Flathead County Land Market Update -January 2019
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Flathead</strong> <strong>County</strong> Monthly <strong>Market</strong> <strong>Update</strong><br />
LAND<br />
• The average number of Days on <strong>Market</strong> is up 2% in<br />
<strong>January</strong><br />
• New Listings are down 31%<br />
• Closed Sales are down 24%<br />
• The Average Sales Price is up 21% in <strong>January</strong><br />
• 77% of the Original Listing Price is received at closing<br />
4 1st Street, Suite 102, Kalispell, MT 59901<br />
Office: (406) 752-9200| Fax: (406) 314-4953<br />
WWW.ERALAMBROS.COM
Local <strong>Market</strong> <strong>Update</strong> | <strong>January</strong> <strong>2019</strong><br />
<strong>Flathead</strong><br />
<strong>County</strong><br />
<strong>Land</strong><br />
-31% -24% +21%<br />
Change in<br />
New Listings<br />
<strong>January</strong><br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
Year to Date<br />
2018 <strong>2019</strong> +/- 2018 <strong>2019</strong> +/-<br />
New Listings 86 59 -31% 86 59 -31%<br />
Closed Sales 54 41 -24% 54 41 -24%<br />
Median Sales Price $125K $134K +7% $125K $134K +7%<br />
Average Sales Price $185K $224K +21% $185K $224K +21%<br />
Avg. % of Original List Price Received 91% 77% -14% 91% 77% -14%<br />
Average Days on <strong>Market</strong> Until Sale 404 412 +2% 404 412 +2%<br />
New Listings<br />
2018 <strong>2019</strong><br />
Closed Sales<br />
2018 <strong>2019</strong><br />
200<br />
100<br />
150<br />
100<br />
50<br />
80<br />
60<br />
40<br />
20<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on <strong>Market</strong><br />
2018 <strong>2019</strong><br />
2018 <strong>2019</strong><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 />
600<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the Missoula <strong>County</strong> Association of REALTORS®, Inc. for the period of 01/01/2018 through 1/31/<strong>2019</strong>.
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