Lake County Land Update - March 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

LAND


The average number of Days on Market is up 29% in

March and up 15% year to date.

New Listings are down 23%

Closed Sales are down 56%

The Average Sales Price is up 205% in March and up 14%

year to date


93% 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 | March 2018

Lake

County

Land

-23% -56% +205%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

March

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 53 41 -23% 100 94 -6%

Closed Sales 16 7 -56% 37 25 -32%

Median Sales Price $43K $43K 0% $73K $40K -45%

Average Sales Price $76K $232K +205% $118K $135K +14%

Avg. % of Original List Price Received 76% 93% +17% 84% 92% +8%

Average Days on Market Until Sale 309 398 +29% 374 430 +15%

New Listings

2017 2018

Closed Sales

2017 2018

80

25

60

20

40

20

15

10

5

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

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

800

600

400

200

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 03/31/2018.

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