EOY Lake Land Update 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

Land

2016 vs. 2017 Year End Update


The average number of Days on Market increased by

17% in 2017

New Listings decreased 18%

Closed Sales increased 10%

The Average Sales Price increased 11% in 2017


92% of the Original Listing Price was received at closing

#2 South Bayshore Drive Polson, MT 59860

Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update|2016 - 2017

Lake

County

Land

-18% +10% +11%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

2016 - 2017

2016 2017 +/-

New Listings 572 467 -18%

Closed Sales 135 148 +10%

Median Sales Price $65K $76K +17%

Average Sales Price $119K $132K +11%

Avg. % of Original List Price Received 90% 92% +2%

Average Days on Market Until Sale 379 442 +17%

New Listings

2016 2017

Closed Sales

2016 2017

120

25

100

80

60

40

20

20

15

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

2016 2017

Average Days on Market

2016 2017

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

800

600

400

200

0

Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2016 through 12/31/2017.

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