Lake County Residential Update - March 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is up 30% in

March and down 10% year to date.

New Listings are down 22%

Closed Sales are up 28%

The Average Sales Price is up 64% in March and up 63%

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

Residential

-22% +28% +64%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

March

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 71 58 -22% 128 111 -13%

Closed Sales 18 23 +28% 54 55 +2%

Median Sales Price $208K $299K +44% $224K $289K +29%

Average Sales Price $264K $433K +64% $262K $428K +63%

Avg. % of Original List Price Received 93% 93% 0% 94% 92% -2%

Average Days on Market Until Sale 255 332 +30% 325 294 -10%

New Listings

2017 2018

Closed Sales

2017 2018

120

60

100

50

80

40

60

30

40

20

20

10

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

$800,000

$600,000

400

300

$400,000

200

$200,000

100

$0

0

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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