Lake County Residential Update - January 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is down 39% in

January 2018

New Listings are down 4%

Closed Sales are up 6%



The Average Sales Price is up 39% year to date

94% 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

-4% +6% -39%

Change in Change in Change in

New Listings Closed Sales Days on Market

Residential

January

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 26 25 -4% 26 25 -4%

Closed Sales 18 19 +6% 18 19 +6%

Median Sales Price $243K $239K -2% $243K $239K -2%

Average Sales Price $211K $294K +39% $211K $294K +39%

Avg. % of Original List Price Received 95% 94% -1% 95% 94% -1%

Average Days on Market Until Sale 361 222 -39% 361 222 -39%

New Listings

2017 2018

Closed Sales

2017 2018

120

60

100

50

80

40

60

30

40

20

20

10

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

$500,000

400

$400,000

$300,000

$200,000

300

200

$100,000

100

$0

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

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