Lake County Land Market Update - October 2017

eralambros

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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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.

More magazines by this user
Similar magazines