Flathead County LandUpdate - January 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

LAND


The average number of Days on Market is up 25% in

January 2018

New Listings are up 6%

Closed Sales are up 64%



The Average Sales Price is up 57% year to date

91% of the Original Listing Price is received at closing

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Local Market Update | January 2018

Flathead

County

+6% +64% +25%

Change in Change in Change in

New Listings Closed Sales Days on Market

Land

January

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 81 86 +6% 81 86 +6%

Closed Sales 33 54 +64% 33 54 +64%

Median Sales Price $92K $125K +36% $92K $125K +36%

Average Sales Price $118K $185K +57% $118K $185K +57%

Avg. % of Original List Price Received 94% 91% -3% 94% 91% -3%

Average Days on Market Until Sale 324 404 +25% 324 404 +25%

New Listings

2017 2018

Closed Sales

2017 2018

250

80

200

150

100

50

60

40

20

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

2017 2018

2017 2018

$200,000

$150,000

$100,000

$50,000

$0

500

400

300

200

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 01/01/2017 through 01/31/2018.

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