Lincoln County Land Market Update - January 2018
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Lincoln</strong> <strong>County</strong> Monthly <strong>Market</strong> <strong>Update</strong><br />
LAND<br />
<br />
The average number of Days on <strong>Market</strong> is up 53% in<br />
<strong>January</strong> <strong>2018</strong><br />
New Listings are down 23%<br />
Closed Sales are up 100%<br />
<br />
<br />
The Average Sales Price is down 29% year to date<br />
90% of the Original Listing Price is received at closing<br />
P.O. Box 1484, 1115 West 9th Street, Libby, MT 59923<br />
Office: (406) 293-7721|Toll Free: (800) 858-3785| Fax: (406) 293-5168<br />
WWW.ERALAMBROS.COM
Local <strong>Market</strong> <strong>Update</strong> | <strong>January</strong> <strong>2018</strong><br />
<strong>Lincoln</strong><br />
<strong>County</strong><br />
-23% +100% +53%<br />
Change in Change in Change in<br />
New Listings Closed Sales Days on <strong>Market</strong><br />
<strong>Land</strong><br />
<strong>January</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 30 23 -23% 30 23 -23%<br />
Closed Sales 5 10 +100% 5 10 +100%<br />
Median Sales Price $130K $36K -72% $130K $36K -72%<br />
Average Sales Price $109K $77K -29% $109K $77K -29%<br />
Avg. % of Original List Price Received 73% 90% +17% 73% 90% +17%<br />
Average Days on <strong>Market</strong> Until Sale 401 613 +53% 401 613 +53%<br />
New Listings<br />
Closed Sales<br />
2017 <strong>2018</strong><br />
2017 <strong>2018</strong><br />
120<br />
50<br />
100<br />
80<br />
60<br />
40<br />
20<br />
40<br />
30<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 Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on <strong>Market</strong><br />
2017 <strong>2018</strong><br />
2017 <strong>2018</strong><br />
$150,000<br />
1200<br />
1000<br />
$100,000<br />
800<br />
600<br />
$50,000<br />
400<br />
200<br />
$0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the Missoula <strong>County</strong> Association of REALTORS®, Inc. for the period of 01/01/2017 through 01/31/<strong>2018</strong>.
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