Lincoln County Land Market Update - October 2017
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Lincoln</strong> <strong>County</strong> Monthly <strong>Market</strong> <strong>Update</strong><br />
LAND<br />
<br />
The average number of Days on <strong>Market</strong> is down 56% in<br />
<strong>October</strong> and down 16% year to date<br />
New Listings are up 71%<br />
Closed Sales are up 70%<br />
<br />
<br />
The Average Sales Price is up 37% in <strong>October</strong> and down<br />
3% year to date<br />
88% of the Original Listing Price is received at closing<br />
P.O. Box 1484, 1115 West 9th Street, Libby, MT 59923<br />
Office: (406) 293-7721|Toll Free: (800) 858-3785| Fax: (406) 293-5168<br />
WWW.ERALAMBROS.COM
Local <strong>Market</strong> <strong>Update</strong>|<strong>October</strong> <strong>2017</strong><br />
<strong>Lincoln</strong><br />
<strong>County</strong><br />
+71% +70% -56%<br />
Change in Change in Change in<br />
New Listings Closed Sales Days on <strong>Market</strong><br />
<strong>Land</strong><br />
<strong>October</strong><br />
Year to Date<br />
2016 <strong>2017</strong> +/- 2016 <strong>2017</strong> +/-<br />
New Listings 21 36 +71% 377 502 +33%<br />
Closed Sales 10 17 +70% 81 138 +70%<br />
Median Sales Price $64K $65K +2% $64K $53K -17%<br />
Average Sales Price $78K $107K +37% $90K $87K -3%<br />
Avg. % of Original List Price Received 85% 88% +3% 89% 90% +1%<br />
Average Days on <strong>Market</strong> Until Sale 498 217 -56% 394 329 -16%<br />
New Listings<br />
2016 <strong>2017</strong><br />
Closed Sales<br />
2016 <strong>2017</strong><br />
40<br />
20<br />
30<br />
15<br />
20<br />
10<br />
10<br />
5<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
2016 <strong>2017</strong><br />
Average Days on <strong>Market</strong><br />
2016 <strong>2017</strong><br />
$120,000<br />
$100,000<br />
$80,000<br />
$60,000<br />
$40,000<br />
$20,000<br />
$0<br />
600<br />
400<br />
200<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the Missoula <strong>County</strong> Association of REALTORS®, Inc. for the period of 10/01/<strong>2017</strong> through 10/31/<strong>2017</strong>.
Change language