Flathead County Land Update - June 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

LAND


The average number of Days on Market is up 23% in June

and up 29% year to date.

New Listings are down 14%

Closed Sales are up 18%

The Average Sales Price is up 38% in June and up 16%

year to date


92% 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 | June 2018

Flathead

County

Land

-14% +18% +38%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

June

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 190 164 -14% 852 800 -6%

Closed Sales 60 71 +18% 284 350 +23%

Median Sales Price $86K $107K +24% $88K $100K +14%

Average Sales Price $120K $165K +38% $141K $164K +16%

Avg. % of Original List Price Received 93% 92% -1% 93% 93% 0%

Average Days on Market Until Sale 346 424 +23% 356 459 +29%

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

2017 2018

Average Days on Market

2017 2018

$200,000

600

$150,000

$100,000

500

400

300

$50,000

$0

200

100

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 06/30/2018.

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