Flathead County Land Update - March 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

LAND


The average number of Days on Market is up 70% in

March and up 33% year to date.

New Listings are down 2%

Closed Sales are down 14%



The Average Sales Price is down 8% in March and shows

no change year to date

95% of the Original Listing Price is received at closing

4 1st Street, Suite 102, Kalispell, MT 59901

Office: (406) 752-9200| Fax: (406) 314-4953

WWW.ERALAMBROS.COM


Local Market Update | March 2018

Flathead

County

Land

-2% -14% -8%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

March

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 132 129 -2% 269 308 +14%

Closed Sales 49 42 -14% 115 131 +14%

Median Sales Price $88K $115K +31% $92K $115K +25%

Average Sales Price $186K $172K -8% $168K $168K 0%

Avg. % of Original List Price Received 90% 95% +5% 93% 93% 0%

Average Days on Market Until Sale 282 479 +70% 322 427 +33%

New Listings

2017 2018

Closed Sales

2017 2018

250

80

200

150

100

50

60

40

20

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

$200,000

600

$150,000

$100,000

400

$50,000

200

$0

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 03/31/2018.

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