Lake County Land Update - November 2018
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Lake</strong> <strong>County</strong> Monthly Market <strong>Update</strong><br />
LAND<br />
• The average number of Days on Market is up 11% in<br />
<strong>November</strong> and up 8% year to date.<br />
• New Listings are down 52%<br />
• Closed Sales show no change<br />
• The Average Sales Price is down 53% in <strong>November</strong> and<br />
down 6% year to date<br />
• 93% of the Original Listing Price is received at closing<br />
Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373<br />
WWW.ERALAMBROS.COM
Local Market <strong>Update</strong> | <strong>November</strong> <strong>2018</strong><br />
<strong>Lake</strong><br />
<strong>County</strong><br />
<strong>Land</strong><br />
-52% 0% -53%<br />
Change in<br />
New Listings<br />
<strong>November</strong><br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 21 10 -52% 425 408 -4%<br />
Closed Sales 9 9 0% 142 145 +2%<br />
Median Sales Price $140K $41K -71% $75K $70K -7%<br />
Average Sales Price $120K $56K -53% $131K $123K -6%<br />
Avg. % of Original List Price Received 93% 93% 0% 91% 94% +3%<br />
Average Days on Market Until Sale 533 594 +11% 451 485 +8%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
100<br />
25<br />
80<br />
20<br />
60<br />
15<br />
40<br />
10<br />
20<br />
5<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on Market<br />
2017 <strong>2018</strong><br />
2017 <strong>2018</strong><br />
$300,000<br />
$250,000<br />
$200,000<br />
$150,000<br />
$100,000<br />
$50,000<br />
$0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
700<br />
600<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2017 through 11/30/<strong>2018</strong>.
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