data by Quarter 2012 to Present

5 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 6: LC Valley Real Estate Market Trends Report

Average Days on Market

6 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 7: LC Valley Real Estate Market Trends Report

Price Per Square Footage Trends

7 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 8: LC Valley Real Estate Market Trends Report

Active Listings Available Compared to Number Homes Sold last 12 months

8 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 9: LC Valley Real Estate Market Trends Report

Homes Available by Price Range(6 months considered Normal Market Lower than 6 = Sellers Market – Higher than 6 = Buyers Market)

9 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 10: LC Valley Real Estate Market Trends Report

Homes Available by Size of Home(6 months considered Normal Market Lower than 6 = Sellers Market – Higher than 6 = Buyers Market)

10 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 11: LC Valley Real Estate Market Trends Report

What is the percentage of the list price to final contract price?

11 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 12: LC Valley Real Estate Market Trends Report

Actives and Sold by Price per Square Foot

12 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Square Footage

Page 13: LC Valley Real Estate Market Trends Report

Market Share by Number of Sales Top 5 Companies – Residential Sales Last 12 Months

13 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 14: LC Valley Real Estate Market Trends Report

Market Share by Volume - Top 5 Companies Residential Homes Sales Last 12 Months

14 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 15: LC Valley Real Estate Market Trends Report

Residential Market Share by Top 5 Companies Average Sold Price Last 12 Months

15 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 16: LC Valley Real Estate Market Trends Report

Residential Market Share by Top 5 Companies Average List Price Last 12 Months

16 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 17: LC Valley Real Estate Market Trends Report

Homes Priced $200,000 and Up –Number of Sales - Last 12 Months

17 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 18: LC Valley Real Estate Market Trends Report

Homes Priced $200,000 and Up –Average Sold Market Time Last 12 Months

18 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 19: LC Valley Real Estate Market Trends Report

Homes Priced $200,000 and Up –Average List to Sales Price Ratio

19 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Page 20: LC Valley Real Estate Market Trends Report

UNEMPLOYMENT RATE IN LEWISTON, ID-CLARKSTON, WA (MSA)

20 ®2006 Coldwell Banker Real Estate Corporation. All Rights Reserved.

Unemployment Rate was last reported at 5.20 % in December of 2013, according to the United States Federal Reserve.

Unemployment Rate for this area averaged 5.0344 % since its inception reaching a record high of 9.4000 % and a record

low of 2.4000 %. This page includes actual values, historical data, forecast, chart, statistics, economic calendar and

news for Unemployment Rate.