Flathead County Land Market Update - July 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

LAND


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

and up 24% year to date.

New Listings are down 9%

Closed Sales are up 11%



The Average Sales Price is up 1% in July and up 14% year

to date

90% 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


Local Market Update | July 2018

Flathead

County

Land

-9% +11% +1%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

July

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 176 160 -9% 1,030 961 -7%

Closed Sales 70 78 +11% 354 429 +21%

Median Sales Price $107K $100K -7% $89K $100K +12%

Average Sales Price $137K $139K +1% $140K $160K +14%

Avg. % of Original List Price Received 94% 90% -4% 93% 93% 0%

Average Days on Market Until Sale 402 428 +6% 365 452 +24%

New Listings

2017 2018

Closed Sales

2017 2018

250

100

200

80

150

60

100

40

50

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

500

400

$100,000

300

$50,000

200

100

$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

Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 01/01/2017 through 07/31/2018.

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