Lincoln County Land Market Update - January 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lincoln County Monthly Market Update

LAND


The average number of Days on Market is up 53% in

January 2018

New Listings are down 23%

Closed Sales are up 100%



The Average Sales Price is down 29% year to date

90% of the Original Listing Price is 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


Local Market Update | January 2018

Lincoln

County

-23% +100% +53%

Change in Change in Change in

New Listings Closed Sales Days on Market

Land

January

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 30 23 -23% 30 23 -23%

Closed Sales 5 10 +100% 5 10 +100%

Median Sales Price $130K $36K -72% $130K $36K -72%

Average Sales Price $109K $77K -29% $109K $77K -29%

Avg. % of Original List Price Received 73% 90% +17% 73% 90% +17%

Average Days on Market Until Sale 401 613 +53% 401 613 +53%

New Listings

Closed Sales

2017 2018

2017 2018

120

50

100

80

60

40

20

40

30

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

Average Days on Market

2017 2018

2017 2018

$150,000

1200

1000

$100,000

800

600

$50,000

400

200

$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

Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 01/01/2017 through 01/31/2018.

More magazines by this user
Similar magazines