Lincoln County Land Market Update - March 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lincoln County Monthly Market Update

LAND


The average number of Days on Market is down 58% in

March and down 41% year to date

New Listings are up 4%

Closed Sales are up 267%



The Average Sales Price is down 27% in March and down

20% year to date

91% of the Original Listing Price is received at closing

P.O. Box 1484, 1115 West 9th Street, Libby, MT 59923

Office: (406) 293-7721|Toll Free: (800) 858-3785| Fax: (406) 293-5168

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | March 2018

Lincoln

County

Land

+4% +267% -27%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

March

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 27 28 +4% 73 121 +66%

Closed Sales 3 11 +267% 11 32 +191%

Median Sales Price $95K $65K -32% $105K $65K -38%

Average Sales Price $88K $64K -27% $98K $78K -20%

Avg. % of Original List Price Received 91% 91% 0% 80% 91% +11%

Average Days on Market Until Sale 374 156 -58% 571 336 -41%

New Listings

2017 2018

Closed Sales

2017 2018

120

50

100

80

60

40

20

40

30

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

$150,000

1500

$100,000

1000

$50,000

500

$0

0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 01/01/2017 through 03/31//2018.

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