Lake County Land Update - March 2018
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Lake</strong> <strong>County</strong> Monthly Market <strong>Update</strong><br />
LAND<br />
<br />
The average number of Days on Market is up 29% in<br />
<strong>March</strong> and up 15% year to date.<br />
New Listings are down 23%<br />
Closed Sales are down 56%<br />
The Average Sales Price is up 205% in <strong>March</strong> and up 14%<br />
year to date<br />
<br />
93% of the Original Listing Price is received at closing<br />
Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373<br />
WWW.ERALAMBROS.COM
Jan<br />
Feb<br />
Mar<br />
Apr<br />
May<br />
Jun<br />
Jul<br />
Aug<br />
Sep<br />
Oct<br />
Nov<br />
Dec<br />
Local Market <strong>Update</strong> | <strong>March</strong> <strong>2018</strong><br />
<strong>Lake</strong><br />
<strong>County</strong><br />
<strong>Land</strong><br />
-23% -56% +205%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>March</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 53 41 -23% 100 94 -6%<br />
Closed Sales 16 7 -56% 37 25 -32%<br />
Median Sales Price $43K $43K 0% $73K $40K -45%<br />
Average Sales Price $76K $232K +205% $118K $135K +14%<br />
Avg. % of Original List Price Received 76% 93% +17% 84% 92% +8%<br />
Average Days on Market Until Sale 309 398 +29% 374 430 +15%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
80<br />
25<br />
60<br />
20<br />
40<br />
20<br />
15<br />
10<br />
5<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
2017 <strong>2018</strong><br />
Average Days on Market<br />
2017 <strong>2018</strong><br />
$300,000<br />
$250,000<br />
$200,000<br />
$150,000<br />
$100,000<br />
$50,000<br />
$0<br />
800<br />
600<br />
400<br />
200<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2017 through 03/31/<strong>2018</strong>.
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