Flathead County Land Market Update - May 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

LAND


The average number of Days on Market is up 56% in May

and up 30% year to date.

New Listings are down 24%

Closed Sales are up 20%

The Average Sales Price is up 23% in May and up 12%

year to date


93% of the Original Listing Price is received at closing

4 1st Street, Suite 102, Kalispell, MT 59901

Office: (406) 752-9200| Fax: (406) 314-4953

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | May 2018

Flathead

County

Land

-24% +20% +23%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

May

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 216 165 -24% 662 635 -4%

Closed Sales 59 71 +20% 224 279 +25%

Median Sales Price $86K $90K +5% $88K $100K +14%

Average Sales Price $132K $163K +23% $146K $164K +12%

Avg. % of Original List Price Received 93% 93% 0% 93% 94% +1%

Average Days on Market Until Sale 361 564 +56% 358 467 +30%

New Listings

2017 2018

Closed Sales

2017 2018

250

80

200

150

100

50

60

40

20

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

$200,000

600

$150,000

$100,000

400

$50,000

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 05/31/2018.

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