Lincoln County Land Market Update - April 2018
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Local <strong>Market</strong> <strong>Update</strong> | <strong>April</strong> <strong>2018</strong><br />
<strong>Lincoln</strong><br />
<strong>County</strong><br />
<strong>Land</strong><br />
-46% +67% -34%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>April</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 94 51 -46% 166 172 +4%<br />
Closed Sales 6 10 +67% 17 42 +147%<br />
Median Sales Price $47K $40K -15% $78K $57K -27%<br />
Average Sales Price $64K $42K -34% $86K $69K -20%<br />
Avg. % of Original List Price Received 82% 83% +1% 81% 90% +9%<br />
Average Days on <strong>Market</strong> Until Sale 505 317 -37% 548 331 -40%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
120<br />
50<br />
100<br />
80<br />
60<br />
40<br />
20<br />
40<br />
30<br />
20<br />
10<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on <strong>Market</strong><br />
2017 <strong>2018</strong><br />
2017 <strong>2018</strong><br />
$150,000<br />
1500<br />
$100,000<br />
1000<br />
$50,000<br />
500<br />
$0<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the Missoula <strong>County</strong> Association of REALTORS®, Inc. for the period of 01/01/2017 through 04/30//<strong>2018</strong>.
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