EOY Flathead Land Update 2017
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Flathead</strong> County Monthly Market <strong>Update</strong><br />
<strong>Land</strong><br />
2016 vs. <strong>2017</strong> Year End <strong>Update</strong><br />
The average number of Days on Market decreased 3%<br />
in <strong>2017</strong><br />
New Listings decreased 2%<br />
Closed Sales increased 11%<br />
The Average Sales Price decreased 12% in <strong>2017</strong><br />
<br />
92% of the Original Listing Price was received at closing<br />
WWW.ERALAMBROS.COM
Jan<br />
Feb<br />
Mar<br />
Apr<br />
May<br />
Jun<br />
Jul<br />
Aug<br />
Sep<br />
Oct<br />
Nov<br />
Dec<br />
Local Market <strong>Update</strong>|2016 - <strong>2017</strong><br />
<strong>Flathead</strong><br />
County<br />
<strong>Land</strong><br />
-2% +11% -12%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
2016 - <strong>2017</strong><br />
2016 <strong>2017</strong> +/-<br />
New Listings 1,336 1,313 -2%<br />
Closed Sales 574 638 +11%<br />
Median Sales Price $90K $95K +6%<br />
Average Sales Price $163K $144K -12%<br />
Avg. % of Original List Price Received 92% 92% 0%<br />
Average Days on Market Until Sale 365 355 -3%<br />
New Listings<br />
2016 <strong>2017</strong><br />
Closed Sales<br />
2016 <strong>2017</strong><br />
100<br />
80<br />
80<br />
60<br />
40<br />
20<br />
60<br />
40<br />
20<br />
0<br />
Jan Feb Mar Apr May Jun 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 Market<br />
2016 <strong>2017</strong><br />
$200,000<br />
500<br />
$150,000<br />
400<br />
$100,000<br />
$50,000<br />
$0<br />
300<br />
200<br />
100<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 01/01/2015 through 12/31/2016.
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