Lake County Residential Update - April 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is down 5% in

April and down 9% year to date.

New Listings are down 16%

Closed Sales are up 12%

The Average Sales Price is up 6% in April and up 45%

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

Aug

Sep

Oct

Nov

Dec

Local Market Update | April 2018

Lake

County

Residential

-16% +12% +6%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

April

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 86 72 -16% 214 182 -15%

Closed Sales 26 29 +12% 80 84 +5%

Median Sales Price $234K $269K +15% $224K $278K +24%

Average Sales Price $276K $292K +6% $267K $387K +45%

Avg. % of Original List Price Received 96% 94% -2% 95% 93% -2%

Average Days on Market Until Sale 242 230 -5% 298 272 -9%

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 04/30/2018.

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