Lincoln County Residential Update - April 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lincoln County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is down 22% in

April and up 32% year to date

New Listings are up 42%

Closed Sales are up 13%

The Average Sales Price is up 61% in April and up 37%

year to date


97% 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

Residential

+42% +13% +61%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

April

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 48 68 +42% 133 155 +17%

Closed Sales 15 17 +13% 58 51 -12%

Median Sales Price $110K $174K +58% $144K $182K +26%

Average Sales Price $134K $216K +61% $183K $250K +37%

Avg. % of Original List Price Received 96% 97% +1% 96% 95% -1%

Average Days on Market Until Sale 285 222 -22% 250 331 +32%

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

$400,000

$300,000

$200,000

2017 2018

600

400

2017 2018

$100,000

200

$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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