EOY Flathead Residential Update 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

Residential

2016 vs. 2017 Year End Update


The average number of Days on Market increased 2% in

2017

New Listings decreased 2%

Closed Sales increased 12%

The Average Sales Price increased 8% in 2017


97% of the Original Listing Price was received at closing

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Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update|2016 - 2017

Flathead

County

Residential

-2% +12% +8%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

2016 - 2017

2016 2017 +/-

New Listings 2,730 2,668 -2%

Closed Sales 1,681 1,882 +12%

Median Sales Price $255K $275K +8%

Average Sales Price $327K $353K +8%

Avg. % of Original List Price Received 95% 97% +2%

Average Days on Market Until Sale 158 161 +2%

New Listings

2016 2017

Closed Sales

2016 2017

250

250

200

200

150

150

100

100

50

50

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

$500,000

250

$400,000

200

$300,000

150

$200,000

$100,000

$0

100

50

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 01/01/2016 through 12/31/2017.

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