EOY Lake Residential Update Polson 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

Residential

2016 vs. 2017 Year End Update

The average number of Days on Market decreased 5%

in 2017.

New Listings decreased 4%

Closed Sales decreased 2%

The Average Sales Price decreased 5% in 2017


93% 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

-4% -2% -5%

Change in Change in Change in

New Listings Closed Sales Average Sales

Residential

2016 - 2017

2016 2017 +/-

New Listings 653 624 -4%

Closed Sales 372 363 -2%

Median Sales Price $250K $239K -4%

Average Sales Price $318K $303K -5%

Avg. % of Original List Price Received 94% 93% -1%

Average Days on Market Until Sale 249 237 -5%

New Listings

2016 2017

Closed Sales

2016 2017

120

60

100

50

80

40

60

30

40

20

20

10

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

$400,000

$300,000

$200,000

$100,000

$0

400

300

200

100

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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