Lake County Land Update - July 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

LAND


The average number of Days on Market is up 14% in July

and up 9% year to date.

New Listings are up 27%

Closed Sales are up 44%

The Average Sales Price is up 57% in July and up 13%

year to date


96% 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

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May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | July 2018

Lake

County

Land

+27% +44% +57%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

July

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 33 42 +27% 328 311 -5%

Closed Sales 9 13 +44% 88 89 +1%

Median Sales Price $45K $75K +67% $62K $75K +21%

Average Sales Price $65K $102K +57% $114K $129K +13%

Avg. % of Original List Price Received 88% 96% +8% 89% 94% +5%

Average Days on Market Until Sale 415 472 +14% 433 473 +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

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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

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