EOY Lincoln Land Update 2017

eralambros

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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