ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lake County Monthly Market Update
LAND
The average number of Days on Market is up 35% in
October and up 34% year to date
New Listings are down 39%
Closed Sales are up 14%
The Average Sales Price is down 44% and up 12% year to
date
95% of the Original Listing Price is received at closing
Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373
WWW.ERALAMBROS.COM
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Local Market Update|October 2017
Lake
County
-39% +14% +35%
Change in Change in Change in
New Listings Closed Sales Days on Market
Land
October
Year to Date
2016 2017 +/- 2016 2017 +/-
New Listings 36 22 -39% 510 404 -21%
Closed Sales 7 8 +14% 114 133 +17%
Median Sales Price $80K $79K -1% $65K $73K +12%
Average Sales Price $183K $103K -44% $117K $131K +12%
Avg. % of Original List Price Received 84% 95% +11% 88% 91% +3%
Average Days on Market Until Sale 458 619 +35% 334 446 +34%
New Listings
2016 2017
Closed Sales
2016 2017
120
25
100
80
60
40
20
20
15
10
5
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
0
Jan Feb Mar Apr May Jun
Jul Aug Sep Oct Nov Dec
Average Sales Price
2016 2017
Average Days on Market
2016 2017
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
800
600
400
200
0
Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 10/01/2017 through 10/31/2017.
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