market trends report aug 2014 lc valley

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

Real Estate Market Trends

Lewis-Clark Valley

August 1, 2014Prepared by: Paul J. Roy, Manager, Coldwell Banker Tomlinson, Associates

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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Withdrawn Listings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.

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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

Listing Activity by Quarter

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Sold Data by Quarter 2012 to Present

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Average Days on Market

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Price Per Square Footage Trends

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Active Listings Available Compared to Number Homes Sold last 12 months

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

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

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

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Actives and Sold by Price per Square Foot Last 12 Months

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Square Footage

Market Share by Volume Top 5 Companies –Residential Listing Past 12 Months – LC Valley

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Market Share by Number of Sales Top 5 Companies – Residential Sales - LC Valley

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Residential by Top 5 Companies Average List Price – LC Valley

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Residential by Top 5 Companies Average Sold Price – LC Valley

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Residential by Top 5 Companies Average Sold Marketing Time

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Homes Priced $200,000 and Up –Volume of Sales- Last 12 Months – LC Valley

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Homes Priced $200,000 and Up –Volume of Sales- Last 12 Months – LC Valley

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

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

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

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