Flathead County Land Market Update - April 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

LAND


The average number of Days on Market is up 3% in April

and up 22% year to date.

New Listings are down 8%

Closed Sales are up 50%

The Average Sales Price is up 42% in April and up 9%

year to date


96% of the Original Listing Price is received at closing

4 1st Street, Suite 102, Kalispell, MT 59901

Office: (406) 752-9200| Fax: (406) 314-4953

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | April 2018

Flathead

County

Land

-8% +50% +42%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

April

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 176 162 -8% 446 471 +6%

Closed Sales 50 75 +50% 165 207 +25%

Median Sales Price $75K $87K +16% $89K $100K +12%

Average Sales Price $113K $160K +42% $151K $165K +9%

Avg. % of Original List Price Received 94% 96% +2% 93% 94% +1%

Average Days on Market Until Sale 438 446 +3% 357 436 +22%

New Listings

2017 2018

Closed Sales

2017 2018

250

80

200

150

100

50

60

40

20

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

$200,000

600

$150,000

$100,000

500

400

300

$50,000

$0

200

100

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 04/30/2018.

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