Lincoln County Land Market Update - May 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lincoln County Monthly Market Update

LAND


The average number of Days on Market is up 20% in May

and down 13% year to date

New Listings are down 42%

Closed Sales are down 19%

The Average Sales Price is up 9% in May and down 9%

year to date


89% 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 | May 2018

Lincoln

County

Land

-42% -19% +9%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

May

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 88 51 -42% 255 223 -13%

Closed Sales 21 17 -19% 38 59 +55%

Median Sales Price $40K $61K +53% $50K $58K +16%

Average Sales Price $77K $84K +9% $81K $74K -9%

Avg. % of Original List Price Received 79% 89% +10% 80% 89% +9%

Average Days on Market Until Sale 317 381 +20% 420 346 -18%

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

2017 2018

Average Days on Market

2017 2018

$150,000

1200

1000

$100,000

800

$50,000

600

400

$0

200

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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