Lake County Land Update - January 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

LAND


The average number of Days on Market is down 21% in

January 2018

New Listings are down 22%

Closed Sales are down 20%



The Average Sales Price is down 49% year to date

92% of the Original Listing Price is received at closing

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

Local Market Update | January 2018

Lake

County

-22% -20% -21%

Change in Change in Change in

New Listings Closed Sales Days on Market

Land

January

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 37 29 -22% 37 29 -22%

Closed Sales 10 8 -20% 10 8 -20%

Median Sales Price $114K $57K -50% $114K $57K -50%

Average Sales Price $280K $143K -49% $280K $143K -49%

Avg. % of Original List Price Received 87% 92% +5% 87% 92% +5%

Average Days on Market Until Sale 633 503 -21% 633 503 -21%

New Listings

2017 2018

Closed Sales

2017 2018

80

25

60

20

40

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

2017 2018

Average Days on Market

2017 2018

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

800

600

400

200

0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 09/01/2017 through 09/30/2017.

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