Lincoln County Land Market Update - November 2017
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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 46% in<br />
<strong>November</strong> and up 15% year to date<br />
New Listings are up 11%<br />
Closed Sales are down 40%<br />
<br />
<br />
The Average Sales Price is down 25% in <strong>November</strong> and<br />
down 1% year to date<br />
94% 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>November</strong> <strong>2017</strong><br />
<strong>Lincoln</strong><br />
<strong>County</strong><br />
+11% -40% -46%<br />
Change in Change in Change in<br />
New Listings Closed Sales Days on <strong>Market</strong><br />
<strong>Land</strong><br />
<strong>November</strong><br />
Year to Date<br />
2016 <strong>2017</strong> +/- 2016 <strong>2017</strong> +/-<br />
New Listings 19 21 +11% 529 425 -20%<br />
Closed Sales 15 9 -40% 101 149 +48%<br />
Median Sales Price $58K $46K -21% $64K $52K -19%<br />
Average Sales Price $76K $57K -25% $87K $86K -1%<br />
Avg. % of Original List Price Received 84% 94% +10% 89% 90% +1%<br />
Average Days on <strong>Market</strong> Until Sale 280 152 -46% 373 318 +15%<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 />
Average Days on <strong>Market</strong><br />
2016 <strong>2017</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 11/01/<strong>2017</strong> through 11/30/<strong>2017</strong>.
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