Lake County Residential Update - January 2018
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Lake</strong> <strong>County</strong> Monthly Market <strong>Update</strong><br />
RESIDENTIAL<br />
<br />
The average number of Days on Market is down 39% in<br />
<strong>January</strong> <strong>2018</strong><br />
New Listings are down 4%<br />
Closed Sales are up 6%<br />
<br />
<br />
The Average Sales Price is up 39% year to date<br />
94% of the Original Listing Price is received at closing<br />
Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373<br />
WWW.ERALAMBROS.COM
Jan<br />
Feb<br />
Mar<br />
Apr<br />
May<br />
Jun<br />
Jul<br />
Aug<br />
Sep<br />
Oct<br />
Nov<br />
Dec<br />
Local Market <strong>Update</strong> | <strong>January</strong> <strong>2018</strong><br />
<strong>Lake</strong><br />
<strong>County</strong><br />
-4% +6% -39%<br />
Change in Change in Change in<br />
New Listings Closed Sales Days on Market<br />
<strong>Residential</strong><br />
<strong>January</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 26 25 -4% 26 25 -4%<br />
Closed Sales 18 19 +6% 18 19 +6%<br />
Median Sales Price $243K $239K -2% $243K $239K -2%<br />
Average Sales Price $211K $294K +39% $211K $294K +39%<br />
Avg. % of Original List Price Received 95% 94% -1% 95% 94% -1%<br />
Average Days on Market Until Sale 361 222 -39% 361 222 -39%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
120<br />
60<br />
100<br />
50<br />
80<br />
40<br />
60<br />
30<br />
40<br />
20<br />
20<br />
10<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
2017 <strong>2018</strong><br />
Average Days on Market<br />
2017 <strong>2018</strong><br />
$500,000<br />
400<br />
$400,000<br />
$300,000<br />
$200,000<br />
300<br />
200<br />
$100,000<br />
100<br />
$0<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2017 through 01/31/<strong>2018</strong>.
Change language