Lincoln County Land Market Update - October 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lincoln County Monthly Market Update

LAND


The average number of Days on Market is down 56% in

October and down 16% year to date

New Listings are up 71%

Closed Sales are up 70%



The Average Sales Price is up 37% in October and down

3% year to date

88% 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


Local Market Update|October 2017

Lincoln

County

+71% +70% -56%

Change in Change in Change in

New Listings Closed Sales Days on Market

Land

October

Year to Date

2016 2017 +/- 2016 2017 +/-

New Listings 21 36 +71% 377 502 +33%

Closed Sales 10 17 +70% 81 138 +70%

Median Sales Price $64K $65K +2% $64K $53K -17%

Average Sales Price $78K $107K +37% $90K $87K -3%

Avg. % of Original List Price Received 85% 88% +3% 89% 90% +1%

Average Days on Market Until Sale 498 217 -56% 394 329 -16%

New Listings

2016 2017

Closed Sales

2016 2017

40

20

30

15

20

10

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

$120,000

$100,000

$80,000

$60,000

$40,000

$20,000

$0

600

400

200

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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