Lake County Residential Update - November 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

RESIDENTIAL

• The average number of Days on Market is up 21% in

November and down 6% year to date.

• New Listings are up 21%

• Closed Sales are up 4%

• The Average Sales Price is up 191% in November and up

36% year to date

• 83% 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

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | August 2018

Lake

County

Residential

+21% +4% +191%

Change in

New Listings

August

Change in

Closed Sales

Change in

Average Sales

Price

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 19 23 +21% 609 618 +1%

Closed Sales 27 28 +4% 348 352 +1%

Median Sales Price $194K $293K +51% $238K $283K +19%

Average Sales Price $267K $778K +191% $299K $406K +36%

Avg. % of Original List Price Received 94% 83% -11% 93% 93% 0%

Average Days on Market Until Sale 156 189 +21% 236 223 -6%

New Listings

Closed Sales

2017 2018

2017 2018

120

100

80

60

60

50

40

30

40

20

20

0

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

10

0

Jan Feb Mar Apr May Jun

Jul Aug Sep Oct Nov Dec

Average Sales Price

Average Days on Market

2017 2018

2017 2018

$1,000,000

$800,000

$600,000

$400,000

$200,000

$0

400

300

200

100

0

Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2017 through 11/30/2018.

More magazines by this user