Flathead County Land Market Update - November 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

LAND


The average number of Days on Market is down 9% in

November and down 0.3% year to date

New Listings are down 28%

Closed Sales are down 2%



The Average Sales Price is down 16% in November and

down 10% year to date

89% of the Original Listing Price is received at closing

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Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update|November 2017

Flathead

County

-28% -2% -9%

Change in Change in Change in

New Listings Closed Sales Days on Market

Land

November

Year to Date

2016 2017 +/- 2016 2017 +/-

New Listings 95 68 -28% 1,287 1,335 +4%

Closed Sales 54 53 -2% 535 585 +9%

Median Sales Price $78K $95K +22% $89K $92K +3%

Average Sales Price $155K $130K -16% $161K $145K -10%

Avg. % of Original List Price Received 90% 89% -1% 91% 92% +1%

Average Days on Market Until Sale 442 403 -9% 365 364 -0.3%

New Listings

2016 2017

Closed Sales

2016 2017

100

80

80

60

40

20

60

40

20

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

$200,000

500

$150,000

400

$100,000

$50,000

$0

300

200

100

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 11/01/2017 through 11/30/2017.

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