ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lake County Monthly Market Update
LAND
The average number of Days on Market is down 8% in
April and up 11% year to date.
New Listings are up 15%
Closed Sales are up 45%
The Average Sales Price is up 17% in April and up 17%
year to date
94% 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 | April 2018
Lake
County
Land
+15% +45% +17%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
April
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 46 53 +15% 147 147 0%
Closed Sales 11 16 +45% 48 41 -15%
Median Sales Price $44K $100K +127% $60K $58K -3%
Average Sales Price $126K $147K +17% $120K $140K +17%
Avg. % of Original List Price Received 94% 94% 0% 86% 93% +7%
Average Days on Market Until Sale 546 502 -8% 413 458 +11%
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
Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2017 through 04/30/2018.
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