ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lincoln County Monthly Market Update
Land
2016 vs. 2017 Year End Update
The average number of Days on Market decreased 19%
in 2017
New Listings increased 28%
Closed Sales increased 16%
The Average Sales Price increased 10% in 2017
92% of the Original Listing Price was received at closing
P.O. Box 1484, 1115 West 9th Street, Libby, MT 59923
Office: (406) 293-7721|Toll Free: (800) 858-3785| Fax: (406) 293-5168
WWW.ERALAMBROS.COM
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Local Market Update|2016 - 2017
Lincoln
County
Land
+28% +16% +10%%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
2016 - 2017
2016 2017 +/-
New Listings 423 540 +28%
Closed Sales 141 164 +16%
Median Sales Price $58K $54K -7%
Average Sales Price $82K $90K +10%
Avg. % of Original List Price Received 87% 92% +5%
Average Days on Market Until Sale 383 310 -19%
New Listings
2016 2017
Closed Sales
2016 2017
40
20
30
15
20
10
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
$150,000
600
500
$100,000
400
$50,000
300
200
$0
100
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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