Lincoln County Land Market Update - November 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lincoln County Monthly Market Update

LAND


The average number of Days on Market is down 46% in

November and up 15% year to date

New Listings are up 11%

Closed Sales are down 40%



The Average Sales Price is down 25% in November and

down 1% year to date

94% 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|November 2017

Lincoln

County

+11% -40% -46%

Change in Change in Change in

New Listings Closed Sales Days on Market

Land

November

Year to Date

2016 2017 +/- 2016 2017 +/-

New Listings 19 21 +11% 529 425 -20%

Closed Sales 15 9 -40% 101 149 +48%

Median Sales Price $58K $46K -21% $64K $52K -19%

Average Sales Price $76K $57K -25% $87K $86K -1%

Avg. % of Original List Price Received 84% 94% +10% 89% 90% +1%

Average Days on Market Until Sale 280 152 -46% 373 318 +15%

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

Average Days on Market

2016 2017

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

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