Flathead County Land Market Update - November 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

LAND

• The average number of Days on Market is down 11% in

November and up 17% year to date.

• New Listings are down 17%

• Closed Sales are down 21%

• The Average Sales Price is up 21% in November and up

14% year to date

• 95% 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 | November 2018

Flathead

County

Land

-17% -21% +21%

Change in

New Listings

November

Change in

Closed Sales

Change in

Average Sales

Price

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 64 53 -17% 1,286 1,350 +5%

Closed Sales 53 42 -21% 585 653 +12%

Median Sales Price $95K $120K +26% $92K $106K +15%

Average Sales Price $130K $157K +21% $145K $166K +14%

Avg. % of Original List Price Received 89% 95% +6% 92% 93% +1%

Average Days on Market Until Sale 403 357 -11% 364 427 +17%

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

$250,000

$200,000

$150,000

$100,000

$50,000

600

500

400

300

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 11/30/2018.

More magazines by this user