Lincoln County Residential Update - October 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lincoln County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is up 44% in

October and down 4% year to date

New Listings are up 19%

Closed Sales are up 179%



The Average Sales Price is down 39% in October and down

21% year to date

96% of the Original Listing Price is received at closing

P.O. Box 1484, 1115 West 9th Street, Libby, MT 59923

Office: (406) 293-7721|Toll Free: (800) 858-3785| Fax: (406) 293-5168

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update|October 2017

Lincoln

County

Residential

+19% +179% -39%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

October

Year to Date

2016 2017 +/- 2016 2017 +/-

New Listings 21 25 +19% 356 446 +25%

Closed Sales 14 39 +179% 155 244 +57%

Median Sales Price $281K $142K -49% $200K $165K -18%

Average Sales Price $287K $174K -39% $259K $204K -21%

Avg. % of Original List Price Received 94% 96% +2% 94% 95% +1%

Average Days on Market Until Sale 151 217 +44% 231 221 -4%

New Listings

2016 2017

Closed Sales

2016 2017

40

50

30

40

20

10

30

20

10

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

Average Days on Market

$400,000

$300,000

$200,000

2016 2017

300

200

2016 2017

$100,000

100

$0

0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 10/01/2017 through 10/31/2017.

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