Lincoln County Land Market Update - April 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lincoln County Monthly Market Update

LAND


The average number of Days on Market is down 37% in

April and down 40% year to date

New Listings are down 46%

Closed Sales are up 67



The Average Sales Price is down 34% in April and down

20% year to date

83% 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 | April 2018

Lincoln

County

Land

-46% +67% -34%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

April

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 94 51 -46% 166 172 +4%

Closed Sales 6 10 +67% 17 42 +147%

Median Sales Price $47K $40K -15% $78K $57K -27%

Average Sales Price $64K $42K -34% $86K $69K -20%

Avg. % of Original List Price Received 82% 83% +1% 81% 90% +9%

Average Days on Market Until Sale 505 317 -37% 548 331 -40%

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 04/30//2018.

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