Lake County Land Update - June 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

LAND


The average number of Days on Market is up 6% in June

and up 9% year to date.

New Listings are down 47%

Closed Sales are down 11%

The Average Sales Price is down 6% in June and up 13%

year to date


95% of the Original Listing Price is received at closing

Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373

WWW.ERALAMBROS.COM


Jan

Feb

Mar

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Local Market Update | June 2018

Lake

County

Land

-47% -11% -6%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

June

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 76 40 -47% 295 268 -9%

Closed Sales 19 17 -11% 79 76 -4%

Median Sales Price $72K $110K +53% $65K $72K +11%

Average Sales Price $149K $140K -6% $119K $134K +13%

Avg. % of Original List Price Received 94% 95% +1% 89% 94% +5%

Average Days on Market Until Sale 470 499 +6% 435 473 +9%

New Listings

2017 2018

Closed Sales

2017 2018

100

25

80

20

60

15

40

10

20

5

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

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

800

600

400

200

0

Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2017 through 06/30/2018.

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