Lake County Land Update - April 2018

eralambros

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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

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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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