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
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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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