Lake County Residential 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 />
RESIDENTIAL<br />
<br />
The average number of Days on Market is up 30% in<br />
<strong>March</strong> and down 10% year to date.<br />
New Listings are down 22%<br />
Closed Sales are up 28%<br />
The Average Sales Price is up 64% in <strong>March</strong> and up 63%<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>Residential</strong><br />
-22% +28% +64%<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 71 58 -22% 128 111 -13%<br />
Closed Sales 18 23 +28% 54 55 +2%<br />
Median Sales Price $208K $299K +44% $224K $289K +29%<br />
Average Sales Price $264K $433K +64% $262K $428K +63%<br />
Avg. % of Original List Price Received 93% 93% 0% 94% 92% -2%<br />
Average Days on Market Until Sale 255 332 +30% 325 294 -10%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
120<br />
60<br />
100<br />
50<br />
80<br />
40<br />
60<br />
30<br />
40<br />
20<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<br />
Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on Market<br />
2017 <strong>2018</strong><br />
2017 <strong>2018</strong><br />
$800,000<br />
$600,000<br />
400<br />
300<br />
$400,000<br />
200<br />
$200,000<br />
100<br />
$0<br />
0<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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