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
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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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